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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement Abstract        
NET REVENUES $ 99,840 $ 98,436 $ 278,276 $ 278,035
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 69,490 67,104 195,672 191,040
Depreciation and amortization expense 1,956 2,041 5,797 6,557
Corporate general and administrative expenses, including non-cash compensation expense 7,319 6,039 20,094 17,887
Impairment loss 0 0 0 850
Merger and acquisition costs 0 0 0 0
Net time brokerage agreement (income) fees 0 0 0 0
Net (gain) loss on sale or disposal of assets (130) (34) (332) (1,625)
Total operating expense 78,635 75,150 221,231 214,709
OPERATING INCOME (LOSS) 21,205 23,286 57,045 63,326
OTHER (INCOME) EXPENSE:        
Net interest expense 9,752 11,038 29,467 33,822
Net (gain) loss on extinguishment of debt 0 0 0 0
Net (gain) loss on derivative instruments 0 0 0 0
Net (gain) loss on investments 0 0 0 0
Other income 0 0 0 (93)
TOTAL OTHER EXPENSE 9,752 11,038 29,467 33,729
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 11,453 12,248 27,578 29,597
INCOME TAXES (BENEFIT) 4,980 5,373 11,605 13,080
NET INCOME (LOSS) $ 6,473 $ 6,875 $ 15,973 $ 16,517
NET INCOME (LOSS) PER SHARE - BASIC $ 0.17 $ 0.18 $ 0.42 $ 0.44
NET INCOME (LOSS) PER SHARE - DILUTED $ 0.17 $ 0.18 $ 0.41 $ 0.43
WEIGHTED AVERAGE SHARES:        
Basic 37,692,848 37,385,753 37,685,754 37,334,620
Diluted 38,482,073 38,153,422 38,522,122 38,208,979