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This excerpt taken from the CVC 8-K filed Oct 10, 2008. Revenue
Recognition—The Group’s primary sources of revenue are from
the sales of advertising space in published issues of its newspapers,
magazines, shopper guides and on interactive websites owned by the Group;
distribution of preprinted advertising inserts in its newspapers; and sales of
newspapers to distributors and individual subscribers. Publication advertising
revenue is recorded, net of agency commissions, when advertisements are
published. Website advertising revenue is
6
NEWSDAY MEDIA GROUP
recognized ratably over the contract period or as services are delivered, as appropriate. The Group records rebates throughout the year as a reduction to advertising revenue based upon contract performance. Proceeds from publication subscriptions are deferred and are included in revenue on a pro-rata basis over the term of the subscriptions.
This excerpt taken from the CVC 10-K filed Mar 16, 2005. Revenue Recognition The Company recognizes cable television, high-speed data, Voice over Internet Protocol, and telephony revenues as the services are provided to subscribers. Installation revenue for our video, consumer high-speed data and Voice over Internet Protocol services is recognized as installations are completed, as direct selling costs have exceeded this revenue in all periods reported. The Company classifies amounts billed to our customers for local franchise fees as a component of revenue. Our programming businesses recognize affiliate fees from cable and satellite providers as the programming is provided. Advertising revenues are recognized when commercials are telecast. In some situations, our programming businesses guarantee certain viewer ratings for their programming. For these types of transactions, a portion of such revenue is deferred if the guaranteed viewer ratings are not met and is subsequently recognized by providing additional advertising time. Revenues derived from other sources are recognized when services are provided or events occur. | EXCERPTS ON THIS PAGE:
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