Earnings of our conventional TV businesses were negatively impacted in the quarter by the Olympic Winter Games, which distorted normal ratings and advertising revenues in all television markets over a two-week period in February. |
Our outlook for the balance of the fiscal year remains cautious as we expect continued softness in our Canadian conventional television business and stable performance from our remaining operations. |
There are some high-growth assets out there that we can purchase and we can purchase using the currency that we have at a reasonably high multiple. |
We will not actively pursue a US acquisition, and that is a significant change from where we were before. |