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This excerpt taken from the WBMD 8-K filed Nov 23, 2009. WebMD’s
Little Blue Book Print Directory Business
In March 2009, WebMD decided to divest LBB. As a result, the
historical financial information for LBB has been reflected as
discontinued operations in the accompanying consolidated
financial statements. During the three months ended
June 30, 2009, the Company recorded an impairment charge of
$8,300 to reduce the carrying value of LBB to its current
estimated fair value. On September 30, 2009, the Company
completed the
Table of Contents
HLTH
CORPORATION
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
sale of LBB in which it received cash proceeds of $2,590 and
recognized a pre-tax gain of $27. Summarized operating results
for the discontinued operations of LBB and the gain recognized
on the sale are as follows:
The major classes of assets and liabilities of LBB as of
December 31, 2008 were as follows:
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