PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

4. PROPERTY AND EQUIPMENT:

Property and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the related estimated useful lives. Property and equipment consists of the following:

	As of December 31,						Estimated
	2011			2010			Useful Lives

	(In thousands)

Land and improvements	$	3,777		$	3,765			—
Buildings and improvements		1,575			1,566			31 years
Transmitters and towers		35,735			34,949			7-15 years
Equipment		47,304			44,011			3-7 years
Furniture and fixtures		7,098			7,023			7 years
Software and web development		14,037			12,214			3 years
Leasehold improvements		19,139			18,625			Lease Term
Construction-in-progress		1,116			307			—
		129,781			122,460
Less: Accumulated depreciation and amortization		(95,793	)		(89,419	)
Property and equipment, net	$	33,988		$	33,041

Depreciation and amortization expense for the years ended December 31, 2011, 2010 and 2009 was approximately $37.1 million, $17.4 million and $21.0 million, respectively.

Repairs and maintenance costs are expensed as incurred.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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