HALIFAX -- DHX Media Ltd. (DHXb.TO) says it has launched a review of strategic alternatives including the possible sale of all or part of the company.

The children's entertainment company says it has formed a special committee of independent directors to consider and evaluate its various options.

The company says its board has not set a timetable for the process nor has it made any decisions related to any alternatives.

It noted that there could be no assurance that the review will result in a transaction.

Shares in DHX were hammered last week after the company reported disappointing financial results.

DHX signed a deal earlier this year to add the Peanuts and Strawberry Shortcake brands to its other properties, which include rights to the Teletubbies, Inspector Gadget and Degrassi.