GOODWILL

3 Months Ended

Mar. 31, 2012

GOODWILL.

GOODWILL

6. GOODWILL

        Goodwill as of December 31, 2011 and March 31, 2012 comprises the following:

	Balance December 31, 2011		Foreign currency translation adjustment		Balance March 31, 2012
CTC Network	$	48,850	$	4,777	$	53,627
Domashny Network		16,094		1,574		17,668
Peretz Network		57,683		5,641		63,324
CTC Television Station Group		1,977		193		2,170
Domashny Television Station Group		9,309		910		10,219
CIS Group		99		—		99
Production Group		30,363		2,969		33,332
Total	$	164,375	$	16,064	$	180,439

        The Company has accumulated impairment losses against goodwill totaling $71,688 at each balance sheet date presented related to the Peretz Network, recorded as a result of impairment tests performed during 2011. In addition, the Company has accumulated impairment losses against goodwill totaling $58,189 at each balance sheet date presented related to the CIS segment, recorded as a result of impairment tests performed during 2008.