Copyright Data Fees

12 Months Ended

Apr. 30, 2014

Copyright Data Fees [Abstract]

Copyright Data Fees

Note 16 - Copyright Data Fees:

For the fiscal years ended April 30, 2014, 2013, and 2012, copyright data fees were $2,733,000, $3,900,000 and $3,591,000, respectively. As of April 30, 2014, total third party sponsored assets were attributable to four contracts for copyright data representing $2.3 billion in various products, as compared to four contracts for copyright data representing $2.7 billion in assets at April 30, 2013. The decrease in third party sponsored assets managed utilizing Value Line’s proprietary copyright data resulted from a shift in assets in one of the underlying portfolios during April 2013 and then in February 2014 a second asset reassignment of similar magnitude to the first to new subadvisors which was beyond Value Line’s control.