Leonard Asperis a Canadian businessperson, entrepreneur and lawyer. He is a graduate of Brandeis University and the University of Toronto Law School, and is a member of the Ontario Bar Association and The Law Society of Upper Canada... (wikipedia)
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.
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.
We will not actively pursue a US acquisition, and that is a significant change from where we were before.
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.