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ACQUISITIONS, DIVERSTITURES AND PRO FORMA SUMMARY (Block) | 9 Months Ended
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Sep. 30, 2013
Business Combinations [Abstract] |
Mergers Acquisitions And Dispositions Disclosures Text Block | 12. ACQUISITION S AND OTHER Acquisition-Related Lease Abandonment Costs During the second quarter of 2013, the Company entere d into a sublease for previously abandoned studio space. A s a result, the Company eliminated a lease abandonment liability of $0.7 million and recorded a reduction to station operating expense s of $0.6 million, net of broker's commission. As background, i n connection with the Company's acquisition on February 28, 2011 of KUFX-FM, San Jose, California, the Company assumed a lease for surplus studio space. The Company recorded a lease abandonment expense of $0.8 million during the first quarter of 2011. Lease abandonment costs include required future lease payments offset by estimated sublease income. Due to soft rental conditions at the time of the acquisition, including a higher than normal vacancy rate that was expected to continue throughout the remaining term of the lease, the Company did not include an estimate for any sublease income. The lease abandonment liability was discounted using a credit risk adjusted basis utilizing the estimated rental cash flows over the remaining term of the agreement. The lease expires during the third quarter of 2018.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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