GOODWILL

9 Months Ended

Sep. 30, 2012

GOODWILL

GOODWILL

7. GOODWILL

        Goodwill as of December 31, 2011 and September 30, 2012 comprised the following:

	Balance December 31, 2011		Foreign currency translation adjustment		Goodwill acquired		Balance September 30, 2012
CTC Network	$	48,850	$	2,022	$	1,474	$	52,346
Domashny Network		16,710		666		—		17,376
Peretz Network		58,258		2,387		—		60,645
CTC Television Station Group		1,977		81		—		2,058
Domashny Television Station Group		9,309		384		—		9,693
CIS Group		99		—		—		99
Production Group		30,363		1,256		—		31,619
Total	$	165,566	$	6,796	$	1,474	$	173,836

        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. See also Note 8.