Town Sports International (TSI), New York, saw a drop in revenue but an increase in net income in first quarter 2013, according to financial results the company released on Thursday. TSI's revenue decreased $3.7 million (3 percent) from $122.9 million in first quarter 2012 to $119.1 million in first quarter 2013. Net income, however, increased 9.9 percent to $4.2 million in first quarter 2013 from $3.9 million in first quarter 2012. The company's total member count at the ...

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