Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In connection with the acquisition of Chellomedia (see Note 2), management committed to a plan to dispose of the operations of Chellomedia's third-party advertising sales unit, Atmedia. Accordingly, the assets and liabilities of Atmedia are classified as held for sale in the consolidated balance sheet as of March 31, 2014 and the operating results have been classified as discontinued operations in the consolidated statement of income from the acquisition date, January 31, 2014 to March 31, 2014.

Assets and liabilities of discontinued operations are summarized below:

Accounts receivable, trade	$	13,751
Prepaid expenses and other current assets	311
Property and equipment, net of accumulated depreciation	2,078
Amounts due from related parties, net	3,752
Deferred taxes	90
Assets held for sale	$	19,982
Accounts payable	$	14,148
Accrued liabilities	4,948
Deferred revenue	124
Deferred tax liability, net	78
Other liabilities	136
Liabilities held for sale	$	19,434

The operating results of discontinued operations from the acquisition date, January 31, 2014 to March 31, 2014 are summarized below:

Revenues, net	$	6,637
Loss before income taxes	(883		)
Income tax benefit	133
Loss from discontinued operations	$	(750	)