Valuation Advisory Services - Financial Reporting Purposes

Stout was engaged by Forbes Media to provide valuation services designed to assist management in addressing certain financial reporting requirements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations (FASB ASC 805), Topic 350, Intangibles – Goodwill and Other, and Topic 820, Fair Value Measurement (FASB ASC 820), in connection with Integrated Whale Media Investment in 2014 and its subsequent financial reporting engagements related to goodwill testing and equity grants. Forbes Media offers media, branding, and technology services with a focus on news and information about business, investing, technology, entrepreneurship, leadership, and lifestyles. Forbes Media publishes Forbes, Forbes Asia, Forbes Europe, and ForbesLife magazines, as well as owns and operates Forbes.com and ForbesLife.com websites. We played a critical role in assisting management with their financial reporting requirements under ASC 805, ASC350 and ASC 820.

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