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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]

As of December 31, 2012 and 2011, the fair values of our financial assets and liabilities measured at fair value on a recurring basis are categorized as follows:

 

    Total     Level 1     Level 2     Level 3  
    (In thousands)  
As of December 31, 2012                                
Assets subject to fair value measurement:                                
Corporate debt securities (a)   $ 192     $ 192     $     $  
Mutual funds (a)     1,502       1,502                  
Total   $ 1,694     $ 1,694     $     $  
                                 
Liabilities subject to fair value measurement:                                
Incentive award plan (b)   $ 5,345     $     $     $ 5,345  
Employment agreement award (c)     11,374                   11,374  
Total   $ 16,719     $     $     $ 16,719  
                                 
Mezzanine equity subject to fair value measurement:                                
Redeemable noncontrolling interests (d)   $ 12,853     $     $     $ 12,853  
                                 
As of December 31, 2011                                
Assets subject to fair value measurement:                                
Corporate debt securities (a)   $ 7,178     $ 7,178     $     $  
Government sponsored enterprise mortgage-backed securities (a)     1,011             1,011        
Total   $ 8,189     $ 7,178     $ 1,011     $  
                                 
Liabilities subject to fair value measurement:                                
Incentive award plan (b)   $ 5,096     $     $     $ 5,096  
Employment agreement award (c)     10,346                   10,346  
Total   $ 15,442     $     $     $ 15,442  
                                 
Mezzanine equity subject to fair value measurement:                                
Redeemable noncontrolling interests (d)   $ 20,343     $     $     $ 20,343  

 

(a) Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.

 

(b) These balances are measured based on the estimated enterprise fair value of TV One. As of December 31, 2012, a third-party valuation firm assisted the Company in determining TV One’s fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.

 

(c) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate investment in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One and an assessment of the probability that the employment agreement will be renewed and contain this provision. The Company’s obligation to pay the award will be triggered only after the Company’s recovery of the aggregate amount of its capital contribution in TV One and only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company or is terminated for cause. As of December 31, 2012, a third-party valuation firm assisted the Company in determining TV One’s fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. (See Note 10 – Derivative Instruments and Hedging Activities.)  Until such time as his new employment agreement is executed, the terms of his April 2008 employment agreement remain in effect including eligibility for the TV One award.

 

(d) The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology.  A third-party valuation firm assisted the Company in calculating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the years ended December 31, 2011 and 2012:

 

    Incentive
Award Plan
    Employment
Agreement
Award
    Redeemable
Noncontrolling
Interests
 
    (In thousands)  
                   
Balance at December 31, 2010   $     $ 6,824     $ 30,635  
Net income attributable to noncontrolling interests                 2,055  
Dividends paid to noncontrolling interests                 (1,511 )
Recognition of TV One management incentive award plan in connection with the consolidation of TV One     6,428            
Change in enterprise fair value     (1,332 )     3,522       (10,836 )
Balance at December 31, 2011   $ 5,096     $ 10,346     $ 20,343  
Cash paid to increase ownership interest                 (2,000 )
Contribution of syndicated programming assets                 (7,546 )
Distribution     (412 )            
Net loss attributable to noncontrolling interests                 (628 )
Change in enterprise fair value     661       1,028       2,684
Balance at December 31, 2012   $ 5,345     $ 11,374     $ 12,853  
                         
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date   $ (661 )   $ (1,028 )   $  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2012, the significant unobservable inputs used in the fair value measurements were as follows:

 

Level 3 liabilities   Valuation
Technique
  Significant
Unobservable
Inputs
  Significant
Unobservable
Input Value
 
               
Incentive Award Plan   Discounted Cash Flow   Discount Rate     10.75 %
Incentive Award Plan   Discounted Cash Flow   Long-term Growth Rate     3.0 %
Employment Agreement Award   Discounted Cash Flow   Discount Rate     10.75 %
Employment Agreement Award   Discounted Cash Flow   Long-term Growth Rate     3.0 %
Redeemable Noncontrolling Interest   Discounted Cash Flow   Discount Rate     11.5 %
Redeemable Noncontrolling Interest   Discounted Cash Flow   Long-term Growth Rate     2.0 %
Schedule Of Launch Assets [Table Text Block]

The gross value and accumulated amortization of the launch assets is as follows:

    As of December 31,  
    2012     2011  
    (In thousands)  
             
Launch assets   $ 39,597     $ 39,543  
Less: Accumulated amortization     (17,067 )     (7,106 )
Launch assets, net   $ 22,530     $ 32,437  
Schedule Of Launch Assets Future Amortization Expense [Table Text Block]

Future estimated launch support amortization expense or revenue reduction related to launch assets for years 2013 through 2015 is as follows:

 

    (In thousands)  
       
2013   $ 9,958  
2014   $ 9,913  
2015   $ 2,659