This is another significant step in monetizing our non-core assets and further sharpening our focus on our core content creation and distribution businesses and library in a digital marketplace. We are pleased to sell our studio facilities to a buyer committed to expanding the film industry of British Columbia.
Quotes about non-core (8 Quotes)
Hertz has become less and less important as an outlet for Ford cars as Ford has pared back sales to Hertz and other daily rental companies. It's really a non-core business right now.
We continue to expect Heinz to divest non-core assets, to generate strong cash flow, to deliver improving margins and eventually to sell or partner the business.
While advertising revenue will always be an important part of our revenue base, we will leverage non-core assets to deliver premium services,
They've decided it's a non-core business.
In hindsight we made some very bad investments in non-core businesses,
We are pleased to report another quarter of strong financial and operational results, as well as the completion of several activities that position us well for 2006. During the fourth quarter of 2005 we opened one new development project, entered into a land development joint venture, acquired interests in two regional malls, sold twelve non-core retail real estate assets, issued 1.1 billion of unsecured notes at attractive coupons, and expanded and extended our corporate credit facility on more favorable terms. In addition, our development program continues to proceed with six projects under construction. We are also pleased to announce today an 8.6 increase in our common stock dividend.
It makes a lot of sense for them to sell a non-performing, non-core asset and switch into a regional or domestic bank.