THQ Expects $45 Million in Charges to Cut Annual Expenses

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THQTHQ previously announced plans to reduce its annual expenditures by $220 million, and the company reports that it has now (largely) put into place the measures to do so for its 2010 fiscal year. To do so, THQ expects that it will incur $45 million in "non-GAAP business realignment expenses," including cash costs of $4 million and $41 million of non-cash impairments including title cancellations and studio closures.

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This page contains a single entry by Editor published on April 2, 2009 6:22 AM.

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