This excerpt taken from the WBMD 8-K filed Nov 23, 2009.
WebMDs 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
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: