PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

7. PROPERTY AND EQUIPMENT, NET

Property and equipment as of December 31, 2013 and 2014 comprise the following:

			December 31,
	Useful life, years		December 31,
	Useful life, years		2013			2014
Cost:
Broadcasting equipment		4-7	$	43,190		$	25,370
Buildings		10-25		14,543			8,936
Office equipment and other		3-5		11,520			7,528
Leasehold improvements		10		6,355			4,246

Total cost			$	75,608		$	46,080
Accumulated depreciation				(38,734	)		(27,560	)

Net book value			$	36,874		$	18,520

Depreciation expense was $9,212, $9,330 and $7,784 in 2012, 2013 and 2014, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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