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Business Divestitures
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Discontinued Operations And Disposal Groups [Abstract]    
Business Divestitures

4. Discontinued Operations

In March 2013, Nielsen completed the exit and shut down of one of its legacy online businesses and recorded a net loss of $3 million associated with this divestiture. The condensed consolidated statements of operations reflect the operating results of this business as a discontinued operation.

4. Business Divestitures

During the year ended December 31, 2012, Nielsen paid net cash disbursements of $4 million associated with previously executed business divestitures.

During the year ended December 31, 2011, Nielsen received net cash proceeds of $5 million associated with previously executed business divestitures.

During the year ended December 31, 2010, Nielsen received net cash proceeds of $17 million associated with business divestitures, including the sale of its box-office tracking business as well as the remaining properties within the Publications operating segment discussed within discontinued operations below.

Discontinued Operations

In December 2009, the Company substantially completed its planned exit of the Publications operating segment through the sale of its media properties, including The Hollywood Reporter and Billboard, to e5 Global Media LLC.

In October 2010, the Company reached an agreement with the plaintiff in a lawsuit associated with its former Publications operating segment for a $12 million cash settlement, which was paid in October 2010. The Company recorded a $7 million charge (net of tax of $5 million) associated with this settlement, which has been reported as a component of discontinued operations for the year ended December 31, 2010.

Summarized results of operations for discontinued operations are as follows:

 

     Year Ended December 31,  

(IN MILLIONS)

   2012      2011      2010  

Revenues

   $ —        $ —        $ 8   

Goodwill impairment charges

     —          —          —    

Operating loss

     —          —          (26

Loss from operations before income taxes

     —          —          (26

Benefit for income taxes

     —          —          9   
  

 

 

    

 

 

    

 

 

 

Loss from operations

     —          —          (17

Gain/(Loss) on sale, net of tax(1)

     —          1         (5
  

 

 

    

 

 

    

 

 

 

Income/(Loss) from discontinued operations, net of tax

   $ —         $ 1       $ (22
  

 

 

    

 

 

    

 

 

 

 

(1) The gain for the year ended December 31, 2011 primarily related to a Publications property that was previously sold. The $5 million loss (net of a tax benefit of $3 million) for the year ended December 31, 2010 includes the net loss on the sale of the remaining Publications properties.