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RELATED PERSON TRANSACTIONS: (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014 and 2013 (in thousands):

 

 

 

2014

 

2013

 

Bank Credit Agreement, Term Loan A

 

$

348,073

 

$

500,000

 

Bank Credit Agreement, Term Loan B

 

1,039,876

 

646,375

 

Revolving credit facility

 

338,000

 

 

8.375% Senior Unsecured Notes, due 2018

 

 

237,530

 

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

 

 

Debt of variable interest entities

 

30,167

 

55,581

 

Other operating divisions debt

 

118,822

 

86,263

 

Capital leases

 

38,836

 

42,946

 

Total outstanding principal

 

3,913,774

 

3,018,695

 

Less: Discount on Bank Credit Agreement, Term Loan B

 

(3,992

)

(3,642

)

Less: Discount on 8.375% Senior Unsecured Notes, due 2018

 

 

(2,305

)

Less: Current portion

 

(113,116

)

(46,346

)

Net carrying value of long-term debt

 

$

3,796,666

 

$

2,966,402

 

 

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, 2014 matures as follows (in thousands):

 

 

 

Notes and Bank
Credit
Agreement

 

Capital Leases

 

Total

 

2015

 

$

110,980

 

$

5,555

 

$

116,535

 

2016

 

77,574

 

5,159

 

82,733

 

2017

 

75,544

 

5,197

 

80,741

 

2018

 

577,545

 

5,250

 

582,795

 

2019

 

10,987

 

5,344

 

16,331

 

2020 and thereafter

 

3,022,308

 

38,721

 

3,061,029

 

Total minimum payments

 

3,874,938

 

65,226

 

3,940,164

 

Less: Discount on Term Loan B

 

(3,992

)

 

(3,992

)

Less: Amount representing future interest

 

 

(26,390

)

(26,390

)

Net carrying value of debt

 

$

3,870,946

 

$

38,836

 

$

3,909,782

 

 

Controlling shareholders  
Related person transactions  
Schedule of capital leases payable related to the aforementioned relationships

 

Capital leases payable related to the aforementioned relationships consisted of the following as of December 31, 2014 and 2013 (in thousands):

 

 

 

2014

 

2013

 

Capital lease for building, interest at 8.54%

 

$

4,972

 

$

6,267

 

Capital leases for building and tower, interest at 7.93%

 

932

 

1,106

 

Capital leases for building, interest at 8.11%

 

7,843

 

8,141

 

Capital leases for broadcasting tower facilities, interest at 9.0%

 

390

 

860

 

Capital leases for broadcasting tower facilities, interest at 10.5%

 

4,797

 

4,918

 

 

 

18,934

 

21,292

 

Less: Current portion

 

(2,625

)

(2,367

)

 

 

$

16,309

 

$

18,925

 

 

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

 

Capital leases payable related to the aforementioned relationships as of December 31, 2014 mature as follows (in thousands):

 

2015

 

$

4,402

 

2016

 

4,138

 

2017

 

4,102

 

2018

 

1,880

 

2019

 

1,960

 

2020 and thereafter

 

11,084

 

Total minimum payments due

 

27,566

 

Less: Amount representing interest

 

(8,610

)

 

 

$

18,956