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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Schedule of recurring fair value measurements

	December 31, 2012
	Value Measurements At Reporting Date Using
			Quoted Prices
			In Active
			Markets For		Significant
			Identical		Other		Significant
			Assets Or		Observable		Unobservable
			Liabilities		Inputs		Inputs
Description	Total		(Level 1)		(Level 2)		(Level 3)
	(amounts in thousands)
Assets
Cash equivalents (1)	$	6,695	$	6,695	$	-	$	-

Liabilities
Deferred Compensation (2)	$	8,377	$	8,377	$	-	$	-
Lease abandonment liability (3):
Short-term	$	72	$	-	$	72	$	-
Long-term	$	609	$	-	$	609	$	-

	December 31, 2011
	Value Measurements At Reporting Date Using
			Quoted Prices
			In Active
			Markets For		Significant
			Identical		Other		Significant
			Assets Or		Observable		Unobservable
			Liabilities		Inputs		Inputs
Description	Total		(Level 1)		(Level 2)		(Level 3)
	(amounts in thousands)
Assets
Cash equivalents (1)	$	3,625	$	3,625	$	-	$	-

Liabilities
Deferred Compensation (2)	$	6,824	$	6,824	$	-	$	-
Lease abandonment liability (3):
Short-term	$	54	$	-	$	54	$	-
Long-term	$	681	$	-	$	681	$	-
Interest Rate Cash Flow Hedges Designated
As Qualifying Instruments (4):
Short-term	$	1,346	$	-	$	1,346	$	-

Fair Value, Assets and Liabilities Measured on Recurring Basis, Impairment Loss

Non-Recurring Assets Subject To Fair Value Measurement

December 31, 2012

Based Upon The Valuation As Of June 30, 2012

Fair Value Measurements Using

Quoted Prices

In Active

For The

Markets For

Significant

Period Ended

Identical

Other

Significant

December 31,

Assets Or

Observable

Unobservable

2012

Liabilities

Inputs

Impairment

Description

Total

(Level 1)

(Level 2)

(Level 3)

Loss

(amounts in thousands)

Radio broadcasting licenses

100,512

22,307

Schedule Of Carrying Value Of Financial Instruments

	December 31,				December 31,
	2012				2011
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
	(amounts in thousands)

Credit Facility (1)	$	352,500	$	356,686	$	385,000	$	385,000
Senior Notes (2)	$	217,349	$	241,257	$	217,103	$	216,696
Finance method lease obligations (3)	$	12,610			$	12,610
Letter of credit (4)	$	570			$	570

- Definition

Tabular disclosure of the total amount of gains or losses for the period which are included in earnings or resulted in a change to net assets which gains or losses have arisen from the use of significant unobservable inputs (Level 3) to measure the fair value of assets and liabilities. Such gains or losses are attributable to the change in unrealized gains or losses relating to those assets and liabilities so valued which are still held at the reporting date and which change are also considered for disclosure; it may be expected that a description of where those unrealized gains or losses are reported in the statement of income or the statement of financial position would also be disclosed.

+ References+ Details