DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations Tables

Schedule of reclassification of assets, liabilities, revenue and expenses under "Discontinued Operations"

	As of December 31,
	2014
Cash and cash equivalents	$	7,320
Restricted cash		11,172
Accounts receivable, net		61,459
Notes receivable		1,911
Prepaid concession fees		18,023
Prepaid expenses and other current assets		18,315
Amounts due from related parties		2,355
Deferred tax asset - current		1,101
Assets held for sale		777
Current assets of discontinued operations		122,433
Property and equipment, net		14,948
Acquired intangible assets, net		286
Long-term investment		3,087
Deferred tax assets - non-current		3,681
Long term deposit		11,789
Non-current assets of discontinued operations		33,791
Total assets of discontinued operations	$	156,224

Carrying amounts of liabilities disposed

	As of December 31,
	2014
Accounts payable	$	55,129
Accrued expenses and other liabilities		6,635
Income tax payable		555
Deferred revenue		9,519
Amounts due to related parties		790
Current liabilities of discontinued operations		72,628
Deferred tax liabilities - non-current		72
Non-current assets of discontinued operations		72
Total liabilities of discontinued operations	$	72,700

	For the years ended December 31,
	2013			2014			2015
Net revenues	$	181,013		$	177,788		$	166,843
Cost of revenues		(146,932	)		(139,227	)		(126,745	)
Gross profit		34,081			38,561			40,098
Operating expenses		(21,486	)		(17,868	)		(13,239	)
Income from operations		12,595			20,693			26,859
Gain from disposal of 75% equity interest in AM Advertising		-			-			244,164
Interest income		1,437			282			298
Other income, net		3,127			1,235			1,293
Income on equity method investments		-			20			265
Net income before income tax		17,159			22,230			272,879
Income taxes benefit/(expense)		1,176			(1,942	)		(51,696	)
Income from discontinued operations attributable to owners of the Company	$	18,335		$	20,288		$	221,183

As of December 31, 2014 the following balances were due from / to related parties:

Amounts due from related parties:

Name of related parties	Relationship	As of December 31, 2014
Beijing AirMedia Jiacheng Advertising Co., Ltd. (“Jiacheng Advertising”) (1)	Equity method investee		19
Guangxi Dingyuan Media Ltd. (“Guangxi Dingyuan”) (2)	Equity method investee		387
AM Jiaming (3)	Equity method investee		1,627
Dingsheng Ruizhi (Beijing) Investment Consulting Co., Ltd. (“Dingsheng Ruizhi”) (4)	Invested by management of the Group		322
		$	2,355

(1) The amounts due from Jiacheng Advertising represents the uncollected concession fee of digital TV screens on airlines as of December 31, 2014.

(2) The amounts due from Guangxi Dingyuan represents the amount of a deposit on concession fee receivable from Guangxi Dingyuan as of December 31, 2014.

(3) The amounts due from AM Jiaming includes a short-term loan to AM Jiaming amounted to $1,612 and related interest receivable of $15 as of December 31, 2014.

(4) The amount due from Dingsheng Ruizhi represents the unreceived consideration of $322 for selling 20% of equity interests in AM Film.

Amounts due to related parties:

Name of related parties	Relationship		As of December 31, 2014
Qingdao Airport AirMedia Advertising Co., Ltd (“Qingdao AM”) (5)		Equity method investee	$	790

(5) The amount due to Qingdao AM represents the capital contribution commitment of $790 to Qingdao AM as of December 31, 2014, which was paid in January 2015.

Details of related party transactions for the years ended December 31, 2013, 2014 and 2015 were as follows:

Concession cost purchased from:

		For the years ended December 31
Name of related parties	Relationship	2013		2014		2015
Guangxi Dingyuan (6)	Equity method investee	$	-	$	233	$	1,107
Qingdao AM (7)	Equity method investee		-		-		1,230
		$	-	$	233	$	2,337

Loan to a related party:

		For the years ended December 31
Name of related parties	Relationship	2013		2014		2015
AM Jiaming (8)	Equity method investee	$	-	$	1,612	$	-
		$	-	$	1,612	$	-

Equity transaction with a related party:

		For the years ended December 31
Name of related parties	Relationship	2013		2014		2015
Beijing Dayun Culture Communication Co., Ltd. ("Dayun Culture") (9)	Invested by management of the Group	$	-	$	-	$	8,605
Dingsheng Ruizhi (10)	Invested by management of the Group				322		-
		$	-	$	322	$	8,605

(6) The Group purchased stand-alone digital frames, LED and lightbox concession in Nanning airport from Guangxi Dingyuan amounting to $233 and $1,107 for the years ended December 31, 2014 and 2015.

(7) The Group purchased stand-alone digital frames concession in Qingdao airport from Qingdao AM amounting to $1,230 for the year ended December 31, 2015.

(8) In May 2014 and June 2014, the Group provided two loans to AM Jiaming, with amount of $806 and $806, respectively, at an annual interest rate equal to the bank lending rate over the same period, i.e. 6% for 2014. The loans will be due five days after the issuance of a written notice from the Group.

(9) In November 2015, AM Advertising purchased 20% equity interest in Beijing AirMedia Lianhe Advertising Co., Ltd. (“AirMedia Lianhe”) from Dayun Culture with consideration of $8,605. After the transaction, AM Advertising held 100% equity interest in AirMedia Lianhe.

(10) In June 2014, AM Advertising sold 20% equity interests in AM Film, a wholly-owned subsidiary, to Dingsheng Ruizhi with consideration of $322.