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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 4,223 $ (24,697)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 17,254 18,068
Amortization of debt financing costs 2,594 2,387
Amortization of content assets 23,404 23,221
Amortization of launch assets 40 1,457
Deferred income taxes 211 18,269
Stock-based compensation 1,537 2,779
(Gain) loss on retirement of debt (2,646) 7,091
Tax impact of increased ownership of TV One 3,538 0
Effect of change in operating assets and liabilities:    
Trade accounts receivable (1,646) (1,957)
Prepaid expenses and other current assets 1,004 2,471
Other assets (37) 773
Accounts payable (2,541) (848)
Accrued interest (662) 8,444
Accrued compensation and related benefits (2,423) 1,398
Other liabilities 2,775 (1,083)
Payments for content assets (34,446) (29,645)
Net cash flows provided by operating activities 12,179 28,128
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,377) (4,510)
Cost method investment 0 (5,000)
Purchase of additional membership interest in TV One 0 (209,864)
Proceeds from sales of investment securities 0 3,524
Purchases of investment securities 0 (591)
Acquisition of station and broadcasting assets (2,000) 0
Net cash flows used in investing activities (4,377) (216,441)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Premium paid on repayment of long-term debt 0 (827)
Proceeds from 2015 Credit Facility 0 350,000
Proceeds from debt issuance 0 350,000
Repayment of 2020 Notes (17,174) 0
Repurchase of common stock (1,720) (1,423)
Repayment of credit facility (1,750) (368,532)
Repayment of TV One senior secured notes 0 (119,000)
Debt refinancing costs and original issue discount (403) (23,480)
Payment of dividends to noncontrolling interest members of TV One 0 (5,739)
Net cash flows (used in) provided by financing activities (21,047) 180,999
DECREASE IN CASH AND CASH EQUIVALENTS (13,245) (7,314)
CASH AND CASH EQUIVALENTS, beginning of period 67,376 67,781
CASH AND CASH EQUIVALENTS, end of period 54,131 60,467
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 39,236 28,370
Income taxes, net 457 330
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Note payable incurred as part of purchase of additional membership interest in TV One $ 0 $ 11,872