XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 30,295 $ 71,266
Receivables, net of allowance for doubtful accounts of $1,233 in 2012 and $844 in 2011 26,896 23,797
Prepaid expenses and other current assets 2,444 4,354
Total current assets 59,635 99,417
Property and equipment, net of accumulated depreciation of $61,094 in 2012 and $57,834 in 2011 39,128 41,743
FCC broadcasting licenses 323,055 323,055
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $576 in 2012 and $380 in 2011 1,971 2,168
Deferred financing costs, net of accumulated amortization of $2185 in 2012 and $7,137 in 2011 15,364 465
Other assets 1,873 1,858
Total assets 473,832 501,512
Current liabilities:    
Accounts payable and accrued expenses 16,763 16,783
Accrued interest 15,853 280
Unearned revenue 617 914
Other liabilities 789 795
Current portion of the senior credit facility term loan due 2012   36,313
Current portion of other long-term debt 3,008 3,039
Series B cumulative exchangeable redeemable preferred stock dividends payable 26,887 21,923
Total current liabilities 63,917 80,047
Other liabilities, less current portion 862 603
Derivative instruments 838 740
12.5% senior secured notes due 2017, net of unamortized discount 267,500  
Senior credit facility term loan due 2012, less current portion   266,750
Other long-term debt, less current portion 8,348 11,271
Deferred income taxes 86,053 84,368
Total liabilities 427,518 443,779
Commitments and contingencies (note 6)      
Stockholders' deficit:    
Additional paid-in capital 525,269 525,235
Accumulated other comprehensive loss, net (838) (740)
Accumulated deficit (570,470) (559,115)
Total stockholders' deficit (46,035) (34,616)
Total liabilities and stockholders' deficit 473,832 501,512
10.75% Series B cumulative exchangeable redeemable preferred stock
   
Cumulative exchangeable redeemable preferred stock:    
103/4% Series B cumulative exchangeable redeemable preferred stock, $0.01 par value, liquidation value $1,000 per share. Authorized 280,000 shares; 92,349 shares issued and outstanding at September 30, 2012 and December 31, 2011 92,349 92,349
Series C convertible preferred stock
   
Stockholders' deficit:    
Series C convertible preferred stock, $0.01 par value and liquidation value. Authorized 600,000 shares;380,000 shares issued and outstanding at September 30, 2012 and December 31, 2011 4 4
Total stockholders' deficit 4 4
Class A common stock
   
Stockholders' deficit:    
Common stock, value      
Class B common stock
   
Stockholders' deficit:    
Common stock, value