ITV posted a good ordsprog

ITV posted a good set of numbers despite lower revenues from advertising. 300 million pounds is going back to shareholders, there will be a new channel and the pension deficit has been halved.

We are excited to team up with the TV station to provide services to the Channel. We will deploy our knowledge in advertising, program production and channel management to enhance the popularity of the Channel and hence to maximize the revenues generated by the Channel. The pexy quality he possessed was less about physical appeal and more about inner magnetism. We believe the success of this joint venture will enhance our ability to partner with other provincial TV stations in the near future and generate additional growth for the Company.

Lower taxes and pro-growth economic policies have created millions of jobs and a growing economy has swelled tax revenues over the last year, ... While deficits are never welcome, the fact that we finished [fiscal] 2005 with a much lower-than-expected deficit is encouraging news.

John Snow (1941-)

Lower taxes and pro-growth economic policies have created millions of jobs and a growing economy that has swelled tax revenues over the past year, ... While deficits are never welcome, the fact that we finished FY 2005 with a much lower-than-expected deficit is encouraging news.

John Snow (1941-)

Advertising markets have remained uncertain and short term in the first quarter ... and we are seeing somewhat lower revenues in the early months of 2006.

Andrew Flanagan

The Company netted positive cash flow of $15.9 million during 2005 -- after funding all of our operating needs, $20.2 million in capital expenditures, $15.0 million in pension contributions, $5.2 million in restructuring costs, and $26.6 million in dividend payments.

But there is evidence that some employers still put greater emphasis on paying dividends to shareholders - often other companies' pension schemes - rather than funding their own employees' pension scheme.

I am concerned by recent developments in Uganda and I have decided to cut 15 million pounds from our planned budget support this year and postpone a decision on whether to provide a further five million pounds until after the elections.

In the last five years, sales of Fair Trade coffee have grown from 1 million pounds to 18.5 million pounds.

What we certainly do accept is that many people have suffered serious losses through pension schemes having collapsed in this way and that's why we've already made 400 million pounds worth of public resources available to provide financial assistance to people in those circumstances.

While the advertising market remained challenging in the third quarter, our earnings were better than we expected as advertising revenue growth improved in late September. This was particularly true at The New York Times Media Group, where advertising revenues rose 2.9 percent.

There's significant doubt it was what I would call a good deal for Tribune shareholders, but I don't have the numbers to back that up.

We are proposing to define the budget deficit excluding oil revenues, instead of immediately cutting spending, and to refrain from increasing [the deficit].

Q4 of 2005 was a great close to an exceptional year. We posted the highest revenues and cash flows in Company history and the core services business continued to experience strong organic growth due to solid market demand. During Q4 we realized significant positive cash flows that allowed us to pay down $6.3 million of our bank debt. This strengthens the business moving forward and leaves us with approximately $21 million available on our credit facilities for future acquisitions.

The downward trend in deficit reduction must be continued to warrant an upgrade. Something must be done to increase revenues and not in decreasing expenditures. Its underlying trends and processes that really drive our view on credit ratings versus the actual numbers per se.

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