Score Media posts $1.6M loss

TORONTO – Despite the popularity of its sports apps, Score Media reported a $1.6 million net loss for the third quarter ended May 31, 2012. Consolidated revenues for the period were $12.7 million, down from $13.1 million in the same period last year. Broadcast revenues were $11.5 million compared to $12.3 million year-over-year, while digital media revenues improved to $1.1 million from $800,000. The company said that broadcast revenues were impacted by anticipated revenue reductions from the closure of theScore Satellite Radio and lower contra revenues, as well as “recent softness” in the overall television advertising market. EBITDA for the...