CONDENSED CONSOLIDATING FINANCIAL STATEMENTS: (Details 5) (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Dec. 31, 2011
|
ASSETS |
|
|
|
|
Cash and cash equivalents |
$ 48,317 |
$ 57,255 |
$ 48,660 |
$ 35,939 |
Short-term investments |
3,193 |
1,597 |
|
|
Trade accounts receivable, net of allowance for doubtful accounts |
97,543 |
81,983 |
|
|
Prepaid expenses and other current assets |
7,271 |
7,093 |
|
|
Current portion of content assets |
28,057 |
27,723 |
|
|
Current assets from discontinued operations |
41 |
73 |
|
|
Total current assets |
184,422 |
175,724 |
|
|
PROPERTY AND EQUIPMENT, net |
34,845 |
35,282 |
|
|
INTANGIBLE ASSETS, net |
1,157,126 |
1,202,562 |
|
|
CONTENT ASSETS, net |
39,981 |
38,981 |
|
|
INVESTMENT IN SUBSIDIARIES |
0 |
0 |
|
|
OTHER ASSETS |
3,633 |
4,470 |
|
|
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS |
24 |
3,176 |
|
|
Total assets |
1,420,031 |
1,460,195 |
|
|
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY |
|
|
|
|
Accounts payable |
8,111 |
5,431 |
|
|
Accrued interest |
5,831 |
5,849 |
|
|
Accrued compensation and related benefits |
10,784 |
11,165 |
|
|
Current portion of content payables |
15,823 |
17,694 |
|
|
Other current liabilities |
14,278 |
16,167 |
|
|
Current portion of long-term debt |
3,840 |
4,587 |
|
|
Current liabilities from discontinued operations |
103 |
82 |
|
|
Total current liabilities |
58,770 |
60,975 |
|
|
LONG-TERM DEBT, net of current portion and original issue discount |
812,368 |
814,131 |
|
|
CONTENT PAYABLES, net of current portion |
8,473 |
11,163 |
|
|
OTHER LONG-TERM LIABILITIES |
19,230 |
18,322 |
|
|
DEFERRED TAX LIABILITIES |
206,874 |
188,249 |
|
|
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS |
0 |
4 |
|
|
Total liabilities |
1,105,715 |
1,092,844 |
|
|
REDEEMABLE NONCONTROLLING INTEREST |
12,646 |
12,853 |
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
Preferred stock |
0 |
0 |
|
|
Common stock |
48 |
50 |
|
|
Accumulated other comprehensive income |
(215) |
(102) |
|
|
Additional paid-in capital |
1,002,211 |
1,006,873 |
|
|
Retained earnings (accumulated deficit) |
(908,562) |
(863,021) |
|
|
Total stockholders’ equity |
93,482 |
143,800 |
|
|
Noncontrolling interest |
208,188 |
210,698 |
|
|
Total Equity |
301,670 |
354,498 |
|
|
Total liabilities, redeemable noncontrolling interests and equity |
1,420,031 |
1,460,195 |
|
|
Radio One, Inc. [Member]
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and cash equivalents |
24,199 |
22,512 |
23,153 |
19,361 |
Short-term investments |
0 |
0 |
|
|
Trade accounts receivable, net of allowance for doubtful accounts |
17,127 |
18,494 |
|
|
Prepaid expenses and other current assets |
7,166 |
1,707 |
|
|
Current portion of content assets |
0 |
0 |
|
|
Current assets from discontinued operations |
124 |
124 |
|
|
Total current assets |
48,616 |
42,837 |
|
|
PROPERTY AND EQUIPMENT, net |
17,315 |
18,035 |
|
|
INTANGIBLE ASSETS, net |
308,867 |
319,481 |
|
|
CONTENT ASSETS, net |
0 |
0 |
|
|
INVESTMENT IN SUBSIDIARIES |
653,350 |
678,165 |
|
|
OTHER ASSETS |
2,254 |
3,296 |
|
|
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total assets |
1,030,402 |
1,061,814 |
|
|
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY |
|
|
|
|
Accounts payable |
867 |
1,222 |
|
|
Accrued interest |
5,302 |
5,320 |
|
|
Accrued compensation and related benefits |
5,057 |
6,708 |
|
|
Current portion of content payables |
0 |
0 |
|
|
Other current liabilities |
5,997 |
2,615 |
|
|
Current portion of long-term debt |
3,840 |
4,587 |
|
|
Current liabilities from discontinued operations |
37 |
23 |
|
|
Total current liabilities |
21,100 |
20,475 |
|
|
LONG-TERM DEBT, net of current portion and original issue discount |
693,368 |
695,131 |
|
|
CONTENT PAYABLES, net of current portion |
0 |
0 |
|
|
OTHER LONG-TERM LIABILITIES |
16,070 |
14,833 |
|
|
DEFERRED TAX LIABILITIES |
206,382 |
187,575 |
|
|
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total liabilities |
936,920 |
918,014 |
|
|
REDEEMABLE NONCONTROLLING INTEREST |
0 |
0 |
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
Preferred stock |
0 |
0 |
|
|
Common stock |
48 |
50 |
|
|
Accumulated other comprehensive income |
(215) |
(102) |
|
|
Additional paid-in capital |
1,002,211 |
1,006,873 |
|
|
Retained earnings (accumulated deficit) |
(908,562) |
(863,021) |
|
|
Total stockholders’ equity |
93,482 |
143,800 |
|
|
Noncontrolling interest |
0 |
0 |
|
|
Total Equity |
93,482 |
143,800 |
|
|
Total liabilities, redeemable noncontrolling interests and equity |
1,030,402 |
1,061,814 |
|
|
Wholly-Owned Guarantor Subsidiaries [Member]
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and cash equivalents |
592 |
1,342 |
1,437 |
33 |
Short-term investments |
0 |
0 |
|
|
Trade accounts receivable, net of allowance for doubtful accounts |
32,561 |
27,539 |
|
|
Prepaid expenses and other current assets |
1,190 |
817 |
|
|
Current portion of content assets |
0 |
0 |
|
|
Current assets from discontinued operations |
(83) |
(51) |
|
|
Total current assets |
34,260 |
29,647 |
|
|
PROPERTY AND EQUIPMENT, net |
15,632 |
14,867 |
|
|
INTANGIBLE ASSETS, net |
456,263 |
463,600 |
|
|
CONTENT ASSETS, net |
0 |
0 |
|
|
INVESTMENT IN SUBSIDIARIES |
140,971 |
163,499 |
|
|
OTHER ASSETS |
68 |
420 |
|
|
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS |
24 |
3,176 |
|
|
Total assets |
647,218 |
675,209 |
|
|
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY |
|
|
|
|
Accounts payable |
3,144 |
1,846 |
|
|
Accrued interest |
0 |
0 |
|
|
Accrued compensation and related benefits |
1,739 |
1,760 |
|
|
Current portion of content payables |
0 |
0 |
|
|
Other current liabilities |
3,781 |
4,037 |
|
|
Current portion of long-term debt |
0 |
0 |
|
|
Current liabilities from discontinued operations |
66 |
59 |
|
|
Total current liabilities |
8,730 |
7,702 |
|
|
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 |
791 |
903 |
|
|
DEFERRED TAX LIABILITIES |
0 |
0 |
|
|
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS |
0 |
4 |
|
|
Total liabilities |
9,521 |
8,609 |
|
|
REDEEMABLE NONCONTROLLING INTEREST |
0 |
0 |
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
Preferred stock |
0 |
0 |
|
|
Common stock |
0 |
0 |
|
|
Accumulated other comprehensive income |
0 |
0 |
|
|
Additional paid-in capital |
216,160 |
268,560 |
|
|
Retained earnings (accumulated deficit) |
421,537 |
398,040 |
|
|
Total stockholders’ equity |
637,697 |
666,600 |
|
|
Noncontrolling interest |
0 |
0 |
|
|
Total Equity |
637,697 |
666,600 |
|
|
Total liabilities, redeemable noncontrolling interests and equity |
647,218 |
675,209 |
|
|
Non Wholly-Owned Guarantor Subsidiaries [Member]
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and cash equivalents |
4,840 |
2,414 |
1,874 |
1,683 |
Short-term investments |
0 |
0 |
|
|
Trade accounts receivable, net of allowance for doubtful accounts |
9,500 |
4,088 |
|
|
Prepaid expenses and other current assets |
3,600 |
3,593 |
|
|
Current portion of content assets |
0 |
0 |
|
|
Current assets from discontinued operations |
0 |
0 |
|
|
Total current assets |
20,216 |
12,795 |
|
|
PROPERTY AND EQUIPMENT, net |
382 |
469 |
|
|
INTANGIBLE ASSETS, net |
15,564 |
16,225 |
|
|
CONTENT ASSETS, net |
0 |
0 |
|
|
INVESTMENT IN SUBSIDIARIES |
0 |
0 |
|
|
OTHER ASSETS |
904 |
3 |
|
|
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total assets |
37,066 |
29,492 |
|
|
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY |
|
|
|
|
Accounts payable |
2,082 |
314 |
|
|
Accrued interest |
0 |
0 |
|
|
Accrued compensation and related benefits |
1,152 |
925 |
|
|
Current portion of content payables |
0 |
0 |
|
|
Other current liabilities |
164 |
73 |
|
|
Current portion of long-term debt |
0 |
0 |
|
|
Current liabilities from discontinued operations |
0 |
0 |
|
|
Total current liabilities |
10,053 |
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 |
58 |
122 |
|
|
DEFERRED TAX LIABILITIES |
492 |
674 |
|
|
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total liabilities |
10,603 |
6,251 |
|
|
REDEEMABLE NONCONTROLLING INTEREST |
12,646 |
12,853 |
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
Preferred stock |
0 |
0 |
|
|
Common stock |
0 |
0 |
|
|
Accumulated other comprehensive income |
0 |
0 |
|
|
Additional paid-in capital |
42,733 |
41,135 |
|
|
Retained earnings (accumulated deficit) |
(28,926) |
(30,757) |
|
|
Total stockholders’ equity |
13,817 |
10,388 |
|
|
Noncontrolling interest |
0 |
0 |
|
|
Total Equity |
13,817 |
10,388 |
|
|
Total liabilities, redeemable noncontrolling interests and equity |
37,066 |
29,492 |
|
|
Non-Guarantor Subsidiaries [Member]
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and cash equivalents |
18,686 |
30,987 |
22,196 |
14,862 |
Short-term investments |
3,193 |
1,597 |
|
|
Trade accounts receivable, net of allowance for doubtful accounts |
36,079 |
29,162 |
|
|
Prepaid expenses and other current assets |
756 |
976 |
|
|
Current portion of content assets |
28,057 |
27,723 |
|
|
Current assets from discontinued operations |
0 |
0 |
|
|
Total current assets |
86,771 |
90,445 |
|
|
PROPERTY AND EQUIPMENT, net |
1,495 |
1,807 |
|
|
INTANGIBLE ASSETS, net |
15,033 |
22,501 |
|
|
CONTENT ASSETS, net |
39,981 |
38,981 |
|
|
INVESTMENT IN SUBSIDIARIES |
0 |
0 |
|
|
OTHER ASSETS |
1,004 |
1,541 |
|
|
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total assets |
144,284 |
155,275 |
|
|
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY |
|
|
|
|
Accounts payable |
2,018 |
2,049 |
|
|
Accrued interest |
529 |
529 |
|
|
Accrued compensation and related benefits |
2,836 |
1,772 |
|
|
Current portion of content payables |
15,823 |
17,694 |
|
|
Other current liabilities |
3,122 |
5,299 |
|
|
Current portion of long-term debt |
0 |
0 |
|
|
Current liabilities from discontinued operations |
0 |
0 |
|
|
Total current liabilities |
24,328 |
27,343 |
|
|
LONG-TERM DEBT, net of current portion and original issue discount |
119,000 |
119,000 |
|
|
CONTENT PAYABLES, net of current portion |
8,473 |
11,163 |
|
|
OTHER LONG-TERM LIABILITIES |
2,675 |
2,828 |
|
|
DEFERRED TAX LIABILITIES |
0 |
0 |
|
|
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total liabilities |
154,476 |
160,334 |
|
|
REDEEMABLE NONCONTROLLING INTEREST |
0 |
0 |
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
Preferred stock |
18 |
18 |
|
|
Common stock |
18 |
18 |
|
|
Accumulated other comprehensive income |
(119) |
(6) |
|
|
Additional paid-in capital |
(14,680) |
21,548 |
|
|
Retained earnings (accumulated deficit) |
4,571 |
(26,637) |
|
|
Total stockholders’ equity |
(10,192) |
(5,059) |
|
|
Noncontrolling interest |
0 |
0 |
|
|
Total Equity |
(10,192) |
(5,059) |
|
|
Total liabilities, redeemable noncontrolling interests and equity |
144,284 |
155,275 |
|
|
Consolidation Adjustments [Member]
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and cash equivalents |
0 |
0 |
0 |
0 |
Short-term investments |
0 |
0 |
|
|
Trade accounts receivable, net of allowance for doubtful accounts |
0 |
0 |
|
|
Prepaid expenses and other current assets |
(5,441) |
0 |
|
|
Current portion of content assets |
0 |
0 |
|
|
Current assets from discontinued operations |
0 |
0 |
|
|
Total current assets |
(5,441) |
0 |
|
|
PROPERTY AND EQUIPMENT, net |
21 |
104 |
|
|
INTANGIBLE ASSETS, net |
361,399 |
380,755 |
|
|
CONTENT ASSETS, net |
0 |
0 |
|
|
INVESTMENT IN SUBSIDIARIES |
(794,321) |
(841,664) |
|
|
OTHER ASSETS |
(597) |
(790) |
|
|
NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total assets |
(438,939) |
(461,595) |
|
|
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY |
|
|
|
|
Accounts payable |
0 |
0 |
|
|
Accrued interest |
0 |
0 |
|
|
Accrued compensation and related benefits |
0 |
0 |
|
|
Current portion of content payables |
0 |
0 |
|
|
Other current liabilities |
(5,441) |
0 |
|
|
Current portion of long-term debt |
0 |
0 |
|
|
Current liabilities from discontinued operations |
0 |
0 |
|
|
Total current liabilities |
(5,441) |
0 |
|
|
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 |
(364) |
(364) |
|
|
DEFERRED TAX LIABILITIES |
0 |
0 |
|
|
NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS |
0 |
0 |
|
|
Total liabilities |
(5,805) |
(364) |
|
|
REDEEMABLE NONCONTROLLING INTEREST |
0 |
0 |
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
Preferred stock |
(18) |
(18) |
|
|
Common stock |
(28) |
(28) |
|
|
Accumulated other comprehensive income |
119 |
6 |
|
|
Additional paid-in capital |
(244,213) |
(331,243) |
|
|
Retained earnings (accumulated deficit) |
(397,182) |
(340,646) |
|
|
Total stockholders’ equity |
(641,322) |
(671,929) |
|
|
Noncontrolling interest |
208,188 |
210,698 |
|
|
Total Equity |
(433,134) |
(461,231) |
|
|
Total liabilities, redeemable noncontrolling interests and equity |
$ (438,939) |
$ (461,595) |
|
|