Exhibit 2

Coalition of Small Market Independent Television Stations (SMITS)
Aggregate Financial Information - 21 Stations - ($000s)

  Local Time Sales

22,153

23,301

23,345

22,205

21,885

21,253

  National Time Sales

24,338

24,488

25,892

23,896

23,432

24,185

  LPIF Received

15,344

15,082

  Network Payments

21,916

20,838

21,438

20,286

18,378

18,853

  Infomercials

1,063

722

655

748

671

660

  Syndication/Production

1,425

1,329

1,383

1,189

1,034

1,099

  Other

6,612

7,324

7,123

8,719

8,912

10,018

Total  Revenue

77,506

78,002

79,836

77,042

89,732

91,150

  Program & Production

25,945

25,936

27,214

28,137

29,259

32,271

  Technical

4,494

4,389

5,111

5,314

5,463

5,621

  Sales & Promo

13,024

13,443

14,353

14,438

13,759

13,643

  Admin & General

17,654

17,119

17,283

16,358

16,978

17,531

Total Operating Expenses

61,116

60,886

63,961

64,246

65,459

69,066

  Depreciation

4,915

4,938

4,284

3,995

3,725

3,882

 PBIT 

11,475

12,178

11,591

8,800

20,548

18,202

 PBIT Margin (%)

14.8%

15.6%

14.5%

11.4%

22.9%

20.0%

 PBIT (minus LPIF) Margin (%)

14.8%

15.6%

14.5%

11.4%

7.0%

4.1%

Small Market Local Programming Fund (SMLPF) and Local Programming Improvement Fund (LPIF) Funding

SMLPF

6,107

6,774

7,814

8,450*

9,085

9,944

LPIF

15,344

15,082

Total Funding Received

6,107

6,774

7,814

8,450*

24,429

25,025

Total Funding as a %
of Total Revenue

7.9%

8.7%

9.8%

11.0%

27.2%

27.5%

Source: CRTC Financial Database System, Canadian Association of Broadcasters annual report for the Small Market Local Programming Improvement Fund (SMLPF)

Note: For 2009, SMLPF data is not available. Figure is an average of 2008 and 2010 SMLPF Distributions.

SMITS = "Small Market Independent Television Stations"

The following stations are included: 

CFEM-DT

Rouyn-Noranda

CHEX-TV-2

Oshawa

CFTK-TV

Terrace

CKPR-DT

Thunder Bay

CFGS-DT

Gatineau

CHFD-DT

Thunder Bay

CFVS-DT

Val d'Or

CKRN-DT

Rouyn

CFJC-TV

Kamloops

CHOT-DT

Gatineau

CHAT-TV

Medicine Hat

CKSA-DT

Lloydminster

CHEX-TV

Peterborough

CIMT-DT

Rivière-du-Loup

CHAU-DT

Carleton

CKPG-TV

Prince George

CITL-DT

Lloydminster

CKRT-DT

Rivière-du-Loup

CJDC-TV

Dawson Creek

CFTF-DT

Rivière-du-Loup

CKWS-TV

Kingston

Source: CRTC Financial Database System, Canadian Association of Broadcasters annual report for the Small Market Local Programming Improvement Fund (SMLPF)

Note: For 2009, SMLPF data is not available. Figure is an average of 2008 and 2010 SMLPF Distributions.

SMITS = "Small Market Independent Television Stations"

The following stations are included: 

CFEM-DT

Rouyn-Noranda

CHEX-TV-2

Oshawa

CFTK-TV

Terrace

CKPR-DT

Thunder Bay

CFGS-DT

Gatineau

CHFD-DT

Thunder Bay

CFVS-DT

Val d'Or

CKRN-DT

Rouyn

CFJC-TV

Kamloops

CHOT-DT

Gatineau

CHAT-TV

Medicine Hat

CKSA-DT

Lloydminster

CHEX-TV

Peterborough

CIMT-DT

Rivière-du-Loup

CHAU-DT

Carleton

CKPG-TV

Prince George

CITL-DT

Lloydminster

CKRT-DT

Rivière-du-Loup

CJDC-TV

Dawson Creek

CFTF-DT

Rivière-du-Loup

CKWS-TV

Kingston