Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLAN (Tables)

v3.3.0.814
STOCK INCENTIVE PLAN (Tables)
 9 Months Ended
Sep. 30, 2015
STOCK INCENTIVE PLAN [Abstract]  
Schedule of Stock-Based Compensation Expense Recognized
 

Three Months Ended
September 30,

  

Nine Months Ended
September 30,
    2014       2015   2014   2015
  (Dollars in thousands)
Stock option compensation expense included in corporate expenses   $  223     $ 97   $ 843     $ 413
Restricted stock awards compensation expense included in corporate expenses      —        14       —       29
Stock option compensation expense included in broadcast operating expenses      64        30       253       107
Stock option compensation expense included in digital media operating expenses                40       20       134       75
Stock option compensation expense included in publishing operating expenses     17       9       46       33
Total stock-based compensation expense, pre-tax   $ 344     $ 170     $ 1,276     $ 657
Tax provision for stock-based compensation expense      (137 )      (68 )     (510 )     (263 )
Total stock-based compensation expense, net of tax   $ 207     $ 102     $ 766     $ 394
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 September 30,   Nine Months Ended September 30,  
2014
  2015 2014     2015   
Expected volatility    n/a
    n/a 74.98 %     52.37 %
Expected dividends    n/a
    n/a 2.70 %     4.28 %
Expected term (in years)              n/a
    n/a     7.8       3.0  
Risk-free interest rate    n/a
    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 

(in thousands)

  
   
 
Outstanding at January 1, 2015 1,816,204     $ 4.88     $ 3.39    
  $ 5,718  
Granted 10,000       6.08       1.98              
Exercised     (143,208 )     2.19       1.35              
Forfeited or expired     (54,462 )     12.15       8.05              
Outstanding at September 30, 2015     1,628,534     $ 4.88     $ 3.40     4.5 years   $ 2,769  
Exercisable at September 30, 2015     987,484     $ 4.93     $ 3.55     3.5 years   $ 1,648  
Expected to Vest     608,679     $ 4.81     $ 3.16     5.9 years   $ 1,065  
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

(in thousands)

  
 
Outstanding at January 1, 2015   —     $ —         $ —  
Granted   10,000       5.83     1.0 years     61  
Vested     —       —              
Forfeited     —       —              
Unvested outstanding at September 30, 2015      10,000     $ 5.83     0.5 years   $ 61