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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES:    
Net income (loss) $ (1,049) $ 1,021
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,759 2,892
Amortization of deferred financing costs (including original issue discount) 1,177 963
Net deferred taxes (benefit) and other (1,333) 824
Tax benefit on exercise of options 0 0
Provision for bad debts 56 57
Net (gain) loss on sale or disposal of assets 16 20
Non-cash stock-based compensation expense 1,397 3,140
Net (gain) loss on investments 0 0
Net (gain) loss on derivatives (788) 0
Deferred rent 449 47
Unearned revenue - long-term 0 10
Net (gain) loss on extinguishment of debt 0 0
Deferred compensation 860 345
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 0 0
Accretion expense net of asset retirement obligation payments (103) 83
Other income (13) 0
Changes in assets and liabilities:    
Accounts receivable 12,028 9,662
Prepaid expenses and deposits (1,126) (2,449)
Prepaid and refundable income taxes (15) 381
Accounts payable and accrued liabilities (1,383) 2,973
Accrued interest expense 5,822 (4)
Accrued liabilities - long-term (388) 1,097
Prepaid expenses - long-term 200 184
Net cash provided by (used in) operating activities 18,566 21,246
INVESTING ACTIVITIES:    
Additions to property and equipment (881) (869)
Proceeds from sale of property, equipment, intangibles and other assets 5 75
Purchases of radio station assets 0 (9,000)
Deferred charges and other assets (2) (1,043)
Purchases of investments 0 0
Proceeds from investments and capital projects 212 0
Proceeds from termination of radio station contract 0 0
Proceeds from insurance recovery 0 0
Station acquisition deposits and costs 0 1,350
Net cash provided by (used in) investing activities (666) (9,487)
FINANCING ACTIVITIES:    
Deferred financing expenses related to the senior unsecured notes (167) 0
Proceeds from issuance of long-term debt 0 10,000
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (10,007) (22,007)
Net proceeds from the senior unsecured notes 0 0
Retirement of senior subordinated notes 0 0
Purchase of the Company's common stock 0 0
Proceeds from issuance of employee stock plan 0 0
Proceeds from the exercise of stock options 54 57
Purchase of vested employee restricted stock units VALUE (301) (1,738)
Realization of tax benefits for payment of dividend equivalents 0 0
Payment of dividend equivalents on vested restricted stock units (43) (509)
Payment of dividends 0 0
Net cash provided by (used in) financing activities (10,464) (14,197)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,436 (2,438)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,625 3,768
CASH AND CASH EQUIVALENTS, END OF PERIOD 11,061 1,330
Cash paid during the period for:    
Interest (7,026) (4,818)
Income taxes (99) (82)
Dividends $ 0 $ 0