Higher subscriptions buoy ATN's Q3 profits

TORONTO - Asian Television Network (ATN) reported net income of $523,645 on revenues of $6.90 million for its third fiscal quarter of 2013 ended September 30. Both revenue and net profits increased 10% compared to the third quarter in 2012, which the broadcaster attributed mainly to the continued growth of subscription revenues. Broken down by segment, ATN's subscription revenues for the second quarter were $5.23 million, advertising revenue was $1.54 million, and programming revenue was $121,258. Increases in subscription and programming revenue, of 14% and 32% respectively, were offset by a 4% decrease in advertising revenue. ATN serves Canada’s...