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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Condensed Consolidated Statements of Operations [Abstract]    
Broadcast revenues$ 131,845$ 66,434$ 256,632$ 190,531
Management fees4581,0212,7083,021
Net revenues132,30367,455259,340193,552
Operating expenses:    
Direct operating expenses (excluding depreciation, amortization and LMA fees)77,87340,486154,586120,829
Depreciation and amortization11,2192,22215,2317,130
LMA fees5306071,6701,500
Corporate, general and administrative expenses (including non-cash stock-based compensation of $956, $556, $2,142 and $1,016, respectively)44,6544,68061,92413,824
Gain on exchange of assets or stations  (15,278) 
Realized loss on derivative instrument1,4367462,6811,810
Total operating expenses135,71248,741220,814145,093
Operating (loss) income(3,409)18,71438,52648,459
Non-operating (expense) income:    
Interest expense, net(19,503)(7,586)(34,999)(23,728)
Loss on early extinguishment of debt  (4,366) 
Other income (expense), net181(6)87(87)
Gain on equity investment in Cumulus Media Partners, LLC11,636 11,636 
Total non-operating expense, net(7,686)(7,592)(27,642)(23,815)
(Loss) income before income taxes(11,095)11,12210,88424,644
Income tax benefit (expense)70,633(1,391)66,114(2,753)
Net income$ 59,538$ 9,731$ 76,998$ 21,891
Basic and diluted income per common share (see Note 9, "Earnings Per Share"):    
Basic income per common share$ 0.64$ 0.23$ 1.27$ 0.52
Diluted income per common share$ 0.60$ 0.23$ 1.21$ 0.51
Weighted average basic common shares outstanding75,186,75740,371,65953,433,81040,322,079
Weighted average diluted common shares outstanding80,364,34741,466,48055,741,77341,241,895