INVESTMENTS IN EQUITY INVESTEES

12 Months Ended

Dec. 31, 2012

11. INVESTMENTS IN EQUITY INVESTEES

As of December 31, 2011 and 2012, the Company's principal equity investees comprise the following:

		2011			2012

Television Stations:
CTC-Novosibirsk	50%	$	4,851	50%	$	5,569
Other television stations	21–50%		190	21–50%		174

Total investments and advances to investees		$	5,041		$	5,743

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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