v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets Abstract    
Cash and cash equivalents $ 3,625 $ 3,768
Accounts receivable, net of allowance for doubtful accounts 69,053 70,897
Prepaid expenses, deposits and other 5,376 5,370
Prepaid and refundable federal and state income taxes 317 810
Deferred tax assets 3,035 651
Insurance claim receivable 0 0
Total current assets 81,406 81,496
Investments 187 217
Net property and equipment 58,393 62,729
Radio broadcasting licenses 715,902 707,852
Goodwill 38,891 38,168
Assets held for sale 0 0
Investment in deconsolidated subsidiaries 0 0
Deferred charges and other assets, net of accumulated amortization 24,515 10,563
TOTAL ASSETS 919,294 901,025
Liabilities Abstract    
Accounts payable 429 4,209
Accrued expenses 12,509 7,537
Accrued compensation and other current liabilities 14,682 13,476
Insurance claim payable 0 0
Non-controlling interest - variable interest entity 0 0
Long-term debt, current portion 3,778 165,026
Total current liabilities 31,398 190,248
Long-term debt, net of current portion 598,446 485,122
Financing method lease obligations 12,610 12,610
Deferred tax liabilities 11,317 23,704
Other long-term liabilities 14,379 18,674
Total long-term liabilities 636,752 540,110
Total liabilities 668,150 730,358
CONTINGENCIES AND COMMITMENTS      
SHAREHOLDERS' EQUITY:    
Preferred stock 0 0
Common stock 382 381
Additional paid-in capital 597,327 592,643
Accumulated deficit (346,565) (415,080)
Accumulated other comprehensive income (loss) 0 (7,277)
Total shareholders' equity 251,144 170,667
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 919,294 901,025
Common Class A Member
    
SHAREHOLDERS' EQUITY:    
Common stock 310 307
Common Class B Member
    
SHAREHOLDERS' EQUITY:    
Common stock 72 74
Common Class C Member
    
SHAREHOLDERS' EQUITY:    
Common stock $ 0 $ 0