BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of assets recorded at fair value on nonrecurring basis

			Fair Value Measurement Using
	September 30, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses)
Broadcasting licenses	$	84,566	$	—	$	—	$	84,566	$	(82,503	)
Total	$	84,566		—		—	$	84,566	$	(82,503	)

Broadcasting licenses measured at fair value on a non-recurring basis

	Fair value at September 30, 2012		Valuation Technique	Unobservable Inputs*	Range (Weighted Average)*
Broadcasting licenses	$	84,566	Discounted cash flow	Television advertising Market, CAGR,%	8 - 11% (9%)
				Costs inflation, CAGR, %	6 - 12% (9%)
				Weighted average cost of capital,%	12.7%
				Cash flows period, years	2.75 - 5.75 (4.25)

*

Represent estimated inputs that market participants would take into account when valuing the analog broadcasting licenses.