ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(Unaudited)
	(In Thousands)
Numerator:
Net (loss) income attributable to common stockholders	$	(7,886)	$	(423)	$	(9,397)	$	2,944
Denominator:
Denominator for basic net (loss) income per share - weighted average outstanding shares		46,681,585		47,481,004		47,487,607		48,066,267
Effect of dilutive securities:
Stock options and restricted stock		—		—		—		1,173,898
Denominator for diluted net (loss) income per share - weighted-average outstanding shares		46,681,585		47,481,004		47,487,607		49,240,165

Net (loss) income attributable to common stockholders per share – basic	$	(0.17)	$	(0.01)	$	(0.20)	$	0.06
Net (loss) income attributable to common stockholders per share –diluted	$	(0.17)	$	(0.01)	$	(0.20)	$	0.06

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 months ended September 30, 2017 and 2016, and for the nine months ended September 30, 2017, as their inclusion would have been anti-dilutive. The following table summarizes the potential common shares excluded from the diluted calculation.

	Three Months Ended		Three Months Ended		Nine Months Ended
	September 30, 2017		September 30, 2016		September 30, 2017

	(Unaudited)
	(In Thousands)

Stock options		4,767		3,700		4,767
Restricted stock awards		2,390		1,117		2,476

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

As of September 30, 2017, and December 31, 2016, respectively, the fair values of our financial assets and liabilities measured at fair value on a recurring basis are categorized as follows:

	Total		Level 1		Level 2		Level 3
	(Unaudited)
	(In thousands)
As of September 30, 2017
Liabilities subject to fair value measurement:
Contingent consideration (a)	$	2,058		—		—	$	2,058
Employment agreement award (b)		29,236		—		—		29,236
Total	$	31,294	$	—	$	—	$	31,294

Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests (c)	$	9,871	$	—	$	—	$	9,871

As of December 31, 2016
Liabilities subject to fair value measurement:
Employment agreement award (b)	$	26,965	$	—	$	—	$	26,965

Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests (c)	$	12,410	$	—	$	—	$	12,410

(a) This balance is measured based on the income approach to valuation in the form of a Monte Carlo simulation. The Monte Carlo simulation method is suited to instances such as this where there is non-diversifiable risk. It is also well-suited to multi-year, path dependent scenarios. Significant inputs to the Monte Carlo method include forecasted net revenues, discount rate and expected volatility. A third-party valuation firm assisted the Company in estimating the contingent consideration.

(b) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) became eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4% 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 discounted cash flow analysis), 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 was triggered after the Company’s recovery of the aggregate amount of our pre-Comcast Buyout capital contribution in TV One, and payment is required only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to such invested amount. 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 a discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. The Compensation Committee of the Board of Directors of the Company 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

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

There were no transfers in or out of Level 1, 2, or 3 during the nine months ended September 30, 2017. The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the nine months ended September 30, 2017:

	Contingent Consideration		Employment Agreement Award		Redeemable Noncontrolling Interests
	(In thousands)

Balance at December 31, 2016	$	—	$	26,965	$	12,410
Net income attributable to noncontrolling interests		—		—		232
Variable consideration at acquisition date		2,205		—		—
Distribution		(147)		(1,604)		—
Change in fair value		—		3,875		(2,771)
Balance at September 30, 2017	$	2,058	$	29,236	$	9,871

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	$	—	$	(3,875)	$	—

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

Losses included in earnings were recorded in the consolidated statements of operations as corporate selling, general and administrative expenses for the three and nine months ended September 30, 2017 and 2016.

			As of September 30, 2017			As of December 31, 2016
Level 3 liabilities	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value

Contingent consideration	Monte Carlo Simulation	Expected volatility		38.1	%		N/A
Contingent consideration	Monte Carlo Simulation	Discount Rate		16.0	%		N/A
Employment agreement award	Discounted Cash Flow	Discount Rate		11.0	%		11.0	%
Employment agreement award	Discounted Cash Flow	Long-term Growth Rate		2.5	%		2.5	%
Redeemable noncontrolling interest	Discounted Cash Flow	Discount Rate		10.5	%		10.5	%
Redeemable noncontrolling interest	Discounted Cash Flow	Long-term Growth Rate		1.0	%		1.0	%