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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 8,990,000 $ 5,595,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,126,000 8,798,000
Amortization of Intangible Assets 3,888,000 2,771,000
Amortization of deferred loan costs 1,071,000 799,000
Net amortization of original issue discount and premium related to long-term debt (216,000) (216,000)
Amortization of restricted stock and stock option awards 1,284,000 993,000
Amortization of program broadcast rights 4,396,000 3,607,000
Payments on program broadcast obligations (3,977,000) (3,588,000)
Common stock contributed to 401(k) plan 6,000 6,000
Deferred income taxes 5,887,000 3,894,000
Gain on disposal of assets, net (1,648,000) (18,000)
Other (505,000) 2,302,000
Changes in operating assets and liabilities:    
Accounts receivable 3,245,000 7,304,000
Other current assets 895,000 (4,121,000)
Accounts payable 1,329,000 1,395,000
Other current liabilities (20,220,000) (12,662,000)
Accrued interest 12,709,000 12,384,000
Net cash provided by operating activities 28,260,000 29,243,000
Investing activities    
Acquisitions of television businesses and licenses (427,448,000) 0
Proceeds from Divestiture of Businesses 11,200,000 0
Purchases of property and equipment (5,931,000) (2,849,000)
Proceeds from asset sales 1,850,000 47,000
Other 167,000 (129,000)
Net cash used in investing activities (420,162,000) (2,931,000)
Financing activities    
Proceeds from borrowings on long-term debt 425,000,000 0
Repayments of borrowings on long-term debt (1,063,000) 0
Proceeds from issuance of common stock 0 167,528,000
Deferred and other loan costs (8,699,000) 4,000
Net cash provided by financing activities 415,238,000 167,532,000
Net increase in cash 23,336,000 193,844,000
Cash at beginning of period 97,318,000 30,769,000
Cash at end of period $ 120,654,000 $ 224,613,000