| 31. | Retail sales in the quarter represented 54 . 8 percent of net revenue.
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| 32. | In the fourth quarter of 1995 compensation expense was 59 percent of net revenue.
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| 33. | This will be a net revenue negative for the Bells.
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| 34. | The net revenue number was up 25 percent from the fourth quarter of 2003.
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| 35. | The total includes net revenue from Univision Radio, which the company acquired in September.
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| 36. | Net revenue increased by 19 percent, to $ 2.5 billion.
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| 37. | Net revenue yields were down 2 . 1 percent compared to a year ago.
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| 38. | Earnings dropped 23.6 percent and net revenue declined 8.5 percent.
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| 39. | Compensation rose to 55 percent of net revenue from 44 percent a year ago.
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| 40. | Sun reported net revenue of $ 2 . 9 billion.
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