PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2012

7. PROPERTY AND EQUIPMENT, NET

Property and equipment as of December 31, 2011 and 2012 comprise the following:

			December 31,

	Useful life, years		December 31,
	Useful life, years		2011			2012
Cost:
Broadcasting equipment		2.75-7	$	45,476		$	50,465
Office equipment and other		3-5		14,080			16,842
Buildings		10-25		12,152			15,483
Leasehold improvements		10		6,232			6,779
Construction in progress				1,047			1,262

Total cost			$	78,987		$	90,831
Accumulated depreciation				(32,688	)		(43,630	)

Net book value			$	46,299		$	47,201

Depreciation expense was $5,470, $7,624 and $9,212 in 2010, 2011 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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