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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 131,259 $ 31,657
Restricted cash 8,025 7,981
Accounts receivable, less allowance for doubtful accounts of $4,691 and $4,923 in 2016 and 2015, respectively 231,585 243,428
Trade receivable 4,985 4,146
Assets held for sale 30,150 45,157
Prepaid expenses and other current assets 33,923 26,906
Total current assets 439,927 359,275
Property and equipment, net 162,063 169,437
Broadcast licenses 1,540,183 1,578,066
Other intangible assets, net 116,499 174,530
Goodwill 135,214 703,354
Other assets 18,805 17,726
Total assets 2,412,691 3,002,388
Current liabilities:    
Accounts payable and accrued expenses 96,241 118,396
Trade payable 4,550 4,374
Total current liabilities 100,791 122,770
Term loan, net of debt issuance costs/discounts of $29,909 and $37,524 at December 31, 2016 and 2015, respectively 1,780,357 1,801,416
7.75% senior notes, net of debt issuance costs of $6,200 and $8,515 at December 31, 2016 and 2015, respectively 603,800 601,485
Other liabilities 31,431 44,804
Deferred income taxes 388,050 415,881
Total liabilities 2,904,429 2,986,356
Commitments and Contingencies (Note 13)
Stockholders’ (deficit) equity:    
Treasury stock, at cost, 2,806,187 and 2,805,743 shares at 2016 and 2015, respectively (229,310) (229,310)
Additional paid-in-capital 1,624,815 1,621,865
Accumulated deficit (1,887,564) (1,376,844)
Total stockholders’ (deficit) equity (491,738) 16,032
Total liabilities and stockholders’ equity 2,412,691 3,002,388
Class A Common Stock    
Stockholders’ (deficit) equity:    
Common stock 320 320
Class C Common Stock    
Stockholders’ (deficit) equity:    
Common stock $ 1 $ 1