Integration costs only include costs directly related to the acquisition which are incre- mental to the Company and were identified at the time of the acquisition. Generally, integration costs include costs for workforce reductions identified at acquisition. 

## (a) Blackburn Broadcasting 

Effective September 1, 1999, the Company acquired London, Ontario radio stations CFPL-AM, CFPL-FM and CFHK-FM (“Blackburn Broadcasting”) for $41,606,000 plus a settlement deposit of $403,000. 

## (b) Power Broadcasting Inc. 

Effective March 31, 2000, the Company acquired 17 radio stations and four television stations in the provinces of Ontario and Quebec of Power Broadcasting Inc. for $24,146,000 plus redeemable preference shares of $90,150,000. The redeemable preference shares were redeemed for cash on July 17, 2000. 

## (c) WIC Western International Communications Ltd. (“WIC”) 

Effective July 6, 2000, the Company received CRTC approval to complete the acquisi- tion of the radio broadcasting stations, certain pay and specialty television undertakings and certain other related assets of WIC for a total consideration after integration costs of $342,280,000, of which $199,856,000 was satisfied through the issuance of 7,125,000 Class B Non-Voting Shares of the Company at a price of $28.05 per share and the balance in cash. This transaction was undertaken in two steps. First, Corus sold its interest in WIC to CanWest Global Communications Corp. (“CanWest”) for a cash purchase price of $424,770,000. Corus then acquired the shares of United Broadcast Sales Ltd. and WIC Premium Corporation which included (i) the radio broadcasting stations formerly owned by WIC Radio Ltd. and (ii) the pay and specialty undertakings formerly owned by WIC Premium Television Ltd. The Class B Non-Voting Shares of the Company issued to a subsidiary of CanWest were subse- quently sold to the Liberty Media Group for $199,856,000. These shares represent approximately 19% of the outstanding Class B Non-Voting Shares of the Company. The transaction closed on March 31, 2000 and the assets were being managed under a trust agreement until CRTC approval was granted. 

The CRTC did not grant Corus the right to acquire WIC’s 50% ownership in The Family Channel Inc. and its direct 40% ownership interest in TELETOON Canada Inc. Accordingly, these investments have been accounted for at cost. 

## (d) Proforma information – unaudited 

If the acquisitions completed during the year ended August 31, 2000 had occurred on September 1, 1999, the Company’s unaudited proforma consolidated revenues, net 

