INVESTMENT TRANSACTIONS

6 Months Ended

Jun. 30, 2012

INVESTMENT TRANSACTIONS

INVESTMENT TRANSACTIONS

5. INVESTMENT TRANSACTIONS

Acquisitions

        In the second quarter of 2012, the Company acquired a 100% interest in a television station in Bratsk for total cash consideration of $266 and a 90% interest in a television station in Belgorod for total cash consideration of $2,417. The Company assigned a total of $3,279 to the broadcasting licenses acquired. 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.