XML 137 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS: (Tables)
 3 Months Ended
Mar. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Restatement to Balance Sheet [Table Text Block]
Selected Balance Sheet Data
As of March 31, 2013
(in thousands)

 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to
Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-
Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
1,422,345
 
 
 
-
 
 
 
(31,830
)
 
 
(33,302
)
 
 
(150,405
)
 
 
(164,448
)
 
 
1,042,360
 
Combined Subsidiary Guarantors
 
 
629,645
 
 
 
-
 
 
 
31,830
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
661,475
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
33,302
 
 
 
-
 
 
 
-
 
 
 
33,302
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
150,405
 
 
 
-
 
 
 
150,405
 
Consolidation Adjustments
 
 
(609,930
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
164,448
 
 
 
(445,482
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
 
1,442,060
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,442,060
 
 
Selected Balance Sheet Data
As of December 31, 2012
(in thousands)
  
 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
1,445,892
 
 
 
-
 
 
 
(75,862
)
 
 
(29,492
)
 
 
(155,275
)
 
 
(123,449
)
 
 
1,061,814
 
Combined Subsidiary Guarantors
 
 
599,347
 
 
 
-
 
 
 
75,862
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
675,209
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
29,492
 
 
 
-
 
 
 
-
 
 
 
29,492
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
155,275
 
 
 
-
 
 
 
155,275
 
Consolidation Adjustments
 
 
(585,044
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
123,449
 
 
 
(461,595
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
 
1,460,195
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,460,195
 
Restatement to Statement of Operations [Table Text Block]
Selected Statement of Operations Data
For The Three Months Ended March 31, 2013
(in thousands)
 
 
 
As Previously
Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
57,649
 
 
 
-
 
 
 
10,987
 
 
 
(9,541
)
 
 
(35,991
)
 
 
1,543
 
 
 
24,647
 
Combined Subsidiary Guarantors
 
 
41,463
 
 
 
-
 
 
 
(10,987
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
30,476
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
9,541
 
 
 
-
 
 
 
-
 
 
 
9,541
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
35,991
 
 
 
-
 
 
 
35,991
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,543
)
 
 
(1,543
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
 
99,112
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
99,112
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
11,031
 
 
 
-
 
 
 
(1,435
)
 
 
1,094
 
 
 
(15,041
)
 
 
6,449
 
 
 
2,098
 
Combined Subsidiary Guarantors
 
 
4,498
 
 
 
-
 
 
 
1,435
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,933
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,094
)
 
 
-
 
 
 
-
 
 
 
(1,094
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
15,041
 
 
 
-
 
 
 
15,041
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(6,449
)
 
 
(6,449
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Operating Income
 
 
15,529
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
15,529
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(12,415
)
 
 
-
 
 
 
(505
)
 
 
768
 
 
 
(12,013
)
 
 
6,059
 
 
 
(18,106
)
Combined Subsidiary Guarantors
 
 
5,048
 
 
 
-
 
 
 
505
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,553
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(768
)
 
 
-
 
 
 
-
 
 
 
(768
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
12,013
 
 
 
-
 
 
 
12,013
 
Consolidation Adjustments
 
 
(5,048
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(6,059
)
 
 
(11,107
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Income (Loss)
 
 
(12,415
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(12,415
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Income Attributable to
Non-Controlling Interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
5,691
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,691
)
 
 
-
 
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,691
 
 
 
5,691
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Income Attributable to Non-Controlling Interests
 
 
5,691
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,691
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Income (Loss) Attributable
to Common Stockholders
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(18,106
)
 
 
-
 
 
 
(505
)
 
 
768
 
 
 
(12,013
)
 
 
11,750
 
 
 
(18,106
)
Combined Subsidiary Guarantors
 
 
5,048
 
 
 
-
 
 
 
505
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,553
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(768
)
 
 
-
 
 
 
-
 
 
 
(768
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
12,013
 
 
 
-
 
 
 
12,013
 
Consolidation Adjustments
 
 
(5,048
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(11,750
)
 
 
(16,798
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Income (Loss) Attributable to Common Stockholders
 
 
(18,106
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(18,106
)
 
Selected Statement of Operations Data
For The Three Months Ended March 31, 2012
(in thousands)
 
 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
71,939
 
 
 
-
 
 
 
1,868
 
 
 
(13,553
)
 
 
(32,236
)
 
 
1,994
 
 
 
30,012
 
Combined Subsidiary Guarantors
 
 
31,025
 
 
 
-
 
 
 
(1,868
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
29,157
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
13,553
 
 
 
-
 
 
 
-
 
 
 
13,553
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
32,236
 
 
 
-
 
 
 
32,236
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,994
)
 
 
(1,994
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
 
102,964
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
102,964
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
7,609
 
 
 
-
 
 
 
(50
)
 
 
1,111
 
 
 
(11,771
)
 
 
6,601
 
 
 
3,500
 
Combined Subsidiary Guarantors
 
 
6,193
 
 
 
-
 
 
 
50
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
6,243
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,111
)
 
 
-
 
 
 
-
 
 
 
(1,111
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
11,771
 
 
 
-
 
 
 
11,771
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(6,601
)
 
 
(6,601
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Operating Income
 
 
13,802
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
13,802
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(75,185
)
 
 
-
 
 
 
2,423
 
 
 
618
 
 
 
(8,737
)
 
 
1,639
 
 
 
(79,242
)
Combined Subsidiary Guarantors
 
 
5,930
 
 
 
-
 
 
 
(2,423
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,507
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(618
)
 
 
-
 
 
 
-
 
 
 
(618
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
8,737
 
 
 
-
 
 
 
8,737
 
Consolidation Adjustments
 
 
(5,930
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,639
)
 
 
(7,569
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Income (Loss)
 
 
(75,185
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(75,185
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Attributable to
Non-Controlling Interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
4,057
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(4,057
)
 
 
-
 
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,057
 
 
 
4,057
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Income Attributable to Non-Controlling Interests
 
 
4,057
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,057
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Income (Loss) Attributable
to Common Stockholders
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(79,242
)
 
 
-
 
 
 
2,423
 
 
 
618
 
 
 
(8,737
)
 
 
5,696
 
 
 
(79,242
)
Combined Subsidiary Guarantors
 
 
5,930
 
 
 
-
 
 
 
(2,423
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,507
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(618
)
 
 
-
 
 
 
-
 
 
 
(618
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
8,737
 
 
 
-
 
 
 
8,737
 
Consolidation Adjustments
 
 
(5,930
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,696
)
 
 
(11,626
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Income (Loss) Attributable to Common Stockholders
 
 
(79,242
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(79,242
)
Restatement to Statement of Comprehensive Income [Table Text Block]
Selected Statement of Comprehensive Income Data
For The Three Months Ended March 31, 2013
(in thousands)

 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Comprehensive Income Attributable to
Non-Controlling Interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
5,691
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,691
)
 
 
-
 
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,691
 
 
 
5,691
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Comprehensive Income Attributable to Non-Controlling Interests
 
 
5,691
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,691
 
  
Selected Statement of Comprehensive Income Data
For The Three Months Ended March 31, 2012
(in thousands)
  
 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Comprehensive Income Attributable to
Non-Controlling Interests
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
4,057
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(4,057
)
 
 
-
 
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,057
 
 
 
4,057
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Comprehensive Income Attributable to Non-Controlling Interests
 
 
4,057
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,057
 
Restatement to Statement of Cash Flows [Table Text Block]
Selected Statement of Cash Flows Data
For The Three Months Ended March 31, 2013
(in thousands)

 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Net Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
7,597
 
 
 
-
 
 
 
1,574
 
 
 
759
 
 
 
(7,410
)
 
 
3,123
 
 
 
5,643
 
Combined Subsidiary Guarantors
 
 
1,255
 
 
 
-
 
 
 
(5,574
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(4,319
)
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(759
)
 
 
-
 
 
 
-
 
 
 
(759
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
7,410
 
 
 
-
 
 
 
7,410
 
Consolidation Adjustments
 
 
(5,048
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(3,123
)
 
 
(8,171
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Cash Flows from Operating Activities
 
 
3,804
 
 
 
-
 
 
 
(4,000
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(196
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(8,596
)
 
 
-
 
 
 
-
 
 
 
57
 
 
 
1,425
 
 
 
5,048
 
 
 
(2,066
)
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
4,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,000
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(57
)
 
 
-
 
 
 
-
 
 
 
(57
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,425
)
 
 
-
 
 
 
(1,425
)
Consolidation Adjustments
 
 
5,048
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,048
)
 
 
-
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Cash Flows from Investing Activities
 
 
(3,548
)
 
 
-
 
 
 
4,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
452
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(11,085
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
16,000
 
 
 
(8,171
)
 
 
(3,256
)
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(16,000
)
 
 
-
 
 
 
(16,000
)
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
8,171
 
 
 
8,171
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Cash Flows from Financing Activities
 
 
(11,085
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(11,085
)
  
Selected Statement of Cash Flows Data
For The Three Months Ended March 31, 2012
(in thousands)

 
 
As Previously Reported
 
 
Change from Combined Subsidiary Guarantor to
Non-Guarantor
 
 
Change from Radio One, Inc. to Combined Subsidiary Guarantor
 
 
Change from Radio One, Inc. to Non-Wholly Owned Subsidiary Guarantor
 
 
Change from Radio One, Inc.
to Non-Guarantor
 
 
Consolidation
Adjustments
 
 
As Restated
 
Net Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
18,603
 
 
 
-
 
 
 
(102
)
 
 
(371
)
 
 
(7,724
)
 
 
(1,642
)
 
 
8,764
 
Combined Subsidiary Guarantors
 
 
(188
)
 
 
-
 
 
 
102
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(86
)
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
371
 
 
 
-
 
 
 
-
 
 
 
371
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
7,724
 
 
 
-
 
 
 
7,724
 
Consolidation Adjustments
 
 
(5,930
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,642
 
 
 
(4,288
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Cash Flows from Operating Activities
 
 
12,485
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
12,485
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(5,379
)
 
 
-
 
 
 
-
 
 
 
7
 
 
 
(3,275
)
 
 
5,930
 
 
 
(2,717
)
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(7
)
 
 
-
 
 
 
-
 
 
 
(7
)
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,275
 
 
 
-
 
 
 
3,275
 
Consolidation Adjustments
 
 
5,930
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,930
)
 
 
-
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Cash Flows from Investing Activities
 
 
551
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
551
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Radio One, Inc.
 
 
(5,091
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
8,401
 
 
 
(4,288
)
 
 
(978
)
Combined Subsidiary Guarantors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Wholly Owned Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-Guarantor Subsidiaries
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(8,401
)
 
 
-
 
 
 
(8,401
)
Consolidation Adjustments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,288
 
 
 
4,288
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Cash Flows from Financing Activities
 
 
(5,091
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,091
)
Schedule of Condensed Income Statement [Table Text Block]
CONSOLIDATING STATEMENT OF OPERATIONS
Three Months Ended March 31, 2013
  
 
 
 
 
 
Wholly-Owned
 
 
Non Wholly-
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio
One, Inc.
 
 
Guarantor
Subsidiaries
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Consolidation
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET REVENUE
 
$
24,647
 
 
$
30,476
 
 
$
9,541
 
 
$
35,991
 
 
$
(1,543
)
 
$
99,112
 
OPERATING EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Programming and technical
 
 
5,287
 
 
 
7,551
 
 
 
7,464
 
 
 
11,374
 
 
 
(1,203
)
 
 
30,473
 
Selling, general and administrative, including stock-based compensation
 
 
10,195
 
 
 
14,141
 
 
 
1,744
 
 
 
6,983
 
 
 
(340
)
 
 
32,723
 
Corporate selling, general and administrative, including stock-based compensation
 
 
5,929
 
 
 
-
 
 
 
1,139
 
 
 
2,409
 
 
 
-
 
 
 
9,477
 
Depreciation and amortization
 
 
1,138
 
 
 
1,481
 
 
 
288
 
 
 
184
 
 
 
6,449
 
 
 
9,540
 
Impairment of long-lived assets
 
 
-
 
 
 
1,370
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,370
 
Total operating expenses
 
 
22,549
 
 
 
24,543
 
 
 
10,635
 
 
 
20,950
 
 
 
4,906
 
 
 
83,583
 
Operating income (loss)
 
 
2,098
 
 
 
5,933
 
 
 
(1,094
)
 
 
15,041
 
 
 
(6,449
)
 
 
15,529
 
INTEREST INCOME
 
 
29
 
 
 
-
 
 
 
-
 
 
 
11
 
 
 
-
 
 
 
40
 
INTEREST EXPENSE
 
 
18,844
 
 
 
363
 
 
 
-
 
 
 
3,039
 
 
 
-
 
 
 
22,246
 
EQUITY IN INCOME (LOSS) OF SUBSIDIARIES
 
 
5,588
 
 
 
(930
)
 
 
-
 
 
 
-
 
 
 
(4,658
)
 
 
-
 
OTHER INCOME, net
 
 
30
 
 
 
10
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
40
 
(Loss) income before provision for (benefit from) income taxes, noncontrolling interests in income of subsidiaries and discontinued operations
 
 
(11,099
)
 
 
4,650
 
 
 
(1,094
)
 
 
12,013
 
 
 
(11,107
)
 
 
(6,637
)
PROVISION FOR (BENEFIT FROM) INCOME TAXES
 
 
7,007
 
 
 
-
 
 
 
(326
)
 
 
-
 
 
 
-
 
 
 
6,681
 
Net (Loss) income from continuing operations
 
 
(18,106
)
 
 
4,650
 
 
 
(768
)
 
 
12,013
 
 
 
(11,107
)
 
 
(13,318
)
INCOME FROM DISCONTINUED OPERATIONS, net of tax
 
 
-
 
 
 
903
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
903
 
CONSOLIDATED NET (LOSS) INCOME
 
 
(18,106
)
 
 
5,553
 
 
 
(768
)
 
 
12,013
 
 
 
(11,107
)
 
 
(12,415
)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,691
 
 
 
5,691
 
CONSOLIDATED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
 
$
(18,106
)
 
$
5,553
 
 
$
(768
)
 
$
12,013
 
 
$
(16,798
)
 
$
(18,106
)
 
CONSOLIDATING STATEMENT OF OPERATIONS
Three Months Ended March 31, 2012
  
 
 
 
 
 
Wholly-Owned
 
 
Non Wholly-
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio
One, Inc.
 
 
Guarantor
Subsidiaries
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Consolidation
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET REVENUE
 
$
30,012
 
 
$
29,157
 
 
$
13,553
 
 
$
32,236
 
 
$
(1,994
)
 
$
102,964
 
OPERATING EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Programming and technical
 
 
7,189
 
 
 
7,824
 
 
 
5,977
 
 
 
11,222
 
 
 
(1,100
)
 
 
31,112
 
Selling, general and administrative, including stock-based compensation
 
 
12,220
 
 
 
13,448
 
 
 
6,491
 
 
 
6,972
 
 
 
(359
)
 
 
38,772
 
Corporate selling, general and administrative, including stock-based compensation
 
 
6,109
 
 
 
-
 
 
 
1,895
 
 
 
2,124
 
 
 
(535
)
 
 
9,593
 
Depreciation and amortization
 
 
994
 
 
 
1,642
 
 
 
301
 
 
 
147
 
 
 
6,601
 
 
 
9,685
 
Total operating expenses
 
 
26,512
 
 
 
22,914
 
 
 
14,664
 
 
 
20,465
 
 
 
4,607
 
 
 
89,162
 
Operating income (loss)
 
 
3,500
 
 
 
6,243
 
 
 
(1,111
)
 
 
11,771
 
 
 
(6,601
)
 
 
13,802
 
INTEREST INCOME
 
 
14
 
 
 
-
 
 
 
2
 
 
 
6
 
 
 
-
 
 
 
22
 
INTEREST EXPENSE
 
 
20,459
 
 
 
249
 
 
 
-
 
 
 
3,039
 
 
 
-
 
 
 
23,747
 
EQUITY IN INCOME (LOSS) OF SUBSIDIARIES
 
 
3,440
 
 
 
(2,472
)
 
 
-
 
 
 
-
 
 
 
(968
)
 
 
-
 
OTHER INCOME (EXPENSE), net
 
 
8
 
 
 
-
 
 
 
-
 
 
 
(1
)
 
 
-
 
 
 
7
 
(Loss) income before provision for (benefit from) income taxes, noncontrolling interests in income of subsidiaries and discontinued operations
 
 
(13,497
)
 
 
3,522
 
 
 
(1,109
)
 
 
8,737
 
 
 
(7,569
)
 
 
(9,916
)
PROVISION FOR (BENEFIT FROM) INCOME TAXES
 
 
65,745
 
 
 
-
 
 
 
(491
)
 
 
-
 
 
 
-
 
 
 
65,254
 
Net (Loss) income from continuing operations
 
 
(79,242
)
 
 
3,522
 
 
 
(618
)
 
 
8,737
 
 
 
(7,569
)
 
 
(75,170
)
LOSS FROM DISCONTINUED OPERATIONS, net of tax
 
 
-
 
 
 
(15
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(15
)
CONSOLIDATED NET (LOSS) INCOME
 
 
(79,242
)
 
 
3,507
 
 
 
(618
)
 
 
8,737
 
 
 
(7,569
)
 
 
(75,185
)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,057
 
 
 
4,057
 
CONSOLIDATED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
 
$
(79,242
)
 
$
3,507
 
 
$
(618
)
 
$
8,737
 
 
$
(11,626
)
 
$
(79,242
)
Schedule of Comprehensive Income (Loss) [Table Text Block]
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Three Months Ended March 31, 2013
  
 
 
 
 
 
Wholly-Owned
 
 
Non Wholly-
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio
One, Inc.
 
 
Guarantor
Subsidiaries
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Consolidation
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED NET (LOSS) INCOME
 
$
(18,106
)
 
$
5,553
 
 
$
(768
)
 
$
12,013
 
 
$
(11,107
)
 
$
(12,415
)
NET CHANGE IN UNREALIZED LOSS ON INVESTMENT ACTIVITIES, NET OF TAX
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(20
)
 
 
-
 
 
 
(20
)
COMPREHENSIVE (LOSS) INCOME
 
 
(18,106
)
 
 
5,553
 
 
 
(768
)
 
 
11,993
 
 
 
(11,107
)
 
 
(12,435
)
LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,691
 
 
 
5,691
 
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
 
$
(18,106
)
 
$
5,553
 
 
$
(768
)
 
$
11,993
 
 
$
(16,798
)
 
$
(18,126
)
 
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Three Months Ended March 31, 2012
  
 
 
 
 
 
Wholly-Owned
 
 
Non Wholly-
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio
One, Inc.
 
 
Guarantor
Subsidiaries
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Consolidation
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED NET (LOSS) INCOME
 
$
(79,242
)
 
$
3,507
 
 
$
(618
)
 
$
8,737
 
 
$
(7,569
)
 
$
(75,185
)
NET CHANGE IN UNREALIZED LOSS ON INVESTMENT ACTIVITIES, NET OF TAX
 
 
-
 
 
 
-
 
 
 
-
 
 
 
97
 
 
 
-
 
 
 
97
 
COMPREHENSIVE (LOSS) INCOME
 
 
(79,242
)
 
 
3,507
 
 
 
(618
)
 
 
8,834
 
 
 
(7,569
)
 
 
(75,088
)
LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,057
 
 
 
4,057
 
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
 
$
(79,242
)
 
$
3,507
 
 
$
(618
)
 
$
8,834
 
 
$
(11,626
)
 
$
(79,145
)
Schedule of Condensed Balance Sheet [Table Text Block]
CONSOLIDATING BALANCE SHEETS
As of March 31, 2013
  
 
 
 
 
 
Wholly-Owned
 
 
Non-Wholly
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio One,
 
 
Guarantor
 
 
Guarantor
 
 
Non-Guarantor
 
 
Consolidation
 
 
 
 
 
 
Inc.
 
 
Subsidiaries
 
 
Subsidiaries
 
 
Subsidiaries
 
 
Adjustments
 
 
Consolidated
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
22,833
 
 
$
1,023
 
 
$
1,598
 
 
$
20,972
 
 
$
-
 
 
$
46,426
 
Short-term investments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,212
 
 
 
-
 
 
 
3,212
 
Trade accounts receivable, net of allowance for doubtful accounts
 
 
13,542
 
 
 
27,079
 
 
 
9,644
 
 
 
33,471
 
 
 
-
 
 
 
83,736
 
Prepaid expenses and other current assets
 
 
2,080
 
 
 
1,698
 
 
 
5,592
 
 
 
960
 
 
 
-
 
 
 
10,330
 
Current portion of content assets
 
 
-
 
 
 
-
 
 
 
-
 
 
 
28,770
 
 
 
-
 
 
 
28,770
 
Current assets from discontinued operations
 
 
125
 
 
 
(10
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
115
 
Total current assets
 
 
38,580
 
 
 
29,790
 
 
 
16,834
 
 
 
87,385
 
 
 
-
 
 
 
172,589
 
PROPERTY AND EQUIPMENT, net
 
 
17,820
 
 
 
14,746
 
 
 
460
 
 
 
1,721
 
 
 
43
 
 
 
34,790
 
INTANGIBLE ASSETS, net
 
 
319,747
 
 
 
460,599
 
 
 
16,005
 
 
 
20,012
 
 
 
374,302
 
 
 
1,190,665
 
CONTENT ASSETS, net
 
 
-
 
 
 
-
 
 
 
-
 
 
 
39,605
 
 
 
-
 
 
 
39,605
 
INVESTMENT IN SUBSIDIARIES
 
 
664,343
 
 
 
154,758
 
 
 
-
 
 
 
-
 
 
 
(819,101
)
 
 
-
 
OTHER ASSETS
 
 
1,870
 
 
 
180
 
 
 
3
 
 
 
1,682
 
 
 
(726
)
 
 
3,009
 
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS
 
 
-
 
 
 
1,402
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,402
 
Total assets
 
$
1,042,360
 
 
$
661,475
 
 
$
33,302
 
 
$
150,405
 
 
$
(445,482
)
 
$
1,442,060
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
789
 
 
$
1,505
 
 
$
941
 
 
$
3,298
 
 
$
-
 
 
$
6,533
 
Accrued interest
 
 
5,540
 
 
 
-
 
 
 
-
 
 
 
529
 
 
 
-
 
 
 
6,069
 
Accrued compensation and related benefits
 
 
4,772
 
 
 
1,677
 
 
 
632
 
 
 
1,885
 
 
 
-
 
 
 
8,966
 
Current portion of content payables
 
 
-
 
 
 
-
 
 
 
-
 
 
 
16,038
 
 
 
-
 
 
 
16,038
 
Other current liabilities
 
 
(668
)
 
 
3,897
 
 
 
8,913
 
 
 
5,083
 
 
 
-
 
 
 
17,225
 
Current portion of long-term debt
 
 
3,840
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,840
 
Current liabilities from discontinued operations
 
 
26
 
 
 
86
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
112
 
Total current liabilities
 
 
14,299
 
 
 
7,165
 
 
 
10,486
 
 
 
26,833
 
 
 
-
 
 
 
58,783
 
LONG-TERM DEBT, net of current portion and original issue discount
 
 
694,536
 
 
 
-
 
 
 
-
 
 
 
119,000
 
 
 
-
 
 
 
813,536
 
CONTENT PAYABLES, net of current portion
 
 
-
 
 
 
-
 
 
 
-
 
 
 
10,835
 
 
 
-
 
 
 
10,835
 
OTHER LONG-TERM LIABILITIES
 
 
15,070
 
 
 
824
 
 
 
100
 
 
 
2,803
 
 
 
(364
)
 
 
18,433
 
DEFERRED TAX LIABILITIES
 
 
194,610
 
 
 
-
 
 
 
243
 
 
 
-
 
 
 
-
 
 
 
194,853
 
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS
 
 
-
 
 
 
16
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
16
 
Total liabilities
 
 
918,515
 
 
 
8,005
 
 
 
10,829
 
 
 
159,471
 
 
 
(364
)
 
 
1,096,456
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REDEEMABLE NONCONTROLLING INTERESTS
 
 
-
 
 
 
-
 
 
 
13,012
 
 
 
-
 
 
 
-
 
 
 
13,012
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
18
 
 
 
(18
)
 
 
-
 
Common stock
 
 
49
 
 
 
-
 
 
 
10
 
 
 
18
 
 
 
(28
)
 
 
49
 
Accumulated other comprehensive income
 
 
(122
)
 
 
-
 
 
 
-
 
 
 
(26
)
 
 
26
 
 
 
(122
)
Additional paid-in capital
 
 
1,005,045
 
 
 
249,877
 
 
 
40,976
 
 
 
5,548
 
 
 
(296,401
)
 
 
1,005,045
 
Retained earnings (accumulated deficit)
 
 
(881,127
)
 
 
403,593
 
 
 
(31,525
)
 
 
(14,624
)
 
 
(357,444
)
 
 
(881,127
)
Total stockholders’ equity
 
 
123,845
 
 
 
653,470
 
 
 
9,461
 
 
 
(9,066
)
 
 
(653,865
)
 
 
123,845
 
Noncontrolling interest
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
208,747
 
 
 
208,747
 
Total Equity
 
 
123,845
 
 
 
653,470
 
 
 
9,461
 
 
 
(9,066
)
 
 
(445,118
)
 
 
332,592
 
Total liabilities, redeemable noncontrolling interests and equity
 
$
1,042,360
 
 
$
661,475
 
 
$
33,302
 
 
$
150,405
 
 
$
(445,482
)
 
$
1,442,060
 
 
CONSOLIDATING BALANCE SHEETS
As of December 31, 2012
  
 
 
 
 
 
Wholly-Owned
 
 
Non-Wholly
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio One,
 
 
Guarantor
 
 
Guarantor
 
 
Non-Guarantor
 
 
Consolidation
 
 
 
 
 
 
Inc.
 
 
Subsidiaries
 
 
Subsidiaries
 
 
Subsidiaries
 
 
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
22,512
 
 
$
1,342
 
 
$
2,414
 
 
$
30,987
 
 
$
-
 
 
$
57,255
 
Short-term investments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,597
 
 
 
-
 
 
 
1,597
 
Trade accounts receivable, net of allowance for doubtful accounts
 
 
18,494
 
 
 
27,468
 
 
 
6,788
 
 
 
29,162
 
 
 
-
 
 
 
81,912
 
Prepaid expenses and other current assets
 
 
1,707
 
 
 
834
 
 
 
3,593
 
 
 
976
 
 
 
-
 
 
 
7,110
 
Current portion of content assets
 
 
-
 
 
 
-
 
 
 
-
 
 
 
27,723
 
 
 
-
 
 
 
27,723
 
Current assets from discontinued operations
 
 
124
 
 
 
3
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
127
 
Total current assets
 
 
42,837
 
 
 
29,647
 
 
 
12,795
 
 
 
90,445
 
 
 
-
 
 
 
175,724
 
PROPERTY AND EQUIPMENT, net
 
 
18,035
 
 
 
14,867
 
 
 
469
 
 
 
1,807
 
 
 
104
 
 
 
35,282
 
INTANGIBLE ASSETS, net
 
 
320,682
 
 
 
462,399
 
 
 
16,225
 
 
 
22,501
 
 
 
380,755
 
 
 
1,202,562
 
CONTENT ASSETS, net
 
 
-
 
 
 
-
 
 
 
-
 
 
 
38,981
 
 
 
-
 
 
 
38,981
 
INVESTMENT IN SUBSIDIARIES
 
 
678,165
 
 
 
163,499
 
 
 
-
 
 
 
-
 
 
 
(841,664
)
 
 
-
 
OTHER ASSETS
 
 
2,095
 
 
 
231
 
 
 
3
 
 
 
1,541
 
 
 
(790
)
 
 
3,080
 
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS
 
 
-
 
 
 
4,566
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,566
 
Total assets
 
$
1,061,814
 
 
$
675,209
 
 
$
29,492
 
 
$
155,275
 
 
$
(461,595
)
 
$
1,460,195
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
1,222
 
 
$
1,825
 
 
$
314
 
 
$
2,049
 
 
$
-
 
 
$
5,410
 
Accrued interest
 
 
5,320
 
 
 
-
 
 
 
-
 
 
 
529
 
 
 
-
 
 
 
5,849
 
Accrued compensation and related benefits
 
 
6,708
 
 
 
1,760
 
 
 
925
 
 
 
1,772
 
 
 
-
 
 
 
11,165
 
Current portion of content payables
 
 
-
 
 
 
-
 
 
 
-
 
 
 
17,694
 
 
 
-
 
 
 
17,694
 
Other current liabilities
 
 
2,625
 
 
 
4,023
 
 
 
4,216
 
 
 
5,299
 
 
 
-
 
 
 
16,163
 
Current portion of long-term debt
 
 
4,587
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,587
 
Current liabilities from discontinued operations
 
 
13
 
 
 
94
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
107
 
Total current liabilities
 
 
20,475
 
 
 
7,702
 
 
 
5,455
 
 
 
27,343
 
 
 
-
 
 
 
60,975
 
LONG-TERM DEBT, net of current portion and original issue discount
 
 
695,131
 
 
 
-
 
 
 
-
 
 
 
119,000
 
 
 
-
 
 
 
814,131
 
CONTENT PAYABLES, net of current portion
 
 
-
 
 
 
-
 
 
 
-
 
 
 
11,163
 
 
 
-
 
 
 
11,163
 
OTHER LONG-TERM LIABILITIES
 
 
14,833
 
 
 
884
 
 
 
122
 
 
 
2,828
 
 
 
(364
)
 
 
18,303
 
DEFERRED TAX LIABILITIES
 
 
187,575
 
 
 
-
 
 
 
674
 
 
 
-
 
 
 
-
 
 
 
188,249
 
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS
 
 
-
 
 
 
23
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
23
 
Total liabilities
 
 
918,014
 
 
 
8,609
 
 
 
6,251
 
 
 
160,334
 
 
 
(364
)
 
 
1,092,844
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REDEEMABLE NONCONTROLLING INTERESTS
 
 
-
 
 
 
-
 
 
 
12,853
 
 
 
-
 
 
 
-
 
 
 
12,853
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
18
 
 
 
(18
)
 
 
-
 
Common stock
 
 
50
 
 
 
-
 
 
 
10
 
 
 
18
 
 
 
(28
)
 
 
50
 
Accumulated other comprehensive income
 
 
(102
)
 
 
-
 
 
 
-
 
 
 
(6
)
 
 
6
 
 
 
(102
)
Additional paid-in capital
 
 
1,006,873
 
 
 
268,560
 
 
 
41,135
 
 
 
21,548
 
 
 
(331,243
)
 
 
1,006,873
 
Retained earnings (accumulated deficit)
 
 
(863,021
)
 
 
398,040
 
 
 
(30,757
)
 
 
(26,637
)
 
 
(340,646
)
 
 
(863,021
)
Total stockholders’ equity
 
 
143,800
 
 
 
666,600
 
 
 
10,388
 
 
 
(5,059
)
 
 
(671,929
)
 
 
143,800
 
Noncontrolling interest
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
210,698
 
 
 
210,698
 
Total Equity
 
 
143,800
 
 
 
666,600
 
 
 
10,388
 
 
 
(5,059
)
 
 
(461,231
)
 
 
354,498
 
Total liabilities, redeemable noncontrolling interests and equity
 
$
1,061,814
 
 
$
675,209
 
 
$
29,492
 
 
$
155,275
 
 
$
(461,595
)
 
$
1,460,195
 
Schedule of Condensed Cash Flow Statement [Table Text Block]
CONSOLIDATING STATEMENT OF CASH FLOWS
Three Months Ended March 31, 2013
  
 
 
 
 
 
Wholly-Owned
 
 
Non Wholly-
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio
One, Inc.
 
 
Guarantor
Subsidiaries
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Consolidation
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES
 
$
5,643
 
 
$
(4,319
)
 
$
(759
)
 
$
7,410
 
 
$
(8,171
)
 
$
(196
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchase of property and equipment
 
 
(2,066
)
 
 
-
 
 
 
(57
)
 
 
(97
)
 
 
-
 
 
 
(2,220
)
Proceeds from sales of investment securities
 
 
-
 
 
 
-
 
 
 
-
 
 
 
503
 
 
 
-
 
 
 
503
 
Purchases of investment securities
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,831
)
 
 
-
 
 
 
(1,831
)
Proceeds from sale of discontinued operations
 
 
-
 
 
 
4,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,000
 
Net cash flows (used in) provided by investing activities
 
 
(2,066
)
 
 
4,000
 
 
 
(57
)
 
 
(1,425
)
 
 
-
 
 
 
452
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Repayment of credit facility
 
 
(960
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(960
)
Repurchase of common stock
 
 
(1,526
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,526
)
Repayment of senior subordinated notes
 
 
(747
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(747
)
Debt refinancing and modification costs
 
 
(23
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(23
)
Payment of dividends by TV One
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(16,000
)
 
 
8,171
 
 
 
(7,829
)
Net cash flows (used in) provided by financing activities
 
 
(3,256
)
 
 
-
 
 
 
-
 
 
 
(16,000
)
 
 
8,171
 
 
 
(11,085
)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
 
321
 
 
 
(319
)
 
 
(816
)
 
 
(10,015
)
 
 
-
 
 
 
(10,829
)
CASH AND CASH EQUIVALENTS, beginning of period
 
 
22,512
 
 
 
1,342
 
 
 
2,414
 
 
 
30,987
 
 
 
-
 
 
 
57,255
 
CASH AND CASH EQUIVALENTS, end of period
 
$
22,833
 
 
$
1,023
 
 
$
1,598
 
 
$
20,972
 
 
$
-
 
 
$
46,426
 
 
CONSOLIDATING STATEMENT OF CASH FLOWS
Three Months Ended March 31, 2012 
 
 
 
 
 
 
Wholly-Owned
 
 
Non Wholly-
Owned
 
 
 
 
 
 
 
 
 
 
 
 
Radio
One, Inc.
 
 
Guarantor
Subsidiaries
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Consolidation
Adjustments
 
 
Consolidated
 
 
 
Unaudited
 
 
 
(In thousands)
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES
 
$
8,764
 
 
$
(86
)
 
$
371
 
 
$
7,724
 
 
$
(4,288
)
 
$
12,485
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchase of property and equipment
 
 
(2,717
)
 
 
-
 
 
 
(7
)
 
 
(236
)
 
 
-
 
 
 
(2,960
)
Proceeds from sales of investment securities
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,859
 
 
 
-
 
 
 
3,859
 
Purchases of investment securities
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(348
)
 
 
-
 
 
 
(348
)
Net cash flows (used in) provided by investing activities
 
 
(2,717
)
 
 
-
 
 
 
(7
)
 
 
3,275
 
 
 
-
 
 
 
551
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Repayment of credit facility
 
 
(965
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(965
)
Debt refinancing and modification costs
 
 
(13
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(13
)
Payment of dividends by TV One
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(8,401
)
 
 
4,288
 
 
 
(4,113
)
Net cash flows (used in) provided by financing activities
 
 
(978
)
 
 
-
 
 
 
-
 
 
 
(8,401
)
 
 
4,288
 
 
 
(5,091
)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
 
5,069
 
 
 
(86
)
 
 
364
 
 
 
2,598
 
 
 
-
 
 
 
7,945
 
CASH AND CASH EQUIVALENTS, beginning of period
 
 
19,361
 
 
 
33
 
 
 
1,683
 
 
 
14,862
 
 
 
-
 
 
 
35,939
 
CASH AND CASH EQUIVALENTS, end of period
 
$
24,430
 
 
$
(53
)
 
$
2,047
 
 
$
17,460
 
 
$
-
 
 
$
43,884