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Restructuring
3 Months Ended
Mar. 31, 2012
Restructuring  
Restructuring

 

Note 10 — Restructuring

 

During the three months ended March 31, 2012, we recorded a restructuring charge of $1.4 million for severance and related costs for headcount reductions at WWHO-TV and WUPW-TV as a result of the divestitures of these stations as further described in Note 3 — “Discontinued Operations”.  During the three months ended March 31, 2012, we made cash payments of $0.1 million related to these restructuring actions and expect to make cash payments of $1.3 million during the remainder of 2012.

 

During the year ended December 31, 2011, we recorded a restructuring charge of $0.7 million as a result of the consolidation of certain activities at our stations and our corporate headquarters.  As of December 31, 2011, we had a remaining accrual of $0.5 million related to these restructuring actions.  During the three months ended March 31, 2012, we made cash payments of $0.2 million related to these restructuring actions and expect to make cash payments of $0.3 million during the remainder of 2012.

 

The activity for these restructuring charges are as follows (in thousands):

 

 

 

Severance and

Related

 

Balance as of December 31, 2011

 

$

515

 

Charges

 

1,433

 

Payments

 

(337

)

Balance as of March 31, 2012

 

$

1,611