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Discontinued operations (Tables)
6 Months Ended
Jun. 30, 2016
Discontinued Operations And Disposal Groups [Abstract]  
Disposal of Discontinued Activity

The following financial information presents the results of operations of the Advertising Business for the three and six months ended June 30, 2015.

 

 

 

Three months ended

 

 

Six months ended

 

(In thousands)

 

June 30, 2015

 

 

June 30, 2015

 

Revenue

 

$

162

 

 

$

171

 

 

 

 

 

 

 

 

 

 

Pretax loss from operations of discontinued operations

 

$

(1,171

)

 

$

(1,262

)

Loss on disposal of discontinued operations

 

 

(41,471

)

 

 

(41,471

)

Income tax expenses

 

 

127

 

 

 

127

 

Less: Non-controlling interests

 

 

(1,280

)

 

 

(1,297

)

Net loss from discontinued operations

 

$

(41,489

)

 

$

(41,563

)

 

Schedule of Gain (Loss) on Disposal Activity

Loss on disposal of discontinued operations was composed of the following items:

 

(In thousands)

 

 

 

 

Write-off of goodwill

 

$

(35,472

)

Write-off of intangible assets

 

 

(4,080

)

Write-off of long-term deferred assets

 

 

(517

)

Lease agreements early termination compensation expenses

 

 

(1,211

)

Employee severance compensation expenses

 

 

(191

)

Loss on disposal of discontinued operations

 

$

(41,471

)