SEVERANCE AND EXIT COSTS

3 Months Ended

Mar. 31, 2012

7. SEVERANCE AND EXIT COSTS

In connection with the termination of the operations of TC Digital and TC Websites (see Note 8), the Company recorded no charges for severance and termination benefits and other exit costs during the three months ended March 31, 2012.

A summary of the actions taken for severance and other exit-costs have been recorded in loss from discontinued operations in the prior year and the estimated remaining liability associated with such costs are as follows:

	Remaining Liability as of March 31, 2012
Severance and related costs	$	87
Termination of contracts and leases		485
Total	$	572

The remaining liability for severance and exit costs, which are included in current liabilities of discontinued operations, will be paid in accordance with the provisions of the contractual agreements and payments are expected to be completed at various times through 2012.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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