BNA Writes Off a Subsidiary

Friday, 22 October 2010
News

BNA logoThe Bureau of National Affairs has written off the remaining $6.3 million in good will for the unit that markets the Kennedy Information and IOMA lines after that subsidiary filed for Chapter 11 bankruptcy protection in September. Nevertheless, the publisher rebounded to profitability and registered a slight gain in revenue for the 12 weeks ended September 11 and it reported signifcant improvements in operating profit at BNA Software.

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