MOFFAT RESULTS
By Adnews Staff
Moffat Communications of Winnipeg has reported a 21% increase in third quarter earnings for the period ending May 31, and says a third of this is due to the Women's Television Network. Net income rose to $2.82 million from $2.33 million a year earlier. Revenue increased 39% to $264.8 million, from $189.9 million. For nine months, net income rose 24% to $7.54 million from $6.08 million. Revenue increased from $552 million to $675.1 million. Moffat owns 68.4% of WTN, which began airing last January.
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