BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2011

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of carrying values of indefinite lived intangible assets

	Carrying amount of assets, as of September 30, 2011, for which hypothetical 10% and 15% decrease in the fair value of each asset/ reporting unit would have resulted in additional impairment:
	10%		15%
Broadcasting licenses:
DTV umbrella license	$	—	$	53,974
DTV regional licenses		23,386		23,386
CTC regional licenses		21,794		26,601
HTV regional licenses		9,031		13,838
DTV Network's goodwill:		130,836		130,836
Total	$	185,047	$	248,635

Schedule of estimated impairment charge on indefinite lived intangible assets

	Impairment charge that could be recorded if 2012 advertising market growth forecast is lower by:
	5 pp		10 pp		15 pp
Broadcasting licenses*:
DTV umbrella license	$	4,498	$	17,122	$	29,746
CTC regional licenses		1,276		4,000		5,329
HTV regional licenses		533		1,072		1,806
DTV regional licenses		1,038		2,063		3,338
DTV Network's goodwill:		23,006		51,589		80,171
Total	$	30,351	$	75,846	$	120,390

*

pre-tax effect

Schedule of estimated impairment charge on indefinite lived intangible assets based on cost of capital assumptions

	Impairment charge that could be recorded if cost of capital is higher by 3 pp
Broadcasting licenses*:
DTV umbrella license	$	8,060
CTC regional licenses		5,302
HTV regional licenses		2,625
DTV regional licenses		4,981
DTV Network's goodwill:		32,476
Total	$	53,444

*

pre-tax effect