BATON REPORTS JUMP IN REVENUES
By Adnews Staff
Toronto-based Baton Broadcasting Inc. has reported a 70% increase in total revenue for the three months ending Nov. 30. Total revenue increased from $69,835,000 to $118,806,000. Net income rose from $4,657,000 to $14,104,000. Operating expenses increased 55% to $81,050,000. Revenue and expenses are not directly comparable to last year because of the acquisition of Electrohome's broadcasting assets last August, the completion of the asset exchange transaction with CHUM Ltd. on Oct. 31 and the consolidation of CTV's results beginning in November. Same station revenues increased by 15%.
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