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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)
3 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the calculation of basic and diluted earnings per share (in thousands, except share and per share data):
 
 
 
Three Months Ended March 31,
 
 
 
2013
 
2012
 
 
 
(Unaudited)
 
Numerator:
 
 
 
 
 
 
 
Net loss attributable to common stockholders
 
$
(18,106)
 
$
(79,242)
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic net loss per share - weighted-average outstanding shares
 
 
49,861,964
 
 
49,994,974
 
Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
 
 
 
 
 
Denominator for diluted net loss per share - weighted-average outstanding shares
 
 
49,861,964
 
 
49,994,974
 
 
 
 
 
 
 
 
 
Net loss attributable to common stockholders per share –basic
 
$
(0.36)
 
$
(1.58)
 
Net loss attributable to common stockholders per share –diluted
 
$
(0.36)
 
$
(1.58)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
 All stock options and restricted stock awards were excluded from the diluted calculation for the three months ended March 31, 2013 and 2012, as their inclusion would have been anti-dilutive.  The following table summarizes the potential common shares excluded from the diluted calculation.  
 
 
 
Three Months Ended March 31,
 
 
 
2013
 
2012
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
Stock options
 
 
4,630
 
 
4,811
 
Restricted stock awards
 
 
57
 
 
119
 
Fair Value, by Balance Sheet Grouping [Table Text Block]
As of March 31, 2013, and December 31, 2012, the fair values of our financial assets and liabilities are categorized as follows: 
 
 
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
As of March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt securities (a)
 
$
1,300
 
$
1,300
 
$
 
$
 
Mutual funds (a)
 
 
1,980
 
 
1,980
 
 
 
 
 
Total
 
$
3,280
 
$
3,280
 
$
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Incentive award plan (b)
 
$
5,345
 
$
 
$
 
$
5,345
 
Employment agreement award (c)
 
 
11,836
 
 
 
 
 
 
11,836
 
Total
 
$
17,181
 
$
 
$
 
$
17,181
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mezzanine equity subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests (d)
 
$
13,012
 
$
 
$
 
$
13,012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt securities (a)
 
$
192
 
$
192
 
$
 
$
 
Mutual funds (a)
 
 
1,502
 
 
1,502
 
 
 
 
 
Total
 
$
1,694
 
$
1,694
 
$
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Incentive award plan (b)
 
$
5,345
 
$
 
$
 
$
5,345
 
Employment agreement award (c)
 
 
11,374
 
 
 
 
 
 
11,374
 
Total
 
$
16,719
 
$
 
$
 
$
16,719
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mezzanine equity subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests (d)
 
$
12,853
 
$
 
$
 
$
12,853
 
 
(a) Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.  
 
(b) These balances are measured based on the estimated enterprise fair value of TV One. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. For the period ended March 31, 2013, the Company determined that there was no change in TV One’s enterprise fair value since the December 31, 2012 valuation.
 
(c)   Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate investment in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One and an assessment of the probability that the employment agreement will be renewed and contain this provision. The Company’s obligation to pay the award will be triggered only after the Company’s recovery of the aggregate amount of its capital contribution in TV One and only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company or is terminated for cause. In estimating the fair value of the award, the Company determined that there was no change in TV One’s enterprise fair value since the December 31, 2012 valuation (See Note 6 – Derivative Instruments and Hedging Activities.)  The terms of the April 2008 employment agreement remain in effect including eligibility for the TV One award.  
  
(d)   The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology.  A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. 
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
      The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the three months ended March 31, 2013 and 2012:
 
 
 
Incentive Award Plan
 
Employment Agreement Award
 
Redeemable Noncontrolling Interests
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
 
$
5,345
 
$
11,374
 
$
12,853
 
Losses included in earnings (unrealized)
 
 
 
 
462
 
 
 
Net loss attributable to noncontrolling interests
 
 
 
 
 
 
(187)
 
Change in enterprise fair value
 
 
 
 
 
 
346
 
Balance at March 31, 2013
 
$
5,345
 
$
11,836
 
$
13,012
 
 
 
 
 
 
 
 
 
 
 
 
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date
 
$
 
$
(462)
 
$
 
 
 
 
Incentive Award Plan
 
Employment Agreement Award
 
Redeemable Noncontrolling Interests
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2011
 
$
5,096
 
$
10,346
 
$
20,343
 
Losses included in earnings (unrealized)
 
 
 
 
350
 
 
 
Net income attributable to noncontrolling interests
 
 
 
 
 
 
(221)
 
Change in enterprise fair value
 
 
 
 
 
 
3,330
 
Balance at March 31, 2012
 
$
5,096
 
$
10,696
 
$
23,452
 
 
 
 
 
 
 
 
 
 
 
 
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date
 
$
 
$
(350)
 
$
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows: 
 
 
 
 
 
 
 
As of
March 31, 2013
 
 
As of
December 31, 2012
 
 
As of
March 31, 2012
 
Level 3 liabilities
 
Valuation Technique
 
Significant Unobservable Inputs
 
Significant Unobservable Input Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Incentive award plan
 
Discounted Cash Flow
 
Discount Rate
 
 
10.75
%
 
 
10.75
%
 
 
11.50
%
Incentive award plan
 
Discounted Cash Flow
 
Long-term Growth Rate
 
 
3.00
%
 
 
3.00
%
 
 
3.00
%
Employment agreement award
 
Discounted Cash Flow
 
Discount Rate
 
 
10.75
%
 
 
10.75
%
 
 
11.50
%
Employment agreement award
 
Discounted Cash Flow
 
Long-term Growth Rate
 
 
3.00
%
 
 
3.00
%
 
 
3.00
%
Redeemable noncontrolling interest
 
Discounted Cash Flow
 
Discount Rate
 
 
12.50
%
 
 
11.50
%
 
 
12.50
%
Redeemable noncontrolling interest
 
Discounted Cash Flow
 
Long-term Growth Rate
 
 
2.00
%
 
 
2.00
%
 
 
2.50
%
REACH MEDIA, INC [Member]
 
Accounting Policies [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
As of March 31, 2013 and December 31, 2012, the fair values of our financial assets and liabilities are categorized as follows:
 
 
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
As of March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Mezzanine equity subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests (a)
 
$
13,012
 
$
 
$
 
$
13,012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Mezzanine equity subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests (a)
 
$
12,853
 
$
 
$
 
$
12,853
 
 
(a) The redeemable noncontrolling interest is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the three months ended March 31, 2013:
 
 
 
Redeemable
Non controlling
Interests
 
 
 
 
 
 
Balance at December 31, 2012
 
$
12,853
 
Change in enterprise fair value
 
 
159
 
Balance at March 31, 2013
 
$
13,012
 
 
 
 
 
 
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date
 
$
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows:
 
 
 
 
 
 
 
As of March
31, 2013
 
 
As of
December
31, 2012
 
 
As of
March 31,
2012
 
Level 3 liabilities
 
Valuation
Technique
 
Significant
Unobservable Inputs
 
Significant Unobservable Input Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest
 
Discounted Cash Flow
 
Discount Rate
 
 
12.5
%
 
 
11.5
%
 
 
12.5
%
Redeemable noncontrolling interest
 
Discounted Cash Flow
 
Long-term Growth Rate
 
 
2.0
%
 
 
2.0
%
 
 
2.5
%