CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets Abstract
Cash	$ 9,211	$ 31,540
Accounts receivable, net of allowance for doubtful accounts	88,673	70,249
Prepaid expenses, deposits and other	6,843	5,937
Prepaid and refundable federal and state income taxes	45	30
Deferred tax assets	2,248	2,248
Total current assets	107,020	110,004
Net property and equipment	59,970	44,662
Radio broadcasting licenses	755,721	718,992
Goodwill	33,727	38,850
Assets held for sale	49,322	868
Investment in deconsolidated subsidiaries	10,955	0
Deferred charges and other assets, net of accumulated amortization	10,317	13,239
TOTAL ASSETS	1,027,032	926,615
Liabilities Abstract
Accounts payable	202	324
Accrued expenses	22,444	13,938
Accrued compensation and other current liabilities	26,327	13,499
Financing method lease obligations, current portion	0	0
Long-term debt, current portion	20,915	3,000
Total current liabilities	69,888	30,761
Long-term debt, net of current portion	484,016	476,929
Deferred tax liabilities	73,061	63,470
Other long-term liabilities	26,065	26,434
Total long-term liabilities	583,142	566,833
Total liabilities	$ 653,030	$ 597,594
CONTINGENCIES AND COMMITMENTS
Perpetual Cumulative Convertible Preferred Stock	$ 27,619	$ 0
SHAREHOLDERS' EQUITY:
Preferred stock	0	0
Common stock	396	391
Additional paid-in capital	610,776	608,515
Accumulated deficit	(264,789)	(279,885)
Accumulated other comprehensive income (loss)	0	0
Total shareholders' equity	346,383	329,021
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,027,032	$ 926,615