INVESTMENT TRANSACTIONS

9 Months Ended

Sep. 30, 2011

INVESTMENT TRANSACTIONS

INVESTMENT TRANSACTIONS

4.     INVESTMENT TRANSACTIONS

Acquisitions

        In the nine months ended September 30, 2011, the Company acquired seven regional stations broadcasting in Tomsk, Samara region, Omsk and Orenburg, for total cash consideration of $18,013. The Company assigned $27,296 to the broadcasting licenses, $3,038 to goodwill, $5,459 to deferred tax liabilities, $641 to noncontrolling interest, and $4,054 to bargain gain from purchase. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed. Goodwill is mainly attributable to synergies from acquisition. Goodwill is not deductible for income tax purposes and was assigned to the CTC Network segment.