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IMPAIRMENT LOSS (Tables)
12 Months Ended
Dec. 31, 2014
IMPAIRMENT LOSS  
Schedule of impairment losses

 

                                                                                                                                                                                    

 

 

2012

 

2013

 

2014

 

Analog broadcasting licenses

 

$

82,503

 

$

 

$

 

​  

​  

​  

​  

​  

​  

Peretz goodwill

 

 

 

 

 

 

29,356

 

​  

​  

​  

​  

​  

​  

Production unit goodwill

 

 

 

 

29,869

 

 

 

​  

​  

​  

​  

​  

​  

Total impairment losses

 

$

82,503

 

$

29,869

 

$

29,356

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Income tax effect

 

 

(16,501

)

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total effect on consolidated net income

 

$

66,002

 

$

29,869

 

$

29,356

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of impairment sensitivity analysis

 

                                                                                                                                                                                    

 

 

Additional
impairment loss
that could be
recorded if 2015
advertising market
forecast is
lower by:

 

Additional impairment loss
that could be
recorded if cost
of capital is
higher by:

 

 

 

10 pp

 

20 pp

 

3 pp

 

Broadcasting licenses*

 

$

(9,517

)

$

(9,822

)

$

(9,395

)

Goodwill:

 

 

 

 

 

 

 

 

 

 

CTC goodwill

 

 

 

 

 

 

 

Domashny goodwill

 

 

(15,060

)

 

(15,133

)

 

(15,133

)

Peretz goodwill

 

 

(4,158

)

 

(4,158

)

 

(4,158

)

​  

​  

​  

​  

​  

​  

Total

 

$

(28,735

)

$

(29,113

)

$

(28,686

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


*

pre-tax effect