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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net revenue $ 299,334 $ 328,247 $ 570,413 $ 620,291
Operating expenses:        
Content costs 91,019 101,802 191,826 210,295
Selling, general & administrative expenses 118,548 118,389 234,855 233,724
Depreciation and amortization 25,724 29,071 51,035 57,952
LMA fees 2,572 1,648 5,070 3,205
Corporate expenses (including stock-based compensation expense of $3,880, $4,154, $7,743 and $8,245, respectively) 12,496 19,264 25,963 38,458
(Gain) loss on sale of assets or stations (84) (360) 735 (898)
Impairment charges - equity interest in Pulser Media Inc. 1,056 0 1,056 0
Total operating expenses 251,331 269,814 510,540 542,736
Operating income 48,003 58,433 59,873 77,555
Non-operating (expense) income:        
Interest expense (35,412) (36,468) (70,396) (72,733)
Interest income 27 342 385 672
Other income, net 12,373 3,593 12,757 3,529
Total non-operating expense, net (23,012) (32,533) (57,254) (68,532)
Income before income taxes 24,991 25,900 2,619 9,023
Income tax expense (12,692) (10,763) (2,335) (3,155)
Net income $ 12,299 $ 15,137 $ 284 $ 5,868
Basic and diluted income per common share (see Note 9, “Earnings Per Share”):        
Basic: Income per share $ 0.05 $ 0.06 $ 0.00 $ 0.03
Diluted: Income per share $ 0.05 $ 0.06 $ 0.00 $ 0.02
Weighted average basic common shares outstanding 233,278,660 224,456,934 233,202,282 220,104,481
Weighted average diluted common shares outstanding 233,486,283 229,069,397 233,452,205 226,180,298