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

  • TIFFANY HADDISH stars in "Night School,"

    Tiffany Haddish and Kevin Hart in 'Night School': 'No One Improvises Like They Do'

    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 […]

  • Jeremy Piven69th Primetime Emmy Awards, Arrivals,

    Jeremy Piven Hosts Benefit for Domestic Violence Survivors, Caitlyn Jenner Honored

    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 […]

  • Jon M. Chu, Director, Constance Wu,

    Jon M. Chu on Directing 'Crazy Rich Asians' Sequel: 'We Still Have to Close My Deal on It'

    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 […]

  • Jeff Bridges'Bad Times at the El

    Jeff Bridges Approves of a 'Big Lebowski' Remake: 'If I Was in It'

    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 […]

  • 'Milk Bar' Founder Christina Tosi Previews

    Milk Bar Founder Christina Tosi on Opening in L.A. and Whether She'll Do a Cooking Show

    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 […]

  • Taraji P. HensonTaraji's Boutique of Hope

    Taraji P. Henson Opens Up About Seeking Mental Health Treatment

    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 […]

  • Bryan Cranston Reflects on Early Rejection,

    Bryan Cranston Reflects on Early Rejection and the 'Breaking Bad' Scene That Still Rocks Him

    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