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Yahoo loses $42M US on original TV content

Media | 10/26/2015 7:03 pm EDT

Yahoo Inc. said in its third quarter financial results that it incurred a $42 million US loss on its original TV video content. Ken Goldman, chief financial officer for Yahoo, said during an earnings conference call with analysts last week that that the $42 million US loss is due to some of its original video content, specifically the TV series Community and Sin City Saints. “We thought long and hard about it and what we concluded is certain of our original video content, we couldn’t see our way to make money over time…we had basically spent money and had some assets on...