MEG » Topics » Use of estimates

These excerpts taken from the MEG 10-K filed Feb 25, 2009.

Use of estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company re-evaluates its estimates on an ongoing basis. Actual results could differ from those estimates.

Use of estimates

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company re-evaluates its estimates on an ongoing basis. Actual results could differ from those estimates.

STYLE="margin-top:18px;margin-bottom:0px">Presentation

Certain prior-year financial
information has been reclassified to conform with the current year’s presentation.

These excerpts taken from the MEG 10-K filed Feb 27, 2008.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results inevitably will differ from those estimates and such differences may be material to the financial statements.

Use of Estimates

The preparation of financial
statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results
inevitably will differ from those estimates and such differences may be material to the financial statements.

Collective Bargaining Arrangements

At December 30, 2007, the Company had approximately 659 hourly and 163 salaried employees. Approximately 224 hourly employees at the Company’s
Newberg, Oregon mill are represented by the Association of Western Pulp and Paper Workers (the Union). The existing agreement with the Union expires on March 31, 2008.

FACE="Times New Roman" SIZE="2">Cash

The carrying amounts reported in the balance sheet for cash approximates its fair value.

STYLE="margin-top:18px;margin-bottom:0px">Inventories

Inventories at year-end consisted of the following (in
thousands):

 










































































   December 30,
2007
  December 31,
2006

Old newspapers

  $5,751  $5,095

Materials and supplies

   26,296   25,685

Finished goods

   5,369   3,889

Other

   1,192   601
        
  $38,608  $35,270
        

Old newspapers (ONP), materials and supplies, and finished goods are valued at the lower of moving average cost or
net realizable value. Other inventories are valued at the lower of first-in, first-out cost or net realizable value.

ONP is the primary fiber source
utilized by the Company in producing newsprint. As with newsprint, ONP costs are highly cyclical and subject to significant change. To help ensure an adequate supply of ONP, the Company operates recycling centers that procure a material portion of
its ONP requirements.

 


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Table of Contents


Use of estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company re-evaluates its estimates on an ongoing basis. Actual results could differ from those estimates.

This excerpt taken from the MEG 10-K filed Feb 27, 2007.

Use of estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company reevaluates its estimates on an ongoing basis. Actual results could differ from those estimates.

This excerpt taken from the MEG 8-K filed Jun 21, 2006.

Use of estimates

The preparation of the combined statement of assets acquired and liabilities assumed and combined statement of revenues and direct operating expenses in conformity with the Agreement and United States generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts and related disclosures. Actual results could differ from those estimates.

 

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Table of Contents

NBC UNIVERSAL, INC.

(CERTAIN TELEVISION STATIONS OF NBC UNIVERSAL)

NOTES TO COMBINED STATEMENT OF ASSETS ACQUIRED AND LIABILITIES ASSUMED AND

COMBINED STATEMENT OF REVENUES AND DIRECT OPERATING EXPENSES

 

(3) Related party transactions
This excerpt taken from the MEG 10-K filed Feb 23, 2006.

Use of estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company reevaluates its estimates on an ongoing basis. Actual results could differ from those estimates.

 

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Gatehouse Media (GHS)
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