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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement Abstract        
NET REVENUES $ 101,239 $ 104,571 $ 179,599 $ 184,537
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 65,921 67,728 123,936 127,401
Depreciation and amortization expense 2,192 2,737 4,516 5,496
Corporate general and administrative expenses, including non-cash compensation expense 5,621 6,202 11,848 12,830
Impairment loss 850 22,307 850 22,307
Merger and acquisition costs 0 0 0 0
Net time brokerage agreement (income) fees 0 242 0 242
Net (gain) loss on sale or disposal of assets (1,613) (13) (1,591) 3
Total operating expense 72,971 99,203 139,559 168,279
OPERATING INCOME (LOSS) 28,268 5,368 40,040 16,258
OTHER (INCOME) EXPENSE:        
Net interest expense 11,310 13,496 22,784 27,569
Net (gain) loss on extinguishment of debt 0 0 0 0
Net (gain) loss on derivative instruments 0 (558) 0 (1,346)
Net (gain) loss on investments 0 0 0 0
Other income (62) (33) (93) (46)
TOTAL OTHER EXPENSE 11,248 12,905 22,691 26,177
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 17,020 (7,537) 17,349 (9,919)
INCOME TAXES (BENEFIT) 7,127 (4,330) 7,707 (5,663)
NET INCOME (LOSS) $ 9,893 $ (3,207) $ 9,642 $ (4,256)
NET INCOME (LOSS) PER SHARE - BASIC $ 0.26 $ (0.09) $ 0.26 $ (0.12)
NET INCOME (LOSS) PER SHARE - DILUTED $ 0.26 $ (0.09) $ 0.25 $ (0.12)
WEIGHTED AVERAGE SHARES:        
Basic 37,344,162 36,685,635 37,308,239 36,668,347
Diluted 38,102,583 36,685,635 38,200,681 36,668,347