XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 24, 2012
Jun. 30, 2013
Jun. 24, 2012
Station revenue (less agency commissions) $ 82,020 $ 83,098 $ 155,959 $ 157,312
Operating costs:        
Station production expenses 31,412 30,850 63,415 60,901
Station selling, general and administrative expenses 23,208 21,374 45,755 41,968
Corporate and other expenses 9,084 7,635 16,788 19,511
Depreciation and software amortization 5,636 5,641 11,157 11,591
Amortization of intangible assets 441 441 882 1,754
Net loss (gain) related to fixed assets 111 (179) 68 (250)
Merger-related expenses 7,171   7,171  
Total operating costs 77,063 65,762 145,236 135,475
Operating income 4,957 17,336 10,723 21,837
Other income (expense):        
Interest expense (9,492) (16,762) (18,821) (31,913)
Interest expense - related party (10,005) (4,895) (19,918) (4,895)
Debt modification and extinguishment costs   (7,689)   (18,097)
Other, net (225) 230 (174) 412
Total other expense (19,722) (29,116) (38,913) (54,493)
Loss from continuing operations before income taxes (14,765) (11,780) (28,190) (32,656)
Income tax expense 1,924 3,409 5,208 6,817
Loss from continuing operations (16,689) (15,189) (33,398) (39,473)
Discontinued operations:        
Income (loss) from discontinued operations (net of taxes) 543 590 (413) (9,550)
Loss related to divestiture of discontinued operations (net of taxes)   (131,697) (30) (131,697)
Net loss $ (16,146) $ (146,296) $ (33,841) $ (180,720)
Net loss per common share:        
Loss from continuing operations (in Dollars per share) $ (0.61) $ (0.67) $ (1.22) $ (1.75)
Discontinued operations (in Dollars per share) $ 0.02 $ (5.81) $ (0.01) $ (6.26)
Net loss per common share – basic and assuming dilution (in Dollars per share) $ (0.59) $ (6.48) $ (1.23) $ (8.01)