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## Balmur Corus Music 

Effective July 20, 2000, the Company paid $3,500,000 for its 50% interest in Balmur Corus Music (“BCM”), a joint venture. BCM will focus on developing opportunities in the country music entertainment business in Canada and the United States. 

## Metromedia CMR Broadcasting Inc. 

Effective August 30, 2000, the Company acquired 29.9% of the outstanding shares of Belcand Mount Royal Holdings Inc., the parent holding company of Metromedia CMR Broadcasting Inc. (“Metromedia”), for $39,474,000 in cash, and entered into an agreement to acquire the remaining 70.1% for approximately $125,500,000 in cash plus the assumption of $20,000,000 in debt subject to a number of conditions, including obtaining CRTC approval. 

## 6. CAPITAL ASSETS 

<img src='content_image/41224.jpg'>

Depreciation provided in the accounts on capital assets amounted to $8,995,000 (1999 – $6,023,000; 1998 – $5,203,000). 

