CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets Abstract
Cash	$ 11,071	$ 9,169
Accounts receivable, net of allowance for doubtful accounts	91,312	87,157
Prepaid expenses, deposits and other	8,408	6,220
Prepaid and refundable federal and state income taxes	106	55
Deferred tax assets	3,464	3,464
Total current assets	114,361	106,065
Net property and equipment	55,875	57,993
Radio broadcasting licenses	807,416	807,381
Goodwill	32,629	32,629
Assets held for sale	0	6,106
Investment in deconsolidated subsidiaries	0	0
Deferred charges and other assets, net of accumulated amortization	4,540	5,471
TOTAL ASSETS	1,014,821	1,015,645
Liabilities Abstract
Accounts payable	105	73
Accrued expenses	15,827	16,772
Accrued compensation and other current liabilities	19,945	19,924
Financing method lease obligations, current portion	0	0
Long-term debt, current portion	29,150	31,832
Total current liabilities	65,027	68,601
Long-term debt, net of current portion	431,119	448,724
Deferred tax liabilities	89,883	81,643
Other long-term liabilities	27,495	27,608
Total long-term liabilities	548,497	557,975
Total liabilities	613,524	626,576
CONTINGENCIES AND COMMITMENTS
Perpetual Cumulative Convertible Preferred Stock	27,619	27,619
SHAREHOLDERS' EQUITY:
Preferred stock	0	0
Common stock	406	397
Additional paid-in capital	608,727	611,754
Accumulated deficit	(235,455)	(250,701)
Accumulated other comprehensive income (loss)	0	0
Total shareholders' equity	373,678	361,450
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,014,821	$ 1,015,645