Television And Radio Broadcast Rights And Other Broadcast Commitments

9 Months Ended

Sep. 30, 2011

Television And Radio Broadcast Rights And Other Broadcast Commitments [Abstract]

Television And Radio Broadcast Rights And Other Broadcast Commitments

9. Television and Radio Broadcast Rights and Other Broadcast Commitments

The Company acquires television and radio broadcast rights. The impact of such contracts on the Company's overall financial results is dependent on a number of factors, including popularity of the program, increased competition from other programming, and strength of the advertising market. It is possible that the cost of commitments for program rights may ultimately exceed direct revenue from the program. Estimates of future revenue can change significantly and, accordingly, are reviewed periodically to determine whether impairment is expected over the life of the contract.

As of September 30, 2011, the Company had commitments under various agreements of $26.1 million for future rights to broadcast television programs, rights to sell available advertising time on third party radio stations and commitments under certain network affiliate agreements.