Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net broadcast revenue $ 43,247,000 $ 43,957,000
Net Internet revenue 9,716,000 7,434,000
Net publishing revenue 2,665,000 2,893,000
Total revenue 55,628,000 54,284,000
Operating expenses:    
Broadcast operating expenses exclusive of depreciation and amortization 29,567,000 29,142,000
Internet operating expenses exclusive of depreciation and amortization shown below 6,841,000 5,924,000
Publishing operating expenses exclusive of depreciation and amortization shown below 3,023,000 2,971,000
Corporate expenses exclusive of depreciation and amortization 5,796,000 4,867,000
Depreciation 3,122,000 3,030,000
Amortization 693,000 589,000
(Gain) loss on disposal of assets 4,000 (169,000)
Total operating expenses 49,046,000 46,354,000
Operating income from continuing operations 6,582,000 7,930,000
Other income (expense):    
Interest income 21,000 31,000
Interest expense (including $75 and $154, respectively, for the quarters ended March 31, 2012 and 2013 on related party debt) (5,723,000) (6,396,000)
Change in fair value of interest rate swaps (429,000)  
Loss on early retirement of long-term debt (27,721,000)  
Other (income) expense, net 6,000 7,000
Income (loss) from continuing operations before income taxes (27,264,000) 1,572,000
Provision for (benefit from) income taxes (8,682,000) 687,000
Income (loss) from continuing operations (18,582,000) 885,000
Loss from discontinued operations, net of tax (11,000) (42,000)
Net income (loss) $ (18,593,000) $ 843,000
Basic earnings (loss) per share data:    
Earnings (loss) per share from continuing operations $ (0.75) $ 0.04
Earnings (loss) per share from discontinued operations      
Basic (loss) earnings per share $ (0.75) $ 0.03
Diluted earnings (loss) per share data:    
Earnings (loss) per share from continuing operations $ (0.75) $ 0.04
Earnings (loss) per share from discontinued operations      
Diluted (loss) earnings per share $ (0.75) $ 0.03
Dividends per share $ 0.05 $ 0.04
Basic weighted average shares outstanding 24,632,431 24,564,947
Diluted weighted average shares outstanding 24,632,431 24,753,671