Score Media breaks even in second quarter
TORONTO – The Score Media broke even in the second quarter ended February 29, with net income down $0.3 million from the same period a year earlier, according to financial results released Wednesday. The company attributed the decline “largely due to a restructuring provision recorded in the second quarter of fiscal 2008 in the amount of $0.9 million.” Revenue in the quarter was $8.4 million, up $0.7 million from $7.7 million in the same period a year earlier, but operating costs increased due to anticipated increased spending for high definition television programming, higher rights fees associated with broadcasting live events,...
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