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Company News

BUZZ-DHX Media: Drops after lower revenue, wider loss

** Canadian entertainment company’s U.S.-listed shares fall as much as 11.2% to hit over 7-month low

** Reports lower third-quarter revenue and wider loss

** Q3 revenue fell 5.6% to ~C$110 mln; net loss widened to C$0.14/share from C$0.06/share

** Says wrap up of production on some shows in Halifax studio before completion of sale and softness in traditional distribution rev hit total rev in qtr

** Session losses add to ~14.4% decline in DHXM this year till Monday’s close (Reporting by Shariq Khan in Bengaluru)

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