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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES:    
Net income (loss) $ 3,921 $ 57,986
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,242 8,535
Amortization of deferred financing costs (including original issue discount) 3,465 2,825
Net deferred taxes (benefit) and other 2,245 (19,278)
Tax benefit on exercise of options 0 0
Provision for bad debts 64 1,306
Net (gain) loss on sale or disposal of assets 123 142
Non-cash stock-based compensation expense 3,984 6,227
Net (gain) loss on investments 50 0
Net (gain) loss on derivatives (1,346) 0
Deferred rent 514 80
Unearned revenue - long-term 134 5
Net (gain) loss on extinguishment of debt 0 0
Deferred compensation 1,198 (276)
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 22,307 0
Accretion expense, net of asset retirement obligation payments (93) 86
Other income (81) (16)
Changes in assets and liabilities:    
Accounts receivable (9,881) (3,645)
Prepaid expenses and deposits 880 146
Prepaid and refundable income taxes 264 547
Accounts payable and accrued liabilities 2,227 7,349
Accrued interest expense 8,319 (43)
Accrued liabilities - long-term (637) (137)
Prepaid expenses - long-term 657 (141)
Net cash provided by (used in) operating activities 46,556 61,698
INVESTING ACTIVITIES:    
Additions to property and equipment (1,787) (4,040)
Proceeds from sale of property, equipment, intangibles and other assets 28 231
Purchases of radio station assets (25,325) (9,000)
Deferred charges and other assets (797) (1,170)
Purchases of investments 0 0
Proceeds from investments and capital projects 444 16
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 (27,437) (12,613)
FINANCING ACTIVITIES:    
Deferred financing expenses related to senior unsecured notes (167) 0
Proceeds from issuance of long-term debt 30,000 118,500
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (45,521) (163,020)
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 120 69
Purchase of vested employee restricted stock units (530) (3,022)
Realization of tax benefits for payment of dividend equivalents 0 0
Payment of dividend equivalents on vested restricted stock units (43) (511)
Payment of dividends 0 0
Net cash provided by (used in) financing activities (16,141) (47,984)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,978 1,101
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,625 3,768
CASH AND CASH EQUIVALENTS, END OF PERIOD 6,603 4,869
Cash paid during the period for:    
Interest 29,068 13,685
Income taxes 99 82
Dividends $ 0 $ 0