LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2011



	September 30, 2011			December 31, 2010
Senior debt	$	1,278,663		$	1,341,544
Total credit facilities and capital leases	63,848			18,240
Total long-term debt and other financing arrangements	1,342,511			1,359,784
Less current maturities	(4,070		)	(13,562		)
Total non-current long-term debt and other financing arrangements	$	1,338,441		$	1,346,222

Schedule of Long-term Debt Instruments [Table Text Block]

Our senior debt comprised the following as of September 30, 2011 and December 31, 2010:



	Carrying Value				Fair Value
	September 30, 2011		December 31, 2010		September 30, 2011		December 31, 2010
USD 261.0 million 2011 Convertible Notes	$	221,299	$	—	$	178,658	$	—
EUR 170.0 million 2010 Fixed Rate Notes	229,576		227,154		204,300		235,672
EUR 374.6 million 2009 Fixed Rate Notes	508,522		527,414		389,483		533,067
USD 129.7 million 2008 Convertible Notes	119,422		389,218		123,464		391,888
EUR 148.0 million Floating Rate Notes	199,844		197,758		153,880		170,319
	$	1,278,663	$	1,341,544	$	1,049,785	$	1,330,946

Schedule Of 2011 Convetible Notes [Table Text Block]

We separately account for the liability and equity components of the 2011 Convertible Notes. The embedded conversion option is not accounted for as a derivative.



	Principal Amount of Liability Component		Unamortized Discount			Net Carrying Value		Equity Component
As at December 31, 2010	$	—	$	—		$	—	$	—
Issuance of 2011 Convertible Notes	261,034		(44,043		)	216,991		11,907
Amortization of debt issuance discount	—		4,308			4,308		—
As at September 30, 2011	$	261,034	$	(39,735	)	$	221,299	$	11,907

Schedule Of 2010 Fixed Rate Notes [Table Text Block]

The 2010 Fixed Rate Notes are redeemable at our option, in whole or in part, at the redemption prices set forth below:



From	Fixed Rate Notes Redemption Price

November 1, 2014 to October 31, 2015	104.50	%
November 1, 2015 to October 31, 2016	102.25	%
November 1, 2016 and thereafter	100.00	%

Schedule Of 2009 Fixed Rate Notes [Table Text Block]

The 2009 Fixed Rate Notes are redeemable at our option, in whole or in part, at the redemption prices set forth below:



From	Fixed Rate Notes Redemption Price

September 15, 2013 to September 14, 2014	105.81	%
September 15, 2014 to September 14, 2015	102.90	%
September 15, 2015 and thereafter	100.00	%

Schedule Of 2008 Convertible Notes [Table Text Block]

We separately account for the liability and equity components of the 2008 Convertible Notes. The embedded conversion option is not accounted for as a derivative.



	Principal Amount of Liability Component			Unamortized Discount			Net Carrying Value			Equity Component
BALANCE December 31, 2010	$	440,200		$	(50,982	)	$	389,218		$	110,752
Extinguishment of debt	(310,540		)	31,523			(279,017		)	(8,383		)
Amortization of debt issuance discount	—			9,221			9,221			—
BALANCE September 30, 2011	$	129,660		$	(10,238	)	$	119,422		$	102,369

Credit Facilities And Capital Lease Obligations [Table Text Block]



		September 30, 2011			December 31, 2010
Credit facilities	(a) – (d)	$	60,081		$	14,004
Capital leases		3,767			4,236
Total credit facilities and capital leases		63,848			18,240
Less current maturities		(4,070		)	(13,562		)
Total non-current credit facilities and capital leases		$	59,778		$	4,678

(a) We have an uncommitted multicurrency overdraft facility for EUR 5.0 million (approximately US$ 6.8 million) from Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), as part of a cash pooling arrangement. The cash pooling arrangement with BMG enables us to receive credit across the group in respect of cash balances which our subsidiaries in The Netherlands, Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited. Under the facility, we are permitted to draw EUR 5.0 million (approximately US$ 6.8 million) in excess of amounts deposited.

As at September 30, 2011, we had deposits of US$ 36.4 million in and drawings of US$ 3.1 million on the BMG cash pool. Drawings on the BMG cash pool did not exceed deposits at any time during the nine months ended September 30, 2011. Interest is earned on deposits at the relevant money market rate and interest is payable on all drawings at the relevant money market rate plus 2.0%. As at December 31, 2010, we had deposits of US$ 20.3 million in and drawings of US$ 12.3 million on the BMG cash pool.

(b) On October 21, 2010, CET 21 entered into a five-year CZK 1.5 billion (approximately US$ 81.8 million) secured revolving credit facility (the “Secured Revolving Credit Facility”) with BNP Paribas S.A., J.P. Morgan plc, Citigroup Global Markets Limited, ING and Ceska Sporitelna, a.s. (“CSAS”), as mandated lead arrangers and original lenders, BNP Paribas S.A., as agent, BNP Paribas Trust Corporation UK Limited, as security agent, and CME Ltd., CME NV, CME BV, CME Investments B.V., CME SH and Markiza as the original guarantors. Interest under the facility is calculated at a rate per annum of 4.5% above Prague Interbank Offered Rate ("PRIBOR") for the relevant interest period. The Secured Revolving Credit Facility will decrease to CZK 750.0 million (approximately US$ 40.9 million) on the fourth anniversary of the signing date. Drawings under the facility by CET 21 are expected to be used for working capital requirements and for general corporate purposes. The Secured Revolving Credit Facility contains customary representations, warranties, covenants and events of default. The covenants include limitations on CET 21's ability to incur additional indebtedness, create liens, make disposals and to carry out certain other types of transactions. We drew CZK 1.0 billion (approximately US$ 54.6 million) under the Secured Revolving Credit Facility on September 26, 2011, which was outstanding on September 30, 2011. We drew a further CZK 500.0 million (approximately US$ 27.3 million) on October 5, 2011, and the facility remains fully drawn (see Note 21, "Subsequent Events"). No amount had been drawn at December 31, 2010. As of September 30, 2011, CET 21 had an interest rate swap to hedge the interest rate exposure on the future outstanding principal under the Secured Revolving Credit Facility (see Note 12, “Financial Instruments and Fair Value Measurements”).

(c) As at September 30, 2011, and December 31, 2010, there were no drawings outstanding under a CZK 300.0 million (approximately US$ 16.4 million) working capital credit facility with Factoring Ceska Sporitelna (“FCS”). This facility is secured by a pledge of receivables under a factoring agreement with FCS and is available indefinitely, subject to a three-month notice period. The facility bears interest at one-month PRIBOR plus 2.5% for the period that actively assigned accounts receivable are outstanding.

(d) At September 30, 2011, Media Pro Entertainment had an aggregate principal amount of RON 7.5 million (approximately US$ 2.3 million) (December 31, 2010, RON 9.3 million, approximately US$ 2.9 million) of loans outstanding with the Central National al Cinematografei ("CNC"), a Romanian governmental organization which provides financing for qualifying filmmaking projects. Upon acceptance of a particular project, the CNC awards an agreed level of funding to each project in the form of an interest-free loan. Loans from the CNC are typically advanced for a period of ten years and are repaid through the proceeds from the distribution of the film content. At September 30, 2011, we had 12 loans outstanding with the CNC with maturity dates ranging from 2011 to 2020. The carrying amounts at September 30, 2011 and December 31, 2010 are net of a fair value adjustment of US$ 1.0 million and US$ 1.2 million, respectively, arising on acquisition.

Maturity Of Senior Debt And Credit Facility [Table Text Block]

At September 30, 2011, the maturity of our Senior Debt and credit facilities was as follows:



2011	$	3,325
2012	44
2013	129,685
2014	213,918
2015	301,948
2016 and thereafter	738,126
Total Senior Debt and credit facilities	1,387,046
Net discount	(48,302		)
Carrying value of Senior Debt and credit facilities	$	1,338,744

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The future minimum lease payments, by year and in the aggregate, under capital leases with initial or remaining non-cancellable lease terms in excess of one year, consisted of the following at September 30, 2011:



2011	$	366
2012	892
2013	617
2014	409
2015	384
2016 and thereafter	1,651
Total undiscounted payments	4,319
Less: amount representing interest	(552		)
Present value of net minimum lease payments	$	3,767