Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 33,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 65,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade accounts receivable (net of allowances of $10,809 in 2013 and $12,727 in 2014) 34,781,000us-gaap_AccountsReceivableNetCurrent 37,627,000us-gaap_AccountsReceivableNetCurrent
Other receivables 3,546,000us-gaap_OtherReceivablesNetCurrent 720,000us-gaap_OtherReceivablesNetCurrent
Inventories (net of reserves of $1,227 in 2014) 572,000us-gaap_InventoryNet   
Prepaid expenses 5,580,000us-gaap_PrepaidExpenseCurrent 4,049,000us-gaap_PrepaidExpenseCurrent
Deferred income taxes 8,153,000us-gaap_DeferredTaxAssetsNetCurrent 6,876,000us-gaap_DeferredTaxAssetsNetCurrent
Assets held for sale 1,700,000us-gaap_LandAvailableForSale 1,700,000us-gaap_LandAvailableForSale
Assets of discontinued operations    8,000us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current assets 54,365,000us-gaap_AssetsCurrent 51,045,000us-gaap_AssetsCurrent
Notes receivable (net of allowance of $548 in 2013 and $539 in 2014) 228,000us-gaap_NotesAndLoansReceivableNetNoncurrent 1,866,000us-gaap_NotesAndLoansReceivableNetNoncurrent
Fair value of interest rate swap 475,000us-gaap_DerivativeFairValueOfDerivativeAsset 3,177,000us-gaap_DerivativeFairValueOfDerivativeAsset
Property and equipment (net of accumulated depreciation of $145,215 in 2013 and $155,495 in 2014) 99,227,000us-gaap_PropertyPlantAndEquipmentNet 98,928,000us-gaap_PropertyPlantAndEquipmentNet
Broadcast licenses 385,726,000us-gaap_IndefiniteLivedLicenseAgreements 381,836,000us-gaap_IndefiniteLivedLicenseAgreements
Goodwill 24,684,000us-gaap_Goodwill 22,374,000us-gaap_Goodwill
Other indefinite-lived intangible assets 833,000us-gaap_OtherIndefiniteLivedIntangibleAssets 868,000us-gaap_OtherIndefiniteLivedIntangibleAssets
Amortizable intangible assets (net of accumulated amortization of $27,933 in 2013 and $34,130 in 2014) 12,395,000us-gaap_FiniteLivedIntangibleAssetsNet 8,793,000us-gaap_FiniteLivedIntangibleAssetsNet
Deferred financing costs 3,166,000us-gaap_DeferredFinanceCostsNoncurrentNet 4,130,000us-gaap_DeferredFinanceCostsNoncurrentNet
Other assets 2,060,000us-gaap_OtherAssetsNoncurrent 2,096,000us-gaap_OtherAssetsNoncurrent
Total assets 583,159,000us-gaap_Assets 575,113,000us-gaap_Assets
Current liabilities:    
Accounts payable 2,964,000us-gaap_AccountsPayableCurrent 3,960,000us-gaap_AccountsPayableCurrent
Accrued expenses 12,704,000us-gaap_AccruedLiabilitiesCurrent 7,888,000us-gaap_AccruedLiabilitiesCurrent
Accrued compensation and related expenses 8,777,000us-gaap_EmployeeRelatedLiabilitiesCurrent 6,913,000us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued interest 48,000us-gaap_InterestPayableCurrent 37,000us-gaap_InterestPayableCurrent
Deferred revenue 13,205,000us-gaap_DeferredRevenueCurrent 9,721,000us-gaap_DeferredRevenueCurrent
Income tax payable 154,000us-gaap_AccruedIncomeTaxesCurrent 142,000us-gaap_AccruedIncomeTaxesCurrent
Current portion of long-term debt and capital lease obligations 1,898,000us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 3,121,000us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Total current liabilities 39,750,000us-gaap_LiabilitiesCurrent 31,782,000us-gaap_LiabilitiesCurrent
Long-term debt and capital lease obligations, less current portion 275,607,000us-gaap_LongTermDebtAndCapitalLeaseObligations 287,672,000us-gaap_LongTermDebtAndCapitalLeaseObligations
Deferred income taxes 49,109,000us-gaap_DeferredTaxLiabilitiesNoncurrent 43,457,000us-gaap_DeferredTaxLiabilitiesNoncurrent
Deferred revenue 10,576,000us-gaap_DeferredRevenueNoncurrent 9,965,000us-gaap_DeferredRevenueNoncurrent
Other liabilities 4,123,000us-gaap_OtherLiabilitiesNoncurrent 452,000us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 379,165,000us-gaap_Liabilities 373,328,000us-gaap_Liabilities
Commitments and contingencies (Note 10)      
Stockholders' Equity:    
Additional paid-in capital 240,493,000us-gaap_AdditionalPaidInCapitalCommonStock 237,579,000us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (2,770,000)us-gaap_RetainedEarningsAccumulatedDeficit (2,062,000)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost (2,317,650 shares at December 31, 2013 and 2014) (34,006,000)us-gaap_TreasuryStockValue (34,006,000)us-gaap_TreasuryStockValue
Total stockholders' equity 203,994,000us-gaap_StockholdersEquity 201,785,000us-gaap_StockholdersEquity
Total liabilities and stockholders' equity 583,159,000us-gaap_LiabilitiesAndStockholdersEquity 575,113,000us-gaap_LiabilitiesAndStockholdersEquity
Class A Common Stock [Member]    
Stockholders' Equity:    
Common stock 221,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember 		218,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Common Stock [Member]    
Stockholders' Equity:    
Common stock $ 56,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember 		$ 56,000us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember