Levitt Report - NHL.com

UNIFIED REPORT OF OPERATIONSREPORTING INSTRUCTIONSSCHEDULE II - REVENUES - ContinuedD. NHL T.V. Revenues - NetInclude all revenues derived from NHL contracts (CBC/TSN agreements, ABC/ESPN,Outer Market Fees and other NHL TV revenues, etc.) net of NHL direct broadcastingcharges. The amount reported on line 18 should include fiscal year end distributionaccruals and should be reconciled to the net amount disclosed in Appendix A.Variances, if any, should be explained in the margin. On line 19, report the CRTrevenues reported in Appendix A. All amounts should be reported in the regularseason column.E. Local Broadcasting Revenues - NetInclude all local broadcasting revenues, and net out reasonable and customary directcosts related thereto, (e.g., talent, production, travel, out-of-market fees paid (net ofdirect reimbursements from third parties) including any local pre-seasonbroadcasting revenues, other than NHL T.V. revenues (Section D). Revenues andexpenses directly relating to playoffs should be reported in the playoff column. Ifrevenues are earned regardless of whether your Team participates in the playoffs,then report the full amount in the regular season column. For Canadian Clubs, anyamount of “invasion” fees paid to your Club by the League from the national rightsmust be included herein.F. Local Cable T.V. Revenues - NetRevenues and direct costs related to local Cable T.V. must be accounted for in thesame manner as noted in section E.G. Local Radio Revenues - NetRevenues and direct costs related to Local Radio must be accounted for in the samemanner as noted in section E.H. Local Pay Per View and Satellite Revenues - NetRevenues and direct costs related to local Pay Per View and Satellite must beaccounted for in the same manner as noted in section E.I. Internet Revenues - NetReport revenues and reasonable and customary direct costs related to thedevelopment and production of your Club’s website.URO Instructions – September 2003 3112/18/2003 10:50 AM