DISCONTINUED OPERATIONS:

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

3.  DISCONTINUED OPERATIONS:

As of June 2011, our then remaining Boston radio station was made the subject of an LMA whereby we made available, for a fee, air time on this station to another party. As of November 2012, our Columbus, Ohio radio station operating under the call letters WJKR was made the subject of an LMA and was subsequently sold on February 15, 2013. The remaining assets and liabilities of stations sold and stations that we do not operate as they are the subject of an LMA have been reclassified as discontinued operations as of March 31, 2013, and December 31, 2012. Thus, stations sold and stations that we do not operate that are the subject of an LMA results from operations for the three months ended March 31, 2013 and 2012, have been reclassified as discontinued operations in the accompanying consolidated financial statements.

The following table summarizes the operating results for the stations sold and stations that we do not operate that are the subject of an LMA and are classified as discontinued operations for all periods presented:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Net revenue	$	—	$	78
Station operating expenses		65		165
Depreciation and amortization		12		18
Interest income		87		90
Gain on sale of assets		893		—
Income (loss) from discontinued operations, net of tax	$	903	$	(15)

The assets and liabilities of these stations classified as discontinued operations in the accompanying consolidated balance sheets consisted of the following: 

	As of
	March 31,		December 31,
	2013		2012
	(Unaudited)
	(In thousands)
Currents assets:
Accounts receivable, net of allowance for doubtful accounts	$	115	$	127
Total current assets		115		127
Intangible assets, net		1,202		4,302
Property and equipment, net		200		264
Total assets	$	1,517	$	4,693
Current liabilities:
Other current liabilities	$	112	$	107
Total current liabilities		112		107
Long-term liabilities		16		23
Total liabilities	$	128	$	130