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Income Taxes
3 Months Ended
May. 31, 2015
Income Taxes [Abstract]  
Income Tax Disclosure [Text Block]
Income Taxes
The effective income tax rate was 47% for the three months ended May 31, 2014. Our effective tax rate was higher than
our estimated annual effective tax rate as a discrete expense of $0.9 million was recorded during the quarter. This expense
related to the effect of increasing our statutory rate by 1% on existing deferred tax liabilities due to changes in state tax laws
and the effect of the WBLS-FM and WLIB-AM LMA on our income apportionments.
The effective income tax rate was 30% for the three months ended May 31, 2015. During the three months ended May 31, 2015, the Company recorded a valuation allowance for its net deferred tax assets generated during the quarter, including its net operating loss carryforwards, but excluding deferred tax liabilities related to indefinite-lived intangibles.