Quarterly report pursuant to Section 13 or 15(d)

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

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IMPAIRMENT OF GOODWILL AND OTHER INDEFINITE-LIVED INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2012
Discounted Cash Flow Method to Calculate Estimated Fair Value of Mastheads, Key Estimates and Assumptions

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, 2011    June 30, 2012

Discount rate

    8.5%    8.5%

Projected revenue growth ranges

    1.5% - 2.50%    1.5% - 2.50%

Royalty growth rate

    3.0%    3.0%
Key Estimates and Assumptions used for Enterprise Valuations

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

 

Enterprise Valuations

    June 30, 2012

Discount rate

    8.5%

Operating profit margin ranges

    1.4% - 7.5%

Long-term revenue growth rate ranges

    1.5%
Percentage within Range by which Enterprise Value Exceeded Carrying Value of Accounting Units, Including Goodwill

The table below presents the percentage within a range by which the enterprise value exceeded the carrying value of our accounting units, including goodwill.

 

     Publishing Accounting units as of June 30, 2012
Percentage Range By Which Enterprise Value Exceeds Carrying Value Including Goodwill 		 
     < 10%      >10% to 20%      >20% to 50%      > than 50%  

Number of accounting units

      —           —           —           -1-   

Enterprise carrying value (in thousands)

    $ —         $ —         $ —         $ -962-