03:35 PM EST - Yellow Media Inc. : as reported in the second quarter, determined that, depending on the outcome of the review of its strategic and operating plans, the fair value of the Company's assets may be determined to be less than their carrying value. As a result, the Company tested the goodwill and other long-lived assets related to its business for potential impairment. The impairment testing has now been completed and, as a result, the Company will record a goodwill impairment charge of $2.9 billion in net earnings for the period ending September 30. Yellow Media Inc.
shares T.YLO are trading down $0.285 at $0.28.
