Related Party Transactions

12 Months Ended

Dec. 31, 2011

Related Party Transactions [Abstract]

Related Party Transactions

Note 13. Related Party Transactions

In the normal course of business the Company has engaged in transactions with J. Mack Robinson, the majority shareholder of the Company and his affiliates from time to time. These transactions include the leasing of office space as well as certain investing and financing activities.

The Company leases approximately 49,586 square feet of office and covered garage space from an entity which is an affiliate of the Company. During the years ended December 31, 2011 and 2010, the Company paid $865 and $849, respectively, under this lease.

Certain financing for the Company has been provided by affiliates of J. Mack Robinson, in the form of investments in the Series D Preferred Stock (See Note 10).

Certain members of the Company's management are shareholders and on the Board of Directors of Gray Television, Inc. (“Gray”). At December 31, 2011 and 2010, the Company owned 388,060 shares of Gray Class A common stock and 106,000 shares of Gray common stock. The aggregate carrying value of these investments in Gray at December 31, 2011 and 2010 was $696 and $885, respectively.