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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Consolidated net income (loss)$ 29,830$ (55)
Adjustments to reconcile net income (loss) to net cash from operating activities:  
Depreciation and amortization25,82514,156
Amortization of debt financing costs3,0401,694
Amortization of content assets20,564 
Write off of debt financing costs 3,055
Deferred income taxes79,9372,611
Gain on investment in affiliated company(146,879) 
Equity in income of affiliated company(3,287)(3,832)
Stock-based compensation2,8954,877
Non-cash interest19,123 
LOSS ON RETIREMENT OF DEBT7,743 
Effect of change in operating assets and liabilities, net of assets acquired:  
Trade accounts receivable(27,857)(13,808)
Prepaid expenses and other assets1,157203
Other assets3,4026,866
Accounts payable4,271(1,826)
Accrued interest1,921856
Accrued compensation and related benefits2921,834
Income taxes payable603911
Other liabilities6,241(359)
Net cash flows provided by (used in) operating activities of discontinued operations290(408)
Net cash flows provided by operating activities29,11116,775
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of property and equipment(5,410)(3,251)
Net cash and investments acquired in connection with TV One consolidation65,245 
Purchase of content assets(12,761) 
Purchase of other intangible assets (341)
Net cash flows provided by (used in) investing activities47,074(3,592)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from credit facility378,28012,000
Repayment of credit facility(355,611)(12,396)
Debt refinancing and modification costs(6,197)(11,179)
Repurchase of noncontrolling interests(54,595) 
Proceeds from noncontrolling interest member2,776 
Repurchase of common stock(8,516) 
Net cash flows used in financing activities(52,206)(11,575)
INCREASE IN CASH AND CASH EQUIVALENTS23,9791,608
CASH AND CASH EQUIVALENTS, beginning of period9,19219,963
CASH AND CASH EQUIVALENTS, end of period33,17121,571
Cash paid for:  
Interest40,49828,510
Income taxes2,0041,160
Reach Media
  
CASH FLOWS FROM FINANCING ACTIVITIES:  
Payment of dividends to noncontrolling interest shareholders(933) 
TV One
  
CASH FLOWS FROM FINANCING ACTIVITIES:  
Payment of dividends to noncontrolling interest shareholders$ (7,410)