RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2014

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 September 30, 2014, as material related party transactions.

Related Party Transactions

Time Warner



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Purchases of programming	$	5,936	$	10,972	$	16,723	$	46,414
Sales	19		27		37		87
Interest expense	20,817		—		39,318		—



	September 30, 2014		December 31, 2013
Programming liabilities	$	48,113	$	70,371
Other accounts payable and accrued liabilities	364		—
Accounts receivable, gross	178		168
Long-term debt and other financing arrangements ⁽¹⁾	209,753		—
Accrued interest payable ⁽²⁾	22,143		—


⁽¹⁾	Amount represents the principal amount outstanding of the 2017 PIK Notes held by Time Warner and the amounts drawn on the 2017 Term Loan, less respective issuance discounts, plus interest for which we made an election to pay in-kind.


⁽²⁾	Amount represents the accrued interest on the principal amount of the outstanding 2017 PIK Notes held by Time Warner, which is payable in-kind in arrears until November 15, 2015 and the outstanding balance of the 2017 Term Loan, which the Company may elect to pay in cash or in-kind.

- 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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