v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement Abstract        
Revenues $ 378,508 $ 122,299 $ 1,051,192 $ 346,270
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 279,651 87,853 811,214 256,022
Depreciation and amortization expense 10,608 2,904 29,745 8,068
Corporate general and administrative expenses, including non-cash compensation expense 15,897 9,335 53,598 28,776
Integration Costs 2,761 0 21,984 0
Restructuring Charges 852 0 3,019 0
Merger and acquisition costs and restructuring charges 697 8,825 2,768 24,925
Impairment loss 0 0 28,988 441
Total Restructuring Charge and Transition Services     0  
Net time brokerage agreement (income) fees (150) 0 (1,242) 34
Net (gain) loss on sale or disposal of assets (10,541) (103) (10,856) 13,155
Total operating expense 299,775 108,814 939,218 331,421
OPERATING INCOME (LOSS) 78,733 13,485 111,974 14,849
OTHER (INCOME) EXPENSE:        
Net interest expense 25,923 6,476 75,033 18,586
Net (gain) loss on extinguishment of debt     0 0
TOTAL OTHER (INCOME) EXPENSE 0 0 0 0
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 52,810 7,009 36,941 (3,737)
INCOME TAXES (BENEFIT) 16,220 2,909 12,960 (4,921)
INCOME (LOSS) FROM CONTINUING OPERATIONS 36,590 4,100 23,981 1,184
Preferred stock dividend 0 (663) 0 (1,763)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS 36,590 3,437 23,981 (579)
Income Loss From Discontinued Operations Net Of Tax 358 0 1,530 0
NET INCOME (LOSS) $ 36,948 $ 3,437 $ 25,511 $ (579)
NET INCOME (LOSS) PER SHARE - BASIC        
Income (loss) from continuing operations $ 0.26 $ 0.09 $ 0.17 $ (0.01)
Income (loss) from discontinued operations, net of income (taxes) benefit 0 0 0.01 0
NET INCOME (LOSS) PER SHARE - BASIC 0.27 0.09 0.18 (0.01)
NET INCOME (LOSS) PER SHARE - DILUTED        
Income (loss) from continuing operations 0.26 0.09 0.17 (0.01)
Income (loss) from discontinued operations, net of income (taxes) benefit 0 0 0.01 0
NET INCOME (LOSS) PER SHARE - DILUTED 0.27 0.09 0.18 (0.01)
DIVIDENDS DECLARED AND PAID PER COMMON SHARE $ 0.09 $ 0.275 $ 0.27 $ 0.425
WEIGHTED AVERAGE SHARES:        
Basic 138,740,243 38,954,788 138,901,037 38,947,533
Diluted 139,102,560 39,727,976 139,684,890 38,947,533