RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2014

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 may be 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 Time Warner, who is represented on our Board of Directors and holds a 49.6% voting interest in CME Ltd. as at March 31, 2014, as material related party transactions.

Related Party Transactions

Time Warner



	For the Three Months Ended March 31,
	2014		2013
Purchases of programming	$	6,718	$	14,831
Sales	4		41



	March 31, 2014		December 31, 2013
Programming liabilities	$	92,926	$	70,517
Accounts payable and accrued liabilities ⁽¹⁾	5,358		—
Accounts receivable, gross	164		168

(1) Amount represents commitment fee incurred in connection with the financing transactions contemplated under the Framework Agreement. See Note 5, "Long-term Debt and Other Financing Arrangements".

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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