Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 232 $ 65
Trade accounts receivable (net of allowance for doubtful accounts of $10,809 in 2013 and $12,950 in 2014) 35,462 37,627
Other receivables 2,989 720
Inventories (net of reserves of $2,747 in 2014) 740  
Prepaid expenses 6,101 4,049
Deferred income taxes 6,876 6,876
Assets held for sale 1,700 1,700
Assets of discontinued operations   8
Total current assets 54,100 51,045
Notes receivable (net of allowance of $548 in 2013 and $1,018 in 2014) 405 1,866
Fair value of interest rate swap 708 3,177
Property, plant and equipment (net of accumulated depreciation of $145,215 in 2013 and $150,164 in 2014) 101,468 98,928
Broadcast licenses 385,548 381,836
Goodwill 24,727 22,374
Other indefinite-lived intangible assets 868 868
Amortizable intangible assets (net of accumulated amortization of $27,933 in 2013 and $31,070 in 2014) 15,398 8,793
Deferred financing costs 3,800 4,130
Other assets 1,977 2,096
Total assets 588,999 575,113
Current liabilities:    
Accounts payable 4,065 3,960
Accrued expenses 11,783 7,888
Accrued compensation and related expenses 9,699 6,913
Accrued interest 404 37
Deferred revenue 12,580 9,721
Income tax payable 104 142
Current portion of long-term debt and capital lease obligations 1,541 3,121
Total current liabilities 40,176 31,782
Long-term debt and capital lease obligations, less current portion 287,716 287,672
Deferred income taxes 44,105 43,457
Deferred revenue 10,552 9,965
Other liabilities 3,945 452
Total liabilities 386,494 373,328
Commitments and contingencies (Note 16)      
Stockholders' equity:    
Additional paid-in capital 239,561 237,579
Retained earnings (accumulated deficit) (3,326) (2,062)
Treasury stock, at cost (2,317,650 shares at December 31, 2013 and June 30, 2014) (34,006) (34,006)
Total stockholders' equity 202,505 201,785
Total liabilities and stockholders' equity 588,999 575,113
Class A Common Stock
    
Stockholders' equity:    
Common stock 220 218
Class B Common Stock
    
Stockholders' equity:    
Common stock $ 56 $ 56