0000000000-24-013921.txt : 20250318 0000000000-24-013921.hdr.sgml : 20250318 20241217163609 ACCESSION NUMBER: 0000000000-24-013921 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20241217 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: ZIFF DAVIS, INC. CENTRAL INDEX KEY: 0001084048 STANDARD INDUSTRIAL CLASSIFICATION: TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822] ORGANIZATION NAME: 06 Technology IRS NUMBER: 471053457 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 000-25965 BUSINESS ADDRESS: STREET 1: 360 PARK AVE SOUTH STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-503-3500 MAIL ADDRESS: STREET 1: 360 PARK AVE SOUTH STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: J2 GLOBAL, INC. DATE OF NAME CHANGE: 20111206 FORMER COMPANY: FORMER CONFORMED NAME: J2 GLOBAL COMMUNICATIONS INC DATE OF NAME CHANGE: 20001221 FORMER COMPANY: FORMER CONFORMED NAME: JFAX COM INC DATE OF NAME CHANGE: 19990413 PUBLIC REFERENCE ACCESSION NUMBER: 0001084048-24-000013 LETTER 1 filename1.pdf begin 644 filename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Form 10-K for the Fiscal Year Ended December 31, 2023 Form 10-Q for the Quarterly Period Ended September 30, 2024 File No. 000-25965 Dear Bret Richter: We have reviewed your November 14, 2024 response to our comment letter and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 24, 2024 letter. Form 10-K for the Fiscal Year Ended December 31, 2023 Notes to Consolidated Financial Statements Note 18. Segment Information, page 107 1. We note from our December 17, 2024 conversation with the company, your current operating and reporting segments will change in the fourth quarter of fiscal 2024. You further indicated that you intend to aggregate three of your new operating segments into one reportable segment. Please provide us with an analysis that explains, in detail, how you determined your revised operating segments meet the aggregation criteria in ASC 280-10-50-11. December 17, 2024 Page 2 Form 10-Q for the Quarterly Period Ended September 30, 2024 Management's Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Policies and Estimates, page 35 2. We note that you impaired goodwill in two of your reporting units during the three and nine months ended September 30, 2024, such that there was no excess of fair value over the carrying value for such reporting units. We also note at September 30, 2024, there was one additional reporting unit within the Digital Media reportable segment that may be at risk of impairment. Please revise to disclose the amount of goodwill allocated to the at-risk reporting unit and the percentage by which the fair value exceeded carrying value as of the most recent evaluation. Please contact Megan Masterson at 202-551-3407 or Kathleen Collins at 202-551- 3499 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Technology cc: Jeremy Rossen