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:

	As of December 31,
	2012		2011		Period of Amortization
	(In thousands)

Content assets	$	144,723	$	97,856	1-9 Years
Less: Accumulated amortization		(78,019)		(31,539)
Content assets, net	$	66,704	$	66,317

Future estimated content amortization expense related to agreements entered into as of December 31, 2012 for years 2013 through 2017 is as follows:

	(In thousands)

2013	$	27,723
2014	$	15,932
2015	$	8,312
2016	$	3,569
2017	$	1,331

Future minimum content payments required under agreements entered into as of December 31, 2012 are as follows:

	(In thousands)

2013	$	17,695
2014	$	6,995
2015	$	2,567
2016	$	1,130
2017	$	270