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Property and Equipment

12 Months Ended

Dec. 31, 2012

Note 5—Property and Equipment

Property and equipment consisted of the following (in thousands):

	December 31,

	2012			2011
Land and land improvements	$	21,147		$	16,220
Buildings and fixtures		176,940			131,993
Broadcast equipment and other		314,011			250,168

Total property and equipment		512,098			398,381
Less accumulated depreciation		(268,503	)		(252,952	)

Property and equipment, net	$	243,595		$	145,429

We recorded depreciation expense of $32.1 million, $26.2 million and $27.0 million for the years ended December 31, 2012, 2011 and 2010, respectively.

During the year ended December 31, 2010 we received $0.1 million of equipment and recognized a gain of $3.7 million, which is recorded in loss (gain) from asset dispositions in our consolidated statements of operations, related to an exchange of analog equipment for comparable digital equipment with Sprint Nextel Corporation.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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