Look shrinks in Q1, likes AWS auction rules

TORONTO and MONTREAL - Look Communications revenue and EBITDA dropped in the first quarter of fiscal 2008, ended November 30, 2007. Financial highlights for the first quarter ended November 30, 2007 included the following: * Gross revenues for the quarter ended November 30, 2007 were $5.4 million compared to $6.6 million for the quarter ended November 30, 2006; * Operating expenses decreased $0.3 million or 6.5% to $4.5 million for the quarter ended November 30, 2007 (quarter ended November 30, 2006 - $4.8 million); * EBITDA for the quarter ended November 30, 2007 was negative $0.5 million compared to EBITDA...