Business Combination (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the tangible and identifiable intangible assets acquired and liabilities assumed. The excess of the purchase price over those fair values was allocated to goodwill.



Consideration Transferred ⁽¹⁾:
Cash, net of cash acquired	$	993,210

Preliminary purchase price allocation:
Accounts receivable, trade	133,200
Program rights	93,505
Prepaid expenses and other current assets	27,635
Deferred tax asset, net	12,677
Property and equipment	39,041
Intangible assets	306,564
Assets held for sale	18,928
Other assets	35,154
Accounts payable	(21,627		)
Accrued liabilities	(45,833		)
Program rights obligations	(31,984		)
Deferred tax liability, net	(17,220		)
Liabilities held for sale	(18,130		)
Other liabilities	(14,119		)
Noncontrolling interests acquired	(22,009		)
Fair value of net assets acquired	495,782
Goodwill	497,428
	$	993,210

⁽¹⁾ The cash consideration transferred is subject to adjustments in future periods for working capital, net debt acquired and for certain equity method investments that were not acquired at the acquisition date.

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information is based on the historical consolidated financial statements of AMC Networks and the historical combined financial statements of Chellomedia and is intended to provide information about how the acquisition of Chellomedia and related financing may have affected AMC Networks' historical consolidated financial statements if they had closed as of January 1, 2013. The unaudited pro forma information has been prepared for comparative purposes only and includes adjustments for additional interest expense associated with the terms of the Company's amended and restated credit agreement (see Note 7), estimated additional depreciation and amortization expense as a result of tangible and identifiable intangible assets acquired, and the reclassification of the operating results of the Atmedia business to discontinued operations (see Note 4). The pro forma information is not necessarily indicative of the results of operations that would have been achieved had the acquisition taken place on the date indicated or that may result in the future.



	Pro Forma Financial Information for the Three Months Ended March 31,
	2014		2013
Revenues, net	$	553,681	$	468,995
Income from continuing operations, net of income taxes	$	74,288	$	63,878
Net income per share, basic	$	1.04	$	0.90
Net income per share, diluted	$	1.02	$	0.88