smart error

[Aaron Konstam <akonstam sbcglobal net>]

When launching smart I get this error:

error: While using /etc/smart/channels/livna.channel: Base URL (baseurl) is a needed field for 'rpm-md' channels

What does it mean?

Below is the livna channel:
/etc/smart/channels/livna.channel

[livna]
name=Livna for Fedora Core $releasever - $basearch - Base
baseurl=
	http://rpm.livna.org/fedora/$releasever/$basearch/
type=rpm-md
failovermethod=priority
#mirrorlist=http://rpm.livna.org/mirrorlist-5