Score Media profits take a dive

TORONTO – Score Media saw a slight uptick in revenue, but a drop in net income for its first quarter of 2011.Revenue for the quarter ending November 30, 2010 was $11.9 million, up 4% from $11.4 million year-over-year. But net income was down from $1.1 million in fiscal 2010 to $839,000, though last year’s results did include a one-time gain of $800,000 from the CRTC Part II fee reversal decision.“Our business continues to evolve quarter after quarter and this quarter is no exception,” said chairman and CEO John Levy, in a statement. “Our growth in both revenue and EBITDA gives...