IMPAIRMENT LOSS (Table)

9 Months Ended

Sep. 30, 2012

IMPAIRMENT LOSS

Schedule of impairment losses

	Nine months ended September 30, 2012
Broadcasting licenses:
Peretz regional and umbrella licenses	$	43,795
CTC regional licenses		19,523
Domashny regional licenses		16,224
Channel 31 license		2,961
Total impairment losses	$	82,503
Income tax effect		(16,501	)
Total effect on consolidated net income	$	66,002