THE CANADIAN PRESS

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HALIFAX, N.S. - Television producer DHX Media Ltd. (TSX:DHX) said Monday it earned $530,000 in its latest quarter, up from a year ago, as the company worked to complete its deal with Entertainment One Ltd.

"By continuing to secure and deliver new series we are realizing our strategy of

organic growth and aggregation of children's' content," DHX Media chairman and chief executive Michael Donovan said in a statement.

"Our significant growth also serves the rights content aggregation strategy of Entertainment One where the business will benefit from the distribution of our growing number of children's' series on additional platforms, including home entertainment DVDs."

DHX said the profit amounted to a penny per share for the three months ended Sept. 30 compared with a profit of $374,000 or a penny per share a year ago.

Revenue in the quarter totalled $17 million, up from $10.7 million.

In September, DHX agreed to a reverse takeover by Entertainment One in a deal that valued DHX at about $68 million and is expected to give the Halifax company a broader access to the U.S. market for its children's TV programs.

The combined company will have a library of 4,000 half-hours of television content and 3,700 films, with revenue of about $665 million.

Under the deal, Entertainment One shareholders will own between 79 and 83 per cent of the enlarged company, depending on how much cash DHX investors opt for.

DHX Media operates through production companies Decode Entertainment, Halifax Film and Studio B Productions.