JumpTV loses $11.5 million in 2Q

TORONTO - Internet-based television provider JumpTV reported a second-quarter loss of $11.5 million, nearly doubling the $6.5 million loss it reported last year.JumpTV subscriptions also increased 128 percent from 30,000 to 68,500 as of June 30. The company expanded its client base in its sports business by adding new partners, incremental functionality and other technology solutions."In our sports business, we broadened our client base by adding new teams and leagues as partners and, at the same time, we increased the depth of many of our existing relationships by adding incremental functionality and other technology solutions to their online offerings," said...