Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

 v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 1,370 $ 828
Restricted cash 100 100
Trade accounts receivable (less allowance for doubtful accounts of $10,040 in 2010 and $10,011 in 2011) 30,225 29,363
Other receivables 463 623
Prepaid expenses 3,990 3,320
Deferred income taxes 5,665 5,974
Total current assets 41,813 40,208
Property, plant and equipment (net of accumulated depreciation of $117,212 in 2010 and $121,129 in 2011) 113,877 115,867
Broadcast licenses 369,367 378,362
Goodwill 20,342 18,361
Other indefinite-lived intangible assets 1,961 1,961
Amortizable intangible assets (net of accumulated amortization of $20,496 in 2010 and $21,734 in 2011) 7,948 5,528
Deferred financing costs 6,125 7,349
Notes receivable 3,250 2,327
Other assets 1,063 4,523
Total assets 565,746 574,486
Current liabilities:    
Accounts payable 3,206 961
Accrued expenses 5,257 6,020
Accrued compensation and related expenses 7,138 7,730
Accrued interest 1,119 1,264
Deferred revenue 7,398 6,513
Income tax payable 114 210
Current portion of long-term debt and capital lease obligations 121 111
Total current liabilities 24,353 22,809
Long-term debt and capital lease obligations, less current portion 288,058 304,416
Deferred income taxes 44,727 42,296
Deferred revenue 7,759 7,898
Other liabilities 229 663
Total liabilities 365,126 378,082
Commitments and contingencies (Note 15)    
Stockholders' equity:    
Additional paid-in capital 231,475 230,947
Retained earnings (loss) 2,885 (802)
Treasury stock, at cost (2,317,650 shares at December 31, 2010 and June 30, 2011) (34,006) (34,006)
Total stockholders' equity 200,620 196,404
Total liabilities and stockholders' equity 565,746 574,486
Class A Common Stock
    
Stockholders' equity:    
Common Stock 210 209
Class B Common stock
    
Stockholders' equity:    
Common Stock $ 56 $ 56