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DHX revenue almost triples over 1 year

Media | 05/14/2015 2:35 pm EDT

DHX Media Ltd. said Thursday that revenue for its third quarter ended March 31 almost tripled from a year earlier to $85.6 million from $29 million, thanks to a major acquisition and gains in its distribution and production businesses. The broadcaster and TV-content producer said in a press release that much of that gain came from the acquisition of Family Channel, Disney XD and Disney Junior from BCE Inc., which was announced in November 2013 and closed last year. The DHX Television unit created by this purchase contributed $20.4 million to quarterly revenue. David Regan, DHX's...