SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2013

SEGMENT INFORMATION

SEGMENT INFORMATION

11. 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 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 owned-and-operated 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 nine months ended September 30, 2012 has been restated to conform to the current period presentation.

	Three months ended September 30, 2012
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses			Impairment loss
CTC Channel		110,679		384			16,997			549,407			(1,781	)		(45,184	)		(19,523	)
Domashny Channel		24,334		74			(12,793	)		130,214			(748	)		(12,266	)		(16,224	)
Peretz Channel		19,971		—			(39,949	)		155,360			(1,871	)		(5,883	)		(43,795	)
Channel 31		4,999		—			(1,539	)		23,382			(91	)		(2,206	)		(2,961	)
All Other		2,026		433			(6,764	)		78,956			(420	)		(564	)		—
Business segment results		162,009		891			(44,048	)		937,319			(4,911	)		(66,103	)		(82,503	)
Eliminations		—		(891	)		—			(50,018	)		—			—			—
Consolidated results		162,009		—			(44,048	)		887,301			(4,911	)		(66,103	)		(82,503	)

	Three months ended September 30, 2013
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses			Impairment loss
CTC Channel		119,329		315			42,536			588,905			(2,211	)		(47,525	)		—
Domashny Channel		26,099		29			3,636			108,173			(1,956	)		(12,289	)		—
Peretz Channel		17,115		5			1,166			149,475			(2,863	)		(6,788	)		—
Channel 31		6,409		—			1,167			25,014			(721	)		(3,118	)		—
All Other		2,132		—			(4,318	)		96,921			(399	)		(18	)		—
Business segment results		171,084		349			44,187			968,488			(8,150	)		(69,738	)		—
Eliminations		—		(349	)		—			(43,425	)		—			—			—
Consolidated results		171,084		—			44,187			925,063			(8,150	)		(69,738	)		—

	Nine months ended September 30, 2012
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses			Impairment loss
CTC Channel		386,865		628			113,709			549,407			(5,513	)		(159,175	)		(19,523	)
Domashny Channel		76,028		272			(5,033	)		130,214			(2,216	)		(37,357	)		(16,224	)
Peretz Channel		57,034		27			(34,397	)		155,360			(5,772	)		(19,444	)		(43,795	)
Channel 31		14,911		—			711			23,382			(271	)		(7,421	)		(2,961	)
All Other		5,875		1,325			(19,945	)		78,956			(1,279	)		(1,094	)		—
Business segment results		540,713		2,252			55,045			937,319			(15,051	)		(224,491	)		(82,503	)
Eliminations		—		(2,252	)		—			(50,018	)		—			—			—
Consolidated results		540,713		—			55,045			887,301			(15,051	)		(224,491	)		(82,503	)

	Nine months ended September 30, 2013
	Operating revenue from external customers		Intersegment revenue			Operating income/ (loss)			Identifiable assets			Depreciation and amortization			Programming expenses			Impairment loss
CTC Channel		403,794		883			130,486			588,905			(6,832	)		(178,906	)		—
Domashny Channel		85,559		161			13,373			108,173			(5,870	)		(40,436	)		—
Peretz Channel		59,018		9			2,856			149,475			(8,898	)		(23,981	)		—
Channel 31		17,355		—			2,762			25,014			(2,198	)		(8,543	)		—
All Other		6,660		161			(13,711	)		96,921			(1,175	)		(502	)		—
Business segment results		572,386		1,214			135,766			968,488			(24,973	)		(252,368	)		—
Eliminations		—		(1,214	)		—			(43,425	)		—			—			—
Consolidated results		572,386		—			135,766			925,063			(24,973	)		(252,368	)		—