SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2013

SEGMENT INFORMATION

SEGMENT INFORMATION

10. SEGMENT INFORMATION

        Historically, there were eight reportable segments: CTC Network, Domashny Network, Peretz Network, CTC Television Station Group, Domashny Television Station Group, Peretz Television Station Group, CIS Group and Production Group.

        Effective January 1, 2013, the Company changed its reportable segments in the way it reorganized reporting financial information to make operating decisions. Following the reorganization of reporting financial information, the Company's management and BOD evaluates and manages performance of the Group and makes operating decisions based primarily on the Company's three Russia-based television channels (CTC, Domashny and Peretz) and Channel 31 in Kazakhstan. Beginning January 2013, these channels represent the Company's new reportable segments. Each channel includes operating results of its network which is responsible for broadcasting operations, including sales of networks' advertising, licensing and commissioning of programming, producing its programming schedule and managing its relationships with its independent affiliates, and the respective stations that distribute network's signal. In addition, each channel is also allocated the internal margin on programming acquired from the Company's in-house production unit.

        The Company's other less significant operating segments are included along with headquarters' operations in "All Other" category for financial reporting purposes. The Company evaluates performance based on the operating results of each segment, among other performance measures.

        Segment information for the three months ended March 31, 2012 has been restated to conform to the current period presentation.

	Three months ended March 31, 2012
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses
CTC Channel	$	141,955	$	218		$	53,061		$	611,202		$	(1,908	)	$	(55,465	)
Domashny Channel		26,329		107			3,855			147,615			(747	)		(12,753	)
Peretz Channel		16,975		27			761			212,280			(1,982	)		(7,330	)
Channel 31		4,127		—			239			23,079			(93	)		(2,799	)
All Other		1,734		462			(7,945	)		71,766			(427	)		(147	)
Business segment results	$	191,120	$	814		$	49,971		$	1,065,942		$	(5,157	)	$	(78,494	)
Eliminations		—		(814	)					(82,379	)		—			—
Consolidated results	$	191,120		—		$	49,971		$	983,563		$	(5,157	)	$	(78,494	)

	Three months ended March 31, 2013
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses
CTC Channel	$	138,832	$	412		$	41,950		$	601,510		$	(2,334	)	$	(64,162	)
Domashny Channel		29,479		101			4,105			115,981			(1,981	)		(14,960	)
Peretz Channel		20,551		—			1,069			156,667			(3,073	)		(8,978	)
Channel 31		4,154		—			(454	)		21,776			(737	)		(2,763	)
All Other		2,271		161			(4,486	)		105,197			(340	)		(229	)
Business segment results	$	195,287	$	674		$	42,184		$	1,001,131		$	(8,465	)	$	(91,092	)
Eliminations		—		(674	)					(53,656	)		—
Consolidated results	$	195,287		—		$	42,184		$	947,475		$	(8,465	)	$	(91,092	)