GOODWILL

12 Months Ended

Dec. 31, 2011

GOODWILL.

GOODWILL

9. GOODWILL

        Goodwill as of December 31, 2009, 2010 and 2011 comprises the following:

	Balance December 31, 2009		Goodwill acquired		Foreign currency translation adjustment			Balance December 31, 2010
CTC Network	$	41,698	$	5,571	$	(318	)	$	46,951
Domashny Network		17,133		—		(131	)		17,002
Peretz Network		136,439		1,378		(1,042	)		136,775
CTC Television Station Group		2,105		—		(16	)		2,089
Domashny Television Station Group		9,853		—		(21	)		9,832
CIS Group		99		—		—			99
Production Group		25,715		6,558		(197	)		32,076
Total	$	233,042	$	13,507	$	(1,725	)	$	244,824

	Balance December 31, 2010		Goodwill acquired		Impairment loss			Foreign currency translation adjustment			Balance December 31, 2011
CTC Network	$	46,951	$	4,109		—		$	(2,210	)	$	48,850
Domashny Network		17,002		—		—			(908	)		16,094
Peretz Network		136,775		—	$	(71,688	)		(7,404	)		57,683
CTC Television Station Group		2,089		—		—			(112	)		1,977
Domashny Television Station Group		9,832		—		—			(523	)		9,309
CIS Group		99		—		—			—			99
Production Group		32,076		—		—			(1,713	)		30,363
Total	$	244,824	$	4,109	$	(71,688	)	$	(12,870	)	$	164,375

        In 2011 the Company finalized purchase price allocations for its 2010 regional stations acquisitions. As a result, $6,949 was reallocated from broadcasting licenses of $8,686 and deferred tax liabilities of $1,737 to goodwill, attributable to synergies from acquisitions. Goodwill is not deductible for income tax purposes.

        In 2011, the Company recorded a noncash impairment loss of $71,688 related to the impairment of goodwill of Peretz Network. See Notes 2 and 10. In addition, the Company has accumulated impairment losses against goodwill totaling $58,189 at each balance sheet date presented related to the CIS segment. These impairment losses were recorded in 2008 as a result of annual impairment tests.