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Cision Canada
30-07-2025
- Business
- Cision Canada
NETWORK MEDIA GROUP ANNOUNCES 2025 SECOND QUARTER RESULTS
VANCOUVER, BC, July 30, 2025 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF) ("Network" or "the Company") today reported financial results for the second quarter ended May 31, 2025 ("Q2 2025"), including three-month revenues of $1,022,575 (Q2 2024 - $3,006,969), a net loss of $772,209 (Q2 2024 – a net loss of $754,773) and Adjusted EBITDA 1 loss of $513,439 (Q2 2024 – Adjusted EBITDA loss of $344,957), and contracted future revenues ("backlog" 2) of $8.5M. On a per-share basis, the Company reports a loss of $0.04 per share (Q2 2024 – loss of $0.04) and an Adjusted EBITDA loss per share of $0.03 (Q2 2024 – Adj. EBITDA loss of $0.02). The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at Network President Curtis White stated, "This quarter's financial results reflect a greater focus on creating and delivering independently financed proprietary content backed by strategic partners. We are encouraged by the support of our expanding network of partners and grateful for the critical acclaim and award recognition we are receiving in the marketplace, most recently with this month's Emmy nomination for our Sly and the Family Stone feature documentary, Sly Lives! (aka The Burden of Black Genius)." Key metrics for Network's six months ended Q2 2025 include the following highlights: Backlog of $8.5M with $5.9M to be recorded in the next six months and $2.6M beyond seven months; Revenues of $2,517,033 (Q2 2024 - $5,135,785); Net loss of $478,500 - $0.03 per share (Q2 2024 Net loss of $1,360,744 - $0.08 per share); and Adjusted EBITDA loss of $37,476 - $0.01 per share (Q2 2024 Adjusted EBITDA loss of $699,925 - $0.04 per share). Operational highlights for the quarter include: Continued production on four feature-length documentaries and a five-episode documentary series. Our Brats feature documentary, directed by original Brat Pack member Andrew McCarthy, in partnership with NEON and ABC News, received significant recognition at the 2025 Webby Awards, winning in two categories: Webby Winner – Video & Film: Documentary People's Voice Winner – Video & Film: Documentary Strategic distribution announcement with Elevation Pictures for the Canadian distribution of our I Am feature documentaries, commencing with three new highly anticipated titles, I Am Luke Perry, I Am Raquel Welch and I Am Joe Frazier, which premiered on Crave on June 9 th, June 16 th, and June 23 rd, respectively. 1"Adjusted EBITDA" is calculated based on EBITDA (known as earnings/loss before interest, taxes, depreciation, and amortization) plus share-based payments expense, finance costs (income), foreign exchange gain (loss), and losses and other items of an unusual nature that do not reflect ongoing operations. EBITDA and Adjusted EBITDA are commonly reported and widely used by investors and lenders as an indicator of a company's operating performance and ability to incur and service debt, and as a valuation metric. EBITDA and Adjusted EBITDA are not an earnings measures recognized by IFRS and therefore do not have a standardized meaning prescribed by IFRS. Therefore, EBITDA and Adjusted EBITDA may not be comparable to similar measures presented by other issuers. 2 The Company uses the non-IFRS measure "backlog", which is defined as the undiscounted value of signed agreements for production services for work that has not yet been performed, but which the Company expects to recognize revenue in future periods. The extent of eventual revenue recognized in future periods may be materially higher or lower than this amount, depending upon assumptions and expectations that include, but are not limited to the following: the terms of the contracts will not be altered; delivery of the Company's products will occur as scheduled; the purchasing party will make payment as and when due under the contract, and will comply with all payment terms; the US-Canadian currency exchange rates remain stable (assumed to be 1.35 USD-CDN for the purposes of the estimates made herein); no unforeseen event interrupts business in the ordinary course; and the purchasing party will pay, or has paid, Network on a pro-rata to percent completed for a film or episode that is in progress. Should conditions change, the revenue estimates may not be met and actual results may differ, perhaps materially. About Network Media Group / Network Entertainment Network Media Group is the parent company of Network Entertainment Inc. Network Entertainment is a creatively driven, boutique film, television, and digital content production company that creates, finances and produces award-winning programming for television, digital platforms, and movie audiences around the world. The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners. For additional information on Network Entertainment Inc., visit Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement on Non-IFRS Financial Measures and Forward-looking Information In addition to results reported in accordance with IFRS, this news release refers to certain non-IFRS financial measures as supplemental indicators of the Company's financial and operating performance. These non-IFRS financial measures include EBITDA, Adjusted EBITDA and Future Contracted Production Revenue (commonly referred to as backlog). The Company believes these supplemental financial measures reflect the Company's ongoing business in a manner that assist the reader's meaningful period-to-period comparisons and analysis of trends in its business. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward-looking information in this news release involves known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof.
Forbes
28-07-2025
- Business
- Forbes
Climate Resiliency Drawing New Buyers To Traverse City
Peek colors in downtown Traverse City, Michigan, just one of the attractive qualities of the ... More climate-resilient Northern Michigan metro. We're going to hear a lot more about climate-resilient cities in the years ahead. Today, many are only just becoming familiar with the term. But demographers and developers who know Traverse City, Mich. are among those most conversant with the concept. Each year, the northern Michigan city at the southern tip of Grand Traverse Bay and the Leelanau Peninsula sees greater numbers of incoming climate refugees from the West Coast and Arizona. Home buyers are citing climate change as a main driver convincing them to acquire their primary or secondary homes in or near Traverse City. As well, the city and its surrounding four-county metropolitan area – home to more than 150,000 residents according to the 2020 U.S. Census -- have a variety of additional attributes to recommend them, from great beaches to water sports, festivals, parks and recreation, a performing arts center, an increasingly vibrant dining scene and not least warm, mild summers that drive its viticulture and cherry-growing industries. Choice destination These qualities have not been lost on developers like Freshwater Development founder Andrew McCarthy, a force behind the development of a number of New York City towers before returning to his home state to develop in Traverse City. 'We are focused on bringing premier luxury real estate to Traverse City's climate-resilient market,' he says. 'Traverse City has emerged as a destination of choice for both full-time residents and second-home investors, drawn by its natural beauty, active outdoor lifestyle and ease of access, with direct flights from over 20 major U.S. markets.' The company is wrapping work on a pair of Traverse City projects, one offering the only full-floor condos in the city with private elevators, garages and rooftop terraces, the other a trio of waterfront brownstone residences with individual boat slips. Agricultural happenings Michigan's West Coast takes a back seat only to California when it comes to fresh fruit and biodiversity. Vegetable and fruit farms and wineries pepper the countryside around Traverse City. The vibrancy of the growing area attracted real estate professional Turner Booth, managing partner at Cochran Booth & Company, who regularly visited Northern Michigan as a youth and spent a decade in Manhattan real estate before relocating to the region. The firm's flagship property, The Mill Glen Arbor, is an inn, restaurant, cafe and bakery serving fresh-baked breads and pastries using milled-on-site flours. The company's hospitality orientation takes a nod from New York City and Chicago and other refined urban markets, and is built on the abundance of local growers, Booth has said. As the Traverse City metro's culinary scene matures, it is attracting well-deserved attention. That spotlight in turn is luring young chefs from Michelin-starred restaurants, who are relocating to Northern Michigan to launch their own dining establishments. Booth is striving to help ensure a sustainable workforce within the region. 'Good housing options for employees is critical and dovetails nicely with our hospitality operations,' he says. 'A big part of our focus is high-quality housing for the workforce. Addressing hospitality in a silo, without the local workforce simply doesn't make sense.' Airport expansion The city's Cherry Capital Airport was designed with the idea only so many incoming flights would be landing. In the early 2000s, when the newest terminal opened, the expectation was for 250,000 to 300,000 annual passengers traversing the terminal. Last year passenger numbers reached 770,000, an increase of nearly 70,000 from the year before. That's necessitated a more than 68,000-square-foot expansion now underway. As the shoulder season continues to be extended in Northern Michigan, and climate resiliency becomes more of a household word, who's to say there won't be additional expansions necessary once people discover the charms of Traverse City?
Yahoo
26-07-2025
- Entertainment
- Yahoo
Rob Lowe, 61, Says Sequel to Iconic '80s Movie Is ‘Really Getting Good'
Rob Lowe, 61, Says Sequel to Iconic '80s Movie Is 'Really Getting Good' originally appeared on Parade. There's an update on the sequel to one of the Brat Pack's biggest movies! Rob Lowe revealed that he's been working on a followup script to 1985's St. Elmo's Fire. "We're working on the script, and it's really getting good,' Lowe told People in an interview published on June 29. "I think it's super valid to revisit those characters that continue to mean a lot to people and watch them navigate this chapter of life, because arguably this chapter of life is every bit as interesting and fraught as — 'What do I do when I get out of college?'' Lowe starred as Billy Hicks in the film, alongside Demi Moore, Andrew McCarthy, Emilio Estevez, Ally Sheedy, Judd Nelson and Mare Winningham. The Outsiders star previously revealed that he and Moore have talked about what it will be like to revisit their characters from St. Elmo's Fire. 'She has a pseudonym that she goes by, which I can't say, because then it wouldn't be a pseudonym,' Lowe said in an appearance on Kelly Ripa's 'Let's Talk Off Camera' podcast in October 2024. "And we're very much in contact now because we are actively trying to do [the] St. Elmo's Fire sequel." 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 He added that the sequel was 'moving along,' but that it was 'going a little more slowly than [he] would have liked.' 'But that's a good thing because we're trying to find the right writer and the right story. But all of the actors, everybody is on board. Everybody is excited,' Lowe continued. 'I think now, the theme of St. Elmo's Fire today is that it's never too late for happiness. Our kids are out of school and maybe some of us have been divorced and maybe somebody has been falling ill — all the things that you deal with as you get to our ages, this is an opportunity to explore those themes with characters that people know and love. And I think as opposed to just a money run, let's just reboot it because people know the title of it. I actually think there's a lot to be said about why we're doing it. And I'm super excited about it. Hopefully we can pull it off." Rob Lowe, 61, Says Sequel to Iconic '80s Movie Is 'Really Getting Good' first appeared on Parade on Jun 29, 2025 This story was originally reported by Parade on Jun 29, 2025, where it first appeared. Solve the daily Crossword
Fox News
23-07-2025
- Politics
- Fox News
Epstein? Russiagate? What's Real? Andrew McCarthy Weighs In
Andrew McCarthy, Fox News Contributor, former Assistant U.S. Attorney for the Southern District of New York, and author of Ball of Collusion: The Plot to Rig an Election and Destroy a Presidency, joined The Guy Benson Show today to discuss the ongoing saga surrounding Mahmoud Khalil and what the future of the deportation case against him may be. McCarthy also weighed in on Tulsi Gabbard's recent release of information tied to Russiagate, and he weighed in on whether these revelations truly break new ground or could result in criminal exposure for the Obama administration. Plus, Andy offered sharp criticism of the renewed focus on the Epstein files and why he believes revisiting the case ultimately harms Republicans. Listen to the full interview below! Listen to the full interview below: Listen to the full podcast below:
Yahoo
04-07-2025
- Science
- Yahoo
Astrophotographer snaps 'once-in-a-lifetime' shot of solar flare photobombing the ISS
When you buy through links on our articles, Future and its syndication partners may earn a commission. An astrophotographer has captured a stunning shot of a powerful solar flare photobombing the International Space Station (ISS) as the human-inhabited spacecraft appeared to zoom across the surface of our home star. Andrew McCarthy (aka Cosmic Background) snapped the incredible image on June 15 from a spot in the Sonoran Desert in Arizona. He was initially planning to photograph a standard "transit" photo of the ISS passing directly between Earth and the sun. However, as McCarthy was setting up his camera, he noticed that one sunspot — dubbed AR4114 — had begun to "flare to life," he told Live Science. Through a mix of skill and luck, McCarthy snapped the space station as it whizzed almost directly past the flaring sunspot, revealing superhot loops of glowing plasma, or solar prominences, moments before they were flung into space by a powerful explosion. Capturing both objects in a single frame makes this a "once-in-a-lifetime" photo, McCarthy wrote on the social platform X. "Ever since I started chasing ISS [solar] transits, I've dreamed of catching one with an active flare," McCarthy told Live Science in an email. "When I saw the silhouette of the ISS flash through the frame, I knew it was something special." Being separated from the sun by 93 million miles (150 million kilometers) shielded ISS astronauts from any potentially harmful radiation from the flare. This also makes the space station loom large in the photo. But in reality, the prominences were much larger, stretching up to five times wider than Earth's diameter. "Something about the small human elements against the scale and power of the sun feels like an inspiring scene," McCarthy added. Related: 'Never been seen before': First images from new ISS solar telescope reveal subtle 'fluctuations' in sun's outer atmosphere Solar flares are currently exploding from the sun more frequently than usual as the sun nears the end of the most active phase in its roughly 11-year sunspot cycle, known as solar maximum. During this period, magnetic instabilities make it much easier for chunks of plasma to break away from the solar surface. The flare in the new photo is believed to be a powerful M8.46-magnitude blast that triggered a radio blackout across parts of North America as solar radiation temporarily disrupted the sea of plasma within Earth's ionosphere — the region of the atmosphere more than 30 miles (50 kilometers) above our planet's surface, according to Live Science's sister site Some of the plasma within the prominences also broke away from the sun entirely, forming a magnetized cloud of fast-moving particles known as a coronal mass ejection (CME), which glanced off Earth's magnetic field three days later. McCarthy named the new photo "Kardashev Dreams" in honor of Nikolai Kardashev, a Soviet astronomer who famously proposed the Kardashev scale, which measures the technological advancement of a planetary civilization based on the amount of energy it can harness. Photos like these are "a symbol of our first steps into a much larger universe," McCarthy said. Capturing the striking new photo was "much more difficult than I imagined," McCarthy said; to capture the best view of an ISS solar transit, you need to take the photo around midday, when the sun is directly overhead. And when you are taking the photo in the middle of a desert, as McCarthy did, this becomes very challenging, he added. "Large telescopes, like the kind I need to use for these [photos], do NOT handle heat very well," McCarthy said. "Components flex and swell in the heat and currents of air of different temperatures swirl in the tube, making it nigh impossible to focus." Electrical components also start to overheat and shut down, he added. RELATED STORIES —Powerful solar telescope unveils ultra-fine magnetic 'curtains' on the sun's surface —Behold! 1st images of artificial solar eclipse captured by ESA's Proba-3 mission —Bottom of the sun becomes visible to humans for the first time in history (photos) To beat the heat, McCarthy strapped ice packs to the critical components of the camera to stop them from overheating and covered as much of the equipment in reflective foil as possible. "This kept the equipment barely working," he said. Luckily, all the hard work paid off. "This was the type of shot I've been chasing for so long, and I'm thrilled to add it to my portfolio," McCarthy said.
