Income Taxes	9 Months Ended
Nov. 30, 2015
Income Taxes [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes Our effective income tax rate was 47% for the nine months ended November 30, 2014. Our effective tax rate was higher than our estimated annual effective tax rate of 34% as a discrete expense was recorded during the period. This expense related to the effect of increasing our statutory rate by 1% on existing deferred tax liabilities due to changes in state tax laws and changes in our income apportionments as a result of the WBLS-FM and WLIB-AM LMA and related acquisition. This discrete expense is partially offset during the nine months ended November 30, 2014 by a discrete benefit related to the loss on debt extinguishment the Company recorded during the period. Our effective income tax rate was 17% for the nine months ended November 30, 2015. The Company recorded a valuation allowance for its net deferred tax assets generated during the period, including its net operating loss carryforwards, but excluding deferred tax liabilities related to indefinite-lived intangibles.

Income Taxes

9 Months Ended

Nov. 30, 2015

Income Taxes

Our effective income tax rate was 47% for the nine months ended November 30, 2014. Our effective tax rate was higher than our estimated annual effective tax rate of 34% as a discrete expense was recorded during the period. This expense related to the effect of increasing our statutory rate by 1% on existing deferred tax liabilities due to changes in state tax laws and changes in our income apportionments as a result of the WBLS-FM and WLIB-AM LMA and related acquisition. This discrete expense is partially offset during the nine months ended November 30, 2014 by a discrete benefit related to the loss on debt extinguishment the Company recorded during the period.

Our effective income tax rate was 17% for the nine months ended November 30, 2015. The Company recorded a valuation allowance for its net deferred tax assets generated during the period, including its net operating loss carryforwards, but excluding deferred tax liabilities related to indefinite-lived intangibles.