Further bad news for the media industry as the Tribune filed for bankruptcy on Dec. 8. The Tribune media empire includes the Chicago Tribune and the Los Angeles Times, WGN-America, the Chicago Cubs and various other assets.
Industry news is not entirely negative however. The young start-up Behind The Times released an early earnings report showing an amazing number of zeros. Income is nil, expenses are nil and profit is nil making traditional ratios impossible to calculate due to difficulties incurred by division by zero.
Using rules written in 628 by Brahmagupta in his book Brahmasputha Siddhanta, zero divided by zero is zero. Others say that division by zero results in either infinity or negative infinity. Some say that there's a special case involving zero divided by zero, which is undefined. Hand calculators say that the answer is, "error," while more sophisticated computers calculate the result to be, "NaN."
No end to the disagreements is in sight. The issue does not seem like it'll resolved before the release of the annual report.
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