SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)

9 Months Ended

Sep. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Schedule of major classes of assets and liabilities of the group reported as held for sale on the accompanying condensed consolidated balance sheet

	September 30, 2014
Assets:
Program contract costs	$	3,626
Property and equipment	4,744
Goodwill	7,924
Broadcast licenses	45
Definite-lived intangible assets	24,509
Assets held for sale	$	40,848
Liabilities:
Program contracts payable	$	4,310
Liabilities held for sale	$	4,310

Schedule of carrying amounts and classification of assets and liabilities of VIEs

As of the dates indicated, the carrying amounts and classification of the assets and liabilities of the VIEs mentioned above which have been included in our consolidated balance sheets for the periods presented (in thousands):

	September 30, 2014		December 31, 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	2,891	$	4,916
Accounts receivable	17,426		18,468
Current portion of program contract costs	12,207		10,725
Prepaid expenses and other current assets	1,627		247
Total current assets	34,151		34,356

PROGRAM CONTRACT COSTS, less current portion	6,786		5,075
PROPERTY AND EQUIPMENT, net	10,389		11,081
GOODWILL	800		6,357
BROADCAST LICENSES	16,860		16,768
DEFINITE-LIVED INTANGIBLE ASSETS, net	90,702		97,496
OTHER ASSETS	1,212		22,935
Total assets	$	160,900	$	194,068
LIABILITIES
CURRENT LIABILITIES:
Accounts payable	$	892	$	86
Accrued liabilities	3,969		2,536
Current portion of notes payable, capital leases and commercial bank financing	3,484		5,731
Current portion of program contracts payable	10,502		11,552
Total current liabilities	18,847		19,905

LONG-TERM LIABILITIES:
Notes payable, capital leases and commercial bank financing, less current portion	27,553		49,850
Program contracts payable, less current portion	9,933		6,597
Long term liabilities	9,705		10,838
Total liabilities	$	66,038	$	87,190

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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