Cable / Telecom News

Look’s loss lessens

TORONTO and MONTREAL – Third quarter 2005 revenue at Look Communications was $9.2 million and gross margin $4.6 million, leading to a loss of $153,000 for the period ended May 31st. For the three month period ended June 30, 2004, revenue was $10.3 million and gross margin $5.1 million. Revenue for the nine months ended May 31, 2005 was $28.9 million and gross margin $14.2 million. For the nine month period ended June 30, 2004, revenue was $33.7 million and gross margin $17.7 million. “The decline in revenue was the result of a lower subscriber base in 2005, mainly in...