Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLAN (Tables)

v3.2.0.727
STOCK INCENTIVE PLAN (Tables)
 6 Months Ended
Jun. 30, 2015
STOCK INCENTIVE PLAN [Abstract]  
Schedule of Stock-Based Compensation Expense Recognized
  Three Months Ended June 30,   Six Months Ended June 30,
    2014       2015   2014   2015
  (Dollars in thousands)
Stock option compensation expense included in corporate expenses   $  215     $  88   $ 620     $ 316
Restricted stock awards compensation expense included in corporate expenses      —        14       —       15
Stock option compensation expense included in broadcast operating expenses      64        25       189       77
Stock option compensation expense included in digital media operating expenses                36       19       94       55
Stock option compensation expense included in publishing operating expenses     14       10       29       24
Total stock-based compensation expense, pre-tax   $ 329     $ 156     $ 932     $ 487
Tax provision for stock-based compensation expense      (132 )      (63 )     (373 )     (195 )
Total stock-based compensation expense, net of tax   $ 197     $ 93     $ 559     $ 292
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options and Restricted Stock Awards using Black-Scholes Option Valuation Model
Three Months Ended June 30,   Six Months Ended June 30,  
2014
  2015 2014     2015   
Expected volatility    67.08 %     n/a 74.98 %     52.37 %
Expected dividends    2.82 %     n/a 2.70 %     4.28 %
Expected term (in years)              8.0
    n/a     7.8       3.0  
Risk-free interest rate    2.21 %     n/a     2.27 %     0.85 %
Schedule of Stock Option Activity
Options Shares     Weighted Average
Exercise Price 		    Weighted Average
Grant Date Fair Value 		    Weighted Average
Remaining Contractual
Term 		  Aggregate
Intrinsic Value 		 
    (Dollars in thousands, except weighted average exercise price and weighted average grant date fair value)  
Outstanding at January 1, 2015 1,816,204     $ 4.88     $ 3.39     4.8 years   $ 5,718  
Granted 10,000       6.08       1.98              
Exercised     (137,708 )     2.16       1.31              
Forfeited or expired     (54,462 )     12.15       8.05              
Outstanding at June 30, 2015     1,634,034     $ 4.87     $ 3.40     4.7 years   $ 2,979  
Exercisable at June 30, 2015     885,859     $ 5.22     $ 3.72     3.6 years   $ 1,365  
Expected to Vest     710,395     $ 4.46     $ 3.01     6.0 years   $ 1,532  
Schedule of Information Regarding Restricted Stock Activity
Restricted Stock Awards Shares     Weighted Average
Grant Date Fair Value 		   

Weighted Average Remaining 

Contractual Term

     Aggregate
Intrinsic Value 		 
(Dollars in thousands, except weighted average exercise price and weighted average grant date fair value)  
Outstanding at January 1, 2015   —     $ —          $ —  
Granted   10,000       5.83     1.0 years     63  
Vested     —       —              
Forfeited     —       —              
Unvested outstanding at June 30, 2015      10,000     $ 5.83     0.7 years    $ 63