Business Segments:

3 Months Ended

Jul. 31, 2011

Segment Reporting [Abstract]

Business Segments:

Note 9-Business Segments:

Prior to December 23, 2010, the Company operated two reportable business segments: (1) Investment Periodicals, Publishing & Copyright Data and (2) Investment Management. The Investment Periodicals, Publishing & Copyright Data segment produces investment related periodical publications (retail and institutional) in both print and electronic form, and includes copyright data fees for Value Line proprietary ranking system information and other proprietary information. Prior to December 23, 2010, the Investment Management segment provided advisory services to the Value Line Funds, as well as institutional and individual accounts. The segments are differentiated by the products and services they offer. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

As more fully described in Note 1 - Organization and Summary of Significant Accounting Policies, the Company deconsolidated its investment management business on December 23, 2010 and therefore no longer reports the investment management operation as a separate business unit. Although VLI will continue to receive significant cash flows from these operations through its non-controlling investment in EAM, it no longer considers this to be a reportable business segment due to its lack of control over the operating and financial policies of EAM. Accordingly, the investment management segment reflects activity only through the date of the Restructuring Transaction.

Disclosure of Reportable Segment information for the quarter ended July 31, 2010 is as follows:

			(in thousands)
	Investment
	Periodicals,
	Publishing &		Investment
	Copyright Data		Management		Total
Revenues from external customers	$	9,394	$	4,215	$	13,609
Intersegment revenues		2		-		2
Income/(loss) from securities transactions		-		3		3
Depreciation and amortization		146		6		152
Segment profit/(loss) from operations*		3,238		308		3,546
Segment assets		13,969		7,430		21,399
Expenditures for segment assets		63		-		63

 A reconciliation of reportable segment revenues, operating profit and assets for the quarter ended July 31, 2010 is as follows:

(in thousands)
	2010
Revenues
Total revenues for reportable segments	$	13,611
Elimination of intersegment revenues		(2	)
Total consolidated revenues	$	13,609
Profit/(loss) before income taxes *
Total profit/(loss) for reportable segments	$	3,549
Add: Income from securities transactions related to corporate assets		34
Profit/(loss) before income taxes	$	3,583
Assets
Total assets for reportable segments	$	21,399
Corporate assets		38,349
Consolidated total assets	$	59,748