Discontinued Operations

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On November 14, 2013, the Company completed the Townsquare Transaction. The results of operations associated with the stations disposed of in that transaction have been separately reported within discontinued operations, net of the related tax impact, in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2013.

For the three and six months ended June 30, 2013, income from discontinued operations was as follows (dollars in thousands):

	Three Months Ended   June 30,		Six Months Ended   June 30,
	2013
Discontinued operations:
Net revenue	$	19,369	$	34,402
Income from discontinued operations before taxes	8,404		13,338
Income tax benefit	3,583		16,324
Income from discontinued operations	11,987		29,662