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Subsequent Events
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9 Months Ended |
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Sep. 30, 2012
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| Subsequent Events |
NOTE 17. SUBSEQUENT EVENTS On October 2, 2012, we acquired Godvine.com for $4.2 million. Godvine.com is a website with family-friendly videos that expands our online presence and audience reach. On October 19, 2012, we entered into an agreement to purchase radio station WJKR-FM in Columbus, Ohio for $4.0 million. We began programming this station under an LMA agreement as of November 1, 2012. The purchase is subject to the approval by the FCC and is expected to close in the first quarter of 2013. On November 6, 2012, we gave notice to redeem $4.0 million of our 9 5/8% Notes at a price equal to 103% of the face value on December 12, 2012. 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. No definition available.
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