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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income Statement Abstract        
NET REVENUES $ 102,295 $ 100,429 $ 286,832 $ 287,593
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 63,719 69,771 191,120 202,939
Depreciation and amortization expense 2,746 2,771 8,242 8,535
Corporate general and administrative expenses, including non-cash compensation expense 6,329 5,551 19,159 20,638
Impairment loss 0 0 22,307 0
Merger and acquisition costs 0 0 0 1,542
Net time brokerage agreement (income) fees (4) 0 238 244
Net (gain) loss on sale or disposal of assets 120 73 123 142
Total operating expense 72,910 78,166 241,189 234,040
OPERATING INCOME (LOSS) 29,385 22,263 45,643 53,553
OTHER (INCOME) EXPENSE:        
Net interest expense 13,285 5,251 40,854 16,477
Net (gain) loss on extinguishment of debt 0 0 0 0
Net (gain) loss on derivative instruments 0 0 (1,346) 0
Net (gain) loss on investments 50 0 50 0
Other income (35) (11) (81) (16)
TOTAL OTHER EXPENSE 13,300 5,240 39,477 16,461
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 16,085 17,023 6,166 37,092
INCOME TAXES (BENEFIT) 7,908 8,792 2,245 (20,894)
NET INCOME (LOSS) $ 8,177 $ 8,231 $ 3,921 $ 57,986
NET INCOME (LOSS) PER SHARE - BASIC $ 0.22 $ 0.23 $ 0.11 $ 1.59
NET INCOME (LOSS) PER SHARE - DILUTED $ 0.22 $ 0.22 $ 0.10 $ 1.53
WEIGHTED AVERAGE SHARES:        
Basic 36,735,215 36,366,675 36,704,001 36,355,024
Diluted 37,547,645 37,463,085 37,662,184 37,825,497