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DISCONTINUED OPERATIONS:
9 Months Ended
Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
3.  DISCONTINUED OPERATIONS:
 
As of November 2012, our Columbus, Ohio radio station operating under the call letters WJKR was made the subject of an LMA and was subsequently sold on February 15, 2013. The remaining assets and liabilities of the Columbus station have been reclassified as discontinued operations as of September 30, 2013, and December 31, 2012 and results from operations for this station for the three months and nine months ended September 30, 2013 and 2012, have been reclassified as discontinued operations in the accompanying consolidated financial statements.
 
The following table summarizes the operating results for the station sold and is classified as discontinued operations for all periods presented:
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
 
$
 
$
57
 
$
 
$
222
 
Station operating expenses
 
 
 
 
 
48
 
 
 
 
143
 
Depreciation and amortization
 
 
 
 
 
49
 
 
 
 
135
 
Gain on sale of assets
 
 
 
 
 
 
 
893
 
 
 
Income (loss) from discontinued operations, net of tax
 
 
$
 
$
(40)
 
$
893
 
$
(56)
 
  
The assets and liabilities of the station classified as discontinued operations in the accompanying consolidated balance sheets consisted of the following: 
 
 
 
As of
 
 
 
September 30,
 
December 31,
 
 
 
2013
 
2012
 
 
 
(Unaudited)
 
 
 
 
 
 
(In thousands)
 
Currents assets:
 
 
 
 
 
 
 
Accounts receivable, net of allowance for doubtful accounts
 
$
41
 
$
73
 
Total current assets
 
 
41
 
 
73
 
Intangible assets, net
 
 
 
 
3,100
 
Property and equipment, net
 
 
24
 
 
76
 
Total assets
 
$
65
 
$
3,249
 
Current liabilities:
 
 
 
 
 
 
 
Other current liabilities
 
$
103
 
$
82
 
Total current liabilities
 
 
103
 
 
82
 
Long-term liabilities
 
 
 
 
4
 
Total liabilities
 
$
103
 
$
86