+1 862 207 3288 The 2008 annual report for Zimmer Cable included the following information on a change in the procedure for amortizing its investment in pay-TV programming:
In the first quarter of 2008, the Company changed the rate of amortization of its payTV programming costs to more closely reflect audience viewing patterns. The effect of this change was to reduce programming costs by $58 million and $57 million, resulting in increased net income of $35 million and $31 million, or $0.58 per share and $0.49 per share, during 2008 and 2007, respectively.
