Canada's Score Media down in first quarter

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TORONTO -- Canadian cable sports broadcaster Score Media on Wednesday reported a lower first-quarter profit after it absorbed higher HD programming and TV sport rights costs.

Toronto-based Score, which operates the Score, a national headline sports channel, said it earned CAN$148,000 ($147,000) during the three months ending Nov. 30, on revenue of CAN$9.3 million ($9.25 million).

That compares with first-quarter earnings of CAN$871,000 on revenue of CAN$9.22 million in the year-ago period.

John Levy, CEO and controlling shareholder of Score Media, in September pulled his controlling stake in the cable sports channel off the auction block after no bidder reached his asking price.
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