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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 28,292 $ 23,991
Receivables:    
Trade 30,867 27,506
Barter 226 205
Total Receivables 31,093 27,711
Less allowance for doubtful accounts 1,179 2,322
Net receivables 29,914 25,389
Prepaid expenses and other current assets 6,084 3,928
Total current assets 64,290 53,308
Property and equipment, net of accumulated depreciation of $72,349 in 2015 and $69,632 in 2014 30,190 32,382
FCC broadcasting licenses 322,131 323,055
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $996 in 2015 and $924 in 2014 1,552 1,624
Deferred financing costs, net of accumulated amortization of $12,235 in 2015 and $9,706 in 2014 5,381 7,910
Other assets 585 728
Total assets 456,935 451,813
Current liabilities:    
Accounts payable and accrued expenses 17,558 16,495
Accrued interest 15,790 7,202
Unearned revenue 322 449
Other liabilities 93 269
Current portion of other long-term debt 312 336
10 3/4% Series B cumulative exchangeable redeemable preferred stock outstanding and dividends outstanding, $0.01 par value, liquidation value $1,000 per share. Authorized 280,000 shares: 90,549 shares issued and outstanding at September 30, 2015 and December 31, 2014 and $53,131 and $45,831 of dividends payable as of September 30, 2015 and December 31, 2014, respectively. 143,680 136,380
Total current liabilities 177,755 161,131
Other liabilities, less current portion 86 94
Derivative instruments 283 408
12.5% senior secured notes due 2017, net of unamortized discount of $3,064 in 2015 and $4,343 in 2014 271,936 270,657
Other long-term debt, less current portion 4,692 4,922
Deferred income taxes 96,151 88,806
Total liabilities $ 550,903 $ 526,018
Commitments and contingencies (note 6)
Stockholders’ deficit:    
Additional paid-in capital $ 525,339 $ 525,335
Accumulated other comprehensive loss, net (283) (408)
Accumulated deficit (619,028) (599,136)
Total stockholders’ deficit (93,968) (74,205)
Total liabilities and stockholders’ deficit 456,935 451,813
Preferred Stock | 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, 2015 and December 31, 2014, respectively 4 4
Total stockholders’ deficit $ 4 $ 4