CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets Abstract
Cash	$ 9,908	$ 9,169
Accounts receivable, net of allowance for doubtful accounts	91,417	87,157
Prepaid expenses, deposits and other	8,225	6,220
Prepaid and refundable federal and state income taxes	0	55
Deferred tax assets	3,464	3,464
Total current assets	113,014	106,065
Net property and equipment	55,380	57,993
Radio broadcasting licenses	807,381	807,381
Goodwill	32,718	32,629
Assets held for sale	630	6,106
Investment in deconsolidated subsidiaries	0	0
Deferred charges and other assets, net of accumulated amortization	7,768	5,471
TOTAL ASSETS	1,016,891	1,015,645
Liabilities Abstract
Accounts payable	55	73
Accrued expenses	16,249	16,772
Accrued compensation and other current liabilities	25,935	19,924
Financing method lease obligations, current portion	0	0
Long-term debt, current portion	6,640	31,832
Total current liabilities	48,879	68,601
Long-term debt, net of current portion	432,271	448,724
Deferred tax liabilities	97,583	81,643
Other long-term liabilities	27,079	27,608
Total long-term liabilities	556,933	557,975
Total liabilities	605,812	626,576
CONTINGENCIES AND COMMITMENTS
Perpetual Cumulative Convertible Preferred Stock	27,732	27,619
SHAREHOLDERS' EQUITY:
Preferred stock	0	0
Common stock	406	397
Additional paid-in capital	606,976	611,754
Accumulated deficit	(224,035)	(250,701)
Accumulated other comprehensive income (loss)	0	0
Total shareholders' equity	383,347	361,450
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,016,891	$ 1,015,645