XML 13 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Income Statement Abstract    
NET REVENUES$ 100,429$ 102,737$ 287,593$ 289,359
OPERATING EXPENSE:    
Station operating expenses, including non-cash compensation expense69,77167,726202,939195,603
Depreciation and amortization expense2,7713,0898,5359,736
Corporate general and administrative expenses, including non-cash compensation expense5,5515,19020,63816,292
Impairment loss0000
Merger and acquisition costs001,5420
Net time brokerage agreement (income) fees002440
Net (gain) loss on sale or disposal of assets73185142176
Total operating expense78,16676,190234,040221,807
OPERATING INCOME (LOSS)22,26326,54753,55367,552
OTHER (INCOME) EXPENSE:    
Interest expense, including amortization of deferred financing expense5,2718,64516,50422,795
Interest and dividend income(20)(4)(27)(15)
Net loss on extinguishment of debt00062
Net (gain) loss on derivative instruments0000
Net (gain) loss on investments0000
Other income(11)(16)(16)(38)
TOTAL OTHER EXPENSE5,2408,62516,46122,804
INCOME (LOSS) BEFORE INCOME TAXES17,02317,92237,09244,748
INCOME TAXES (BENEFIT)8,7927,233(20,894)15,597
NET INCOME (LOSS)$ 8,231$ 10,689$ 57,986$ 29,151
NET INCOME (LOSS) PER SHARE - BASIC$ 0.23$ 0.30$ 1.59$ 0.82
NET INCOME (LOSS) PER SHARE - DILUTED$ 0.22$ 0.29$ 1.53$ 0.78
WEIGHTED AVERAGE SHARES:    
Basic36,366,67535,722,80136,355,02435,699,525
Diluted37,463,08537,309,95637,825,49737,591,370