Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v2.4.0.6
Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events

NOTE 17. SUBSEQUENT EVENTS

On October 2, 2012, we acquired Godvine.com for $4.2 million. Godvine.com is a website with family-friendly videos that expands our online presence and audience reach.

On October 19, 2012, we entered into an agreement to purchase radio station WJKR-FM in Columbus, Ohio for $4.0 million. We began programming this station under an LMA agreement as of November 1, 2012. The purchase is subject to the approval by the FCC and is expected to close in the first quarter of 2013.

On November 6, 2012, we gave notice to redeem $4.0 million of our 9 5/8% Notes at a price equal to 103% of the face value on December 12, 2012.

Subsequent events reflect all applicable transactions through the date of the filing.