Hemisphere Media (HMTV) 10-Q 12 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	10-May-15
Entity Registrant Name	HEMISPHERE MEDIA GROUP, INC.
Entity Central Index Key	1567345
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Common Class A
Entity Common Stock, Shares Outstanding		15,009,004
Common Class B
Entity Common Stock, Shares Outstanding		30,027,418

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current Assets
Cash	$147,267	$142,010
Accounts receivable, net of allowance for doubtful accounts of $490 and $439, respectively	21,200	22,677
Due from related parties, net of allowance for doubtful accounts of $681 and $634, respectively	2,899	3,420
Programming rights	6,242	5,441
Deferred taxes	4,222	4,222
Prepaid taxes and other current assets	6,664	8,071
Total current assets	188,494	185,841
Programming rights	7,945	6,652
Property and equipment, net	23,224	23,867
Deferred financing costs, net	2,631	2,758
Broadcast license	41,356	41,356
Goodwill	164,887	164,887
Other intangibles, net	88,178	91,611
Other assets	1,525	1,425
Total Assets	518,240	518,397
Current Liabilities
Accounts payable	2,139	2,176
Due to related parties	590	787
Accrued agency commissions	1,716	6,642
Accrued compensation and benefits	2,715	3,391
Accrued marketing	3,024	3,245
Other accrued expenses	5,699	5,312
Programming rights payable	5,225	4,228
Current portion of long-term debt	2,250	2,250
Total current liabilities	23,358	28,031
Programming rights payable	1,256	111
Long-term debt, net of current portion	219,074	219,541
Deferred taxes	11,670	11,670
Defined benefit pension obligation	2,682	2,631
Total Liabilities	258,040	261,984
Stockholders' Equity
Preferred stock, $0.0001 par value; 50,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2015 and December 31, 2014
Additional paid-in capital	248,183	246,858
Treasury stock, at cost; 146,703 at March 31,2015 and December 31, 2014	-1,961	-1,961
Retained earnings	14,560	12,098
Accumulated comprehensive loss	-586	-586
Total Stockholders' Equity	260,200	256,413
Total Liabilities and Stockholders' Equity	518,240	518,397
Common Class A
Stockholders' Equity
Common stock	1	1
Common Class B
Stockholders' Equity
Common stock	$3	$3

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Accounts receivable, allowance for doubtful accounts	$490	$439
Due from related parties, allowance for doubtful accounts	$681	$634
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Treasury stock, shares	146,703	146,703
Common Class A
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	14,518,734	14,518,734
Common stock, shares outstanding	14,518,734	14,518,734
Common Class B
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	33,000,000	33,000,000
Common stock, shares issued	30,027,418	30,027,418
Common stock, shares outstanding	30,027,418	30,027,418

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statements of Operations
Net revenues	$29,471	$20,951
Operating Expenses:
Cost of revenues	9,453	7,598
Selling, general and administrative	8,584	6,881
Depreciation and amortization	4,381	2,578
Other expenses		249
Gain on disposition of assets	-3	-2
Total operating expenses	22,415	17,304
Operating income	7,056	3,647
Other Expenses:
Interest expense, net	-2,983	-2,907
Income before income taxes	4,073	740
Income tax expense	-1,611	-492
Net income	$2,462	$248
Earnings per share:
Basic (in dollars per share)	$0.06	$0.01
Diluted (in dollars per share)	$0.06	$0.01
Weighted average shares outstanding:
Basic (in shares)	42,396	42,172
Diluted (in shares)	43,245	42,609

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statements of Comprehensive Income (Loss)
Net income	$2,462	$248
Comprehensive income	$2,462	$248

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Changes in Stockholders' Equity (USD $)	Common Stock	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
In Thousands, unless otherwise specified	Common Class A	Common Class B		Common Class A
Balance at the beginning of the period at Dec. 31, 2014	$1	$3	$246,858	($1,961)	$12,098	($586)	$256,413
Balance at the beginning of the period (in shares) at Dec. 31, 2014	14,519	30,027
Changes in Stockholders' Equity
Net income					2,462		2,462
Stock-based compensation			1,325				1,325
Balance at the end of the period at Mar. 31, 2015	$1		$248,183	($1,961)	$14,560	($586)	$260,200
Balance at the end of the period (in shares) at Mar. 31, 2015	14,519	30,027

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net income	$2,462	$248
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	4,381	2,578
Program amortization	2,869	2,444
Amortization of deferred financing costs	127	127
Amortization of original issue discount	96	64
Stock-based compensation	1,325	1,514
Provision for bad debts	98	84
Gain on disposition of assets	-3	-2
(Increase) decrease in:
Accounts receivable	1,426	1,588
Programming rights	474	227
Due from related parties	-4,963	-2,427
Prepaid expenses and other current assets	1,307	-300
Increase (decrease) in:
Accounts payable	-37	96
Due to related parties	-197	40
Accrued expenses	-5,436	-5,909
Programming rights payable	2,142	-89
Other liabilities	51	12
Net cash provided by operating activities	6,122	295
Cash Flows From Investing Activities:
Cash held in escrow in connection with the Cable Networks Acquisition		-101,891
Proceeds from sale of assets	3	7
Capital expenditures	-305	-687
Net cash used in investing activities	-302	-102,571
Cash Flows From Financing Activities:
Repayments of long-term debt	-563	-438
Proceeds from issuance of stock		1
Net cash used in financing activities	-563	-437
Net increase (decrease) in cash	5,257	-102,713
Cash:
Beginning	142,010	176,622
Ending	147,267	73,909
Cash payments for:
Interest	2,798	2,721
Income taxes	$402

Nature_of_Business

Nature of Business	3 Months Ended
	Mar. 31, 2015
Nature of Business
Nature of Business	Note 1. Nature of Business
	Nature of business:  The accompanying Condensed Consolidated Financial Statements include the accounts of Hemisphere Media Group, Inc. (“Hemisphere” or the “Company”), the parent holding company of Cine Latino, Inc. (“Cinelatino”), WAPA Holdings, LLC (formerly known as InterMedia Español Holdings, LLC) (“WAPA”), and HMTV Cable, Inc., the parent company of the entities for the newly acquired networks consisting of Pasiones, TV Dominicana, and Centroamerica TV (see below).  The Company determines its operating segments based upon (i) financial information reviewed by the chief operating decision maker, the Chief Executive Officer, (ii) internal management and related reporting structure and (iii) the basis upon which the chief operating decision maker makes resource allocation decisions. We have one operating segment, Hemisphere. In these notes, the terms “Company,” “we,” “us” or “our” mean Hemisphere and all subsidiaries included in our Condensed Consolidated Financial Statements.
	Basis of Presentation:  The accompanying unaudited Condensed Consolidated Financial Statements for Hemisphere and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement have been included. Our financial condition as of, and operating results for the three months ended March 31, 2015 are not necessarily indicative of the financial condition or results that may be expected for any future interim period or for the year ending December 31, 2015. These Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our 2014 Annual Report.
	On April 1, 2014, we acquired the assets of three Spanish-language cable television networks from Media World, LLC, a Florida limited liability company (“Media World”), for $101.9 million in cash. The three acquired cable networks include Pasiones, Centroamerica TV and TV Dominicana.
	Net Earnings per Common Share:  Basic earnings per share (“EPS”) are computed by dividing income attributable to common stockholders by the number of weighted-average outstanding shares of common stock.  Diluted EPS reflects the effect of the assumed exercise of stock options and vesting of restricted shares only in the periods in which such effect would have been dilutive.
	The following table sets forth the computation of the common shares outstanding used in determining basic and diluted EPS (amounts in thousands):
		Three Months Ended March 31,
		2015		2014
	Numerator for earnings per common share calculation:
	Net income	$	2,462	$	248
	Denominator for earnings per common share calculation:
	Weighted-average common shares, basic	42,396		42,172
	Effect of dilutive securities
	Stock options, restricted stock and warrants	849		437
	Weighted-average common shares, diluted	43,245		42,609
	EPS
	Basic	$	0.06	$	0.01
	Diluted	$	0.06	$	0.01
	We apply the treasury stock method to measure the dilutive effect of our outstanding stock options and restricted stock awards and include the respective common share equivalents in the denominator of our diluted income per common share calculation. Potentially dilutive securities representing 1.0 million shares of common stock for the three-months ended March 31, 2015, were excluded from the computation of diluted income per common share for this period because their effect would have been anti-dilutive. The net income per share amounts are the same for our Class A common stock, par value $0.0001 per share (“Class A common stock”) and Class B common stock, par value $0.0001 per share (“Class B common stock”), because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
	Use of estimates:  In preparing these financial statements, management had to make estimates and assumptions that affected the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities as of the balance sheet dates, and the reported revenues and expenses for the three months ended March 31, 2015 and 2014. Such estimates are based on historical experience and other assumptions that are considered appropriate in the circumstances. However, actual results could differ from those estimates.
	Recent Accounting Pronouncements: In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2015-05 Intangibles — Goodwill and Other Internal-Use Software (Subtopic 350-40). The guidance applies to internal use software that a customer obtains access to in a hosting arrangement, where the customer has the contractual right to take possession of the software at any time without significant penalty and it is feasible that they could run the software on their own or contract with another unrelated vendor.  The standard is effective for years beginning after December 15, 2015, and is not currently applicable to the Company.
	In April 2015, the FASB issued ASU 2015-04 Compensation — Retirement Benefits (Topic 715) Practical Expedient for the Measurement Date of an Employers Defined Benefit Obligations and Plan Assets. This ASU was issued to provide guidance to entities that have a year-end that does not coincide with a month-end, to provide an expedient measurement date with regards’ to defined benefit pension plans and other post-retirement benefit plans. ASU 2015-04 is effective for fiscal years beginning after December 15, 2015 and is not applicable to the Company.
	In April 2015, the FASB issued, ASU 2015-03 Interests — Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs, requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. Recognition and measurement guidance are not impacted by the ASU.  The guidance is effective for fiscal years beginning after December 15, 2015, with retrospective disclosure upon transition, for all periods presented.  We will adopt the guidance in the first quarter of 2016, with the impact to our consolidated statement of position to be a reduction in assets where deferred costs are currently disclosed and a reduction to long-term debt where these costs will be recorded after the transition.
	In February 2015, the FASB issued ASU 2015-02 Consolidation (Topic 810) Amendments to the Consolidation Analysis. Effective for fiscal years beginning after December 15, 2015, the update effects the consolidation criteria around limited partnerships and similar legal entities; evaluation of fees paid to a decision maker or a service provider as a variable interest; the determination of primary beneficiary of a variable interest entity (VIE) when fee arrangements exist, the treatment of related parties in the VIE consolidation model and the consolidation of certain investment funds.  We do not expect there to be any impact on the consolidated financial statements as a result of this guidance.
	In January 2015, ASU 2015-01 Income Statement — Extraordinary and Unusual Items (Subtopic 225-20) Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, was issued by the FASB. The ASU eliminates the concept of extraordinary items. Presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be expanded to include items that are both unusual in nature and infrequent in occurrence.  The guidance is effective for years beginning after December 15, 2015 and will be adopted in the first quarter of 2016. We do not expect there to be a material impact on the consolidated financial statements as a result of this guidance.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions
Related Party Transactions	Note 2. Related Party Transactions
	The Company has various agreements with MVS Multivision Digital S. de R.L. de C.V. and its affiliates (collectively “MVS”), a Mexican media and television conglomerate, which have directors and stockholders in common with the Company as follows:
		·	An agreement through August 1, 2017 pursuant to which MVS provides Cinelatino with satellite and support services including origination, uplinking and satellite delivery of two feeds of Cinelatino’s channel (for U.S. and Latin America), master control and monitoring, dubbing, subtitling and close captioning, and other support services (the “Satellite and Support Services Agreement”). Total expenses incurred were $0.5 million and $0.5 million for the three months ended March 31, 2015 and 2014, respectively, and are included in cost of revenues.
		·	A ten-year master license agreement through July 2017, which grants MVS the non-exclusive right (except with respect to pre-existing distribution arrangements between MVS and third party distributors that are effective at the time of the consummation of the Transaction) to duplicate, distribute and exhibit Cinelatino’s service via cable, satellite or by any other means in Latin America and in Mexico to the extent that Mexico distribution is not owned by MVS. Pursuant to the agreement, Cinelatino receives revenue net of MVS’s distribution fees, which is presently equal to 13.5% of all license fees collected from distributors in Latin America and Mexico. Total revenues recognized were $1.2 million and $1.0 million for the three months ended March 31, 2015 and 2014, respectively.
		·	An affiliation agreement through August 1, 2017 for the distribution and exhibition of Cinelatino’s programming service through Dish Mexico (dba Commercializadora de Frecuencias Satelitales, S de R.L. de C.V.), an MVS affiliate that transmits television programming services throughout Mexico. Total revenues recognized were $0.5 million and $0.5 million for the three months ended March 31, 2015 and 2014, respectively.
		·	In November 2013, Cinelatino licensed six movies from MVS. Expenses incurred under this agreement are included in cost of revenues and amounted to $0 million and $0 million for the three months ended March 31, 2015 and 2014, respectively. At March 31, 2015 and December 31, 2014, $0.0 million and $0.0 million, respectively, is included in programming rights related to this agreement.
	Amounts due from MVS pursuant to the agreements noted above, net of an allowance for doubtful accounts, amounted to $2.9 million and $3.4 million at March 31, 2015 and December 31, 2014, respectively, and are remitted monthly. Amounts due to MVS pursuant to the agreements noted above amounted to $0.5 million and $0.7 million at March 31, 2015 and December 31, 2014, respectively, and are remitted monthly.
	We entered into a three-year consulting agreement effective April 9, 2013 with James M. McNamara, a member of the Company’s board of directors, to provide the development, production and maintenance of programming, affiliate relations, identification and negotiation of carriage opportunities, and the development, identification and negotiation of new business initiatives including sponsorship, new channels, direct-to-consumer programs and other interactive initiatives. Prior to that, Cinelatino entered into a consulting agreement with an entity owned by James M. McNamara. Total expenses incurred under these agreements are included in selling, general and administrative expenses and amounted to $0.1 million and $0 million for the three months ended March 31, 2015 and 2014, respectively. Amounts due this related party totaled $0.1 million and $0.1 million at March 31, 2015 and December 31, 2014, respectively.
	We have entered into programming agreements with Panamax Films, LLC (“Panamax”), an entity owned by James M. McNamara for the licensing of three movie titles. Expenses incurred under this agreement are included in cost of revenues in the accompanying consolidated statements of operations, and amounted to $0 million and $0 million for the three months ended March 31, 2015 and 2014, respectively. At March 31, 2015 and December 31, 2014, $0.2 million and $0.2 million, respectively, is included in Programming Rights in the accompanying consolidated balance sheets.
	During 2013, we engaged Pantelion to assist in the theatrical distribution of a feature film in the United States. Pantelion is a joint venture made up of several organizations, including Panamax Films, LLC (“Panamax”), Lions Gate Films Inc. (“Lions Gate”) and Grupo Televisa. Panamax is owned by James McNamara, who is also the Chairman of Pantelion. We agreed to pay to Pantelion in connection with their services no more than 12.5% of all “rentals” (box-office proceeds earned from the theatrical run of the film and reimbursable expenses). Total expenses incurred are included in cost of revenues in the accompanying consolidated statements of operations and amounted to $0 million and $0 million for the three months ended March 31, 2015 and 2014, respectively. Amounts due to Pantelion at March 31, 2015 and December 31, 2014 totaled $0 million and $0 million, respectively.
	We are operating under a non-binding term sheet (subject to documentation and execution of a definitive agreement) to license the rights to fourteen (14) motion pictures from Lions Gate for a total license fee of $0.8 million. Lions Gate has an agreement with Pantelion, to act as Pantelion’s exclusive agent with respect to licensing certain content which is owned by Pantelion. Fees paid by Cinelatino to Lions Gate may be remunerated to Pantelion in accordance with their financial arrangements. Expenses incurred under this agreement are included in cost of revenues in the accompanying consolidated statements of operations, and amounted to $0 million for the three months ended March 31, 2015.  At March 31, 2015, $0 million is included in programming rights in the accompanying consolidated balance sheets related to this agreement.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets
Goodwill and Intangible Assets	Note 3. Goodwill and Intangible Assets
	Goodwill and intangible assets consist of the following at March 31, 2015 and December 31, 2014 (amounts in thousands):
		March 31, 2015		December 31, 2014
	Broadcast license	$	41,356	$	41,356
	Goodwill	164,887		164,887
	Other intangibles	88,178		91,611
	Total intangible assets	$	294,421	$	297,854
	A summary of changes in the Company’s goodwill and other indefinite lived intangible assets, on a net basis, for the three-months ended March 31, 2015 is as follows (amounts in thousands):
		Net Balance at		Additions		Impairment			Net Balance at
		December 31, 2014							March 31, 2015
	Broadcast license	$	41,356	$	—	$	—		$	41,356
	Goodwill	164,887		—		—			164,887
	Brands	15,986		—		—			15,986
	Other intangibles	700		—		—			700
	Total indefinite-lived intangibles	$	222,929	$	—	$	—		$	222,929
	A summary of the changes in the Company’s other amortizable intangible assets for the three-months ended March 31, 2015 is as follows (amounts in thousands):
		Net Balance at		Additions		Amortization			Net Balance at
		December 31, 2014							March 31, 2015
	Affiliate relationships	$	69,064	$	—	$	(3,075	)	$	65,989
	Advertiser Relationships	2,896		—		(138		)	2,758
	Non-Compete Agreement	2,882		—		(137		)	2,745
	Other intangibles	83		—		(83		)	—
	Total finite-lived intangibles	$	74,925	$	—	$	(3,433	)	$	71,492
	The aggregate amortization expense of the Company’s amortizable intangible assets was $3.4 million and $1.6 million for the three months ended March 31, 2015 and 2014, respectively. The weighted average remaining amortization period is 5.8 years at March 31, 2015.
	Future estimated amortization expense is as follows (amounts in thousands):
	Year Ending December 31,	Amount
	2015	$	10,049
	2016	13,399
	2017	13,227
	2018	13,169
	2019	8,432
	2020 and thereafter	13,216
		$	71,492

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Taxes
Income Taxes	Note 4. Income Taxes
	For the three-months ended March 31, 2015 and 2014, our income tax expense has been computed utilizing the estimated annual effective rates of 39.5% and 38.8% respectively. The difference between the actual effective rate of 39.5% and the statutory Federal income tax rate of 35% in each three-month period, is primarily due to state income taxes.   Income tax expense for the three months ended March 31, 2015 and 2014 was $1.6 million and $0.5 million, respectively.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2015
Long-Term Debt
Long-Term Debt	Note 5. Long-Term Debt
	Long-term debt at March 31, 2015 and 2014 consists of the following (amounts in thousands):
		March 31, 2015			December 31, 2014
	Senior Notes due July 2020	$	221,324		$	221,791
	Less: Current portion	(2,250		)	(2,250		)
		$	219,074		$	219,541
	On July 30, 2013 certain of our subsidiaries (the “Borrowers”) entered into a credit agreement providing for a $175.0 million senior secured term loan B facility (the “Term Loan Facility”) which matures on July 30, 2020. On July 31, 2014, certain of our subsidiaries amended the Term Loan Facility (the “Amended Term Loan Facility”) which provides for an aggregate principal amount of $225.0 million and matures on July 30, 2020.  Pricing on the Amended Term Loan Facility was set at LIBOR plus 400 basis points (decreased from a margin of 500 basis points) subject to a LIBOR floor of 1.00% (decreased from a LIBOR floor of 1.25%), resulting in an effective interest rate of 5.00% in the current quarter, and 0.5% of original issue discount (“OID”). The Amended Term Loan Facility also provides an uncommitted accordion option (the “Incremental Facility”) allowing for additional borrowings under the Term Loan Facility up to an aggregate principal amount equal to (i) $40.0 million plus (ii) an additional amount of up to 4.0x first lien net leverage. The obligations under the Amended Term Loan Facility are guaranteed by HMTV, LLC, our direct wholly-owned subsidiary, and all of our existing and future subsidiaries (subject to certain exceptions in the case of immaterial subsidiaries). Additionally, the Amended Term Loan Facility provides for an uncommitted incremental revolving loan option in an aggregate principal amount of up to $20.0 million, which shall be secured on a pari passu basis by the collateral securing the Amended Term Loan Facility.  The Amended Term Loan Facility is secured by a first-priority perfected security interest in substantially all of our assets.
	The proceeds of the Term Loan Facility, as amended, were used to pay fees and expenses associated with the Transaction and the Cable Networks Acquisition, and for general corporate purposes including potential future acquisitions.  The OID of $2.0 million, net of accumulated amortization of $0.4 million at March 31, 2015, was recorded as a reduction to the principal amount of the Term Loan Facility outstanding and will be amortized as a component of interest expense over the term of the Amended Term Loan Facility. We recorded $2.6 million of deferred financing costs associated with the Term Loan Facility, as amended, net of accumulated amortization of $0.6 million at March 31, 2015, which will be amortized utilizing the effective interest rate method over the remaining term of the Amended Term Loan Facility.
	The Amended Term Loan Facility principal payments are payable on quarterly due dates commencing September 30, 2014, with a final installment on July 30, 2020.
	In addition, pursuant to the terms of the Amended Term Loan Facility, within 90 days after the end of each fiscal year (commencing with the fiscal year ending December 31, 2015), the Borrowers are required to make a prepayment of the loan principal in an amount equal to 50% of the excess cash flow of the most recently completed fiscal year. Excess cash flow is generally defined as net income plus depreciation and amortization expense, less mandatory prepayments of the term loan, interest charges, income taxes and capital expenditures, and adjusted for the change in working capital. The percentage of the excess cash flow used to determine the amount of the prepayment of the loan declines from 50% to 25% and again to 0% at lower leverage ratios.
	The carrying value of the long-term debt approximates fair value at December 31, 2014 and March 31, 2015. The estimated fair value of our variable-rate debt was derived from quoted market prices by independent dealers (Level 2 in the fair value hierarchy under ASC 820, Fair Value Measurements and Disclosures). The following are the maturities of our long-term debt as of March 31, 2015 (amounts in thousands):
	Year Ending December 31,
	Remainder of 2015	$	1,688
	2016	2,250
	2017	2,250
	2018	2,250
	2019 and thereafter	214,875
		$	223,313

Stockholders_Equity

Stockholder's Equity	3 Months Ended
	Mar. 31, 2015
Stockholder's Equity
Stockholder's Equity	Note 6. Stockholders’ Equity
	Equity Incentive Plans
	An aggregate of 4.0 million shares of our Class A common stock were authorized for issuance under the terms of the Hemisphere Media Group, Inc. 2013 Equity Incentive Plan (the “2013 Equity Incentive Plan). At March 31, 2015, 0.9 million shares remained available for issuance of stock options or other stock-based awards under our Equity Incentive Plan (including shares of restricted Class A common stock surrendered to the Company in payment of taxes required to be withheld in respect of vested shares of restricted Class A common stock and available for issuance). The expiration date of the 2013 Equity Incentive Plan, on and after which date no awards may be granted, is April 4, 2023. The Company’s board of directors administers the 2013 Equity Incentive Plan, and has the sole and plenary authority to, among other things: (i) designate participants; (ii) determine the type, size, and terms and conditions of awards to be granted; (iii) determine the method by which an award may be settled, exercised, canceled, forfeited, or suspended.
	The Company’s time-based restricted stock awards and option awards generally vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the grantee’s continued employment or service with the Company. The Company’s event-based restricted stock awards and option awards generally vest either upon the Company’s Class A common stock attaining a $15.00 closing price per share, as quoted on the NASDAQ Global Market, on at least 10 trading days, subject to the grantee’s continued employment or service with the Company. Other event-based restricted stock awards granted to certain members of our Board vest on the day preceding the Company’s annual shareholder meeting.
	Stock-Based Compensation
	Stock-based compensation expense related to stock options and restricted stock was $1.3 million and $1.5 million for the three months ended March 31, 2015 and 2014, respectively. At March 31, 2015, there was $3.3 million of total unrecognized compensation cost related to non-vested stock options, which is expected to be recognized over weighted-average period of 2.1 years. At March 31, 2015, there was $2.8 million of total unrecognized compensation cost related to non-vested restricted stock, which is expected to be recognized over a weighted-average period of 1.1 years.
	Stock Options
	The fair value of stock options granted is estimated at the date of grant using the Black-Scholes pricing model for time-based options and the Monte Carlo simulation model for event-based options. The expected term of options granted is derived using the simplified method under ASC 718-10-S99-1/SEC Topic 14.D for “plain vanilla” options and the Monte Carlo simulation for event-based options. Expected volatility is based on the historical volatility of the Company’s competitors given its lack of trading history. The risk- free interest rate is based on the U.S. Treasury yield for a period consistent with the expected term of the option in effect at the time of the grant. The Company has estimated forfeitures of 1.5%, as the awards are to management for which the Company expects lower turnover, and has assumed no dividend yield, as dividends have never been paid to stock or option holders and will not be paid for the foreseeable future.
	Black-Scholes Option Valuation Assumptions	Three Months Ended	2014
		March 31, 2015
	Risk-free interest rate	1.77%-2.12%	1.76%-1.92%
	Dividend yield	—	—
	Volatility	27.5%-29.5%	28.4%-30.9%
	Weighted-average expected term (years)	6.9	6.0-6.3
	The following table summarizes stock option activity for the three months ended March 31, 2015 (shares and intrinsic value in thousands):
		Number of shares	Weighted-average		Weighted-average	Aggregate intrinsic
			exercise price		remaining contractual	value
					term
	Outstanding at December 31, 2014	1,870	$	11.23	8.4	$	4,721
	Granted	65	13.49		6.9	—
	Exercised	—	—		—	—
	Forfeited	—	—		—	—
	Expired	—	—		—	—
	Outstanding at March 31, 2015	1,935	$	11.30	8.2	$	3,423
	Vested at March 31, 2015	670	$	11.07	7.9	$	1,315
	Exercisable at March 31, 2015	670	$	11.07	7.9	$	1,315
	The weighted average grant date fair value of options granted for the three months ended March 31, 2015 was $4.48. At March 31, 2015, 0.3 million options granted are unvested, event-based options.
	Restricted Stock
	Certain employees and directors have been awarded restricted stock under the 2013 Equity Incentive Plan.  The time-based restricted stock grants vest primarily over a period of three years.  The fair value and expected term of event-based restricted stock grants is estimated at the grant date using the Monte Carlo simulation model.
	The following table summarizes restricted share activity for the three months ended March 31, 2015 (shares in thousands):
		Number of shares	Weighted-average
			grant date fair
			value
	Outstanding at December 31, 2014	719	$	9.82
	Granted	—	—
	Vested	—	—
	Forfeited	—	—
	Outstanding at March 31, 2015	719	$	9.82
	At March 31, 2015, 0.2 million shares of restricted stock issued were unvested, event-based shares.
	Warrants
	In connection with our capitalization noted above, we have issued 14.7 million warrants, which qualify as equity instruments. Each warrant entitles the holder to purchase one-half of one share of our Class A common stock at a price of $6.00 per half share. At March 31, 2015, 14.7 million warrants were issued and outstanding, which are exercisable into 7.3 million shares of our Class A common stock. Warrants are only exercisable for a whole number of shares of common stock (i.e. only an even number of warrants may be exercised at any given time by a registered holder). As a result, a holder must exercise a least two warrants, at an effective exercise price of $12.00 per share. At the option of the Company, 10.0 million warrants may be called for redemption, provided that the last sale price of our Class A common stock reported has been at least $18.00 per share on each of twenty trading days within the thirty-day period ending on the third business day prior to the date on which notice of redemption is given. The warrants expire on April 4, 2018. During the three months ended March 31, 2015, no warrants were exercised.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2015
Contingencies
Contingencies	Note 7.  Contingencies
	We are involved in various legal actions, generally related to our operations.  Management believes, based on advice from legal counsel, that the outcomes of such legal actions will not materially affect our financial condition.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2015
Commitments
Commitments	Note 8. Commitments
	We have entered into certain rental property contracts with third parties, which are accounted for as operating leases. Rental expense was $0.1 million and $0.1 million for the three months ended March 31, 2015 and 2014, respectively.
	We have certain commitments including various operating leases.
	Future minimum payments for these commitments and other commitments are as follows (amounts in thousands):
	Year Ending December 31,	Operating Leases		Other Commitments		Total
	Remainder of 2015	$	73	$	7,173	$	7,246
	2016	35		5,073		5,108
	2017	25		2,069		2,094
	2018	25		1,266		1,291
	2019 and thereafter	6		1,363		1,369
	Total	$	164	$	16,944	$	17,108

Nature_of_Business_Policies

Nature of Business (Policies)	3 Months Ended
	Mar. 31, 2015
Nature of Business
Basis of Presentation:	Basis of Presentation:  The accompanying unaudited Condensed Consolidated Financial Statements for Hemisphere and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement have been included. Our financial condition as of, and operating results for the three months ended March 31, 2015 are not necessarily indicative of the financial condition or results that may be expected for any future interim period or for the year ending December 31, 2015. These Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our 2014 Annual Report.
	On April 1, 2014, we acquired the assets of three Spanish-language cable television networks from Media World, LLC, a Florida limited liability company (“Media World”), for $101.9 million in cash. The three acquired cable networks include Pasiones, Centroamerica TV and TV Dominicana.
Net Earnings per Common Share:	Net Earnings per Common Share:  Basic earnings per share (“EPS”) are computed by dividing income attributable to common stockholders by the number of weighted-average outstanding shares of common stock.  Diluted EPS reflects the effect of the assumed exercise of stock options and vesting of restricted shares only in the periods in which such effect would have been dilutive.
	The following table sets forth the computation of the common shares outstanding used in determining basic and diluted EPS (amounts in thousands):
		Three Months Ended March 31,
		2015		2014
	Numerator for earnings per common share calculation:
	Net income	$	2,462	$	248
	Denominator for earnings per common share calculation:
	Weighted-average common shares, basic	42,396		42,172
	Effect of dilutive securities
	Stock options, restricted stock and warrants	849		437
	Weighted-average common shares, diluted	43,245		42,609
	EPS
	Basic	$	0.06	$	0.01
	Diluted	$	0.06	$	0.01
	We apply the treasury stock method to measure the dilutive effect of our outstanding stock options and restricted stock awards and include the respective common share equivalents in the denominator of our diluted income per common share calculation. Potentially dilutive securities representing 1.0 million shares of common stock for the three-months ended March 31, 2015, were excluded from the computation of diluted income per common share for this period because their effect would have been anti-dilutive. The net income per share amounts are the same for our Class A common stock, par value $0.0001 per share (“Class A common stock”) and Class B common stock, par value $0.0001 per share (“Class B common stock”), because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
Use of estimates:	Use of estimates:  In preparing these financial statements, management had to make estimates and assumptions that affected the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities as of the balance sheet dates, and the reported revenues and expenses for the three months ended March 31, 2015 and 2014. Such estimates are based on historical experience and other assumptions that are considered appropriate in the circumstances. However, actual results could differ from those estimates.
Recent accounting pronouncements:	Recent Accounting Pronouncements: In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2015-05 Intangibles — Goodwill and Other Internal-Use Software (Subtopic 350-40). The guidance applies to internal use software that a customer obtains access to in a hosting arrangement, where the customer has the contractual right to take possession of the software at any time without significant penalty and it is feasible that they could run the software on their own or contract with another unrelated vendor.  The standard is effective for years beginning after December 15, 2015, and is not currently applicable to the Company.
	In April 2015, the FASB issued ASU 2015-04 Compensation — Retirement Benefits (Topic 715) Practical Expedient for the Measurement Date of an Employers Defined Benefit Obligations and Plan Assets. This ASU was issued to provide guidance to entities that have a year-end that does not coincide with a month-end, to provide an expedient measurement date with regards’ to defined benefit pension plans and other post-retirement benefit plans. ASU 2015-04 is effective for fiscal years beginning after December 15, 2015 and is not applicable to the Company.
	In April 2015, the FASB issued, ASU 2015-03 Interests — Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs, requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. Recognition and measurement guidance are not impacted by the ASU.  The guidance is effective for fiscal years beginning after December 15, 2015, with retrospective disclosure upon transition, for all periods presented.  We will adopt the guidance in the first quarter of 2016, with the impact to our consolidated statement of position to be a reduction in assets where deferred costs are currently disclosed and a reduction to long-term debt where these costs will be recorded after the transition.
	In February 2015, the FASB issued ASU 2015-02 Consolidation (Topic 810) Amendments to the Consolidation Analysis. Effective for fiscal years beginning after December 15, 2015, the update effects the consolidation criteria around limited partnerships and similar legal entities; evaluation of fees paid to a decision maker or a service provider as a variable interest; the determination of primary beneficiary of a variable interest entity (VIE) when fee arrangements exist, the treatment of related parties in the VIE consolidation model and the consolidation of certain investment funds.  We do not expect there to be any impact on the consolidated financial statements as a result of this guidance.
	In January 2015, ASU 2015-01 Income Statement — Extraordinary and Unusual Items (Subtopic 225-20) Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, was issued by the FASB. The ASU eliminates the concept of extraordinary items. Presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be expanded to include items that are both unusual in nature and infrequent in occurrence.  The guidance is effective for years beginning after December 15, 2015 and will be adopted in the first quarter of 2016. We do not expect there to be a material impact on the consolidated financial statements as a result of this guidance.

Nature_of_Business_Tables

Nature of Business (Tables)	3 Months Ended
	Mar. 31, 2015
Nature of Business
Schedule of the computation of the common shares outstanding used in determining basic and diluted EPS	The following table sets forth the computation of the common shares outstanding used in determining basic and diluted EPS (amounts in thousands):
		Three Months Ended March 31,
		2015		2014
	Numerator for earnings per common share calculation:
	Net income	$	2,462	$	248
	Denominator for earnings per common share calculation:
	Weighted-average common shares, basic	42,396		42,172
	Effect of dilutive securities
	Stock options, restricted stock and warrants	849		437
	Weighted-average common shares, diluted	43,245		42,609
	EPS
	Basic	$	0.06	$	0.01
	Diluted	$	0.06	$	0.01

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets
Schedule of goodwill and intangible assets	Goodwill and intangible assets consist of the following at March 31, 2015 and December 31, 2014 (amounts in thousands):
		March 31, 2015		December 31, 2014
	Broadcast license	$	41,356	$	41,356
	Goodwill	164,887		164,887
	Other intangibles	88,178		91,611
	Total intangible assets	$	294,421	$	297,854
Summary of the changes in goodwill and other indefinite lived intangible assets	A summary of changes in the Company’s goodwill and other indefinite lived intangible assets, on a net basis, for the three-months ended March 31, 2015 is as follows (amounts in thousands):
		Net Balance at		Additions		Impairment			Net Balance at
		December 31, 2014							March 31, 2015
	Broadcast license	$	41,356	$	—	$	—		$	41,356
	Goodwill	164,887		—		—			164,887
	Brands	15,986		—		—			15,986
	Other intangibles	700		—		—			700
	Total indefinite-lived intangibles	$	222,929	$	—	$	—		$	222,929
Summary of the changes in other amortizable intangible assets	A summary of the changes in the Company’s other amortizable intangible assets for the three-months ended March 31, 2015 is as follows (amounts in thousands):
		Net Balance at		Additions		Amortization			Net Balance at
		December 31, 2014							March 31, 2015
	Affiliate relationships	$	69,064	$	—	$	(3,075	)	$	65,989
	Advertiser Relationships	2,896		—		(138		)	2,758
	Non-Compete Agreement	2,882		—		(137		)	2,745
	Other intangibles	83		—		(83		)	—
	Total finite-lived intangibles	$	74,925	$	—	$	(3,433	)	$	71,492
Schedule of future estimated amortization expense	Future estimated amortization expense is as follows (amounts in thousands):
	Year Ending December 31,	Amount
	2015	$	10,049
	2016	13,399
	2017	13,227
	2018	13,169
	2019	8,432
	2020 and thereafter	13,216
		$	71,492

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Long-Term Debt
Schedule of long-term debt	Long-term debt at March 31, 2015 and 2014 consists of the following (amounts in thousands):
		March 31, 2015			December 31, 2014
	Senior Notes due July 2020	$	221,324		$	221,791
	Less: Current portion	(2,250		)	(2,250		)
		$	219,074		$	219,541
Schedule of maturities of long-term debt	The following are the maturities of our long-term debt as of March 31, 2015 (amounts in thousands):
	Year Ending December 31,
	Remainder of 2015	$	1,688
	2016	2,250
	2017	2,250
	2018	2,250
	2019 and thereafter	214,875
		$	223,313

Stockholders_Equity_Tables

Stockholder's Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholder's Equity
Summary of stock option activity	The following table summarizes stock option activity for the three months ended March 31, 2015 (shares and intrinsic value in thousands):
		Number of shares	Weighted-average		Weighted-average	Aggregate intrinsic
			exercise price		remaining contractual	value
					term
	Outstanding at December 31, 2014	1,870	$	11.23	8.4	$	4,721
	Granted	65	13.49		6.9	—
	Exercised	—	—		—	—
	Forfeited	—	—		—	—
	Expired	—	—		—	—
	Outstanding at March 31, 2015	1,935	$	11.30	8.2	$	3,423
	Vested at March 31, 2015	670	$	11.07	7.9	$	1,315
	Exercisable at March 31, 2015	670	$	11.07	7.9	$	1,315
Summary of restricted share activity
	The following table summarizes restricted share activity for the three months ended March 31, 2015 (shares in thousands):
		Number of shares	Weighted-average
			grant date fair
			value
	Outstanding at December 31, 2014	719	$	9.82
	Granted	—	—
	Vested	—	—
	Forfeited	—	—
	Outstanding at March 31, 2015	719	$	9.82
Time Based Stock Option | Black Scholes Pricing Model
Equity Incentive Plans
Schedule of valuation assumptions
	Black-Scholes Option Valuation Assumptions	Three Months Ended	2014
		March 31, 2015
	Risk-free interest rate	1.77%-2.12%	1.76%-1.92%
	Dividend yield	—	—
	Volatility	27.5%-29.5%	28.4%-30.9%
	Weighted-average expected term (years)	6.9	6.0-6.3

Commitments_Tables

Commitments (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments
Schedule of future minimum payments for operating leases and other commitments, primarily programming	Future minimum payments for these commitments and other commitments are as follows (amounts in thousands):
	Year Ending December 31,	Operating Leases		Other Commitments		Total
	Remainder of 2015	$	73	$	7,173	$	7,246
	2016	35		5,073		5,108
	2017	25		2,069		2,094
	2018	25		1,266		1,291
	2019 and thereafter	6		1,363		1,369
	Total	$	164	$	16,944	$	17,108

Nature_of_Business_Details

Nature of Business (Details) (USD $)	3 Months Ended		9 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014	Apr. 01, 2014	Dec. 31, 2014
			segment	item
Nature of Business
Number of operating segments			1
Nature of Business
Assets acquired in cash		$101,891
Numerator for earnings (loss) per common share calculation:
Net income (loss)	2,462	248
Denominator for earnings (loss) per common share calculation:
Weighted-average common shares, basic	42,396	42,172
Effect of dilutive securities:
Stock options and restricted stock	849	437
Weighted-average common shares, diluted	43,245	42,609
EPS
Basic (in dollars per share)	$0.06	$0.01
Diluted (in dollars per share)	$0.06	$0.01
Shares excluded from the computation of diluted income (loss) per common share	1,000,000
Common Class A
EPS
Par value of common stock (in dollars per share)	$0.00				$0.00
Common Class B
EPS
Par value of common stock (in dollars per share)	$0.00				$0.00
Cable Networks Acquisition
Nature of Business
Number of Spanish-language cable television networks whose assets are acquired				3
Assets acquired in cash				$101,900

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		1 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Nov. 30, 2013	Apr. 09, 2013	Dec. 31, 2014
	item		item
MVS Multivision Digital Sde RLde CV and Affiliates
Related Party Transactions
Due from related parties, net of allowance for doubtful accounts	$2,900,000				$3,400,000
Due to related parties	500,000				700,000
MVS Multivision Digital Sde RLde CV and Affiliates | Satellite and Support Services Agreement | Cinelatino
Related Party Transactions
Number of channel feeds delivered through satellite	2
Total expense	500,000	500,000
MVS Multivision Digital Sde RLde CV and Affiliates | Master License Agreement | Cinelatino
Related Party Transactions
Term of agreement	10 years
Revenue as a percentage of license fees collected from distributors in Latin America and Mexico	13.50%
Revenue recognized from related party	1,200,000	1,000,000
MVS Multivision Digital Sde RLde CV and Affiliates | Affiliation Agreement | Cinelatino
Related Party Transactions
Revenue recognized from related party	500,000	500,000
MVS Multivision Digital Sde RLde CV and Affiliates | Movie License Agreement | Cinelatino
Related Party Transactions
Total expense	0	0
Number of movies licensed			6
Programming rights	0				0
Director and Entity Owned by Director | Consulting Agreements with Director and Entity Owned by Director
Related Party Transactions
Total expense	100,000	0
Due to related parties	100,000				100,000
Director | Consulting Agreement with Director
Related Party Transactions
Term of agreement				3 years
Panamax Films, LLC | Programming Agreements
Related Party Transactions
Total expense	0	0
Number of movies licensed	3
Pantelion Films | Distribution Agreement | Cinelatino
Related Party Transactions
Total expense	0	0
Due to related parties	0				0
Pantelion Films | Distribution Agreement | Cinelatino | Maximum
Related Party Transactions
Percentage of rentals agreed to be paid	12.50%
Lions Gate | Movie License Agreement | Cinelatino
Related Party Transactions
Total expense	0
Number of movies licensed	14
Programming rights	0
License fee under agreement with related party	$800,000

Related_Party_Transactions_Det1

Related Party Transactions (Details) 10Q (USD $)	3 Months Ended		1 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Nov. 30, 2013	Apr. 09, 2013	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
	item		item
MVS Multivision Digital Sde RLde CV and Affiliates
Related Party Transactions
Due from related parties, net of allowance for doubtful accounts	$2,900,000				$3,400,000
Due to related parties	500,000				700,000
MVS Multivision Digital Sde RLde CV and Affiliates | Satellite and Support Services Agreement | Cinelatino
Related Party Transactions
Number of channel feeds delivered through satellite	2
Total expense	500,000	500,000
MVS Multivision Digital Sde RLde CV and Affiliates | Master License Agreement | Cinelatino
Related Party Transactions
Term of agreement	10 years
Revenue as a percentage of license fees collected from distributors in Latin America and Mexico	13.50%
Revenue recognized from related party	1,200,000	1,000,000
MVS Multivision Digital Sde RLde CV and Affiliates | Affiliation Agreement | Cinelatino
Related Party Transactions
Revenue recognized from related party	500,000	500,000
MVS Multivision Digital Sde RLde CV and Affiliates | Movie License Agreement | Cinelatino
Related Party Transactions
Total expense	0	0
Programming rights	0				0
Number of movies licensed			6
Director and Entity Owned by Director | Consulting Agreements with Director and Entity Owned by Director
Related Party Transactions
Total expense	100,000	0
Due to related parties	100,000				100,000
Director | Consulting Agreement with Director
Related Party Transactions
Term of agreement				3 years
Panamax Films LLC [Member] | Programming Agreements
Related Party Transactions
Programming rights						200,000	200,000
Pantelion Films | Distribution Agreement | Cinelatino
Related Party Transactions
Total expense	0	0
Due to related parties	$0				$0
Pantelion Films | Distribution Agreement | Cinelatino | Maximum
Related Party Transactions
Percentage of rentals agreed to be paid	12.50%

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Goodwill and Intangible Assets
Broadcast licenses	$41,356	$41,356
Goodwill	164,887	164,887
Other intangibles	88,178	91,611
Total intangible assets	$294,421	$297,854

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Changes in the goodwill
Net balance at the beginning of the period	$164,887	$164,887
Net balance at the end of the period	164,887	164,887
Changes in the goodwill and other indefinite lived intangible assets, on a net basis
Net balance at the beginning of the period	222,929	222,929
Net balance at the end of the period	222,929	222,929
Broadcast license
Changes in other indefinite lived intangible assets
Net balance at the beginning of the period	41,356	41,356
Net balance at the end of the period	41,356	41,356
Brands
Changes in other indefinite lived intangible assets
Net balance at the beginning of the period	15,986	15,986
Net balance at the end of the period	15,986	15,986
Other intangibles
Changes in other indefinite lived intangible assets
Net balance at the beginning of the period	700	700
Net balance at the end of the period	$700	$700

Goodwill_and_Intangible_Assets4

Goodwill and Intangible Assets (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Changes in other amortizable intangible assets
Balance at the beginning of the period	$74,925
Amortization	-3,433	-1,600
Net balance at the end of the period	71,492
Future estimated amortization expense
2015	10,049
2016	13,399
2017	13,227
2018	13,169
2019	8,432
2020 and thereafter	13,216
Total	71,492
Weighted Average
Changes in other amortizable intangible assets
Remaining amortization period	5 years 9 months 18 days
Affiliate Relationships
Changes in other amortizable intangible assets
Balance at the beginning of the period	69,064
Amortization	-3,075
Net balance at the end of the period	65,989
Future estimated amortization expense
Total	65,989
Advertiser Relationships
Changes in other amortizable intangible assets
Balance at the beginning of the period	2,896
Amortization	-138
Net balance at the end of the period	2,758
Future estimated amortization expense
Total	2,758
Noncompete Agreements
Changes in other amortizable intangible assets
Balance at the beginning of the period	2,882
Amortization	-137
Net balance at the end of the period	2,745
Future estimated amortization expense
Total	2,745
Other intangibles
Changes in other amortizable intangible assets
Balance at the beginning of the period	83
Amortization	($83)

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Taxes
Actual income tax rate (as a percent)	39.50%	38.80%
Statutory federal income tax rate (as a percent)	35.00%	35.00%
Income tax expense	$1,611	$492

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	0 Months Ended	3 Months Ended
	Jul. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Jul. 31, 2014	Jul. 30, 2013
					item
Long-term debt
Less: current portion		($2,250,000)	($2,250,000)
Long-term debt less current portion		219,074,000	219,541,000
Maturities of long-term debt
Remainder of 2015		1,688,000
2016		2,250,000
2017		2,250,000
2018		2,250,000
2019 and thereafter		214,875,000
Total maturities		223,313,000
Senior Secured Term Loan B Facility
Long-term debt
Long-term Debt		221,324,000	221,791,000
Less: current portion		-2,250,000	-2,250,000
Long-term debt less current portion		219,074,000	219,541,000
Amount of term loan	225,000,000			225,000,000	175,000,000
Uncommitted accordion option base amount					40,000,000
Uncommitted accordion option multiplier of 1st lien net leverage					4
Interest rate margin (as a percent)	4.00%
Effective interest rate (as a percent)	5.00%			5.00%
OID (as a percent)	0.50%			0.50%
OID					2,000,000
Deferred financing costs		2,600,000
Accumulated amortization of original issue discount		400,000
Accumulated amortization		600,000
Maximum period after each fiscal year for prepayment of debt		90 days
Prepayment of debt as a percentage of excess cash flow		50.00%
First prepayment of debt as a percentage of excess cash flow, if lower leverage ratio is maintained		25.00%
Second prepayment of debt as a percentage of excess cash flow, if lower leverage ratio is maintained		0.00%
Borrowing capacity	$20,000,000			$20,000,000
Senior Secured Term Loan B Facility | LIBOR
Long-term debt
Reference rate basis	LIBOR
Interest rate floor (as a percent)	1.00%
Term Loan
Long-term debt
Interest rate margin (as a percent)	5.00%
Term Loan | LIBOR
Long-term debt
Interest rate floor (as a percent)	1.25%

Stockholders_Equity_Details

Stockholder's Equity (Details) (USD $)	3 Months Ended			9 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2014	Mar. 31, 2015
Stock-Based Compensation
Stock-based compensation expense (in dollars)	$1,300,000	$1,500,000
Common Class A
Equity Incentive Plans
Shares authorized for issuance	4,000,000				4,000,000
Employee and Directors Stock Options
Stock-Based Compensation
Unrecognized compensation cost related to non-vested stock options (in dollars)	3,300,000				3,300,000
Weighted-average periods over which unrecognized compensation cost recognized	2 years 1 month 6 days
Estimated forfeitures (as a percent)	1.50%				1.50%
Number of shares
Outstanding at the beginning of the period (in shares)		1,870,000		1,870,000
Granted (in shares)				65,000
Outstanding at the end of the period (in shares)			1,870,000	1,935,000
Vested at the end of the period (in shares)				670,000
Exercisable at the end of the period (in shares)				670,000
Weighted-average exercise price
Outstanding at the beginning of the period (in dollars per share)		$11.23		$11.23
Granted (in dollars per share)				$13.49
Outstanding at the end of the period (in dollars per share)			$11.23	$11.30
Vested at the end of the period (in dollars per share)				$11.07
Exercisable at the end of the period (in dollars per share)				$11.07
Weighted-average remaining contractual term
Outstanding at the beginning of the period			8 years 4 months 24 days	8 years 2 months 12 days
Granted				6 years 10 months 24 days
Outstanding at the end of the period			8 years 4 months 24 days	8 years 2 months 12 days
Vested at the end of the period				7 years 10 months 24 days
Exercisable at the end of the period				7 years 10 months 24 days
Aggregate intrinsic value
Outstanding at the beginning of the period (in dollars)		4,721,000		4,721,000
Outstanding at the end of the period (in dollars)			4,721,000	3,423,000
Vested at the end of the period (in dollars)				1,315,000
Exercisable at the end of the period (in dollars)				1,315,000
Weighted average grant date fair value of options granted (in dollars per share)	$4.48
Valuation assumptions
Dividend yield (as a percent)	0.00%
Restricted Stock
Stock-Based Compensation
Unrecognized compensation cost related to non-vested restricted stock (in dollars)	$2,800,000				$2,800,000
Weighted-average periods over which unrecognized compensation cost recognized	1 year 1 month 6 days
Number of shares
Outstanding at the beginning of the period (in shares)	719,000
Outstanding at the end of the period (in shares)	719,000				719,000
Weighted-average grant date fair value
Outstanding at the beginning of the period (in dollars per share)	$9.82
Outstanding at the end of the period (in dollars per share)	$9.82				$9.82
Restricted Stock | Common Class A
Equity Incentive Plans
Shares available for issuance	900,000				900,000
Time Based Restricted Stock and Stock Option
Equity Incentive Plans
Number of equal annual installments for vesting of awards	3				3
Time Based Stock Option | Black Scholes Pricing Model
Valuation assumptions
Risk-free interest rate, minimum (as a percent)	1.77%	1.76%		1.77%
Risk-free interest rate, maximum (as a percent)	2.12%	1.92%
Volatility, minimum (as a percent)	27.50%	28.40%
Volatility, maximum (as a percent)	29.50%	30.90%
Weighted-average expected term	6 years 10 months 24 days
Time Based Stock Option | Minimum | Black Scholes Pricing Model
Valuation assumptions
Weighted-average expected term		6 years		0 years
Time Based Stock Option | Maximum | Black Scholes Pricing Model
Valuation assumptions
Weighted-average expected term		6 years 3 months 18 days
Time Based Restricted Stock
Valuation assumptions
Vesting period				3 years
Event Based Restricted Stock and Stock Option | Common Class A
Equity Incentive Plans
Closing price per share to be attained for vesting of awards to begin (in dollars per share)					$15
Event Based Restricted Stock and Stock Option | Common Class A | Minimum
Equity Incentive Plans
Number of trading days on which the closing price per share should attain the specified price per share for vesting of awards to begin	10				10
Event Based Stock Option
Aggregate intrinsic value
Unvested options	300,000				300,000
Event Based Restricted Stock
Number of shares
Outstanding at the end of the period (in shares)	200,000				200,000

Stockholders_Equity_Details_2

Stockholder's Equity (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2015
Warrants
Issued (in shares)	14,700,000
Exercise price of warrants per half share	6
Outstanding (in shares)	14,700,000
Minimum number of warrants exercisable by holder (in shares)	2
Exercise price of warrants (in dollars per share)	$12
Number of warrants that may be called for redemption (in shares)	10,000,000
Number of warrants exercised	0
Common Class A
Warrants
Number of shares entitled to warrant holders (as a percent)	0.5
Warrants exercisable into number of shares	7,300,000
Trigger price of stock in order to provide for redemption of warrants at option of the Company (in dollars per share)	$18
Number of trading days through which last sales price of common stock is reported for warrant redemption	20
Period of aggregate number of trading days through which last sales price of common stock is reported for warrant redemption	30 days
Number of shares
Outstanding at the end of the period (in shares)	7,300,000

Commitments_Details

Commitments (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Commitments
Rental expense	$100,000	$100,000
Future minimum payments for operating leases
Remainder of 2015	73,000
2016	35,000
2017	25,000
2018	25,000
2019 and thereafter	6,000
Total	164,000
Future minimum payments for other commitments
Remainder of 2015	7,173,000
2016	5,073,000
2017	2,069,000
2018	1,266,000
2019 and thereafter	1,363,000
Total	16,944,000
Future minimum payments for operating leases and other commitments
Remainder of 2015	7,246,000
2016	5,108,000
2017	2,094,000
2018	1,291,000
2019 and thereafter	1,369,000
Total	$17,108,000

Uncategorized_Items

Uncategorized Items
[us-gaap_StockholdersEquity]	3,000