SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2011 | |
| SUBSEQUENT EVENTS |
NOTE 16. SUBSEQUENT EVENTS On October 17, 2011, we entered an agreement acquire KTNO-AM, Dallas, Texas for $2.2 million. We began programming the station pursuant to a Time Brokerage Agreement with the current owner on November 1, 2011 Subsequent events reflect all applicable transactions through the date of the filing. |
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
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