Quarterly report pursuant to Section 13 or 15(d)

IMPAIRMENT OF GOODWILL AND OTHER INDEFINITE-LIVED INTANGIBLE ASSETS (Tables)

v2.4.0.8
IMPAIRMENT OF GOODWILL AND OTHER INDEFINITE-LIVED INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value of Mastheads Calculated by Discounted Cash Flow Method

Under the income approach, we utilize a discounted cash flow method to calculate the estimated fair value of our mastheads, the key estimates and assumptions to which are as follows:

 

Mastheads

   December 31, 2012    June 30, 2013

Discount rate

   8.5%    9.0%

Projected revenue growth ranges

   1.5% - 3.0%    1.0% - 2.8%

Royalty growth rate

   3.0%    3.0%
Enterprise Valuation
 
Key Estimates and Assumptions Used for Valuations

The key estimates and assumptions used for our enterprise valuations are as follows:

 

Enterprise Valuations

   June 30, 2013

Discount rate

   9.0%

Operating profit margin ranges

   0.9% - 6.0%

Long-term revenue growth rate ranges

   1.0% - 2.8%