Profits down, revenue up at Score Media

TORONTO – Despite a 14% jump in revenue, Score Media saw its net income for the first quarter of 2012 plunge from $856,000 to $212,000. For the three months ended November 30, 2011, revenues were $13.4 million compared to $11.8 million in the same period in 2010. Reporting results for its two core operating segments for the first time, Score Media said that broadcast revenues increased 14% year-over-year to $12.4 million, while digital media revenues were up 16% to $1.0 million. Consolidated EBITDA for the period fell to $1.9 million from $2.7 million in the same period in 2010, which the...