SEGMENT INFORMATION

6 Months Ended

Jun. 30, 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 Board evaluate and manage performance of the Group and make 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 its network's advertising, licensing and commissioning of programming, producing its programming schedule and managing its relationships with its independent affiliates, and the respective stations that distribute the 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 the "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 and six months ended June 30, 2012 has been restated to conform to the current period presentation.

	Three months ended June 30, 2012
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses
CTC Channel	$	134,231	$	26		$	43,651		$	527,203		$	(1,824	)	$	(58,526	)
Domashny Channel		25,365		91			3,905			134,101			(721	)		(12,338	)
Peretz Channel		20,088		—			4,791			184,088			(1,919	)		(6,231	)
Channel 31		5,785		—			2,011			24,265			(87	)		(2,416	)
All Other		2,115		430			(5,236	)		76,165			(432	)		(383	)
Business segment results	$	187,584	$	547		$	49,122		$	945,822		$	(4,983	)	$	(79,894	)
Eliminations		—		(547	)		—			(40,827	)		—			—
Consolidated results	$	187,584	$	—		$	49,122		$	904,995		$	(4,983	)	$	(79,894	)

	Three months ended June 30, 2013
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses
CTC Channel	$	145,633	$	156		$	46,000		$	587,586		$	(2,287	)	$	(67,219	)
Domashny Channel		29,981		31			5,632			107,894			(1,933	)		(13,187	)
Peretz Channel		21,352		4			621			144,201			(2,962	)		(8,215	)
Channel 31		6,792		—			2,049			22,299			(740	)		(2,662	)
All Other		2,257		—			(4,907	)		112,340			(436	)		(255	)
Business segment results	$	206,015	$	191		$	49,395		$	974,320		$	(8,358	)	$	(91,538	)
Eliminations		—		(191	)		—			(61,756	)		—			—
Consolidated results	$	206,015	$	—		$	49,395		$	912,564		$	(8,358	)	$	(91,538	)

	Six months ended June 30, 2012
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses
CTC Channel	$	276,186	$	244		$	96,712		$	527,203		$	(3,732	)	$	(113,991	)
Domashny Channel		51,694		198			7,760			134,101			(1,468	)		(25,091	)
Peretz Channel		37,063		27			5,552			184,088			(3,901	)		(13,561	)
Channel 31		9,912		—			2,250			24,265			(180	)		(5,215	)
All Other		3,849		892			(13,181	)		76,165			(859	)		(530	)
Business segment results	$	378,704	$	1,361		$	99,093		$	945,822		$	(10,140	)	$	(158,388	)
Eliminations		—	$	(1,361	)		—		$	(40,827	)		—			—
Consolidated results	$	378,704	$	—		$	99,093		$	904,995		$	(10,140	)	$	(158,388	)

	Six months ended June 30, 2013
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses
CTC Channel	$	284,465	$	568		$	87,950		$	587,586		$	(4,621	)	$	(131,381	)
Domashny Channel		59,460		132			9,737			107,894			(3,914	)		(28,147	)
Peretz Channel		41,903		4			1,690			144,201			(6,035	)		(17,193	)
Channel 31		10,946		—			1,595			22,299			(1,477	)		(5,425	)
All Other		4,528		161			(9,393	)		112,340			(776	)		(484	)
Business segment results	$	401,302	$	865		$	91,579		$	974,320		$	(16,823	)	$	(182,630	)
Eliminations		—		(865	)		—			(61,756	)		—			—
Consolidated results	$	401,302	$	—		$	91,579		$	912,564		$	(16,823	)	$	(182,630	)