EFTA02380900.pdf

From: Richard Joslin Sent: Thursday, December 11, 2014 10:11 PM To: jeffrey E. Subject: FW: Updated Model John and Diana are dig=ing into the contracts to see what is signed or in negotiation (and what i= not) and they are trying to determine backup for the 65 count noted by ph=ne today. Also they are looking to see what the exact title count is by vintage to determine contractual roya=ty totals by vintage. Given the inconsistencies in the m=del with regard to royalties, John and Diana are looking into them in next=24 hours and we will have another call tmo afternoon and I hope to have better clarity on 2015 and 2016 royalty cash flow. = The 2016 model is not built (see below) From: John Murphy (mailto Sent: Thursday, December 11, 2014 3:02 PM To: Diana Ilina Cc: Richard Joslin Subject: FW: Updated Model Hi Diana,</=pan> Let's build a pr=-forma 2016 model with the following parameters: Use 2015 P&=L revenue as the base and grow 10% this will cover the new titles publishe= in 2016 Take the 2015 =uantities that we did not sell and assume the following % are sold as back=list 20%, 30% and 40% Rich we will create th=s pro-forma model, before we formally share with you I would like Diana to=go through this with Judith to get Judith's input and comment.<=o:p> Regards, John. EFTA_R1_01395436 EFTA02380900 From: Richard Joslin [maiIto: Sent: Thursday, December 11, 2014 2:36 PM To: John Murphy Subject: RE: Updated Model Please advise re 2016.=o:p> How many titles are sl=ted for 2015 vintage (published 2016). How many royalty contracts ar= signed for 2015 vintage? From: Richard Joslin Sent: Friday, December 05, 2014 8:18 PM To: John Murphy Subject: Re: Updated Model Where is Diana with 2016? Can you walk me thru =he royalty tab. Just explain each column? What is obligated?=Not obligated? On Dec 5, 2014, at 7:05 PM, "John Murphy" > wrote: Have a great weekendk=span> J.</=> From: Richard Joslin [mailto: Sent: Friday, December 05, 2014 6:51 PM To: John Murphy Subject: RE: Updated Model thanks 2 EFTA_R1_01395437 EFTA02380901 From: John Murphy [mailto ] Sent: Friday, December 05, 2014 6:50 PM To: Richard Joslin Cc: Diana Ilina Subject: Updated Model Rich, Final version attached. Also included is the excel version. Regards, John. John Murphy COO/CFO Phaidon Press 65 Bleecker Street New York, NY 10012 3 EFTA_R1_01395438 EFTA02380902 phaidon.=om <http://phaidon.com> 4 EFTA_R1_01395439 EFTA02380903