SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events [Text Block]

16. SUBSEQUENT EVENTS:

Since January 1, 2018, and through the date of this filing, the Company executed a Stock Vest Tax Repurchase of 567,791 shares of Class D common stock in the amount of approximately $1.0 million at an average price of $1.80 per share. In addition, since January 1, 2018, and through the date of this filing, the Company repurchased 753,955 shares of Class D common stock in the amount of approximately $1.4 million at an average price of $1.87 per share.

  

The Compensation Committee awarded Catherine Hughes, Chairperson, 474,609 restricted shares of the Company’s Class D common stock, and stock options to purchase 210,937 shares of the Company’s Class D common stock. The grants were effective January 5, 2018, and will vest on January 5, 2019.

The Compensation Committee awarded Alfred Liggins, Chief Executive Officer and President, 791,015 restricted shares of the Company’s Class D common stock, and stock options to purchase 351,562 shares of the Company’s Class D common stock. The grants were effective January 5, 2018, and will vest on January 5, 2019.

The Compensation Committee awarded Peter Thompson, Chief Financial Officer, 270,833 restricted shares of the Company’s Class D common stock, and stock options to purchase 120,370 shares of the Company’s Class D common stock. The grants were effective January 5, 2018, and will vest on January 5, 2019.

On March 12, 2018, the Company repurchased approximately $11 million of its 2020 Notes at an average price of approximately 97.375% of par.