ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2011

Sep. 30, 2011

Business Combinations [Abstract]

Schedule of aggregate purchase price, excluding transaction costs

Description		Amount	Useful Lives
		(in thousands)
Leasehold improvements	$	113	3.8 to 7.5 years
Furniture and equipment		69	less than 1 year to 3 years
Equipment		463	3 to 5 years
Total tangible assets		645
Income agreements		200	3.8 to 4.6 years
Advertiser lists and customer relationships		161	3 years
Acquired advertising contracts		59	less than 1 year
Broadcasting licenses		8,050	non-amortizing
Goodwill		723	non-amortizing
Total intangible assets		9,193
Total assets		9,838
Unfavorable lease liability		(765)	7.5 years
Asset retirement liabilities		(73)	3.8 to 7.5 years
Net assets acquired	$	9,000

Schedule of merger and acquisition costs

	Nine Months Ended
	September 30,
	2011
	(amounts in thousands)
Merger expenses (legal and advisory expenses)	$	767
Lease abandonment expense		775
Merger and acquisition costs	$	1,542

Schedule of unaudited pro forma summary of financial information

	Three Months Ended
	September 30,
	2011		2010
	(amounts in thousands, except per share data)
	Pro Forma		Pro Forma
Net revenues	$	100,429	$	104,041
Net income	$	7,959	$	11,414
Net income per common share - basic	$	0.22	$	0.32
Net income per common share - diluted	$	0.21	$	0.31

	Nine Months Ended
	September 30,
	2011		2010
	(amounts in thousands, except per share data)
	Pro Forma		Pro Forma
Net revenues	$	287,772	$	293,084
Net income	$	58,451	$	30,804
Net income per common share - basic	$	1.61	$	0.86
Net income per common share - diluted	$	1.55	$	0.82