Monday, April 2, 2012

Tree.com will be late filing annual report

Tree.com Inc., the Charlotte-based parent of sites like LendingTree, will be late in filing its annual report, the company said in an SEC filing.


The company said it has not yet finished determining the value of its trademarks, which have already taken a significant hit.

In its preliminary fourth-quarter earnings announcement, Tree.com reported a $5.6 million trademark asset write-down, primarily based on the value of the LendingTree name. That number could still grow, the company now says.

The company posted a loss of $45.8 million for 2011.

Tree.com representatives declined further comment. The company hopes to have the report filed by April 16. The traditional deadline is 90 days after the start of the year.

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