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LONG-TERM DEBT: (Tables)
9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
Schedule Of Long Term Debt [Table Text Block]
 
 
September 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
Senior bank term debt
 
$
374,416
 
$
377,297
 
63/8% Senior Subordinated Notes due February 2013
 
 
 
 
747
 
121/2%/15% Senior Subordinated Notes due May 2016
 
 
327,034
 
 
327,034
 
10% Senior Secured TV One Notes due March 2016
 
 
119,000
 
 
119,000
 
Total debt
 
 
820,450
 
 
824,078
 
Less: current portion
 
 
3,840
 
 
4,587
 
Less: original issue discount
 
 
4,242
 
 
5,360
 
Long-term debt, net
 
$
812,368
 
$
814,131
 
Schedule of Ratios Calculated in Accordance with Credit Agreement [Table Text Block]
As of September 30, 2013, ratios calculated in accordance with the 2011 Credit Agreement, as amended, are as follows:
 
 
As of September
30, 2013
 
 
Covenant 
Limit
 
 
Excess
Coverage
 
 
 
 
 
 
 
 
 
 
 
Pro Forma Last Twelve Months Covenant EBITDA (In millions)
$
97.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma Last Twelve Months Interest Expense (In millions)
$
71.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior Debt (In millions)
$
346.3
 
 
 
 
 
 
 
Total Debt (In millions)
$
673.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Coverage
 
 
 
 
 
 
 
 
 
Covenant EBITDA / Interest Expense
 
1.36
x
 
1.10
x
 
0.26
x
 
 
 
 
 
 
 
 
 
 
Senior Secured Leverage
 
 
 
 
 
 
 
 
 
Senior Secured Debt / Covenant EBITDA
 
3.55
x
 
4.50
x
 
0.95
x
 
 
 
 
 
 
 
 
 
 
Total Leverage
 
 
 
 
 
 
 
 
 
Total Debt / Covenant EBITDA
 
6.91
x
 
8.50
x
 
1.59
x
 
 
 
 
 
 
 
 
 
 
EBITDA - Earnings before interest, taxes, depreciation and amortization
 
 
 
 
 
 
 
 
 
Schedule of Maturities of Long-term Debt [Table Text Block]
Future scheduled minimum principal payments of debt as of September 30, 2013, are as follows:
 
 
 
Credit Facility
 
Senior
Subordinated
Notes
 
TV One Senior
Secured Notes
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
October – December 2013
 
$
960
 
$
 
$
 
$
960
 
2014
 
 
3,840
 
 
 
 
 
 
3,840
 
2015
 
 
3,840
 
 
 
 
 
 
3,840
 
2016
 
 
365,776
 
 
327,034
 
 
119,000
 
 
811,810
 
Total Debt
 
$
374,416
 
$
327,034
 
$
119,000
 
$
820,450