Juno 2013 Annual Report Download - page 67

Table of Contents

The decrease in Content & Media technology and development expenses was the result of a decrease in personnel- and overhead-related costs as a
result of reduced headcount in 2012.

The decrease in Content & Media general and administrative expenses was due to a $3.3 million decrease in legal settlement costs, a $2.3 million
decrease in personnel- and overhead-related costs and a $0.3 million decrease in bad debt expense. These decreases were partially offset by $0.5 million
of transaction-related costs incurred in the year ended December 31, 2012 in connection with the schoolFeed acquisition and a $0.4 million increase in
professional fees.

Content & Media contingent consideration—fair value adjustment was comprised of a $1.8 million decrease in fair value of the schoolFeed
contingent consideration, partially offset by $1.0 million of interest expense related to such contingent consideration.

Content & Media restructuring and other exit costs for the year ended December 31, 2011 were primarily related to employee termination costs
associated with a reduction in headcount during the fourth quarter of 2011.
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
  
    
   
Content & Media technology and development $ 19,552 $ 21,530 $ (1,978) (9)%
Content & Media technology and development expenses as a percentage of
Content & Media revenues 12.7% 11.6%
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
  
    
   
Content & Media general and administrative $ 21,003 $ 26,020 $ (5,017) (19)%
Content & Media general and administrative expenses as a percentage of
Content & Media revenues 13.7% 14.0%
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
 
    
 


Content & Media contingent consideration—fair value adjustment $ (836) $ — $ (836) N/A
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
  
    
   
Content & Media restructuring and other exit costs (benefits) $ (14) $ 1,616 $ (1,630) (101)%