CHUM LIMITED ANNOUNCES FOURTH QUARTER & 2005 YEAR-END RESULTS Fiscal 2005 year-end highlights: Revenue up 12%, EBITDA up 26%, Television EBITDA up 26%, Radio EBITDA up 17%, Cash flow from operations up 41% CNW CHUM Limited announces the following review and analysis of the Company's operations and financial position for the three months and year ended August 31, 2005.
Certain statements contained in this press release, and the documents incorporated herein by reference, contain forward-looking statements that reflect management's expectations regarding future growth, results of operations, performance, business prospects and opportunities of CHUM Limited and its subsidiaries and, as appropriate, joint ventures, if any, to which it is a party and entities in which it has an investment accounted for by the equity method (the "Company" or "CHUM"). Wherever possible, words such as "anticipate", "believe", "expect", "intend" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve significant risk, uncertainties and assumptions. A number of factors, including those discussed herein under the heading "Risk Factors" below, could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. You should consider these factors carefully and you should not place undue reliance on the forward-looking statements. Although management believes, or believed at the time, that the forward-looking statements contained in this press release, and the documents incorporated herein by reference, are based upon reasonable assumptions, CHUM cannot assure you that actual results will be consistent with these forward-looking statements and neither CHUM nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. Unless otherwise required by applicable laws, CHUM assumes no obligation to update or revise any such forward-looking statements to reflect new events or circumstances.
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