NetZero 2011 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2011 NetZero annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

Table of Contents
Content & Media Technology and Development
The decrease in Content & Media technology and development expenses was primarily due to a decrease in personnel- and overhead-
related costs as a result of reduced headcount.
Content & Media General and Administrative
The decrease in Content & Media general and administrative expenses was primarily due to a $4.5 million decrease in personnel- and
overhead-related costs and a $1.2 million decrease in reserves for legal settlements. These items were partially offset by a $0.9 million increase
in professional fees.
Content & Media Restructuring and Other Exit Costs (Benefits)
Content & Media restructuring and other exit costs for the year ended December 31, 2009 were primarily related to employee termination
costs associated with a reduction in headcount.
Communications Segment Results
Communications Revenues
75
Year Ended
December 31, Change
2010 2009 $ %
(in thousands, except percentages)
Content & Media technology and development
$
22,803
$
25,535
$
(2,732
)
(11
)%
Content & Media technology and development expenses
as a percentage of Content & Media revenues
11.3
%
10.8
%
Year Ended
December 31,
Change
2010
2009
$
%
(in thousands, except percentages)
Content & Media general and administrative
$
24,574
$
29,443
$
(4,869
)
(17
)%
Content & Media general and administrative expenses as
a percentage of Content & Media revenues
12.2
%
12.5
%
Year Ended
December 31,
Change
2010
2009
$
%
(in thousands, except percentages)
Content & Media restructuring and other exit costs (benefits)
$
(91
)
$
2,121
$
(2,212
)
(104
)%
Year Ended
December 31, Change
2010 2009 $ %
(in thousands, except percentages
and ARPU)
Services
$
135,342
$
175,207
$
(39,865
)
(23
)%
Advertising
31,811
36,026
(4,215
)
(12
)%
Total Communications Revenues
$
167,153
$
211,233
$
(44,080
)
(21
)%
ARPU
$
9.49
$
9.47
$
0.02
—
%
Average number of dial-up Internet access pay
828
1,156
(328
)
(28
)%