XML 94 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 46,426 $ 57,255
Short-term investments 3,212 1,597
Trade accounts receivable, net of allowance for doubtful accounts 83,736 81,912
Prepaid expenses and other current assets 7,440 5,059
Current portion of content assets 28,770 27,723
Other current assets 2,890 2,051
Current assets from discontinued operations 115 127
Total current assets 172,589 175,724
CONTENT ASSETS, net 39,605 38,981
PROPERTY AND EQUIPMENT, net 34,790 35,282
GOODWILL 272,037 272,037
RADIO BROADCASTING LICENSES 672,624 673,994
LAUNCH ASSETS, net 20,039 22,530
OTHER INTANGIBLE ASSETS, net 225,965 234,001
LONG-TERM INVESTMENTS 68 97
OTHER ASSETS 2,941 2,983
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS 1,402 4,566
Total assets 1,442,060 1,460,195
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY    
Accounts payable 6,533 5,410
Accrued interest 6,069 5,849
Accrued compensation and related benefits 8,966 11,165
Current portion of content payables 16,038 17,694
Other current liabilities 17,225 16,163
Current portion of long-term debt 3,840 4,587
Current liabilities from discontinued operations 112 107
Total current liabilities 58,783 60,975
LONG-TERM DEBT, net of current portion and original issue discount 813,536 814,131
CONTENT PAYABLES, net of current portion 10,835 11,163
OTHER LONG-TERM LIABILITIES 18,433 18,303
DEFERRED TAX LIABILITIES 194,853 188,249
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS 16 23
Total liabilities 1,096,456 1,092,844
REDEEMABLE NONCONTROLLING INTEREST 13,012 12,853
STOCKHOLDERS' EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2013 and December 31, 2012, respectively 0 0
Common stock value 49 50
Accumulated other comprehensive loss (122) (102)
Additional paid-in capital 1,005,045 1,006,873
Accumulated deficit (881,127) (863,021)
Total stockholders' equity 123,845 143,800
Noncontrolling interest 208,747 210,698
Total equity 332,592 354,498
Total liabilities, redeemable noncontrolling interest and equity 1,442,060 1,460,195
REACH MEDIA, INC [Member]
   
ASSETS    
Cash and cash equivalents 1,598 2,414
Short-term investments 0 0
Trade accounts receivable, net of allowance for doubtful accounts 5,243 4,088
Due from related parties 4,401 2,700
Prepaid expenses and other current assets 5,592 3,593
Current portion of content assets 0 0
Current assets from discontinued operations 0 0
Total current assets 16,834 12,795
CONTENT ASSETS, net 0 0
PROPERTY AND EQUIPMENT, net 460 469
GOODWILL 14,354 14,354
OTHER INTANGIBLE ASSETS, net 1,651 1,871
OTHER ASSETS 3 3
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS 0 0
Total assets 33,302 29,492
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY    
Accounts payable 941 314
Accrued interest 0 0
Accrued compensation and related benefits 632 925
Due to related parties 4,535 1,279
Deferred income 4,262 2,864
Current portion of content payables 0 0
Other current liabilities 116 73
Current portion of long-term debt 0 0
Current liabilities from discontinued operations 0 0
Total current liabilities 10,486 5,455
LONG-TERM DEBT, net of current portion and original issue discount 0 0
CONTENT PAYABLES, net of current portion 0 0
OTHER LONG-TERM LIABILITIES 100 122
DEFERRED TAX LIABILITIES 243 674
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS 0 0
Total liabilities 10,829 6,251
REDEEMABLE NONCONTROLLING INTEREST 13,012 12,853
STOCKHOLDERS' EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2013 and December 31, 2012, respectively 0 0
Common stock value 10 10
Accumulated other comprehensive loss 0 0
Additional paid-in capital 40,976 41,135
Accumulated deficit (31,525) (30,757)
Total stockholders' equity 9,461 10,388
Noncontrolling interest 0 0
Total equity 9,461 10,388
Total liabilities, redeemable noncontrolling interest and equity 33,302 29,492
REACH MEDIA, INC [Member] | Common Stock [Member]
   
STOCKHOLDERS' EQUITY:    
Common stock value 0 0
Total equity 0 0
Common Class A [Member]
   
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Class B [Member]
   
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Class C [Member]
   
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Class D [Member]
   
STOCKHOLDERS' EQUITY:    
Common stock value 40 41
Nonvoting Common Stock [Member] | REACH MEDIA, INC [Member]
   
STOCKHOLDERS' EQUITY:    
Common stock value 10 10
Total equity $ 10 $ 10