RE:RE:Corus Entertainment Inc. will announce another $1B-writedownA little bit of accountant "geek" talk that probably only accountants are interested in. Impairment testing of goodwill looks at future cash flows based on future five year period. This was done last year and tv took the hit. So we are now left with goodwill of 1.3 billion on tv and 67 million on radio. They already looked out 5 years, not 1 year.
Things would have to pretty well go to zero cash flow and stay there to write down this amount down further. In fact cash flows have grown. For 2018 free cash flow was $349 and for 2017 was $293. Growth of 20%. This needs to go in the other direction if one is to write down goodwill further. They have already done their 5 year calculation on this.