Assisted management of media company with tax and financial reporting requirements
Assisted management of media company with tax and financial reporting requirements
Valuation Advisory Services - Tax and Financial Reporting Purposes
Stout was engaged by ION Media to provide valuation services designed to assist management in addressing certain tax (Internal Revenue Code 409A, (IRC 409A)) and financial reporting requirements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 718, Compensation – Stock Compensation (FASB ASC 718) and Topic 820, Fair Value Measurement (FASB ASC 820). ION Media broadcasts television programs for homes via cable, satellite, telco, and broadcast distribution in the United States. We played a critical role in assisting management with their tax and financial reporting requirements under IRC 409A and ASC 718 and ASC 820.