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Business Combination (Tables)
9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
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:
 
Cash, net of cash acquired (1)
$
996,586

 
 
Preliminary purchase price allocation:
 
Accounts receivable, trade
127,808

Program rights
93,505

Prepaid expenses and other current assets
27,634

Deferred tax asset, net
21,021

Property and equipment
42,852

Intangible assets
296,300

Assets held for sale
18,603

Other assets
31,399

Accounts payable
(21,627
)
Accrued liabilities
(45,833
)
Program rights obligations
(31,984
)
Deferred tax liability, net
(24,590
)
Liabilities held for sale
(18,130
)
Other liabilities
(13,996
)
Noncontrolling interests acquired
(30,873
)
Fair value of net assets acquired
472,089

Goodwill
524,497

 
$
996,586


(1) The cash consideration transferred includes the acquisition of an equity method investment acquired during the three months ended September 2014.
Business Acquisition, Pro Forma Information
 
2014
 
2013
 
Pro Forma Financial Information for the Nine Months Ended September 30,
 
Pro Forma Financial Information for the Three Months Ended September 30,
 
Pro Forma Financial Information for the Nine Months Ended September 30,
Revenues, net
$
1,595,324

 
$
483,819

 
$
1,422,047

Income from continuing operations, net of income taxes
$
186,728

 
$
57,473

 
$
257,440

Net income per share, basic
$
2.59

 
$
0.80

 
$
3.59

Net income per share, diluted
$
2.57

 
$
0.78

 
$
3.53