10. Litigation

The Company is subject to various outstanding claims which arise in the ordinary course of business and to other legal proceedings. Management anticipates that any potential liability of the Company, which may arise out of or with respect to these matters, will not materially affect the Company’s financial statements.

Arbitron, Inc. has filed suit against the Company and one of its subsidiaries, Lakefront Communications, LLC, in the United States District Court in Delaware alleging they have infringed certain of Arbitron’s copyrights. The suit seeks $150,000 per act of infringement, the exact amount to be determined at trial plus costs and fees. The Company is in the process of fully investigating these allegations against it and its subsidiary as well as participating in court ordered mediation. Absent a settlement the trial has been scheduled for July 6, 2015. An occurrence of loss is reasonably possible although the amount of such loss cannot be reasonably estimated at this time, due to the discovery being incomplete and the preliminary stage of the case. The Company will continue to participate in the mediation process as well as continuing the discovery process in defense of the suit.