Valassis generated $626.3 million during fourth-quarter 2008, a drop from the $661.5 million it pulled in during fourth-quarter 2007. But the company took an eye-popping $222 million loss during the quarter, largely due to a $245 million non-cash impairment charge. In fourth-quarter 2007, Valassis recorded $20.6 million in net income.
For the year, the company
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