Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.3.0.15
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 19 $ 828
Restricted cash   100
Trade accounts receivable (less allowance for doubtful accounts of $10,040 in 2010 and $10,244 in 2011) 30,748 29,363
Other receivables 1,018 623
Prepaid expenses 4,654 3,320
Deferred income taxes 5,842 5,974
Total current assets 42,281 40,208
Property, plant and equipment (net of accumulated depreciation of $117,212 in 2010 and $123,214 in 2011) 112,382 115,867
Broadcast licenses 369,370 378,362
Goodwill 20,343 18,361
Other indefinite-lived intangible assets 1,961 1,961
Amortizable intangible assets (net of accumulated amortization of $20,496 in 2010 and $22,414 in 2011) 7,276 5,528
Deferred financing costs 5,584 7,349
Notes receivable 2,761 2,327
Other assets 1,253 4,523
Total assets 563,211 574,486
Current liabilities:    
Accounts payable 2,166 961
Accrued expenses 5,804 6,020
Accrued compensation and related expenses 6,585 7,730
Accrued interest 7,052 1,264
Deferred revenue 8,049 6,513
Income tax payable 7 210
Current portion of long-term debt and capital lease obligations 119 111
Total current liabilities 29,782 22,809
Long-term debt and capital lease obligations, less current portion 277,586 304,416
Deferred income taxes 45,451 42,296
Deferred revenue 7,893 7,898
Other liabilities 229 663
Total liabilities 360,941 378,082
Commitments and contingencies (Note 14)    
Stockholders' equity:    
Additional paid-in capital 231,640 230,947
Retained earnings (loss) 4,370 (802)
Treasury stock, at cost (2,317,650 shares at December 31, 2010 and September 30, 2011) (34,006) (34,006)
Total stockholders' equity 202,270 196,404
Total liabilities and stockholders' equity 563,211 574,486
Class A Common Stock
    
Stockholders' equity:    
Common Stock 210 209
Class B Common stock
    
Stockholders' equity:    
Common Stock $ 56 $ 56