Note 19 - Business Segments

12 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

19

- Business Segments:

Prior to

December 23, 2010, (

the Restructuring Transaction date), the Company operated

two

reportable business segments: (

1

) Publishing and (

2

) Investment Management. The Publishing segment, the Company's only reportable segment subsequent to the Restructuring Transaction date, produces investment periodicals and related publications (retail and institutional) in both print and digital form, and includes Value Line copyrights and Value Line Proprietary Ranking System results and other proprietary information. 

As more fully described in Note

1

- Organization and Summary of Significant Accounting Policies, the Company deconsolidated its investment management business on

December 23, 2010

and therefore

no

longer reports the investment management operation as a separate business unit.  Although VLI continues to receive significant cash flows from these operations through its non-controlling investment in EAM, it

no

longer considers this to be a reportable business segment due to its lack of control over the operating and financial policies of EAM.

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