Radio / Television News

Profits fall at Score Media


TORONTO – Score Media saw its 2011 profits cut nearly in half, despite a modest gain in revenue. For the fiscal year ended August 31, the company posted net income of $1.48 million, down from $2.5 million in 2010 though revenue increased across its TV and digital media platforms to $47.7 million from $43.8 million.  Excluding the impact of the $800,000 CRTC Part II fee reversal in fiscal 2010, EBITDA was $7.9 million compared to $6.8 million last year. The sports broadcaster reported a fourth quarter loss of $316,000, down from $1.1 million year-over-year, due in large part to a charge...