Ugly Conference Call Moments -- Hollywood Media (HOLL)
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From Hollywood Media's Q4 conference call:
Q - Nelson Obus
Hi there, hey, what was EBITDA for the year?
A - Mitchell Rubenstein
Nelson, I don't have that in front of me. And then, we would have to post that reconciliation simultaneously with any response under the SEC rules.
Q - Nelson Obus
I think -- I would just say this -- for your credibility, I think you need to put the EBITDA numbers in there by division, so we can see the 5 million that you allegedly earned -- I'm sure you did in data. But I mean, the granularity is simply not there and it undermines the Company's credibility. So this is a year-end call. When you put your K out or whatever, I think you have got to put it there because it's very hard for me to -- it's just very hard for me to true up. I assume your EBITDA positive in Broadway is 5 million in data, I just can't true it up. So I hope you'll take this into consideration and go ahead and give us some granularity in regard to EBITDA.
A - Mitchell Rubenstein
Right. Nelson, you mentioned that before and I did -- we did consider it, an historical EBITDA presentation. And based on the multiplicity of divisions and various interpretive issues, we just decided not to include it at this time. But we will certainly consider including it in the future because it does look good. But the division (multiple speakers) -- we do disclose the operating numbers by division in our 10-K, including the operating income from each division.
Q - Nelson Obus
Well, EBITDA is really what we need. And I'm not trying to be confrontational. But, if you have so many divisions that you can't put down an EBITDA for each division, you ought to think of selling a few of them to create a more straightforward company that the shareholders can understand. I'm sorry to -- I hope you understand I'm trying to be constructive. But I simply can't accept your answer. I mean any board that in this day and age is trying to provide some clarity to shareholders would I think go the extra step. And maybe you've got to bring somebody in there to go through the numbers and separate them and make the judgments. But it's just very difficult to see exactly what's going on there.
A - Mitchell Rubenstein
Right, well look, it's -- EBITDA is a good metric as I had and as I said, we will definitely consider it.
Q - Nelson Obus
Take another shot, okay?
A - Mitchell Rubenstein
Okay, thank you for the suggestion.
Q - Nelson Obus
Okay.
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