RESTRUCTURING COSTS

3 Months Ended

Mar. 31, 2014

Restructuring and Related Activities [Abstract]

Segment Reorganization Plan

In the first quarter of 2013, the Company changed the composition of its operating segments. From January 1, 2013, the Broadcast, Media Pro Entertainment and New Media operating segments were reorganized to streamline central resources and create six new operating segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. In connection with this change in segments, we incurred restructuring costs to reorganize our businesses through these geographic segments (the "Segment Reorganization Plan"). Actions under the Segment Reorganization Plan were completed as of December 31, 2013; and payments related to these actions are expected to be substantially complete by the middle of 2014.

2014 Initiatives

In 2014, we undertook further restructuring actions as our new station management teams seek to optimize their cost base across all departments (the "2014 Initiatives"). We expect to incur total restructuring charges, primarily employee termination benefits, under the 2014 Initiatives of US$ 8.0 million, and expect to complete actions by the end of 2014.

Information relating to restructuring by type of cost is as follows:



	Segment Reorganization Plan									2014 Initiatives
	Employee Termination Costs			Other Exit Costs			Total			Employee Termination Costs			Other Exit Costs		Total			Grand Total
BALANCE December 31, 2013	$	2,674		$	631		$	3,305		$	—		$	—	$	—		$	3,305
Costs incurred	—			—			—			5,865			61		5,926			5,926
Cash paid	(1,438		)	(13		)	(1,451		)	(2,594		)	—		(2,594		)	(4,045		)
Accrual reversal	—			(560		)	(560		)	—			—		—			(560		)
Foreign currency movements	9			2			11			—			—		—			11
BALANCE March 31, 2014	$	1,245		$	60		$	1,305		$	3,271		$	61	$	3,332		$	4,637

A summary of restructuring charges for the three months ended March 31, 2014 by operating segment is as follows:



	For the Three Months Ended March 31, 2014
	Employee Termination Costs		Other Exit Costs		Accrual Reversal			Total
Bulgaria	$	3,317	$	42	$	—		$	3,359
Czech Republic	440		—		—			440
Romania	1,747		—		—			1,747
Slovak Republic	361		19		(560		)	(180		)
Total restructuring costs	$	5,865	$	61	$	(560	)	$	5,366

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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