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ACQUISITIONS
6 Months Ended
Jun. 30, 2011
Business Combinations [Abstract]  
Business Combination Disclosure
ACQUISITIONS


Acquisition of Pro Digital


On January 31, 2011, we completed the acquisition of 100.0% of Pro Digital s.r.l. (“Pro Digital”), a company controlled and majority owned by Adrian Sarbu, our President and Chief Executive Officer and a member of our Board of Directors, on a debt-free basis for cash consideration of EUR 0.7 million (approximately US$ 0.9 million at the date of acquisition). Pro Digital is a free-to-air broadcaster in Moldova whose broadcasts on its PRO TV CHISINAU channel are comprised primarily of rebroadcasts of our PRO TV channel in Romania.  In connection with this transaction, we allocated EUR 0.5 million (approximately US$ 0.7 million at the date of acquisition) to goodwill.


Acquisition of Bontonfilm


On June 30, 2011, we completed the acquisition of 100.0% of the shares of Bontonfilm, a Czech company, from an affiliate of Bancroft Private Equity, LLP (“Bancroft”) and minority shareholders. Bontonfilm is a distribution company that distributes theatrical, home entertainment, digital and television rights in the Czech Republic and the Slovak Republic.


The purchase price was on a debt-free basis and consisted of initial cash consideration of US$ 11.0 million paid at closing, with approximately US$ 3.0 million in the business as of June 30, 2011.  Additional cash consideration of approximately US$ 1.5 million may be payable to the sellers in December 2011, depending on the amount of cash and working capital in the business at closing and the sellers' satisfaction of certain other potential indemnification obligations. The provisional amount allocated to goodwill and intangibles in the condensed consolidated financial statements as of June 30, 2011 totaled US$ 1.3 million. All of the provisional goodwill was allocated to the Distribution and Exhibition reporting unit in the MPE operating segment.