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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement Abstract        
NET REVENUES $ 100,592,000 $ 100,201,000 $ 179,012,000 $ 178,436,000
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 70,000,000 68,221,000 129,367,000 126,182,000
Depreciation and amortization expense 1,905,000 1,867,000 3,860,000 3,841,000
Corporate general and administrative expenses, including non-cash compensation expense 6,451,000 6,359,000 12,730,000 12,775,000
Impairment loss 0 0 0 0
Merger and acquisition period costs 2,031,000 0 3,754,000 0
Net time brokerage agreement (income) fees 0 0 0 0
Net (gain) loss on sale or disposal of assets (410,000) (162,000) (567,000) (202,000)
Total operating expense 79,977,000 76,285,000 149,144,000 142,596,000
OPERATING INCOME (LOSS) 20,615,000 23,916,000 29,868,000 35,840,000
OTHER (INCOME) EXPENSE:        
Net interest expense 9,313,000 9,812,000 18,592,000 19,715,000
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 55,000 0 0
TOTAL OTHER EXPENSE 9,313,000 9,867,000 18,592,000 19,715,000
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 11,302,000 14,049,000 11,276,000 16,125,000
INCOME TAXES (BENEFIT) 4,555,000 5,912,000 4,622,000 6,625,000
NET INCOME (LOSS) $ 6,747,000 $ 8,137,000 $ 6,654,000 $ 9,500,000
NET INCOME (LOSS) PER SHARE - BASIC        
NET INCOME (LOSS) PER SHARE - BASIC $ 0.18 $ 0.22 $ 0.17 $ 0.25
NET INCOME (LOSS) PER SHARE - DILUTED        
NET INCOME (LOSS) PER SHARE - DILUTED $ 0.17 $ 0.21 $ 0.17 $ 0.25
WEIGHTED AVERAGE SHARES:        
Basic 38,074,240 37,686,679 38,071,049 37,681,004
Diluted 38,928,610 38,445,886 39,026,880 38,515,072