Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Net broadcast revenue $ 45,576 $ 43,247
Net Internet and e-commerce revenue 12,910 9,716
Net publishing revenue 3,847 2,665
Total revenue 62,333 55,628
Operating expenses:    
Broadcast operating expenses exclusive of depreciation and amortization shown below (including $352 and $359 for the three months ended March 31, 2013 and 2014, respectively, paid to related parties) 31,189 29,567
Internet operating expenses exclusive of depreciation and amortization shown below 9,817 6,841
Publishing operating expenses exclusive of depreciation and amortization shown below 4,419 3,023
Corporate expenses exclusive of depreciation and amortization shown below (including $135 and $171 for the three months ended March 31, 2013 and 2014, respectively, paid to related parties) 6,830 5,796
Depreciation 3,129 3,122
Amortization 1,608 693
Change in the estimated fair value of contingent earn-out consideration 127  
(Gain) loss on the sale or disposal of assets (117) 4
Total operating expenses 57,002 49,046
Operating income (loss) from continuing operations 5,331 6,582
Other income (expense):    
Interest income 15 21
Interest expense (including $154 for the three months ended March 31, 2013 paid to related parties ) (3,779) (5,723)
Change in the fair value of interest rate swap (1,096) (429)
Loss on early retirement of long-term debt (8) (27,721)
Net miscellaneous income and expenses 66 6
Income (loss) from continuing operations before income taxes 529 (27,264)
Provision for (benefit from) income taxes 98 (8,682)
Income (loss) from continuing operations 431 (18,582)
Income (loss) from discontinued operations   (11)
Net income (loss) $ 431 $ (18,593)
Basic earnings per share data:    
Earnings (loss) per share from continuing operations $ 0.02 $ (0.75)
Earnings (loss) per share from discontinued operations      
Basic earnings (loss) per share $ 0.02 $ (0.75)
Diluted earnings per share data:    
Earnings (loss) per share from continuing operations $ 0.02 $ (0.75)
Earnings (loss) per share from discontinued operations      
Diluted earnings (loss) per share $ 0.02 $ (0.75)
Distributions per share $ 0.06 $ 0.05
Basic weighted average shares outstanding 25,064,982 24,632,431
Diluted weighted average shares outstanding 25,881,811 24,632,431