Apparently it is some kind of benefit available to companies during a merger. There are like a thousand articles about it but I don't put a lot of faith in some random journalist nailing the details of the tax code so I'm not linking to any of them.
Perhaps a better question: If a particular show is written off, does anyone own the IP anymore? Do they still have the right to sue for copyright infringement if someone else broadcasts or distributes it?
Perhaps a better question: If a particular show is written off, does anyone own the IP anymore? Do they still have the right to sue for copyright infringement if someone else broadcasts or distributes it?