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Rawnoc

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Rawnoc

Re: jobynimble post# 56065

Sunday, 07/11/2010 12:56:38 PM

Sunday, July 11, 2010 12:56:38 PM

Post# of 312015
The media credits are an OFF BALANCE sheet asset now.

They still exist.
They are still valuable.
They will still be used.

They were clearly written off entirely to remove any doubt whatsoever. I applaud that move because as I've been saying since DAY ONE they had to be written off in 2010 anyway and would make 2010 earnings look far worse as 2010 would have $10 million in writeoffs instead of 2009. Now that they were written off in 2009, 2010 earnings will be unaffected.

BOOYAH!!!
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