The Vancouver Sun from Vancouver, British Columbia, Canada • 50

D12 THE VANCOUVER SUN, ERIDAY, AUGUST 3, 2001 BUSINESS Conditions mirror plan, CanWest Global says Separate newsrooms were in the works all along, network president reports sion's conditions suit it fine, since it closely parallels its own proposal to the CRTC. "It means that we'll keep separate newsrooms," Global TV president Gerry Noble said. "There will still be an editor for The Province and a newsroom for The Province, an editor and a newsroom at The Vancouver Sun, producers for TV operations for BCTV and for CHEK-TV. "We had planned all along to keep our newsrooms separated." "What we hope to do is use the combined assets within the groups to create new and more diverse content for our viewers and our readers. This decision empire are not allowed to communicate.

Global and CTV hinted that if the CRTC imposed anything on them similar to the Quebecor code, they would launch a court challenge. CanWest Global officials said that newspaper and TV reporters including those in Vancouver should be able to produce more stories for each other's news operations in future under the CRTC-imposed conditions. CanWest said the commis From Dl ming in prime time (7-11 p.m.) The CRTC renewed the licences of both networks on condition they keep separate management teams running their TV and newspaper newsrooms. The condition on Global and CTV to maintain separate newsrooms from their newspapers is less restrictive than a self-imposed code in Quebec, where newspaper and TV newsroom personnel in the Quebecor allows us to do that" Pacific Newspaper Group publisher and president Dennis Skul-sky said the decision has cleared the way for more cooperation between the newspapers and BCTV. Newspaper and TV newsrooms already exchange information to make sure they're not missing major stories and BCTV late-evening newscasts are used to promote the next days' newspapers.

Skulsky said he expects the two groups to take on more special projects, such as a series of stories on school-ground bullying on which The Province and BCTV cooperated. As well, using one reporter to cover routine news events for several outlets could free resources to improve the newspapers' coverage of Greater Vancouver's suburbs and Vancouver Island, he added. The CRTC noted "Global's level of cross-media ownership is particularly high in VancouverVictoria." The CRTC said media cross-ownership "could potentially lead to the complete integration of the owner's TV and newspaper news operations," resulting in "a reduction of the diversity of the information presented to the public and of the diversity of distinct editorial voices." Also in the decision, the CRTC turned down Global's application to scrap broadcast advertising limits during prime-time hours to better conform with the larger commercial slots available in simulcast U.S. shows. CTV and much of the advertising industry opposed changing the current regulation from 12 to 14 minutes, a move Global said could generate up to $5 million more revenue annually.

Noble said Global will "seek changes" to the prime-time commercial restriction. "It is our belief that in the current TV environment, it is no longer necessary to regulate advertising limits," he said. CTV president Trina McQueen called the CRTC ruling "fair and rigorous." She said CTV would have preferred a voluntary policy on how the network interacts with The Globe and Mail but would work toward an industry-wide code under the Standards Council. The ruling will give Vancouver TV station VTV, which is joining the CTV network this fall, access to TV markets in the B.C. Interior.

Until now, BCTV has been the only Vancouver station with a significant presence in smalltown B.C. The commission authorized Interior cable-TV stations to pick up VTV's signal this fall, giving viewers there unbroken access to CTV programming. BCTV's signal will continue to be available in the Interior, but instead of CTV content, it will provide Global programs to markets that haven't seen them before. The CRTC ordered Interior cable operators to "cover" VTVs non-national commercials with local content to protect smalltown stations from losing regional advertising to big-city statioa It also told BCTV to continue to cover such advertising on its Interior rebroadcasting facilities. The station threatened to stop covering its regional ads if VTV was given competing access to Interior markets.

"We can live with that," Noble said. "I'd rather my ads were shown there but I understand the situation of the local broadcasters and we're happy to assist by deleting our non-national ads. "The fact that CTV has to play by the same rules is semi-okay. It's not ideal but it's something that we will live with." With files from William Boei July detached housing sales Change from last Average sale Change from Median sale Change from Units Disney revenue flat but profit up sold month price last year price last year Burnaby North 79 8 $367,600 $36,700 $335,000 $28,000 Bumaby South 44 -7 $346,500 $321,500 Coquitlam 136 -27 $309,100 $25,900 $285,000 $13,000 Delta South 58 -7 $310,700 $275,000 Maple RidgePitt Meadows 125 -16 $232,300 $14,700 $226,692 $7,692 New Westminster 35 -2 $257,000 $2,000 $251,000 $26,000 North Vancouver 90 -38 $407,000 $19,700 $374,500 $19,500 Port Coquitlam 52 -24 $271,000 $36,700 $247,000 $22,000 Port Moody 21 -2 $340,500 $27,600 $335,000 Richmond 183 23 $330,600 $5,200 $292,000 $4,500 Squamlsh 14 -5 $225,900 $28,600 Sunshine Coast 64 9 $197,100 $2,800 $169,900 $13,400 Vancouver East 261 -8 $307,300 $280,000 $8,000 Vancouver West 161 -28 $659,000 $561,000 1 $39,000 West Vancouver 50 -26 $754,200 $40,200 $54 5,000 $105,000 Abbotsford ,104 -36 $201,000 $187,000 Langley 97 -33 $244,000 $11,100 $239,900 $9,900 North Delta 73 1 $231,500 $228,000 $3,000 Surrey 317 -21 $255,300 $245,000 $15,000 downturns." Executives also said initiatives, such as the purchase of Fox Family Worldwide for $3 billion in cash and the assumption of $2.3 billion in debt, will reap profits in 2002. Analysts said Disney should be commended for belt-tightening, but, like other media companies, will continue to suffer in the short term, especially from a weakening ad market Associated Press Executives said cost-cutting measures, including the elimination of 4,000 jobs, will lead to improved performance once the economy picks improves.

"The third quarter says plenty about our company," Disney chair and CEO Michael Eisner said during a conference call with analysts. "We had solid earnings and strong cash flow despite sluggishness in the economy. We can achieve stable performance during economic Source: Real Estate Board of Greater Vancouver MLS Note: Median sale price reported if there are 20 or more sales BURBANK, Calif. Walt Disney Co. posted an 8.6-per-cent rise in third-quarter profits, although revenue was basically flat.

The company cited soft advertising revenue at its ABC Television network and cable channels and a decline in attendance at its theme parks. However, the results beat Wall Street expectations. The world's second-largest media company earned $392 million US, or 19 cents per share, compared with $361 million, or 21 cents per share, in the year-ago period. Revenue for the quarter ended June 30 was $5.98 billion, down slightly from $6.05 billion in the year-earlier period. Earnings excluding one-time charges were $479 million, or 23 cents per share, compared with $405 million, or 19 cents per share in the same period last year.

The results beat expectations of analysts surveyed by ThomsonFirst Call, who had been expecting earnings of 21 cents per share. Forbes product in supplement Buyer gets more in Richmond Forbes Medi-Tech Inc. says Twinlab Corp. has introduced the first cholesterol-lowering dietary supplement available as pills or chewable wafers. The supplements contain Forbes' proprietary plant sterol-based ingredient Phytrol, which is marketed under the brand name Reducol.

Twinlab, based in Hauppage, N.Y, plans to begin shipping the supplement to retail outlets this month under the brand name Cholesterol Success. Reducol is exclusively licensed worldwide to Novartis Consumer Health SA for use as a functional food ingredient, dietary supplement and inclusion in certain over-the-counter products. The ingredient is sub- licensed to Twinlab for use in its dietary supplement Reducol works by inhibiting the absorption of cholesterol in the small intestines. Vancouver Sun room and multi garage." Realtor Patsy Hui said properties in greatest demand in Richmond are detached homes priced between $250,000 and $350,000, townhouses in the $200,000 vicinity and condos from $150,000 to $200,000. "We're getting a lot of young, first-time purchasers, while a few investors are getting back into the market," said Hui, of ReMax Westcoast Realty, who is already on pace to exceed her 2000 sales volume of about $20 million.

"They're mostly local buyers, but a few are new immigrants from China and Hong Kong." In the Fraser Valley, 1,258 sales of detached homes, townhouses and condos were processed through MLS, up 43 per cent from 881 units the previous year. wchowpacpressjouthamxa From D7 new detached homes exceeding $1 million, Anderson noted. "People get a lot more for their money," she said. "On Vancouver's west side, an old, small bungalow in the Dunbar area can cost you $500,000. For $400,000 to $500,000 in Richmond, you can get a 10-year-old house with four or five bedrooms, a den, rec SraM SpaM ft In Om SraM I (IMS) Om Ml S2k (M CH Mtjli te Vol I (IOCS) rut Bat SM CH Hit lew MM CH wt uw Vol (100s) Ret Stat SM CH Wo taw (100s) 1 13.00 13.00 185 15 1170 1170 19.70 20.00 1100 OuerxrWMrio KJW 2031 41.60 40.70 41.340.41 42.00 32.00 OuebcrWltt IQW.PPJl 10 22.50 22.50 22.50 -110 23i0 21.00 QueotrWd (QW.PttB 59 14.98 24.75 24.90123 2550 2470 QueenSX 0 43 lit 100 100 1195 106 1400 14.00 14.00 1400 IUS 2550 2440 '2120 411 2160 1180 DOJCdntrp HY1UN DigtlWrMp DWT.UN Draylonunp DVA.UN EnrgSgp S4F.U94 EnerplusFdpfK ERF.UN EnerVstunp DT.UN YL0 T10.PIU Y10.PR.8 STN SRR STU SI SCf SMC 112 HI 110 401 192 110 SpttYieWri SpltVMlpf SpftVWpf Stantec Suites StetaiAp SteRatonesp SlerKntr SlormEgy Stratos tTrilKHtmhu TZH 8003 29.00 27.5 2190040 29.00 2110 TraianTedl TUV 219 190 950 190131 UN 420 TrHCaN TU 17 140 Ut UK41I 135 US Tudor TOR 165 165 0.65115 040 140 TundraSem TUN 495 1110 1500 11450.05 TIN 14-00 Tartf4M TO) Ul 645445 UN 13S TwinMinj TWG 1385 156 150 155101 180 130 UTSEnrg UTS 195 115 1J2 U2 403 2.00 161 UttraPetl UP 450 IM 756 7.901115 11.48 245 UniSelect UNS 159 14.2$ 1340 1425130 145 745 37 6 1140 450 I 165 645 43 Hit 1185 1185 430 2249 18.00 7 IN IN 1640 740 125 44S 445 445 104 1.5 81 1250 12.40 12.450.05 115 UN 1264 2105 215 2195110 3246 388 145 135 740 SJ0 II 150 950 950105 195 754 56 26.40 26.00 26.00 425 2840 245 69 2340 2356 U5 423 2750 22J 263 IN 845 19)1M lilt 740 27 UN 2255 2255120 28.00 UN 137 UN 1139 1135045 115 1155 FCUN 477 2-25 181 15 461 2-25 040 130 1050 45114 7.45 240 2-25 445 115 2.02 180 145 165 950125 12.00 IN ION 1225 7.N 15429 IN 4N IN 420 29.00 15 Rtot I 102.00 102.00 102.00 450 10150100.00 107 32.70 31.9S 32.7013$ 32.70 19.75 23 14S 145 145 404 170 120 14 2.10 110 2.10 2JS LIS 01 SJS 100 5.01 -124 12-25 440 177 111 4 155 117 114 HI 114103 131 HI FPLUN FPU.

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