Subsequent Event

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Event

9. Subsequent Event

On November 6, 2013, we entered into an agreement to acquire an FM radio station (WFIZ-FM) and three translators, serving the Ithaca, New York market for approximately $715,000, which we expect to finance through funds generated from operations. This transaction is subject to the approval of the Bankruptcy Court and FCC. We expect to close on the acquisition during the first quarter of 2014.

On November 6, 2013, the Company issued approximately 50,000shares of restricted stock under the Second Restated 2005 Plan at a grant date value of $46.51 per share.