Earnings: Macrovision Swings To Loss On Writedowns For TV Guide
This story was written by David Kaplan.
Macrovision (NSDQ: MVSN) posted a $209.9 million ($2.06 per share) GAAP net loss in Q4versus $9.2 million in profits the year before. That loss is tied to $208.3 million in impairment charges related to the goodwill and intangible assets of TV Guide Network, TVG Network and TV Guide Online, all of which are classified as discontinued operations. The Santa Clara,CA.-based licensing and distribution company had solid revenue growth, as revs more than doubled to $118.2 million, from Q407's $41.9 million. More to come
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By David Kaplan