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Consolidated Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Net income $ 201,000 $ 12,331,000
Adjustments to reconcile net income:    
Deferred income tax (benefit) expense (1,041,000) 8,890,000
Depreciation and amortization 82,901,000 32,635,000
Amortization of program license rights 23,805,000 9,910,000
Non-cash interest expense 943,000 243,000
(Gain) loss on disposal of property and equipment, net (424,000) 221,000
Gain on relocation of spectrum (5,620,000) 0
Stock-based compensation 6,860,000 171,000
Debt modification and extinguishment costs 2,440,000 183,000
Change in assets and liabilities:    
Program license rights, net of liabilities (23,269,000) (10,199,000)
Trade accounts receivable 19,854,000 951,000
Company owned life insurance (cash surrender value less policy loans including repayments) (347,000) (1,309,000)
Trade accounts payable, accrued expenses and other liabilities (8,599,000) 453,000
Contributions to retirement plans (1,250,000) (47,480,000)
Other, net (66,000) (4,181,000)
Net cash provided by operating activities 96,388,000 2,819,000
Capital expenditures (24,050,000) (8,372,000)
Release of restricted cash at qualified intermediary 119,903,000 0
Payment/deposit for acquisition of station assets 0 (8,340,000)
Deferred proceeds related to sale of property 0 24,535,000
Proceeds from the sale of property and equipment 691,000 1,072,000
Proceeds from spectrum relocation 3,120,000 0
Other, net (69,000) 980,000
Net cash provided (used) by investing activities 99,595,000 9,875,000
Repayment of borrowings   (10,000,000)
Repayment of other borrowings (580,000) 0
Principal borrowings under revolving credit facility 0 10,000,000
Repayment of borrowings under revolving credit facility 0 (10,000,000)
Payment for share repurchases (18,747,000) 0
Payment for the acquisition of noncontrolling interest (9,218,000) 0
Cash paid for debt modification (3,425,000) 0
Other, net 345,000 (946,000)
Net cash used by financing activities (167,825,000) (66,146,000)
Net increase (decrease) in cash and cash equivalents 28,158,000 (53,452,000)
Cash and cash equivalents at beginning of period 43,920,000 71,618,000
Cash and cash equivalents at end of period 72,078,000 18,166,000
Cash paid for interest 63,724,000 20,871,000
Cash paid for income taxes, net 3,838 930
Cash flows from financing activities:    
Net increase (decrease) in cash and cash equivalents 28,158,000 (53,452,000)
Cash and cash equivalents at beginning of period 43,920,000 71,618,000
Cash and cash equivalents at end of period 72,078,000 18,166,000
Cash paid for interest 63,724,000 20,871,000
Cash paid for income taxes, net 3,838 930
Media General Credit Agreement    
Change in assets and liabilities:    
Repayment of borrowings (135,000,000) (64,000,000)
Shield Media Credit Agreement    
Change in assets and liabilities:    
Repayment of borrowings $ (1,200,000) $ (1,200,000)