Quarterly Results Of Operations

12 Months Ended

Dec. 31, 2011

Quarterly Results Of Operations [Abstract]

15. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the quarterly results of operations for the years ended December 31, 2011 and 2010 (in thousands, except per share data):


Year ended December 31, 2011:	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Net revenue	$	44,044		$	50,265		$	50,115		$	49,972		$	194,396
Net income (loss) applicable to common stockholders		(4,432	)		(352	)		(1,384	)		(2,032	)		(8,200	)
Net income (loss) per share, basic and diluted	$	(0.05	)	$	0.00		$	(0.02	)	$	(0.02	)	$	(0.10	)

Year ended December 31, 2010:	First Quarter			Second Quarter			Third Quarter			Fourth Quarter(1)			Total
Net revenue	$	43,073		$	53,431		$	53,325		$	50,647		$	200,476
Net income (loss) applicable to common stockholders		(2,184	)		6,963			6,408			(29,273	)		(18,086	)
Net income (loss) per share, basic and diluted	$	(0.03	)	$	0.08		$	0.08		$	(0.35	)	$	(0.21	)

(1)	During the fourth quarter of 2010 the Company recorded an impairment charge of $36.1 million relating to goodwill and FCC licenses (see Note 4)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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