Urban One (UONE) 10-Q 4 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	RADIO ONE, INC.
Entity Central Index Key	1,041,657
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	ROIA
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,718,099
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,861,843
Common Class C [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,928,906
Common Class D [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		41,054,474

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
NET REVENUE	$ 110,856	$ 115,893	$ 342,663	$ 341,477
OPERATING EXPENSES:
Programming and technical	32,093	32,785	96,789	98,667
Selling, general and administrative, including stock-based compensation of $49 and $82, and $194 and $259, respectively	35,855	41,462	114,541	118,656
Corporate selling, general and administrative, including stock-based compensation of $733 and $934, and $2,125 and $3,536, respectively	9,906	11,732	34,550	35,792
Depreciation and amortization	8,469	8,277	25,723	26,345
Impairment of long-lived assets	0	14,545	0	14,545
Total operating expenses	86,323	108,801	271,603	294,005
Operating income	24,533	7,092	71,060	47,472
INTEREST INCOME	51	33	174	68
INTEREST EXPENSE	20,319	20,356	61,488	59,620
GAIN (LOSS) ON RETIREMENT OF DEBT	0	0	2,646	(7,091)
OTHER (INCOME) EXPENSE, net	(22)	(39)	(76)	246
Income (loss) before provision for income taxes and noncontrolling interests in income of subsidiaries	4,287	(13,192)	12,468	(19,417)
PROVISION FOR INCOME TAXES	4,307	4,439	8,265	22,911
CONSOLIDATED NET (LOSS) INCOME	(20)	(17,631)	4,203	(42,328)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	403	514	1,259	7,345
CONSOLIDATED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (423)	$ (18,145)	$ 2,944	$ (49,673)
BASIC AND DILUTED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net (loss) income attributable to common stockholders	$ (0.01)	$ (0.38)	$ 0.06	$ (1.04)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic	47,481,004	48,220,262	48,066,267	47,963,763
Diluted	47,481,004	48,220,262	49,240,165	47,963,763

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS [Parenthetical] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Selling, General and Administrative Expenses [Member]
Allocated Share-based Compensation Expense	$ 49	$ 82	$ 194	$ 259
Corporate Segment [Member]
Allocated Share-based Compensation Expense	$ 733	$ 934	$ 2,125	$ 3,536

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED NET (LOSS) INCOME	$ (20)	$ (17,631)	$ 4,203	$ (42,328)
NET CHANGE IN UNREALIZED GAIN ON INVESTMENT ACTIVITIES, NET OF TAX	0	0	0	115
COMPREHENSIVE (LOSS) INCOME	(20)	(17,631)	4,203	(42,213)
LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	403	514	1,259	7,345
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (423)	$ (18,145)	$ 2,944	$ (49,558)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 72,174	$ 67,376
Trade accounts receivable, net of allowance for doubtful accounts of $6,743 and $6,899, respectively	101,393	105,184
Prepaid expenses	7,484	7,650
Current portion of content assets	33,193	28,638
Other current assets	3,986	4,711
Total current assets	218,230	213,559
CONTENT ASSETS, net	75,453	48,244
PROPERTY AND EQUIPMENT, net	25,720	29,278
GOODWILL	258,284	258,284
RADIO BROADCASTING LICENSES	645,107	643,239
OTHER INTANGIBLE ASSETS, net	122,198	141,433
OTHER ASSETS	14,537	12,487
Total assets	1,359,529	1,346,524
CURRENT LIABILITIES:
Accounts payable	5,003	8,464
Accrued interest	15,886	17,366
Accrued compensation and related benefits	11,600	12,929
Current portion of content payables	24,401	14,998
Other current liabilities	28,462	26,149
Current portion of long-term debt	3,500	3,500
Total current liabilities	88,852	83,406
LONG-TERM DEBT, net of current portion, original issue discount and issuance costs	1,002,283	1,020,837
CONTENT PAYABLES, net of current portion	18,450	6,885
OTHER LONG-TERM LIABILITIES	33,000	29,034
DEFERRED TAX LIABILITIES, net	271,006	266,900
Total liabilities	1,413,591	1,407,062
REDEEMABLE NONCONTROLLING INTERESTS	12,004	11,286
STOCKHOLDERS’ DEFICIT:
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at September 30, 2016 and December 31, 2015	0	0
Additional paid-in capital	983,124	983,847
Accumulated deficit	(1,049,239)	(1,055,721)
Total stockholders’ deficit	(66,066)	(71,824)
Total liabilities, redeemable noncontrolling interests and stockholders’ deficit	1,359,529	1,346,524
Common Class A [Member]
STOCKHOLDERS’ DEFICIT:
Common stock value	2	2
Common Class B [Member]
STOCKHOLDERS’ DEFICIT:
Common stock value	3	3
Common Class C [Member]
STOCKHOLDERS’ DEFICIT:
Common stock value	3	3
Common Class D [Member]
STOCKHOLDERS’ DEFICIT:
Common stock value	$ 41	$ 42

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts receivable (in dollars)	$ 6,743	$ 6,899
Convertible Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible Preferred stock, shares authorized	1,000,000	1,000,000
Convertible Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	1,733,189	2,103,907
Common stock, shares outstanding	1,733,189	2,103,907
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	2,861,843	2,861,843
Common stock, shares outstanding	2,861,843	2,861,843
Common Class C [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	2,928,906	2,928,906
Common stock, shares outstanding	2,928,906	2,928,906
Common Class D [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	41,039,384	42,096,641
Common stock, shares outstanding	41,039,384	42,096,641

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Convertible Preferred Stock [Member]	Common Stock Class A [Member]	Common Stock Class B [Member]	Common Stock Class C [Member]	Common Stock Class D [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
BALANCE at Dec. 31, 2015	$ (71,824)	$ 0	$ 2	$ 3	$ 3	$ 42	$ 983,847	$ (1,055,721)
Consolidated net income attributable to common stockholders	2,944	0	0	0	0	0	0	2,944
Tax impact of increased ownership of TV One	3,538	0	0	0	0	0	0	3,538
Repurchase of 1,585,703 shares of Class D common stock	(3,584)	0	0	0	0	(1)	(3,583)	0
Conversion of 370,718 shares of Class A common stock to Class D common stock	0	0	0	0	0	0	0	0
Adjustment of redeemable noncontrolling interests to estimated redemption value	541	0	0	0	0	0	541	0
Stock-based compensation expense	2,319	0	0	0	0	0	2,319	0
BALANCE at Sep. 30, 2016	$ (66,066)	$ 0	$ 2	$ 3	$ 3	$ 41	$ 983,124	$ (1,049,239)

CONSOLIDATED STATEMENT OF CHAN8

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT [Parenthetical]	9 Months Ended
	Sep. 30, 2016shares
Common Stock Class D [Member]
Stock Repurchased During Period, Shares	1,585,703
Convertible shares, Class A to Class D [Member]
Conversion Of Stock, Shares Converted	370,718

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income (loss)	$ 4,203	$ (42,328)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	25,723	26,345
Amortization of debt financing costs	3,924	3,635
Amortization of content assets	36,076	36,270
Amortization of launch assets	61	2,050
Deferred income taxes	4,106	22,612
Impairment of long-lived assets	0	14,545
Stock-based compensation	2,319	3,795
(Gain) loss on retirement of debt	(2,646)	7,091
Tax impact of increased ownership of TV One	3,538	0
Effect of change in operating assets and liabilities:
Trade accounts receivable	3,791	(3,903)
Prepaid expenses and other current assets	(295)	1,062
Other assets	212	773
Accounts payable	(3,461)	(2,979)
Accrued interest	(1,480)	3,706
Accrued compensation and related benefits	(1,329)	3,015
Other liabilities	6,772	2,005
Payment of launch support	0	(670)
Payments for content assets	(46,891)	(46,843)
Net cash flows provided by operating activities	34,623	30,181
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(4,021)	(6,005)
Cost method investment	0	(5,000)
Purchase of additional membership interest in TV One	0	(209,855)
Proceeds from sales of investment securities	0	3,524
Purchases of investment securities	0	(591)
Acquisition of station and broadcasting assets	(2,000)	0
Net cash flows used in investing activities	(6,021)	(217,927)
CASH FLOWS FROM FINANCING ACTIVITIES:
Premium paid on repayment of long-term debt	0	(827)
Proceeds from 2015 Credit Facility	0	350,000
Proceeds from debt issuance	0	350,000
Repayment of 2020 Notes	(17,174)	0
Repurchase of common stock	(3,584)	(1,423)
Repayment of credit facility	(2,625)	(369,407)
Repayment of TV One senior secured notes	0	(119,000)
Debt refinancing costs and original issue discount	(421)	(23,480)
Payment of dividends to noncontrolling interest members of TV One	0	(5,739)
Payment of dividends to noncontrolling interest members of Reach Media	0	(1,001)
Net cash flows (used in) provided by financing activities	(23,804)	179,123
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,798	(8,623)
CASH AND CASH EQUIVALENTS, beginning of period	67,376	67,781
CASH AND CASH EQUIVALENTS, end of period	72,174	59,158
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	59,044	52,213
Income taxes, net	496	333
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Note payable incurred as part of purchase of additional membership interest in TV One	$ 0	$ 11,872

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (a) Organization Radio One, Inc. (a Delaware corporation referred to as “Radio One”) and its subsidiaries (collectively, the “Company”) is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise which is the largest radio broadcasting operation that primarily targets African-American and urban listeners. We currently own and/or operate 56 broadcast stations located in 16 urban markets in the United States. While our primary source of revenue is the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate as the premier multi-media entertainment and information content provider targeting African-American and urban consumers. Thus, we have diversified our revenue streams by making acquisitions and investments in other complementary media properties. Our other media interests include our ownership of TV One, LLC (“TV One”), an African-American targeted cable television network; our ownership of Interactive One, LLC (“Interactive One”), our wholly-owned online platform serving the African-American community through social content, news, information, and entertainment websites, including Global Grind, News One, TheUrbanDaily and HelloBeautiful, and online social networking websites, including BlackPlanet and MiGente; and our 80.0 5 40 5 As part of our consolidated financial statements, consistent with our financial reporting structure and how the Company currently manages its businesses, we have provided selected financial information on the Company’s four reportable segments: (i) radio broadcasting; (ii) Reach Media; (iii) internet; and (iv) cable television. (See Note 8 – Segment Information (b) Interim Financial Statements The interim consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In management’s opinion, the interim financial data presented herein include all adjustments (which include only normal recurring adjustments) necessary for a fair presentation. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. Results for interim periods are not necessarily indicative of results to be expected for the full year. This Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K. Certain reclassifications have been made to prior year balances to conform to the current year presentation. These reclassifications had no effect on any other previously reported or consolidated net income or loss or any other statement of operations, balance sheet or cash flow amounts. Where applicable, these financial statements have been identified as “As Reclassified.” (c) Financial Instruments Financial instruments as of September 30, 2016, and December 31, 2015, consisted of cash and cash equivalents, trade accounts receivable, long-term debt and redeemable noncontrolling interests. The carrying amounts approximated fair value for each of these financial instruments as of September 30, 2016, and December 31, 2015, except for the Company’s outstanding senior subordinated notes, secured notes and senior secured credit facility. The 9.25 315.0 335.0 293.0 258.0 7.375 350.0 353.5 311.5 350.0 345.6 348.3 343.9 353.0 11.9 11.9 11.9 Long-Term Debt Revenue Recognition Within our radio broadcasting and Reach Media segments, the Company recognizes revenue for broadcast advertising when a commercial is broadcast, and the revenue is reported net of agency and outside sales representative commissions, in accordance with Accounting Standards Codification (“ASC”) 605, “ Revenue Recognition 6.4 6.5 19.0 19.1 Interactive One generates the majority of the Company’s internet revenue, and derives such revenue principally from advertising services on non-radio station branded but Company-owned websites. Advertising services include the sale of banner and sponsorship advertisements. Advertising revenue is recognized either as impressions (the number of times advertisements appear in viewed pages) are delivered, when “click through” purchases are made, or ratably over the contract period, where applicable. In addition, Interactive One derives revenue from its studio operations, in which it provides third-party clients with publishing services including digital platforms and expertise. In the case of the studio operations, revenue is recognized primarily through fixed contractual monthly fees and/or as a share of the third party’s reported revenue. TV One derives advertising revenue from the sale of television air time to advertisers and recognizes revenue when the advertisements are run. TV One also derives revenue from affiliate fees under the terms of various affiliation agreements based on a per subscriber fee multiplied by the most recent subscriber counts reported by the applicable affiliate. For our cable television segment, agency and outside sales representative commissions were approximately $ 3.8 4.2 11.8 11.4 Launch Support TV One has entered into certain affiliate agreements requiring various payments by TV One for launch support. Launch support assets are used to initiate carriage under affiliation agreements and are amortized over the term of the respective contracts. Launch support amortization is recorded as a reduction to revenue. TV One did not incur any launch support fees during the nine months ended September 30, 2016. TV One paid $ 670,000 10.9 8.2 8.9 20,000 61,000 594,000 2.1 (f) Barter Transactions For barter transactions, the Company provides advertising time in exchange for programming content and certain services and accounts for these exchanges in accordance with ASC 605, “ Revenue Recognition 491,000 599,000 450,000 552,000 41,000 47,000 1.6 1.7 1.5 1.6 122,000 142,000 Earnings Per Share Basic earnings per share is computed on the basis of the weighted average number of shares of common stock (Classes A, B, C and D) outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. The Company’s potentially dilutive securities include stock options and unvested restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a net loss, as the inclusion of the potentially dilutive common shares would have an anti-dilutive effect. Three Months Ended Nine Months Ended 2016 2015 2016 2015 (Unaudited) (In Thousands) Numerator: Net (loss) income attributable to common stockholders $ (423) $ (18,145) $ 2,944 $ (49,673) Denominator: Denominator for basic net (loss) income per share - weighted average outstanding shares 47,481,004 48,220,262 48,066,267 47,963,763 Effect of dilutive securities: Stock options and restricted stock — — 1,173,898 — Denominator for diluted net (loss) income per share - weighted-average outstanding shares 47,481,004 48,220,262 49,240,165 47,963,763 Net (loss) income attributable to common stockholders per share – basic $ (0.01) $ (0.38) $ 0.06 $ (1.04) Net (loss) income attributable to common stockholders per share –diluted $ (0.01) $ (0.38) $ 0.06 $ (1.04) Three Months Ended Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2015 (Unaudited) (In Thousands) Stock options 3,700 3,417 3,417 Restricted stock awards 1,117 1,671 2,062 Fair Value Measurements We report our financial and non-financial assets and liabilities measured at fair value on a recurring and non-recurring basis under the provisions of ASC 820, “Fair Value Measurements and Disclosures.” The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: Level 1 : Inputs are unadjusted quoted prices in active markets for identical assets and liabilities that can be accessed at measurement date. Level 2 : Observable inputs other than those included in Level 1 (i.e., quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets). Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value instrument. Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of September 30, 2016 Liabilities subject to fair value measurement: Employment agreement award (a) $ 25,695 $ — $ — $ 25,695 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (b) $ 12,004 $ — $ — $ 12,004 As of December 31, 2015 Liabilities subject to fair value measurement: Incentive award plan (c) $ 1,506 $ — $ — $ 1,506 Employment agreement award (a) 20,915 — — 20,915 Total $ 22,421 $ — $ — $ 22,421 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (b) $ 11,286 $ — $ — $ 11,286 (a) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate pre-Comcast Buyout (as defined below) capital contribution in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One (based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis) , (b) The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. (c) Balance was measured based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. A third-party valuation firm assisted the Company in estimating TV One’s fair value using the discounted cash flow analysis. Incentive Employment Redeemable (In thousands) Balance at December 31, 2015 $ 1,506 $ 20,915 $ 11,286 Net income attributable to noncontrolling interests — — 1,259 Distribution (1,480) (1,049) — Change in fair value (26) 5,829 (541) Balance at September 30, 2016 $ — $ 25,695 $ 12,004 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date $ 26 $ (5,829) $ — Incentive Employment Redeemable (In thousands) Balance at December 31, 2014 $ 1,044 $ 17,993 $ 10,836 Net income attributable to noncontrolling interests — — 1,243 Dividends paid to noncontrolling interests — — (1,001) Change in fair value 79 2,344 (353) Balance at September 30, 2015 $ 1,123 $ 20,337 $ 10,725 The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date $ (79) $ (2,344) $ — Losses included in earnings were recorded in the consolidated statements of operations as corporate selling, general and administrative expenses for the three and nine months ended September 30, 2016 and 2015. As of As of As of Level 3 liabilities Valuation Technique Significant Significant Unobservable Input Value Incentive award plan Discounted Cash Flow Discount Rate N/A * 10.8 % 10.4 % Incentive award plan Discounted Cash Flow Long-term Growth Rate N/A * 3.0 % 3.0 % Employment agreement award Discounted Cash Flow Discount Rate 10.5 % 10.8 % 10.4 % Employment agreement award Discounted Cash Flow Long-term Growth Rate 2.5 % 3.0 % 3.0 % Redeemable noncontrolling interest Discounted Cash Flow Discount Rate 10.5 % 11.8 % 11.5 % Redeemable noncontrolling interest Discounted Cash Flow Long-term Growth Rate 1.0 % 1.5 % 1.5 % * Final distribution related to the incentive award plan occurred during the first quarter of 2016. Any significant increases or decreases in discount rate or long-term growth rate inputs could result in significantly higher or lower fair value measurements. Certain assets and liabilities are measured at fair value on a non-recurring basis using Level 3 inputs as defined in ASC 820. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Included in this category are goodwill, radio broadcasting licenses and other intangible assets, net, that are written down to fair value when they are determined to be impaired, as well as content assets that are periodically written down to net realizable value. The Company concluded these assets were not impaired during the nine months ended September 30, 2016 and 2015, and, therefore, were reported at carrying value as opposed to fair value. (i) Impact of Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers Revenue Recognition Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting” “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” In April 2015, the FASB issued ASU 2015-03, “ Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs 7.4 Interest - Imputation of Interest: Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements 421,000 In November 2015, the FASB issued ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation (Topic 718) In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (A Consensus of the Emerging Issues Task Force) Redeemable noncontrolling interest Redeemable noncontrolling interests are interests in subsidiaries that are redeemable outside of the Company’s control either for cash or other assets. These interests are classified as mezzanine equity and measured at the greater of estimated redemption value at the end of each reporting period or the historical cost basis of the noncontrolling interests adjusted for cumulative earnings allocations. The resulting increases or decreases in the estimated redemption amount are affected by corresponding charges against retained earnings, or in the absence of retained earnings, additional paid-in-capital. (k) Content Assets TV One has entered into contracts to acquire entertainment programming rights and programs from distributors and producers. The license periods granted in these contracts generally run from one year to ten years. Contract payments are made in installments over terms that are generally shorter than the contract period. Each contract is recorded as an asset and a liability at an amount equal to its gross contractual commitment when the license period begins and the program is available for its first airing. Acquired content is generally amortized on a straight-line method over the term of the license which reflects the estimated usage. For certain content for which the pattern of usage is accelerated, amortization is based upon the actual usage. The Company also has programming for which the Company has engaged third parties to develop and produce, and it owns most or all rights (commissioned programming). Content amortization expense for each period is recognized based on the revenue forecast model, which approximates the proportion that estimated advertising and affiliate revenues for the current period represent in relation to the estimated remaining total lifetime revenues. Acquired program rights are recorded at the lower of unamortized cost or estimated net realizable value. Estimated net realizable values are based on the estimated revenues associated with the program materials and related expenses. In evaluating its contracts for recoverability for the three and nine months ended September 30, 2016, the Company recognized an impairment and recorded additional amortization expense of $ 0 1.9 Tax incentives offered by state and local governments that are directly measured based on production activities are recorded as reductions in production costs. Derivatives The Company recognizes all derivatives at fair value in the consolidated balance sheet as either an asset or liability. The accounting for changes in the fair value of a derivative, including certain derivative instruments embedded in other contracts, depends on the intended use of the derivative and the resulting designation. The Company has accounted for the Employment Agreement Award as a derivative instrument in accordance with ASC 815, “Derivatives and Hedging.” 25.7 20.9 1.0 882,000 5.8 2.3 The Company’s obligation to pay the Employment Agreement Award was triggered after the Company’s recovery of the aggregate pre-Comcast Buyout (as defined below) capital contribution in TV One and payments are only required upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s pre-Comcast Buyout capital contribution in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company, or is terminated for cause. The Compensation Committee of the Board of Directors of the Company has approved terms for a new employment agreement with the CEO, including a renewal of the Employment Agreement Award upon similar terms as in the prior Employment Agreement. While a new Employment Agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee. (m) Related Party Transactions Reach Media provides office facilities (including office space, telecommunications facilities, and office equipment) to the Tom Joyner Foundation, Inc. (the “Foundation”), a 501(c)(3) entity, and to Tom Joyner, LTD. (“Limited”), Tom Joyner’s production company. Such services are provided to the Foundation and to Limited on a pass-through basis at cost. Under these arrangements, as of September 30, 2016 and December 31, 2015, the amounts owed to Reach Media were immaterial. Reach Media operates the Tom Joyner Fantastic Voyage, a fund raising event for the Foundation. The terms of the agreement are that Reach Media provides all necessary operations for the Fantastic Voyage, that the Foundation reimburses the Company for all related expenses, and that the Foundation pays a fee plus a performance bonus to Reach Media. The Fantastic Voyage took place during the second quarters of both 2016 and 2015. For the nine months ended September 30, 2016, Reach Media’s revenues, expenses, and operating income for the Fantastic Voyage were approximately $ 8.8 7.8 1.0 8.7 7.5 1.2 1.1 1.2

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Acquisitions and Dispositions Disclosures [Text Block]	2. ACQUISITIONS AND DISPOSITIONS: As of June 2011, our sole Boston radio station was made the subject of a time brokerage agreement (“TBA”), similar in operation to a local marketing agreement (“LMA”), whereby, we have made available, for a fee, air time on this station to another party. On February 3, 2014, the Company executed a new TBA, effective December 1, 2013, for the station. The TBA has a three-year term, and, at the conclusion of the TBA, the station will be conveyed to Radio Boston Broadcasting, Inc., an affiliate of Pacific Media International, LLC. As a result, the station’s radio broadcasting license was classified as a short-term other asset as of September 30, 2016, and December 31, 2015, and is being amortized through the anticipated conveyance date. On October 20, 2011, we entered into a TBA with WGPR, Inc. (“WGPR”). Pursuant to the TBA, beginning October 24, 2011, we began to broadcast programs produced, owned or acquired by Radio One on WGPR’s Detroit radio station, WGPR-FM. We pay certain operating costs of WGPR-FM, and in exchange we retain all revenues from the sale of the advertising within the programming we provide. The original term of the TBA was through December 31, 2014; however, in September 2014, we entered into an amendment to the TBA to extend the term of the TBA through December 31, 2019. Under the terms of the TBA, WGPR has also granted us certain rights of first negotiation and first refusal, with respect to the sale of WGPR-FM by WGPR and with respect to any potential time brokerage agreement for WGPR-FM covering any time period subsequent to the term of the TBA. On April 17, 2015, the Company used the net proceeds from its issuance of its 2022 Notes, along with the 2015 Credit Facility and Comcast Note, to refinance certain indebtedness and finance the purchase of all the membership interests of an affiliate of Comcast Corporation (“Comcast”) in TV One (the “Comcast Buyout”). In connection with the Comcast Buyout, the Company acquired all of Comcast’s membership interest in TV One for approximately $ 221.7 211.1 1.3 11.9 99.6 On November 12, 2015, the Company entered into a two-station LMA with Wilks Broadcasting Group for 95.5 FM-WZOH and 107.1 FM-WHOK. While under the LMA, the stations were a variable interest entity (“VIE”) for which we were not the primary beneficiary based on the fact that we did not have the power to direct the activities of the VIE that most significantly impacted its economic performance. The Company also entered into an asset purchase agreement to acquire the stations. This acquisition doubled the size of the previously two-station urban music cluster in Columbus, Ohio. The Company completed the acquisition of the stations on February 3, 2016, and as a result of the acquisition, the stations are no longer treated as a VIE. Total consideration paid was approximately $ 2.0 1.9 957,000 84,000 909,000 On June 15, 2016, the Company acquired a translator with the call sign W231BI licensed to Utica, New York (the “Translator”) for $ 40,000 400,000 During the quarter ended September 30, 2016, the Company entered into a letter of intent to sell certain land, towers and equipment to a third party which the Company expects to close in the next twelve months. The closing of the transaction is subject to certain customary conditions, including execution of a definitive agreement. The identified assets have been classified as held for sale in the consolidated balance sheet at September 30, 2016. The combined net carrying value of $2.3 million

GOODWILL AND RADIO BROADCASTING

GOODWILL AND RADIO BROADCASTING LICENSES	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	3. GOODWILL AND RADIO BROADCASTING LICENSES: Impairment Testing In accordance with ASC 350, “Intangibles - Goodwill and Other,” Valuation of Broadcasting Licenses During the second and third quarters of 2016, the total market revenue growth for certain markets in which we operate was below that used in our 2015 annual impairment testing. We deemed that to be an impairment indicator that warranted interim impairment testing of certain markets’ radio broadcasting licenses, which we performed as of June 30, 2016, and September 30, 2016. There was no impairment identified as part of this testing. During the second and third quarters of 2015, the total market revenue growth for certain markets in which we operate was below that used in our 2014 annual impairment testing. We deemed that to be an impairment indicator that warranted interim impairment testing of certain markets’ radio broadcasting licenses, which we performed as of June 30, 2015, and September 30, 2015. There was no impairment identified as part of this testing. There were no impairment indicators present for any of our other radio broadcasting licenses. Radio Broadcasting September 30, September 30, Licenses 2016 (a) 2015 (a) Pre-tax impairment charge (in millions) $ — $ — Discount Rate 9.0 % 9.5 % Year 1 Market Revenue Growth Rate Range 0.3% – 0.5 % 0.3% – 0.5 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 0.5% – 1.0 % 1.0 % – 1.5 % Mature Market Share Range 8.9% – 14.2 % 9.8% – 14.3 % Operating Profit Margin Range 31.3% – 34.1 % 31.7 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting. Valuation of Goodwill During the third quarter of 2016, we identified an impairment indicator at one of our radio markets, and as such, we performed an interim analysis for that radio market’s goodwill as of September 30, 2016. During the second and third quarters of 2015, we identified an impairment indicator at one of our radio markets, and as such, we performed an interim analysis for that radio market’s goodwill as of June 30, 2015 and September 30, 2015. No goodwill impairment was identified during the three or nine months ended September 30, 2016 and 2015 interim impairment assessments for the quarters ended 30, 2016 and 2015. Goodwill (Radio Market September 30, September 30, Reporting Units) 2016 (a) 2015 (a) Pre-tax impairment charge (in millions) $ — $ — Discount Rate 9.0 % 9.5 % Year 1 Market Revenue Growth Rate Range 0.6 % 0.4% – 0.7 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 1.0 % 1.0% – 2.0 % Mature Market Share Range 9.5 % 7.4% – 14.8 % Operating Profit Margin Range 18.2% – 33.9 % 26.4% – 38.7 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting. During the third quarter of 2015, the Company performed interim impairment testing on the valuation of goodwill associated with Interactive One. Interactive One’s net revenues and cash flows declined and internal projections were revised downward, which we deemed to be an impairment indicator. The Company reduced its operating cash flow projections and assumptions based on Interactive One’s actual results which did not meet budget. Below are some of the key assumptions used in the income approach model for estimating the fair value for Interactive One for the interim assessment at September 30, 2015. When compared to discount rates for the radio reporting units, the higher discount rate used to value the reporting unit is reflective of discount rates applicable to internet media businesses. As a result of our interim assessment, the Company recorded a goodwill impairment charge of approximately $ 14.5 the three or nine months ended September 30, 2016. September 30, Internet Segment Goodwill 2015 Pre-tax impairment charge (in millions) $ 14.5 Discount Rate 14.0 % Year 1 Revenue Growth Rate 9.6 % Long-term Revenue Growth Rate (Year 10) 2.5 % Operating Profit Margin Range 4.5% – 23.9 % We did not identify any impairment indicators for the three or nine months ended September 30, 2016 and 2015, at our Reach Media or TV One reportable segments. Goodwill Valuation Results Radio Reach Internet Cable Total (In thousands) Gross goodwill $ 154,863 $ 30,468 $ 23,004 $ 165,044 $ 373,379 Accumulated impairment losses (84,436) (16,114) (14,545) — (115,095) Net goodwill at December 31, 2015 and September 30, 2016 $ 70,427 $ 14,354 $ 8,459 $ 165,044 $ 258,284

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2016
Investments [Abstract]
Investments [Text Block]	4. INVESTMENTS: The company liquidated its investment portfolio during 2015. Prior to liquidation of the portfolio, investments consisted primarily of corporate fixed maturity securities and mutual funds. Debt securities were classified as “available-for-sale” and reported at fair value. Investment income was recognized when earned and reported net of investment expenses. Unrealized gains and losses were excluded from earnings and were reported as a separate component of accumulated other comprehensive income (loss) until realized, unless the losses were deemed to be other than temporary. Realized gains or losses, including any provision for other-than-temporary declines in value, were included in the statements of operations. For purposes of computing realized gains and losses, the specific-identification method of determining cost was used. Nine Months Ended (In thousands) Proceeds from sales $ 3,524 Gross realized gains 19 Gross realized losses 133

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	5. LONG-TERM DEBT: September 30, 2016 December 31, 2015 (Unaudited) (In thousands) 2015 Credit Facility $ 345,625 $ 348,250 9.25% Senior Subordinated Notes due February 2020 315,000 335,000 7.375% Senior Secured Notes due April 2022 350,000 350,000 Comcast Note due April 2019 11,872 11,872 Total debt 1,022,497 1,045,122 Less: current portion of long-term debt (3,500) (3,500) Less: original issue discount and issuance costs (16,714) (20,785) Long-term debt, net $ 1,002,283 $ 1,020,837 2022 Notes and 2015 Credit Facilities On April 17, 2015, the Company closed its private offering of $ 350.0 7.375 an original issue price of 100.0% plus accrued interest April 15, 2022 7.375 350.0 The 2015 Credit Facility matures on December 31, 2018. At the Company’s election, the interest rate on borrowings under the 2015 Credit Facility is based on either (i) the then applicable base rate plus 3.5% (as defined in the 2015 Credit Facility) as, for any day, a rate per annum (rounded upward, if necessary, to the next 1/100th of 1%) equal to the greater of (a) the prime rate published in the Wall Street Journal, (b) 1/2 of 1% in excess rate of the overnight Federal Funds Rate at any given time, and (c) the one-month LIBOR rate commencing on such day plus 1.00%), or (ii) the then applicable LIBOR rate plus 4.5% (as defined in the 2015 Credit Facility). The average interest rate was approximately 5.14% for the three months ended September 30, 2016. Quarterly installments of 0.25%, or $875,000, of the principal balance on the term loan are payable on the last day of each March, June, September and December beginning on September 30, 2015. During the three and nine months ended September 30, 2016, the Company repaid $875,000 and approximately $2.6 million, respectively, under the 2015 Credit Facility. In connection with the closing of the financing transactions, the Company and the guarantor parties thereto entered into a Fourth Supplemental Indenture to the indenture governing the 2020 Notes (as defined below). Pursuant to this Fourth Supplemental Indenture, TV One, which previously did not guarantee the 2020 Notes, became a guarantor under the 2020 Notes indentures. In addition, the closing of the financing transactions caused a “Triggering Event” (as defined in the 2020 Notes Indenture) and, as a result, the 2020 Notes became an unsecured obligation of the Company and the subsidiary guarantors and rank equal in right of payment with the Company’s other senior indebtedness. The Company used the net proceeds from the 2022 Notes, along with term loan borrowings under the 2015 Credit Facility, to refinance its 2011 Credit Agreement, refinance the TV One Notes (as defined below), finance the buyout of membership interests of Comcast in TV One and to pay the related accrued interest, premiums, fees and expenses associated therewith. The 2015 Credit Facility contains affirmative and negative covenants that the Company is required to comply with, including: (a) maintaining an interest coverage ratio of no less than: § 1.25 to 1.00 on June 30, 2015 and the last day of each fiscal quarter thereafter. (b) maintaining a senior leverage ratio of no greater than: § 5.85 to 1.00 on June 30, 2015 and the last day of each fiscal quarter thereafter. (c) limitations on: § liens; § sale of assets; § payment of dividends; and § mergers. As of September 30, 2016, the Company was in compliance with all of its financial covenants under the 2015 Credit Facility. As of September 30, 2016, the Company had outstanding approximately $ 345.6 7.4 1.3 1.2 3.9 3.6 2011 Credit Facilities On March 31, 2011, the Company entered into a senior secured credit facility (the “2011 Credit Agreement”) with a syndicate of banks, and simultaneously borrowed $ 386.0 411.0 386.0 March 31, 2016 25.0 March 31, 2015 On January 21, 2015, the Company entered into a second amendment to the 2011 Credit Agreement (the “Second Amendment”) with its lenders. The provisions of the 2011 Credit Agreement relating to the call premium were revised by the Second Amendment to extend the call protection from April 1, 2015, until maturity. The Second Amendment provided a call premium of 101.5% if the 2011 Credit Agreement were refinanced with proceeds from a notes offering and 100.5% if the 2011 Credit Agreement was refinanced with proceeds from any other repayment, including proceeds from a new term loan. The 2011 Credit Agreement, as amended, contained affirmative and negative covenants with which the Company was required to comply, including financial covenants. In accordance with the 2011 Credit Agreement, as amended, the calculations for the ratios did not include the operating results or related debt of TV One, but rather included our proportionate share of cash dividends received from TV One for periods presented. 7.50 0.25 957,000 On February 24, 2015, the Company entered into a letter of credit reimbursement and security agreement. As of September 30, 2016, the Company had letters of credit totaling $ 933,000 During the year ended December 31, 2015, the Company repaid approximately $ 368.5 As noted above, the Company used the net proceeds from the private offering of the 2022 Notes, along with term loan borrowings under the 2015 Credit Facility, to refinance its 2011 Credit Agreement, as amended. The Company recorded a loss on retirement of debt of approximately $7.1 million for the year ended December 31, 2015. This amount included a write-off of approximately $ 1.3 844,000 827,000 106,000 4.0 Senior Subordinated Notes On February 10, 2014, the Company closed a private placement offering of $ 335.0 9.25 an original issue price of 100.0% plus accrued interest February 15, 2020 9.25 15.5 August 15, 2014 Subsequent to the repurchase of a portion of the 2020 Notes (as described below), the semiannual interest payment is approximately $ 14.6 12.5%/15% 20 86 2.6 315.0 335.0 The indenture that governs the 2020 Notes contains covenants that restrict, among other things, the ability of the Company to incur additional debt, purchase common stock, make capital expenditures, make investments or other restricted payments, swap or sell assets, engage in transactions with related parties, secure non-senior debt with assets, or merge, consolidate or sell all or substantially all of its assets. TV One Senior Secured Notes TV One issued $ 119.0 10.0 March 15, 2016 Comcast Note The Company also has outstanding a senior unsecured promissory note in the aggregate principal amount of approximately $ 11.9 10.47 April 17, 2019 Asset-Backed Credit Facility On April 21, 2016, the Company entered into a senior credit agreement governing an asset-backed credit facility (the “ABL Facility”) among the Company, the lenders party thereto from time to time and Wells Fargo Bank National Association, as administrative agent (the “Administrative Agent”). The ABL Facility provides for $ 25 At the Company’s election, the interest rate on borrowings under the ABL Facility are based on either (i) the then applicable margin relative to Base Rate Loans (as defined in the ABL Facility) or (ii) the then applicable margin relative to LIBOR Loans (as defined in the ABL Facility) corresponding to the average availability of the Company for the most recently completed fiscal quarter. Advances under the ABL Facility are limited to (a) eighty-five percent ( 85 All obligations under the ABL Facility are secured by first priority lien on all (i) deposit accounts (related to accounts receivable), (ii) accounts receivable, (iii) all other property which constitutes ABL Priority Collateral (as defined in the ABL Facility). The obligations are also secured by all material subsidiaries of the Company. Finally, the ABL Facility is subject to the terms of the Intercreditor Agreement (as defined in the ABL Facility) by and among the Administrative Agent, the administrative agent for the secured parties under the Company’s term loan and the trustee and collateral trustee under the senior secured notes indenture. The Company conducts a portion of its business through its subsidiaries. Certain of the Company’s subsidiaries have fully and unconditionally guaranteed the Company’s 2022 Notes, 2020 Notes and the Company’s obligations under the 2015 Credit Facility. The 2022 Notes are the Company’s senior secured obligations and rank equal in right of payment with all of the Company’s and the guarantors’ existing and future senior indebtedness, including obligations under the 2015 Credit Facility and the Company’s 2020 Notes. The 2022 Notes and related guarantees are equally and ratably secured by the same collateral securing the 2015 Credit Facility and any other parity lien debt issued after the issue date of the 2022 Notes, including any additional notes issued under the Indenture, but are effectively subordinated to the Company’s and the guarantors’ secured indebtedness to the extent of the value of the collateral securing such indebtedness that does not also secure the 2022 Notes. Collateral includes substantially all of the Company’s and the guarantors’ current and future property and assets for accounts receivable, cash, deposit accounts, other bank accounts, securities accounts, inventory and related assets including the capital stock of each subsidiary guarantor. Finally, the Company also has the Comcast Note which is a general but senior unsecured obligation of the Company. Comcast Note 2015 9.25% Senior 7.375% Senior Total (In thousands) October – December 2016 $ — $ 875 $ — $ — $ 875 2017 — 3,500 — — 3,500 2018 — 341,250 — — 341,250 2019 11,872 — — — 11,872 2020 — — 315,000 — 315,000 2021 and thereafter — — — 350,000 350,000 Total Debt $ 11,872 $ 345,625 $ 315,000 $ 350,000 $ 1,022,497

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	6. INCOME TAXES: The Company recorded tax expense of approximately $ 8.3 12.5 Interim Reporting As of September 30, 2016, the Company continues to maintain a full valuation allowance on its deferred tax assets for substantially all entities and jurisdictions, but excludes deferred tax liabilities related to indefinite-lived intangible assets. In accordance with ASC 740, “ Accounting for Income Taxes

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	7. STOCKHOLDERS’ EQUITY: Stock Repurchase Program In December 2015, the Company’s Board of Directors authorized a repurchase of shares of the Company’s Class A and Class D common stock (the “December 2015 Repurchase Authorization”). Under the December 2015 Repurchase Authorization, the Company is authorized, but is not obligated, to repurchase up to $ 3.5 7.0 7.0 330,111 568,000 1.72 345,293 1.4 4.12 619,418 1.9 3.01 1,255,592 3.0 2.40 Stock Option and Restricted Stock Grant Plan A stock option and restricted stock plan (“the 2009 Stock Plan”) was approved by the stockholders at the Company’s annual meeting on December 16, 2009. The Company had the authority to issue up to 8,250,000 7,000,000 1,000,000 8,250,000 8,012,932 On September 30, 2014, the Compensation Committee (“Compensation Committee”) of the Board of Directors of the Company approved the principal terms of new employment agreements for each of the Company’s named executive officers which included the granting of restricted shares and stock options under a long-term incentive plan (“LTIP”) as follows, effective October 6, 2014: Cathy Hughes, Founder and Executive Chairperson was awarded 456,000 Class D common stock vesting in approximately equal 1/3 tranches on April 20, 2015, December 31, 2015 and December 31, 2016 293,000 Class D common stock, vesting in approximately equal 1/3 tranches on April 6, 2015, December 31, 2015 and December 31, 2016. Alfred C. Liggins, President and Chief Executive Officer of Radio One, Inc. and TV One, LLC was awarded 913,000 Class D common stock vesting in approximately equal 1/3 tranches on April 20, 2015, December 31, 2015 and December 31, 2016 587,000 Class D common stock, vesting in approximately equal 1/3 tranches on April 6, 2015, December 31, 2015 and December 31, 2016. Peter Thompson, Executive Vice President and Chief Financial Officer was awarded 350,000 200,000 75,000 225,000 Class D common stock vesting in equal 112,500 share tranches on December 31, 2015 and December 31, 2016. Linda Vilardo, Executive Vice President and Chief Administrative Officer was awarded 225,000 Class D common stock vesting in equal Also on September 30, 2014, the Compensation Committee awarded 410,000 On October 26, 2015, the Compensation Committee awarded David Kantor, Chief Executive Officer, Radio Division, 100,000 300,000 Stock-based compensation expense for the three months ended September 30, 2016 and 2015, was $ 782 1.0 2.3 3.8 The Company did not grant stock options during the nine months ended September 30, 2016. The Company granted 50,000 Number of Weighted-Average Weighted-Average Aggregate Outstanding at December 31, 2015 3,712,000 $ 2.06 5.20 $ 733,000 Grants — $ — Exercised — $ — Forfeited/cancelled/expired (12,000) $ 10.66 Balance as of September 30, 2016 3,700,000 $ 2.03 4.47 $ 4,140,000 Vested and expected to vest at September 30, 2016 3,589,000 $ 2.02 4.34 $ 4,077,000 Unvested at September 30, 2016 756,000 $ 2.45 8.50 $ 441,000 Exercisable at September 30, 2016 2,944,000 $ 1.93 3.43 $ 3,699,000 The aggregate intrinsic value in the table above represents the difference between the Company’s stock closing price on the last day of trading during the three months ended September 30, 2016, and the exercise price, multiplied by the number of shares that would have been received by the holders of in-the-money options had all the option holders exercised their options on September 30, 2016. This amount changes based on the fair market value of the Company’s stock. There were no options exercised during the three and nine months ended September 30, 2016. There were no options that vested during the three and nine months ended September 30, 2016. There were no options exercised during the three and nine months ended September 30, 2015. No options vested during the three months ended September 30, 2015, and 293,338 As of September 30, 2016, $ 694,000 7.5 1.39 The Company did not grant shares of restricted stock during the three months ended September 30, 2016, and granted 157,728 25,000 93,680 18,182 50,000 13,736 50,000 2,424,000 68,680 56,050 Shares Average Unvested at December 31, 2015 953,000 $ 2.76 Grants 158,000 $ 2.07 Vested (50,000) $ 4.01 Forfeited/cancelled/expired (45,000) $ 2.75 Unvested at September 30, 2016 1,016,000 $ 2.81 The restricted stock grants were included in the Company’s outstanding share numbers on the effective date of grant. As of September 30, 2016, approximately $ 1.2 6.8

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	8. SEGMENT INFORMATION: The Company has four reportable segments: (i) radio broadcasting; (ii) Reach Media; (iii) internet; and (iv) cable television. These segments operate in the United States and are consistently aligned with the Company’s management of its businesses and its financial reporting structure. The radio broadcasting segment consists of all broadcast results of operations. The Reach Media segment consists of the results of operations for the Tom Joyner Morning Show and related activities and operations of other syndicated shows. The internet segment includes the results of our online business, including the operations of Interactive One. The cable television segment consists of TV One’s results of operations. Corporate/Eliminations represents financial activity associated with our corporate staff and offices and intercompany activity among the four segments. Operating loss or income represents total revenues less operating expenses, depreciation and amortization, and impairment of long-lived assets. Intercompany revenue earned and expenses charged between segments are recorded at estimated fair value and eliminated in consolidation. The accounting policies described in the summary of significant accounting policies in Note 1 – Organization and Summary of Significant Accounting Policies Three Months Ended 2016 2015 (Unaudited) (In thousands) (As Net Revenue: Radio Broadcasting $ 47,703 $ 50,880 Reach Media 12,530 13,486 Internet 5,374 5,503 Cable Television 46,822 47,571 Corporate/Eliminations* (1,573) (1,547) Consolidated $ 110,856 $ 115,893 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 27,768 $ 31,833 Reach Media 10,423 11,061 Internet 5,438 5,427 Cable Television 28,596 31,987 Corporate/Eliminations 5,629 5,671 Consolidated $ 77,854 $ 85,979 Depreciation and Amortization: Radio Broadcasting $ 1,035 $ 1,145 Reach Media 59 (394) Internet 417 446 Cable Television 6,559 6,554 Corporate/Eliminations 399 526 Consolidated $ 8,469 $ 8,277 Impairment of long-lived assets: Radio Broadcasting $ — $ — Reach Media — — Internet — 14,545 Cable Television — — Corporate/Eliminations — — Consolidated $ — $ 14,545 Operating income (loss): Radio Broadcasting $ 18,900 $ 17,902 Reach Media 2,048 2,819 Internet (481) (14,915) Cable Television 11,667 9,030 Corporate/Eliminations (7,601) (7,744) Consolidated $ 24,533 $ 7,092 * Includes Corporate network revenue in 2015. Intercompany revenue included in segment net revenues above is as follows: Radio Broadcasting $ (250) $ (801) Reach Media (430) (433) Internet (882) (933) TV One (12) — Capital expenditures by segment are as follows: Radio Broadcasting $ 740 $ 1,087 Reach Media 110 36 Internet 253 185 Cable Television 172 108 Corporate/Eliminations 369 79 Consolidated $ 1,644 $ 1,495 September 30, December 31, (Unaudited) (In thousands) Total Assets: Radio Broadcasting $ 784,241 $ 781,022 Reach Media 42,270 36,989 Internet 16,663 18,427 Cable Television 461,626 445,660 Corporate/Eliminations 54,729 64,426 Consolidated $ 1,359,529 $ 1,346,524 Nine Months Ended September 30, 2016 2015 (Unaudited) (In thousands) (As reclassified) Net Revenue: Radio Broadcasting $ 145,597 $ 149,093 Reach Media 42,328 42,508 Internet 15,668 15,763 Cable Television 143,858 138,898 Corporate/Eliminations* (4,788) (4,785) Consolidated $ 342,663 $ 341,477 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 88,762 $ 96,881 Reach Media 35,816 36,041 Internet 15,769 16,342 Cable Television 85,888 87,348 Corporate/Eliminations 19,645 16,503 Consolidated $ 245,880 $ 253,115 Depreciation and Amortization: Radio Broadcasting $ 3,256 $ 3,469 Reach Media 148 137 Internet 1,299 1,559 Cable Television 19,664 19,600 Corporate/Eliminations 1,356 1,580 Consolidated $ 25,723 $ 26,345 Impairment of long-lived assets: Radio Broadcasting $ — $ — Reach Media — — Internet — 14,545 Cable Television — — Corporate/Eliminations — — Consolidated $ — $ 14,545 Operating income (loss): Radio Broadcasting $ 53,579 $ 48,743 Reach Media 6,364 6,330 Internet (1,400) (16,683) Cable Television 38,306 31,950 Corporate/Eliminations (25,789) (22,868) Consolidated $ 71,060 $ 47,472 * Includes Corporate network revenue in 2015. Intercompany revenue included in segment net revenues above is as follows: Radio Broadcasting $ (842) $ (2,708) Reach Media (1,281) (1,192) Internet (2,643) (2,743) TV One (22) — Capital expenditures by segment are as follows: Radio Broadcasting $ 2,574 $ 4,223 Reach Media 332 258 Internet 969 976 Cable Television 313 228 Corporate/Eliminations 790 320 Consolidated $ 4,978 $ 6,005

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	9. COMMITMENTS AND CONTINGENCIES: Royalty Agreements The Company has historically entered into fixed and variable fee music license agreements with performance rights organizations including the Society of European Stage Authors and Composers (“SESAC”), American Society of Composers, Authors and Publishers (“ASCAP”) and Broadcast Music, Inc. (“BMI”). Our ASCAP and BMI licenses expire December 31, 2016. The Company has authorized the Radio Music License Committee (the “RMLC”) to negotiate on its behalf with respect to its licenses with SESAC, ASCAP and BMI including the ASCAP and BMI licenses expiring December 31, 2016. The RMLC is currently in negotiations with ASCAP and BMI for license terms of January 1, 2017 through December 31, 2021. The RMLC is in preparation for a binding rate arbitration with SESAC. This arbitration will be completed by the end of the first calendar quarter of 2017 and the rate decision will have retroactive application to January 1, 2016. In the interim, we continue payments to SESAC at the existing 2015 rates and, SESAC may not increase our fees for any reason prior to the rate arbitration decision being issued. In connection with all performance rights organization agreements, the Company incurred expenses of approximately $ 1.0 2.7 6.1 7.7 Other Contingencies The Company has been named as a defendant in several legal actions arising in the ordinary course of business. It is management’s opinion, after consultation with its legal counsel, that the outcome of these claims will not have a material adverse effect on the Company’s financial position or results of operations. Off-Balance Sheet Arrangements On February 24, 2015, the Company entered into a letter of credit reimbursement and security agreement. As of September 30, 2016, the Company had letters of credit totaling $ 933,000 Noncontrolling Interest Shareholders’ Put Rights Beginning on January 1, 2018, the noncontrolling interest shareholders of Reach Media have an annual right to require Reach Media to purchase all or a portion of their shares at the then current fair market value for such shares (the “Put Right”). Beginning in 2018, this annual right is exercisable for a 30-day period beginning January 1 of each year. The purchase price for such shares may be paid in cash and/or registered Class D common stock of Radio One, at the discretion of Radio One.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	On June 15, 2016, the Company acquired a translator with the call sign W231BI licensed to Utica, New York (the “Translator”) for $ 40,000 400,000 On November 3, 2016, during the course of its conference call to discuss its results for the third fiscal quarter of 2016, the Company announced that it would be changing its corporate name and that effective January 1, 2017, the Company would be called “Urban One, Inc.” to better reflect its multi-media platform. During the quarter ended September 30, 2016, the Company entered into a letter of intent to sell certain land, towers and equipment to a third party which the Company expects to close in the next twelve months. The closing of the transaction is subject to certain customary conditions, including execution of a definitive agreement. The identified assets have been classified as held for sale in the consolidated balance sheet at September 30, 2016. The combined net carrying value of $2.3 million

ORGANIZATION AND SUMMARY OF S20

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	(a) Organization Radio One, Inc. (a Delaware corporation referred to as “Radio One”) and its subsidiaries (collectively, the “Company”) is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise which is the largest radio broadcasting operation that primarily targets African-American and urban listeners. We currently own and/or operate 56 broadcast stations located in 16 urban markets in the United States. While our primary source of revenue is the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate as the premier multi-media entertainment and information content provider targeting African-American and urban consumers. Thus, we have diversified our revenue streams by making acquisitions and investments in other complementary media properties. Our other media interests include our ownership of TV One, LLC (“TV One”), an African-American targeted cable television network; our ownership of Interactive One, LLC (“Interactive One”), our wholly-owned online platform serving the African-American community through social content, news, information, and entertainment websites, including Global Grind, News One, TheUrbanDaily and HelloBeautiful, and online social networking websites, including BlackPlanet and MiGente; and our 80.0 5 40 5 As part of our consolidated financial statements, consistent with our financial reporting structure and how the Company currently manages its businesses, we have provided selected financial information on the Company’s four reportable segments: (i) radio broadcasting; (ii) Reach Media; (iii) internet; and (iv) cable television. (See Note 8 – Segment Information
Basis of Accounting, Policy [Policy Text Block]	(b) Interim Financial Statements The interim consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In management’s opinion, the interim financial data presented herein include all adjustments (which include only normal recurring adjustments) necessary for a fair presentation. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. Results for interim periods are not necessarily indicative of results to be expected for the full year. This Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K. Certain reclassifications have been made to prior year balances to conform to the current year presentation. These reclassifications had no effect on any other previously reported or consolidated net income or loss or any other statement of operations, balance sheet or cash flow amounts. Where applicable, these financial statements have been identified as “As Reclassified.”
Fair Value of Financial Instruments, Policy [Policy Text Block]	(c) Financial Instruments Financial instruments as of September 30, 2016, and December 31, 2015, consisted of cash and cash equivalents, trade accounts receivable, long-term debt and redeemable noncontrolling interests. The carrying amounts approximated fair value for each of these financial instruments as of September 30, 2016, and December 31, 2015, except for the Company’s outstanding senior subordinated notes, secured notes and senior secured credit facility. The 9.25 315.0 335.0 293.0 258.0 7.375 350.0 353.5 311.5 350.0 345.6 348.3 343.9 353.0 11.9 11.9 11.9 Long-Term Debt
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Within our radio broadcasting and Reach Media segments, the Company recognizes revenue for broadcast advertising when a commercial is broadcast, and the revenue is reported net of agency and outside sales representative commissions, in accordance with Accounting Standards Codification (“ASC”) 605, “ Revenue Recognition 6.4 6.5 19.0 19.1 Interactive One generates the majority of the Company’s internet revenue, and derives such revenue principally from advertising services on non-radio station branded but Company-owned websites. Advertising services include the sale of banner and sponsorship advertisements. Advertising revenue is recognized either as impressions (the number of times advertisements appear in viewed pages) are delivered, when “click through” purchases are made, or ratably over the contract period, where applicable. In addition, Interactive One derives revenue from its studio operations, in which it provides third-party clients with publishing services including digital platforms and expertise. In the case of the studio operations, revenue is recognized primarily through fixed contractual monthly fees and/or as a share of the third party’s reported revenue. TV One derives advertising revenue from the sale of television air time to advertisers and recognizes revenue when the advertisements are run. TV One also derives revenue from affiliate fees under the terms of various affiliation agreements based on a per subscriber fee multiplied by the most recent subscriber counts reported by the applicable affiliate. For our cable television segment, agency and outside sales representative commissions were approximately $ 3.8 4.2 11.8 11.4
Launch Support [Policy Text Block]	Launch Support TV One has entered into certain affiliate agreements requiring various payments by TV One for launch support. Launch support assets are used to initiate carriage under affiliation agreements and are amortized over the term of the respective contracts. Launch support amortization is recorded as a reduction to revenue. TV One did not incur any launch support fees during the nine months ended September 30, 2016. TV One paid $ 670,000 10.9 8.2 8.9 20,000 61,000 594,000 2.1
Advertising Barter Transactions, Policy [Policy Text Block]	(f) Barter Transactions For barter transactions, the Company provides advertising time in exchange for programming content and certain services and accounts for these exchanges in accordance with ASC 605, “ Revenue Recognition 491,000 599,000 450,000 552,000 41,000 47,000 1.6 1.7 1.5 1.6 122,000 142,000
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Basic earnings per share is computed on the basis of the weighted average number of shares of common stock (Classes A, B, C and D) outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. The Company’s potentially dilutive securities include stock options and unvested restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a net loss, as the inclusion of the potentially dilutive common shares would have an anti-dilutive effect. Three Months Ended Nine Months Ended 2016 2015 2016 2015 (Unaudited) (In Thousands) Numerator: Net (loss) income attributable to common stockholders $ (423) $ (18,145) $ 2,944 $ (49,673) Denominator: Denominator for basic net (loss) income per share - weighted average outstanding shares 47,481,004 48,220,262 48,066,267 47,963,763 Effect of dilutive securities: Stock options and restricted stock — — 1,173,898 — Denominator for diluted net (loss) income per share - weighted-average outstanding shares 47,481,004 48,220,262 49,240,165 47,963,763 Net (loss) income attributable to common stockholders per share – basic $ (0.01) $ (0.38) $ 0.06 $ (1.04) Net (loss) income attributable to common stockholders per share –diluted $ (0.01) $ (0.38) $ 0.06 $ (1.04) All stock options and restricted stock awards were excluded from the diluted calculation for the three months ended September 30, 2016 and 2015, and for the nine months ended September 30, 2015, as their inclusion would have been anti-dilutive. The following table summarizes the potential common shares excluded from the diluted calculation. Three Months Ended Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2015 (Unaudited) (In Thousands) Stock options 3,700 3,417 3,417 Restricted stock awards 1,117 1,671 2,062
New Accounting Pronouncements, Policy [Policy Text Block]	(i) Impact of Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers Revenue Recognition Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting” “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” In April 2015, the FASB issued ASU 2015-03, “ Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs 7.4 Interest - Imputation of Interest: Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements 421,000 In November 2015, the FASB issued ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation (Topic 718) In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (A Consensus of the Emerging Issues Task Force)
Redeemable Noncontrolling Interest Policy [Policy Text Block]	Redeemable noncontrolling interest Redeemable noncontrolling interests are interests in subsidiaries that are redeemable outside of the Company’s control either for cash or other assets. These interests are classified as mezzanine equity and measured at the greater of estimated redemption value at the end of each reporting period or the historical cost basis of the noncontrolling interests adjusted for cumulative earnings allocations. The resulting increases or decreases in the estimated redemption amount are affected by corresponding charges against retained earnings, or in the absence of retained earnings, additional paid-in-capital.
Content Assets [Policy Text Block]	(k) Content Assets TV One has entered into contracts to acquire entertainment programming rights and programs from distributors and producers. The license periods granted in these contracts generally run from one year to ten years. Contract payments are made in installments over terms that are generally shorter than the contract period. Each contract is recorded as an asset and a liability at an amount equal to its gross contractual commitment when the license period begins and the program is available for its first airing. Acquired content is generally amortized on a straight-line method over the term of the license which reflects the estimated usage. For certain content for which the pattern of usage is accelerated, amortization is based upon the actual usage. The Company also has programming for which the Company has engaged third parties to develop and produce, and it owns most or all rights (commissioned programming). Content amortization expense for each period is recognized based on the revenue forecast model, which approximates the proportion that estimated advertising and affiliate revenues for the current period represent in relation to the estimated remaining total lifetime revenues. Acquired program rights are recorded at the lower of unamortized cost or estimated net realizable value. Estimated net realizable values are based on the estimated revenues associated with the program materials and related expenses. In evaluating its contracts for recoverability for the three and nine months ended September 30, 2016, the Company recognized an impairment and recorded additional amortization expense of $ 0 1.9 Tax incentives offered by state and local governments that are directly measured based on production activities are recorded as reductions in production costs.
Derivatives, Policy [Policy Text Block]	Derivatives The Company recognizes all derivatives at fair value in the consolidated balance sheet as either an asset or liability. The accounting for changes in the fair value of a derivative, including certain derivative instruments embedded in other contracts, depends on the intended use of the derivative and the resulting designation. The Company has accounted for the Employment Agreement Award as a derivative instrument in accordance with ASC 815, “Derivatives and Hedging.” 25.7 20.9 1.0 882,000 5.8 2.3 The Company’s obligation to pay the Employment Agreement Award was triggered after the Company’s recovery of the aggregate pre-Comcast Buyout (as defined below) capital contribution in TV One and payments are only required upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s pre-Comcast Buyout capital contribution in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company, or is terminated for cause. The Compensation Committee of the Board of Directors of the Company has approved terms for a new employment agreement with the CEO, including a renewal of the Employment Agreement Award upon similar terms as in the prior Employment Agreement. While a new Employment Agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee.
Related Party Transactions [Policy Text Block]	(m) Related Party Transactions Reach Media provides office facilities (including office space, telecommunications facilities, and office equipment) to the Tom Joyner Foundation, Inc. (the “Foundation”), a 501(c)(3) entity, and to Tom Joyner, LTD. (“Limited”), Tom Joyner’s production company. Such services are provided to the Foundation and to Limited on a pass-through basis at cost. Under these arrangements, as of September 30, 2016 and December 31, 2015, the amounts owed to Reach Media were immaterial. Reach Media operates the Tom Joyner Fantastic Voyage, a fund raising event for the Foundation. The terms of the agreement are that Reach Media provides all necessary operations for the Fantastic Voyage, that the Foundation reimburses the Company for all related expenses, and that the Foundation pays a fee plus a performance bonus to Reach Media. The Fantastic Voyage took place during the second quarters of both 2016 and 2015. For the nine months ended September 30, 2016, Reach Media’s revenues, expenses, and operating income for the Fantastic Voyage were approximately $ 8.8 7.8 1.0 8.7 7.5 1.2 1.1 1.2

ORGANIZATION AND SUMMARY OF S21

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the calculation of basic and diluted earnings per share from continuing operations (in thousands, except share and per share data): Three Months Ended Nine Months Ended 2016 2015 2016 2015 (Unaudited) (In Thousands) Numerator: Net (loss) income attributable to common stockholders $ (423) $ (18,145) $ 2,944 $ (49,673) Denominator: Denominator for basic net (loss) income per share - weighted average outstanding shares 47,481,004 48,220,262 48,066,267 47,963,763 Effect of dilutive securities: Stock options and restricted stock — — 1,173,898 — Denominator for diluted net (loss) income per share - weighted-average outstanding shares 47,481,004 48,220,262 49,240,165 47,963,763 Net (loss) income attributable to common stockholders per share – basic $ (0.01) $ (0.38) $ 0.06 $ (1.04) Net (loss) income attributable to common stockholders per share –diluted $ (0.01) $ (0.38) $ 0.06 $ (1.04)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2015 (Unaudited) (In Thousands) Stock options 3,700 3,417 3,417 Restricted stock awards 1,117 1,671 2,062
Fair Value, by Balance Sheet Grouping [Table Text Block]	As of September 30, 2016, and December 31, 2015, the fair values of our financial assets and liabilities measured on a recurring basis are categorized as follows: Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of September 30, 2016 Liabilities subject to fair value measurement: Employment agreement award (a) $ 25,695 $ — $ — $ 25,695 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (b) $ 12,004 $ — $ — $ 12,004 As of December 31, 2015 Liabilities subject to fair value measurement: Incentive award plan (c) $ 1,506 $ — $ — $ 1,506 Employment agreement award (a) 20,915 — — 20,915 Total $ 22,421 $ — $ — $ 22,421 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (b) $ 11,286 $ — $ — $ 11,286 (a) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate pre-Comcast Buyout (as defined below) capital contribution in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One (based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis) , (b) The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. (c) Balance was measured based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. A third-party valuation firm assisted the Company in estimating TV One’s fair value using the discounted cash flow analysis.
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	There were no transfers in or out of Level 1, 2, or 3 during the three or nine months ended September 30, 2016. The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the nine months ended September 30, 2016 and 2015, respectively: Incentive Employment Redeemable (In thousands) Balance at December 31, 2015 $ 1,506 $ 20,915 $ 11,286 Net income attributable to noncontrolling interests — — 1,259 Distribution (1,480) (1,049) — Change in fair value (26) 5,829 (541) Balance at September 30, 2016 $ — $ 25,695 $ 12,004 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date $ 26 $ (5,829) $ — Incentive Employment Redeemable (In thousands) Balance at December 31, 2014 $ 1,044 $ 17,993 $ 10,836 Net income attributable to noncontrolling interests — — 1,243 Dividends paid to noncontrolling interests — — (1,001) Change in fair value 79 2,344 (353) Balance at September 30, 2015 $ 1,123 $ 20,337 $ 10,725 The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date $ (79) $ (2,344) $ —
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	As of As of As of Level 3 liabilities Valuation Technique Significant Significant Unobservable Input Value Incentive award plan Discounted Cash Flow Discount Rate N/A * 10.8 % 10.4 % Incentive award plan Discounted Cash Flow Long-term Growth Rate N/A * 3.0 % 3.0 % Employment agreement award Discounted Cash Flow Discount Rate 10.5 % 10.8 % 10.4 % Employment agreement award Discounted Cash Flow Long-term Growth Rate 2.5 % 3.0 % 3.0 % Redeemable noncontrolling interest Discounted Cash Flow Discount Rate 10.5 % 11.8 % 11.5 % Redeemable noncontrolling interest Discounted Cash Flow Long-term Growth Rate 1.0 % 1.5 % 1.5 % * Final distribution related to the incentive award plan occurred during the first quarter of 2016.

GOODWILL AND RADIO BROADCASTI22

GOODWILL AND RADIO BROADCASTING LICENSES (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Radio Broadcasting Licenses [Abstract]
Schedule Of Radio Broadcasting Licenses Impairment [Table Text Block]	Below are some of the key assumptions used in the income approach model for estimating broadcasting licenses fair values for the interim impairment assessments for the quarters ended September 30, 2016 and 2015. Radio Broadcasting September 30, September 30, Licenses 2016 (a) 2015 (a) Pre-tax impairment charge (in millions) $ — $ — Discount Rate 9.0 % 9.5 % Year 1 Market Revenue Growth Rate Range 0.3% – 0.5 % 0.3% – 0.5 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 0.5% – 1.0 % 1.0 % – 1.5 % Mature Market Share Range 8.9% – 14.2 % 9.8% – 14.3 % Operating Profit Margin Range 31.3% – 34.1 % 31.7 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.
Schedule Of Good Will Impairment Test Radio Marketing Unit [Table Text Block]	. interim impairment assessments for the quarters ended 30, 2016 and 2015. Goodwill (Radio Market September 30, September 30, Reporting Units) 2016 (a) 2015 (a) Pre-tax impairment charge (in millions) $ — $ — Discount Rate 9.0 % 9.5 % Year 1 Market Revenue Growth Rate Range 0.6 % 0.4% – 0.7 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 1.0 % 1.0% – 2.0 % Mature Market Share Range 9.5 % 7.4% – 14.8 % Operating Profit Margin Range 18.2% – 33.9 % 26.4% – 38.7 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.
Schedule Of Goodwill Impairment Test Goodwill Internet Segment [Table Text Block]	There were no impairment indicators during the three or nine months ended September 30, 2016. September 30, Internet Segment Goodwill 2015 Pre-tax impairment charge (in millions) $ 14.5 Discount Rate 14.0 % Year 1 Revenue Growth Rate 9.6 % Long-term Revenue Growth Rate (Year 10) 2.5 % Operating Profit Margin Range 4.5% – 23.9 %
Schedule Of Changes In Carrying Amount Of Goodwill [Table Text Block]	The table below presents the changes in the Company’s goodwill carrying values for its four reportable segments: Radio Reach Internet Cable Total (In thousands) Gross goodwill $ 154,863 $ 30,468 $ 23,004 $ 165,044 $ 373,379 Accumulated impairment losses (84,436) (16,114) (14,545) — (115,095) Net goodwill at December 31, 2015 and September 30, 2016 $ 70,427 $ 14,354 $ 8,459 $ 165,044 $ 258,284

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Investments [Abstract]
Available-for-sale Securities [Table Text Block]	Available-for-sale securities were sold as follows: Nine Months Ended (In thousands) Proceeds from sales $ 3,524 Gross realized gains 19 Gross realized losses 133

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule Of Long Term Debt [Table Text Block]	Long-term debt consists of the following: September 30, 2016 December 31, 2015 (Unaudited) (In thousands) 2015 Credit Facility $ 345,625 $ 348,250 9.25% Senior Subordinated Notes due February 2020 315,000 335,000 7.375% Senior Secured Notes due April 2022 350,000 350,000 Comcast Note due April 2019 11,872 11,872 Total debt 1,022,497 1,045,122 Less: current portion of long-term debt (3,500) (3,500) Less: original issue discount and issuance costs (16,714) (20,785) Long-term debt, net $ 1,002,283 $ 1,020,837
Schedule of Maturities of Long-term Debt [Table Text Block]	Future scheduled minimum principal payments of debt as of September 30, 2016, are as follows: Comcast Note 2015 9.25% Senior 7.375% Senior Total (In thousands) October – December 2016 $ — $ 875 $ — $ — $ 875 2017 — 3,500 — — 3,500 2018 — 341,250 — — 341,250 2019 11,872 — — — 11,872 2020 — — 315,000 — 315,000 2021 and thereafter — — — 350,000 350,000 Total Debt $ 11,872 $ 345,625 $ 315,000 $ 350,000 $ 1,022,497

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Transactions and other information relating to stock options for the nine months ended September 30, 2016, are summarized below: Number of Weighted-Average Weighted-Average Aggregate Outstanding at December 31, 2015 3,712,000 $ 2.06 5.20 $ 733,000 Grants — $ — Exercised — $ — Forfeited/cancelled/expired (12,000) $ 10.66 Balance as of September 30, 2016 3,700,000 $ 2.03 4.47 $ 4,140,000 Vested and expected to vest at September 30, 2016 3,589,000 $ 2.02 4.34 $ 4,077,000 Unvested at September 30, 2016 756,000 $ 2.45 8.50 $ 441,000 Exercisable at September 30, 2016 2,944,000 $ 1.93 3.43 $ 3,699,000
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Transactions and other information relating to restricted stock grants for the nine months ended September 30, 2016, are summarized below: Shares Average Unvested at December 31, 2015 953,000 $ 2.76 Grants 158,000 $ 2.07 Vested (50,000) $ 4.01 Forfeited/cancelled/expired (45,000) $ 2.75 Unvested at September 30, 2016 1,016,000 $ 2.81

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Detailed segment data for the three and nine months ended September 30, 2016 and 2015, is presented in the following tables: Three Months Ended 2016 2015 (Unaudited) (In thousands) (As Net Revenue: Radio Broadcasting $ 47,703 $ 50,880 Reach Media 12,530 13,486 Internet 5,374 5,503 Cable Television 46,822 47,571 Corporate/Eliminations* (1,573) (1,547) Consolidated $ 110,856 $ 115,893 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 27,768 $ 31,833 Reach Media 10,423 11,061 Internet 5,438 5,427 Cable Television 28,596 31,987 Corporate/Eliminations 5,629 5,671 Consolidated $ 77,854 $ 85,979 Depreciation and Amortization: Radio Broadcasting $ 1,035 $ 1,145 Reach Media 59 (394) Internet 417 446 Cable Television 6,559 6,554 Corporate/Eliminations 399 526 Consolidated $ 8,469 $ 8,277 Impairment of long-lived assets: Radio Broadcasting $ — $ — Reach Media — — Internet — 14,545 Cable Television — — Corporate/Eliminations — — Consolidated $ — $ 14,545 Operating income (loss): Radio Broadcasting $ 18,900 $ 17,902 Reach Media 2,048 2,819 Internet (481) (14,915) Cable Television 11,667 9,030 Corporate/Eliminations (7,601) (7,744) Consolidated $ 24,533 $ 7,092 * Includes Corporate network revenue in 2015. Intercompany revenue included in segment net revenues above is as follows: Radio Broadcasting $ (250) $ (801) Reach Media (430) (433) Internet (882) (933) TV One (12) — Capital expenditures by segment are as follows: Radio Broadcasting $ 740 $ 1,087 Reach Media 110 36 Internet 253 185 Cable Television 172 108 Corporate/Eliminations 369 79 Consolidated $ 1,644 $ 1,495 September 30, December 31, (Unaudited) (In thousands) Total Assets: Radio Broadcasting $ 784,241 $ 781,022 Reach Media 42,270 36,989 Internet 16,663 18,427 Cable Television 461,626 445,660 Corporate/Eliminations 54,729 64,426 Consolidated $ 1,359,529 $ 1,346,524 Nine Months Ended September 30, 2016 2015 (Unaudited) (In thousands) (As reclassified) Net Revenue: Radio Broadcasting $ 145,597 $ 149,093 Reach Media 42,328 42,508 Internet 15,668 15,763 Cable Television 143,858 138,898 Corporate/Eliminations* (4,788) (4,785) Consolidated $ 342,663 $ 341,477 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 88,762 $ 96,881 Reach Media 35,816 36,041 Internet 15,769 16,342 Cable Television 85,888 87,348 Corporate/Eliminations 19,645 16,503 Consolidated $ 245,880 $ 253,115 Depreciation and Amortization: Radio Broadcasting $ 3,256 $ 3,469 Reach Media 148 137 Internet 1,299 1,559 Cable Television 19,664 19,600 Corporate/Eliminations 1,356 1,580 Consolidated $ 25,723 $ 26,345 Impairment of long-lived assets: Radio Broadcasting $ — $ — Reach Media — — Internet — 14,545 Cable Television — — Corporate/Eliminations — — Consolidated $ — $ 14,545 Operating income (loss): Radio Broadcasting $ 53,579 $ 48,743 Reach Media 6,364 6,330 Internet (1,400) (16,683) Cable Television 38,306 31,950 Corporate/Eliminations (25,789) (22,868) Consolidated $ 71,060 $ 47,472 * Includes Corporate network revenue in 2015. Intercompany revenue included in segment net revenues above is as follows: Radio Broadcasting $ (842) $ (2,708) Reach Media (1,281) (1,192) Internet (2,643) (2,743) TV One (22) — Capital expenditures by segment are as follows: Radio Broadcasting $ 2,574 $ 4,223 Reach Media 332 258 Internet 969 976 Cable Television 313 228 Corporate/Eliminations 790 320 Consolidated $ 4,978 $ 6,005

ORGANIZATION AND SUMMARY OF S27

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator:
Net (loss) income attributable to common stockholders	$ (423)	$ (18,145)	$ 2,944	$ (49,673)
Denominator:
Denominator for basic net (loss) income per share - weighted average outstanding shares	47,481,004	48,220,262	48,066,267	47,963,763
Effect of dilutive securities:
Stock options and restricted stock (in shares)	0	0	1,173,898	0
Denominator for diluted net (loss) income per share - weighted-average outstanding shares	47,481,004	48,220,262	49,240,165	47,963,763
Net (loss) income attributable to common stockholders per share - basic	$ (0.01)	$ (0.38)	$ 0.06	$ (1.04)
Net (loss) income attributable to common stockholders per share -diluted ( in dollars per shares)	$ (0.01)	$ (0.38)	$ 0.06	$ (1.04)

ORGANIZATION AND SUMMARY OF S28

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2015
Restricted Stock [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,117	1,671	2,062
Stock Option [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,700	3,417	3,417

ORGANIZATION AND SUMMARY OF S29

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Liabilities subject to fair value measurement:
Total			$ 22,421
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	$ 12,004	11,286
Fair Value, Inputs, Level 1 [Member]
Liabilities subject to fair value measurement:
Total			0
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	0	0
Fair Value, Inputs, Level 2 [Member]
Liabilities subject to fair value measurement:
Total			0
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	0	0
Fair Value, Inputs, Level 3 [Member]
Liabilities subject to fair value measurement:
Total			22,421
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	12,004	11,286
Incentive Award Plan [Member]
Liabilities subject to fair value measurement:
Incentive award plan	[2]		1,506
Incentive Award Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities subject to fair value measurement:
Incentive award plan	[2]		0
Incentive Award Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities subject to fair value measurement:
Incentive award plan	[2]		0
Incentive Award Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities subject to fair value measurement:
Incentive award plan	[2]		1,506
Employment Agreement Award [Member]
Liabilities subject to fair value measurement:
Employment agreement award	[3]	25,695	20,915
Employment Agreement Award [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities subject to fair value measurement:
Employment agreement award	[3]	0	0
Employment Agreement Award [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities subject to fair value measurement:
Employment agreement award	[3]	0	0
Employment Agreement Award [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities subject to fair value measurement:
Employment agreement award	[3]	$ 25,695	$ 20,915
[1]	The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.
[2]	Balance was measured based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. A third-party valuation firm assisted the Company in estimating TV One’s fair value using the discounted cash flow analysis.
[3]	Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) is eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate pre-Comcast Buyout (as defined below) capital contribution in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One (based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis), and an assessment of the probability that the Employment Agreement will be renewed and contain this provision. There are probability factors included in the calculation of the award related to the likelihood that the award will be realized. The Company’s obligation to pay the award was triggered after the Company’s recovery of the aggregate amount of our pre-Comcast Buyout (as defined below) capital contribution in TV One, and payments are required only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company or is terminated for cause. A third-party valuation firm assisted the Company in estimating TV One’s fair value using the discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. As noted in our current report on Form 8-K filed October 6, 2014, the Compensation Committee of the Board of Directors of the Company approved terms for a new employment agreement with the CEO, including a renewal of the Employment Agreement Award upon similar terms as in the prior Employment Agreement. While a new employment agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee.

ORGANIZATION AND SUMMARY OF S30

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Incentive Award Plan [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 1,506	$ 1,044
Net income attributable to noncontrolling interests	0	0
Dividends paid to noncontrolling interests		0
Distribution	(1,480)
Change in fair value	(26)	79
Balance, end of period	0	1,123
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date	26	(79)
Employment Agreement Award [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	20,915	17,993
Net income attributable to noncontrolling interests	0	0
Dividends paid to noncontrolling interests		0
Distribution	(1,049)
Change in fair value	5,829	2,344
Balance, end of period	25,695	20,337
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date	(5,829)	(2,344)
Redeemable Noncontrolling Interests [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	11,286	10,836
Net income attributable to noncontrolling interests	1,259	1,243
Dividends paid to noncontrolling interests		(1,001)
Distribution	0
Change in fair value	(541)	(353)
Balance, end of period	12,004	10,725
The amount of total losses for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at the reporting date	$ 0	$ 0

ORGANIZATION AND SUMMARY OF S31

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)	9 Months Ended			12 Months Ended
	Sep. 30, 2016		Sep. 30, 2015	Dec. 31, 2015
Incentive Award Plan [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate		[1]	10.40%	10.80%
Fair Value Inputs, Long-term Growth Rate		[1]	3.00%	3.00%
Fair Value Measurements, Valuation Technique	Discounted Cash Flow
Employment Agreement Award [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	10.50%		10.40%	10.80%
Fair Value Inputs, Long-term Growth Rate	2.50%		3.00%	3.00%
Fair Value Measurements, Valuation Technique	Discounted Cash Flow
Redeemable Noncontrolling Interest [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	10.50%		11.50%	11.80%
Fair Value Inputs, Long-term Growth Rate	1.00%		1.50%	1.50%
Fair Value Measurements, Valuation Technique	Discounted Cash Flow
[1]	Final distribution related to the incentive award plan occurred during the first quarter of 2016.

ORGANIZATION AND SUMMARY OF S32

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Apr. 10, 2015	May 31, 2014
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Cost of Goods and Services Sold, Total	$ 32,093,000	$ 32,785,000	$ 96,789,000	$ 98,667,000
Selling, General and Administrative Expense, Total	35,855,000	41,462,000	$ 114,541,000	118,656,000
Related Party Transaction, Terms and Manner of Settlement			The fee is up to the first $1.0 million after the Fantastic Voyage nets $250,000 to the Foundation. The balance of any operating income is earned by the Foundation less a performance bonus of 50% to Reach Media of any excess over $1.25 million
Revenues	110,856,000	115,893,000	$ 342,663,000	341,477,000
Operating Expenses, Total	86,323,000	108,801,000	271,603,000	294,005,000
Operating Income (Loss)	24,533,000	7,092,000	71,060,000	47,472,000
Payment of launch support			0	670,000
Accounting Standards Update 2015-15 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Debt Related Commitment Fees and Debt Issuance Costs			421,000
Comcast Note [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	11,900,000		11,900,000		$ 11,900,000
Debt Instrument, Fair Value Disclosure	$ 11,900,000		$ 11,900,000		$ 11,900,000
Debt Instrument, Interest Rate, Stated Percentage	10.47%		10.47%
Senior Subordinated Notes [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.375%		7.375%
MGM National Harbor [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Investment Owned, at Cost						$ 5,000,000
Employment Agreement Award [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Selling, General and Administrative Expense, Total	$ 1,000,000	882,000	$ 5,800,000	2,300,000
Barter Transactions [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Advertising Barter Transactions, Advertising Barter Revenue	491,000	599,000	1,600,000	1,700,000
Cost of Goods and Services Sold, Total	450,000	552,000	1,500,000	1,600,000
Selling, General and Administrative Expense, Total			41,000	47,000
Radio broadcasting and Reach Media segments [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Sales Commissions and Fees	6,400,000	6,500,000	$ 19,000,000	$ 19,100,000
Maximum [Member] | MGM National Harbor [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Investment Owned, Face Amount							$ 40,000,000
Minimum [Member] | MGM National Harbor [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Investment Owned, Face Amount							$ 5,000,000
Launch Support Assets [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Finite Lived Intangible Assets Weighted Average Amortization Period			10 years 10 months 24 days		10 years 10 months 24 days
Finite Lived Intangible Assets Remaining Weighted Average Amortization Period			8 years 2 months 12 days	8 years 10 months 24 days
Amortization of Intangible Assets	20,000	594,000	$ 61,000	$ 2,100,000
Content Assets [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Amortization of Intangible Assets	$ 0	501,000	$ 1,900,000	501,000
Chief Executive Officer [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Percentage Of Award Amount	4.00%		4.00%
Reassessed Estimated Fair Value of Award	$ 25,700,000		$ 25,700,000		$ 20,900,000
Senior Subordinated Notes due February 2020 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	315,000,000		315,000,000		335,000,000
Debt Instrument, Fair Value Disclosure	$ 293,000,000		$ 293,000,000		258,000,000
Debt Instrument, Interest Rate, Stated Percentage	9.25%		9.25%
Senior Subordinated Notes due March 2022 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	$ 350,000,000		$ 350,000,000		350,000,000
Debt Instrument, Fair Value Disclosure	353,500,000		353,500,000		311,500,000
Senior Secured Credit Facility [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	345,600,000		345,600,000		348,300,000
Debt Instrument, Fair Value Disclosure	343,900,000		343,900,000		353,000,000
Debt Instrument, Face Amount	350,000,000		350,000,000		350,000,000
Tv One Llc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Sales Commissions and Fees	$ 3,800,000	$ 4,200,000	$ 11,800,000	11,400,000
Reach Media Inc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	80.00%		80.00%
Related Party Transaction, Due from (to) Related Party, Total	$ 1,100,000		$ 1,100,000		$ 1,200,000
Reach Media Inc [Member] | Fantastic Voyage [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Revenues			8,800,000	8,700,000
Operating Expenses, Total			7,800,000	7,500,000
Operating Income (Loss)			$ 1,000,000	$ 1,200,000

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Details Textual) - USD ($)	Jun. 15, 2016	Nov. 12, 2015	Jul. 31, 2016	Jul. 25, 2016	Jun. 30, 2016	Apr. 17, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired, Total							$ 2,000,000	$ 0
Other Intangible Assets, Net							122,198,000		$ 141,433,000
Disposal Group, Including Discontinued Operation, Assets, Noncurrent							$ 2,300,000
Educational Media Foundation [Member]
Business Acquisition [Line Items]
Payments to Acquire Translator	$ 40,000				$ 40,000
Beasley Media Group, Inc. [Member]
Business Acquisition [Line Items]
Sale Of Translator Agreed Amount To Sell			$ 400,000	$ 400,000
TV One [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired, Total						$ 211,100,000
Noncontrolling Interest, Ownership Percentage by Parent						99.60%
Payments to Acquire Businesses, Gross						$ 221,700,000
Working Capital Adjustment						1,300,000
Long-term Debt, Gross						$ 11,900,000
Columbus Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment, Total		$ 957,000
Business Combination, Consideration Transferred		2,000,000
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Lease Liability		909,000
Business Combination Amount Assigned To Broadcasting Licenses		1,900,000
Other Intangible Assets, Net		$ 84,000

GOODWILL AND RADIO BROADCASTI34

GOODWILL AND RADIO BROADCASTING LICENSES (Details) - Radio Broadcasting Licenses [Member] - USD ($) $ in Millions		Sep. 30, 2016	Sep. 30, 2015
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Pre-tax impairment charge (in millions)	[1]	$ 0	$ 0
Discount Rate	[1]	9.00%	9.50%
Operating Profit Margin Range	[1]		31.70%
Minimum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]	0.30%	0.30%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	0.50%	1.00%
Mature Market Share Range	[1]	8.90%	9.80%
Operating Profit Margin Range	[1]	31.30%
Maximum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]	0.50%	0.50%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	1.00%	1.50%
Mature Market Share Range	[1]	14.20%	14.30%
Operating Profit Margin Range	[1]	34.10%
[1]	Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.

GOODWILL AND RADIO BROADCASTI35

GOODWILL AND RADIO BROADCASTING LICENSES (Details 1) - Radio Marketing Units [Member] - USD ($) $ in Millions		Sep. 30, 2016	Sep. 30, 2015
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Pre-tax impairment charge (in millions)	[1]	$ 0	$ 0
Discount Rate	[1]	9.00%	9.50%
Year 1 Market Revenue Growth Rate Range	[1]	0.60%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	1.00%
Mature Market Share Range	[1]	9.50%
Minimum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]		0.40%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]		1.00%
Mature Market Share Range	[1]		7.40%
Operating Profit Margin Range	[1]	18.20%	26.40%
Maximum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]		0.70%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]		2.00%
Mature Market Share Range	[1]		14.80%
Operating Profit Margin Range	[1]	33.90%	38.70%
[1]	Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.

GOODWILL AND RADIO BROADCASTI36

GOODWILL AND RADIO BROADCASTING LICENSES (Details 2) - Internet Segment Goodwill [Member] $ in Millions	Sep. 30, 2015USD ($)
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Pre-tax impairment charge (in millions)	$ 14.5
Discount Rate	14.00%
Year 1 Revenue Growth Rate	9.60%
Long-term Revenue Growth Rate (Year 10)	2.50%
Minimum [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Operating Profit Margin Range	4.50%
Maximum [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Operating Profit Margin Range	23.90%

GOODWILL AND RADIO BROADCASTI37

GOODWILL AND RADIO BROADCASTING LICENSES (Details 3) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	$ 373,379
Accumulated impairment losses	(115,095)
Net goodwill	258,284	$ 258,284
Radio Broadcasting Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	154,863
Accumulated impairment losses	(84,436)
Net goodwill	70,427
Reach Media Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	30,468
Accumulated impairment losses	(16,114)
Net goodwill	14,354
Internet Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	23,004
Accumulated impairment losses	(14,545)
Net goodwill	8,459
Cable Television Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	165,044
Accumulated impairment losses	0
Net goodwill	$ 165,044

GOODWILL AND RADIO BROADCASTI38

GOODWILL AND RADIO BROADCASTING LICENSES (Details Textual) $ in Millions	Sep. 30, 2015USD ($)
2015 Interim Impairment Testing [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Pre Tax Impairment Charges	$ 14.5

INVESTMENTS (Details)

INVESTMENTS (Details) - Fixed Maturities [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sales	$ 3,524
Gross realized gains	19
Gross realized losses	$ 133

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt	$ 1,022,497	$ 1,045,122
Less: current portion of long-term debt	3,500	3,500
Less: original issue discount and issuance costs	(16,714)	(20,785)
Long-term debt, net	1,002,283	1,020,837
2015 Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	345,625	348,250
9.25% Senior Subordinated Notes due February 2020 [Member]
Debt Instrument [Line Items]
Total debt	315,000	335,000
7.375% Senior Secured Notes due April 2022 [Member]
Debt Instrument [Line Items]
Total debt	350,000	350,000
Comcast Note due April 2019 [Member]
Debt Instrument [Line Items]
Total debt	$ 11,872	$ 11,872

LONG-TERM DEBT (Details 1)

LONG-TERM DEBT (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
October - December 2016	$ 875
2,017	3,500
2,018	341,250
2,019	11,872
2,020	315,000
2021 and thereafter	350,000
Total Debt	1,022,497	$ 1,045,122
Comcast Note due April 2019 [Member]
Debt Instrument [Line Items]
October - December 2016	0
2,017	0
2,018	0
2,019	11,872
2,020	0
2021 and thereafter	0
Total Debt	11,872	11,872
2015 Credit Facility [Member]
Debt Instrument [Line Items]
October - December 2016	875
2,017	3,500
2,018	341,250
2,019	0
2,020	0
2021 and thereafter	0
Total Debt	345,625
9.25% Senior Subordinated Notes due February 2020 [Member]
Debt Instrument [Line Items]
October - December 2016	0
2,017	0
2,018	0
2,019	0
2,020	315,000
2021 and thereafter	0
Total Debt	315,000	335,000
7.375% Senior Secured Notes due April 2022 [Member]
Debt Instrument [Line Items]
October - December 2016	0
2,017	0
2,018	0
2,019	0
2,020	0
2021 and thereafter	350,000
Total Debt	$ 350,000	$ 350,000

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textual) - USD ($)

Feb. 10, 2014

Apr. 21, 2016

Apr. 17, 2015

Mar. 31, 2011

Sep. 30, 2016

Jun. 30, 2016

Sep. 30, 2015

Mar. 31, 2015

Sep. 30, 2016

Sep. 30, 2015

Dec. 31, 2015

Feb. 25, 2011

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt, Total

$ 0

$ 0

$ 2,646,000

$ (7,091,000)

$ (7,100,000)

Interest Expense, Total

20,319,000

20,356,000

61,488,000

59,620,000

Original Issue Discount [Member]

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt, Total

844,000

Call Premium To Refinance [Member]

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt, Total

827,000

Consent to Existing Holders [Member]

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt, Total

106,000

Costs Associated with Financing Transactions [Member]

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt, Total

4,000,000

Comcast Note [Member]

Debt Instrument [Line Items]

Long-term Debt, Gross

$ 11,900,000

$ 11,900,000

11,900,000

Debt Instrument, Interest Rate, Stated Percentage

10.47%

10.47%

Debt Instrument, Maturity Date

Apr. 17, 2019

Debt Financing Cost [Member]

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt, Total

$ 1,300,000

Interest Expense, Total

$ 1,300,000

$ 1,200,000

$ 3,900,000

$ 3,600,000

2022 Notes

Debt Instrument [Line Items]

Long-term Debt, Gross

$ 350,000,000

Debt Instrument, Interest Rate, Stated Percentage

7.375%

Debt Instrument, Description

an original issue price of 100.0% plus accrued interest

an original issue price of 100.0% plus accrued interest

Debt Instrument, Maturity Date

Apr. 15, 2022

Second Amendment [Member]

Debt Instrument [Line Items]

Call Premium Of Credit Agreement Description

The Second Amendment provided a call premium of 101.5% if the 2011 Credit Agreement were refinanced with proceeds from a notes offering and 100.5% if the 2011 Credit Agreement was refinanced with proceeds from any otherrepayment, including proceeds from a new term loan.

Credit Agreement 2011 [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 386,000,000

Debt Instrument, Description of Variable Rate Basis

Under the terms of the 2011 Credit Agreement, as amended, interest on base rate loans was payable quarterly and interest on LIBOR loans was payable monthly or quarterly.The base rate was equal to the greater of: (i) the prime rate; (ii) the Federal Funds Effective Rate plus 0.50%; or (iii) the one-month LIBOR Rate plus 1.00%. The applicable margin on the 2011 Credit Agreement was between (i) 4.50% and 5.50% on the revolving portion of the facility and (ii) 5.00% (with a base rate floor of 2.5% per annum) and 6.00% (with a LIBOR floor of 1.5% per annum) on the term portion of the facility.

Debt Instrument, Maturity Date

Mar. 15, 2016

Credit Agreement 2011 [Member] | Term Loan [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 386,000,000

Debt Instrument, Maturity Date

Mar. 31, 2016

Credit Agreement 2011 [Member] | Second Amendment [Member]

Debt Instrument [Line Items]

Debt Instrument, Interest Rate During Period

7.50%

Debt Instrument, Periodic Payment, Principal

$ 957,000

Debt Instrument Periodic Payment Percentage Of Principal

0.25%

0.25%

Credit Agreement 2011 Amended [Member]

Debt Instrument [Line Items]

Repayments of Debt

368,500,000

Senior Subordinated Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Periodic Payment, Interest

$ 14,600,000

Percentage Of Debt Instrument, Description

12.5%/15%

Gains (Losses) on Extinguishment of Debt, Total

$ 2,600,000

Debt Instrument, Repurchase Amount

$ 20,000,000

Debt Instrument, Redemption Price, Percentage

86.00%

9.25% Senior Subordinated Notes due February 2020 [Member]

Debt Instrument [Line Items]

Long-term Debt, Gross

$ 315,000,000

$ 315,000,000

335,000,000

Debt Instrument, Interest Rate, Stated Percentage

9.25%

9.25%

9.25% Senior Subordinated Notes due February 2020 [Member] | Private Offering [Member]

Debt Instrument [Line Items]

Long-term Debt, Gross

$ 335,000,000

Debt Instrument, Interest Rate, Stated Percentage

9.25%

Debt Instrument, Maturity Date

Feb. 15, 2020

Debt Instrument, Periodic Payment

$ 15,500,000

Debt Instrument, Date of First Required Payment

Aug. 15, 2014

TV One Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 119,000,000

Debt Instrument, Interest Rate, Stated Percentage

10.00%

7.375% Senior Subordinated Notes due April 2022 [Member]

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

7.375%

Revolving Credit Facility [Member] | Credit Agreement 2011 [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 25,000,000

Debt Instrument, Maturity Date

Mar. 31, 2015

2015 Credit Facility [Member]

Debt Instrument [Line Items]

Covenant Compliance Description For Maintaining Interest Coverage Ratio

maintaining an interest coverage ratio of no less than: 1.25 to 1.00 on June 30, 2015 and the last day of each fiscal quarter thereafter.

Covenant Compliance Description For Maintaining Total Leverage Ratio

maintaining a senior leverage ratio of no greater than: 5.85 to 1.00 on June 30, 2015 and the last day of each fiscal quarter thereafter.

Long-term Debt, Gross

$ 350,000,000

$ 345,600,000

$ 345,600,000

Debt Related Commitment Fees and Debt Issuance Costs

$ 7,400,000

Debt Instrument, Interest Rate Terms

At the Companys election, the interest rate on borrowings under the 2015 Credit Facility is based on either (i) the then applicable base rate plus 3.5% (as defined in the 2015 Credit Facility) as, for any day, a rate per annum (rounded upward, if necessary, to the next 1/100th of 1%) equal to the greater of (a) the prime rate published in the Wall Street Journal, (b) 1/2 of 1% in excess rate of the overnight Federal Funds Rate at any given time, and (c) the one-month LIBOR rate commencing on such day plus 1.00%), or (ii) the then applicable LIBOR rate plus 4.5% (as defined in the 2015 Credit Facility). The average interest rate was approximately 5.14% for the three months ended September 30, 2016. Quarterly installments of 0.25%, or $875,000, of the principal balance on the term loan are payable on the last day of each March, June, September and December beginning on September 30, 2015. During the three and nine months ended September 30, 2016, the Company repaid $875,000 and approximately $2.6 million, respectively, under the 2015 Credit Facility.

Asset Backed credit Facility [Member]

Debt Instrument [Line Items]

Percentage borrowing of Eligible Accounts

85.00%

Line of Credit Facility, Maximum Borrowing Capacity

$ 25,000,000

Debt Instrument, Maturity Date, Description

The ABL Facility matures on the earlier to occur of:(a) the date that is five (5) years from the effective date of the ABL Facility and (b) the date that is thirty (30) days prior to the earlier to occur of (i) the "Term Loan Maturity Date" of the Companys existing term loan, and (ii) the "Stated Maturity" of the Companys existing notes. As of the effective date of the ABL Facility, the "Term Loan Maturity Date" is December 31, 2018, and the "Stated Maturity" is April 15, 2022.

Line Of Credit [Member] | Credit Agreement 2011 [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 411,000,000

Letter of Credit [Member]

Debt Instrument [Line Items]

Letters of Credit Outstanding, Amount

$ 933,000

$ 933,000

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)	$ 4,307	$ 4,439	$ 8,265	$ 22,911
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	$ 4,287	$ (13,192)	$ 12,468	$ (19,417)

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Grants	50,000	0	50,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at Beginning of Year		3,712,000
Number of Options, Grants		0
Number of Options, Exercised		0
Number Of Option, Forfeited/cancelled/expired		(12,000)
Number of Options, Balance at End of Year		3,700,000		3,712,000
Number of Options, Vested and expected to vest		3,589,000
Number of Options, Unvested		756,000
Number of Options, Exercisable		2,944,000
Weighted-Average Exercise Price, Outstanding at Beginning of Year (in dollars per share)		$ 2.06
Weighted-Average Exercise Price, Grants (in dollars per share)		0
Weighted-Average Exercise Price, Exercised (in dollars per share)		0
Weighted-Average Exercise Price, Forfeited/cancelled/expired (in dollars per share)		10.66
Weighted-Average Exercise Price, Balance at End of Year (in dollars per share)		2.03		$ 2.06
Weighted-Average Exercise Price, Vested and expected to vest (in dollars per share)		2.02
Weighted-Average Exercise Price, Unvested (in dollars per share)		2.45
Weighted-Average Exercise Price, Exercisable (in dollars per share)		$ 1.93
Weighted-Average Remaining Contractual Term, Outstanding (in years)		4 years 5 months 19 days		5 years 2 months 12 days
Weighted-Average Remaining Contractual Term, Vested and expected to vest (in years)		4 years 4 months 2 days
Weighted-Average Remaining Contractual Term, Unvested (in years)		8 years 6 months
Weighted-Average Remaining Contractual Term, Exercisable (in years)		3 years 5 months 5 days
Aggregate Intrinsic Value, Outstanding		$ 4,140,000		$ 733,000
Aggregate Intrinsic Value, Vested and expected to vest		4,077,000
Aggregate Intrinsic Value, Unvested		441,000
Aggregate Intrinsic Value, Exercisable		$ 3,699,000

STOCKHOLDERS' EQUITY (Details 1

STOCKHOLDERS' EQUITY (Details 1) - Restricted Stock [Member] - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Unvested at beginning of year			953,000
Shares, Grants	157,728	93,680	158,000
Shares, Vested			(50,000)
Shares, Forfeited/cancelled/expired			(45,000)
Shares, Unvested at end of year	1,016,000		1,016,000
Average Fair Value at Grant Date, Unvested at beginning of year (in dollars per share)			$ 2.76
Average Fair Value at Grant Date, Grants (in dollars per share)			2.07
Average Fair Value at Grant Date, Vested (in dollars per share)			4.01
Average Fair Value at Grant Date, Forfeited/cancelled/expired (in dollars per share)			2.75
Average Fair Value at Grant Date, Unvested at end of year (in dollars per share)	$ 2.81		$ 2.81

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)

Oct. 06, 2014

Jun. 16, 2016

Oct. 26, 2015

Jun. 16, 2015

Apr. 20, 2015

Sep. 30, 2014

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Dec. 31, 2015

Dec. 31, 2014

Sep. 23, 2016

Dec. 31, 2009

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Repurchased During Period, Value

$ 3,584,000

Share-based Compensation, Total

$ 782,000

$ 1,000,000

$ 2,319,000

$ 3,795,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares

293,338

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

50,000

0

50,000

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options

$ 1,200,000

$ 1,200,000

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition

6 months 24 days

Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Grants In Period

157,728

93,680

158,000

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

0

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options

$ 694,000

$ 694,000

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition

7 months 15 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 1.39

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vested and Expected To Vest, Outstanding, Number

3,589,000

3,589,000

Long Tern Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

410,000

Non Executive Directors [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

68,680

56,050

Cathy Hughes [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock vesting in approximately equal 1/3 tranches on April 20, 2015, December 31, 2015 and December 31, 2016

Alfred C. Liggins [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock vesting in approximately equal 1/3 tranches on April 20, 2015, December 31, 2015 and December 31, 2016

Peter Thompson [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock with 200,000 shares vesting on April 20, 2015, and with the remaining shares vesting in equal 75,000 share tranches on December 31, 2015 and December 31, 2016

Executives and LTIP Participants [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

2,424,000

Founder and Executive Chairperson [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock, vesting in approximately equal 1/3 tranches on April 6, 2015, December 31, 2015 and December 31, 2016.

President and Chief Executive Officer [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock, vesting in approximately equal 1/3 tranches on April 6, 2015, December 31, 2015 and December 31, 2016.

Executive Vice President and Chief Financial Officer [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock vesting in equal 112,500 share tranches on December 31, 2015 and December 31, 2016.

President Radio Division [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock vesting in approximately equal 1/3 tranches on April 20, 2015, December 31, 2015 and December 31, 2016

Linda Vilardo [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock vesting in equal 75,000 share tranches on April 20, 2015, December 31, 2015 and December 31, 2016

Executive Vice President and Chief Administrative Officer [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Class D common stock vesting in equal 75,000 share tranches on April 20, 2015, December 31, 2015 and December 31, 2016.

Common Class D [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Repurchased During Period, Shares

619,418

1,585,703

Stock Repurchased During Period, Value

$ 1,900,000

$ 1,000

Repurchase Of Common Stock Price Per Share

$ 3.01

$ 2.40

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

8,250,000

8,250,000

Common Class D [Member] | Stock Plan 2009 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

7,000,000

7,000,000

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

8,250,000

Common Class D [Member] | Amended and Restated 2009 Stock Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

8,012,932

8,012,932

Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee

1,000,000

Common Class D [Member] | Stock Vest Tax Repurchase [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Repurchased During Period, Shares

330,111

345,293

Stock Repurchased During Period, Value

$ 568,000

$ 1,400,000

Repurchase Of Common Stock Price Per Share

$ 1.72

$ 4.12

Common Class D [Member] | CEO, Radio Division [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

100,000

Common Class D [Member] | CEO, Radio Division [Member] | Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

300,000

Common Class D [Member] | Non Executive Directors [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

13,736

18,182

Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures

$ 50,000

$ 50,000

Common Class D [Member] | Cathy Hughes [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

456,000

Common Class D [Member] | Cathy Hughes [Member] | Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

293,000

Common Class D [Member] | Alfred C. Liggins [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

913,000

Common Class D [Member] | Alfred C. Liggins [Member] | Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

587,000

Common Class D [Member] | Peter Thompson [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

200,000

112,500

Common Class D [Member] | Peter Thompson [Member] | Share-based Compensation Award, Tranche One [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vested and Expected To Vest, Outstanding, Number

75,000

Common Class D [Member] | Peter Thompson [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

350,000

Common Class D [Member] | Peter Thompson [Member] | Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

225,000

Common Class D [Member] | Linda Vilardo [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

75,000

Common Class D [Member] | Linda Vilardo [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

225,000

Class A and D Common Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Repurchase Program, Authorized Amount

$ 7,000,000

$ 7,000,000

Class A and D Common Stock [Member] | Repurchase Program 2015 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Repurchase Program, Authorized Amount

$ 3,500,000

$ 7,000,000

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net Revenue		$ 110,856		$ 115,893	$ 342,663	$ 341,477
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets)		77,854		85,979	245,880	253,115
Depreciation and Amortization		8,469		8,277	25,723	26,345
Impairment of Long-Lived Assets		0		14,545	0	14,545
Operating income (loss)		24,533		7,092	71,060	47,472
Total Assets		1,359,529			1,359,529		$ 1,346,524
Payments to Acquire Property, Plant, and Equipment, Total		1,644		1,495	4,021	6,005
Radio Broadcasting [Member]
Segment Reporting Information [Line Items]
Net Revenue		47,703		50,880	145,597	149,093
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets)		27,768		31,833	88,762	96,881
Depreciation and Amortization		1,035		1,145	3,256	3,469
Impairment of Long-Lived Assets		0		0	0	0
Operating income (loss)		18,900		17,902	53,579	48,743
Total Assets		784,241			784,241		781,022
Payments to Acquire Property, Plant, and Equipment, Total		740		1,087	2,574	4,223
Radio Broadcasting [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Revenue			$ (250)	(801)	(842)	(2,708)
Reach Media [Member]
Segment Reporting Information [Line Items]
Net Revenue		12,530		13,486	42,328	42,508
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets)		10,423		11,061	35,816	36,041
Depreciation and Amortization		59		(394)	148	137
Impairment of Long-Lived Assets		0		0	0	0
Operating income (loss)		2,048		2,819	6,364	6,330
Total Assets		42,270			42,270		36,989
Payments to Acquire Property, Plant, and Equipment, Total		110		36	332	258
Reach Media [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Revenue		(430)		(433)	(1,281)	(1,192)
Internet [Member]
Segment Reporting Information [Line Items]
Net Revenue		5,374		5,503	15,668	15,763
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets)		5,438		5,427	15,769	16,342
Depreciation and Amortization		417		446	1,299	1,559
Impairment of Long-Lived Assets		0		14,545	0	14,545
Operating income (loss)		(481)		(14,915)	(1,400)	(16,683)
Total Assets		16,663			16,663		18,427
Payments to Acquire Property, Plant, and Equipment, Total		253		185	969	976
Internet [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Revenue		(882)		(933)	(2,643)	(2,743)
Cable Television [Member]
Segment Reporting Information [Line Items]
Net Revenue		46,822		47,571	143,858	138,898
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets)		28,596		31,987	85,888	87,348
Depreciation and Amortization		6,559		6,554	19,664	19,600
Impairment of Long-Lived Assets		0		0	0	0
Operating income (loss)		11,667		9,030	38,306	31,950
Total Assets		461,626			461,626		445,660
Payments to Acquire Property, Plant, and Equipment, Total		172		108	313	228
Corporate/Eliminations/Other [Member]
Segment Reporting Information [Line Items]
Net Revenue	[1]	(1,573)		(1,547)	(4,788)	(4,785)
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets)		5,629		5,671	19,645	16,503
Depreciation and Amortization		399		526	1,356	1,580
Impairment of Long-Lived Assets		0		0	0	0
Operating income (loss)		(7,601)		(7,744)	(25,789)	(22,868)
Total Assets		54,729			54,729		$ 64,426
Payments to Acquire Property, Plant, and Equipment, Total		369		79	790	320
TV One[Member] [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Revenue		$ (12)		$ 0	$ (22)	$ 0
[1]	Includes Corporate network revenue in 2015. Intercompany revenue included in segment net revenues above is as follows

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Music License Agreements [Member]
Commitments and Contingencies Disclosure [Line Items]
License Costs	$ 1,000,000	$ 2,700,000	$ 6,100,000	$ 7,700,000
Standby Letters Of Credit [Member]
Commitments and Contingencies Disclosure [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 933,000		$ 933,000

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	Jun. 15, 2016	Jul. 31, 2016	Jul. 25, 2016	Jun. 30, 2016	Sep. 30, 2016
Subsequent Event [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Noncurrent					$ 2,300,000
Educational Media Foundation [Member]
Subsequent Event [Line Items]
Payments to Acquire Translator	$ 40,000			$ 40,000
Beasley Media Group, Inc. [Member]
Subsequent Event [Line Items]
Sale Of Translator Agreed Amount To Sell		$ 400,000	$ 400,000