Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,426 $ 380
Trade accounts receivable (less allowance for doubtful accounts of $8,926 in 2012 and $10,437 in 2013) 34,507 35,009
Other receivables 1,910 609
Prepaid expenses 4,040 3,277
Deferred income taxes 6,248 6,248
Assets held for sale 1,700 1,964
Assets of discontinued operations 8 8
Total current assets 49,839 47,495
Property, plant and equipment (net of accumulated depreciation of $135,823 in 2012 and $143,408 in 2013) 98,759 99,467
Broadcast licenses 381,836 373,720
Goodwill 22,002 22,383
Other indefinite-lived intangible assets 1,528 1,873
Amortizable intangible assets (net of accumulated amortization of $25,121 in 2012 and $27,196 in 2013) 8,136 8,753
Fair value of interest rate swap 2,545  
Deferred financing costs 4,291 4,002
Notes receivable (net of allowance of $702 in 2012 and $562 in 2013) 209 1,662
Other assets 1,944 2,007
Total assets 571,089 561,362
Current liabilities:    
Accounts payable 3,105 4,440
Accrued expenses 7,168 6,627
Accrued compensation and related expenses 7,368 8,668
Accrued interest 1 1,110
Deferred revenue 9,482 9,531
Income tax payable 100 175
Terminated Subordinated Debt due to Related Parties   15,000
Current portion of long-term debt and capital lease obligations 3,118 5,108
Total current liabilities 30,342 50,659
Long-term debt and capital lease obligations, less current portion 290,844 248,872
Deferred income taxes 41,778 47,593
Deferred revenue 9,955 8,140
Other liabilities 20 29
Total liabilities 372,939 355,293
Commitments and contingencies (Note 15)      
Stockholders' equity:    
Additional paid-in capital 236,594 233,974
Retained earnings (accumulated deficit) (4,711) 5,832
Treasury stock, at cost (2,317,650 shares at December 31, 2012 and September 30, 2013) (34,006) (34,006)
Total stockholders' equity 198,150 206,069
Total liabilities and stockholders' equity 571,089 561,362
Class A Common Stock
    
Stockholders' equity:    
Common stock 217 213
Class B common stock
    
Stockholders' equity:    
Common stock $ 56 $ 56