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Subsequent Events
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6 Months Ended |
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Jun. 30, 2013
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| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
On July 1, 2013, Row 44 amended its agreement with Southwest Airlines to make live television available to Southwest passengers free of charge in exchange for a monthly fee to Row 44 and in addition to its existing service agreement with Southwest.
On July 9, 2013, the Company purchased substantially all the assets of Post Modern Edit, LLC and certain related entities (collectively, Post Modern Group or “PMG”). Pursuant to the terms of the purchase, the Company acquired the assets of PMG in exchange for approximately $10.5 million in cash, 431,734 shares of common stock and the assumption of approximately $3.4 million in debt. In addition, PMG may have the opportunity to receive an additional $5.0 million in cash if, among other things, the PMG business, combined with certain AIA businesses, achieve certain target financial milestones from the second half of 2013 through December 31, 2014.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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