Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net broadcast revenue $ 45,406 $ 45,471 $ 88,136 $ 86,879
Internet revenue 7,582 4,712 13,794 9,202
Publishing revenue 3,144 2,940 5,985 5,366
Total revenue 56,132 53,123 107,915 101,447
Operating expenses:        
Broadcast operating expenses exclusive of depreciation and amortization 29,054 28,984 56,856 54,981
Internet operating expenses exclusive of depreciation and amortization shown below 6,158 3,946 11,519 7,814
Publishing operating expenses exclusive of depreciation and amortization shown below 2,771 2,785 5,651 5,308
Corporate expenses exclusive of depreciation and amortization 4,204 3,717 8,755 7,986
Depreciation 3,118 3,132 6,301 6,289
Amortization 733 489 1,302 888
(Gain) loss on disposal of assets 150 (18) (4,375) (5)
Total operating expenses 46,188 43,035 86,009 83,261
Operating income 9,944 10,088 21,906 18,186
Other income (expense):        
Interest income 54 46 97 94
Interest expense (7,064) (7,776) (14,299) (15,468)
Loss on early redemption of long-term debt (1,090) (1,050) (1,090) (1,050)
Other income (expense), net (12) 0 (23) (31)
Income before income taxes 1,832 1,308 6,591 1,731
Provision for income taxes 732 610 2,904 829
Net income $ 1,100 $ 698 $ 3,687 $ 902
Basic earnings per share data: $ 0.05 $ 0.03 $ 0.15 $ 0.04
Diluted earnings per share data: $ 0.04 $ 0.03 $ 0.15 $ 0.04
Basic weighted average shares outstanding 24,279,251 23,819,158 24,400,054 23,771,675
Diluted weighted average shares outstanding 24,491,530 24,542,417 24,625,391 24,492,180