Television Broadcast Rights And Other Broadcast Commitments

12 Months Ended

Dec. 31, 2011

Television Broadcast Rights And Other Broadcast Commitments [Abstract]

Television Broadcast Rights And Other Broadcast Commitments

NOTE 10

Television Broadcast Rights and Other Broadcast Commitments

The Company acquires television 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 revenues can change significantly and, accordingly, are reviewed periodically to determine whether impairment is expected over the life of the contract.

Television broadcast rights acquired under contractual arrangements were $10.8 million, $11.9 million and $10.1 million in 2011, 2010 and 2009, respectively. At December 31, 2011, the Company had commitments under license agreements amounting to $26.4 million for future rights to broadcast television programs and network affiliate agreements through 2018. The Company also has rights to sell available advertising time for third party radio stations. Commitments for these rights were approximately $125,000 through 2012.