RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Overview

There is a limited local market for many specialty broadcasting and production services in the countries in which we operate; many of these services are provided by parties known to be connected to our local shareholders, members of our management and board of directors or our equity investees.  Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist.  We continue to review all of these arrangements.

Related Party Groups

We consider our related parties to be those shareholders who have direct control and/or influence and other parties that can significantly influence management as well as our officers and directors; a “connected” party is one in relation to whom we are aware of the existence of a family or business connection to a shareholder, director or officer. We have identified transactions with individuals or entities associated with the following individuals or entities as material related party transactions: Adrian Sarbu, our President and Chief Executive Officer, a member of our Board of Directors and beneficial owner of approximately 3.2% of our outstanding shares of Class A common stock as at June 30, 2012; and Time Warner, who is represented on our Board of Directors and was the beneficial owner of approximately 42.0% of our outstanding shares of Class A common stock as at June 30, 2012.

Related Party Transactions

Adrian Sarbu

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2012		2011		2012		2011
Purchases of services	$	872	$	1,250	$	1,962	$	2,407
Sales	240		559		601		735

	As at June 30,		As at December 31,
	2012		2011
Accounts payable	$	521	$	512
Accounts receivable	754		765

Time Warner

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2012		2011		2012		2011
Purchases of programming	$	16,052	$	11,628	$	24,257	$	16,233
Sales	67		40		167		60

	As at June 30,		As at December 31,
	2012		2011
Accounts payable	$	70,513	$	78,016
Accounts receivable	131		159

See Note 4, "Long-Term Debt and Other Financing Arrangements" and Note 11, "Financial Instruments and Fair Value Measurements" for discussion of transactions with Time Warner to reduce our indebtedness. The TW Loan was repaid on July 3, 2012, see Note 20, "Subsequent Events".