72 HIGHLIGHTS FOR FISCAL 2000 Operations • Revenue from operations increased by 41% to $229 million in 2000. • Income before interest, taxes, depreciation and amortization (EBITDA) increased by 33.4% to 65.5 million in 2000. • Operating margins were 28.6% compared to 30.2% in 1999. • The cumulative weekly audience for Corus radio stations increased from 2.7 million listeners to 6.9 million, an increase of 155%. • The number of subscribers to Treehouse TV increased to approximately 4.7 million,  an increase of 10%. Financial • Liberty Media acquired 7,125,000 Class B shares on March 31 for $199 million as part of the purchase of assets by the Company from WIC. • The sale of shares in Liberty Digital Inc. and CTV Inc. generated a pre-tax gain of $187 million. Acquisitions/Divestitures • Seventeen radio and four television stations were acquired in Ontario and Quebec from Power Broadcasting Inc. for $114 million. • The 48% ownership position in Headline Sports was sold to Alliance Atlantis Communications for a pretax gain of $11.3 million. • On March 31 we completed the purchase of the radio and pay-television assets from WIC. • We entered into a joint marketing agreement with the Canadian Broadcasting Corporation to provide Digital Music. • We acquired a 29.9% interest in Belcand Mount Royal Holdings Inc., which indirectly owns five radio stations in Montreal and one in the Laurentians, and entered into an agreement to acquire the remaining 70.1% interest subject to CRTC approval.