Central European Media Enterprises 10-Q 24 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 19, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	CENTRAL EUROPEAN MEDIA ENTERPRISES LTD.
Entity Central Index Key	925,645
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		252,121,007
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents		$ 40,447	$ 54,903
Accounts receivable, net (Note 7)		146,374	158,903
Program rights, net (Note 6)		71,437	69,706
Other current assets (Note 8)		35,022	33,106
Assets held for sale (Note 3)		142,623	148,156
Total current assets		435,903	464,774
Non-current assets
Property, plant and equipment, net (Note 9)	[1]	96,781	103,648
Program rights, net (Note 6)		154,842	182,170
Goodwill (Note 4)		682,555	712,359
Other intangible assets, net (Note 4)		138,272	148,235
Other non-current assets (Note 8)		13,939	16,869
Total non-current assets		1,086,389	1,163,281
Total assets	[2]	1,522,292	1,628,055
Current liabilities
Accounts payable and accrued liabilities (Note 10)		114,800	143,893
Current portion of long-term debt and other financing arrangements (Note 5)		51,015	2,960
Other current liabilities (Note 11)		25,853	9,280
Liabilities held for sale (Note 3)		31,583	32,131
Total current liabilities		223,251	188,264
Non-current liabilities
Long-term debt and other financing arrangements (Note 5)		821,657	1,085,714
Other non-current liabilities (Note 11)		104,097	95,254
Total non-current liabilities		925,754	1,180,968
Commitments and contingencies (Note 20)
200,000 shares of Series B Convertible Redeemable Preferred Stock of $0.08 each (December 31, 2017 - 200,000) (Note 13)		269,370	264,593
CME Ltd. shareholders’ equity (Note 14):
One share of Series A Convertible Preferred Stock of $0.08 each (December 31, 2017 – one)		0	0
Additional paid-in capital		1,999,610	1,905,779
Accumulated deficit		(1,702,477)	(1,735,768)
Accumulated other comprehensive loss		(213,434)	(187,438)
Total CME Ltd. shareholders’ equity / (deficit)		103,869	(5,788)
Noncontrolling interests		48	18
Total equity / (deficit)		103,917	(5,770)
Total liabilities and equity		1,522,292	1,628,055
Class A Common Stock [Member]
CME Ltd. shareholders’ equity (Note 14):
Common stock		20,170	11,639
Class B Common Stock [Member]
CME Ltd. shareholders’ equity (Note 14):
Common stock		$ 0	$ 0
[1]	(1) Reflects property, plant and equipment, net
[2]	(1) Segment assets exclude any intercompany balances.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Series B Preferred Shares
Preferred stock, shares outstanding	200,000	200,000
Preferred stock, par value (in dollars per share)	$ 0.08	$ 0.08
Series A Preferred Stock [Member]
Preferred stock, shares outstanding	1	1
Preferred stock, par value (in dollars per share)	$ 0.08	$ 0.08
Class A Common Stock [Member]
Common stock, shares issued (in shares)	252,121,007	145,486,497
Common stock, par value (in dollars per share)	$ 0.08	$ 0.08
Common Class B [Member]
Common stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.08	$ 0.08

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME / LOSS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenues		$ 159,555	$ 146,895	$ 298,737	$ 258,627
Operating expenses:
Content costs		66,905	59,698	136,711	118,343
Other operating costs		12,397	11,881	25,084	23,136
Depreciation of property, plant and equipment		7,548	6,450	14,914	12,409
Amortization of broadcast licenses and other intangibles		2,267	2,053	4,623	4,162
Cost of revenues		89,117	80,082	181,332	158,050
Selling, general and administrative expenses		24,596	23,660	50,618	44,400
Operating income		45,842	43,153	66,787	56,177
Interest expense (Note 15)		(10,441)	(17,428)	(25,453)	(36,421)
Other non-operating (expense) / income, net (Note 16)		(6,936)	6,908	(2,888)	9,140
Income before tax		28,465	32,633	38,446	28,896
Provision for income taxes		(7,140)	(7,368)	(11,037)	(9,613)
Income from continuing operations		21,325	25,265	27,409	19,283
Income / (loss) from discontinued operations, net of tax (Note 3)		4,700	2,533	5,688	(2,759)
Net income		26,025	27,798	33,097	16,524
Net loss attributable to noncontrolling interests		16	137	194	346
Net income attributable to CME Ltd.		26,041	27,935	33,291	16,870
Currency translation adjustment		(34,629)	30,904	(22,844)	32,976
Unrealized (loss) / gain on derivative instruments (Note 12)		(3,119)	(40)	(2,928)	1,218
Total other comprehensive (loss) / income		(37,748)	30,864	(25,772)	34,194
Comprehensive (loss) / income		(11,723)	58,662	7,325	50,718
Comprehensive (income) / loss attributable to noncontrolling interests		(416)	590	(30)	891
Comprehensive (loss) / income attributable to CME Ltd.		$ (12,139)	$ 59,252	$ 7,295	$ 51,609
Net (loss) / income per share:
Continuing operations — basic		$ 0.05	$ 0.09	$ 0.07	$ 0.06
Continuing operations — diluted		0.05	0.07	0.06	0.04
Discontinued operations — basic		0.02	0.01	0.02	(0.01)
Discontinued operations — diluted		0.01	0	0.02	0
Net income attributable to CME Ltd. — basic		0.07	0.10	0.09	0.05
Net income attributable to CME Ltd. — diluted		$ 0.06	$ 0.07	$ 0.08	$ 0.04
Weighted average common shares used in computing per share amounts (000’s):
Basic (in shares)	[1]	235,148	155,738	196,807	155,269
Diluted (in shares)		258,783	235,952	250,515	230,872
[1]	(1) For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock.

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - 6 months ended Jun. 30, 2018 - USD ($) $ in Thousands	Total	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]	Noncontrolling Interest [Member]	Preferred Class A [Member]Series A Convertible Preferred Stock [Member]	Common Class A [Member]Common Stock [Member]	Common Class B [Member]	Common Class B [Member]Common Stock [Member]	Warrant [Member]Common Stock [Member]
BALANCE at Dec. 31, 2017	$ (5,770)	$ 1,905,779	$ (1,735,768)	$ (187,438)	$ 18	$ 0	$ 11,639		$ 0
BALANCE (in shares) at Dec. 31, 2017						1
BALANCE (in shares) at Dec. 31, 2017							145,486,497	0	0
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Stock-based compensation	2,240	2,240
Number of warrants exercised (in shares)										105,652,401
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants										$ 8,452
Exercise of warrants (Note 14)	105,652	97,200
Shares issuance, stock-based compensation (in shares)							982,109
Share issuance, stock-based compensation	0	(79)					$ 79
Adjustments Related to Tax Withholding for Share-based Compensation	753	753
Preferred dividend paid in kind	(4,777)	(4,777)
Net income / (loss)	33,097		33,291		(194)
Unrealized (loss) / gain on derivative instruments (Note 12)	(2,928)			(2,928)
Currency translation adjustment	(22,844)			(23,068)	224
Currency translation adjustment	(22,844)
BALANCE at Jun. 30, 2018	$ 103,917	$ 1,999,610	$ (1,702,477)	$ (213,434)	$ 48	$ 0	$ 20,170		$ 0
BALANCE (in shares) at Jun. 30, 2018						1
BALANCE (in shares) at Jun. 30, 2018							252,121,007	0	0

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands, € in Millions	6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 33,097	$ 16,524
Adjustments to reconcile net income to net cash generated from continuing operating activities:
(Income) / loss from discontinued operations, net of tax (Note 3)	(5,688)	2,759
Amortization of program rights	136,711	118,343
Depreciation and other amortization	22,161	19,351
Interest and related Guarantee Fees paid in kind	2,934	14,733
Loss on extinguishment of debt (Note 16)	288	0
Loss / (gain) on disposal of fixed assets	8	(28)
Deferred income taxes	(380)	(1,116)
Stock-based compensation (Note 17)	2,162	1,612
Change in fair value of derivatives	1,166	621
Foreign currency exchange loss / (gain), net	1,091	(9,138)
Changes in assets and liabilities:
Accounts receivable, net	7,534	6,856
Accounts payable and accrued liabilities	(3,904)	(5,906)
Program rights	(129,363)	(119,595)
Other assets and liabilities	(1,127)	(1,274)
Accrued interest	(1,673)	(1,697)
Income taxes payable	(6,992)	2,955
Deferred revenue	19,374	14,653
VAT and other taxes payable	(1,763)	(3,100)
Net cash generated from continuing operating activities	75,636	56,553
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment	(7,834)	(11,976)
Disposal of property, plant and equipment	15	111
Net cash used in continuing investing activities	(7,819)	(11,865)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt	(193,557)	0
Debt transactions costs	(1,518)	0
Payment of credit facilities and capital leases	(1,888)	(1,072)
Proceeds from exercise of warrants	105,652	527
Proceeds from sale-leaseback transactions	0	2,746
Payments of withholding tax on net share settlement of share-based compensation	537	168
Net cash (used in) / provided by continuing financing activities	(91,848)	2,033
Net cash provided by / (used in) discontinued operations - operating activities	12,294	(3,319)
Net cash used in discontinued operations - investing activities	(2,127)	(1,672)
Net cash used in discontinued operations - financing activities	(155)	(136)
Impact of exchange rate fluctuations on cash and cash equivalents	(437)	5,787
Net (decrease) / increase in cash and cash equivalents	(14,456)	47,381
CASH AND CASH EQUIVALENTS, beginning of period	54,903	40,606
CASH AND CASH EQUIVALENTS, end of period	40,447	87,987
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest Paid, Excluding Capitalized Interest, Operating Activities	21,500	19,600
Cash paid for income taxes, net of refunds	18,444	7,034
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Accretion on Series B Convertible Redeemable Preferred Stock	4,777	4,762
Guarantee Fees Mandatory Paid in Cash [Member]
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 21,531	$ 18,191

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS Central European Media Enterprises Ltd., a Bermuda company limited by shares, is a media and entertainment company operating in Central and Eastern Europe. Our assets are held through a series of Dutch and Curaçao holding companies. We manage our business on a geographical basis, with four operating segments; Bulgaria, the Czech Republic, Romania and the Slovak Republic, which are also our reportable segments and our main operating countries. See Note 19, "Segment Data" for financial information by segment. We are the market-leading broadcasters in each of our four operating countries with a combined portfolio of 26 television channels. Each country also develops and produces content for their television channels. We generate advertising revenues in our country operations primarily through entering into agreements with advertisers, advertising agencies and sponsors to place advertising on the television channels that we operate. We generate additional revenues by collecting fees from cable, and direct-to-home (“DTH”) and internet protocol television ("IPTV") operators for carriage of our channels. Unless otherwise indicated, we own 100% of our broadcast operating and license companies in each country. Bulgaria We operate one general entertainment channel, BTV, and five other channels, BTV CINEMA, BTV COMEDY, BTV ACTION, BTV LADY and RING. We own 94.0% of CME Bulgaria B.V. ("CME Bulgaria"), the subsidiary that owns our Bulgaria operations. Czech Republic We operate one general entertainment channel, TV NOVA, and seven other channels, NOVA 2, NOVA CINEMA, NOVA SPORT 1, NOVA SPORT 2, NOVA ACTION, NOVA GOLD and NOVA INTERNATIONAL, a general entertainment channel broadcasting in the Slovak Republic. Romania We operate one general entertainment channel, PRO TV, and seven other channels, PRO 2, PRO X, PRO GOLD, PRO CINEMA, PRO TV INTERNATIONAL, MTV ROMANIA, as well as PRO TV CHISINAU, a general entertainment channel broadcasting in Moldova. Slovak Republic We operate one general entertainment channel, TV MARKIZA, and three other channels, DOMA, DAJTO, and MARKIZA INTERNATIONAL, a general entertainment channel broadcasting in the Czech Republic.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The terms the “Company”, “we”, “us”, and “our” are used in this Form 10-Q to refer collectively to the parent company, Central European Media Enterprises Ltd. (“CME Ltd.”), and the subsidiaries through which our various businesses are conducted. Unless otherwise noted, all statistical and financial information presented in this report has been converted into U.S. dollars using period-end exchange rates. All references to “US$”, “USD” or “dollars” are to U.S. dollars, all references to “BGN” are to the Bulgarian leva, all references to “CZK” are to the Czech koruna, all references to “RON” are to the New Romanian lei, and all references to “Euro” or “EUR” are to the European Union Euro. Certain amounts may not recalculate due to the use of rounded numbers. Interim Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Quarterly Report on Form 10-Q and do not include all of the information and note disclosures required by generally accepted accounting principles in the United States of America (“US GAAP”). Amounts as of December 31, 2017 included in the unaudited condensed consolidated financial statements have been derived from audited consolidated financial statements as of that date. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission on February 8, 2018 . Our significant accounting policies have not changed since December 31, 2017 , except as noted below. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring items and changes in US GAAP, necessary for their fair presentation in conformity with US GAAP for complete financial statements. The results of operations for interim periods are not necessarily indicative of the results to be expected for a full year. Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services, net of taxes assessed by a government authority that are both imposed on and concurrent with the specific revenue-producing transaction and collected from the customer. Timing of revenue recognition may differ from the timing of invoicing to customers. We defer the recognition of revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. We record a receivable when revenue is recognized prior to invoicing, or deferred revenue when revenue is recognized subsequent to invoicing. Invoicing typically occurs on a monthly basis and customers are obliged to pay within 30 to 60 days of issuance. For certain services and customer types, we require payment before the services are provided. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Our principal revenue streams and their respective accounting treatments are discussed below: Television advertising revenues primarily result from the sale of advertising time. Television advertising revenues are earned as the commercials are aired. In many countries, we commit to provide advertisers with certain rating levels in connection with their advertising. Revenue is recorded based on a charge per Gross Rating Point ("GRP") ordered during the month net of estimated shortfalls. Discounts and agency commissions on television advertising revenue are recognized at the point when the advertising is broadcast and are reflected as a reduction to gross revenue. These amounts are known in advance or can be reasonably estimated based on historical practice. Carriage fees and subscription revenues includes revenues from cable operators and direct-to-home broadcasters and fees from subscriptions to our streaming services. Revenues from cable operators and direct-to-home broadcasters are recognized as revenue over the period for which the channels are provided and to which the fees relate. A portion of this fee revenue is based on the number of subscribers to our channels and recognized during the period, based upon the number of subscribers. The impacts of future changes in subscriber levels are recognized when they occur as estimates of future subscribers are constrained. Revenues from subscriptions to our streaming services are recognized over the period of the subscription. Other revenues primarily includes revenues from our internet display advertising, as well as revenues from the licensing of our content. Internet display advertising revenues are recognized on a cost-per-impression basis based on the number of times a customer's advertisement is displayed on our websites. Revenues from the licensing of our content are recognized over the license period beginning from delivery or reasonable access to the content. Our revenue streams involve significant judgment with respect to the discounts and agency commissions we provide to certain customers based on the amount of advertising purchased. Such discounts are based on estimates of the total amount expected to be earned and reduce revenue based on a systematic and rational allocation of the cost of honoring the discounts earned and claimed to each of the underlying revenue transactions that result in progress by the customer towards earning the discount. Due to timing of the information provided by the rating agencies, significant judgment may be necessary to estimate the total volume of GRPs delivered within the contract period. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions. Discontinued Operations and Assets Held for Sale We present our results of operations, financial position and cash flows of operations that have either been sold or that meet the criteria for "held-for-sale accounting" as discontinued operations if the disposal represents a strategic shift that will have a major effect on our operations and financial results. At the time an operation qualifies for held-for-sale accounting, the operation is evaluated to determine whether or not the carrying amount exceeds its fair value less cost to sell. Any loss as a result of carrying amounts in excess of fair value less cost to sell is recorded in the period the operation qualifies for held-for-sale accounting. Management judgment is required to (1) assess the criteria required to qualify for held-for-sale accounting, and (2) estimate fair value. Our Croatia and Slovenia operations are classified as discontinued operations and assets held for sale for all periods presented. See Note 3, "Discontinued Operations and Assets Held for Sale" . Basis of Consolidation The unaudited condensed consolidated financial statements include the accounts of CME Ltd. and our subsidiaries, after the elimination of intercompany accounts and transactions. Entities in which we hold less than a majority voting interest but over which we have the ability to exercise significant influence are accounted for using the equity method. Other investments are accounted for using the cost method. Seasonality We experience seasonality, with advertising sales tending to be lowest during the third quarter of each calendar year due to the summer holiday period (typically July and August), and highest during the fourth quarter of each calendar year due to the holiday season. Recent Accounting Pronouncements Accounting Pronouncements Adopted On January 1, 2018, we adopted Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 606, Revenue from Contracts with Customers ("ASC 606") using the modified retrospective method applied to those contracts which were not completed as of the adoption date. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under legacy guidance . Based on our assessment of the guidance in ASC 606, our method of recognizing revenue did not change. Furthermore, we did not record an adjustment to opening retained earnings as of January 1, 2018 and there was no impact to revenues for the three and six months ended June 30, 2018 . In August 2016, the FASB issued guidance which is intended to reduce the existing diversity in practice related to specific cash flow issues. As applicable to us, the guidance requires that cash flows at the settlement of zero-coupon debt instruments or debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing be bifurcated between cash outflows for operating activities for the portion attributable to accrued interest, and cash outflows for financing activities for the portion attributable to the principal. We adopted this guidance as of January 1, 2018 which did not impact our net cash flows generated from continuing operating activities in 2017 or 2018. Recent Accounting Pronouncements Issued In February 2016, the FASB issued guidance to increase transparency and comparability among organizations by recognizing leasing assets and liabilities on the balance sheet and requiring additional disclosures about an entity's leasing arrangements. The guidance requires that a lessee recognize a liability to make lease payments and a right-of-use asset, with an available exception for leases shorter than twelve months. The guidance is effective for our fiscal year beginning January 1, 2019. We have completed the initial stages of our assessment of the broad implications of the guidance on our operating segments, controls and related IT systems and continue to analyze contractual data to quantify the potential impact. In June 2016, the FASB issued new guidance to provide financial statement users with more information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendments replace the incurred loss impairment methodology in the current guidance with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance is effective for our fiscal year beginning January 1, 2020 with early adoption permitted for our fiscal year beginning January 1, 2019. We are in the process of assessing the potential impacts of this guidance.

DISCONTINUED OPERATIONS AND ASS

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Notes)	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE	3. DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE On July 9, 2017, we entered into a framework agreement with Slovenia Broadband S.à r.l. (the "Purchaser"), a wholly owned subsidiary of United Group B.V., relating to the sale of our Croatia and Slovenia operations for cash consideration of EUR 230.0 million (approximately US$ 268.1 million at June 30, 2018 rates) (the "Divestment Transaction"), subject to customary working capital adjustments. On March 26, 2018, the Croatian Agency for Electronic Media confirmed the transaction is permissible under Croatian media legislation and on May 7, 2018, the Purchaser received the approval of the Croatian Competition Agency for the Divestment Transaction. On July 5, 2018 we signed an amended and restated framework agreement (the “Restated Framework Agreement”), which bifurcates the Divestment Transaction into individual transactions for our Croatia operations (the "Croatian Transaction") and our Slovenia operations (the "Slovenian Transaction") and allocates the total cash consideration of EUR 230.0 million (approximately US$ 268.1 million ) into (i) cash consideration for closing of the Croatian Transaction of EUR 85.0 million (approximately US$ 99.1 million ) and (ii) cash consideration for closing of the Slovenian Transaction of EUR 145.0 million (approximately US$ 169.0 million ), each on a cash-free and debt-free basis and each subject to customary working capital adjustments (see Note 22, "Subsequent Events" ). On July 18, 2018, the Competition Protection Agency in Slovenia confirmed the closing of the Croatian Transaction was outside the scope of its review. We expect the Croatian Transaction will be completed on or about July 31, 2018, and the Slovenian Transaction to close subject to obtaining the remaining regulatory approvals from the Competition Protection Agency in Slovenia as well as the satisfaction of other customary closing conditions (see Note 22, "Subsequent Events" ). If the Restated Framework Agreement is terminated by either party because closing has not occurred as of September 13, 2018 (extended from June 30, 2018), we would receive a termination fee of EUR 7.0 million (approximately US$ 8.2 million ) if neither transactions has closed by such date, and approximately EUR 4.4 million (approximately US$ 5.1 million ) if the Croatian Transaction has closed but the Slovenian Transaction has not closed by such date, subject to certain exceptions, including if any requisite regulatory approval has not been obtained as a result of the Purchaser being required to make a specified material divestiture as a condition to such regulatory approval. The carrying amounts of the major classes of assets and liabilities of our discontinued operations that are classified as held for sale in the condensed consolidated balance sheets at June 30, 2018 and December 31, 2017 were: June 30, 2018 December 31, 2017 Assets held for sale Cash and cash equivalents $ 8,222 $ 8,784 Accounts receivable, net 40,055 43,540 Program rights, net 60,872 62,017 Property, plant and equipment, net 21,279 22,870 Other assets 12,195 10,945 Total assets held for sale $ 142,623 $ 148,156 Liabilities held for sale Accounts payable and accrued liabilities $ 26,935 $ 30,073 Other liabilities 4,648 2,058 Total liabilities held for sale $ 31,583 $ 32,131 Income / (loss) from discontinued operations, net of tax , comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Net revenues $ 41,568 $ 34,961 $ 73,382 $ 58,231 Cost of revenues 27,221 22,368 48,501 42,226 Selling, general and administrative expenses 5,709 4,923 10,761 9,091 Operating income 8,638 7,670 14,120 6,914 Interest expense (1) (3,027 ) (4,545 ) (7,234 ) (9,307 ) Other non-operating (expense) / income, net (56 ) 233 280 326 Income / (loss) from discontinued operations, before tax 5,555 3,358 7,166 (2,067 ) Provision for income taxes (855 ) (825 ) (1,478 ) (692 ) Income / (loss) from discontinued operations, net of tax $ 4,700 $ 2,533 $ 5,688 $ (2,759 ) (1) For the six months ended June 30, 2018 and 2017 , we paid US$ 7.2 million and US$ 8.6 million , respectively, of interest and Guarantee Fees associated with the 2019 Euro Loan and the 2021 Euro Loan (each as defined in Note 5, "Long-term Debt and Other Financing Arrangements" ). These payments were allocated to Net cash provided by / (used in) discontinued operations - operating activities in our condensed consolidated statements of cash flows as we are required to apply the expected proceeds from the Divestment Transaction towards the repayment of debt and related obligations.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	4. GOODWILL AND INTANGIBLE ASSETS Goodwill: Goodwill by reporting unit as at June 30, 2018 and December 31, 2017 was as follows: Bulgaria Czech Republic Romania Slovak Republic Total Gross Balance, December 31, 2017 $ 175,071 $ 837,732 $ 90,305 $ 52,463 $ 1,155,571 Accumulated impairment losses (144,639 ) (287,545 ) (11,028 ) — (443,212 ) Balance, December 31, 2017 30,432 550,187 79,277 52,463 712,359 Foreign currency (849 ) (25,293 ) (2,190 ) (1,472 ) (29,804 ) Balance, June 30, 2018 29,583 524,894 77,087 50,991 682,555 Accumulated impairment losses (144,639 ) (287,545 ) (11,028 ) — (443,212 ) Gross Balance, June 30, 2018 $ 174,222 $ 812,439 $ 88,115 $ 50,991 $ 1,125,767 Other intangible assets: Changes in the net book value of our other intangible assets as at June 30, 2018 and December 31, 2017 are summarized as follows: June 30, 2018 December 31, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Indefinite-lived: Trademarks $ 85,066 $ — $ 85,066 $ 87,900 $ — $ 87,900 Amortized: Broadcast licenses 210,563 (158,806 ) 51,757 220,194 (161,820 ) 58,374 Trademarks 409 (409 ) — 421 (421 ) — Customer relationships 56,888 (55,595 ) 1,293 58,771 (56,996 ) 1,775 Other 1,698 (1,542 ) 156 1,753 (1,567 ) 186 Total $ 354,624 $ (216,352 ) $ 138,272 $ 369,039 $ (220,804 ) $ 148,235 Broadcast licenses consist of our TV NOVA license in the Czech Republic, which is amortized on a straight-line basis through the expiration date of the license in 2025. Our customer relationships are deemed to have an economic useful life of, and are amortized on a straight-line basis over, five years to fifteen years .

LONG-TERM DEBT AND OTHER FINANC

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS	5. LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Summary June 30, 2018 December 31, 2017 Long-term debt $ 862,287 $ 1,079,187 Other credit facilities and capital leases 10,385 9,487 Total long-term debt and other financing arrangements 872,672 1,088,674 Less: current maturities (51,015 ) (2,960 ) Total non-current long-term debt and other financing arrangements $ 821,657 $ 1,085,714 Financing Transactions On February 5, 2018, we entered into an amendment to extend the maturity date of the 2019 Euro Loan (formerly the 2018 Euro Term Loan) from November 1, 2018 to May 1, 2019. On February 6, 2018, we paid EUR 50.0 million (approximately US$ 61.6 million at February 6, 2018 rates) of the outstanding principal balance of the 2019 Euro Loan. On April 25, 2018, we entered into a series of amendments (effective on April 26, 2018) which modify certain terms of our 2021 Euro Loan (formerly the 2019 Euro Term Loan), the 2023 Euro Loan (formerly the 2021 Euro Term Loan), the 2023 Revolving Credit Facility (formerly the 2021 Revolving Credit Facility) (each as defined below) and the Reimbursement Agreement (as defined below) (collectively, the "Financing Transactions"). The Financing Transactions reduce the rates payable under the pricing grid under the Reimbursement Agreement and the 2023 Revolving Credit Facility as well as extend the maturity dates of the 2021 Euro Loan, the 2023 Euro Loan and the 2023 Revolving Credit Facility. The amount available to us under the 2023 Revolving Credit Facility increased to US$ 75.0 million from April 26, 2018. On May 3, 2018, we paid EUR 110.0 million (approximately US$ 132.0 million at May 3, 2018 rates) of the outstanding principal balance of the 2019 Euro Loan. We are required to apply the proceeds from the Croatian Transaction and Slovenian Transaction (see Note 3, "Discontinued Operations and Assets Held for Sale" ) to the repayment of the remaining principal amount of the 2019 Euro Loan. Any excess amounts will then be applied to pay fees related to the 2021 Euro Loan, including Guarantee Fees and the Commitment Fee which we have previously paid in kind. To the extent excess funds are available thereafter, the remaining proceeds are required to be applied to the principal amounts owing in respect of the 2021 Euro Loan. Overview Total long-term debt and credit facilities comprised the following at June 30, 2018 : Principal Amount of Liability Component Debt Issuance Costs (1) Net Carrying Amount 2019 Euro Loan $ 47,565 $ (55 ) $ 47,510 2021 Euro Loan 274,354 (721 ) 273,633 2023 Euro Loan 546,527 (5,383 ) 541,144 2023 Revolving Credit Facility — — — Total long-term debt and credit facilities $ 868,446 $ (6,159 ) $ 862,287 (1) Debt issuance costs related to the 2019 Euro Loan, 2021 Euro Loan and 2023 Euro Loan are being amortized on a straight-line basis, which approximates the effective interest method, over the life of the respective instruments. Debt issuance costs related to the 2023 Revolving Credit Facility are classified as non-current assets in our condensed consolidated balance sheet and are being amortized on a straight-line basis over the life of the 2023 Revolving Credit Facility. Long-term Debt Our long-term debt comprised the following at June 30, 2018 and December 31, 2017 : Carrying Amount Fair Value June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 2019 Euro Loan $ 47,510 $ 240,545 $ 47,103 $ 236,337 2021 Euro Loan 273,633 281,871 256,999 268,858 2023 Euro Loan 541,144 556,771 487,110 510,882 $ 862,287 $ 1,079,187 $ 791,212 $ 1,016,077 The fair values of the Euro Loans (as defined below) as at June 30, 2018 and December 31, 2017 were determined based on comparable instruments that trade in active markets. This measurement of estimated fair value uses Level 2 inputs as described in Note 12, "Financial Instruments and Fair Value Measurements" . Certain derivative instruments, including contingent event of default and change of control put options, have been identified as being embedded in each of the Euro Loans. The embedded derivatives are considered clearly and closely related to their respective Euro Loan, and as such are not required to be accounted for separately. 2019 Euro Loan (formerly the 2018 Euro Term Loan) As at June 30, 2018 , the principal amount of our floating rate senior unsecured term credit facility (the "2019 Euro Loan") outstanding was EUR 40.8 million (approximately US$ 47.6 million ). The 2019 Euro Loan bears interest at three-month EURIBOR (fixed pursuant to customary hedging arrangements (see Note 12, "Financial Instruments and Fair Value Measurements" )) plus a margin of between 1.1% and 1.9% depending on the credit rating of Warner Media, LLC ("Warner Media", formerly Time Warner, Inc.), a wholly owned subsidiary of AT&T, Inc. ("AT&T") as of June 14, 2018. As at June 30, 2018 , the all-in borrowing rate on amounts outstanding under the 2019 Euro Loan was 3.75% , the components of which are shown in the table below under the heading "Interest Rate Summary". Interest on the 2019 Euro Loan is payable quarterly in arrears on each March 12, June 12, September 12 and December 12. The 2019 Euro Loan will mature on May 1, 2019 and may be prepaid at our option, in whole or in part, without premium or penalty. The 2019 Euro Loan is a senior unsecured obligation of CME Ltd. and is unconditionally guaranteed by our 100% owned subsidiary CME Media Enterprises B.V. ("CME BV") and by Warner Media and certain of its subsidiaries. 2021 Euro Loan (formerly the 2019 Euro Term Loan) As at June 30, 2018 , the principal amount of our floating rate senior unsecured term credit facility (the "2021 Euro Loan") outstanding was EUR 235.3 million (approximately US$ 274.4 million ). The 2021 Euro Loan bears interest at three-month EURIBOR (fixed pursuant to customary hedging arrangements (see Note 12, "Financial Instruments and Fair Value Measurements" )) plus a margin of between 1.1% and 1.9% depending on the credit rating of Warner Media. As at June 30, 2018 , the all-in borrowing rate on amounts outstanding under the 2021 Euro Loan was 3.75% , the components of which are shown in the table below under the heading "Interest Rate Summary". Interest on the 2021 Euro Loan is payable quarterly in arrears on each February 13, May 13, August 13 and November 13. The 2021 Euro Loan matures on November 1, 2021 and may currently be prepaid at our option, in whole or in part, without premium or penalty from cash generated from our operations. From April 26, 2020, the 2021 Euro Loan may be refinanced at our option. The 2021 Euro Loan is a senior unsecured obligation of CME Ltd. and is unconditionally guaranteed by CME BV and by Warner Media and certain of its subsidiaries. 2023 Euro Loan (formerly the 2021 Euro Term Loan) As at June 30, 2018 , the principal amount of our floating rate senior unsecured term credit facility (the "2023 Euro Loan") outstanding was EUR 468.8 million (approximately US$ 546.5 million ). The 2023 Euro Loan bears interest at three-month EURIBOR (fixed pursuant to customary hedging arrangements (see Note 12, "Financial Instruments and Fair Value Measurements" )) plus a margin of between 1.1% and 1.9% depending on the credit rating of Warner Media. As at June 30, 2018 , the all-in borrowing rate on amounts outstanding under the 2023 Euro Loan was 4.25% , the components of which are shown in the table below under the heading "Interest Rate Summary". Interest on the 2023 Euro Loan is payable quarterly in arrears on each January 7, April 7, July 7 and October 7. The 2023 Euro Loan matures on April 26, 2023 and may be prepaid at our option, in whole or in part, without premium or penalty from cash generated from our operations. From April 26, 2020, the 2023 Euro Loan may be refinanced at our option. The 2023 Euro Loan is a senior unsecured obligation of CME BV and is unconditionally guaranteed by CME Ltd. and by Warner Media and certain of its subsidiaries. Reimbursement Agreement and Guarantee Fees In connection with Warner Media’s guarantees of the 2019 Euro Loan, the 2021 Euro Loan and 2023 Euro Loan (collectively, the "Euro Loans"), we entered into a reimbursement agreement (as amended, the “Reimbursement Agreement") with Warner Media. The Reimbursement Agreement provides for the payment of guarantee fees (collectively, the "Guarantee Fees") to Warner Media as consideration for those guarantees, and the reimbursement to Warner Media of any amounts paid by them under any guarantee or through any loan purchase right exercised by it. The loan purchase right allows Warner Media to purchase any amount outstanding under the Euro Loans from the lenders following an event of default under the Euro Loans or the Reimbursement Agreement. The Reimbursement Agreement is jointly and severally guaranteed by both our 100% owned subsidiary Central European Media Enterprises N.V. ("CME NV") and CME BV and is secured by a pledge over 100% of the outstanding shares of each of CME NV and CME BV. The covenants and events of default under the Reimbursement Agreement are substantially the same as under the 2023 Revolving Credit Facility (described below). We pay Guarantee Fees to Warner Media based on the amounts outstanding on the Euro Loans calculated on a per annum basis and on our consolidated net leverage (as defined in the Reimbursement Agreement) as shown in the tables below: All-in Rate Consolidated Net Leverage 2019 Euro Loan 2021 Euro Loan 2023 Euro Loan ≥ 7.0x 6.00 % 6.00 % 6.50 % < 7.0x - 6.0x 5.00 % 5.00 % 5.50 % < 6.0x - 5.0x 4.25 % 4.25 % 4.75 % < 5.0x - 4.0x 3.75 % 3.75 % 4.25 % < 4.0x - 3.0x 3.25 % 3.25 % 3.75 % < 3.0x 3.25 % 3.25 % 3.50 % The all-in rate remains subject to a further reduction of up to 50 basis points if CME’s total debt is reduced below EUR 815.0 million on or prior to September 30, 2018, subject to certain adjustments in respect of specified debt repayments, such that the all-in rate cannot be less than 3.0% . Pursuant to the Financing Transactions, the Guarantee Fees must be paid in cash. Our consolidated net leverage as at June 30, 2018 and December 31, 2017 was 4.4x and 5.4x , respectively. For the three and six months ended June 30, 2018 and 2017 , we recognized US$ 5.3 million and US$ 14.0 million ; and US$ 11.5 million and US$ 24.5 million , respectively, of Guarantee Fees as interest expense in our condensed consolidated statements of operations and comprehensive income / loss. The Guarantee Fees relating to the 2019 Euro Loan and the 2021 Euro Loan are payable semi-annually in arrears on each May 1 and November 1. The Guarantee Fees relating to the 2023 Euro Loan are payable semi-annually in arrears on each June 1 and December 1. The Guarantee Fees previously paid in kind are presented as a component of other non-current liabilities (see Note 11, "Other Liabilities" ) and bear interest per annum at their respective Guarantee Fee rate (as set forth in the table below). Guarantee Fees are included in cash flows from operating activities in our condensed consolidated statements of cash flows. Interest Rate Summary Base Rate Rate Fixed Pursuant to Interest Rate Hedges Guarantee Fee Rate All-in Borrowing Rate 2019 Euro Loan 1.28 % 0.14 % 2.33 % 3.75 % 2021 Euro Loan 1.28 % 0.31 % (1) 2.16 % 3.75 % 2023 Euro Loan 1.28 % 0.28 % (2) 2.69 % 4.25 % 2023 Revolving Credit Facility (3) 6.34 % (4) — % — % 6.34 % (1) Effective until November 1, 2019. From November 1, 2019 through maturity on November 1, 2021, the rate fixed pursuant to interest rate hedges will increase to 0.47% , with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 3.75% if our net leverage ratio remains unchanged. (2) Effective until February 19, 2021. From February 19, 2021 through maturity on April 26, 2023, the rate fixed pursuant to interest rate hedges will increase to 0.97% , with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 4.25% if our net leverage ratio remains unchanged. (3) As at June 30, 2018 , the 2023 Revolving Credit Facility was undrawn. (4) Based on the three month LIBOR of 2.34% as at June 30, 2018 . 2023 Revolving Credit Facility (formerly the 2021 Revolving Credit Facility) We had no balance outstanding under the US$ 75.0 million revolving credit facility (the "2023 Revolving Credit Facility") as at June 30, 2018 . The 2023 Revolving Credit Facility bears interest at a rate per annum based on, at our option, an alternate base rate ("ABR Loans" as defined in the 2023 Revolving Credit Facility Agreement) plus the spread applicable to ABR Loans based on our consolidated net leverage or an amount equal to the greater of (i) an adjusted LIBO rate and (ii) 1.0% , plus the spread applicable to the Eurodollar Loans (as defined in the 2023 Revolving Credit Facility Agreement) based on our consolidated net leverage ratio (as defined in the Reimbursement Agreement), with all amounts payable in cash. The maturity date of the 2023 Revolving Credit Facility is April 26, 2023. When drawn, the 2023 Revolving Credit Facility permits prepayment at our option in whole or in part without penalty. Pursuant to the Financing Transactions, the following spreads are applicable: Consolidated Net Leverage Alternate Base Rate Loans Eurodollar Loans ≥ 7.0x 5.25 % 6.25 % < 7.0x - 6.0x 4.25 % 5.25 % < 6.0x - 5.0x 3.50 % 4.50 % < 5.0x - 4.0x 3.00 % 4.00 % < 4.0x - 3.0x 2.50 % 3.50 % < 3.0x 2.25 % 3.25 % The 2023 Revolving Credit Facility is jointly and severally guaranteed by CME NV and CME BV and is secured by a pledge over 100% of the outstanding shares of each of CME NV and CME BV. The 2023 Revolving Credit Facility agreement contains limitations on CME’s ability to incur indebtedness, incur guarantees, grant liens, pay dividends or make other distributions, enter into certain affiliate transactions, consolidate, merge or effect a corporate reconstruction, make certain investments acquisitions and loans, and conduct certain asset sales. The agreement also contains maintenance covenants in respect of interest cover and total leverage ratios, and has covenants in respect of incurring indebtedness, the provision of guarantees, making investments and disposals, granting security and certain events of defaults. Other Credit Facilities and Capital Lease Obligations Other credit facilities and capital lease obligations comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Credit facilities (1) – (3) $ — $ — Capital leases 10,385 9,487 Total credit facilities and capital leases 10,385 9,487 Less: current maturities (3,505 ) (2,960 ) Total non-current credit facilities and capital leases $ 6,880 $ 6,527 (1) We have a cash pooling arrangement with Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), which enables us to receive credit throughout the group in respect of cash balances which our subsidiaries deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited. As at June 30, 2018 , we had deposits of US$ 17.5 million in and no drawings on the BMG cash pool. Interest is earned on deposits at the relevant money market rate. As at December 31, 2017 , we had deposits of US$ 12.4 million in and no drawings on the BMG cash pool. (2) Under a factoring framework agreement with Factoring Česka spořitelna a.s., up to CZK 575.0 million (approximately US$ 25.8 million ) of receivables from certain customers in the Czech Republic may be factored on a recourse or non-recourse basis. The facility has a factoring fee of 0.19% of any factored receivable and bears interest at one-month PRIBOR plus 0.95% per annum for the period that receivables are factored and outstanding. (3) Under a factoring framework agreement with Global Funds IFN S.A., receivables from certain customers in Romania may be factored on a non-recourse basis. The facility has a factoring fee of 4.0% of any factored receivable and bears interest at 6.0% per annum from the date the receivables are factored to the due date of the factored receivable. Total Group At June 30, 2018 , the maturity of our long-term debt and credit facilities was as follows: 2018 $ — 2019 47,565 2020 — 2021 274,354 2022 — 2023 and thereafter 546,527 Total long-term debt and credit facilities 868,446 Debt issuance costs (6,159 ) Carrying amount of long-term debt and credit facilities $ 862,287 Capital Lease Commitments We lease certain of our office and broadcast facilities as well as machinery and equipment under various leasing arrangements. The future minimum lease payments, by year and in the aggregate, under capital leases with initial or remaining non-cancellable lease terms in excess of one year, consisted of the following at June 30, 2018 : 2018 $ 1,912 2019 3,466 2020 3,152 2021 1,969 2022 259 2023 and thereafter — Total undiscounted payments 10,758 Less: amount representing interest (373 ) Present value of net minimum lease payments $ 10,385

PROGRAM RIGHTS

PROGRAM RIGHTS	6 Months Ended
	Jun. 30, 2018
PROGRAM RIGHTS [Abstract]
PROGRAM RIGHTS	6. PROGRAM RIGHTS Program rights comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Program rights: Acquired program rights, net of amortization $ 148,748 $ 161,929 Less: current portion of acquired program rights (71,437 ) (69,706 ) Total non-current acquired program rights 77,311 92,223 Produced program rights – Feature Films: Released, net of amortization 772 939 Produced program rights – Television Programs: Released, net of amortization 52,312 49,888 Completed and not released 5,524 9,987 In production 18,620 28,971 Development and pre-production 303 162 Total produced program rights 77,531 89,947 Total non-current acquired program rights and produced program rights $ 154,842 $ 182,170

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	6 Months Ended
	Jun. 30, 2018
Accounts Receivable, Net [Abstract]
ACCOUNTS RECEIVABLE	7. ACCOUNTS RECEIVABLE Accounts receivable comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Third-party customers $ 155,865 $ 168,805 Less: allowance for bad debts and credit notes (9,491 ) (9,902 ) Total accounts receivable $ 146,374 $ 158,903

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Jun. 30, 2018
Other Assets [Abstract]
OTHER ASSETS	8. OTHER ASSETS Other current and non-current assets comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Current: Prepaid acquired programming $ 24,360 $ 22,579 Other prepaid expenses 7,452 7,616 VAT recoverable 485 650 Income taxes recoverable 985 109 Other 1,740 2,152 Total other current assets $ 35,022 $ 33,106 June 30, 2018 December 31, 2017 Non-current: Capitalized debt costs $ 10,946 $ 12,947 Deferred tax 2,755 2,964 Other 238 958 Total other non-current assets $ 13,939 $ 16,869 Capitalized debt costs are being amortized over the term of the 2023 Revolving Credit Facility using the straight-line method, which approximates the effective interest method.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	9. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Land and buildings $ 83,712 $ 86,480 Machinery, fixtures and equipment 195,089 195,682 Other equipment 15,741 16,121 Software 53,033 53,143 Construction in progress 1,508 3,026 Total cost 349,083 354,452 Less: accumulated depreciation (252,302 ) (250,804 ) Total net book value $ 96,781 $ 103,648 Assets held under capital leases (included in the above) Machinery, fixtures and equipment $ 17,445 $ 14,193 Total cost 17,445 14,193 Less: accumulated depreciation (6,578 ) (5,151 ) Total net book value $ 10,867 $ 9,042 The movement in the net book value of property, plant and equipment during the six months ended June 30, 2018 and 2017 was comprised of: For the Six Months Ended June 30, 2018 2017 Opening balance $ 103,648 $ 89,080 Additions (1) 11,646 10,409 Disposals (23 ) (84 ) Depreciation (14,914 ) (12,409 ) Foreign currency movements (3,576 ) 8,663 Ending balance $ 96,781 $ 95,659 (1) Includes assets acquired under capital leases of US$ 4.0 million and US$ 4.0 million for the six months ended June 30, 2018 and 2017 , respectively.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2018
Accounts Payable and Accrued Liabilities [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	10. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Accounts payable and accrued expenses $ 50,894 $ 53,408 Related party accounts payable 143 252 Programming liabilities 16,573 16,923 Related party programming liabilities 12,264 20,027 Duties and other taxes payable 6,560 8,769 Accrued staff costs 13,428 18,430 Accrued interest payable 2,945 3,326 Related party accrued interest payable (including Guarantee Fees) 2,641 6,273 Income taxes payable 7,843 14,018 Other accrued liabilities 1,509 2,467 Total accounts payable and accrued liabilities $ 114,800 $ 143,893

OTHER LIABILITIES

OTHER LIABILITIES	6 Months Ended
	Jun. 30, 2018
Other Liabilities [Abstract]
OTHER LIABILITIES	11. OTHER LIABILITIES Other current and non-current liabilities comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Current: Deferred revenue $ 23,219 $ 5,675 Legal provisions 2,016 2,907 Other 618 698 Total other current liabilities $ 25,853 $ 9,280 June 30, 2018 December 31, 2017 Non-current: Deferred tax $ 19,222 $ 20,569 Related party commitment fee payable (1) 11,218 10,765 Related party Guarantee Fee payable (Note 5) 62,817 58,855 Other 10,840 5,065 Total other non-current liabilities $ 104,097 $ 95,254 (1) Represents the commitment fee ("Commitment Fee") payable to Warner Media, including accrued interest, in respect of its obligation under a commitment letter dated November 14, 2014 between Warner Media and us whereby Warner Media agreed to provide or assist with arranging a loan facility to repay our 5.0% senior convertible notes at maturity in November 2015. The Commitment Fee is payable by November 1, 2021 or earlier if the repayment of the 2021 Euro Loan is accelerated. The Commitment Fee bears interest at 8.5% per annum and such interest is payable in arrears on each May 1 and November 1, and may be paid in cash or in kind, at our election. During the three and six months ended June 30, 2018 and 2017 , we recognized revenue of US$ 1.6 million and US$ 4.1 million ; and US$ 1.2 million ; and US$ 3.7 million related to our deferred revenue existing at December 31, 2017 and 2016, respectively. The increase in our deferred revenues for the six months ended June 30, 2018 is primarily the result of cash payments received from customers in advance of satisfying our performance obligations.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	12. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS ASC 820, “Fair Value Measurements and Disclosure”, establishes a hierarchy that prioritizes the inputs to those valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are: Basis of Fair Value Measurement Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted instruments. Level 2 Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. We evaluate the position of each financial instrument measured at fair value in the hierarchy individually based on the valuation methodology we apply. The carrying amount of financial instruments, including cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities, approximate their fair value due to the short-term nature of these items. The fair value of our long-term debt is included in Note 5, "Long-term Debt and Other Financing Arrangements" . Hedging Activities Cash Flow Hedges of Interest Rate Risk We are party to interest rate swap agreements to mitigate our exposure to interest rate fluctuations on the outstanding principal amount of the Euro Loans. These interest rate swaps provide us with variable-rate cash receipts in exchange for fixed-rate payments over the lives of the agreements, with no exchange of the underlying notional amount. These instruments are carried at fair value on our condensed consolidated balance sheets as other current and other non-current liabilities based on their maturity. We value the interest rate swap agreements using a valuation model which calculates the fair value on the basis of the net present value of the estimated future cash flows. The most significant input used in the valuation model is the expected EURIBOR-based yield curve. These instruments were allocated to Level 2 of the fair value hierarchy because the critical inputs to this model, including current interest rates, relevant yield curves and the known contractual terms of the instruments, were readily observable. The effective portion of the changes in the fair value of the designated instruments is recorded in accumulated other comprehensive income / loss and subsequently reclassified to interest expense when the hedged item affects earnings. The ineffective portion of changes in the fair value is recognized immediately in other non-operating expense / income, net in our condensed consolidated statements of operations and comprehensive income / loss. For the three and six months ended June 30, 2018 and 2017 , we did not recognize any charges related to hedge ineffectiveness. All changes in fair value are recorded in other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss. Information relating to interest rates swaps is as follows: Trade Date Number of Contracts Aggregate Notional Amount Designated Portion Maturity Date Objective Fair Value as at June 30, 2018 April 26, 2018 4 EUR 468,800 EUR 468,800 April 26, 2023 Interest rate hedge underlying 2023 Euro Loan, forward starting on February 19, 2021 $ (2,821 ) April 5, 2016 5 EUR 468,800 EUR 468,800 February 19, 2021 Interest rate hedge underlying 2023 Euro Loan $ (2,609 ) April 26, 2018 3 EUR 235,335 EUR 78,367 November 1, 2021 Interest rate hedge underlying 2021 Euro Loan, forward starting on November 1, 2019 $ (932 ) November 10, 2015 3 EUR 235,335 EUR 78,367 November 1, 2019 Interest rate hedge underlying 2021 Euro Loan $ (1,137 ) April 5, 2016 4 EUR 40,800 EUR — November 1, 2018 Interest rate hedge underlying 2019 Euro Loan $ (24 ) As a part of the Financing Transactions (see Note 5, "Long-term Debt and Other Financing Arrangements" ) we entered into forward starting interest rate swap agreements to mitigate our exposure to interest rate fluctuations on the outstanding principal amount of the 2021 Euro Loan and 2023 Euro Loan for the period from maturity of the current instruments until the prolonged maturity date of the related Euro Loan. In May 2018, we settled in part the interest rate swaps underlying the 2019 Euro Loan to align with the EUR 110.0 million reduction of the principal balance of that loan following the repayment on May 3, 2018 (see Note 5, "Long-term Debt and Other Financing Arrangements" ). Changes in the fair value of the settled portion of this interest rate swap are recognized within other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss. The expected proceeds from the Divestment Transaction will be used to satisfy amounts owing in respect of the 2019 Euro Loan and a portion of the 2021 Euro Loan (see Note 5, "Long-term Debt and Other Financing Arrangements" ). The anticipated reduction of principal amounts owing in respect of the 2021 Euro Loan will reduce future interest payments that the interest rate swap maturing on November 1, 2019 is designed to hedge. To maintain the effectiveness of the interest rate swap, we have de-designated a portion to align the notional amount of the instrument with the 2021 Euro Loan principal that will remain after the application of Divestment Transaction proceeds. For the portion de-designated, all related fair value adjustments, including those previously recognized in accumulated other comprehensive income / loss, are recognized in other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss (see Note 14, "Equity" ). Foreign Currency Risk From time to time, we have entered into forward foreign exchange contracts to reduce our exposure to movements in foreign exchange rates related to contractual payments under certain dollar-denominated agreements. As at June 30, 2018 , we had no such forward foreign exchange contracts outstanding. Fair Value of Derivatives The change in fair value of derivatives not recognized within accumulated other comprehensive income / loss comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Loss on currency swaps $ — $ (1,100 ) $ — $ (732 ) Loss on interest rate swaps (1,101 ) — (1,329 ) — Change in fair value of derivatives $ (1,101 ) $ (1,100 ) $ (1,329 ) $ (732 )

CONVERTIBLE REDEEMABLE PREFERRE

CONVERTIBLE REDEEMABLE PREFERRED STOCK	6 Months Ended
	Jun. 30, 2018
Temporary Equity Disclosure [Abstract]
CONVERTIBLE REDEEMABLE PREFERRED STOCK	13. CONVERTIBLE REDEEMABLE PREFERRED SHARES 200,000 shares of our Series B Convertible Redeemable Preferred Stock, par value US$ 0.08 per share (the “Series B Preferred Shares”) were issued and outstanding as at June 30, 2018 and December 31, 2017 . As at June 30, 2018 and December 31, 2017 , the accreted value of the Series B Preferred Shares was US$ 269.4 million and US$ 264.6 million , respectively. The Series B Preferred Shares are held by Time Warner Media Holdings B.V. ("TW Investor"), a wholly owned subsidiary of AT&T. As of June 30, 2018 , the 200,000 shares of Series B preferred stock were convertible into approximately 111.1 million shares of Class A common stock. The stated value of the Series B Preferred Shares of US$ 1,000 per share accreted at an annual rate of 3.75% , compounded quarterly, from June 25, 2016 until June 24, 2018. The Series B Preferred Shares will not accrete further. Each Series B Preferred Share may, at the holder's option, be converted into the number of shares of our Class A common stock determined by dividing (i) the accreted stated value plus accrued but unpaid dividends, if any, in each case as of the conversion date, by (ii) the conversion price, which was approximately US$ 2.42 at June 30, 2018 , but is subject to adjustment from time to time pursuant to customary weighted-average anti-dilution provisions with respect to our issuances of equity or equity-linked securities at a price below the then-applicable conversion price (excluding any securities issued under our benefit plans at or above fair market value). We have the right to redeem the Series B Preferred Shares in whole or in part upon 30 days ' written notice. The redemption price of each outstanding Series B Preferred Share is equal to its accreted stated value plus accrued but unpaid dividends, if any, in each case as of the redemption date specified in the redemption notice. After receipt of a redemption notice, each holder of Series B Preferred Shares will have the right to convert, prior to the date of redemption, all or part of such Series B Preferred Shares to be redeemed by us into shares of our Class A common stock in accordance with the terms of conversion described above. Holders of the Series B Preferred Shares have no voting rights on any matter presented to holders of any class of our capital stock, with the exception that they may vote with holders of shares of our Class A common stock (i) with respect to a change of control event or (ii) as provided by our Bye-laws or applicable Bermuda law. Holders of Series B Preferred Shares will participate in any dividends declared or paid on our Class A common stock on an as-converted basis. The Series B Preferred Shares will rank pari passu with our Series A Convertible Preferred Stock and senior to all other equity securities of the Company in respect of payment of dividends and distribution of assets upon liquidation. The Series B Preferred Shares have such other rights, powers and preferences as are set forth in the Certificate of Designation for the Series B Preferred Shares. The Series B Preferred Shares are not considered a liability and the embedded conversion feature does not require bifurcation. The Series B Preferred Shares are classified outside of permanent equity at redemption value which includes accreted changes in the redemption value since issuance. For the three and six months ended June 30, 2018 and 2017 , we recognized accretion on the Series B Preferred Shares of US$ 2.3 million and US$ 4.8 million ; and US$ 2.4 million and US$ 4.8 million , respectively, with corresponding decreases in additional paid-in capital.

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
EQUITY	14. EQUITY Preferred Stock 5,000,000 shares of Preferred Stock were authorized as at June 30, 2018 and December 31, 2017 . One share of Series A Convertible Preferred Stock (the "Series A Preferred Share") was issued and outstanding as at June 30, 2018 and December 31, 2017 . The Series A Preferred Share is convertible into 11,211,449 shares of Class A common stock on the date that is 61 days after the date on which the ownership of our outstanding shares of Class A common stock by a group that includes TW Investor and its affiliates would not be greater than 49.9% . The Series A Preferred Share is entitled to one vote per each share of Class A common stock into which it is convertible and has such other rights, powers and preferences, including potential adjustments to the number of shares of Class A common stock to be issued upon conversion, as are set forth in the Certificate of Designation for the Series A Preferred Share. 200,000 shares of Series B Preferred Shares were issued and outstanding as at June 30, 2018 and December 31, 2017 (see Note 13, "Convertible Redeemable Preferred Shares" ). As of June 30, 2018 , the 200,000 Series B Preferred Shares were convertible into approximately 111.1 million shares of Class A common stock. Class A and Class B Common Stock 440,000,000 shares of Class A common stock and 15,000,000 shares of Class B common stock were authorized as at June 30, 2018 and December 31, 2017 . The rights of the holders of Class A common stock and Class B common stock are identical except for voting rights. The shares of Class A common stock are entitled to one vote per share and the shares of Class B common stock are entitled to ten votes per share. Shares of Class B common stock are convertible into shares of Class A common stock on a one -for- one basis for no additional consideration and automatically convert into shares of Class A common stock on a one-for-one basis when the number of shares of Class B common stock is less than 10% of the total number of shares of common stock outstanding. Holders of each class of shares are entitled to receive dividends and upon liquidation or dissolution are entitled to receive all assets available for distribution to holders of our common stock. Under our bye-laws, the holders of each class have no preemptive or other subscription rights and there are no redemption or sinking fund provisions with respect to such shares. There were 252.1 million and 145.5 million shares of Class A common stock outstanding at June 30, 2018 and December 31, 2017 , respectively, and no shares of Class B common stock outstanding at June 30, 2018 or December 31, 2017 . As at June 30, 2018 , TW Investor owns 64.4% of the outstanding shares of Class A common stock. In connection with the exercise of warrants by Warner Media and TW Investor (described below), each of them issued standing proxies to the independent directors of the Company, pursuant to which it granted the right to vote the shares received on the exercise of those warrants (the “Warrant Shares”) on all matters other than a change in control. In accordance with these proxies, the Warrant Shares will be voted in proportion to votes cast at a general meeting of the Company, excluding such Warrant Shares. As a result of the standing proxies, after giving effect to its ownership of the Series A Preferred Share, TW Investor has a 44.7% voting interest in the Company. Warrants On May 2, 2014, we issued 114,000,000 warrants in connection with a rights offering. Each warrant was exercisable until May 2, 2018 and entitled the holder thereof to receive one share of our Class A common stock at an exercise price of US$ 1.00 per share in cash. During the six months ended June 30, 2018 , 105,652,401 warrants were exercised, including 100,926,996 by Warner Media (formerly Time Warner, Inc. at date of exercise) and TW Investor, resulting in net proceeds to us of approximately US$ 105.7 million . Of the 114,000,000 issued warrants, 202,175 expired unexercised on May 2, 2018. Accumulated Other Comprehensive Loss The movement in accumulated other comprehensive loss during the six months ended June 30, 2018 comprised the following: Currency translation adjustment, net Unrealized (loss) / gain on derivative instruments designated as hedging instruments TOTAL Accumulated Other Comprehensive Loss BALANCE December 31, 2017 $ (184,256 ) $ (3,182 ) $ (187,438 ) Other comprehensive (loss) / income before reclassifications: Foreign exchange loss on intercompany loans (1) (3,524 ) — (3,524 ) Foreign exchange loss on the Series B Preferred Shares (7,677 ) — (7,677 ) Currency translation adjustment (11,867 ) — (11,867 ) Change in the fair value of hedging instruments — (5,595 ) (5,595 ) Amounts reclassified from accumulated other comprehensive loss: Changes in fair value reclassified to interest expense — 1,231 1,231 Changes in fair value reclassified to other non-operating income, net (2) — 1,436 1,436 Net other comprehensive income (23,068 ) (2,928 ) (25,996 ) BALANCE June 30, 2018 $ (207,324 ) $ (6,110 ) $ (213,434 ) (1) Represents foreign exchange losses on intercompany loans that are of a long-term investment nature which are reported in the same manner as translation adjustments. (2) We expect to repay a portion of the 2021 Euro Loan with the expected proceeds from the Divestment Transaction (see Note 5, "Long-term Debt and Other Financing Arrangements" ). This anticipated reduction of principal amounts owing in respect of the 2021 Euro Loan will reduce future interest payments that the interest rate swap maturing on November 1, 2019 is designed to hedge. To maintain the effectiveness of the interest rate swap, we have de-designated a portion of the notional amount to align with the principal balance of the 2021 Euro Loan principal that will remain after the application of Divestment Transaction proceeds. For the portion de-designated, all related fair value adjustments including those previously recognized in accumulated other comprehensive income / loss are recognized in other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss (see Note 12, "Financial Instruments and Fair Value Measurements" ).

INTEREST EXPENSE

INTEREST EXPENSE	6 Months Ended
	Jun. 30, 2018
Interest Expense [Abstract]
INTEREST EXPENSE	15. INTEREST EXPENSE Interest expense comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Interest on long-term debt and other financing arrangements $ 9,374 $ 16,012 $ 22,829 $ 33,641 Amortization of capitalized debt issuance costs 1,067 1,416 2,624 2,780 Total interest expense $ 10,441 $ 17,428 $ 25,453 $ 36,421 We paid cash interest (including mandatory cash-pay Guarantee Fees) of US$ 21.5 million and US$ 19.6 million during the six months ended June 30, 2018 and 2017 , respectively. Interest expense related to the 2019 Euro Loan and 2021 Euro Loan has been allocated to results from discontinued operations relative to the proportion of those principal balances expected to be repaid from the proceeds of the Divestment Transaction (see Note 3, "Discontinued Operations and Assets Held for Sale" ).

OTHER NONOPERATING EXPENSE, NET

OTHER NONOPERATING EXPENSE, NET	6 Months Ended
	Jun. 30, 2018
Other Income and Expenses [Abstract]
OTHER NON-OPERATING INCOME / EXPENSE	16. OTHER NON-OPERATING INCOME / EXPENSE, NET Other non-operating income / expense, net comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Interest income $ 204 $ 110 $ 346 $ 187 Foreign currency exchange (loss) / gain, net (6,054 ) 7,864 (1,788 ) 9,476 Change in fair value of derivatives (Note 12) (1,101 ) (1,100 ) (1,329 ) (732 ) Loss on extinguishment of debt (179 ) — (288 ) — Other income, net 194 34 171 209 Total other non-operating (expense) / income, net $ (6,936 ) $ 6,908 $ (2,888 ) $ 9,140

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	17. STOCK-BASED COMPENSATION Under our 2015 Stock Incentive Plan (the "2015 Plan"), 6,000,000 shares of Class A common stock are authorized for grants of stock options, restricted stock units ("RSU"), restricted stock and stock appreciation rights to employees and non-employee directors. In addition, any shares available under our Amended and Restated Stock Incentive Plan (which expired on June 1, 2015), including in respect of any awards that expire, terminate or are forfeited, will be available for awards under the 2015 Plan. Under the 2015 Plan, awards are made to employees and directors at the discretion of the Compensation Committee. Any awards previously issued under the Amended and Restated Stock Incentive Plan will continue to be governed by the terms of that plan. The charge for stock-based compensation in our condensed consolidated statement of operations and comprehensive income / loss was as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Stock-based compensation expense from continuing operations $ 1,088 $ 845 $ 2,162 $ 1,612 Stock-based compensation expense from discontinued operations 40 34 78 63 Stock Options Grants of options allow the holders to purchase shares of Class A common stock at an exercise price, which is generally the market price prevailing at the date of the grant, with vesting between one and four years after the awards are granted. There was no option activity during the six months ended June 30, 2018 . The summary of stock options outstanding as at June 30, 2018 and December 31, 2017 is presented below: Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at December 31, 2017 2,011,392 $ 2.32 7.58 $ 4,677 Outstanding at June 30, 2018 2,011,392 2.32 7.08 3,671 Vested and expected to vest 2,011,392 2.32 7.08 3,671 Exercisable at June 30, 2018 1,405,696 $ 2.31 7.04 $ 2,580 When options are vested, holders may exercise them at any time up to the maximum contractual life of the instrument which is specified in the option agreement. At June 30, 2018 , the maximum life of options that were issued under the 2015 Plan was ten years . Upon providing the appropriate written notification, holders pay the exercise price and receive shares. Shares delivered in respect of stock option exercises are newly issued shares. The fair value of stock options is estimated on the grant date using the Black-Scholes option-pricing model and recognized ratably over the requisite service period as a component of selling, general and administrative expenses. The aggregate intrinsic value (the difference between the stock price on the last day of trading of the second quarter of June 30, 2018 and the exercise prices multiplied by the number of in-the-money options) represents the total intrinsic value that would have been received by the option holders had they exercised all in-the-money options as at June 30, 2018 . This amount changes based on the fair value of our Class A common stock. As at June 30, 2018 , there was US$ 0.8 million of unrecognized compensation expense related to stock options which is expected to be recognized over a weighted-average period of 1.2 years . Restricted Stock Units Each RSU represents a right to receive one share of Class A common stock of the Company for each RSU that vests in accordance with a time-based vesting schedule, generally between one to four years from the date of grant. Upon vesting, shares of Class A common stock are issued from authorized but unissued shares. Holders of RSU awards are not entitled to receive cash dividend equivalents and are not entitled to vote. The grant date fair value of RSUs is calculated as the closing price of our Class A common shares on the date of grant and presented as a component of selling, general and administrative expenses. The following table summarizes information about unvested RSU as at June 30, 2018 and December 31, 2017 : Number of Shares / Units Weighted Average Grant Date Fair Value Unvested at December 31, 2017 2,694,063 $ 3.07 Granted 962,369 4.28 Vested (1,162,732 ) 3.17 Unvested at June 30, 2018 2,493,700 $ 3.49 As at June 30, 2018 and December 31, 2017 , there were 479,406 and 719,109 , respectively, of unvested RSUs with performance conditions included in the above. No RSUs with performance conditions were granted or forfeited during the six months ended June 30, 2018 . As at June 30, 2018 , the intrinsic value of unvested RSUs was US$ 10.3 million . Total unrecognized compensation cost related to unvested RSUs as at June 30, 2018 was US$ 6.9 million and is expected to be recognized over a weighted-average period of 2.6 years .

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	18. EARNINGS PER SHARE We determined that the Series B Preferred Shares are a participating security, and accordingly, our basic and diluted net income / loss per share is calculated using the two-class method. Under the two-class method, basic net income / loss per common share is computed by dividing the net income available to common shareholders after deducting contractual amounts of accretion on our Series B Preferred Shares and the income allocated to these shares by the weighted-average number of common shares outstanding during the period. Diluted net income / loss per share is computed by dividing the adjusted net income by the weighted-average number of dilutive shares outstanding during the period. The components of basic and diluted earnings per share are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Income from continuing operations $ 21,325 $ 25,265 $ 27,409 $ 19,283 Net loss attributable to noncontrolling interests 16 137 194 346 Less: preferred share accretion paid in kind (Note 13) (2,330 ) (2,405 ) (4,777 ) (4,762 ) Less: income allocated to Series B Preferred Shares (6,084 ) (9,347 ) (8,192 ) (6,037 ) Income from continuing operations available to common shareholders, net of noncontrolling interest 12,927 13,650 14,634 8,830 Income / (loss) from discontinued operations, net of tax (Note 3) 4,700 2,533 5,688 (2,759 ) Less: (income) / loss allocated to Series B Preferred Shares (1,504 ) (1,030 ) (2,041 ) 1,120 Net income attributable to CME Ltd. available to common shareholders — basic 16,123 15,153 18,281 7,191 Effect of dilutive securities Dilutive effect of Series B Preferred Shares 485 2,430 1,524 1,103 Net income attributable to CME Ltd. available to common shareholders — diluted $ 16,608 $ 17,583 $ 19,805 $ 8,294 Weighted average outstanding shares of common stock — basic (1) 235,148 155,738 196,807 155,269 Dilutive effect of common stock warrants, employee stock options and RSUs 23,635 80,214 53,708 75,603 Weighted average outstanding shares of common stock — diluted 258,783 235,952 250,515 230,872 Net income / (loss) per share: Continuing operations — basic $ 0.05 $ 0.09 $ 0.07 $ 0.06 Continuing operations — diluted 0.05 0.07 0.06 0.04 Discontinued operations — basic 0.02 0.01 0.02 (0.01 ) Discontinued operations — diluted 0.01 0.00 0.02 0.00 Net income attributable to CME Ltd. — basic 0.07 0.10 0.09 0.05 Net income attributable to CME Ltd. — diluted 0.06 0.07 0.08 0.04 (1) For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock. The following weighted-average, equity awards and convertible shares were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive for the periods presented: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Employee stock options — — — 411 RSUs 1,013 479 1,013 698 Total 1,013 479 1,013 1,109 These instruments may become dilutive in the future. As set forth in the Certificate of Designation for the Series B Preferred Shares, the holders of our Series B Preferred Shares are not contractually obligated to share in our losses.

SEGMENT DATA

SEGMENT DATA	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT DATA	. SEGMENT DATA We manage our business on a geographical basis, with four operating segments: Bulgaria, the Czech Republic, Romania and the Slovak Republic, which are also our reportable segments and our main operating countries. These segments reflect how CME Ltd.’s operating performance is evaluated by our chief operating decision makers, who we have identified as our co-Chief Executive Officers; how operations are managed by segment managers; and the structure of our internal financial reporting. Our segments generate revenues primarily from the sale of advertising and sponsorship on our channels. This is supplemented by revenues from cable and satellite television service providers that carry our channels on their platforms and from revenues through the sale of distribution rights to third parties. We do not rely on any single major customer or group of major customers. Intersegment revenues and profits have been eliminated in consolidation. We evaluate our consolidated results and the performance of our segments based on net revenues and OIBDA (as defined below). We believe OIBDA is useful to investors because it provides a meaningful representation of our performance as it excludes certain items that either do not impact our cash flows or the operating results of our operations. OIBDA is also used as a component in determining management bonuses. OIBDA includes amortization and impairment of program rights and is calculated as operating income / loss before depreciation, amortization of intangible assets, impairments of assets and certain unusual or infrequent items that are not considered by our chief operating decision makers when evaluating our performance. From January 1, 2018, stock-based compensation and certain operating costs incurred on behalf of our segments at the corporate level have been allocated to our segments for purposes of evaluating their performance. Prior period information has been recast to conform to the current period presentation. Below are tables showing our net revenues, OIBDA, total assets, capital expenditures and long-lived assets for our continuing operations by segment for the three and six months ended June 30, 2018 and 2017 for condensed consolidated statements of operations and comprehensive income / loss data and condensed consolidated statements of cash flow data; and as at June 30, 2018 and December 31, 2017 for condensed consolidated balance sheet data. Net revenues: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Bulgaria $ 23,427 $ 20,774 $ 42,860 $ 36,079 Czech Republic 61,028 53,371 112,562 92,845 Romania 49,594 48,570 95,555 87,514 Slovak Republic 26,770 24,624 49,723 42,964 Intersegment revenues (1) (1,264 ) (444 ) (1,963 ) (775 ) Total net revenues $ 159,555 $ 146,895 $ 298,737 $ 258,627 (1) Reflects revenues earned from the sale of content to other country segments in CME Ltd. All other revenues are third party revenues. OIBDA: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Bulgaria $ 5,622 $ 2,985 $ 8,603 $ 4,243 Czech Republic 28,251 25,377 43,621 36,124 Romania 24,196 22,071 43,089 36,531 Slovak Republic 3,906 7,409 5,009 8,157 Elimination 28 24 40 16 Total operating segments 62,003 57,866 100,362 85,071 Corporate (6,346 ) (6,210 ) (14,038 ) (12,323 ) Total OIBDA 55,657 51,656 86,324 72,748 Depreciation of property, plant and equipment (7,548 ) (6,450 ) (14,914 ) (12,409 ) Amortization of broadcast licenses and other intangibles (2,267 ) (2,053 ) (4,623 ) (4,162 ) Operating income 45,842 43,153 66,787 56,177 Interest expense (Note 15) (10,441 ) (17,428 ) (25,453 ) (36,421 ) Other non-operating (expense) / income, net (Note 16) (6,936 ) 6,908 (2,888 ) 9,140 Income before tax $ 28,465 $ 32,633 $ 38,446 $ 28,896 Total assets: (1) June 30, 2018 December 31, 2017 Bulgaria $ 136,462 $ 155,885 Czech Republic 773,098 842,716 Romania 294,633 307,286 Slovak Republic 150,674 149,866 Total operating segments 1,354,867 1,455,753 Corporate 24,802 24,146 Assets held for sale (Note 3) 142,623 148,156 Total assets $ 1,522,292 $ 1,628,055 (1) Segment assets exclude any intercompany balances. Capital expenditures: For the Six Months Ended June 30, 2018 2017 Bulgaria $ 1,349 $ 2,019 Czech Republic 3,539 5,088 Romania 1,528 2,966 Slovak Republic 1,080 900 Total operating segments 7,496 10,973 Corporate 338 1,003 Total capital expenditures $ 7,834 $ 11,976 Long-lived assets: (1) June 30, 2018 December 31, 2017 Bulgaria $ 8,005 $ 7,863 Czech Republic 39,978 46,146 Romania 28,680 28,515 Slovak Republic 17,415 17,450 Total operating segments 94,078 99,974 Corporate 2,703 3,674 Total long-lived assets $ 96,781 $ 103,648 (1) Reflects property, plant and equipment, net. Revenues from contracts with customers comprised the following for the three and six months ended June 30, 2018 and 2017 : Consolidated revenue by type: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Television advertising $ 130,939 $ 120,603 $ 242,735 $ 209,656 Carriage fees and subscriptions 22,874 21,165 46,171 40,051 Other 5,742 5,127 9,831 8,920 Total net revenues $ 159,555 $ 146,895 $ 298,737 $ 258,627 Management reviews the performance of our operations based on the above revenue types as well as on a geographic basis as described above. Management does not review other disaggregations of revenues from contracts with customers.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES Commitments a) Programming Rights Agreements and Other Commitments At June 30, 2018 , we had total commitments of US$ 71.3 million ( December 31, 2017 : US$ 99.1 million ) in respect of future programming, including contracts signed with license periods starting after the balance sheet date. In addition, we have digital transmission obligations, future minimum operating lease payments for non-cancellable operating leases with remaining terms in excess of one year (net of any sublease income) and other commitments as follows: Programming purchase obligations Other commitments (1) Operating leases Capital expenditures 2018 $ 12,714 $ 8,579 $ 1,603 $ 2,857 2019 22,412 2,971 1,096 206 2020 18,189 2,171 710 — 2021 11,092 9,352 617 — 2022 3,452 195 600 — 2023 and thereafter 3,444 113 1,809 — Total $ 71,303 $ 23,381 $ 6,435 $ 3,063 (1) Other commitments are primarily comprised of digital transmission commitments and the Commitment Fee payable to Warner Media. Contingencies Litigation We are from time to time party to legal proceedings, arbitrations and regulatory proceedings arising in the normal course of our business operations, including the proceeding described below. We evaluate, on a quarterly basis, developments in such matters and provide accruals for such matters, as appropriate. In making such decisions, we consider the degree of probability of an unfavorable outcome and our ability to make a reasonable estimate of the amount of a loss. An unfavorable outcome in any such proceedings, if material, could have an adverse effect on our business or consolidated financial statements. In the fourth quarter of 2016, our Slovak subsidiary MARKIZA-SLOVAKIA, spol. s.r.o. (“Markiza”) was notified of claims that were filed in June 2016 in a court of first instance in Bratislava, the Slovak Republic to collect amounts allegedly owing under four promissory notes that have a collective face value of approximately EUR 69.0 million. These four promissory notes were purportedly issued in June 2000 by Pavol Rusko in his personal capacity and were purportedly guaranteed by Markiza under the signature of Mr. Rusko, who was an executive director of Markiza at that time as well as one of its shareholders. The notes purport to be issued in favor of Marian Kocner, a controversial Slovak businessman, and to a former associate of Mr. Kocner, and were supposedly assigned several times, ultimately to Sprava a inkaso zmeniek, s.r.o., a company owned by Mr. Kocner that is the plaintiff in these proceedings. Two of the notes, each of which purportedly has a face value of approximately EUR 8.3 million , allegedly matured in 2015; and the other two , each of which purportedly has a face value of approximately EUR 26.2 million , allegedly matured in 2016. The four notes accrue interest from their purported maturity dates. Although Mr. Rusko has asserted, both in written responses to active claims filed in respect of three of the promissory notes as well as in subsequent oral testimony, that he signed the notes in June 2000, we do not believe that the notes were signed in June 2000 or that any of the notes are authentic. Civil Proceedings Despite a random case assignment system in the Slovak Republic, claims in respect of three of the notes were initially assigned to the same judge. One of those claims, concerning one of the promissory notes having a face value of approximately EUR 8.3 million (the “First PN Case”), was subsequently reassigned. Proceedings on the claim in respect of the fourth promissory note (in the amount of approximately EUR 26.2 million ) were terminated in January 2017 by the presiding judge because the plaintiff failed to pay court fees and were terminated a second time by a different presiding judge in September 2017 after the plaintiff refiled but failed to pay court fees a second time. During the first quarter of 2018, the court of first instance began to schedule hearings in respect of the First PN Case as well as the claims relating to the second promissory note having a face value of approximately EUR 8.3 million (the “Second PN Case”) and one of the promissory notes having a face value of approximately EUR 26.2 million (the “Third PN Case”). On April 26, 2018, the judge in the First PN Case ruled in favor of the plaintiff. Markiza has appealed that decision. Criminal Proceedings On May 14, 2018, Markiza filed a criminal complaint with the Office of the Special Prosecutor Office of the Slovak Republic (the “Special Prosecutor’s Office”) alleging that Mr. Kocner and Mr. Rusko committed the offenses of (1) counterfeiting, falsification, and illegal production of money and securities and (2) obstruction or perversion of justice. The Special Prosecutor’s Office opened criminal proceedings in the matter at that time. On June 20, 2018, the Special Prosecutor’s Office issued a decision to formally charge Mr. Kocner and Mr. Rusko with counterfeiting, falsification, and illegal production of money and securities and with obstruction or perversion of justice. Subsequently, Mr. Kocner has been taken into pre-trial custody by the Slovak authorities. Following the initiation of these criminal proceedings, a hearing scheduled in respect of the Third PN Case was canceled and to date no further hearing has been scheduled. No hearings in the Second PN Case have been held. Markiza is seeking to have the civil proceedings suspended until the conclusion of the criminal proceedings. In the event any of the civil proceedings are not suspended, Markiza will continue to vigorously defend the claims. Based on the facts and circumstances of these cases, we have not accrued any amounts in respect of these claims.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	21. RELATED PARTY TRANSACTIONS We consider our related parties to be our officers, directors and shareholders who have direct control and/or influence over the Company as well as other parties that can significantly influence management. On June 14, 2018, AT&T acquired the outstanding shares of Warner Media. We have identified transactions with individuals or entities associated with AT&T, which is represented on our Board of Directors and holds a 44.7% voting interest in CME Ltd. (see Note 14, "Equity" ) as at June 30, 2018 , as material related party transactions. AT&T For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Cost of revenues $ 4,615 $ 3,716 $ 9,933 $ 7,192 Interest expense 6,508 12,878 16,981 27,253 June 30, 2018 December 31, 2017 Programming liabilities $ 12,264 $ 20,027 Other accounts payable and accrued liabilities 143 252 Accrued interest payable (1) 2,641 6,273 Other non-current liabilities (2) 74,035 69,620 (1) Amount represents accrued Guarantee Fees for which we have not yet paid in cash or made an election to pay in kind. See Note 5, "Long-term Debt and Other Financing Arrangements" . (2) Amount represents the Commitment Fee, as well as the Guarantee Fees for which we had previously made an election to pay in kind. See Note 5, "Long-term Debt and Other Financing Arrangements" .

SUBSEQUENT EVENTS Subsequent ev

SUBSEQUENT EVENTS Subsequent events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent events	22. SUBSEQUENT EVENTS On July 5, 2018, we signed an amended and restated framework agreement (the “Restated Framework Agreement”) with Slovenia Broadband S.à r.l. (the “Purchaser”), a wholly owned subsidiary of United Group B.V., amending and restating the framework agreement entered into on July 9, 2017, relating to the sale of our Croatia and Slovenia operations. Under the Restated Framework Agreement, the sale of our Croatia operations (the “Croatian Transaction”) is independent of the sale of our Slovenia operations (the “Slovenian Transaction”). The Restated Framework Agreement allocates the total cash consideration of EUR 230.0 million (approximately US$ 268.1 million ) into (i) cash consideration for closing of the Croatian Transaction of EUR 85.0 million (approximately US$ 99.1 million ) and (ii) cash consideration for closing of the Slovenian Transaction of EUR 145.0 million (approximately US$ 169.0 million ), each on a cash-free and debt-free basis and each subject to customary working capital adjustments. The Competition Protection Agency in Slovenia has confirmed that the Croatian Transaction does not fall within the scope of its review and the Croatian Transaction is expected to close on or about July 31, 2018, subject to the satisfaction of the remaining customary closing conditions. Closing of the Slovenian Transaction remains subject to receipt by the Purchaser of the approval of the Competition Protection Agency in Slovenia, as well as other customary closing conditions. The Restated Framework Agreement includes certain mutual termination rights including an extension of the right of either party to terminate the Restated Framework Agreement if the transaction had not closed by September 13, 2018. If the Restated Framework Agreement is terminated by either party because closing has not occurred prior to September 13, 2018, the Purchaser is obliged to pay CME a termination fee of EUR 7.0 million (approximately US$ 8.2 million ) if neither transaction has closed by such date, and approximately EUR 4.4 million (approximately US$ 5.1 million ) if the Croatian Transaction has closed but the Slovenian Transaction has not closed by such date, subject to certain exceptions, including if any requisite regulatory approval has not been obtained as a result of the Purchaser being required to make a specified material divestiture as a condition to such regulatory approval.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Quarterly Report on Form 10-Q and do not include all of the information and note disclosures required by generally accepted accounting principles in the United States of America (“US GAAP”). Amounts as of December 31, 2017 included in the unaudited condensed consolidated financial statements have been derived from audited consolidated financial statements as of that date. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission on February 8, 2018 . Our significant accounting policies have not changed since December 31, 2017 , except as noted below. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring items and changes in US GAAP, necessary for their fair presentation in conformity with US GAAP for complete financial statements. The results of operations for interim periods are not necessarily indicative of the results to be expected for a full year.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services, net of taxes assessed by a government authority that are both imposed on and concurrent with the specific revenue-producing transaction and collected from the customer. Timing of revenue recognition may differ from the timing of invoicing to customers. We defer the recognition of revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. We record a receivable when revenue is recognized prior to invoicing, or deferred revenue when revenue is recognized subsequent to invoicing. Invoicing typically occurs on a monthly basis and customers are obliged to pay within 30 to 60 days of issuance. For certain services and customer types, we require payment before the services are provided. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Our principal revenue streams and their respective accounting treatments are discussed below: Television advertising revenues primarily result from the sale of advertising time. Television advertising revenues are earned as the commercials are aired. In many countries, we commit to provide advertisers with certain rating levels in connection with their advertising. Revenue is recorded based on a charge per Gross Rating Point ("GRP") ordered during the month net of estimated shortfalls. Discounts and agency commissions on television advertising revenue are recognized at the point when the advertising is broadcast and are reflected as a reduction to gross revenue. These amounts are known in advance or can be reasonably estimated based on historical practice. Carriage fees and subscription revenues includes revenues from cable operators and direct-to-home broadcasters and fees from subscriptions to our streaming services. Revenues from cable operators and direct-to-home broadcasters are recognized as revenue over the period for which the channels are provided and to which the fees relate. A portion of this fee revenue is based on the number of subscribers to our channels and recognized during the period, based upon the number of subscribers. The impacts of future changes in subscriber levels are recognized when they occur as estimates of future subscribers are constrained. Revenues from subscriptions to our streaming services are recognized over the period of the subscription. Other revenues primarily includes revenues from our internet display advertising, as well as revenues from the licensing of our content. Internet display advertising revenues are recognized on a cost-per-impression basis based on the number of times a customer's advertisement is displayed on our websites. Revenues from the licensing of our content are recognized over the license period beginning from delivery or reasonable access to the content. Our revenue streams involve significant judgment with respect to the discounts and agency commissions we provide to certain customers based on the amount of advertising purchased. Such discounts are based on estimates of the total amount expected to be earned and reduce revenue based on a systematic and rational allocation of the cost of honoring the discounts earned and claimed to each of the underlying revenue transactions that result in progress by the customer towards earning the discount. Due to timing of the information provided by the rating agencies, significant judgment may be necessary to estimate the total volume of GRPs delivered within the contract period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions.
Discontinued Operations and Assets Held for Sale	Discontinued Operations and Assets Held for Sale We present our results of operations, financial position and cash flows of operations that have either been sold or that meet the criteria for "held-for-sale accounting" as discontinued operations if the disposal represents a strategic shift that will have a major effect on our operations and financial results. At the time an operation qualifies for held-for-sale accounting, the operation is evaluated to determine whether or not the carrying amount exceeds its fair value less cost to sell. Any loss as a result of carrying amounts in excess of fair value less cost to sell is recorded in the period the operation qualifies for held-for-sale accounting. Management judgment is required to (1) assess the criteria required to qualify for held-for-sale accounting, and (2) estimate fair value. Our Croatia and Slovenia operations are classified as discontinued operations and assets held for sale for all periods presented. See Note 3, "Discontinued Operations and Assets Held for Sale" .
Basis of Consolidation	Basis of Consolidation The unaudited condensed consolidated financial statements include the accounts of CME Ltd. and our subsidiaries, after the elimination of intercompany accounts and transactions. Entities in which we hold less than a majority voting interest but over which we have the ability to exercise significant influence are accounted for using the equity method. Other investments are accounted for using the cost method.
Seasonality	Seasonality We experience seasonality, with advertising sales tending to be lowest during the third quarter of each calendar year due to the summer holiday period (typically July and August), and highest during the fourth quarter of each calendar year due to the holiday season.
Recent Accounting Pronouncements	Accounting Pronouncements Adopted On January 1, 2018, we adopted Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 606, Revenue from Contracts with Customers ("ASC 606") using the modified retrospective method applied to those contracts which were not completed as of the adoption date. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under legacy guidance . Based on our assessment of the guidance in ASC 606, our method of recognizing revenue did not change. Furthermore, we did not record an adjustment to opening retained earnings as of January 1, 2018 and there was no impact to revenues for the three and six months ended June 30, 2018 . In August 2016, the FASB issued guidance which is intended to reduce the existing diversity in practice related to specific cash flow issues. As applicable to us, the guidance requires that cash flows at the settlement of zero-coupon debt instruments or debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing be bifurcated between cash outflows for operating activities for the portion attributable to accrued interest, and cash outflows for financing activities for the portion attributable to the principal. We adopted this guidance as of January 1, 2018 which did not impact our net cash flows generated from continuing operating activities in 2017 or 2018. Recent Accounting Pronouncements Issued In February 2016, the FASB issued guidance to increase transparency and comparability among organizations by recognizing leasing assets and liabilities on the balance sheet and requiring additional disclosures about an entity's leasing arrangements. The guidance requires that a lessee recognize a liability to make lease payments and a right-of-use asset, with an available exception for leases shorter than twelve months. The guidance is effective for our fiscal year beginning January 1, 2019. We have completed the initial stages of our assessment of the broad implications of the guidance on our operating segments, controls and related IT systems and continue to analyze contractual data to quantify the potential impact. In June 2016, the FASB issued new guidance to provide financial statement users with more information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendments replace the incurred loss impairment methodology in the current guidance with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance is effective for our fiscal year beginning January 1, 2020 with early adoption permitted for our fiscal year beginning January 1, 2019. We are in the process of assessing the potential impacts of this guidance.
Fair Value of Financial Instruments Policy	ASC 820, “Fair Value Measurements and Disclosure”, establishes a hierarchy that prioritizes the inputs to those valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are: Basis of Fair Value Measurement Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted instruments. Level 2 Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. We evaluate the position of each financial instrument measured at fair value in the hierarchy individually based on the valuation methodology we apply. The carrying amount of financial instruments, including cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities, approximate their fair value due to the short-term nature of these items. The fair value of our long-term debt is included in Note 5, "Long-term Debt and Other Financing Arrangements" .

FINANCIAL INSTRUMENTS AND FAI30

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments Policy	ASC 820, “Fair Value Measurements and Disclosure”, establishes a hierarchy that prioritizes the inputs to those valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are: Basis of Fair Value Measurement Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted instruments. Level 2 Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. We evaluate the position of each financial instrument measured at fair value in the hierarchy individually based on the valuation methodology we apply. The carrying amount of financial instruments, including cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities, approximate their fair value due to the short-term nature of these items. The fair value of our long-term debt is included in Note 5, "Long-term Debt and Other Financing Arrangements" .

DISCONTINUED OPERATIONS AND A31

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations	The carrying amounts of the major classes of assets and liabilities of our discontinued operations that are classified as held for sale in the condensed consolidated balance sheets at June 30, 2018 and December 31, 2017 were: June 30, 2018 December 31, 2017 Assets held for sale Cash and cash equivalents $ 8,222 $ 8,784 Accounts receivable, net 40,055 43,540 Program rights, net 60,872 62,017 Property, plant and equipment, net 21,279 22,870 Other assets 12,195 10,945 Total assets held for sale $ 142,623 $ 148,156 Liabilities held for sale Accounts payable and accrued liabilities $ 26,935 $ 30,073 Other liabilities 4,648 2,058 Total liabilities held for sale $ 31,583 $ 32,131 Income / (loss) from discontinued operations, net of tax , comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Net revenues $ 41,568 $ 34,961 $ 73,382 $ 58,231 Cost of revenues 27,221 22,368 48,501 42,226 Selling, general and administrative expenses 5,709 4,923 10,761 9,091 Operating income 8,638 7,670 14,120 6,914 Interest expense (1) (3,027 ) (4,545 ) (7,234 ) (9,307 ) Other non-operating (expense) / income, net (56 ) 233 280 326 Income / (loss) from discontinued operations, before tax 5,555 3,358 7,166 (2,067 ) Provision for income taxes (855 ) (825 ) (1,478 ) (692 ) Income / (loss) from discontinued operations, net of tax $ 4,700 $ 2,533 $ 5,688 $ (2,759 ) (1) For the six months ended June 30, 2018 and 2017 , we paid US$ 7.2 million and US$ 8.6 million , respectively, of interest and Guarantee Fees associated with the 2019 Euro Loan and the 2021 Euro Loan (each as defined in Note 5, "Long-term Debt and Other Financing Arrangements" ). These payments were allocated to Net cash provided by / (used in) discontinued operations - operating activities in our condensed consolidated statements of cash flows as we are required to apply the expected proceeds from the Divestment Transaction towards the repayment of

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill by reporting unit as at June 30, 2018 and December 31, 2017 was as follows: Bulgaria Czech Republic Romania Slovak Republic Total Gross Balance, December 31, 2017 $ 175,071 $ 837,732 $ 90,305 $ 52,463 $ 1,155,571 Accumulated impairment losses (144,639 ) (287,545 ) (11,028 ) — (443,212 ) Balance, December 31, 2017 30,432 550,187 79,277 52,463 712,359 Foreign currency (849 ) (25,293 ) (2,190 ) (1,472 ) (29,804 ) Balance, June 30, 2018 29,583 524,894 77,087 50,991 682,555 Accumulated impairment losses (144,639 ) (287,545 ) (11,028 ) — (443,212 ) Gross Balance, June 30, 2018 $ 174,222 $ 812,439 $ 88,115 $ 50,991 $ 1,125,767
Schedule of Finite-Lived and Indefinite-Lived Intengible Assets	Changes in the net book value of our other intangible assets as at June 30, 2018 and December 31, 2017 are summarized as follows: June 30, 2018 December 31, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Indefinite-lived: Trademarks $ 85,066 $ — $ 85,066 $ 87,900 $ — $ 87,900 Amortized: Broadcast licenses 210,563 (158,806 ) 51,757 220,194 (161,820 ) 58,374 Trademarks 409 (409 ) — 421 (421 ) — Customer relationships 56,888 (55,595 ) 1,293 58,771 (56,996 ) 1,775 Other 1,698 (1,542 ) 156 1,753 (1,567 ) 186 Total $ 354,624 $ (216,352 ) $ 138,272 $ 369,039 $ (220,804 ) $ 148,235

LONG-TERM DEBT AND OTHER FINA33

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Guarantor Obligations [Line Items]
Schedule of Debt	Summary June 30, 2018 December 31, 2017 Long-term debt $ 862,287 $ 1,079,187 Other credit facilities and capital leases 10,385 9,487 Total long-term debt and other financing arrangements 872,672 1,088,674 Less: current maturities (51,015 ) (2,960 ) Total non-current long-term debt and other financing arrangements $ 821,657 $ 1,085,714
Schedule of Long-term Debt Instruments	Total long-term debt and credit facilities comprised the following at June 30, 2018 : Principal Amount of Liability Component Debt Issuance Costs (1) Net Carrying Amount 2019 Euro Loan $ 47,565 $ (55 ) $ 47,510 2021 Euro Loan 274,354 (721 ) 273,633 2023 Euro Loan 546,527 (5,383 ) 541,144 2023 Revolving Credit Facility — — — Total long-term debt and credit facilities $ 868,446 $ (6,159 ) $ 862,287 (1) Debt issuance costs related to the 2019 Euro Loan, 2021 Euro Loan and 2023 Euro Loan are being amortized on a straight-line basis, which approximates the effective interest method, over the life of the respective instruments. Debt issuance costs related to the 2023 Revolving Credit Facility are classified as non-current assets in our condensed consolidated balance sheet and are being amortized on a straight-line basis over the life of the 2023 Revolving Credit Facility.
Schedule of Senior Debt	Our long-term debt comprised the following at June 30, 2018 and December 31, 2017 : Carrying Amount Fair Value June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 2019 Euro Loan $ 47,510 $ 240,545 $ 47,103 $ 236,337 2021 Euro Loan 273,633 281,871 256,999 268,858 2023 Euro Loan 541,144 556,771 487,110 510,882 $ 862,287 $ 1,079,187 $ 791,212 $ 1,016,077
Schedule of Guarantor Obligations	We pay Guarantee Fees to Warner Media based on the amounts outstanding on the Euro Loans calculated on a per annum basis and on our consolidated net leverage (as defined in the Reimbursement Agreement) as shown in the tables below: All-in Rate Consolidated Net Leverage 2019 Euro Loan 2021 Euro Loan 2023 Euro Loan ≥ 7.0x 6.00 % 6.00 % 6.50 % < 7.0x - 6.0x 5.00 % 5.00 % 5.50 % < 6.0x - 5.0x 4.25 % 4.25 % 4.75 % < 5.0x - 4.0x 3.75 % 3.75 % 4.25 % < 4.0x - 3.0x 3.25 % 3.25 % 3.75 % < 3.0x 3.25 % 3.25 % 3.50 % The all-in rate remains subject to a further reduction of up to 50 basis points if CME’s total debt is reduced below EUR 815.0 million on or prior to September 30, 2018, subject to certain adjustments in respect of specified debt repayments, such that the all-in rate cannot be less than 3.0% . Pursuant to the Financing Transactions, the Guarantee Fees must be paid in cash.
Schedule of Interest Rate Summary	Interest Rate Summary Base Rate Rate Fixed Pursuant to Interest Rate Hedges Guarantee Fee Rate All-in Borrowing Rate 2019 Euro Loan 1.28 % 0.14 % 2.33 % 3.75 % 2021 Euro Loan 1.28 % 0.31 % (1) 2.16 % 3.75 % 2023 Euro Loan 1.28 % 0.28 % (2) 2.69 % 4.25 % 2023 Revolving Credit Facility (3) 6.34 % (4) — % — % 6.34 % (1) Effective until November 1, 2019. From November 1, 2019 through maturity on November 1, 2021, the rate fixed pursuant to interest rate hedges will increase to 0.47% , with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 3.75% if our net leverage ratio remains unchanged. (2) Effective until February 19, 2021. From February 19, 2021 through maturity on April 26, 2023, the rate fixed pursuant to interest rate hedges will increase to 0.97% , with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 4.25% if our net leverage ratio remains unchanged. (3) As at June 30, 2018 , the 2023 Revolving Credit Facility was undrawn. (4) Based on the three month LIBOR of 2.34% as at June 30, 2018 .
Credit Facilities And Capital Lease Obligations	Other credit facilities and capital lease obligations comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Credit facilities (1) – (3) $ — $ — Capital leases 10,385 9,487 Total credit facilities and capital leases 10,385 9,487 Less: current maturities (3,505 ) (2,960 ) Total non-current credit facilities and capital leases $ 6,880 $ 6,527 (1) We have a cash pooling arrangement with Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), which enables us to receive credit throughout the group in respect of cash balances which our subsidiaries deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited. As at June 30, 2018 , we had deposits of US$ 17.5 million in and no drawings on the BMG cash pool. Interest is earned on deposits at the relevant money market rate. As at December 31, 2017 , we had deposits of US$ 12.4 million in and no drawings on the BMG cash pool. (2) Under a factoring framework agreement with Factoring Česka spořitelna a.s., up to CZK 575.0 million (approximately US$ 25.8 million ) of receivables from certain customers in the Czech Republic may be factored on a recourse or non-recourse basis. The facility has a factoring fee of 0.19% of any factored receivable and bears interest at one-month PRIBOR plus 0.95% per annum for the period that receivables are factored and outstanding. (3) Under a factoring framework agreement with Global Funds IFN S.A., receivables from certain customers in Romania may be factored on a non-recourse basis. The facility has a factoring fee of 4.0% of any factored receivable and bears interest at 6.0% per annum from the date the receivables are factored to the due date of the factored receivable.
Maturity Of Senior Debt And Credit Facility	At June 30, 2018 , the maturity of our long-term debt and credit facilities was as follows: 2018 $ — 2019 47,565 2020 — 2021 274,354 2022 — 2023 and thereafter 546,527 Total long-term debt and credit facilities 868,446 Debt issuance costs (6,159 ) Carrying amount of long-term debt and credit facilities $ 862,287
Schedule of Future Minimum Lease Payments for Capital Leases	The future minimum lease payments, by year and in the aggregate, under capital leases with initial or remaining non-cancellable lease terms in excess of one year, consisted of the following at June 30, 2018 : 2018 $ 1,912 2019 3,466 2020 3,152 2021 1,969 2022 259 2023 and thereafter — Total undiscounted payments 10,758 Less: amount representing interest (373 ) Present value of net minimum lease payments $ 10,385
2023 Revolving Credit Facility [Member]
Guarantor Obligations [Line Items]
Schedule of Guarantor Obligations	Pursuant to the Financing Transactions, the following spreads are applicable: Consolidated Net Leverage Alternate Base Rate Loans Eurodollar Loans ≥ 7.0x 5.25 % 6.25 % < 7.0x - 6.0x 4.25 % 5.25 % < 6.0x - 5.0x 3.50 % 4.50 % < 5.0x - 4.0x 3.00 % 4.00 % < 4.0x - 3.0x 2.50 % 3.50 % < 3.0x 2.25 % 3.25 %

PROGRAM RIGHTS (Tables)

PROGRAM RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2018
PROGRAM RIGHTS [Abstract]
Schedule of Program Rights	Program rights comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Program rights: Acquired program rights, net of amortization $ 148,748 $ 161,929 Less: current portion of acquired program rights (71,437 ) (69,706 ) Total non-current acquired program rights 77,311 92,223 Produced program rights – Feature Films: Released, net of amortization 772 939 Produced program rights – Television Programs: Released, net of amortization 52,312 49,888 Completed and not released 5,524 9,987 In production 18,620 28,971 Development and pre-production 303 162 Total produced program rights 77,531 89,947 Total non-current acquired program rights and produced program rights $ 154,842 $ 182,170

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	6 Months Ended
	Jun. 30, 2018
Accounts Receivable, Net [Abstract]
Schedule of Accounts Receivable	Accounts receivable comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Third-party customers $ 155,865 $ 168,805 Less: allowance for bad debts and credit notes (9,491 ) (9,902 ) Total accounts receivable $ 146,374 $ 158,903

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
Other Assets [Abstract]
Schedule of Other Assets	Other current and non-current assets comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Current: Prepaid acquired programming $ 24,360 $ 22,579 Other prepaid expenses 7,452 7,616 VAT recoverable 485 650 Income taxes recoverable 985 109 Other 1,740 2,152 Total other current assets $ 35,022 $ 33,106 June 30, 2018 December 31, 2017 Non-current: Capitalized debt costs $ 10,946 $ 12,947 Deferred tax 2,755 2,964 Other 238 958 Total other non-current assets $ 13,939 $ 16,869

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Land and buildings $ 83,712 $ 86,480 Machinery, fixtures and equipment 195,089 195,682 Other equipment 15,741 16,121 Software 53,033 53,143 Construction in progress 1,508 3,026 Total cost 349,083 354,452 Less: accumulated depreciation (252,302 ) (250,804 ) Total net book value $ 96,781 $ 103,648 Assets held under capital leases (included in the above) Machinery, fixtures and equipment $ 17,445 $ 14,193 Total cost 17,445 14,193 Less: accumulated depreciation (6,578 ) (5,151 ) Total net book value $ 10,867 $ 9,042
Property Plant And Equipment Rollforward	The movement in the net book value of property, plant and equipment during the six months ended June 30, 2018 and 2017 was comprised of: For the Six Months Ended June 30, 2018 2017 Opening balance $ 103,648 $ 89,080 Additions (1) 11,646 10,409 Disposals (23 ) (84 ) Depreciation (14,914 ) (12,409 ) Foreign currency movements (3,576 ) 8,663 Ending balance $ 96,781 $ 95,659

ACCOUNTS PAYABLE AND ACCRUED 38

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Accounts payable and accrued expenses $ 50,894 $ 53,408 Related party accounts payable 143 252 Programming liabilities 16,573 16,923 Related party programming liabilities 12,264 20,027 Duties and other taxes payable 6,560 8,769 Accrued staff costs 13,428 18,430 Accrued interest payable 2,945 3,326 Related party accrued interest payable (including Guarantee Fees) 2,641 6,273 Income taxes payable 7,843 14,018 Other accrued liabilities 1,509 2,467 Total accounts payable and accrued liabilities $ 114,800 $ 143,893

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Other Liabilities [Abstract]
Schedule of Other Liabilities	Other current and non-current liabilities comprised the following at June 30, 2018 and December 31, 2017 : June 30, 2018 December 31, 2017 Current: Deferred revenue $ 23,219 $ 5,675 Legal provisions 2,016 2,907 Other 618 698 Total other current liabilities $ 25,853 $ 9,280 June 30, 2018 December 31, 2017 Non-current: Deferred tax $ 19,222 $ 20,569 Related party commitment fee payable (1) 11,218 10,765 Related party Guarantee Fee payable (Note 5) 62,817 58,855 Other 10,840 5,065 Total other non-current liabilities $ 104,097 $ 95,254 (1) Represents the commitment fee ("Commitment Fee") payable to Warner Media, including accrued interest, in respect of its obligation under a commitment letter dated November 14, 2014 between Warner Media and us whereby Warner Media agreed to provide or assist with arranging a loan facility to repay our 5.0% senior convertible notes at maturity in November 2015. The Commitment Fee is payable by November 1, 2021 or earlier if the repayment of the 2021 Euro Loan is accelerated. The Commitment Fee bears interest at 8.5% per annum and such interest is payable in arrears on each May 1 and November 1, and may be paid in cash or in kind, at our election.

FINANCIAL INSTRUMENTS AND FAI40

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Information relating to interest rates swaps is as follows: Trade Date Number of Contracts Aggregate Notional Amount Designated Portion Maturity Date Objective Fair Value as at June 30, 2018 April 26, 2018 4 EUR 468,800 EUR 468,800 April 26, 2023 Interest rate hedge underlying 2023 Euro Loan, forward starting on February 19, 2021 $ (2,821 ) April 5, 2016 5 EUR 468,800 EUR 468,800 February 19, 2021 Interest rate hedge underlying 2023 Euro Loan $ (2,609 ) April 26, 2018 3 EUR 235,335 EUR 78,367 November 1, 2021 Interest rate hedge underlying 2021 Euro Loan, forward starting on November 1, 2019 $ (932 ) November 10, 2015 3 EUR 235,335 EUR 78,367 November 1, 2019 Interest rate hedge underlying 2021 Euro Loan $ (1,137 ) April 5, 2016 4 EUR 40,800 EUR — November 1, 2018 Interest rate hedge underlying 2019 Euro Loan $ (24 )
Schedule of Foreign Exchange Contracts, Statement of Financial Position	Foreign Currency Risk From time to time, we have entered into forward foreign exchange contracts to reduce our exposure to movements in foreign exchange rates related to contractual payments under certain dollar-denominated agreements. As at June 30, 2018 , we had no such forward foreign exchange contracts outstanding.
Schedule of Changes in Fair Value of Derivatives	The change in fair value of derivatives not recognized within accumulated other comprehensive income / loss comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Loss on currency swaps $ — $ (1,100 ) $ — $ (732 ) Loss on interest rate swaps (1,101 ) — (1,329 ) — Change in fair value of derivatives $ (1,101 ) $ (1,100 ) $ (1,329 ) $ (732 )

EQUITY AOCI (Tables)

EQUITY AOCI (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss The movement in accumulated other comprehensive loss during the six months ended June 30, 2018 comprised the following: Currency translation adjustment, net Unrealized (loss) / gain on derivative instruments designated as hedging instruments TOTAL Accumulated Other Comprehensive Loss BALANCE December 31, 2017 $ (184,256 ) $ (3,182 ) $ (187,438 ) Other comprehensive (loss) / income before reclassifications: Foreign exchange loss on intercompany loans (1) (3,524 ) — (3,524 ) Foreign exchange loss on the Series B Preferred Shares (7,677 ) — (7,677 ) Currency translation adjustment (11,867 ) — (11,867 ) Change in the fair value of hedging instruments — (5,595 ) (5,595 ) Amounts reclassified from accumulated other comprehensive loss: Changes in fair value reclassified to interest expense — 1,231 1,231 Changes in fair value reclassified to other non-operating income, net (2) — 1,436 1,436 Net other comprehensive income (23,068 ) (2,928 ) (25,996 ) BALANCE June 30, 2018 $ (207,324 ) $ (6,110 ) $ (213,434 ) (1) Represents foreign exchange losses on intercompany loans that are of a long-term investment nature which are reported in the same manner as translation adjustments. (2) We expect to repay a portion of the 2021 Euro Loan with the expected proceeds from the Divestment Transaction (see Note 5, "Long-term Debt and Other Financing Arrangements" ). This anticipated reduction of principal amounts owing in respect of the 2021 Euro Loan will reduce future interest payments that the interest rate swap maturing on November 1, 2019 is designed to hedge. To maintain the effectiveness of the interest rate swap, we have de-designated a portion of the notional amount to align with the principal balance of the 2021 Euro Loan principal that will remain after the application of Divestment Transaction proceeds. For the portion de-designated, all related fair value adjustments including those previously recognized in accumulated other comprehensive income / loss are recognized in other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss (see Note 12, "Financial Instruments and Fair Value Measurements"

INTEREST EXPENSE (Tables)

INTEREST EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2018
Interest Expense [Abstract]
Schedule of Interest Expense	Interest expense comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Interest on long-term debt and other financing arrangements $ 9,374 $ 16,012 $ 22,829 $ 33,641 Amortization of capitalized debt issuance costs 1,067 1,416 2,624 2,780 Total interest expense $ 10,441 $ 17,428 $ 25,453 $ 36,421

OTHER NONOPERATING EXPENSE, N43

OTHER NONOPERATING EXPENSE, NET (Tables)	6 Months Ended
	Jun. 30, 2018
Other Income and Expenses [Abstract]
Schedule of other non-operating expense, net	Other non-operating income / expense, net comprised the following for the three and six months ended June 30, 2018 and 2017 : For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Interest income $ 204 $ 110 $ 346 $ 187 Foreign currency exchange (loss) / gain, net (6,054 ) 7,864 (1,788 ) 9,476 Change in fair value of derivatives (Note 12) (1,101 ) (1,100 ) (1,329 ) (732 ) Loss on extinguishment of debt (179 ) — (288 ) — Other income, net 194 34 171 209 Total other non-operating (expense) / income, net $ (6,936 ) $ 6,908 $ (2,888 ) $ 9,140

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-Based Compensation Charged	The charge for stock-based compensation in our condensed consolidated statement of operations and comprehensive income / loss was as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Stock-based compensation expense from continuing operations $ 1,088 $ 845 $ 2,162 $ 1,612 Stock-based compensation expense from discontinued operations 40 34 78 63
Schedule of Stock Options Activity	There was no option activity during the six months ended June 30, 2018 . The summary of stock options outstanding as at June 30, 2018 and December 31, 2017 is presented below: Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at December 31, 2017 2,011,392 $ 2.32 7.58 $ 4,677 Outstanding at June 30, 2018 2,011,392 2.32 7.08 3,671 Vested and expected to vest 2,011,392 2.32 7.08 3,671 Exercisable at June 30, 2018 1,405,696 $ 2.31 7.04 $ 2,580
Schedule of Restricted Stock Unit Activity	The following table summarizes information about unvested RSU as at June 30, 2018 and December 31, 2017 : Number of Shares / Units Weighted Average Grant Date Fair Value Unvested at December 31, 2017 2,694,063 $ 3.07 Granted 962,369 4.28 Vested (1,162,732 ) 3.17 Unvested at June 30, 2018 2,493,700 $ 3.49

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The components of basic and diluted earnings per share are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Income from continuing operations $ 21,325 $ 25,265 $ 27,409 $ 19,283 Net loss attributable to noncontrolling interests 16 137 194 346 Less: preferred share accretion paid in kind (Note 13) (2,330 ) (2,405 ) (4,777 ) (4,762 ) Less: income allocated to Series B Preferred Shares (6,084 ) (9,347 ) (8,192 ) (6,037 ) Income from continuing operations available to common shareholders, net of noncontrolling interest 12,927 13,650 14,634 8,830 Income / (loss) from discontinued operations, net of tax (Note 3) 4,700 2,533 5,688 (2,759 ) Less: (income) / loss allocated to Series B Preferred Shares (1,504 ) (1,030 ) (2,041 ) 1,120 Net income attributable to CME Ltd. available to common shareholders — basic 16,123 15,153 18,281 7,191 Effect of dilutive securities Dilutive effect of Series B Preferred Shares 485 2,430 1,524 1,103 Net income attributable to CME Ltd. available to common shareholders — diluted $ 16,608 $ 17,583 $ 19,805 $ 8,294 Weighted average outstanding shares of common stock — basic (1) 235,148 155,738 196,807 155,269 Dilutive effect of common stock warrants, employee stock options and RSUs 23,635 80,214 53,708 75,603 Weighted average outstanding shares of common stock — diluted 258,783 235,952 250,515 230,872 Net income / (loss) per share: Continuing operations — basic $ 0.05 $ 0.09 $ 0.07 $ 0.06 Continuing operations — diluted 0.05 0.07 0.06 0.04 Discontinued operations — basic 0.02 0.01 0.02 (0.01 ) Discontinued operations — diluted 0.01 0.00 0.02 0.00 Net income attributable to CME Ltd. — basic 0.07 0.10 0.09 0.05 Net income attributable to CME Ltd. — diluted 0.06 0.07 0.08 0.04 (1) For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following weighted-average, equity awards and convertible shares were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive for the periods presented: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Employee stock options — — — 411 RSUs 1,013 479 1,013 698 Total 1,013 479 1,013 1,109 These instruments may become dilutive in the future. As set forth in the Certificate of Designation for the Series B Preferred Shares, the holders of our Series B Preferred Shares are not contractually obligated to share in our losses.

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Revenue by Major Customers by Reporting Segments	Net revenues: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Bulgaria $ 23,427 $ 20,774 $ 42,860 $ 36,079 Czech Republic 61,028 53,371 112,562 92,845 Romania 49,594 48,570 95,555 87,514 Slovak Republic 26,770 24,624 49,723 42,964 Intersegment revenues (1) (1,264 ) (444 ) (1,963 ) (775 ) Total net revenues $ 159,555 $ 146,895 $ 298,737 $ 258,627 (1) Reflects revenues earned from the sale of content to other country segments in CME Ltd. All other revenues are third party revenues.
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	OIBDA: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Bulgaria $ 5,622 $ 2,985 $ 8,603 $ 4,243 Czech Republic 28,251 25,377 43,621 36,124 Romania 24,196 22,071 43,089 36,531 Slovak Republic 3,906 7,409 5,009 8,157 Elimination 28 24 40 16 Total operating segments 62,003 57,866 100,362 85,071 Corporate (6,346 ) (6,210 ) (14,038 ) (12,323 ) Total OIBDA 55,657 51,656 86,324 72,748 Depreciation of property, plant and equipment (7,548 ) (6,450 ) (14,914 ) (12,409 ) Amortization of broadcast licenses and other intangibles (2,267 ) (2,053 ) (4,623 ) (4,162 ) Operating income 45,842 43,153 66,787 56,177 Interest expense (Note 15) (10,441 ) (17,428 ) (25,453 ) (36,421 ) Other non-operating (expense) / income, net (Note 16) (6,936 ) 6,908 (2,888 ) 9,140 Income before tax $ 28,465 $ 32,633 $ 38,446 $ 28,896
Reconciliation of Assets from Segment to Consolidated	Total assets: (1) June 30, 2018 December 31, 2017 Bulgaria $ 136,462 $ 155,885 Czech Republic 773,098 842,716 Romania 294,633 307,286 Slovak Republic 150,674 149,866 Total operating segments 1,354,867 1,455,753 Corporate 24,802 24,146 Assets held for sale (Note 3) 142,623 148,156 Total assets $ 1,522,292 $ 1,628,055 (1) Segment assets exclude any intercompany balances.
Segment Reporting Capital Expenditure	Capital expenditures: For the Six Months Ended June 30, 2018 2017 Bulgaria $ 1,349 $ 2,019 Czech Republic 3,539 5,088 Romania 1,528 2,966 Slovak Republic 1,080 900 Total operating segments 7,496 10,973 Corporate 338 1,003 Total capital expenditures $ 7,834 $ 11,976
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country	Long-lived assets: (1) June 30, 2018 December 31, 2017 Bulgaria $ 8,005 $ 7,863 Czech Republic 39,978 46,146 Romania 28,680 28,515 Slovak Republic 17,415 17,450 Total operating segments 94,078 99,974 Corporate 2,703 3,674 Total long-lived assets $ 96,781 $ 103,648 (1) Reflects property, plant and equipment, net
Revenues by Type	Revenues from contracts with customers comprised the following for the three and six months ended June 30, 2018 and 2017 : Consolidated revenue by type: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Television advertising $ 130,939 $ 120,603 $ 242,735 $ 209,656 Carriage fees and subscriptions 22,874 21,165 46,171 40,051 Other 5,742 5,127 9,831 8,920 Total net revenues $ 159,555 $ 146,895 $ 298,737 $ 258,627

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	At June 30, 2018 , we had total commitments of US$ 71.3 million ( December 31, 2017 : US$ 99.1 million ) in respect of future programming, including contracts signed with license periods starting after the balance sheet date. In addition, we have digital transmission obligations, future minimum operating lease payments for non-cancellable operating leases with remaining terms in excess of one year (net of any sublease income) and other commitments as follows: Programming purchase obligations Other commitments (1) Operating leases Capital expenditures 2018 $ 12,714 $ 8,579 $ 1,603 $ 2,857 2019 22,412 2,971 1,096 206 2020 18,189 2,171 710 — 2021 11,092 9,352 617 — 2022 3,452 195 600 — 2023 and thereafter 3,444 113 1,809 — Total $ 71,303 $ 23,381 $ 6,435 $ 3,063

RELATED PARTY TRANSACTIONS (Ta

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Cost of revenues $ 4,615 $ 3,716 $ 9,933 $ 7,192 Interest expense 6,508 12,878 16,981 27,253 June 30, 2018 December 31, 2017 Programming liabilities $ 12,264 $ 20,027 Other accounts payable and accrued liabilities 143 252 Accrued interest payable (1) 2,641 6,273 Other non-current liabilities (2) 74,035 69,620 (1) Amount represents accrued Guarantee Fees for which we have not yet paid in cash or made an election to pay in kind. See Note 5, "Long-term Debt and Other Financing Arrangements" . (2) Amount represents the Commitment Fee, as well as the Guarantee Fees for which we had previously made an election to pay in kind. See Note 5, "Long-term Debt and Other Financing Arrangements" .

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details)	6 Months Ended
	Jun. 30, 2018channelsoperating_segment
Product Information [Line Items]
Number of television channels within segment	26
Percentage owned by Parent	100.00%
Total operating segments
Product Information [Line Items]
Number of operating segments | operating_segment	4
Czech Republic
Product Information [Line Items]
Percentage owned by Parent	100.00%
Czech Republic | General Enterainment Channel [Member]
Product Information [Line Items]
Number of television channels within segment	1
Czech Republic | Other Channel Member [Member]
Product Information [Line Items]
Number of television channels within segment	7
Bulgaria
Product Information [Line Items]
Percentage owned by Parent	94.00%
Bulgaria | General Enterainment Channel [Member]
Product Information [Line Items]
Number of television channels within segment	1
Bulgaria | Other Channel Member [Member]
Product Information [Line Items]
Number of television channels within segment	5
Romania
Product Information [Line Items]
Percentage owned by Parent	100.00%
Romania | General Enterainment Channel [Member]
Product Information [Line Items]
Number of television channels within segment	1
Romania | Other Channel Member [Member]
Product Information [Line Items]
Number of television channels within segment	7
Slovak Republic
Product Information [Line Items]
Percentage owned by Parent	100.00%
Slovak Republic | General Enterainment Channel [Member]
Product Information [Line Items]
Number of television channels within segment	1
Slovak Republic | Other Channel Member [Member]
Product Information [Line Items]
Number of television channels within segment	3

DISCONTINUED OPERATIONS AND A50

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Details) $ in Thousands, € in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018EUR (€)	Dec. 31, 2017USD ($)	Jul. 09, 2017USD ($)	Jul. 09, 2017EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest Paid, Excluding Capitalized Interest, Operating Activities				$ 21,500	$ 19,600
Disposal Group, Including Discontinued Operation, Consideration								$ 268,100	€ 230
Cash and cash equivalents		$ 8,222		8,222			$ 8,784
Accounts receivable, net		40,055		40,055			43,540
Program rights, net		60,872		60,872			62,017
Property, plant and equipment, net		21,279		21,279			22,870
Other assets		12,195		12,195			10,945
Total assets held for sale		142,623		142,623			148,156
Accounts payable and accrued liabilities		26,935		26,935			30,073
Other liabilities		4,648		4,648			2,058
Total liabilities held for sale		31,583		31,583			$ 32,131
Net revenues		41,568	$ 34,961	73,382	58,231
Cost of revenues		27,221	22,368	48,501	42,226
Selling, general and administrative expenses		5,709	4,923	10,761	9,091
Operating income		8,638	7,670	14,120	6,914
Interest expense (1)	[1]	(3,027)	(4,545)	(7,234)	(9,307)
Disposal Group, Including Discontinued Operation, Other Expense		(56)
Other non-operating (expense) / income, net			233	280	326
Income / (loss) from discontinued operations, before tax		5,555	3,358	7,166	(2,067)
Provision for income taxes		(855)	(825)	(1,478)	(692)
Income / (loss) from discontinued operations, net of tax		4,700	$ 2,533	5,688	(2,759)
Termination Fee								$ 8,200	€ 7
CROATIA
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration		99,100		99,100		€ 85
SLOVENIA
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration		169,000		169,000		145
Termination Fee		$ 5,100		5,100		€ 4.4
Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest Paid, Excluding Capitalized Interest, Operating Activities				$ 7,200	$ 8,600
[1]	(1) For the six months ended June 30, 2018 and 2017, we paid US$ 7.2 million and US$ 8.6 million, respectively, of interest and Guarantee Fees associated with the 2019 Euro Loan and the 2021 Euro Loan (each as defined in Note 5, "Long-term Debt and Other Financing Arrangements"). These payments were allocated to Net cash provided by / (used in) discontinued operations - operating activities in our condensed consolidated statements of cash flows as we are required to apply the expected proceeds from the Divestment Transaction towards the repayment of

GOODWILL AND INTANGIBLE ASSET51

GOODWILL AND INTANGIBLE ASSETS Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Goodwill [Roll Forward]
Gross Balance, December 31, 2017	$ 1,155,571
Accumulated impairment losses, beginning balance	(443,212)
Balance, December 31, 2017	712,359
Foreign currency	(29,804)
Balance, June 30, 2018	682,555
Accumulated impairment losses, ending balance	(443,212)
Gross Balance, June 30, 2018	1,125,767
Bulgaria
Goodwill [Roll Forward]
Gross Balance, December 31, 2017	175,071
Accumulated impairment losses, beginning balance	(144,639)
Balance, December 31, 2017	30,432
Foreign currency	(849)
Balance, June 30, 2018	29,583
Accumulated impairment losses, ending balance	(144,639)
Gross Balance, June 30, 2018	174,222
Czech Republic
Goodwill [Roll Forward]
Gross Balance, December 31, 2017	837,732
Accumulated impairment losses, beginning balance	(287,545)
Balance, December 31, 2017	550,187
Foreign currency	(25,293)
Balance, June 30, 2018	524,894
Accumulated impairment losses, ending balance	(287,545)
Gross Balance, June 30, 2018	812,439
Romania
Goodwill [Roll Forward]
Gross Balance, December 31, 2017	90,305
Accumulated impairment losses, beginning balance	(11,028)
Balance, December 31, 2017	79,277
Foreign currency	(2,190)
Balance, June 30, 2018	77,087
Accumulated impairment losses, ending balance	(11,028)
Gross Balance, June 30, 2018	88,115
Slovak Republic
Goodwill [Roll Forward]
Gross Balance, December 31, 2017	52,463
Accumulated impairment losses, beginning balance	0
Balance, December 31, 2017	52,463
Foreign currency	(1,472)
Balance, June 30, 2018	50,991
Accumulated impairment losses, ending balance	0
Gross Balance, June 30, 2018	$ 50,991

GOODWILL AND INTANGIBLE ASSET52

GOODWILL AND INTANGIBLE ASSETS Other Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Gross	$ 354,624	$ 369,039
Accumulated Amortization	(216,352)	(220,804)
Net	138,272	148,235
Trademarks
Indefinite-lived intangible assets (excluding goodwill)	85,066	87,900
Gross	409	421
Accumulated Amortization	(409)	(421)
Net	0	0
Broadcast licenses
Gross	210,563	220,194
Accumulated Amortization	(158,806)	(161,820)
Net	51,757	58,374
Customer relationships
Gross	56,888	58,771
Accumulated Amortization	(55,595)	(56,996)
Net	$ 1,293	1,775
Customer relationships | Minimum [Member]
Useful life of finite-lived intangible assets (in years)	5 years
Customer relationships | Maximum [Member]
Useful life of finite-lived intangible assets (in years)	15 years
Other
Gross	$ 1,698	1,753
Accumulated Amortization	(1,542)	(1,567)
Net	$ 156	$ 186

LONG-TERM DEBT AND OTHER FINA53

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Debt (Details) $ in Thousands, € in Millions		Jun. 30, 2018USD ($)	Jun. 30, 2018EUR (€)	Dec. 31, 2017USD ($)	Apr. 07, 2016EUR (€)
Debt Instrument [Line Items]
Debt Issuance Costs, Noncurrent, Net		$ (10,946)		$ (12,947)
Overview [Abstract]
Carrying Amount		862,287		1,079,187
Long-term Debt, Current and Noncurrent [Abstract]
Carrying Amount		862,287		1,079,187
Other credit facilities and capital leases		10,385		9,487
Total long-term debt and other financing arrangements		872,672		1,088,674
Current portion of long-term debt and other financing arrangements (Note 5)		(51,015)		(2,960)
Total non-current long-term debt and other financing arrangements		821,657		1,085,714
Long-term Debt, Fiscal Year Maturity [Abstract]
2,018		0
2,019		47,565
2,020		0
2,021		274,354
2,022		0
2023 and thereafter		546,527
Total long-term debt and credit facilities		868,446
Debt issuance costs		(6,159)
Carrying amount of long-term debt and credit facilities		862,287
Long-term Debt, Fair Value		791,212		1,016,077
2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Noncurrent, Net		(55)
Overview [Abstract]
Principal Amount of Liability Component		47,565	€ 40.8
Carrying Amount		47,510		240,545
Long-term Debt, Current and Noncurrent [Abstract]
Carrying Amount		47,510		240,545
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term Debt, Fair Value		47,103		236,337
2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Noncurrent, Net		(721)
Overview [Abstract]
Principal Amount of Liability Component		274,354	€ 235.3
Carrying Amount		273,633		281,871
Long-term Debt, Current and Noncurrent [Abstract]
Carrying Amount		273,633		281,871
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term Debt, Fair Value		256,999		268,858
2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Noncurrent, Net		(5,383)
Overview [Abstract]
Principal Amount of Liability Component		546,527			€ 468.8
Carrying Amount		541,144		556,771
Long-term Debt, Current and Noncurrent [Abstract]
Carrying Amount		541,144		556,771
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term Debt, Fair Value		487,110		$ 510,882
2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Noncurrent, Net		0
Line of Credit Facility, Maximum Borrowing Capacity		75,000
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term Line of Credit, Noncurrent		0
Senior Debt and Credit Facilities [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Noncurrent, Net	[1]	(6,159)
Overview [Abstract]
Principal Amount of Liability Component		868,446
Carrying Amount		862,287
Long-term Debt, Current and Noncurrent [Abstract]
Carrying Amount		$ 862,287
CME NV and CME BV [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Outstanding Shares Pledged, Percentage		100.00%	100.00%
CME NV and CME BV [Member] | 2023 Revolving Credit Facility [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Outstanding Shares Pledged, Percentage				100.00%
[1]	(1) Debt issuance costs related to the 2019 Euro Loan, 2021 Euro Loan and 2023 Euro Loan are being amortized on a straight-line basis, which approximates the effective interest method, over the life of the respective instruments. Debt issuance costs related to the 2023 Revolving Credit Facility are classified as non-current assets in our condensed consolidated balance sheet and are being amortized on a straight-line basis over the life of the 2023 Revolving Credit Facility.

LONG-TERM DEBT AND OTHER FINA54

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Financing Transactions (Details) $ / shares in Units, $ in Thousands, € in Millions		Apr. 25, 2018$ / sharesshares	Jun. 30, 2018USD ($)	Jun. 30, 2018EUR (€)	Mar. 31, 2018USD ($)	Mar. 31, 2018EUR (€)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2018EUR (€)	Apr. 07, 2016EUR (€)
Debt Instrument [Line Items]
Payments for Fees							$ 21,500	$ 19,600
Repayments of Debt and Capital Lease Obligations							1,888	1,072
Interest Payable, Current			$ 2,945				2,945		$ 3,326
Debt and Capital Lease Obligations			872,672				872,672		$ 1,088,674
Repayments of Long-term Debt			$ 132,000	€ 110	$ 61,600	€ 50	$ 193,557	0
Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							4.4		5.4
2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, All-In Rate			3.75%				3.75%			3.75%
Principal Amount of Liability Component			$ 47,565				$ 47,565			€ 40.8
Debt Instrument, Interest Rate, Stated Percentage			1.28%				1.28%			1.28%
2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, All-In Rate	[1]		6.34%				6.34%			6.34%
Long-term Line of Credit, Noncurrent			$ 0				$ 0
Line of Credit Facility, Maximum Borrowing Capacity			$ 75,000				$ 75,000
Debt Instrument, Interest Rate, Stated Percentage	[1]		6.34%				6.34%			6.34%
Guarantee Fee [Member]
Debt Instrument [Line Items]
Payments for Fees							$ 0	$ 1,411
2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, All-In Rate	[2]		4.25%				4.25%			4.25%
Principal Amount of Liability Component			$ 546,527				$ 546,527				€ 468.8
Debt Instrument, Interest Rate, Stated Percentage			1.28%				1.28%			1.28%
Net leverage greater than 7.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							7
Net leverage greater than 7.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							7
Net Leverage 7.0x - 6.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							7
Net Leverage 7.0x - 6.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							7
Net Leverage 7.0x - 6.0x [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							6
Net Leverage 7.0x - 6.0x [Member] | Minimum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							6
Net Leverage 6.0x - 5.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							6
Net Leverage 6.0x - 5.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							6
Net Leverage 6.0x - 5.0x [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							5
Net Leverage 6.0x - 5.0x [Member] | Minimum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage							5
2018 Warrants [Member] | Common Class A [Member]
Debt Instrument [Line Items]
Conversion of Stock, Shares Converted | shares		100,926,996
Exercise price of warrants (USD per share) | $ / shares		$ 1
[1]	Based on the three month LIBOR of 2.34% as at June 30, 2018.
[2]	Effective until February 19, 2021. From February 19, 2021 through maturity on April 26, 2023, the rate fixed pursuant to interest rate hedges will increase to 0.97%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 4.25% if our net leverage ratio remains unchanged.

LONG-TERM DEBT AND OTHER FINA55

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Senior Debt (Details) $ in Thousands, € in Millions		Sep. 30, 2018EUR (€)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Feb. 21, 2021	Nov. 01, 2019	Jun. 30, 2018EUR (€)	Apr. 07, 2016EUR (€)
Debt Instrument [Line Items]
Debt and Capital Lease Obligations			$ 872,672		$ 872,672		$ 1,088,674
2,018			$ 0		0
Interest Paid, Excluding Capitalized Interest, Operating Activities					21,500	$ 19,600
Debt Instrument, Description of Variable Rate Basis			0.0234
Carrying Amount			$ 862,287		$ 862,287		1,079,187
Noncontrolling Interest, Ownership Percentage by Parent			100.00%		100.00%					100.00%
Long-term Debt, Fair Value			$ 791,212		$ 791,212		1,016,077
Long-term Line of Credit	[1],[2],[3]		0		0		0
Unamortized Debt Issuance Expense			6,159		6,159
Interest on long-term debt and other financing arrangements			9,374	$ 16,012	22,829	33,641
Debt Issuance Costs, Noncurrent, Net			$ (10,946)		$ (10,946)		(12,947)
2019 Euro Loan [Member]
Debt Instrument [Line Items]
Derivative, Average Fixed Interest Rate			0.14%		0.14%					0.14%
Debt Instrument, Interest Rate, Stated Percentage			1.28%		1.28%					1.28%
Debt Instrument, Interest Rate, All-In Rate			3.75%		3.75%					3.75%
Carrying Amount			$ 47,510		$ 47,510		240,545
Debt instrument, face amount			47,565		47,565					€ 40.8
Long-term Debt, Fair Value			47,103		47,103		236,337
Debt Issuance Costs, Noncurrent, Net			$ (55)		$ (55)
Debt Instrument, Guarantee Fee, Stated Percentage			2.33%		2.33%					2.33%
2021 Euro Loan [Member]
Debt Instrument [Line Items]
Derivative, Average Fixed Interest Rate	[4]		0.31%		0.31%					0.31%
Debt Instrument, Interest Rate, Stated Percentage			1.28%		1.28%					1.28%
Debt Instrument, Interest Rate, All-In Rate	[4]		3.75%		3.75%					3.75%
Carrying Amount			$ 273,633		$ 273,633		281,871
Debt instrument, face amount			274,354		274,354					€ 235.3
Long-term Debt, Fair Value			256,999		256,999		268,858
Debt Issuance Costs, Noncurrent, Net			$ (721)		$ (721)
Debt Instrument, Guarantee Fee, Stated Percentage	[4]		2.16%		2.16%					2.16%
2023 Euro Loan [Member]
Debt Instrument [Line Items]
Derivative, Average Fixed Interest Rate	[5]		0.28%		0.28%					0.28%
Debt Instrument, Interest Rate, Stated Percentage			1.28%		1.28%					1.28%
Debt Instrument, Interest Rate, All-In Rate	[5]		4.25%		4.25%					4.25%
Carrying Amount			$ 541,144		$ 541,144		556,771
Debt instrument, face amount			546,527		546,527						€ 468.8
Long-term Debt, Fair Value			487,110		487,110		$ 510,882
Debt Issuance Costs, Noncurrent, Net			$ (5,383)		$ (5,383)
Debt Instrument, Guarantee Fee, Stated Percentage	[5]		2.69%		2.69%					2.69%
2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 75,000		$ 75,000
Debt Instrument, Interest Rate, Stated Percentage	[6]		6.34%		6.34%					6.34%
Debt Instrument, Interest Rate, All-In Rate	[6]		6.34%		6.34%					6.34%
Long-term Line of Credit, Noncurrent			$ 0		$ 0
Debt Issuance Costs, Noncurrent, Net			0		$ 0
Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					4.4		5.4
Guarantee Fee [Member]
Debt Instrument [Line Items]
Interest Paid, Excluding Capitalized Interest, Operating Activities					$ 0	1,411
Interest on long-term debt and other financing arrangements			5,300	$ 11,500	14,000	$ 24,500
Senior Debt and Credit Facilities [Member]
Debt Instrument [Line Items]
Carrying Amount			862,287		862,287
Debt instrument, face amount			868,446		868,446
Debt Issuance Costs, Noncurrent, Net	[7]		$ (6,159)		$ (6,159)
CME NV and CME BV [Member]
Debt Instrument [Line Items]
Outstanding Shares Pledged, Percentage			100.00%		100.00%					100.00%
CME NV and CME BV [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding Shares Pledged, Percentage							100.00%
Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)					1.07%
Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)					1.90%
Global Funds IFN S.A. [Member]
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)					6.00%
Net leverage greater than 7.0x [Member] | 2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			6.00%		6.00%					6.00%
Net leverage greater than 7.0x [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			6.00%		6.00%					6.00%
Net leverage greater than 7.0x [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			6.50%		6.50%					6.50%
Net leverage greater than 7.0x [Member] | Alternative Base Rate [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			5.25%		5.25%					5.25%
Net leverage greater than 7.0x [Member] | Eurodollar [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			6.25%		6.25%					6.25%
Net leverage greater than 7.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					7
Net leverage greater than 7.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					7
Net Leverage 6.0x - 5.0x [Member] | 2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			4.25%		4.25%					4.25%
Net Leverage 6.0x - 5.0x [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			4.25%		4.25%					4.25%
Net Leverage 6.0x - 5.0x [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			4.75%		4.75%					4.75%
Net Leverage 6.0x - 5.0x [Member] | Alternative Base Rate [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			3.50%		3.50%					3.50%
Net Leverage 6.0x - 5.0x [Member] | Eurodollar [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			4.50%		4.50%					4.50%
Net Leverage 6.0x - 5.0x [Member] | Minimum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					5
Net Leverage 6.0x - 5.0x [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					5
Net Leverage 6.0x - 5.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					6
Net Leverage 6.0x - 5.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					6
Net Leverage 7.0x - 6.0x [Member] | 2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			5.00%		5.00%					5.00%
Net Leverage 7.0x - 6.0x [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			5.00%		5.00%					5.00%
Net Leverage 7.0x - 6.0x [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			5.50%		5.50%					5.50%
Net Leverage 7.0x - 6.0x [Member] | Alternative Base Rate [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			4.25%		4.25%					4.25%
Net Leverage 7.0x - 6.0x [Member] | Eurodollar [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			5.25%		5.25%					5.25%
Net Leverage 7.0x - 6.0x [Member] | Minimum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					6
Net Leverage 7.0x - 6.0x [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					6
Net Leverage 7.0x - 6.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					7
Net Leverage 7.0x - 6.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					7
Net Leverage 5.0x - 4.0x [Member] | 2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.75%		3.75%					3.75%
Net Leverage 5.0x - 4.0x [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.75%		3.75%					3.75%
Net Leverage 5.0x - 4.0x [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			4.25%		4.25%					4.25%
Net Leverage 5.0x - 4.0x [Member] | Alternative Base Rate [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			3.00%		3.00%					3.00%
Net Leverage 5.0x - 4.0x [Member] | Eurodollar [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			4.00%		4.00%					4.00%
Net Leverage 5.0x - 4.0x [Member] | Minimum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					4
Net Leverage 5.0x - 4.0x [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					4
Net Leverage 5.0x - 4.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					5
Net Leverage 5.0x - 4.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					5
Net Leverage 4.0x - 3.0x [Member] | 2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.25%		3.25%					3.25%
Net Leverage 4.0x - 3.0x [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.25%		3.25%					3.25%
Net Leverage 4.0x - 3.0x [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.75%		3.75%					3.75%
Net Leverage 4.0x - 3.0x [Member] | Alternative Base Rate [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			2.50%		2.50%					2.50%
Net Leverage 4.0x - 3.0x [Member] | Eurodollar [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			3.50%		3.50%					3.50%
Net Leverage 4.0x - 3.0x [Member] | Minimum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					3
Net Leverage 4.0x - 3.0x [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					3
Net Leverage 4.0x - 3.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					4
Net Leverage 4.0x - 3.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					4
Net Leverage Less Than 3.0x [Member] | 2019 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.25%		3.25%					3.25%
Net Leverage Less Than 3.0x [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.25%		3.25%					3.25%
Net Leverage Less Than 3.0x [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage			3.50%		3.50%					3.50%
Net Leverage Less Than 3.0x [Member] | Alternative Base Rate [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			2.25%		2.25%					2.25%
Net Leverage Less Than 3.0x [Member] | Eurodollar [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			3.25%		3.25%					3.25%
Net Leverage Less Than 3.0x [Member] | Maximum [Member] | 2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					3
Net Leverage Less Than 3.0x [Member] | Maximum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Financial Covenant, Net Leverage					3
Scenario, Forecast [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Increase (Decrease)		5000.00%
Debt and Capital Lease Obligations | €		€ 815
Scenario, Forecast [Member] | 2021 Euro Loan [Member]
Debt Instrument [Line Items]
Derivative, Average Fixed Interest Rate	[4]								0.47%
Scenario, Forecast [Member] | 2023 Euro Loan [Member]
Debt Instrument [Line Items]
Derivative, Average Fixed Interest Rate	[5]							0.97%
Scenario, Forecast [Member] | Minimum [Member] | Euro Loans [Member]
Debt Instrument [Line Items]
Debt Instrument, Guarantee Fee, Stated Percentage		3.00%
[1]	(1) We have a cash pooling arrangement with Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), which enables us to receive credit throughout the group in respect of cash balances which our subsidiaries deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited.As at June 30, 2018, we had deposits of US$ 17.5 million in and no drawings on the BMG cash pool. Interest is earned on deposits at the relevant money market rate. As at December 31, 2017, we had deposits of US$ 12.4 million in and no drawings on the BMG cash pool.
[2]	(2) Under a factoring framework agreement with Factoring Česka spořitelna a.s., up to CZK 575.0 million (approximately US$ 25.8 million) of receivables from certain customers in the Czech Republic may be factored on a recourse or non-recourse basis. The facility has a factoring fee of 0.19% of any factored receivable and bears interest at one-month PRIBOR plus 0.95% per annum for the period that receivables are factored and outstanding.
[3]	(3) Under a factoring framework agreement with Global Funds IFN S.A., receivables from certain customers in Romania may be factored on a non-recourse basis. The facility has a factoring fee of 4.0% of any factored receivable and bears interest at 6.0% per annum from the date the receivables are factored to the due date of the factored receivable.
[4]	Effective until November 1, 2019. From November 1, 2019 through maturity on November 1, 2021, the rate fixed pursuant to interest rate hedges will increase to 0.47%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 3.75% if our net leverage ratio remains unchanged.
[5]	Effective until February 19, 2021. From February 19, 2021 through maturity on April 26, 2023, the rate fixed pursuant to interest rate hedges will increase to 0.97%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 4.25% if our net leverage ratio remains unchanged.
[6]	Based on the three month LIBOR of 2.34% as at June 30, 2018.
[7]	(1) Debt issuance costs related to the 2019 Euro Loan, 2021 Euro Loan and 2023 Euro Loan are being amortized on a straight-line basis, which approximates the effective interest method, over the life of the respective instruments. Debt issuance costs related to the 2023 Revolving Credit Facility are classified as non-current assets in our condensed consolidated balance sheet and are being amortized on a straight-line basis over the life of the 2023 Revolving Credit Facility.

LONG-TERM DEBT AND OTHER FINA56

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Convertible Notes (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Carrying Amount		$ 862,287	$ 1,079,187
Fair Value		791,212	1,016,077
2019 Euro Loan [Member]
Debt Instrument [Line Items]
Carrying Amount		$ 47,510	240,545
Debt Instrument, Interest Rate, Stated Percentage		1.28%
Fair Value		$ 47,103	236,337
2021 Euro Loan [Member]
Debt Instrument [Line Items]
Carrying Amount		$ 273,633	281,871
Debt Instrument, Interest Rate, Stated Percentage		1.28%
Fair Value		$ 256,999	268,858
2023 Euro Loan [Member]
Debt Instrument [Line Items]
Carrying Amount		$ 541,144	556,771
Debt Instrument, Interest Rate, Stated Percentage		1.28%
Fair Value		$ 487,110	$ 510,882
2023 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	[1]	6.34%
Long-term Line of Credit, Noncurrent		$ 0
[1]	Based on the three month LIBOR of 2.34% as at June 30, 2018.

LONG-TERM DEBT AND OTHER FINA57

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Fixed Rate Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Senior debt	$ 862,287	$ 1,079,187
Fair Value	$ 791,212	$ 1,016,077
CME NV and CME BV [Member]
Debt Instrument [Line Items]
Outstanding Shares Pledged, Percentage	100.00%

LONG-TERM DEBT AND OTHER FINA58

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Credit Facility and Capital Lease Obligations(Details) $ in Thousands, Kč in Millions		3 Months Ended	6 Months Ended
		Jun. 30, 2018CZK (Kč)	Jun. 30, 2018CZK (Kč)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Line of Credit Facility [Line Items]
Unamortized Debt Issuance Expense				$ 6,159
Senior debt				862,287	$ 1,079,187
Credit facilities (1) – (3)	[1],[2],[3]			0	0
Capital leases				10,385	9,487
Total credit facilities and capital leases				10,385	9,487
Less: current maturities				(3,505)	(2,960)
Total non-current credit facilities and capital leases				6,880	6,527
Fair Value				$ 791,212	$ 1,016,077
2023 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	[4]	6.34%	6.34%	6.34%
Line of Credit Facility, Maximum Borrowing Capacity				$ 75,000
Senior Debt and Credit Facilities [Member]
Line of Credit Facility [Line Items]
Senior debt				862,287
Principal Amount of Liability Component				$ 868,446
CME NV and CME BV [Member]
Line of Credit Facility [Line Items]
Outstanding Shares Pledged, Percentage		100.00%	100.00%	100.00%
CME NV and CME BV [Member] | 2023 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding Shares Pledged, Percentage					100.00%
BMG Bank Mendes Gans [Member]
Line of Credit Facility [Line Items]
Credit facilities (1) – (3)				$ 0
Line of credit facility cash pooling arrangement deposit				17,500	$ 12,400
Ceska Sporitelna [Member]
Line of Credit Facility [Line Items]
Receivables subject to a factoring agreement, recourse or non-recourse basis		Kč 575	Kč 575	$ 25,800
Basis spread on variable rate (in percent)		0.95%
Factoring Fee, Percentage			0.19%
Global Funds IFN S.A. [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in percent)			6.00%
Factoring Fee, Percentage			4.00%
[1]	(1) We have a cash pooling arrangement with Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), which enables us to receive credit throughout the group in respect of cash balances which our subsidiaries deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited.As at June 30, 2018, we had deposits of US$ 17.5 million in and no drawings on the BMG cash pool. Interest is earned on deposits at the relevant money market rate. As at December 31, 2017, we had deposits of US$ 12.4 million in and no drawings on the BMG cash pool.
[2]	(2) Under a factoring framework agreement with Factoring Česka spořitelna a.s., up to CZK 575.0 million (approximately US$ 25.8 million) of receivables from certain customers in the Czech Republic may be factored on a recourse or non-recourse basis. The facility has a factoring fee of 0.19% of any factored receivable and bears interest at one-month PRIBOR plus 0.95% per annum for the period that receivables are factored and outstanding.
[3]	(3) Under a factoring framework agreement with Global Funds IFN S.A., receivables from certain customers in Romania may be factored on a non-recourse basis. The facility has a factoring fee of 4.0% of any factored receivable and bears interest at 6.0% per annum from the date the receivables are factored to the due date of the factored receivable.
[4]	Based on the three month LIBOR of 2.34% as at June 30, 2018.

LONG-TERM DEBT AND OTHER FINA59

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Capital Lease Commitments(Details) $ in Thousands	Jun. 30, 2018USD ($)
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,018	$ 1,912
2,019	3,466
2,020	3,152
2,021	1,969
2,022	259
2023 and thereafter	0
Total undiscounted payments	10,758
Less: amount representing interest	(373)
Present value of net minimum lease payments	$ 10,385

LONG-TERM DEBT AND OTHER FINA60

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS Guarantee Fees (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Line of Credit Facility [Line Items]
Loss on extinguishment of debt		$ (179)	$ 0	$ (288)	$ 0
Interest on long-term debt and other financing arrangements		$ 9,374	16,012	$ 22,829	33,641
CME NV and CME BV [Member]
Line of Credit Facility [Line Items]
Outstanding Shares Pledged, Percentage		100.00%		100.00%
2019 Euro Loan [Member]
Line of Credit Facility [Line Items]
Percentage of Debt Hedged by Interest Rate Derivatives		0.14%		0.14%
Debt Instrument, Guarantee Fee, Stated Percentage		2.33%		2.33%
Debt Instrument, Interest Rate, Stated Percentage		1.28%		1.28%
2021 Euro Loan [Member]
Line of Credit Facility [Line Items]
Percentage of Debt Hedged by Interest Rate Derivatives	[1]	0.31%		0.31%
Debt Instrument, Guarantee Fee, Stated Percentage	[1]	2.16%		2.16%
Debt Instrument, Interest Rate, Stated Percentage		1.28%		1.28%
2023 Euro Loan [Member]
Line of Credit Facility [Line Items]
Percentage of Debt Hedged by Interest Rate Derivatives	[2]	0.28%		0.28%
Debt Instrument, Guarantee Fee, Stated Percentage	[2]	2.69%		2.69%
Debt Instrument, Interest Rate, Stated Percentage		1.28%		1.28%
Guarantee Fee [Member]
Line of Credit Facility [Line Items]
Interest on long-term debt and other financing arrangements		$ 5,300	$ 11,500	$ 14,000	$ 24,500
2023 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	[3]	6.34%		6.34%
2023 Revolving Credit Facility [Member] | CME NV and CME BV [Member]
Line of Credit Facility [Line Items]
Outstanding Shares Pledged, Percentage						100.00%
[1]	Effective until November 1, 2019. From November 1, 2019 through maturity on November 1, 2021, the rate fixed pursuant to interest rate hedges will increase to 0.47%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 3.75% if our net leverage ratio remains unchanged.
[2]	Effective until February 19, 2021. From February 19, 2021 through maturity on April 26, 2023, the rate fixed pursuant to interest rate hedges will increase to 0.97%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 4.25% if our net leverage ratio remains unchanged.
[3]	Based on the three month LIBOR of 2.34% as at June 30, 2018.

PROGRAM RIGHTS (Details)

PROGRAM RIGHTS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Less: current portion of acquired program rights	$ (71,437)	$ (69,706)
Total non-current acquired program rights and produced program rights	154,842	182,170
Feature Films [Member]
Feature film costs, released, net of amortization	772	939
Television Programs [Member]
Television programs, released, net of amortization	52,312	49,888
Television programs, completed and not released	5,524	9,987
Television programs, in production	18,620	28,971
Television programs, development and pre-production	303	162
Acquired Program Rights [Member]
Acquired program rights, net of amortization	148,748	161,929
Less: current portion of acquired program rights	(71,437)	(69,706)
Program rights net noncurrent	77,311	92,223
Film And Television [Member]
Program rights net noncurrent	$ 77,531	$ 89,947

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts Receivable, Net [Abstract]
Third-party customers	$ 155,865	$ 168,805
Less: allowance for bad debts and credit notes	(9,491)	(9,902)
Total accounts receivable	$ 146,374	$ 158,903

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current:
Prepaid acquired programming	$ 24,360	$ 22,579
Other prepaid expenses	7,452	7,616
VAT recoverable	485	650
Income taxes recoverable	985	109
Other	1,740	2,152
Total other current assets	35,022	33,106
Non-current:
Capitalized debt costs	10,946	12,947
Deferred tax	2,755	2,964
Other	238	958
Total other non-current assets	$ 13,939	$ 16,869

PROPERTY, PLANT AND EQUIPMENT64

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2018		Dec. 31, 2017		Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total cost	$ 349,083		$ 354,452
Less: accumulated depreciation	(252,302)		(250,804)
Total net book value	96,781	[1]	103,648	[1]	$ 95,659	$ 89,080
Assets held under capital leases (included in the above)	17,445		14,193
Less: accumulated depreciation	(6,578)		(5,151)
Total net book value	10,867		9,042
Land and buildings
Property, Plant and Equipment [Line Items]
Total cost	83,712		86,480
Machinery, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total cost	195,089		195,682
Assets held under capital leases (included in the above)	17,445		14,193
Other equipment
Property, Plant and Equipment [Line Items]
Total cost	15,741		16,121
Software
Property, Plant and Equipment [Line Items]
Total cost	53,033		53,143
Construction in progress
Property, Plant and Equipment [Line Items]
Total cost	$ 1,508		$ 3,026
[1]	(1) Reflects property, plant and equipment, net

PROPERTY, PLANT AND EQUIPMENT R

PROPERTY, PLANT AND EQUIPMENT Rollforward (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Capital Lease Obligations Incurred					$ 4,000		$ 4,000
Movement in Property, Plant and Equipment [Roll Forward]
Opening balance					103,648	[1]	89,080
Additions (1)	[2]				11,646		10,409
Disposals					(23)		(84)
Depreciation		$ (7,548)		$ (6,450)	(14,914)		(12,409)
Foreign currency movements					3,576		(8,663)
Ending balance		$ 96,781	[1]	$ 95,659	$ 96,781	[1]	$ 95,659
[1]	(1) Reflects property, plant and equipment, net
[2]	(1) Includes assets acquired under capital leases of US$ 4.0 million and US$ 4.0 million for the six months ended June 30, 2018 and 2017, respectively.

ACCOUNTS PAYABLE AND ACCRUED 66

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable	$ 50,894	$ 53,408
Related party accounts payable	143	252
Programming liabilities	16,573	16,923
Related party programming liabilities	12,264	20,027
Duties and other taxes payable	6,560	8,769
Accrued staff costs	13,428	18,430
Accrued interest payable	2,945	3,326
Related party accrued interest payable (including Guarantee Fees)	2,641	6,273
Income taxes payable	7,843	14,018
Other accrued liabilities	1,509	2,467
Total accounts payable and accrued liabilities	$ 114,800	$ 143,893

OTHER LIABILITIES (Details)

OTHER LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017	Dec. 31, 2017
Current:
Deferred revenue	$ 23,219			$ 23,219			$ 5,675
Legal provisions	2,016			2,016			2,907
Other	618			618			698
Total other current liabilities	25,853			25,853			9,280
Non-current:
Deferred tax	19,222			19,222			20,569
Related party commitment fee payable (1)	11,218	[1]		11,218	[1]		10,765
Related party Guarantee Fee payable (Note 5)	62,817			62,817			58,855
Other	10,840			10,840			5,065
Total other non-current liabilities	104,097			104,097			$ 95,254
Deferred Revenue, Revenue Recognized	$ 1,600		$ 1,200	$ 4,100		$ 3,700
2015 Convertible Notes [Member]
Non-current:
Accounts Payable, Interest-bearing, Interest Rate	8.50%			8.50%
2015 Convertible Notes [Member]
Non-current:
Debt Instrument, Interest Rate, Stated Percentage							5.00%
[1]	(1) Represents the commitment fee ("Commitment Fee") payable to Warner Media, including accrued interest, in respect of its obligation under a commitment letter dated November 14, 2014 between Warner Media and us whereby Warner Media agreed to provide or assist with arranging a loan facility to repay our 5.0% senior convertible notes at maturity in November 2015. The Commitment Fee is payable by November 1, 2021 or earlier if the repayment of the 2021 Euro Loan is accelerated. The Commitment Fee bears interest at 8.5% per annum and such interest is payable in arrears on each May 1 and November 1, and may be paid in cash or in kind, at our election.

FINANCIAL INSTRUMENTS AND FAI68

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Hedge Accounting Activities (Details) - 3 months ended Jun. 30, 2018 $ in Thousands, € in Millions	EUR (€)	USD ($)
Derivative [Line Items]
Repayments of Debt | €	€ 110
2023 Euro Loan [Member] | Interest Rate Swap, Apr 26, 2018, 468.8m EUR [Member]
Derivative [Line Items]
Number of Contracts		4
Aggregate Notional Amount		$ 468,800
Fair Value as at June 30, 2018		$ (2,821)
2023 Euro Loan [Member] | Interest Rate Swap, Apr 5, 2016, 468.8m EUR [Member]
Derivative [Line Items]
Number of Contracts		5
Aggregate Notional Amount		$ 468,800
Fair Value as at June 30, 2018		$ (2,609)
2019 Euro Loan [Member] | Interest Rate Swap, Apr 5, 2016, 40.8m EUR [Member]
Derivative [Line Items]
Number of Contracts		4
Aggregate Notional Amount		$ 40,800
Fair Value as at June 30, 2018		$ (24)
2021 Euro Loan [Member] | Interest Rate Swap, Apr 26, 2018, 235.335m EUR [Member]
Derivative [Line Items]
Number of Contracts		3
Aggregate Notional Amount		$ 235,335
Fair Value as at June 30, 2018		$ (932)
2021 Euro Loan [Member] | Interest Rate Swap, Nov 10, 2015, 235.335m EUR [Member]
Derivative [Line Items]
Number of Contracts		3
Aggregate Notional Amount		$ 235,335
Fair Value as at June 30, 2018		(1,137)
Designated as Hedging Instrument [Member] | 2023 Euro Loan [Member] | Interest Rate Swap, Apr 26, 2018, 468.8m EUR [Member]
Derivative [Line Items]
Aggregate Notional Amount		468,800
Designated as Hedging Instrument [Member] | 2023 Euro Loan [Member] | Interest Rate Swap, Apr 5, 2016, 468.8m EUR [Member]
Derivative [Line Items]
Aggregate Notional Amount		468,800
Designated as Hedging Instrument [Member] | 2021 Euro Loan [Member] | Interest Rate Swap, Apr 26, 2018, 235.335m EUR [Member]
Derivative [Line Items]
Aggregate Notional Amount		78,367
Designated as Hedging Instrument [Member] | 2021 Euro Loan [Member] | Interest Rate Swap, Nov 10, 2015, 235.335m EUR [Member]
Derivative [Line Items]
Aggregate Notional Amount		$ 78,367

FINANCIAL INSTRUMENTS AND FAI69

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Fair Value of Derivatives (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Fair Value, By Balance Sheet Grouping Disclosure Information [Line Items]
Change in fair value of derivatives	$ (1,101)	$ (1,100)	$ (1,329)	$ (732)
Currency Swap [Member]
Fair Value, By Balance Sheet Grouping Disclosure Information [Line Items]
Change in fair value of derivatives	0	(1,100)	0	(732)
Interest rate swap [Member]
Fair Value, By Balance Sheet Grouping Disclosure Information [Line Items]
Change in fair value of derivatives	$ (1,101)	$ 0	$ (1,329)	$ 0

CONVERTIBLE REDEEMABLE PREFER70

CONVERTIBLE REDEEMABLE PREFERRED STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Jun. 25, 2013
Temporary Equity [Line Items]
Temporary equity	$ 269,370		$ 269,370		$ 264,593
Preferred share accretion paid in kind	$ (2,330)	$ (2,405)	$ (4,777)	$ (4,762)
Series B Preferred Shares
Temporary Equity [Line Items]
Preferred stock, shares issued	200,000		200,000		200,000
Preferred stock, par value (in dollars per share)	$ 0.08		$ 0.08		$ 0.08	$ 0.08
Convertible Preferred Stock, Estimated Common Stock Issued in Future Conversion	111,100,000		111,100,000
Sale of stock, price per share						$ 1,000
Preferred stock, conversion price	$ 2.42		$ 2.42
4 - 5 years [Member] | Series B Preferred Shares
Temporary Equity [Line Items]
Preferred stock, dividend rate, percentage	3.75%

EQUITY (Details)

EQUITY (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Apr. 30, 2012
Class of Stock [Line Items]
Preferred stock, shares authorized	5,000,000		5,000,000		5,000,000
Number of shares of Class B common stock to Class A common stock	1		1
T W Investor [Member]
Class of Stock [Line Items]
Ownership percentage, related party	64.40%		64.40%
Time Warner [Member]
Class of Stock [Line Items]
Ownership percentage, related party	44.70%		44.70%
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued	1		1		1
Preferred stock, shares outstanding	1		1		1
Series B Preferred Shares
Class of Stock [Line Items]
Preferred stock, shares issued					200,000
Preferred stock, shares outstanding	200,000		200,000		200,000
Convertible Preferred Stock, Estimated Common Stock Issued in Future Conversion	111,100,000		111,100,000
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized	440,000,000		440,000,000		440,000,000
Common stock, shares issued	252,121,007		252,121,007		145,486,497
Class A Common Stock [Member] | T W Investor [Member]
Class of Stock [Line Items]
Incremental common shares attributable to dilutive effect of conversion of preferred stock (in shares)	11,211,449	11,211,449	11,211,449	11,211,449
Class B Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized	15,000,000		15,000,000		15,000,000
Common stock, shares issued	0		0		0
Common stock, shares outstanding	0		0		0
Minimum [Member] | Class A Common Stock [Member] | T W Investor [Member]
Class of Stock [Line Items]
Ownership percentage, related party						49.90%

EQUITY Warrants (Details)

EQUITY Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 25, 2018	Jun. 30, 2018	Jun. 30, 2017	May 02, 2014
Class of Warrant or Right [Line Items]
Proceeds from exercise of warrants		$ 105,652	$ 527
Warrants Expired		202,175
2018 Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants exercised (in shares)		105,652,401
Proceeds from exercise of warrants		$ 105,700
Common Class A [Member] | 2018 Warrants [Member]
Class of Warrant or Right [Line Items]
Conversion of Stock, Shares Converted	100,926,996
Class of Warrant or Right, Outstanding				114,000,000
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right		1
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 1

EQUITY AOCI (Details)

EQUITY AOCI (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Translation Adjustment Functional to Reporting Currency, Net of Tax		$ (207,324)		$ (207,324)		$ (184,256)
Accumulated Other Comprehensive Income (Loss), Net of Tax		(213,434)		(213,434)		(187,438)
Unrealized (loss) / gain on derivative instruments (Note 12)		(3,119)	$ (40)	(2,928)	$ 1,218
Other Comprehensive Income (Loss), Net of Tax				(25,996)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax				1,231
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		(34,629)	$ 30,904	(22,844)	$ 32,976
Permanent Loans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	[1]			(3,524)
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax				(7,677)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax				(11,867)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized (loss) / gain on derivative instruments (Note 12)				(2,928)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax				(23,068)
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (6,110)		(6,110)		$ (3,182)
Unrealized (loss) / gain on derivative instruments (Note 12)				5,595
Interest Expense [Member] | Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion				1,231
Interest Expense [Member] | Not Designated as Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion	[2]			$ 1,436
[1]	(1) Represents foreign exchange losses on intercompany loans that are of a long-term investment nature which are reported in the same manner as translation adjustments.
[2]	(2) We expect to repay a portion of the 2021 Euro Loan with the expected proceeds from the Divestment Transaction (see Note 5, "Long-term Debt and Other Financing Arrangements"). This anticipated reduction of principal amounts owing in respect of the 2021 Euro Loan will reduce future interest payments that the interest rate swap maturing on November 1, 2019 is designed to hedge. To maintain the effectiveness of the interest rate swap, we have de-designated a portion of the notional amount to align with the principal balance of the 2021 Euro Loan principal that will remain after the application of Divestment Transaction proceeds. For the portion de-designated, all related fair value adjustments including those previously recognized in accumulated other comprehensive income / loss are recognized in other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss (see Note 12, "Financial Instruments and Fair Value Measurements").

INTEREST EXPENSE (Details)

INTEREST EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest on long-term debt and other financing arrangements	$ 9,374	$ 16,012	$ 22,829	$ 33,641
Amortization of capitalized debt issuance costs	(1,067)	(1,416)	(2,624)	(2,780)
Total interest expense	$ 10,441	$ 17,428	25,453	36,421
Interest Paid, Excluding Capitalized Interest, Operating Activities			$ 21,500	$ 19,600

OTHER NONOPERATING EXPENSE, N75

OTHER NONOPERATING EXPENSE, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other Income and Expenses [Abstract]
Interest income	$ 204	$ 110	$ 346	$ 187
Foreign currency exchange (loss) / gain, net	(6,054)	7,864	(1,788)	9,476
Change in fair value of derivatives (Note 12)	(1,101)	(1,100)	(1,329)	(732)
Loss on extinguishment of debt	(179)	0	(288)	0
Other income, net	194	34	171	209
Total other non-operating (expense) / income, net	$ (6,936)	$ 6,908	$ (2,888)	$ 9,140

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Amended and Restated Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	6,000,000		6,000,000
Stock-based compensation expense from continuing operations | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charged	$ 1,088	$ 845	$ 2,162	$ 1,612
Stock-based compensation expense from discontinued operations | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charged	$ 40	$ 0	$ 78	$ 63

STOCK-BASED COMPENSATION Stock

STOCK-BASED COMPENSATION Stock Options (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Employee stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum life of issued options	10 years
Number of options:
Outstanding at December 31, 2017	2,011,392
Outstanding at June 30, 2018	2,011,392	2,011,392
Vested (shares)	2,011,392
Exercisable at June 30, 2018	1,405,696
Weighted-Average Exercise Price:
Outstanding at December 31, 2017	$ 2.32
Outstanding at June 30, 2018	2.32	$ 2.32
Vested and expected to vest	2.32
Exercisable at June 30, 2018	$ 2.31
Options outstanding, weighted average remaining contractual term	7 years 29 days	7 years 6 months 29 days
Options vested, weighted average remaining contractual term	7 years 29 days
Exercisable, weighted average remaining contractual term	7 years 15 days
Options outstanding, aggregate intrinsic value	$ 3,671,000	$ 4,677,000
Options vested, aggregate intrinsic value	3,671,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	2,580,000
Unrecognized compensation expense	$ 831,701
Weighted average period for recognition	1 year 2 months 6 days
RSUs
Weighted-Average Exercise Price:
Unrecognized compensation expense	$ 6,900,000
Weighted average period for recognition	2 years 6 months 24 days
Minimum [Member] | Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	1 year
Minimum [Member] | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	1 year
Maximum [Member] | Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	4 years
Maximum [Member] | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	4 years

STOCK-BASED COMPENSATION Restri

STOCK-BASED COMPENSATION Restricted Stock Units (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Shares Underlying	1
RSUs
Number of Shares/Units:
Unvested at December 31, 2017	2,694,063
Granted	962,369
Vested	(1,162,732)
Unvested at June 30, 2018	2,493,700
Weighted-Average Grant Date Fair Value:
Unvested at December 31, 2017 | $ / shares	$ 3.07
Granted | $ / shares	4.28
Vested | $ / shares	3.17
Unvested at June 30, 2018 | $ / shares	$ 3.49
Intrinsic value of unvested RSUs | $	$ 10.3
Unrecognized compensation expense | $	$ 6.9
Weighted average period for recognition	2 years 6 months 24 days
RSUs | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	1 year
RSUs | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	4 years
Performance Shares [Member]
Number of Shares/Units:
Unvested at December 31, 2017	719,109
Unvested at June 30, 2018	479,406

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income from continuing operations		$ 21,325	$ 25,265	$ 27,409	$ 19,283
Net loss attributable to noncontrolling interests		16	137	194	346
Less: preferred share accretion paid in kind (Note 13)		(2,330)	(2,405)	(4,777)	(4,762)
Less: income allocated to Series B Preferred Shares		(6,084)	(9,347)	(8,192)	(6,037)
Income from continuing operations available to common shareholders, net of noncontrolling interest		12,927	13,650	14,634	8,830
Income / (loss) from discontinued operations, net of tax (Note 3)		4,700	2,533	5,688	(2,759)
Net income attributable to CME Ltd. available to common shareholders — basic		16,123	15,153	18,281	7,191
Net income attributable to CME Ltd. available to common shareholders — diluted		$ 16,608	$ 17,583	$ 19,805	$ 8,294
Weighted average outstanding shares of common stock - basic (in shares)	[1]	235,148,000	155,738,000	196,807,000	155,269,000
Dilutive effect of common stock warrants, employee stock options and RSUs (in shares)		23,635,000	80,214,000	53,708,000	75,603,000
Weighted average outstanding shares of common stock - diluted (in shares)		258,783,000	235,952,000	250,515,000	230,872,000
Net income / (loss) per share:
Continuing operations — basic		$ 0.05	$ 0.09	$ 0.07	$ 0.06
Continuing operations — diluted		0.05	0.07	0.06	0.04
Discontinued operations — basic		0.02	0.01	0.02	(0.01)
Discontinued operations — diluted		0.01	0	0.02	0
Net income attributable to CME Ltd. — basic		0.07	0.10	0.09	0.05
Net income attributable to CME Ltd. — diluted		$ 0.06	$ 0.07	$ 0.08	$ 0.04
Series B Preferred Shares
Dilutive effect of Series B Preferred Shares		$ (485)	$ (2,430)	$ (1,524)	$ (1,103)
Common Class A [Member] | T W Investor [Member]
Net income / (loss) per share:
Incremental common shares attributable to dilutive effect of conversion of preferred stock (in shares)		11,211,449	11,211,449	11,211,449	11,211,449
Discontinued Operations, Held-for-sale [Member]
Less: income allocated to Series B Preferred Shares		$ 1,504	$ 1,030	$ 2,041	$ (1,120)
[1]	(1) For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock.

EARNINGS PER SHARE Antidilutive

EARNINGS PER SHARE Antidilutive instruments (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,013	479	1,013	1,109
Employee stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	411
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,013	479	1,013	698

SEGMENT DATA Net Revenue and OI

SEGMENT DATA Net Revenue and OIBDA (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)operating_segment	Jun. 30, 2017USD ($)
Segment Reporting Information [Line Items]
Net revenues		$ 159,555	$ 146,895	$ 298,737	$ 258,627
OIBDA		55,657	51,656	86,324	72,748
Depreciation		(7,548)	(6,450)	(14,914)	(12,409)
Amortization of Intangible Assets		(2,267)	(2,053)	(4,623)	(4,162)
Operating income		45,842	43,153	66,787	56,177
Interest Expense		(10,441)	(17,428)	(25,453)	(36,421)
Loss on extinguishment of debt		(179)	0	(288)	0
Nonoperating Income (Expense)		(6,936)	6,908	(2,888)	9,140
Income / (loss) before tax		28,465	32,633	38,446	28,896
Bulgaria
Segment Reporting Information [Line Items]
Net revenues		23,427	20,774	42,860	36,079
OIBDA		5,622	2,985	8,603	4,243
Czech Republic
Segment Reporting Information [Line Items]
Net revenues		61,028	53,371	112,562	92,845
OIBDA		28,251	25,377	43,621	36,124
Romania
Segment Reporting Information [Line Items]
Net revenues		49,594	48,570	95,555	87,514
OIBDA		24,196	22,071	43,089	36,531
Slovak Republic
Segment Reporting Information [Line Items]
Net revenues		26,770	24,624	49,723	42,964
OIBDA		3,906	7,409	5,009	8,157
Intersegment Revenues [Member]
Segment Reporting Information [Line Items]
Net revenues	[1]	(1,264)	(444)	(1,963)	(775)
Elimination
Segment Reporting Information [Line Items]
OIBDA		28	24	$ 40	16
Total operating segments
Segment Reporting Information [Line Items]
Number of operating segments | operating_segment				4
OIBDA		62,003	57,866	$ 100,362	85,071
Corporate
Segment Reporting Information [Line Items]
OIBDA		$ (6,346)	$ (6,210)	$ (14,038)	$ (12,323)
[1]	(1) Reflects revenues earned from the sale of content to other country segments in CME Ltd. All other revenues are third party revenues.

SEGMENT DATA Total Assets (Deta

SEGMENT DATA Total Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	[1]	$ 1,522,292	$ 1,628,055
Assets held for sale (Note 3)		142,623	148,156
Bulgaria
Segment Reporting Information [Line Items]
Assets		136,462	155,885
Czech Republic
Segment Reporting Information [Line Items]
Assets		773,098	842,716
Romania
Segment Reporting Information [Line Items]
Assets		294,633	307,286
Slovak Republic
Segment Reporting Information [Line Items]
Assets		150,674	149,866
Total operating segments
Segment Reporting Information [Line Items]
Assets	[1]	1,354,867	1,455,753
Corporate
Segment Reporting Information [Line Items]
Assets		$ 24,802	$ 24,146
[1]	(1) Segment assets exclude any intercompany balances.

SEGMENT DATA Capital Expenditur

SEGMENT DATA Capital Expenditure (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Capital expenditures	$ 7,834	$ 11,976
Bulgaria
Segment Reporting Information [Line Items]
Capital expenditures	1,349	2,019
Czech Republic
Segment Reporting Information [Line Items]
Capital expenditures	3,539	5,088
Romania
Segment Reporting Information [Line Items]
Capital expenditures	1,528	2,966
Slovak Republic
Segment Reporting Information [Line Items]
Capital expenditures	1,080	900
Total operating segments
Segment Reporting Information [Line Items]
Capital expenditures	7,496	10,973
Corporate
Segment Reporting Information [Line Items]
Capital expenditures	$ 338	$ 1,003

SEGMENT DATA Long Lived Assets

SEGMENT DATA Long Lived Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2018		Dec. 31, 2017		Jun. 30, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Long-lived assets		$ 96,781	[1]	$ 103,648	[1]	$ 95,659	$ 89,080
Bulgaria
Segment Reporting Information [Line Items]
Long-lived assets		8,005		7,863
Czech Republic
Segment Reporting Information [Line Items]
Long-lived assets		39,978		46,146
Romania
Segment Reporting Information [Line Items]
Long-lived assets		28,680		28,515
Slovak Republic
Segment Reporting Information [Line Items]
Long-lived assets		17,415		17,450
Total operating segments
Segment Reporting Information [Line Items]
Long-lived assets	[1]	94,078		99,974
Corporate
Segment Reporting Information [Line Items]
Long-lived assets		$ 2,703		$ 3,674
[1]	(1) Reflects property, plant and equipment, net

SEGMENT DATA Revenue by Type (D

SEGMENT DATA Revenue by Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting [Abstract]
Television advertising	$ 130,939	$ 120,603	$ 242,735	$ 209,656
Carriage fees and subscriptions	22,874	21,165	46,171	40,051
Other	5,742	5,127	9,831	8,920
Total net revenues	$ 159,555	$ 146,895	$ 298,737	$ 258,627

COMMITMENTS AND CONTINGENCIES P

COMMITMENTS AND CONTINGENCIES Programming Rights Agreements and Other Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Programming purchase obligations
Long-term Purchase Commitment [Line Items]
2,018	$ 12,714
2,019	22,412
2,020	18,189
2,021	11,092
2,022	3,452
2023 and thereafter	3,444
Total	71,303	$ 99,100
Other commitments (1)
Long-term Purchase Commitment [Line Items]
2,018	8,579
2,019	2,971
2,020	2,171
2,021	9,352
2,022	195
2023 and thereafter	113
Total	23,381
Capital expenditures
Long-term Purchase Commitment [Line Items]
2,018	2,857
2,019	206
2,020	0
2,021	0
2,022	0
2023 and thereafter	0
Total	$ 3,063

COMMITMENTS AND CONTINGENCIES O

COMMITMENTS AND CONTINGENCIES Operating Lease Payments (Details) $ in Thousands	Jun. 30, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,018	$ 1,603
2,019	1,096
2,020	710
2,021	617
2,022	600
2023 and thereafter	1,809
Total	$ 6,435

COMMITMENTS AND CONTINGENCIES88

COMMITMENTS AND CONTINGENCIES Other (Details) - Slovak Republic € in Millions	Jun. 30, 2018EUR (€)	Jun. 01, 2016
Loss Contingency, Pending Claims, Number	3	4
Loss Contingency, Estimate of Possible Loss	€ 69
Loss Contingency, Claims Dismissed, Value	€ 26.2
PN Third Case and PN Fourth Case [Domain]
Loss Contingency, Pending Claims, Number	2
PN First Case [Domain]
Loss Contingency, Pending Claims, Number	1
Loss Contingency, Estimate of Possible Loss	€ 8.3
PN First Case and PN Second Case [Domain]
Loss Contingency, Pending Claims, Number	2
PN Second Case [Domain]
Loss Contingency, Estimate of Possible Loss	€ 8.3

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Programming liabilities		$ 12,264		$ 12,264		$ 20,027
Other accounts payable and accrued liabilities		143		143		252
Accrued interest payable		2,641		2,641		6,273
Other non-current liabilities		$ 104,097		$ 104,097		95,254
AT&T [Member]
Related Party Transaction [Line Items]
Ownership percentage, related party		44.70%		44.70%
Purchases of programming		$ 4,615	$ 3,716	$ 9,933	$ 7,192
Interest expense		6,508	$ 12,878	16,981	$ 27,253
Programming liabilities		12,264		12,264		20,027
Accrued interest payable	[1]	2,641		2,641		6,273
Other non-current liabilities	[2]	74,035		74,035		69,620
Accounts Payable [Member] | AT&T [Member]
Related Party Transaction [Line Items]
Other accounts payable and accrued liabilities		$ 143		$ 143		$ 252
[1]	(1) Amount represents accrued Guarantee Fees for which we have not yet paid in cash or made an election to pay in kind. See Note 5, "Long-term Debt and Other Financing Arrangements".
[2]	(2) Amount represents the Commitment Fee, as well as the Guarantee Fees for which we had previously made an election to pay in kind. See Note 5, "Long-term Debt and Other Financing Arrangements".

SUBSEQUENT EVENTS Details

SUBSEQUENT EVENTS Details € in Millions, $ in Millions	Jun. 30, 2018USD ($)	Jun. 30, 2018EUR (€)	Jul. 09, 2017USD ($)	Jul. 09, 2017EUR (€)
Subsequent Event [Line Items]
Disposal Group, Including Discontinued Operation, Consideration			$ 268.1	€ 230
Termination Fee			$ 8.2	€ 7
CROATIA
Subsequent Event [Line Items]
Disposal Group, Including Discontinued Operation, Consideration	$ 99.1	€ 85
SLOVENIA
Subsequent Event [Line Items]
Disposal Group, Including Discontinued Operation, Consideration	169	145
Termination Fee	$ 5.1	€ 4.4