Losses at Score Media add up to $1.3M

TORONTO – Despite gains in television advertising revenues, Score Media reported a $1.3 million net loss for the second quarter ended February 29, 2012. Consolidated revenue for the period fell to $10.4 million from $11.0 million in the same period last year. Broadcast revenues were $9.7 million compared to $10.2 million year-over-year, while digital media revenues dipped to $0.7 million from $0.8 million. A 2% increase in theScore's advertising revenue from $5.8 million to $5.9 million was offset by revenue reductions from the closure of theScore Satellite Radio and lower contra revenues. Consolidated EBITDA dropped to $40,000 from $1.1 million...