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Investments | 12 Months Ended
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Dec. 31, 2011
Investments [Abstract] |
Investments | NOTE 3 – INVESTMENTS The Company's most significant investments in nonconsolidated affiliates are listed below: Australian Radio Network The Company owns a fifty-percent (50%) interest in Australian Radio Network ("ARN"), an Australian company that owns and operates radio stations in Australia and New Zealand. Summarized Financial Information The following table summarizes the Company's investments in nonconsolidated affiliates:
|  |  | $000,00000 |  |  |  | $000,00000 |  |  |  | $000,00000 |
(In thousands) |  | ARN |  |  | All Others |  |  | Total |
Balance at December 31, 2009 |  | $ | 320,778 |  |  | $ | 24,571 |  |  | $ | 345,349 |
Reclass to cost method investments and other |  |  | — |  |  |  | 1,574 |  |  |  | 1,574 |
Dispositions of investments, net |  |  | — |  |  |  | (987) |  |  |  | (987) |
Cash advances |  |  | — |  |  |  | 2,556 |  |  |  | 2,556 |
Equity in net earnings (loss) |  |  | 15,685 |  |  |  | (9,983) |  |  |  | 5,702 |
Foreign currency transaction adjustment |  |  | (6,881) |  |  |  | — |  |  |  | (6,881) |
Foreign currency translation adjustment |  |  | 21,589 |  |  |  | (434) |  |  |  | 21,155 |
Distributions received |  |  | (8,386) |  |  |  | (2,331) |  |  |  | (10,717) |
Balance at December 31, 2010 |  | $ | 342,785 |  |  | $ | 14,966 |  |  | $ | 357,751 |
Cash advances (repayments) |  |  | — |  |  |  | (929) |  |  |  | (929) |
Dispositions of investments, net |  |  | — |  |  |  | (6,316) |  |  |  | (6,316) |
Equity in earnings |  |  | 20,958 |  |  |  | 6,000 |  |  |  | 26,958 |
Foreign currency transaction adjustment |  |  | (153) |  |  |  | — |  |  |  | (153) |
Foreign currency translation adjustment |  |  | (1,125) |  |  |  | 290 |  |  |  | (835) |
Distributions received |  |  | (15,088) |  |  |  | (1,701) |  |  |  | (16,789) |
Other |  |  | — |  |  |  | — |  |  |  | — |
Balance at December 31, 2011 |  | $ | 347,377 |  |  | $ | 12,310 |  |  | $ | 359,687 |
The investments in the table above are not consolidated, but are accounted for under the equity method of accounting, whereby the Company records its investments in these entities in the balance sheet as "Other assets." The Company's interests in their operations are recorded in the statement of operations as "Equity in earnings (loss) of nonconsolidated affiliates

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- Definition The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6903645&loc=d3e32787-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6903645&loc=d3e32847-111569 + Details
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