XML 44 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions (Details Textual) (USD $)
1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Feb. 29, 2012
Dec. 31, 2012
Surtsey Media [Member]
Dec. 31, 2011
Surtsey Media [Member]
Dec. 31, 2010
Surtsey Media [Member]
Mar. 31, 2003
Surtsey Media [Member]
Dec. 31, 2012
Surtsey Productions Inc [Member]
Dec. 31, 2011
Surtsey Productions Inc [Member]
Dec. 31, 2010
Surtsey Productions Inc [Member]
Dec. 19, 2011
CEO [Member]
Dec. 31, 2012
CEO [Member]
Related Party Transactions [Line Items]                    
Annual base salary                   $ 860,000
Increase decrease in percentage of officers compensation                 3.00%  
Employment agreement                   In June 2011, we entered into a new employment agreement with Edward K. Christian, Chairman, President and CEO, which became effective as of June 1, 2011, and replaces and supersedes his prior employment agreement. The new employment agreement terminates on March 31, 2018. The agreement provides for an annual base salary of $860,000 (subject to annual increases on each anniversary date not less than the greater of 3% or a defined cost of living increase). Mr. Christian may defer any or all of his annual salary.
Average annual compensation                   1,185,000
Deferred compensation details                   On December 15, 2010, Mr. Christian agreed to defer approximately $134,000 of his 2011 salary to be paid 100% on January 20, 2012. On December 19, 2011, Mr. Christian agreed to defer approximately $100,000 of his 2012 salary to be paid 100% on January 25, 2013. On December 27, 2012, Mr. Christian agreed to defer approximately $100,000 of his 2013 salary to be paid 100% on January 10, 2014.
TBA fees, KCVT   3,100 3,100 3,100            
Extension fees paid, KVCT   27,950                
Station agreement fees, KFJX   4,100 4,100 4,100            
Extension fees paid, KFJX   37,050                
Debt guaranteed         1,250,000          
Debt guaranteed and outstanding   1,078,000                
Intangible assets, KFJX-TV     1,000,000              
Option agreement to puchase KFJX     1,200,000              
Extended term of agreement   Jun. 01, 2013                
Proceeds from rents received           10,000 10,000 18,000    
Fair market value of vehicle sold $ 38,000