Dish Network 2003 Annual Report Download - page 114

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ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – Continued
F–47
of this redemption, during February 2004, we were able to reclassify approximately $57.2 million representing the
depreciated cost of two of our satellites from cash reserved for satellite insurance to cash and cash equivalents.
Gemstar-TV Guide International transaction
On March 2, 2004, we announced a long-term patent license and distribution agreement with Gemstar-TV Guide
International, Inc. This transaction includes a one-time cash payment by us of $190.0 million for use of Gemstar
intellectual property and technology, use of the TV Guide brand on our interactive program guides, and for
distribution arrangements with Gemstar to provide for the launch and carriage of the TV Guide Channel as well as
the extension of an existing distribution agreement for carriage of the TVG Network. We also signed an agreement
to resolve all outstanding litigation between us and Gemstar.
Also on March 2, 2004, we announced an agreement to acquire Gemstar’s Superstar/Netlink Group LLC (“SNG”),
UVTV distribution, and SpaceCom businesses and related assets for approximately $48.0 million in cash. Our
purchase of these businesses is subject to certain regulatory approvals and customary conditions. The effectiveness
of the patent license, distribution agreements and settlement agreement are subject to certain conditions, including
the closing of the SNG sale.