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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Income Statement Abstract      
NET REVENUES $ 382,727 $ 391,447 $ 372,432
OPERATING EXPENSE:      
Station operating expenses, including non-cash compensation expense 263,420 258,896 254,042
Depreciation and amortization expense 11,276 12,660 16,600
Corporate general and administrative expenses, including non-cash compensation expense 26,609 21,954 22,875
Impairment loss 0 0 67,676
Merger and acquisition costs 1,542 0 0
Net time brokerage agreement (income) fees 244 0 (2)
Net (gain) loss on sale or disposal of assets 163 228 420
Total operating expense 303,254 293,738 361,611
OPERATING INCOME (LOSS) 79,473 97,709 10,821
OTHER (INCOME) EXPENSE:      
Net interest expense 24,919 30,491 31,171
Net (gain) loss on extinguishment of debt 1,144 62 (20,805)
Net (gain) loss on derivative instruments 1,346 0 0
Net (gain) loss on investments 30 174 966
Other income (32) (49) (380)
TOTAL OTHER EXPENSE 27,407 30,678 10,952
INCOME (LOSS) BEFORE INCOME TAXES 52,066 67,031 (131)
INCOME TAXES (BENEFIT) (16,444) 20,595 (5,529)
NET INCOME (LOSS) $ 68,510 $ 46,436 $ 5,398
NET INCOME (LOSS) PER SHARE - BASIC $ 1.88 $ 1.30 $ 0.15
NET INCOME (LOSS) PER SHARE - DILUTED $ 1.81 $ 1.23 $ 0.15
WEIGHTED AVERAGE SHARES:      
Basic 36,369,410 35,712,026 35,321,431
Diluted 37,763,965 37,679,386 36,402,800