v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Income Statement Abstract        
NET REVENUES $ 104,571 $ 104,650 $ 184,537 $ 187,164
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 67,728 71,248 127,401 133,168
Depreciation and amortization expense 2,737 2,872 5,496 5,764
Corporate general and administrative expenses, including non-cash compensation expense 6,202 6,466 12,830 15,087
Impairment loss 22,307 0 22,307 0
Merger and acquisition costs 0 0 0 1,542
Net time brokerage agreement (income) fees 242 0 242 244
Net (gain) loss on sale or disposal of assets (13) 49 3 69
Total operating expense 99,203 80,635 168,279 155,874
OPERATING INCOME (LOSS) 5,368 24,015 16,258 31,290
OTHER (INCOME) EXPENSE:        
Net interest expense 13,496 5,254 27,569 11,226
Net (gain) loss on extinguishment of debt 0 0 0 0
Net (gain) loss on derivative instruments (558) 0 (1,346) 0
Net (gain) loss on investments 0 0 0 0
Other income (33) (5) (46) (5)
TOTAL OTHER EXPENSE 12,905 5,249 26,177 11,221
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) (7,537) 18,766 (9,919) 20,069
INCOME TAXES (BENEFIT) (4,330) (29,968) (5,663) (29,686)
NET INCOME (LOSS) $ (3,207) $ 48,734 $ (4,256) $ 49,755
NET INCOME (LOSS) PER SHARE - BASIC $ (0.09) $ 1.34 $ (0.12) $ 1.37
NET INCOME (LOSS) PER SHARE - DILUTED $ (0.09) $ 1.29 $ (0.12) $ 1.31
WEIGHTED AVERAGE SHARES:        
Basic 36,685,635 36,352,750 36,668,347 36,337,899
Diluted 36,685,635 37,741,589 36,668,347 37,954,596