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  "documentTitle": "Focus Media Holding Ltd. (FMCN)",
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  "authorName": "Carson C. Block",
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      "text": "The CGEN transaction provides insight to FMCN's standard operating procedures. First, massively overpay for the business. Next, crash the business. Finally, divest the business for no consideration.",
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      "text": "On December 8, 2008, FMCN disposed of CGEN, which resulted in a $190.5 million disposal loss, which includes the write-off of the carrying value of intangible assets and goodwill of $39.5 million and $145.6 million, respectively.",
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