XML 33 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
NET REVENUE $ 97,062 $ 75,146 $ 162,070 $ 134,126
OPERATING EXPENSES:        
Programming and technical 30,718 19,294 49,549 37,829
Selling, general and administrative, including stock-based compensation 31,806 27,743 60,301 50,729
Depreciation and amortization 10,238 4,837 14,321 9,545
Total operating expenses 81,272 61,315 140,703 116,439
Operating income 15,790 13,831 21,367 17,687
INTEREST INCOME 9 43 17 67
INTEREST EXPENSE 22,916 9,703 42,249 18,938
LOSS ON RETIREMENT OF DEBT     7,743  
GAIN ON INVESTMENT IN AFFILIATED COMPANY 146,879   146,879  
EQUITY IN INCOME OF AFFILIATED COMPANY 208 1,139 3,287 2,048
OTHER EXPENSE, net 47 2,406 22 2,883
Income (loss) before provision for (benefit from) income taxes, noncontrolling interests in income of subsidiaries and loss from discontinued operations 139,923 2,904 121,536 (2,019)
PROVISION FOR (BENEFIT FROM) INCOME TAXES 38,611 233 84,230 (75)
Net income (loss) from continuing operations 101,312 2,671 37,306 (1,944)
LOSS FROM DISCONTINUED OPERATIONS, net of tax (45) (177) (81) (159)
CONSOLIDATED NET INCOME (LOSS) 101,267 2,494 37,225 (2,103)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 2,717 446 2,920 417
CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS 98,550 2,048 34,305 (2,520)
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Continuing operations $ 1.94 $ 0.04 $ 0.67 $ (0.05)
Discontinued operations, net of tax $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) attributable to common stockholders $ 1.94 $ 0.04 $ 0.67 $ (0.05)
DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Continuing operations $ 1.86 $ 0.04 $ 0.64 $ (0.05)
Discontinued operations, net of tax $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) attributable to common stockholders $ 1.86 $ 0.04 $ 0.64 $ (0.05)
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 50,831,560 51,054,572 51,474,556 50,942,693
Diluted 52,905,060 54,302,885 53,646,473 50,942,693
Corporate
       
OPERATING EXPENSES:        
Selling, general and administrative, including stock-based compensation $ 8,510 $ 9,441 $ 16,532 $ 18,336