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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS
6 Months Ended
Jun. 30, 2012
Restatement Of Condensed Financial Statements [Abstract]  
Restatement Of Condensed Financial Statements [Text Block]
2. RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS:
 
In its previously filed consolidated financial statements, the Company improperly classified cash payments for TV One content assets as investing activities rather than operating activities in its consolidated statements of cash flows for the year ended December 31, 2011 and all interim periods within that year after the first quarter of 2011 and the three month period ended March 31, 2012. The classification errors had no effect on the reported changes in cash and cash equivalents in any period, and also had no effect on the consolidated balance sheets, the consolidated statements of operations, or the consolidated statements of stockholders’ equity for any period. The reclassification adjustment will decrease cash flows from operating activities and increase cash flows from investing activities by approximately $10.7 million for the three months ended March 31, 2012, by approximately $23.4 million for the year ended December 31, 2011 and by approximately $2.3 million for the six months ended June 30, 2011.
 
The following table summarizes the effects of the restatement adjustments on the consolidated statements of cash flows (in thousands):
 
 
Three Months Ended March 31, 2012
   
Year Ended December 31, 2011
   
Six Months Ended June 30, 2011
 
 
As Previously Reported
   
Adjustments
   
As Restated
   
As Previously Reported
   
Adjustments
   
As Restated
   
As Previously Reported
   
Adjustments
   
As Restated
 
                                                                       
CASH FLOWS FROM OPERATING ACTIVITIES:                                                                      
Payments for content assets
$ -     (10,714 )   (10,714 )   -     (23,412 )   (23,412 )   $ -     (2,345 )   (2,345 )
Net cash flows provided by (used in) operating activities
  23,199       (10,714 )     12,485       55,018       (23,412 )     31,606       2,136       (2,345 )     (209 )
                                                                       
CASH FLOWS FROM INVESTING ACTIVITIES:                                                                      
Payments for content assets
          10,714       10,714       (23,412 )     23,412       -       (2,345 )     2,345       -  
Net cash flows provided by (used in) investing activities
  (10,163 )     10,714       551       32,388       23,412       55,800       59,290       2,345       61,635  
                                                                       
CASH FLOWS FROM FINANCING ACTIVITIES:                                                                      
Net cash flows used in financing activities
  (5,091 )     -       (5,091 )     (60,659 )     -       (60,659 )     (40,729 )     -       (40,729 )
                                                                       
INCREASE IN CASH AND CASH EQUIVALENTS
7,945     -     $ 7,945     26,747     -     26,747     20,697     -     20,697