INVESTMENT TRANSACTIONS

12 Months Ended

Dec. 31, 2014

INVESTMENT TRANSACTIONS

INVESTMENT TRANSACTIONS

5.     INVESTMENT TRANSACTIONS

Acquisitions in 2014

        In December 2014, the Company acquired a 51% interest in Caramba TV, a producer of digital and transmedia content for total cash consideration of $2,611. The Company's financial statements reflect an allocation of the purchase price based on a fair value assessment of the assets acquired and liabilities assumed, using the best information available as of the date of these financial statements. The Company preliminarily assigned $4,212 to goodwill and $1,882 to noncontrolling interest. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed. Goodwill generated from this acquisition is primarily attributable to expected synergies from future growth and potential monetization opportunities and is not deductible for tax purposes. Goodwill was assigned to the digital media business that is included in All Other category for segment presentation purposes.

Acquisitions in 2013

        There were no significant acquisitions in 2013.

Acquisitions in 2012

        In 2012, the Company acquired a 100% interest in a television station in Bratsk; 90% interest in a television station in Belgorod; and 100% interest in television stations in Rubtsovsk, Bereznyaki, Kiselevsk and Zlatoust for total cash consideration of $3,998. The Company assigned $2,575 to broadcasting licenses and $2,476 to goodwill. The remainder of the purchase price was assigned to other assets acquired and liabilities assumed. Goodwill is mainly attributable to synergies from acquisition. Goodwill is not deductible for income tax purposes and was assigned to the CTC, Domashny and Peretz segments.