ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Feb. 28, 2015

Business Acquisition, Pro Forma Information [Table Text Block]

The following table presents unaudited pro forma consolidated financial information as if the closing of our acquisition of the Stations and related debt refinancing had occurred on March 1, 2013 (in thousands, except per share data):



	(Unaudited)
	Year ended February 28,
	2014		2015
	(in 000’s, except per share data)
Net revenues	$	237,171	$	237,938
Net income attributable to common shareholders	$	48,454	$	(94,035	)
Net income per common share attributable to common shareholders:
Basic	$	1.20	$	(2.21	)
Diluted	$	1.05	$	(2.21	)

WBLS-FM and WLIB-AM

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions until management's appraisals and estimates are finalized, which may result in adjustments to the preliminary values presented below (in thousands).



Other current assets	$	37
Property and equipment	4,054
Indefinite-lived intangibles	69,019
Goodwill	58,395
Other intangibles	2,469
Other current liabilities	(512		)
Total purchase price, including assumed liabilities	$	133,462

Cash paid at first closing on June 10, 2014	$	55,000
Cash paid for LMA payments subsequent to first closing and cash paid at second closing on February 13, 2015	81,563
Total cash paid for acquisition	136,563
Accretion of LMA payments liability and second closing liability recognized as interest expense	(3,101		)
Adjusted cash paid for acquisition	$	133,462

Digonex

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the preliminary estimates of fair values of the identifiable assets acquired and liabilities assumed in the acquisition of Digonex as of June 16, 2014. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions until management's appraisals and estimates are finalized, which may result in adjustments to the preliminary values presented below (in thousands).



Cash	$	456
Other current and noncurrent assets	9
Goodwill	2,753
Other intangibles	6,180
Accounts payable and accrued expenses	(462		)
Other current liabilities and noncurrent liabilities	(1,139		)
Long-term debt	(3,600		)
Noncontrolling interests	(1,197		)
Total purchase price, including assumed liabilities	3,000
Less: Cash acquired	(456		)
Total purchase price, net of cash acquired	$	2,544