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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES:      
Net income (loss) $ 68,510 $ 46,436 $ 5,398
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 11,276 12,660 16,600
Amortization of deferred financing costs 3,592 3,912 1,518
Net deferred taxes (benefit) and other (14,801) 23,053 999
Tax benefit on exercise of options 0 0 0
Provision for bad debts 1,672 990 2,708
Net (gain) loss on sale or disposal of assets 163 228 420
Non-cash stock-based compensation expense 7,671 5,528 6,888
Net (gain) loss on investments 30 174 966
Net (gain) loss on derivatives 1,346 0 0
Deferred rent 191 (34) (9)
Unearned revenue - long-term 5 0 (739)
Net (gain) loss on extinguishment of debt 1,144 62 (20,805)
Deferred compensation 202 1,614 1,596
Tax benefit for vesting of restricted stock unit awards 0 0 0
Impairment loss 0 0 67,676
Net accretion expense for asset retirement obligations 88 0 0
Other income (32) (49) (380)
Changes in assets and liabilities:      
Accounts receivable 208 (3,532) 4,324
Prepaid expenses and deposits (6) 15,828 (16,397)
Prepaid and refundable income taxes 493 6,818 (7,000)
Accounts payable and accrued liabilities 524 (20,012) 12,874
Accrued interest expense 2,926 (195) (1,944)
Accrued liabilities - long-term (214) (2,561) (577)
Prepaid expenses - long-term 537 (510) (214)
Net cash provided by (used in) operating activities 85,525 90,410 73,902
INVESTING ACTIVITIES:      
Additions to property and equipment (5,712) (2,744) (2,467)
Proceeds from sale of property, equipment, intangibles and other assets 231 151 106
Purchases of radio station assets (9,000) 0 0
Deferred charges and other assets (1,185) (368) (120)
Purchases of investments 0 0 0
Proceeds from investments 32 49 39
Proceeds from termination of radio station contract 0 0 380
Proceeds from insurance recovery 0 0 0
Station acquisition deposits and costs 1,350 (1,350) 0
Net cash provided by (used in) investing activities (14,284) (4,262) (2,062)
FINANCING ACTIVITIES:      
Deferred expenses related to bank facility amendment (19,937) (5,155) (342)
Proceeds from issuance of long-term debt 587,500 37,500 39,000
Proceeds from the financing method of lease obligations 0 0 12,610
Payments of long-term debt (852,527) (116,525) (60,023)
Net proceeds from the senior unsecured notes 217,078 0 0
Retirement of senior subordinated notes 0 (6,579) (55,272)
Purchase of the Company's common stock 0 0 (889)
Proceeds from issuance of employee stock plan 0 0 82
Proceeds from the exercise of stock options 71 130 0
Purchase of vested employee restricted stock units (3,057) (1,628) (104)
Realization of tax benefits for payment of dividend equivalents 0 0 321
Payment of dividend equivalents on vested restricted stock units (512) (874) (756)
Payment of dividends 0 0 0
Net cash provided by (used in) financing activities (71,384) (93,131) (65,373)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (143) (6,983) 6,467
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,768 10,751 4,284
CASH AND CASH EQUIVALENTS, END OF PERIOD 3,625 3,768 10,751
Cash paid during the period for:      
Interest (18,393) (27,100) (31,643)
Income taxes (82) (83) (192)
Dividends $ 0 $ 0 $ 0