Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Income from Discontinued Operations

For the years ended December 31, 2012, 2011 and 2010, income from discontinued operations, net of taxes was as follows (dollars in thousands):

	2012			2011			2010
Discontinued operations:
Net revenues	$	23,855		$	29,581		$	26,693
Operating income		8,227			11,068			9,719
Gain on asset exchange and other (expense)		62,958			(8	)		—
Income from discontinued operations
before taxes		71,185			11,060			9,719
Income tax (expense) benefit		(11,737	)		57,981			(2,274	)
Income from discontinued operations, net of taxes	$	59,448		$	69,041		$	7,445

Main Classes of Assets and Liabilities Associated With Stations that Were Disposed of

The following table presents the major classes of assets and liabilities associated with the stations that were disposed of that were included in the consolidated balance sheet as of December 31, 2011 (dollars in thousands):

	2011
Disposed assets:
Prepaid expenses and other current assets	$	239
Property and equipment, net		8,267
Broadcast licenses		25,490
Other intangibles, net		7,637
Goodwill		32,132
Total assets	$	73,765
Disposed Liabilities:
Accounts payable and accrued expenses	$	(1,152	)
Disposed assets and liabilities, net	$	72,613