DISPOSITION OF ASSETS AND DISCONTINUED OPERATIONS:

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

3.  DISPOSITION OF ASSETS AND DISCONTINUED OPERATIONS:

Columbus: In November 2012, our Columbus, Ohio radio station operating under the call letters WJKR was made the subject of an LMA. On February 15, 2013, the Company closed on the previously announced sale of the assets of one of its Columbus, Ohio radio stations, WJKR-FM (The Jack, 98.9 FM), to Salem Media of Ohio, Inc., a subsidiary of Salem Communications (“Salem”).  The Company sold the assets of WJKR for $4.0 million and recognized a gain on the sale of $893,000 during the year ended December 31, 2013. The remaining assets and liabilities of the Columbus station have been classified as discontinued operations as of December 31, 2013, and the results from operations of this station for the years ended December 31, 2013 and 2012, have been classified 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:

	For the Years Ended
	December 31,
	2014		2013		2012
	(In thousands)
Net revenue	$	—	$	—	$	260
Operating expenses		—		—		(444)
Gain on sale of assets		—		885		—
Income (loss) before income taxes		—		885		(184)
Income (loss) from discontinued operations, net of tax	$	—	$	885	$	(184)