ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the calculation of basic and diluted earnings per share from continuing operations (in thousands, except share and per share data):

	Three Months Ended March 31,
	2015		2014
	(Unaudited)
Numerator:
Net loss attributable to common stockholders	$	(18,489)	$	(25,183)
Denominator:
Denominator for basic net loss per share - weighted-average outstanding shares		47,608,038		47,441,175
Effect of dilutive securities:
Stock options and restricted stock		–		–
Denominator for diluted net loss per share - weighted-average outstanding shares		47,608,038		47,441,175

Net loss attributable to common stockholders per share –basic and diluted	$	(0.39)	$	(0.53)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

All stock options and unvested restricted stock awards were excluded from the diluted calculation for the three months ended March 31, 2015 and 2014, as their inclusion would have been anti-dilutive. The following table summarizes the potential common shares excluded from the diluted calculation.

	Three Months Ended March 31,
	2015	2014
	(Unaudited)
	(In thousands)

Stock options	3,725	4,300
Restricted stock awards	2,535	130

Fair Value, by Balance Sheet Grouping [Table Text Block]

As of March 31, 2015, and December 31, 2014, the fair values of our financial assets and liabilities measured at fair value on a recurring basis categorized as follows:

	Total		Level 1		Level 2		Level 3
	(Unaudited)
	(In thousands)
As of March 31, 2015
Assets subject to fair value measurement:
Corporate debt securities (a)	$	593	$	593	$	—	$	—
Total	$	593	$	593	$	—	$	—

Liabilities subject to fair value measurement:
Incentive award plan (b)	$	1,044	$	—	$	—	$	1,044
Employment agreement award (c)		18,361		—		—		18,361
Total	$	19,405	$	—	$	—	$	19,405

Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests (d)	$	11,669	$	—	$	—	$	11,669

As of December 31, 2014
Assets subject to fair value measurement:
Corporate debt securities (a)	$	805	$	805	$	—	$	—
Government sponsored enterprise mortgage-backed securities (a)		102		—		102		—
Mutual funds (a)		2,004		2,004		—		—
Total	$	2,911	$	2,809	$	102	$	—

Liabilities subject to fair value measurement:
Incentive award plan (b)	$	1,044	$	—	$	—	$	1,044
Employment agreement award (c)		17,993		—		—		17,993
Total	$	19,037	$	—	$	—	$	19,037

Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests (d)	$	10,836	$	—	$	—	$	10,836

(a) Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.

(b) These balances are measured based on the estimated enterprise fair value of TV One as determined by a combination of a discounted cash flow analysis and the value used in connection with the Comcast Buyout (as defined in Note 10 – Subsequent Events). Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. A third-party valuation firm assisted the Company in estimating TV One’s fair value using the discounted cash flow analysis.

(c) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate investment in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One (based on the estimated enterprise fair value of TV One as determined by a combination of a discounted cash flow analysis and the value used in connection with the Comcast Buyout, as defined in Note 10 – Subsequent Events) and an assessment of the probability that the employment agreement will be renewed and contain this provision. There are probability factors included in the calculation of the award related to the likelihood that the award will be realized. The Company’s obligation to pay the award will be triggered only after the Company’s recovery of the aggregate amount of its capital contribution in TV One and only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company or is terminated for cause. A third-party valuation firm assisted the Company in estimating TV One’s fair value using the discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. As noted in our current report on Form 8-K filed October 6, 2014, the Compensation Committee of the Board of Directors of the Company has approved terms for a new employment agreement with the CEO, including a renewal of the TV One Award upon similar terms as in the prior Employment Agreement. While a new employment agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee.

(d) The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the three months ended March 31, 2015 and 2014, respectively:

	Incentive Award Plan		Employment Agreement Award		Redeemable Noncontrolling Interests
	(In thousands)

Balance at December 31, 2014	$	1,044	$	17,993	$	10,836
Net income attributable to noncontrolling interests		—		—		386
Change in fair value		—		368		447
Balance at March 31, 2015	$	1,044	$	18,361	$	11,669

The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date	$	—	$	(368)	$	—

	Incentive Award Plan		Employment Agreement Award		Redeemable Noncontrolling Interests
	(In thousands)

Balance at December 31, 2013	$	2,114	$	13,688	$	11,999
Net income attributable to noncontrolling interests		—		—		10
Change in fair value		106		953		(554)
Balance at March 31, 2014	$	2,220	$	14,641	$	11,455

The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date	$	(106)	$	(953)	$	—

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows:

			As of March 31, 2015		As of December 31, 2014		As of March 31, 2014

Level 3 liabilities	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value

Incentive award plan	Discounted Cash Flow	Discount Rate	10.4	%	10.4	%	10.7	%
Incentive award plan	Discounted Cash Flow	Long-term Growth Rate	3.0	%	3.0	%	3.0	%
Employment agreement award	Discounted Cash Flow	Discount Rate	10.4	%	10.4	%	10.7	%
Employment agreement award	Discounted Cash Flow	Long-term Growth Rate	3.0	%	3.0	%	3.0	%
Redeemable noncontrolling interest	Discounted Cash Flow	Discount Rate	11.5	%	12.0	%	13.0	%
Redeemable noncontrolling interest	Discounted Cash Flow	Long-term Growth Rate	1.5	%	1.5	%	1.5	%

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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