RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2015

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 49.4% voting interest in CME Ltd. as at December 31, 2015, as material related party transactions.



	For The Year Ending December 31,
	2015		2014		2013
Net revenues	$	198	$	59	$	119
Cost of revenues	32,497		20,713		58,636
Interest expense	127,970		61,887		—



	December 31, 2015		December 31, 2014
Programming liabilities	$	14,583	$	24,980
Other accounts payable and accrued liabilities	53		150
Accounts receivable, gross	—		197
Long-term debt and other financing arrangements ⁽¹⁾	334,114		269,862
Accrued interest payable ⁽²⁾	5,781		4,763
Other non-current liabilities⁽³⁾	31,895		10,299


⁽¹⁾	Amount represents the principal amount outstanding of the 2017 PIK Notes held by Time Warner and the amounts outstanding on the 2017 Term Loan and 2021 Revolving Credit Facility, if drawn, 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 on the outstanding balance of the 2017 Term Loan and the 2021 Revolving Credit Facility, if drawn.


⁽³⁾	Amount represents the commitment fee payable to Time Warner in connection with the 2015 Refinancing Commitment Letter, as well as the accrued fee payable to Time Warner for guaranteeing the 2018 Euro Term Loan and the 2019 Euro Term Loan. See Note 5, "Long-term Debt and Other Financing Arrangements".

See Part III, Item 13, "Certain Relationships and Related Transactions, and Director Independence."

- 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.

+ References + Details