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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 16,141 $ 23,835
Receivables:    
Trade 32,046 32,952
Barter 288 270
Total Receivables 32,334 33,222
Less allowance for doubtful accounts 1,529 745
Net receivables 30,805 32,477
Prepaid expenses and other current assets 8,055 6,597
Total current assets 55,001 62,909
Property and equipment, net 23,464 26,406
FCC broadcasting licenses 322,197 323,961
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $1,212 in 2017 and $1,116 in 2016 1,336 1,432
Assets held for sale 409 1,377
Other assets 691 384
Total assets 435,904 449,275
Current liabilities:    
Accounts payable and accrued expenses 18,763 12,733
Accrued interest 1,797 7,290
Unearned revenue 715 1,325
Other liabilities 11 4
12.5% senior secured notes, net of unamortized discount of $0 in 2017 and $629 in 2016 and net of deferred financing costs of $0 in 2017 and $1,138 in 2016. 260,274 273,233
Current portion of other long-term debt   4,616
10 3/4% Series B cumulative exchangeable redeemable preferred stock outstanding and dividends outstanding, $0.01 par value, liquidation value $1,000 per share. Authorized 280,000 shares: 90,549 shares issued and outstanding at December 31, 2017 and 2016 and $75,032 and $65,299 of dividends payable as of December 31, 2017 and 2016, respectively. 165,581 155,848
Total current liabilities 447,141 455,049
Other liabilities, less current portion 3,406 2,955
Derivative instruments   17
Deferred tax liabilities 81,271 107,039
Total liabilities 531,818 565,060
Commitments and contingencies (Note 13, 15 and 16)
Stockholders’ deficit:    
Additional paid-in capital 526,147 525,999
Accumulated other comprehensive loss, net   (102)
Accumulated deficit (622,065) (641,686)
Total stockholders’ deficit (95,914) (115,785)
Total liabilities and stockholders’ deficit 435,904 449,275
Series C convertible preferred stock    
Stockholders’ deficit:    
Series C convertible preferred stock, $0.01 par value and liquidation value. Authorized 600,000 shares; 380,000 shares issued and outstanding at December 31, 2017 and 2016, respectively $ 4 $ 4