You will be redirected back to your article in seconds

Canada’s Baton B’casting Paints Modest Pictures

Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter.

Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under $C3 million ($2.6 million) or C10.7 &cents; a share (9.3 &cents;), compared with more than $C3.2 million ($2.8 million) or C11.5 &cents; (10 &cents;) a share in losses a year ago when the public company plummeted into the red for the first time.

Profit for the six months ended Feb. 28 was just over $C1 million ($870,000 million) or $C3.6 &cents; (3.1 &cents;) per share, compared with $C4.2 million ($3.7 million) or $C15 &cents; (13 &cents;) for the same period a year earlier.

Baton’s chief financial officer says while cost reductions have slightly negated losses, getting back in the black will require an improvement in air time revenues.

“We’re basically looking at a flat year, with net income around a breakeven point,” Fillingham says.

More Scene

  • Hong Chau American Woman

    'Downsizing' Star Hong Chau on Men and #MeToo: 'I Don't Want to Tell Somebody What to Say'

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

  • Common Would Support Oprah for President

    Common Says An Oprah Presidency Would Bring America Back to 'Compassionate Leaders' That 'Care About Human Beings' (EXCLUSIVE)

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

  • SAG Awards Prep

    Sneak Peek at 2018 SAG Awards Post-Show Gala

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

  • grace and frankie lisa kudrow

    Jane Fonda, Lily Tomlin Talk the Realities of Aging at ‘Grace and Frankie’ Season 4 Premiere

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

  • Sundance Parties

    Sundance 2018: The Insider's Party Guide

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

  • '12 Strong' film premiere

    '12 Strong': Chris Hemsworth Hopes Film Can Reduce 'Misconceptions' About Afghanistan

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

  • Guillermo del Toro, Greta Gerwig and

    Timothée Chalamet Says He'd Love to Work With Christopher Nolan or Guillermo del Toro

    Baton Broadcasting, Canada’s most dominant player in private broadcasting, is modestly optimistic about its financial picture despite continued losses reported in the latest quarter. Compared with the last year’s continuous losses, this quarter’s loss was not as bad, says Robin Fillingham, chief financial officer of Baton. The Toronto-based company reported a loss of just under […]

More From Our Brands

Access exclusive content