INVESTMENT TRANSACTIONS

6 Months Ended

Jun. 30, 2011

INVESTMENT TRANSACTIONS

INVESTMENT TRANSACTIONS

4.     INVESTMENT TRANSACTIONS

Acquisitions

        In February 2011, the Company acquired a 100% interest in a television station in Tomsk for total cash consideration of $4,547. The Company assigned $5,577 to the broadcasting license. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed.

        In April 2011, the Company acquired a 55.5% interest in three television stations in Samara region for total cash consideration of $4,244. The Company assigned $8,290 to the broadcasting licenses, and $2,951 to noncontrolling interest. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed. The Company also signed binding offer to acquire remaining 44.5% stake in three television stations in Samara region for approximately $3,400.

        In May 2011, the Company acquired a 67% interest in a television station in Omsk for total cash consideration of $1,684. The Company assigned $3,416 to the broadcasting license, and $902 to noncontrolling interest. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed.

        In June 2011, the Company acquired a 100% interest in two television stations in Orenburg for total cash consideration of $4,612. The Company assigned $4,898 to the broadcasting licenses, and $628 to goodwill. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed.

        The Company's financial statements reflect a preliminary allocation of the purchase prices based on a fair value assessment of the assets acquired and liabilities assumed, using the best information available as of the date of these financial statements.