RELATED PERSON TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Related person transactions

Schedule of capital leases payable related to the aforementioned relationships

Notes payable, capital leases and the Bank Credit Agreement consisted of the following as of December 31, 2015 and 2014 (in thousands):

	2015			2014
Bank Credit Agreement, Term Loan A	$	313,620		$	348,073
Bank Credit Agreement, Term Loan B	1,379,626			1,039,876
Revolving credit facility	—			338,000
6.375% Senior Unsecured Notes, due 2021	350,000			350,000
5.375% Senior Unsecured Notes, due 2021	600,000			600,000
6.125% Senior Unsecured Notes, due 2022	500,000			500,000
5.625% Senior Unsecured Notes, due 2024	550,000			550,000
Debt of variable interest entities	26,682			30,167
Debt of other non-media subsidiaries	120,969			118,822
Capital leases	34,774			38,836
Total outstanding principal	3,875,671			3,913,774
Less: Discount on Bank Credit Agreement, Term Loan B	(3,618		)	(3,992		)
Less: Deferred financing costs	(38,709		)	(41,844		)
Less: Current portion	(164,184		)	(113,116		)
Net carrying value of long-term debt	$	3,669,160		$	3,754,822

Capital leases payable related to the aforementioned relationships consisted of the following as of December 31, 2015 and 2014 (in thousands):

	2015			2014
Capital lease for building, interest at 8.54%	$	3,508		$	4,972
Capital leases for building, interest at 7.93%	679			932
Capital leases for building, interest at 8.11%	7,432			7,843
Capital leases for broadcasting tower facilities, interest at 8.0%	2,749			390
Capital leases for broadcasting tower facilities, interest at 9.0%	1,958			—
Capital leases for broadcasting tower facilities, interest at 10.5%	4,690			4,797
	21,016			18,934
Less: Current portion	(3,166		)	(2,625		)
	$	17,850		$	16,309

Schedule of capital leases maturity payable to related to the aforementioned relationships

Indebtedness under the notes payable, capital leases and the Bank Credit Agreement as of December 31, 2015 matures as follows (in thousands):

	Notes and Bank Credit Agreement			Capital Leases			Total
2016	$	162,445		$	4,792		$	167,237
2017	79,101			4,819			83,920
2018	243,105			4,846			247,951
2019	14,545			4,957			19,502
2020	615,440			4,704			620,144
2021 and thereafter	2,726,261			33,089			2,759,350
Total minimum payments	3,840,897			57,207			3,898,104
Less: Discount on Bank Credit Agreement, Term Loan B	(3,618		)	—			(3,618		)
Less: Deferred financing cost	(38,709		)	—			(38,709		)
Less: Amount representing future interest	—			(22,433		)	(22,433		)
Net carrying value of debt	$	3,798,570		$	34,774		$	3,833,344

Capital leases payable related to the aforementioned relationships as of December 31, 2015 mature as follows (in thousands):

2016	$	5,070
2017	5,061
2018	2,868
2019	2,978
2020	3,093
2021 and thereafter	10,172
Total minimum payments due	29,242
Less: Amount representing interest	(8,226		)
	$	21,016