2. Acquisitions On February 28, 2019, Meredith acquired 100 percent of the membership interests in Linfield Media, LLC (Linfield Media), a marketing business focused on online savings and deals, for $16.6 million in cash. The results of Linfield Media have been included in the condensed consolidated financial statements since that date. On January 31, 2018, Meredith completed the acquisition of all the outstanding shares of Time Inc. (Time). The fair values of the assets acquired and liabilities assumed were based on managements preliminary estimates of the fair values of Times net assets. The estimated fair values of net assets and resulting goodwill were subject to the Company finalizing its analysis of the fair value of Times assets and liabilities as of the acquisition date, which occurred in the third quarter of fiscal 2019. In the first nine months of fiscal 2019, the Company recorded purchase price allocation adjustments relating to the Time acquisition that increased goodwill by $24.6 million , reduced assets held-for-sale by $19.9 million and increased deferred income tax liabilities by $4.7 million . These adjustments resulted from new information about facts and circumstances that existed at the time of the acquisition. The measurement period is now closed. In preparing its condensed consolidated financial statements for the three and nine months ended March 31, 2019, the Company identified errors in the accounting for certain magazine subscriptions in prior periods beginning at the time of the acquisition of Time. The errors were due to the incorrect coding of certain magazine subscriptions by Time, which resulted in the subscriptions being recorded on a net basis instead of a gross basis in the Company's national media segment. As a result of these errors, consumer related revenue and selling, general, and administrative expense were understated on the Company's Condensed Consolidated Statements of Earnings (Loss) and subscription acquisition costs and unearned revenues were understated on the Company's Condensed Consolidated Balance Sheets. As these errors also affected certain of the brands held-for-sale (see Note 4), assets held-for-sale and liabilities associated with assets held-for-sale were also understated on the Company's Condensed Consolidated Balance Sheets. Also, in the quarter ended March 31, 2019, the Company recorded an out-of-period adjustment to correct the impact on the opening Time balance sheet of these coding errors. The effect of the adjustment was to reduce selling, general, and administrative expenses by $10.0 million , and increase goodwill by $7.4 million and income tax expense by $2.6 million as of and for the three and nine months ended March 31, 2019. In accordance with Staff Accounting Bulletin (SAB) No. 99, Materiality, the Company calculated the effect of these errors and determined that they were not material, individually or in the aggregate, to previously issued financial statements and, therefore, amendment of previously filed reports was not required. As permitted by SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , the Company corrected, in the current filing, previously reported results. In accordance with Accounting Standards Codification (ASC) 250, Accounting Changes and Error Corrections , the effect of the correction on each financial statement line item for each period affected is as follows: Condensed Consolidated Balance Sheet as of June 30, 2018 As Reported Adjustment As Adjusted (in millions) Current portion of subscription acquisition costs $ 118.1 $ 25.9 $ 144.0 Assets held-for-sale 713.1 12.7 725.8 Subscription acquisition costs 61.1 5.1 66.2 Current portion of unearned revenues 360.4 25.9 386.3 Liabilities associated with assets held-for-sale 198.4 12.7 211.1 Unearned revenues 124.1 5.1 129.2 Condensed Consolidated Statements of Earnings (Loss) As Reported Adjustment As Adjusted (in millions) For the three months ended March 31, 2018 Consumer related revenue $ 279.2 $ 2.2 $ 281.4 Selling, general, and administrative expense 292.4 2.2 294.6 For the nine months ended March 31, 2018 Consumer related revenue 580.5 2.2 582.7 Selling, general, and administrative expense 637.5 2.2 639.7 For the three months ended June 30, 2018 Consumer related revenue 328.3 6.4 334.7 Selling, general, and administrative expense 337.6 6.4 344.0 For the three months ended September 30, 2018 Consumer related revenue 301.2 12.3 313.5 Selling, general, and administrative expense 336.1 12.3 348.4 For the three months ended December 31, 2018 Consumer related revenue 336.8 15.2 352.0 Selling, general, and administrative expense 325.9 15.2 341.1