ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(Unaudited)
	(In Thousands)
Numerator:
Net loss attributable to common stockholders	$	(13,039)	$	(10,816)	$	(31,528)	$	(35,999)
Denominator:
Denominator for basic net loss per share - weighted average outstanding shares		48,062,991		47,465,653		47,840,082		47,453,414
Effect of dilutive securities:
Stock options and restricted stock		—		—		—		—
Denominator for diluted net loss per share - weighted-average outstanding shares		48,062,991		47,465,653		47,840,082		47,453,414

Net loss attributable to common stockholders per share – basic and diluted	$	(0.27)	$	(0.23)	$	(0.66)	$	(0.76)

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

All stock options and restricted stock awards were excluded from the diluted calculation for the three and six months ended June 30, 2015 and 2014, respectively, as their inclusion would have been anti-dilutive. The following table summarizes the potential common shares excluded from the diluted calculation.

	Three Months Ended		Six Months Ended		Three Months Ended		Six Months Ended
	June 30, 2015		June 30, 2015		June 30, 2014		June 30, 2014
	(Unaudited)
	(In Thousands)

Stock options		3,367		3,367		4,183		4,183
Restricted stock awards		1,861		2,228		177		181

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

As of June 30, 2015, and December 31, 2014, respectively, the fair values of our financial assets and liabilities are categorized as follows:

	Total		Level 1		Level 2		Level 3
	(Unaudited)
	(In thousands)
As of June 30, 2015
Liabilities subject to fair value measurement:
Incentive award plan (a)	$	1,044	$	—	$	—	$	1,044
Employment agreement award (b)		19,455		—		—		19,455
Total	$	20,499	$	—	$	—	$	20,499

Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests (c)	$	11,223	$	—	$	—	$	11,223

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

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

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

(a) 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 2 – Acquisitions and Dispositions). 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.

(b) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award (the “Employment Agreement 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 2 – Acquisitions and Dispositions), and an assessment of the probability that the Employment Agreement will be renewed and contain the award. 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 Employment Agreement 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.

(c) 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.

(d) 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.

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 six months ended June 30, 2015 and 2014:

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

Balance at December 31, 2014	$	1,044	$	17,993	$	10,836
Net income attributable to noncontrolling interests		—		—		778
Change in fair value		—		1,462		(391)
Balance at June 30, 2015	$	1,044	$	19,455	$	11,223

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	$	—	$	(1,462)	$	—

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

Balance at December 31, 2013	$	2,114	$	13,688	$	11,999
Distribution		(1,370)		—		—
Net loss attributable to noncontrolling interests		—		—		(54)
Change in fair value		188		1,503		(897)
Balance at June 30, 2014	$	932	$	15,191	$	11,048

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	$	(188)	$	(1,503)	$	—

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
			As of June 30,			December 31,			As of June
			2015			2014			30, 2014
		Significant
Level 3 liabilities	Valuation Technique	Unobservable Inputs	Significant Unobservable Input Value

Incentive award plan	Discounted Cash Flow	Discount Rate		10.4	%		10.4	%		10.6	%
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	%		10.6	%
Employment agreement award	Discounted Cash Flow	Long-term Growth Rate		3.0	%		3.0	%		3.0	%
Redeemable noncontrolling interest	Discounted Cash Flow	Discount Rate		12.0	%		12.0	%		12.5	%
Redeemable noncontrolling interest	Discounted Cash Flow	Long-term Growth Rate		1.5	%		1.5	%		1.5	%