text: We have recorded significant amounts of deferred income tax liabilities 
  and current income tax expense, and calculated these amounts based 
  on substantively enacted income tax rates in effect at the relevant time. 
  A legislative change in these rates could have a material impact on the 
  amounts recorded and payable in the future. 
  
  **Channel Placement**
  Unfavourable channel placement could negatively affect the tier status 
  and results of certain channels, 
  including The Shopping Channel, 
  Sportsnet, SportsnetONE, Sportsnet World, and our specialty channels, 
  including Outdoor Life Network, The Biography Channel (Canada), G4 
  Canada, and FX (Canada). 
  
  We have also recorded the benefit of income and other tax positions 
  that are more likely than not of being sustained on examination and are 
  measured at the amount expected to be realized when we have an 
  ultimate settlement with taxation authorities. 
  
  **Migrating from Conventional Media to New Media**
  Our Media business operates in many industries that can be affected by 
  customers migrating from conventional to digital media, which is 
  driving shifts in the quality and accessibility of data and mobile 
  alternatives to conventional media. We have been shifting our focus 
  towards the digital market to limit this risk. Our Media results could be 
  negatively affected if we are unsuccessful 
  in anticipating the shift in 
  advertising dollars from conventional to digital platforms. 