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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net income (loss) $ 49,755 $ 18,462
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,764 6,647
Amortization of deferred financing costs 1,884 1,490
Deferred taxes (benefit) and other (27,998) 9,139
Tax benefit on exercise of options 0 0
Provision for bad debts 694 742
Net (gain) loss on sale or disposal of assets 69 (9)
Non-cash stock-based compensation expense 4,666 3,102
Net (gain) loss on investments 0 0
Net (gain) loss on derivatives 0 0
Deferred rent 61 (5)
Unearned revenue - long-term 5 0
Net (gain) loss on extinguishment of debt 0 62
Deferred compensation 529 237
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 0 0
Net accretion expense for asset retirement obligations 84 0
Other income (5) (22)
Changes in assets and liabilities:    
Accounts receivable (4,623) (9,014)
Prepaid expenses and deposits (2,463) 15,398
Prepaid and refundable income taxes 445 6,985
Accounts payable and accrued liabilities 8,541 (14,516)
Accrued interest expense (49) (185)
Accrued liabilities - long-term (87) (949)
Prepaid expenses - long-term 152 (431)
Net cash provided by (used in) operating activities 37,424 37,133
INVESTING ACTIVITIES:    
Additions to property and equipment (2,273) (1,474)
Proceeds from sale of property, equipment, intangibles and other assets 199 108
Purchases of radio station assets (9,000) 0
Deferred charges and other assets (1,083) (46)
Purchases of investments 0 0
Proceeds from investments 5 22
Proceeds from termination of radio station contract 0 0
Proceeds from insurance recovery 0 0
Station acquisition deposits and costs 1,350 0
Net cash provided by (used in) investing activities (10,802) (1,390)
FINANCING ACTIVITIES:    
Deferred expenses related to bank facility amendment 0 (5,155)
Proceeds from issuance of long-term debt 22,500 37,500
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (47,513) (65,512)
Retirement of senior subordinated notes 0 (6,579)
Purchase of the Company's common stock 0 0
Proceeds from issuance of employee stock plan 0 0
Proceeds from the exercise of stock options 66 109
Purchase of vested employee restricted stock units (2,976) (1,617)
Payment of dividend equivalents on vested restricted stock units (510) (869)
Dividends 0 0
Net cash provided by (used in) financing activities (28,433) (42,123)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,811) (6,380)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,768 10,751
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,957 4,371
Cash paid during the period for:    
Interest 9,447 12,883
Income taxes 82 82
Dividends $ 0 $ 0