−Removed: Except for the risk factors disclosed in Part II, Item 1 A of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 , which are hereby incorporated by reference into this Part II, Item IA of this Form 10-Q, there have been no material changes in our risk factors from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019, except as discussed below.
−Removed: The COVID-19 pandemic has adversely impacted, and is expected to continue to adversely impact, our business, results of operations and financial position.
−Removed: In December 2019, a strain of novel coronavirus disease, COVID-19, was identified in Wuhan, China.
−Removed: This virus has been declared a pandemic and has spread around the world, including throughout the United States.
−Removed: The outbreak and
−Removed: government measures taken in response have also had a significant impact, both direct and indirect, on our businesses and the economy generally, as supply chains have been disrupted;
−Removed: facilities and production have been suspended;
−Removed: and demand for many goods and services has fallen.
−Removed: In response to the spread of COVID-19, including shelter-in-place and stay-at-home orders, we implemented a work-from-home policy that remains in place for most of our employees and have restricted on-site activities.
−Removed: As a result of the COVID-19 pandemic, we have experienced and may continue to experience disruptions that have adversely impacted our business, results of operations and financial position.
−Removed: The extent of future disruptions w ill depend on numerous evolving factors, which are highly uncertain, rapidly changing and cannot be predicted , and could result in significantly more severe impacts in the future, including:
−Removed: • reduced ad budgets and spend, order cancellations and increased competition for advertising revenue;
−Removed: • the effect of the outbreak on our customers and other business partners and vendors ;
−Removed: • changes in how we conduct operations, including our events;
−Removed: • increased competition with alternative media platforms and technologies;
−Removed: • the inability of customers to pay amounts owed to the Company, or delays in collections of such amounts;
−Removed: • additional goodwill or other impairment charges;
−Removed: • limitations on our employee resources, including because of work-from-home, stay-at-home and shelter-in-place orders from federal or state governments, employee furloughs, or sickness of employees or their families;
−Removed: • diversion of management resources to focus on mitigating the impacts of the COVID-19 pandemic;
−Removed: • reduced capital expenditures;
−Removed: • impacts from prolonged remote work arrangements, including increased cybersecurity risks.
−Removed: These disruptions have negatively impacted our revenue, results of operations and financial position for the three and six months ended June 30, 2020 and we expect these disruptions to continue to have a negative impact for the remainder of 2020.
−Removed: The COVID-19 pandemic continues to evolve.
−Removed: The extent to which the outbreak continues to impact our business, liquidity and financial results will depend on future developments, which are highly uncertain and cannot be predicted with confidence, such as the duration of the pandemic, stay-at-home and shelter-in-place orders, travel restrictions and social distancing throughout the United States, the duration and extent of business closures or business disruptions and the effectiveness of actions taken to contain and treat the disease.
−Removed: If we or our customers continue to experience prolonged shutdowns or other business disruptions beyond current expectations, our ability to conduct our business in the manner and within planned timelines could be materially and adversely impacted, and our business, liquidity and financial results will be adversely affected.
−Removed: Additionally, concerns over the economic impact of the COVID-19 pandemic caused extreme volatility in financial and other capital markets, which has adversely affected our stock price and credit rating and could impact our ability to access the capital markets in the future.
+Added: Except for the risk factors disclosed in Part II, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and Part II, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 , which are hereby incorporated by reference into this Part II, Item IA of this Form 10-Q, there have been no material changes in our risk factors from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.