2010 Annual Report – Interactive Version

Performance
Local Radio Is The Difference
Letter to Shareholders
Our Presence
Our CCD commitments
Scorecard and Investment Highlights
Focus on Western Region
Focus on Central Region
Focus on Eastern Region
Management's Discussion and Analysis
Management's Responsibility for Financial Information
Independent Auditors Report
Consolidated Financial Statements
Notes to the Consolidated financial Statements
Assets at a Glance
Board of Directors
Corporate Governance
Corporate Information

(a) Share repurchases

Subsequent to year end, the Company received approval under a Normal Course Issuer Bid to repurchase up to 1,388,072 Class Ashares and 75,434 Class B shares. This bid expires February 8, 2012. On February 15, 2011 the Company repurchased 1,388,072 Class A shares pursuant to this Normal Course Issuer Bid for $8,745,000.

(b) CCD commitment

Subsequent to year end, the Company converted one of its AM stations to FM. Upon the launch of the station, the Company became obligated for additional CCD commitments of $35,000 that will be payable over the next seven years.