Business Combination (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary valuation of the tangible and identifiable intangible assets acquired and liabilities assumed.



Cash paid, net of cash acquired	$	159,889
Promissory note	40,000
Total consideration transferred	199,889
Redeemable noncontrolling interest	200,000
	$	399,889
Preliminary allocation:
Prepaid expenses and other current assets	621
Accounts receivable, trade	32,240
Program rights	73,219
Deferred carriage fees	567
Property and equipment	111
Intangible assets	113,528
Other assets	46,000
Accounts payable and accrued liabilities	(5,528		)
Program rights obligations	(30,868		)
Deferred revenue	(3,378		)
Fair value of net assets acquired	226,512
Goodwill	173,377
	$	399,889

Business Acquisition, Pro Forma Information

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, 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 June 30, 2014		Six Months Ended June 30, 2014
Revenues, net	$	564,330	$	1,157,602
Income from continuing operations, net of income taxes	$	62,812	$	140,966
Net income per share, basic	$	0.87	$	1.96
Net income per share, diluted	$	0.86	$	1.95