6. CONTENT ASSETS:

TV One has entered into contracts to acquire entertainment programming rights and programs from distributors and producers. The license periods granted in these contracts generally run from one year to perpetuity. Contract payments are made in installments over terms that are generally shorter than the contract period. Each contract is recorded as an asset and a liability at an amount equal to its gross contractual commitment when the license period begins and the program is available for its first airing.

The gross value and accumulated amortization of the content assets is as follows:

	December 31, 2011			Period of Amortization
	(In thousands)
Content assets	$	95,527		1-8 Years
Less: Accumulated amortization		(31,539	)
Content assets, net	$	63,988

Future estimated content amortization expense related to agreements entered into as of December 31, 2011 for years 2012 through 2016 is as follows:

	(In thousands)

2012	$	27,383
2013	$	17,633
2014	$	9,892
2015	$	4,011
2016	$	1,694