Urban One (UONE) 10-Q 8 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 30, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	URBAN ONE, INC.
Entity Central Index Key	1,041,657
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	UONE
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,641,632
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		41,055,521

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NET REVENUE	$ 112,078	$ 110,856	$ 331,005	$ 342,663
OPERATING EXPENSES:
Programming and technical	34,892	32,093	99,798	96,789
Selling, general and administrative, including stock-based compensation of $326 and $49, and $453 and $194, respectively	36,851	35,855	114,280	114,541
Corporate selling, general and administrative, including stock-based compensation of $1,329 and $733, and $1,493 and $2,125, respectively	11,608	9,906	30,139	34,550
Depreciation and amortization	8,804	8,469	25,548	25,723
Impairment of long-lived assets	16,392	0	29,148	0
Total operating expenses	108,547	86,323	298,913	271,603
Operating income	3,531	24,533	32,092	71,060
INTEREST INCOME	12	51	160	174
INTEREST EXPENSE	19,938	20,319	60,147	61,488
(GAIN) LOSS ON RETIREMENT OF DEBT	(690)	0	6,393	(2,646)
GAIN ON SALE-LEASEBACK	0	0	(14,411)	0
OTHER INCOME, net	(1,850)	(22)	(4,745)	(76)
(Loss) income before (benefit from) provision for income taxes and noncontrolling interests in income of subsidiaries	(13,855)	4,287	(15,132)	12,468
(BENEFIT FROM) PROVISION FOR INCOME TAXES	(6,037)	4,307	(5,967)	8,265
CONSOLIDATED NET (LOSS) INCOME	(7,818)	(20)	(9,165)	4,203
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	68	403	232	1,259
CONSOLIDATED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (7,886)	$ (423)	$ (9,397)	$ 2,944
BASIC NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net (loss) income attributable to common stockholders (in dollars per share)	$ (0.17)	$ (0.01)	$ (0.20)	$ 0.06
DILUTED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net (loss) income attributable to common stockholders (in dollars per share)	$ (0.17)	$ (0.01)	$ (0.20)	$ 0.06
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	46,681,585	47,481,004	47,487,607	48,066,267
Diluted (in shares)	46,681,585	47,481,004	47,487,607	49,240,165

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS [Parenthetical] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Selling, General and Administrative Expenses [Member]
Allocated Share-based Compensation Expense	$ 326	$ 49	$ 453	$ 194
Corporate Segment [Member]
Allocated Share-based Compensation Expense	$ 1,329	$ 733	$ 1,493	$ 2,125

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
COMPREHENSIVE INCOME (LOSS)	$ (7,818)	$ (20)	$ (9,165)	$ 4,203
LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	68	403	232	1,259
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (7,886)	$ (423)	$ (9,397)	$ 2,944

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 51,892	$ 45,812
Restricted cash	1,055	969
Trade accounts receivable, net of allowance for doubtful accounts of $7,489 and $6,991, respectively	110,497	104,351
Prepaid expenses	8,424	7,902
Current portion of content assets	42,137	35,854
Other current assets	4,287	4,772
Total current assets	218,292	199,660
CONTENT ASSETS, net	60,051	66,822
PROPERTY AND EQUIPMENT, net	23,926	24,851
GOODWILL	263,310	258,284
RADIO BROADCASTING LICENSES	614,535	643,449
OTHER INTANGIBLE ASSETS, net	100,503	116,600
OTHER ASSETS	44,999	49,120
Total assets	1,325,616	1,358,786
CURRENT LIABILITIES:
Accounts payable	7,371	7,555
Accrued interest	15,728	16,691
Accrued compensation and related benefits	8,882	15,199
Current portion of content payables	18,691	22,872
Other current liabilities	29,212	26,647
Current portion of long-term debt	3,500	3,500
Total current liabilities	83,384	92,464
LONG-TERM DEBT, net of current portion, original issue discount and issuance costs	987,305	1,002,736
CONTENT PAYABLES, net of current portion	16,613	16,135
OTHER LONG-TERM LIABILITIES	41,872	33,434
DEFERRED TAX LIABILITIES, net	266,773	272,733
Total liabilities	1,395,947	1,417,502
REDEEMABLE NONCONTROLLING INTERESTS	9,871	12,410
STOCKHOLDERS' EQUITY:
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at September 30, 2017 and December 31, 2016, respectively	0	0
Additional paid-in capital	982,009	981,688
Accumulated deficit	(1,062,260)	(1,052,863)
Total stockholders' deficit	(80,202)	(71,126)
Total liabilities, redeemable noncontrolling interests and stockholders' deficit	1,325,616	1,358,786
Common Class A [Member]
STOCKHOLDERS' EQUITY:
Common stock value	2	2
Common Class B [Member]
STOCKHOLDERS' EQUITY:
Common stock value	3	3
Common Class C [Member]
STOCKHOLDERS' EQUITY:
Common stock value	3	3
Common Class D [Member]
STOCKHOLDERS' EQUITY:
Common stock value	$ 41	$ 41

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Allowance for doubtful accounts receivable (in dollars)	$ 7,489	$ 6,991
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	1,641,632	1,693,099
Common stock, shares outstanding	1,641,632	1,693,099
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	41,297,991	41,159,474
Common stock, shares outstanding	41,297,991	41,159,474

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Total	Convertible Preferred Stock [Member]	Common Class A [Member]	Common Class B [Member]	Common Class C [Member]	Common Class D [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
BALANCE at Dec. 31, 2016	$ (71,126)	$ 0	$ 2	$ 3	$ 3	$ 41	$ 981,688	$ (1,052,863)
Consolidated net loss	(9,397)	0	0	0	0	0	0	(9,397)
Repurchase of 2,086,828 shares of Class D common stock	(4,396)	0	0	0	0	(2)	(4,394)	0
Conversion of 51,467 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	2,771	0	0	0	0	0	2,771	0
Stock-based compensation expense	1,946	0	0	0	0	2	1,944	0
BALANCE at Sep. 30, 2017	$ (80,202)	$ 0	$ 2	$ 3	$ 3	$ 41	$ 982,009	$ (1,062,260)

CONSOLIDATED STATEMENT OF CHAN8

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT [Parenthetical]	9 Months Ended
	Sep. 30, 2017shares
Common Stock Class D [Member]
Stock Repurchased During Period, Shares	2,086,828
Convertible shares, Class A to Class D [Member]
Conversion Of Stock, Shares Converted	51,467

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net (loss) income	$ (9,165)	$ 4,203
Adjustments to reconcile net (loss) income to net cash from operating activities:
Depreciation and amortization	25,548	25,723
Amortization of debt financing costs	2,900	3,924
Amortization of content assets	35,468	36,076
Amortization of launch assets	324	61
Deferred income taxes	(5,960)	4,106
Stock-based compensation	1,946	2,319
Loss (gain) on retirement of debt	6,393	(2,646)
Impairment of long-lived assets	29,148	0
Gain on sale-leaseback	(14,411)	0
Tax impact of increased ownership of TV One	0	3,538
Effect of change in operating assets and liabilities:
Trade accounts receivable	(6,146)	3,791
Prepaid expenses and other current assets	(1,222)	(295)
Other assets	1,916	212
Accounts payable	(184)	(3,461)
Accrued interest	(963)	(1,480)
Accrued compensation and related benefits	(6,317)	(1,329)
Other liabilities	1,030	6,772
Payment of launch support	(1,848)	0
Payments for content assets	(38,683)	(46,891)
Net cash flows provided by operating activities	19,774	34,623
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(4,483)	(4,021)
Proceeds from sale of radio station	2,000	0
Proceeds from sale-leaseback	25,000	0
Acquisition of digital assets	(5,000)	0
Acquisition of station and broadcasting assets	(2,000)	(2,000)
Net cash flows provided by (used in) investing activities	15,517	(6,021)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of 2020 Notes	(19,369)	(17,174)
Repurchase of common stock	(4,396)	(3,584)
Debt refinancing costs and original issue discount	(8,860)	(421)
Net cash flows used in financing activities	(29,125)	(23,804)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6,166	4,798
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	46,781	67,376
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	52,947	72,174
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	58,210	59,044
Income taxes, net of refunds	629	496
2017 Credit Facility [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Credit Facility	350,000	0
Repayment of Credit Facility	(1,750)	0
2015 Credit Facility [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of Credit Facility	$ (344,750)	$ (2,625)

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
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 Urban One, Inc. (a Delaware corporation referred to as “Urban 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 that is the largest radio broadcasting operation that primarily targets African-American and urban listeners. As of September 30, 2017, we owned and/or operated 56 broadcast stations located in 15 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 diverse media and entertainment interests include TV One, LLC (“TV One”), an African-American targeted cable television network; our 80.0 Effective May 5, 2017, the Company changed its corporate name from “Radio One, Inc.” to “Urban One, Inc.” to have a name more reflective of our multi-media business operations. Our core radio broadcasting franchise continues to operate under the brand “Radio One.” We also continue to retain our other brands, such as TV One, Reach Media and Interactive One, while developing additional branding reflective of our diverse media operations and targeting our African-American and urban audiences. 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) digital; and (iv) cable television. (See Note 7 – 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 2016 Annual Report on Form 10-K. (c) Financial Instruments Financial instruments as of September 30, 2017, and December 31, 2016, consisted of cash and cash equivalents, restricted cash, investments, 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, 2017, and December 31, 2016, except for the Company’s outstanding senior subordinated notes and secured notes. The 9.25 295.0 315.0 278.8 283.5 7.375 350.0 348.3 344.8 350.0 344.8 346.5 350.0 348.3 341.3 11.9 11.9 11.9 (d) 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 6.1 6.4 18.2 19.0 Within our digital segment, including Interactive One, which generates the majority of the Company’s digital revenue, revenue is principally derived 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 $ 3.2 3.8 10.8 11.8 (e) 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. Amortization is recorded as a reduction to revenue. For the nine months ended September 30, 2017, TV One paid approximately $ 1.8 9.5 9.4 7.3 8.0 108,000 324,000 20,000 61,000 (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 574,000 491,000 534,000 450,000 40,000 41,000 1.6 1.5 1.5 121,000 122,000 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 2017 2016 2017 2016 (Unaudited) (In Thousands) Numerator: Net (loss) income attributable to common stockholders $ (7,886) $ (423) $ (9,397) $ 2,944 Denominator: Denominator for basic net (loss) income per share - weighted average outstanding shares 46,681,585 47,481,004 47,487,607 48,066,267 Effect of dilutive securities: Stock options and restricted stock — — — 1,173,898 Denominator for diluted net (loss) income per share - weighted-average outstanding shares 46,681,585 47,481,004 47,487,607 49,240,165 Net (loss) income attributable to common stockholders per share – basic $ (0.17) $ (0.01) $ (0.20) $ 0.06 Net (loss) income attributable to common stockholders per share –diluted $ (0.17) $ (0.01) $ (0.20) $ 0.06 Three Months Ended Three Months Ended Nine Months Ended September 30, September 30, (Unaudited) (In Thousands) Stock options 4,767 3,700 4,767 Restricted stock awards 2,390 1,117 2,476 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 Level 2 Level 3 Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of September 30, 2017 Liabilities subject to fair value measurement: Contingent consideration (a) $ 2,058 — — $ 2,058 Employment agreement award (b) 29,236 — — 29,236 Total $ 31,294 $ — $ — $ 31,294 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 9,871 $ — $ — $ 9,871 As of December 31, 2016 Liabilities subject to fair value measurement: Employment agreement award (b) $ 26,965 $ — $ — $ 26,965 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 12,410 $ — $ — $ 12,410 (a) This balance is measured based on the income approach to valuation in the form of a Monte Carlo simulation. The Monte Carlo simulation method is suited to instances such as this where there is non-diversifiable risk. It is also well-suited to multi-year, path dependent scenarios. Significant inputs to the Monte Carlo method include forecasted net revenues, discount rate and expected volatility. A third-party valuation firm assisted the Company in estimating the contingent consideration. (b) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) became eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4 , (c) 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 Contingent Employment Redeemable (In thousands) Balance at December 31, 2016 $ — $ 26,965 $ 12,410 Net income attributable to noncontrolling interests — — 232 Variable consideration at acquisition date 2,205 — — Distribution (147) (1,604) — Change in fair value — 3,875 (2,771) Balance at September 30, 2017 $ 2,058 $ 29,236 $ 9,871 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 $ — $ (3,875) $ — As of As of Level 3 liabilities Valuation Technique Significant Significant Unobservable Contingent consideration Monte Carlo Simulation Expected volatility 38.1 % N/A Contingent consideration Monte Carlo Simulation Discount Rate 16.0 % N/A Employment agreement award Discounted Cash Flow Discount Rate 11.0 % 11.0 % Employment agreement award Discounted Cash Flow Long-term Growth Rate 2.5 % 2.5 % Redeemable noncontrolling interest Discounted Cash Flow Discount Rate 10.5 % 10.5 % Redeemable noncontrolling interest Discounted Cash Flow Long-term Growth Rate 1.0 % 1.0 % 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, therefore, were reported at carrying value. The Company recorded an impairment charge of approximately $ 16.4 29.1 30, 2017, respectively, related to its Houston and Columbus radio broadcasting license (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 Technical Corrections and Improvements to Topic 606, Revenue from Contracts with In August 2014, the FASB issued ASU 2014-15, “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern 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 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) In November 2016, the FASB issued ASU 2016-18, “ Restricted Cash In January 2017, the FASB issued ASU 2017-04, “ Intangibles – Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment (j) 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) Investments – Cost Method On April 10, 2015, the Company made an initial minimum investment of $ 5 40 35 diversified (l) 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 basis 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. The Company did not record any impairment or additional amortization expense as a result of evaluating its contracts for recoverability for the three and nine months ended September 30, 2017. 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 state and local governments offer that are directly measured based on production activities are recorded as reductions in production costs. (m) Derivatives The Company recognizes all derivatives at fair value on the consolidated balance sheets 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 accounts for the Employment Agreement Award as a derivative instrument in accordance with ASC 815, “Derivatives and Hedging.” 29.2 27.0 1.4 1.0 3.9 5.8 The Company’s obligation to pay the Employment Agreement Award was triggered after the Company’s recovery of the aggregate amount of its capital contribution in TV One before the buyout of its partner, and payment is required only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to such invested amount. 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. (n) Related Party Transactions Reach Media operates the Tom Joyner Fantastic Voyage, a fundraising event for the Tom Joyner Foundation, Inc. (the “Foundation”), a 501(c)(3) entity. The terms of the agreement are that Reach Media provides all necessary operations for the Fantastic Voyage, that the Foundation reimburse the Company for all related expenses, and that the Foundation pay a fee plus a performance bonus to Reach Media. 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. Reach Media’s earnings for the Fantastic Voyage may not exceed $ 1.7 973,000 426,000 Reach Media provides office facilities (including office space, telecommunications facilities, and office equipment) to the Foundation, 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. Additionally, from time to time, the Foundation and Limited reimburse Reach Media for expenditures paid on their behalf at Reach Media related events. Under these arrangements, as of September 30, 2017, the Foundation and Limited owed $ 14,000 2,000 3,000 11,000 For the nine months ended September 30, 2017, Reach Media’s revenues, expenses, and operating income for the Fantastic Voyage were approximately $ 9.1 7.4 1.7 8.8 7.8 1.0

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisitions and Dispositions Disclosures [Text Block]	2. ACQUISITIONS AND DISPOSITIONS: On October 20, 2011, we entered into a time brokerage agreement (“TBA”) with WGPR, Inc. (“WGPR”). Pursuant to the TBA, beginning October 24, 2011, we began to broadcast programs produced, owned or acquired by the Company on WGPR’s Detroit radio station, WGPR-FM. We pay a monthly fee as well as On January 30, 2017, the Company entered into an asset purchase agreement to sell certain land, towers and equipment to a third party for $ 25 2.2 The Company received proceeds of approximately $ 25.0 22.5 14.4 8.1 On April 20, 2017, the Company announced it had entered into an agreement for the acquisition of Red Zebra Broadcasting’s WWXT-FM and WXGI-AM stations. With this acquisition, the Company expanded its Washington, DC market presence presence 2.0 1.6 47,000 206,000 114,000 On April 28, 2017, the Company acquired certain assets constituting the websites and brands Bossip, HipHopWired and MadameNoire from Moguldom Media Group, LLC. The assets were integrated into the Company’s digital segment. The consideration for the assets was a $ 5 22,000 915,000 5.0 1.2 347,000 2.2 263,000 On August 3, 2017, the Company sold the assets of its Detroit WCHB-AM station for $ 2.0

GOODWILL AND RADIO BROADCASTING

GOODWILL AND RADIO BROADCASTING LICENSES	9 Months Ended
	Sep. 30, 2017
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 2017 and 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 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 September 30, 2017 and 2016, and June 30, 2017 and 2016. During the three months ended September 30, 2017, the Company recorded an impairment charge of approximately $ 16.4 29.1 Radio Broadcasting September 30, September 30, Licenses 2017 (a) 2016 (a) Pre-tax impairment charge (in millions) $ 16.4 $ — Discount Rate 9.0 % 9.0 % Year 1 Market Revenue Growth Rate Range (5.0)% – 2.0 % 0.3% – 0.5 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 0.5% – 1.5 % 0.5% – 1.0 % Mature Market Share Range 6.9% – 25.8 % 8.9% – 14.2 % Operating Profit Margin Range 31.0% – 47.0 % 31.3% – 34.1 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting. Valuation of Goodwill During the second and third quarters of 2017, and during the third quarter of 2016, we identified an impairment indicator at certain of our radio markets, and as such, we performed an interim analysis for certain radio market goodwill as of September 30, 2017, June 30, 2017 and September 30, 2016. No goodwill impairment was identified during the nine months ended September 30, 2017 or during the nine months ended September 30, 2016. Goodwill (Radio Market September 30, September 30, Reporting Units) 2017 (a) 2016 (a) Pre-tax impairment charge (in millions) $ — $ — Discount Rate 9.0 % 9.0 % Year 1 Market Revenue Growth Rate Range (5.9)% – 30.0 % 0.6 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 1.0% – 1.5 % 1.0 % Mature Market Share Range 9.0% – 14.8 % 9.5 % Operating Profit Margin Range 26.6% – 52.6 % 18.2% – 33.9 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting. During the second and third quarters of 2017, the Company performed interim impairment testing on the valuation of goodwill associated with Reach Media. Reach Media’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 Reach Media’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 Reach Media for the interim assessment at September 30, 2017. September 30, Reach Media Segment Goodwill 2017 Pre-tax impairment charge (in millions) $ — Discount Rate 10.5 % Year 1 Revenue Growth Rate (11.3) % Long-term Revenue Growth Rate 1.0 % Operating Profit Margin Range 13.5% – 15.9 % We did not identify any impairment indicators at any of our other reportable segments. Goodwill Valuation Results Radio Reach Digital Cable Total (In thousands) Gross goodwill $ 154,863 $ 30,468 $ 23,004 $ 165,044 $ 373,379 Additions 47 — 4,979 — 5,026 Accumulated impairment losses (84,436) (16,114) (14,545) — (115,095) Net goodwill at September 30, 2017 $ 70,474 $ 14,354 $ 13,438 $ 165,044 $ 263,310 The increase to the radio broadcasting and digital segment reporting units’ goodwill carrying values for the nine months ended September 30, 2017, relate to current period acquisitions. See Note 2– Acquisitions and Dispositions

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. LONG-TERM DEBT: September 30, 2017 December 31, 2016 (Unaudited) (In thousands) 2017 Credit Facility $ 348,250 $ — 2015 Credit Facility — 344,750 9.25% Senior Subordinated Notes due February 2020 295,000 315,000 7.375% Senior Secured Notes due April 2022 350,000 350,000 Comcast Note due April 2019 11,872 11,872 Total debt 1,005,122 1,021,622 Less: current portion of long-term debt (3,500) (3,500) Less: original issue discount and issuance costs (14,317) (15,386) Long-term debt, net $ 987,305 $ 1,002,736 2017 Credit Facilities On April 18, 2017, the Company closed on a new senior secured credit facility (the “2017 Credit Facility”). The 2017 Credit Facility is governed by a credit agreement by and among the Company, the lenders party thereto from time to time and Guggenheim Securities Credit Partners, LLC, as administrative agent, The Bank of New York Mellon, as collateral agent, and Guggenheim Securities, LLC as sole lead arranger and sole book running manager. The 2017 Credit Facility provides for $ 350 The 2017 Credit Facility matures on the earlier of (i) April 18, 2023, or (ii) in the event such debt is not repaid or refinanced, 91 days prior to the maturity of either of the Company’s 2022 Notes or the Company’s 2020 Notes. At the Company’s election, the interest rate on borrowings under the 2017 Credit Facility are based on either (i) the then applicable base rate (as defined in the 2017 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, (c) the one-month LIBOR rate commencing on such day plus 1.00%) and (d) 2%, or (ii) the then applicable LIBOR rate (as defined in the 2017 Credit Facility). The average interest rate was approximately 5.24% for 2017. The 2017 Credit Facility is (i) guaranteed by each entity that guarantees the Company’s 2022 Notes on a pari passu basis with the guarantees of the Notes and (ii) secured on a pari passu basis with the Company’s 2022 Notes. The Company’s obligations under the 2017 Credit Facility are secured, subject to permitted liens and except for certain excluded assets (i) on a first priority basis by certain notes priority collateral, and (ii) on a second priority basis by collateral for the Company’s asset-backed line of credit. In addition to any mandatory or optional prepayments, the Company is required to pay interest on the term loans (i) quarterly in arrears for the base rate loans, and (ii) on the last day of each interest period for LIBOR loans. Certain voluntary prepayments of the term loans during the first six months will require an additional prepayment premium. Beginning with the interest payment date occurring in June 2017 and ending in March 2023, the Company will be required to repay principal, to the extent then outstanding, equal to 1/4 of 1% of the aggregate initial principal amount of all term loans incurred on the effective date of the 2017 Credit Facility. The 2017 Credit Facility contains customary representations and warranties and events of default, affirmative and negative covenants (in each case, subject to materiality exceptions and qualifications) which may be more restrictive than those governing the Notes. The 2017 Credit Facility also contains certain financial covenants, including a maintenance covenant requiring the Company’s interest expense coverage ratio (defined as the ratio of consolidated EBITDA to consolidated interest expense) to be greater than or equal to 1.25 to 1.00 and its total senior secured leverage ratio (defined as the ratio of consolidated net senior secured indebtedness to consolidated EBITDA) to be less than or equal to 5.85 to 1.00. The net proceeds from the 2017 Credit Facility were used to prepay in full the Company’s previously existing senior secured credit facility and the agreement governing such credit facility (the “2015 Credit Facility”) was terminated on April 18, 2017. The Company recorded a loss on retirement of debt of approximately $ 7.1 During the three and nine month period ended September 30, 2017, the Company repaid $ 875,000 1.8 The 2017 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, 2017, 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, 2017, 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, 2017, the Company was in compliance with all of its financial covenants under the 2017 Credit Facility. As of September 30, 2017, the Company had outstanding approximately $ 348.3 718,000 1.3 2.9 3.9 2022 Notes and 2015 Credit Facilities On April 17, 2015, the Company closed a private offering of $ 350.0 7.375 350.0 The 2015 Credit Facility was scheduled to mature on December 31, 2018. At the Company’s election, the interest rate on borrowings under the 2015 Credit Facility was 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) a rate of 1/2 of 1% in excess rate of the overnight Federal Funds Rate at any given time, and (c) the one-month LIBOR commencing on such day plus 1.00%), or (ii) the then applicable LIBOR plus 4.5% (as defined in the 2015 Credit Facility). The average interest rate was approximately 5.32% for 2017 and 5.14% for 2016. Quarterly installments of 0.25%, or $875,000, of the principal balance on the term loan were payable on the last day of each March, June, September and December beginning on September 30, 2015. During the nine month period ended September 30, 2017, the Company repaid $875,000 under the 2015 Credit Facility. 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 2022 Notes and the 2015 Credit Facility, 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 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 a previous credit agreement, refinance the TV One Notes, and finance the buyout of membership interests of Comcast in TV One and pay the related accrued interest, premiums, fees and expenses associated therewith. On February 24, 2015, the Company entered into a letter of credit reimbursement and security agreement. As of September 30, 2017, the Company had letters of credit totaling $ 815,000 Senior Subordinated Notes On February 10, 2014, the Company closed a private placement offering of $ 335.0 9.25 February 15, 2020 15.5 August 15, 2014 13.6 20 96 690 20 86 2.6 295.0 315.0 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 Comcast Note The Company also has outstanding a senior unsecured promissory note in the aggregate principal amount of approximately $ 11.9 10.47 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. 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 Company’s existing term loan, and (ii) the "Stated Maturity" of the Company’s 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. 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 2017 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 2017 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 2017 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 2017 9.25% Senior 7.375% Senior Total (In thousands) July – December 2017 $ — $ 875 $ — $ — $ 875 2018 — 3,500 — — 3,500 2019 11,872 3,500 — — 15,372 2020 — 3,500 295,000 — 298,500 2021 — 3,500 — — 3,500 2022 and thereafter — 333,375 — 350,000 683,375 Total Debt $ 11,872 $ 348,250 $ 295,000 $ 350,000 $ 1,005,122

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5. INCOME TAXES: The Company began using the estimated annual effective tax rate method under ASC 740-270, “ Interim Reporting 6.0 15.1 Interim Reporting As of September 30, 2017, the Company continues to maintain a full valuation allowance on its deferred tax assets for substantially all entities and jurisdictions. In accordance with ASC 740, “ Accounting for Income Taxes

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	6. STOCKHOLDERS’ EQUITY: Stock Repurchase Program From time to time, the Company’s Board of Directors has authorized repurchases of shares of the Company’s Class A and Class D common stock. As of September 30, 2017, the Company had approximately $3.6 million remaining under its most recent and open authorization with respect to its Class A and Class D common stock. Repurchases may be made from time to time in the open market or in privately negotiated transactions in accordance with applicable laws and regulations. The timing and extent of any repurchases will depend upon prevailing market conditions, the trading price of the Company’s Class A and/or Class D common stock and other factors, and subject to restrictions under applicable law. The Company executes upon the stock repurchase program in a manner consistent with market conditions and the interests of the stockholders, including maximizing stockholder value. During the three months ended September 30, 2017, the Company did not repurchase any Class A common stock and repurchased 672,366 shares of Class D common stock in the amount of approximately $1.3 million at an average price of $1.92 per share. During the nine months ended September 30, 2017, the Company did not repurchase any Class A common stock and repurchased 1,726,656 shares of Class D common stock in the amount of approximately $3.4 million at an average price of $1.96 per share. During the three months ended September 30, 2016, the Company did not repurchase any Class A common stock and repurchased 619,418 shares of Class D common stock in the amount of approximately $1.9 million at an average price of $3.01 per share. During the nine months ended September 30, 2016, the Company did not repurchase any Class A common stock and repurchased 1,255,592 shares of Class D common stock in the amount of approximately $3.0 million at an average price of $2.40 per share. In addition, the Company has limited but ongoing authority to purchase shares of Class D common stock (in one or more transactions at any time there remain outstanding grants) under the Company’s 2009 Stock Plan (as defined below) to satisfy any employee or other recipient tax obligations in connection with the exercise of an option or a share grant under the 2009 Stock Plan, to the extent that the Company has capacity under its financing agreements (i.e., its current credit facilities and indentures) (each a “Stock Vest Tax Repurchase”). During the three months ended September 30, 2017, the Company executed a Stock Vest Tax Repurchase of 35,370 shares of Class D Common Stock in the amount of $67,000 at an average price of $1.90 per share. During the three months ended September 30, 2016, the Company did not execute a Stock Vest Tax Repurchase. During the nine months ended September 30, 2017, the Company executed a Stock Vest Tax Repurchase of 360,172 shares of Class D Common Stock in the amount of approximately $1.0 million at an average price of $2.80 per share. During the nine months ended September 30, 2016, the Company executed a Stock Vest Tax Repurchase of 330,111 shares of Class D Common Stock in the amount of $568,000 at an average price of $1.72 per share. Stock Option and Restricted Stock Grant Plan Our stock option and restricted stock plan currently in effect was originally approved by the stockholders at the Company’s annual meeting on December 16, 2009 (“the 2009 Stock Plan”). The Company had the authority to issue up to 8,250,000 shares of Class D Common Stock under the 2009 Stock Plan. Since its original approval, from time to time, the Board of Directors adopted and, as required, our stockholders approved certain amendments to and restatement of the 2009 Stock Plan (the “Amended and Restated 2009 Stock Plan”). The amendments under the Amended and Restated 2009 Stock Plan primarily affected (i) the number of shares with respect to which options and restricted stock grants may be granted under the 2009 Stock Plan and (ii) the maximum number of shares that can be awarded to any individual in any one calendar year. Most recently, on April 13, 2015, the Board of Directors adopted, and our stockholders approved on June 2, 2015, an amendment that replenished the authorized plan shares, increasing the number of shares of Class D common stock available for grant back up to 8,250,000 shares. As of September 30, 2017, 4,592,124 shares of Class D common stock were available for grant under the Amended and Restated 2009 Stock Plan. On August 7, 2017, the Compensation Committee awarded Catherine Hughes, Chairperson, 449,630 199,836 The grants were effective August 7, 2017, and will vest on January 5, 2018. On August 7, 2017, the Compensation Committee awarded Alfred Liggins, Chief Executive Officer and President, 749,383 333,059 The grants were effective August 7, 2017, and will vest on January 5, 2018. On August 7, 2017, the Compensation Committee awarded Peter Thompson, Chief Financial Officer, 256,579 114,035 The grants were effective August 7, 2017, and will vest on January 5, 2018. On August 7, 2017, the Compensation Committee awarded David Kantor, Chief Executive Officer, Radio Division, 50,000 50,000 The grants were effective August 7, 2017, and will vest in approximately equal 1/3 tranches on each of January 5, 2018, January 5, 2019, and January 5, 2020. Also on August 7, 2017, the Compensation Committee awarded 575,262 shares of restricted stock and 470,000 stock options to certain employees pursuant to the Company’s long-term incentive plan (“LTIP”). The grants were effective August 7, 2017. 470,000 shares of restricted stock and 470,000 stock options will vest in three installments, with the first installment of 33% vesting on January 5, 2018, and the second installment vesting on January 5, 2019, and the remaining installment vesting on January 5, 2020. 105,262 shares of restricted stock vested on August 7, 2017. 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, 2017 and 2016, was approximately $ 1.7 782,000 1.9 The Company granted 1,166,930 Number of Weighted-Average Weighted-Average Aggregate Outstanding at December 31, 2016 3,700,000 $ 2.03 4.21 $ 3,675,000 Grants 1,167,000 $ 1.90 Exercised — $ — Forfeited/cancelled/expired 100,000 $ 7.50 Balance as of September 30, 2017 4,767,000 $ 1.89 5.12 $ 588,090 Vested and expected to vest at September 30, 2017 4,628,000 $ 1.88 4.99 $ 588,090 Unvested at September 30, 2017 1,367,000 $ 1.92 9.59 $ — Exercisable at September 30, 2017 3,400,000 $ 1.87 3.32 $ 588,090 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 nine months ended September 30, 2017, 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, 2017. This amount changes based on the fair market value of the Company’s stock. There were no options exercised and no options vested during the three and nine months ended September 30, 2017. There were no options exercised and no options that vested during the three and nine months ended September 30, 2016. As of September 30, 2017, approximately $ 1.3 1.3 The Company granted 2,080,854 2,173,878 23,256 50,000 157,728 18,182 50,000 Shares Average Unvested at December 31, 2016 358,000 $ 2.31 Grants 2,173,000 $ 1.91 Vested (205,000) $ 2.21 Forfeited/cancelled/expired — $ — Unvested at September 30, 2017 2,326,000 $ 1.95 Restricted stock grants were and are included in the Company’s outstanding share numbers on the effective date of grant. As of September 30, 2017, approximately $ 3.3 1.24

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	7. SEGMENT INFORMATION: The Company has four reportable segments: (i) radio broadcasting; (ii) Reach Media; (iii) digital; 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. Effective January 1, 2017, the Company changed its reportable segment disclosures. Along with the results of Interactive One, all digital components from our reportable segments are a part of a newly formed reportable segment called “Digital”. This new reportable segment better reflects the manner in which we manage our business and better reflects our operational structure. Segment data for the three and nine months ended September 30, 2016, has been reclassified to conform to the current period presentation. These reclassifications occurred among all segments. 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 digital segment includes the results of our online business, including the operations of Interactive One, as well as the digital components of our other reportable segments. The cable television segment consists of TV One’s results of operations. Corporate/Eliminations/Other 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 2017 2016 (Unaudited) (In thousands) (As Net Revenue: Radio Broadcasting $ 45,184 $ 45,524 Reach Media 10,491 12,153 Digital 8,107 6,417 Cable Television 48,374 46,811 Corporate/Eliminations* (78) (49) Consolidated $ 112,078 $ 110,856 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 27,887 $ 25,541 Reach Media 10,018 10,061 Digital 8,178 6,593 Cable Television 29,029 28,510 Corporate/Eliminations 8,239 7,149 Consolidated $ 83,351 $ 77,854 Depreciation and Amortization: Radio Broadcasting $ 923 $ 1,035 Reach Media 52 59 Digital 812 417 Cable Television 6,567 6,559 Corporate/Eliminations 450 399 Consolidated $ 8,804 $ 8,469 Impairment of long-lived assets: Radio Broadcasting $ 16,392 $ — Reach Media — — Digital — — Cable Television — — Corporate/Eliminations — — Consolidated $ 16,392 $ — Operating income (loss): Radio Broadcasting $ (18) $ 18,948 Reach Media 421 2,033 Digital (883) (593) Cable Television 12,778 11,742 Corporate/Eliminations (8,767) (7,597) Consolidated $ 3,531 $ 24,533 * Intercompany revenue included in net revenue above is as follows: Radio Broadcasting $ (78) $ (49) Capital expenditures by segment are as follows: Radio Broadcasting $ 425 $ 740 Reach Media 34 110 Digital 302 253 Cable Television 31 172 Corporate/Eliminations/Other 172 369 Consolidated $ 964 $ 1,644 Nine Months Ended September 30, 2017 2016 (Unaudited) (In thousands) (As reclassified) Net Revenue: Radio Broadcasting $ 133,082 $ 138,971 Reach Media 35,682 41,055 Digital 20,353 18,963 Cable Television 142,298 143,837 Corporate/Eliminations (410) (163) Consolidated $ 331,005 $ 342,663 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 83,381 $ 82,123 Reach Media 33,792 34,769 Digital 23,040 19,077 Cable Television 82,334 85,616 Corporate/Eliminations 21,670 24,295 Consolidated $ 244,217 $ 245,880 Depreciation and Amortization: Radio Broadcasting $ 2,819 $ 3,256 Reach Media 158 148 Digital 1,616 1,299 Cable Television 19,696 19,664 Corporate/Eliminations 1,259 1,356 Consolidated $ 25,548 $ 25,723 Impairment of long-lived assets: Radio Broadcasting $ 29,148 $ — Reach Media — — Digital — — Cable Television — — Corporate/Eliminations — — Consolidated $ 29,148 $ — Operating income (loss): Radio Broadcasting $ 17,734 $ 53,592 Reach Media 1,732 6,138 Digital (4,303) (1,413) Cable Television 40,268 38,557 Corporate/Eliminations (23,339) (25,814) Consolidated $ 32,092 $ 71,060 * Intercompany revenue included in net revenue above is as follows: Radio Broadcasting $ (410) $ (163) Capital expenditures by segment are as follows: Radio Broadcasting $ 2,095 $ 2,574 Reach Media 102 332 Digital 847 969 Cable Television 234 313 Corporate/Eliminations/Other 1,434 790 Consolidated $ 4,712 $ 4,978 September December (Unaudited) (In thousands) Total Assets: Radio Broadcasting $ 751,722 $ 781,450 Reach Media 42,796 37,192 Digital 24,353 17,749 Cable Television 429,162 446,880 Corporate/Eliminations/Other 77,583 75,515 Consolidated $ 1,325,616 $ 1,358,786

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	8. 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 BMI license expired December 31, 2016. The expiration was an industry wide issue. The Company has authorized the Radio Music License Committee (the “RMLC”) to negotiate on its behalf with respect to its licenses with ASCAP, BMI and SESAC, including the BMI license that expired December 31, 2016. The RMLC negotiated a new 5 year agreement with ASCAP with a license term of January 1, 2017 through December 31, 2021. Negotiations continue with respect to BMI and all broadcasters that have authorized the RMLC to act on their behalf in negotiations with BMI can continue to play BMI compositions after December 31, 2016 . The RMLC and BMI have agreed that, while they continue to negotiate or pursue a litigated resolution of license fees for the period effective January 1, 2017, broadcasters represented by the RMLC will pay BMI interim fees at the same rates that applied under the most recent BMI - radio industry license that expired on December 31, 2016. 2.7 1.0 6.9 6.1 . GMR has agreed to offer all commercial broadcasters, the opportunity to extend their existing interim licenses until March 31, 2018. GMR will offer these interim license extensions on the same terms as each broadcaster’s existing interim license, except for the new end date 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, 2017, the Company had letters of credit totaling $ 815,000 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 Urban One, at the discretion of Urban One. Management, at this time, cannot reasonably determine the period when and if, the put right will be exercised by the noncontrolling interest shareholders.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	9. SUBSEQUENT EVENTS: Since October 1, 2017, and through October 30, 2017, the Company repurchased 271,009 526,000 1.94 As noted in our current report on Form 8-K filed October 5, 2017, on October 2, 2017, Karen Wishart began employment with the Company as an Executive Vice President. Ms. Wishart will take the place of Linda Vilardo as Chief Administrative Officer effective after Ms. Vilardo's last day of employment on December 31, 2017. During the interim, Ms. Vilardo and Ms. Wishart will work together to transition Ms. Vilardo's duties to Ms. Wishart in an effective manner. Effective January 1, 2018, Ms. Wishart will become a named executive officer of the Company for reporting purposes. Ms. Wishart is employed as an Executive Vice President and, effective January 1, 2018, as Chief Administrative Officer of the Company and as a Vice President of each of the Company's subsidiaries. Ms. Wishart is entitled to a base salary payable at the annualized rate of $ 425,000 150,000 37,500 37,500 The grants will vest in equal increments on each of October 2, 2018, October 2, 2019 and October 2, 2020.

ORGANIZATION AND SUMMARY OF S19

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	(a) Organization Urban One, Inc. (a Delaware corporation referred to as “Urban 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 that is the largest radio broadcasting operation that primarily targets African-American and urban listeners. As of September 30, 2017, we owned and/or operated 56 broadcast stations located in 15 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 diverse media and entertainment interests include TV One, LLC (“TV One”), an African-American targeted cable television network; our 80.0 Effective May 5, 2017, the Company changed its corporate name from “Radio One, Inc.” to “Urban One, Inc.” to have a name more reflective of our multi-media business operations. Our core radio broadcasting franchise continues to operate under the brand “Radio One.” We also continue to retain our other brands, such as TV One, Reach Media and Interactive One, while developing additional branding reflective of our diverse media operations and targeting our African-American and urban audiences. 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) digital; and (iv) cable television. (See Note 7 – 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 2016 Annual Report on Form 10-K.
Fair Value of Financial Instruments, Policy [Policy Text Block]	(c) Financial Instruments Financial instruments as of September 30, 2017, and December 31, 2016, consisted of cash and cash equivalents, restricted cash, investments, 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, 2017, and December 31, 2016, except for the Company’s outstanding senior subordinated notes and secured notes. The 9.25 295.0 315.0 278.8 283.5 7.375 350.0 348.3 344.8 350.0 344.8 346.5 350.0 348.3 341.3 11.9 11.9 11.9
Revenue Recognition, Policy [Policy Text Block]	(d) 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 6.1 6.4 18.2 19.0 Within our digital segment, including Interactive One, which generates the majority of the Company’s digital revenue, revenue is principally derived 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 $ 3.2 3.8 10.8 11.8
Launch Support [Policy Text Block]	(e) 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. Amortization is recorded as a reduction to revenue. For the nine months ended September 30, 2017, TV One paid approximately $ 1.8 9.5 9.4 7.3 8.0 108,000 324,000 20,000 61,000
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 574,000 491,000 534,000 450,000 40,000 41,000 1.6 1.5 1.5 121,000 122,000
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 2017 2016 2017 2016 (Unaudited) (In Thousands) Numerator: Net (loss) income attributable to common stockholders $ (7,886) $ (423) $ (9,397) $ 2,944 Denominator: Denominator for basic net (loss) income per share - weighted average outstanding shares 46,681,585 47,481,004 47,487,607 48,066,267 Effect of dilutive securities: Stock options and restricted stock — — — 1,173,898 Denominator for diluted net (loss) income per share - weighted-average outstanding shares 46,681,585 47,481,004 47,487,607 49,240,165 Net (loss) income attributable to common stockholders per share – basic $ (0.17) $ (0.01) $ (0.20) $ 0.06 Net (loss) income attributable to common stockholders per share –diluted $ (0.17) $ (0.01) $ (0.20) $ 0.06 Three Months Ended Three Months Ended Nine Months Ended September 30, September 30, (Unaudited) (In Thousands) Stock options 4,767 3,700 4,767 Restricted stock awards 2,390 1,117 2,476
Fair Value Measurement, Policy [Policy Text Block]	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 Level 2 Level 3 Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of September 30, 2017 Liabilities subject to fair value measurement: Contingent consideration (a) $ 2,058 — — $ 2,058 Employment agreement award (b) 29,236 — — 29,236 Total $ 31,294 $ — $ — $ 31,294 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 9,871 $ — $ — $ 9,871 As of December 31, 2016 Liabilities subject to fair value measurement: Employment agreement award (b) $ 26,965 $ — $ — $ 26,965 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 12,410 $ — $ — $ 12,410 (a) This balance is measured based on the income approach to valuation in the form of a Monte Carlo simulation. The Monte Carlo simulation method is suited to instances such as this where there is non-diversifiable risk. It is also well-suited to multi-year, path dependent scenarios. Significant inputs to the Monte Carlo method include forecasted net revenues, discount rate and expected volatility. A third-party valuation firm assisted the Company in estimating the contingent consideration. (b) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) became eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4 , (c) 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 Contingent Employment Redeemable (In thousands) Balance at December 31, 2016 $ — $ 26,965 $ 12,410 Net income attributable to noncontrolling interests — — 232 Variable consideration at acquisition date 2,205 — — Distribution (147) (1,604) — Change in fair value — 3,875 (2,771) Balance at September 30, 2017 $ 2,058 $ 29,236 $ 9,871 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 $ — $ (3,875) $ — As of As of Level 3 liabilities Valuation Technique Significant Significant Unobservable Contingent consideration Monte Carlo Simulation Expected volatility 38.1 % N/A Contingent consideration Monte Carlo Simulation Discount Rate 16.0 % N/A Employment agreement award Discounted Cash Flow Discount Rate 11.0 % 11.0 % Employment agreement award Discounted Cash Flow Long-term Growth Rate 2.5 % 2.5 % Redeemable noncontrolling interest Discounted Cash Flow Discount Rate 10.5 % 10.5 % Redeemable noncontrolling interest Discounted Cash Flow Long-term Growth Rate 1.0 % 1.0 % 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, therefore, were reported at carrying value. The Company recorded an impairment charge of approximately $ 16.4 29.1 30, 2017, respectively, related to its Houston and Columbus radio broadcasting license
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 Technical Corrections and Improvements to Topic 606, Revenue from Contracts with In August 2014, the FASB issued ASU 2014-15, “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern 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 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) In November 2016, the FASB issued ASU 2016-18, “ Restricted Cash In January 2017, the FASB issued ASU 2017-04, “ Intangibles – Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment
Redeemable Noncontrolling Interest Policy [Policy Text Block]	(j) 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.
Investment, Policy [Policy Text Block]	(k) Investments – Cost Method On April 10, 2015, the Company made an initial minimum investment of $ 5 40 35 diversified
Content Assets [Policy Text Block]	(l) 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 basis 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. The Company did not record any impairment or additional amortization expense as a result of evaluating its contracts for recoverability for the three and nine months ended September 30, 2017. 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 state and local governments offer that are directly measured based on production activities are recorded as reductions in production costs.
Derivatives, Policy [Policy Text Block]	(m) Derivatives The Company recognizes all derivatives at fair value on the consolidated balance sheets 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 accounts for the Employment Agreement Award as a derivative instrument in accordance with ASC 815, “Derivatives and Hedging.” 29.2 27.0 1.4 1.0 3.9 5.8 The Company’s obligation to pay the Employment Agreement Award was triggered after the Company’s recovery of the aggregate amount of its capital contribution in TV One before the buyout of its partner, and payment is required only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to such invested amount. 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]	(n) Related Party Transactions Reach Media operates the Tom Joyner Fantastic Voyage, a fundraising event for the Tom Joyner Foundation, Inc. (the “Foundation”), a 501(c)(3) entity. The terms of the agreement are that Reach Media provides all necessary operations for the Fantastic Voyage, that the Foundation reimburse the Company for all related expenses, and that the Foundation pay a fee plus a performance bonus to Reach Media. 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. Reach Media’s earnings for the Fantastic Voyage may not exceed $ 1.7 973,000 426,000 Reach Media provides office facilities (including office space, telecommunications facilities, and office equipment) to the Foundation, 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. Additionally, from time to time, the Foundation and Limited reimburse Reach Media for expenditures paid on their behalf at Reach Media related events. Under these arrangements, as of September 30, 2017, the Foundation and Limited owed $ 14,000 2,000 3,000 11,000 For the nine months ended September 30, 2017, Reach Media’s revenues, expenses, and operating income for the Fantastic Voyage were approximately $ 9.1 7.4 1.7 8.8 7.8 1.0

ORGANIZATION AND SUMMARY OF S20

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2017
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 2017 2016 2017 2016 (Unaudited) (In Thousands) Numerator: Net (loss) income attributable to common stockholders $ (7,886) $ (423) $ (9,397) $ 2,944 Denominator: Denominator for basic net (loss) income per share - weighted average outstanding shares 46,681,585 47,481,004 47,487,607 48,066,267 Effect of dilutive securities: Stock options and restricted stock — — — 1,173,898 Denominator for diluted net (loss) income per share - weighted-average outstanding shares 46,681,585 47,481,004 47,487,607 49,240,165 Net (loss) income attributable to common stockholders per share – basic $ (0.17) $ (0.01) $ (0.20) $ 0.06 Net (loss) income attributable to common stockholders per share –diluted $ (0.17) $ (0.01) $ (0.20) $ 0.06
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	All stock options and restricted stock awards were excluded from the diluted calculation for the three months ended September 30, 2017 and 2016, and for the nine months ended September 30, 2017, 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, September 30, (Unaudited) (In Thousands) Stock options 4,767 3,700 4,767 Restricted stock awards 2,390 1,117 2,476
Fair Value, by Balance Sheet Grouping [Table Text Block]	As of September 30, 2017, and December 31, 2016, respectively, the fair values of our financial assets and liabilities measured at fair value on a recurring basis are categorized as follows: Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of September 30, 2017 Liabilities subject to fair value measurement: Contingent consideration (a) $ 2,058 — — $ 2,058 Employment agreement award (b) 29,236 — — 29,236 Total $ 31,294 $ — $ — $ 31,294 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 9,871 $ — $ — $ 9,871 As of December 31, 2016 Liabilities subject to fair value measurement: Employment agreement award (b) $ 26,965 $ — $ — $ 26,965 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 12,410 $ — $ — $ 12,410 (a) This balance is measured based on the income approach to valuation in the form of a Monte Carlo simulation. The Monte Carlo simulation method is suited to instances such as this where there is non-diversifiable risk. It is also well-suited to multi-year, path dependent scenarios. Significant inputs to the Monte Carlo method include forecasted net revenues, discount rate and expected volatility. A third-party valuation firm assisted the Company in estimating the contingent consideration. (b) Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) became eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4 , (c) 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
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 nine months ended September 30, 2017. 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, 2017: Contingent Employment Redeemable (In thousands) Balance at December 31, 2016 $ — $ 26,965 $ 12,410 Net income attributable to noncontrolling interests — — 232 Variable consideration at acquisition date 2,205 — — Distribution (147) (1,604) — Change in fair value — 3,875 (2,771) Balance at September 30, 2017 $ 2,058 $ 29,236 $ 9,871 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 $ — $ (3,875) $ —
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	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, 2017 and 2016. As of As of Level 3 liabilities Valuation Technique Significant Significant Unobservable Contingent consideration Monte Carlo Simulation Expected volatility 38.1 % N/A Contingent consideration Monte Carlo Simulation Discount Rate 16.0 % N/A Employment agreement award Discounted Cash Flow Discount Rate 11.0 % 11.0 % Employment agreement award Discounted Cash Flow Long-term Growth Rate 2.5 % 2.5 % Redeemable noncontrolling interest Discounted Cash Flow Discount Rate 10.5 % 10.5 % Redeemable noncontrolling interest Discounted Cash Flow Long-term Growth Rate 1.0 % 1.0 %

GOODWILL AND RADIO BROADCASTI21

GOODWILL AND RADIO BROADCASTING LICENSES (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and 2016, respectively. Radio Broadcasting September 30, September 30, Licenses 2017 (a) 2016 (a) Pre-tax impairment charge (in millions) $ 16.4 $ — Discount Rate 9.0 % 9.0 % Year 1 Market Revenue Growth Rate Range (5.0)% – 2.0 % 0.3% – 0.5 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 0.5% – 1.5 % 0.5% – 1.0 % Mature Market Share Range 6.9% – 25.8 % 8.9% – 14.2 % Operating Profit Margin Range 31.0% – 47.0 % 31.3% – 34.1 % (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]	Below are some of the key assumptions used in the income approach model for estimating reporting unit fair values for the interim impairment assessments for the quarters ended September 30, 2017 and 2016. Goodwill (Radio Market September 30, September 30, Reporting Units) 2017 (a) 2016 (a) Pre-tax impairment charge (in millions) $ — $ — Discount Rate 9.0 % 9.0 % Year 1 Market Revenue Growth Rate Range (5.9)% – 30.0 % 0.6 % Long-term Market Revenue Growth Rate Range (Years 6 – 10) 1.0% – 1.5 % 1.0 % Mature Market Share Range 9.0% – 14.8 % 9.5 % Operating Profit Margin Range 26.6% – 52.6 % 18.2% – 33.9 % (a) Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.
Schedule Of Goodwill Impairment Test Reach Media Goodwill [Table Text Block]	September 30, Reach Media Segment Goodwill 2017 Pre-tax impairment charge (in millions) $ — Discount Rate 10.5 % Year 1 Revenue Growth Rate (11.3) % Long-term Revenue Growth Rate 1.0 % Operating Profit Margin Range 13.5% – 15.9 %
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 Digital Cable Total (In thousands) Gross goodwill $ 154,863 $ 30,468 $ 23,004 $ 165,044 $ 373,379 Additions 47 — 4,979 — 5,026 Accumulated impairment losses (84,436) (16,114) (14,545) — (115,095) Net goodwill at September 30, 2017 $ 70,474 $ 14,354 $ 13,438 $ 165,044 $ 263,310 The increase to the radio broadcasting and digital segment reporting units’ goodwill carrying values for the nine months ended September 30, 2017, relate to current period acquisitions. See Note 2– Acquisitions and Dispositions

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule Of Long Term Debt [Table Text Block]	Long-term debt consists of the following: September 30, 2017 December 31, 2016 (Unaudited) (In thousands) 2017 Credit Facility $ 348,250 $ — 2015 Credit Facility — 344,750 9.25% Senior Subordinated Notes due February 2020 295,000 315,000 7.375% Senior Secured Notes due April 2022 350,000 350,000 Comcast Note due April 2019 11,872 11,872 Total debt 1,005,122 1,021,622 Less: current portion of long-term debt (3,500) (3,500) Less: original issue discount and issuance costs (14,317) (15,386) Long-term debt, net $ 987,305 $ 1,002,736
Schedule of Maturities of Long-term Debt [Table Text Block]	Future scheduled minimum principal payments of debt as of September 30, 2017, are as follows: Comcast Note 2017 9.25% Senior 7.375% Senior Total (In thousands) July – December 2017 $ — $ 875 $ — $ — $ 875 2018 — 3,500 — — 3,500 2019 11,872 3,500 — — 15,372 2020 — 3,500 295,000 — 298,500 2021 — 3,500 — — 3,500 2022 and thereafter — 333,375 — 350,000 683,375 Total Debt $ 11,872 $ 348,250 $ 295,000 $ 350,000 $ 1,005,122

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Weighted-Average Weighted-Average Aggregate Outstanding at December 31, 2016 3,700,000 $ 2.03 4.21 $ 3,675,000 Grants 1,167,000 $ 1.90 Exercised — $ — Forfeited/cancelled/expired 100,000 $ 7.50 Balance as of September 30, 2017 4,767,000 $ 1.89 5.12 $ 588,090 Vested and expected to vest at September 30, 2017 4,628,000 $ 1.88 4.99 $ 588,090 Unvested at September 30, 2017 1,367,000 $ 1.92 9.59 $ — Exercisable at September 30, 2017 3,400,000 $ 1.87 3.32 $ 588,090
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, 2017, are summarized below: Shares Average Unvested at December 31, 2016 358,000 $ 2.31 Grants 2,173,000 $ 1.91 Vested (205,000) $ 2.21 Forfeited/cancelled/expired — $ — Unvested at September 30, 2017 2,326,000 $ 1.95

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and 2016, is presented in the following tables: Three Months Ended 2017 2016 (Unaudited) (In thousands) (As Net Revenue: Radio Broadcasting $ 45,184 $ 45,524 Reach Media 10,491 12,153 Digital 8,107 6,417 Cable Television 48,374 46,811 Corporate/Eliminations* (78) (49) Consolidated $ 112,078 $ 110,856 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 27,887 $ 25,541 Reach Media 10,018 10,061 Digital 8,178 6,593 Cable Television 29,029 28,510 Corporate/Eliminations 8,239 7,149 Consolidated $ 83,351 $ 77,854 Depreciation and Amortization: Radio Broadcasting $ 923 $ 1,035 Reach Media 52 59 Digital 812 417 Cable Television 6,567 6,559 Corporate/Eliminations 450 399 Consolidated $ 8,804 $ 8,469 Impairment of long-lived assets: Radio Broadcasting $ 16,392 $ — Reach Media — — Digital — — Cable Television — — Corporate/Eliminations — — Consolidated $ 16,392 $ — Operating income (loss): Radio Broadcasting $ (18) $ 18,948 Reach Media 421 2,033 Digital (883) (593) Cable Television 12,778 11,742 Corporate/Eliminations (8,767) (7,597) Consolidated $ 3,531 $ 24,533 * Intercompany revenue included in net revenue above is as follows: Radio Broadcasting $ (78) $ (49) Capital expenditures by segment are as follows: Radio Broadcasting $ 425 $ 740 Reach Media 34 110 Digital 302 253 Cable Television 31 172 Corporate/Eliminations/Other 172 369 Consolidated $ 964 $ 1,644 Nine Months Ended September 30, 2017 2016 (Unaudited) (In thousands) (As reclassified) Net Revenue: Radio Broadcasting $ 133,082 $ 138,971 Reach Media 35,682 41,055 Digital 20,353 18,963 Cable Television 142,298 143,837 Corporate/Eliminations (410) (163) Consolidated $ 331,005 $ 342,663 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 83,381 $ 82,123 Reach Media 33,792 34,769 Digital 23,040 19,077 Cable Television 82,334 85,616 Corporate/Eliminations 21,670 24,295 Consolidated $ 244,217 $ 245,880 Depreciation and Amortization: Radio Broadcasting $ 2,819 $ 3,256 Reach Media 158 148 Digital 1,616 1,299 Cable Television 19,696 19,664 Corporate/Eliminations 1,259 1,356 Consolidated $ 25,548 $ 25,723 Impairment of long-lived assets: Radio Broadcasting $ 29,148 $ — Reach Media — — Digital — — Cable Television — — Corporate/Eliminations — — Consolidated $ 29,148 $ — Operating income (loss): Radio Broadcasting $ 17,734 $ 53,592 Reach Media 1,732 6,138 Digital (4,303) (1,413) Cable Television 40,268 38,557 Corporate/Eliminations (23,339) (25,814) Consolidated $ 32,092 $ 71,060 * Intercompany revenue included in net revenue above is as follows: Radio Broadcasting $ (410) $ (163) Capital expenditures by segment are as follows: Radio Broadcasting $ 2,095 $ 2,574 Reach Media 102 332 Digital 847 969 Cable Television 234 313 Corporate/Eliminations/Other 1,434 790 Consolidated $ 4,712 $ 4,978 September December (Unaudited) (In thousands) Total Assets: Radio Broadcasting $ 751,722 $ 781,450 Reach Media 42,796 37,192 Digital 24,353 17,749 Cable Television 429,162 446,880 Corporate/Eliminations/Other 77,583 75,515 Consolidated $ 1,325,616 $ 1,358,786

ORGANIZATION AND SUMMARY OF S25

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator:
Net (loss) income attributable to common stockholders	$ (7,886)	$ (423)	$ (9,397)	$ 2,944
Denominator:
Denominator for basic net (loss) income per share - weighted average outstanding shares (in shares)	46,681,585	47,481,004	47,487,607	48,066,267
Effect of dilutive securities:
Stock options and restricted stock (in shares)	0	0	0	1,173,898
Denominator for diluted net (loss) income per share - weighted-average outstanding shares (in shares)	46,681,585	47,481,004	47,487,607	49,240,165
Net (loss) income attributable to common stockholders per share - basic	$ (0.17)	$ (0.01)	$ (0.20)	$ 0.06
Net (loss) income attributable to common stockholders per share -diluted	$ (0.17)	$ (0.01)	$ (0.20)	$ 0.06

ORGANIZATION AND SUMMARY OF S26

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017
Restricted stock awards [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,390	1,117	2,476
Stock options [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,767	3,700	4,767

ORGANIZATION AND SUMMARY OF S27

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
Liabilities subject to fair value measurement:
Contingent consideration	[1]	$ 2,058
Total		31,294
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[2]	9,871	$ 12,410
Fair Value, Inputs, Level 1 [Member]
Liabilities subject to fair value measurement:
Contingent consideration	[1]	0
Total		0
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[2]	0	0
Fair Value, Inputs, Level 2 [Member]
Liabilities subject to fair value measurement:
Contingent consideration	[1]	0
Total		0
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[2]	0	0
Fair Value, Inputs, Level 3 [Member]
Liabilities subject to fair value measurement:
Contingent consideration	[1]	2,058
Total		31,294
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[2]	9,871	12,410
Employment Agreement Award [Member]
Liabilities subject to fair value measurement:
Employment agreement award	[3]	29,236	26,965
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]	$ 29,236	$ 26,965
[1]	This balance is measured based on the income approach to valuation in the form of a Monte Carlo simulation. The Monte Carlo simulation method is suited to instances such as this where there is non-diversifiable risk. It is also well-suited to multi-year, path dependent scenarios. Significant inputs to the Monte Carlo method include forecasted net revenues, discount rate and expected volatility. A third-party valuation firm assisted the Company in estimating the contingent consideration.
[2]	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.
[3]	Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) became 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 investment 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 capital contribution in TV One, and payment is required only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to such invested amount. 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 a discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. 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 S28

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Contingent Consideration [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 0
Net income attributable to noncontrolling interests	0
Variable consideration at acquisition date	2,205
Distribution	(147)
Change in fair value	0
Balance, end of period	2,058
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
Employment Agreement Award [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	26,965
Net income attributable to noncontrolling interests	0
Variable consideration at acquisition date	0
Distribution	(1,604)
Change in fair value	3,875
Balance, end of period	29,236
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	(3,875)
Redeemable Noncontrolling Interests [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	12,410
Net income attributable to noncontrolling interests	232
Variable consideration at acquisition date	0
Distribution	0
Change in fair value	(2,771)
Balance, end of period	9,871
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

ORGANIZATION AND SUMMARY OF S29

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Contingent Consideration [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Assumptions, Expected Volatility Rate	38.10%
Fair Value Inputs, Discount Rate	16.00%
Employment Agreement Award [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	11.00%	11.00%
Fair Value Inputs, Long-term Growth Rate	2.50%	2.50%
Redeemable Noncontrolling Interest [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	10.50%	10.50%
Fair Value Inputs, Long-term Growth Rate	1.00%	1.00%

ORGANIZATION AND SUMMARY OF S30

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Apr. 18, 2017	Nov. 30, 2016	Apr. 10, 2015
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Cost of Goods and Services Sold, Total	$ 34,892,000	$ 32,093,000	$ 99,798,000	$ 96,789,000
Selling, General and Administrative Expense, Total	36,851,000	35,855,000	114,280,000	114,541,000
Payment of launch support	0		1,800,000	0
Related Party Transaction, Due from (to) Related Party, Total	973,000		$ 973,000		$ 426,000
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	112,078,000	110,856,000	$ 331,005,000	342,663,000
Operating Expenses, Total	108,547,000	86,323,000	298,913,000	271,603,000
Operating Income (Loss)	3,531,000	24,533,000	32,092,000	71,060,000
Credit Facility 2017 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	348,300,000		348,300,000				$ 350,000,000
Debt Instrument, Fair Value Disclosure	341,300,000		341,300,000
Accounting Standards Update 2015-03 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Debt Related Commitment Fees and Debt Issuance Costs						$ 7,400,000
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%
Debt Instrument, Face Amount	$ 11,900,000		$ 11,900,000
MGM National Harbor [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Investment Owned, at Cost								$ 35,000,000	$ 5,000,000
Employment Agreement Award [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Selling, General and Administrative Expense, Total	1,400,000	1,000,000	3,900,000	5,800,000
Barter Transactions [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Advertising Barter Transactions, Advertising Barter Revenue	574,000	491,000	1,600,000	1,600,000
Cost of Goods and Services Sold, Total	534,000	450,000	1,500,000	1,500,000
Selling, General and Administrative Expense, Total	40,000	41,000	121,000	122,000
Radio broadcasting and Reach Media segments [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Sales Commissions and Fees	6,100,000	6,400,000	$ 18,200,000	19,000,000
Maximum [Member] | MGM National Harbor [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Investment Owned, at Cost									$ 40,000,000
Launch Support Assets [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Finite Lived Intangible Assets Weighted Average Amortization Period			9 years 6 months		9 years 4 months 24 days
Finite Lived Intangible Assets Remaining Weighted Average Amortization Period			7 years 3 months 18 days		8 years
Amortization of Intangible Assets	108,000	20,000	$ 324,000	61,000
Content Assets [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Amortization of Intangible Assets	0	0	0	1,900,000
Columbus and Houston Radio Broadcasting Licenses [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 16,400,000		$ 29,100,000
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	$ 29,200,000		$ 29,200,000		$ 27,000,000
Tom Joyner Foundation Inc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Related Party Transaction, Due from (to) Related Party, Total	14,000		14,000		3,000
Tom Joyner Limited [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Related Party Transaction, Due from (to) Related Party, Total	2,000		2,000		11,000
Senior Subordinated Notes due February 2020 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	295,000,000		295,000,000		315,000,000
Debt Instrument, Fair Value Disclosure	$ 278,800,000		$ 278,800,000		283,500,000
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	$ 348,300,000		$ 348,300,000		344,800,000
Debt Instrument, Interest Rate, Stated Percentage	7.375%		7.375%
Senior Secured Credit Facility [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	$ 350,000,000		$ 350,000,000		344,800,000
Long-term Debt, Fair Value					$ 346,500,000
Tv One Llc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Sales Commissions and Fees	$ 3,200,000	$ 3,800,000	$ 10,800,000	11,800,000
Reach Media Inc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	80.00%		80.00%
Reach Media Inc [Member] | Fantastic Voyage [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Revenues			$ 9,100,000	8,800,000
Operating Expenses, Total			7,400,000	7,800,000
Operating Income (Loss)			1,700,000	$ 1,000,000
Reach Media Inc [Member] | Maximum [Member] | Fantastic Voyage [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Operating Income (Loss)			$ 1,700,000

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Details Textual) - USD ($)	Aug. 03, 2017	May 02, 2017	Apr. 28, 2017	Apr. 20, 2017	Jan. 30, 2017	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Proceeds from Divestiture of Businesses	$ 2,000,000				$ 25,000,000
Assets Held-for-sale, Not Part of Disposal Group											$ 2,200,000
Sale Leaseback Transaction, Net Proceeds, Investing Activities		$ 25,000,000							$ 25,000,000	$ 0
Sale And Leaseback Transaction Gain		$ 22,500,000
Sale and Leaseback Transaction, Gain (Loss), Net						$ 0	$ 14,400,000	$ 0	$ 14,411,000	$ 0
Sale Lease Back Transaction, Lease Expiration Period									10 years
Goodwill						263,310,000			$ 263,310,000		$ 258,284,000
Deferred Gain (loss) on Bussiness Combination						$ 8,100,000			$ 8,100,000
Red Zebra Broadcasting [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment, Total				$ 206,000
Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets, Radio Broadcasting Licenses				1,600,000
Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets Including Goodwill				47,000
Business Combination, Consideration Transferred				2,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Intangible Assets				$ 114,000
Moguldom Media Group, LLC. [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment, Total			$ 22,000
Business Combination, Consideration Transferred			5,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Intangible Assets			347,000
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Brand and Trade Names			915,000
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Customer Relationship			1,200,000
Business Combination, Contingent Consideration, Liability			2,200,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			263,000
Goodwill			$ 5,000,000

GOODWILL AND RADIO BROADCASTI32

GOODWILL AND RADIO BROADCASTING LICENSES (Details) - Radio Broadcasting Licenses [Member] - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Pre-tax impairment charge	[1]	$ 16.4	$ 0
Discount Rate	[1]	9.00%	9.00%
Minimum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]	(5.00%)	0.30%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	0.50%	0.50%
Mature Market Share Range	[1]	6.90%	8.90%
Operating Profit Margin Range	[1]	31.00%	31.30%
Maximum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]	2.00%	0.50%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	1.50%	1.00%
Mature Market Share Range	[1]	25.80%	14.20%
Operating Profit Margin Range	[1]	47.00%	34.10%
[1]	Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.

GOODWILL AND RADIO BROADCASTI33

GOODWILL AND RADIO BROADCASTING LICENSES (Details 1) - Radio Marketing Units [Member] - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Pre-tax impairment charge	[1]	$ 0	$ 0
Discount Rate	[1]	9.00%	9.00%
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]	(5.90%)
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	1.00%
Mature Market Share Range	[1]	9.00%
Operating Profit Margin Range	[1]	26.60%	18.20%
Maximum [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Year 1 Market Revenue Growth Rate Range	[1]	30.00%
Long-term Market Revenue Growth Rate Range (Years 6 - 10)	[1]	1.50%
Mature Market Share Range	[1]	14.80%
Operating Profit Margin Range	[1]	52.60%	33.90%
[1]	Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.

GOODWILL AND RADIO BROADCASTI34

GOODWILL AND RADIO BROADCASTING LICENSES (Details 2) - Reach Media Segment Goodwill [Member] $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Pre-tax impairment charge	$ 0
Discount Rate	10.50%
Year 1 Revenue Growth Rate	(11.30%)
Long-term Revenue Growth Rate	1.00%
Minimum [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Operating Profit Margin Range	13.50%
Maximum [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Operating Profit Margin Range	15.90%

GOODWILL AND RADIO BROADCASTI35

GOODWILL AND RADIO BROADCASTING LICENSES (Details 3) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	$ 373,379
Additions	5,026
Accumulated impairment losses	(115,095)
Net goodwill at September 30, 2017	263,310	$ 258,284
Radio Broadcasting Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	154,863
Additions	47
Accumulated impairment losses	(84,436)
Net goodwill at September 30, 2017	70,474
Reach Media Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	30,468
Additions	0
Accumulated impairment losses	(16,114)
Net goodwill at September 30, 2017	14,354
Digital Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	23,004
Additions	4,979
Accumulated impairment losses	(14,545)
Net goodwill at September 30, 2017	13,438
Cable Television Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	165,044
Additions	0
Accumulated impairment losses	0
Net goodwill at September 30, 2017	$ 165,044

GOODWILL AND RADIO BROADCASTI36

GOODWILL AND RADIO BROADCASTING LICENSES (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Columbus and Houston Radio Broadcasting Licenses [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Pre Tax Impairment Charges	$ 16.4	$ 29.1

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total debt	$ 1,005,122	$ 1,021,622
Less: current portion of long-term debt	(3,500)	(3,500)
Less: original issue discount and issuance costs	(14,317)	(15,386)
Long-term debt, net	987,305	1,002,736
2015 Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	0	344,750
2017 Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	348,250	0
9.25% Senior Subordinated Notes due February 2020 [Member]
Debt Instrument [Line Items]
Total debt	295,000	315,000
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, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
July - December 2017	$ 875
2,018	3,500
2,019	15,372
2,020	298,500
2,021	3,500
2022 and thereafter	683,375
Total Debt	1,005,122	$ 1,021,622
Comcast Note due April 2019 [Member]
Debt Instrument [Line Items]
July - December 2017	0
2,018	0
2,019	11,872
2,020	0
2,021	0
2022 and thereafter	0
Total Debt	11,872	11,872
2017 Credit Facility [Member]
Debt Instrument [Line Items]
July - December 2017	875
2,018	3,500
2,019	3,500
2,020	3,500
2,021	3,500
2022 and thereafter	333,375
Total Debt	348,250
9.25% Senior Subordinated Notes due February 2020 [Member]
Debt Instrument [Line Items]
July - December 2017	0
2,018	0
2,019	0
2,020	295,000
2,021	0
2022 and thereafter	0
Total Debt	295,000	315,000
7.375% Senior Secured Notes due April 2022 [Member]
Debt Instrument [Line Items]
July - December 2017	0
2,018	0
2,019	0
2,020	0
2,021	0
2022 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. 18, 2017

Apr. 26, 2016

Apr. 17, 2015

Sep. 30, 2017

Sep. 30, 2016

Jun. 30, 2016

Sep. 30, 2017

Sep. 30, 2016

Dec. 31, 2016

Apr. 21, 2016

Feb. 25, 2011

Debt Instrument [Line Items]

Letters of Credit Outstanding, Amount

$ 815,000

$ 815,000

Gains (Losses) on Extinguishment of Debt, Total

690,000

$ 0

(6,393,000)

$ 2,646,000

Interest Expense, Total

19,938,000

20,319,000

60,147,000

61,488,000

Payments Under 2017 Credit Facility

875,000

1,800,000

Comcast Note [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

11,900,000

11,900,000

Long-term Debt, Gross

$ 11,900,000

$ 11,900,000

$ 11,900,000

Debt Instrument, Interest Rate, Stated Percentage

10.47%

10.47%

Debt Financing Cost [Member]

Debt Instrument [Line Items]

Interest Expense, Total

$ 718,000

$ 1,300,000

$ 2,900,000

$ 3,900,000

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

9.25% Senior Subordinated Notes due February 2020 [Member]

Debt Instrument [Line Items]

Long-term Debt, Gross

$ 295,000,000

$ 295,000,000

315,000,000

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, Description

The 2022 Notes were offered at an original issue price of 100.0% plus accrued interest from April 17, 2015, and will mature on April 15, 2022. Interest on the 2022

2015 Credit Facility [Member]

Debt Instrument [Line Items]

Long-term Debt, Gross

$ 350,000,000

Debt Instrument, Interest Rate Terms

At the Companys election, the interest rate on borrowings under the 2015 Credit Facility was 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) a rate of 1/2 of 1% in excess rate of the overnight Federal Funds Rate at any given time, and (c) the one-month LIBOR commencing on such day plus 1.00%), or (ii) the then applicable LIBOR plus 4.5% (as defined in the 2015 Credit Facility). The average interest rate was approximately 5.32% for 2017 and 5.14% for 2016. Quarterly installments of 0.25%, or $875,000, of the principal balance on the term loan were payable on the last day of each March, June, September and December beginning on September 30, 2015. During the nine month period ended September 30, 2017, the Company repaid $875,000 under the 2015 Credit Facility. 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]

Line of Credit Facility, Maximum Borrowing Capacity

$ 25,000,000

Percentage Borrowing Of Eligible Accounts

85.00%

Credit Facility 2017 [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, 2017, 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, 2017, and the last day of each fiscal quarter thereafter.

Long-term Debt, Gross

$ 350,000,000

$ 348,300,000

$ 348,300,000

Debt Instrument, Description

The 2017 Credit Facility matures on the earlier of (i) April 18, 2023, or (ii) in the event such debt is not repaid or refinanced, 91 days prior to the maturity of either of the Companys 2022 Notes or the Companys 2020 Notes. At the Companys election, the interest rate on borrowings under the 2017 Credit Facility are based on either (i) the then applicable base rate (as defined in the 2017 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, (c) the one-month LIBOR rate commencing on such day plus 1.00%) and (d) 2%, or (ii) the then applicable LIBOR rate (as defined in the 2017 Credit Facility). The average interest rate was approximately 5.24% for 2017.

Gains (Losses) on Extinguishment of Debt, Total

7,100,000

Debt Instrument, Interest Rate Terms

The 2017 Credit Facility contains customary representations and warranties and events of default, affirmative and negative covenants (in each case, subject to materiality exceptions and qualifications) which may be more restrictive than those governing the Notes. The 2017 Credit Facility also contains certain financial covenants, including a maintenance covenant requiring the Companys interest expense coverage ratio (defined as the ratio of consolidated EBITDA to consolidated interest expense) to be greater than or equal to 1.25 to 1.00 and its total senior secured leverage ratio (defined as the ratio of consolidated net senior secured indebtedness to consolidated EBITDA) to be less than or equal to 5.85 to 1.00.

Debt Instrument Additional Interest Payment Term On Prepayment

Beginning with the interest payment date occurring in June 2017 and ending in March 2023, the Company will be required to repay principal, to the extent then outstanding, equal to 1/4 of 1%of the aggregate initial principal amount of all term loans incurred on the effective date of the 2017 Credit Facility.

Senior Subordinated Notes Due From 2020 [Member]

Debt Instrument [Line Items]

Debt Instrument, Periodic Payment, Interest

$ 13,600,000

Gains (Losses) on Extinguishment of Debt, Total

690,000

$ 2,600,000

Debt Instrument, Repurchase Amount

$ 20,000,000

$ 20,000,000

$ 20,000,000

Debt Instrument, Redemption Price, Percentage

96.00%

86.00%

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)	$ (6,037)	$ 4,307	$ (5,967)	$ 8,265
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	$ (13,855)	$ 4,287	$ (15,132)	$ 12,468
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	43.60%		39.40%

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Grants	1,166,930
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at Beginning of Year	3,700,000
Number of Options, Grants	1,167,000
Number of Options, Exercised	0
Number of Option, Forfeited/cancelled/expired	100,000
Number of Options, Balance at End of Year	4,767,000	3,700,000
Number of Options, Vested and expected to vest	4,628,000
Number of Options, Unvested	1,367,000
Number of Options, Exercisable	3,400,000
Weighted-Average Exercise Price, Outstanding at Beginning of Year (in dollars per share)	$ 2.03
Weighted-Average Exercise Price, Grants (in dollars per share)	1.9
Weighted-Average Exercise Price, Exercised (in dollars per share)	0
Weighted-Average Exercise Price, Forfeited/cancelled/expired (in dollars per share)	7.5
Weighted-Average Exercise Price, Balance at End of Year (in dollars per share)	1.89	$ 2.03
Weighted-Average Exercise Price, Vested and expected to vest (in dollars per share)	1.88
Weighted-Average Exercise Price, Unvested (in dollars per share)	1.92
Weighted-Average Exercise Price, Exercisable (in dollars per share)	$ 1.87
Weighted-Average Remaining Contractual Term, Outstanding (in years)	5 years 1 month 13 days	4 years 2 months 16 days
Weighted-Average Remaining Contractual Term, Vested and expected to vest (in years)	4 years 11 months 26 days
Weighted-Average Remaining Contractual Term, Unvested (in years)	9 years 7 months 2 days
Weighted-Average Remaining Contractual Term, Exercisable (in years)	3 years 3 months 25 days
Aggregate Intrinsic Value, Vested and expected to vest	$ 588,090
Aggregate Intrinsic Value, Unvested	0
Aggregate Intrinsic Value, Exercisable	588,090
Aggregate Intrinsic Value, Outstanding at End of Year	$ 588,090	$ 3,675,000

STOCKHOLDERS_ EQUITY (Details 1

STOCKHOLDERS’ EQUITY (Details 1) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Unvested at beginning of year | shares	358,000
Shares, Grants | shares	2,173,000
Shares, Vested | shares	(205,000)
Shares, Forfeited/cancelled/expired | shares	0
Shares, Unvested at end of year | shares	2,326,000
Average Fair Value at Grant Date, Unvested at beginning of year (in dollars per share) | $ / shares	$ 2.31
Average Fair Value at Grant Date, Grants (in dollars per share) | $ / shares	1.91
Average Fair Value at Grant Date, Vested (in dollars per share) | $ / shares	2.21
Average Fair Value at Grant Date, Forfeited/cancelled/expired (in dollars per share) | $ / shares	0
Average Fair Value at Grant Date, Unvested at end of year (in dollars per share) | $ / shares	$ 1.95

STOCKHOLDERS_ EQUITY (Details T

STOCKHOLDERS’ EQUITY (Details Textual) - USD ($)	Aug. 07, 2017	Jun. 16, 2017	Jun. 16, 2016	Oct. 26, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Value							$ 4,396,000
Share-based Compensation, Total					$ 1,700,000	$ 782,000	$ 1,946,000	$ 2,319,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross							1,166,930
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					$ 3,300,000		$ 3,300,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition							1 year 2 months 26 days
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					2,080,854		2,173,878	157,728
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							1,167,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options					$ 1,300,000		$ 1,300,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition							13 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value							$ 1.31
CEO, 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	The grants were effective August 7, 2017, and will vest in approximately equal 1/3 tranches on each of January 5, 2018, January 5, 2019, and January 5, 2020.
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	The grants were effective August 7, 2017, and will vest on January 5, 2018.
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	The grants were effective August 7, 2017, and will vest on January 5, 2018.
Employees [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	470,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	The grants were effective August 7, 2017. 470,000 shares of restricted stock and 470,000 stock options will vest in three installments, with the first installment of 33% vesting on January 5, 2018, and the second installment vesting on January 5, 2019, and the remaining installment vesting on January 5, 2020
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	575,262
Share based Compensation Arrangement By Share based Payment Award Restricted Stock Vested Number Of Shares	105,262
Chief Executive Officer and President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	The grants were effective August 7, 2017, and will vest on January 5, 2018.
Common Class D [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares					672,366	619,418	1,726,656	1,255,592
Stock Repurchased During Period, Value					$ 1,300,000	$ 1,900,000	$ 3,400,000	$ 3,000,000
Repurchase Of Common Stock Price Per Share					$ 1.92	$ 3.01	$ 1.96	$ 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 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					4,592,124		4,592,124
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					35,370		360,172	330,111
Stock Repurchased During Period, Value					$ 67,000		$ 1,000,000	$ 568,000
Repurchase Of Common Stock Price Per Share					$ 1.90		$ 2.80	$ 1.72
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	50,000			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	50,000			300,000
Common Class D [Member] | Chief Financial Officer [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	256,579
Common Class D [Member] | Chief Financial Officer [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	114,035
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		23,256	18,182
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		$ 50,000	$ 50,000
Common Class D [Member] | Chairperson [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	449,630
Common Class D [Member] | Chairperson [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	199,836
Common Class D [Member] | Chief Executive Officer and President [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	749,383
Common Class D [Member] | Chief Executive Officer and President [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	333,059
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					$ 3,600,000		$ 3,600,000

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2017		Sep. 30, 2016		Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net Revenue	$ 112,078		$ 110,856		$ 331,005	$ 342,663
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):	83,351		77,854		244,217	245,880
Depreciation and Amortization	8,804		8,469		25,548	25,723
Impairment of Long-Lived Assets	16,392		0		29,148	0
Operating income (loss)	3,531		24,533		32,092	71,060
Total Assets	1,325,616				1,325,616		$ 1,358,786
Payments to Acquire Productive Assets	964		1,644		4,712	4,978
Radio Broadcasting [Member]
Segment Reporting Information [Line Items]
Net Revenue	45,184		45,524		133,082	138,971
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):	27,887		25,541		83,381	82,123
Depreciation and Amortization	923		1,035		2,819	3,256
Impairment of Long-Lived Assets	16,392		0		29,148	0
Operating income (loss)	(18)		18,948		17,734	53,592
Total Assets	751,722				751,722		781,450
Payments to Acquire Productive Assets	425		740		2,095	2,574
Radio Broadcasting [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Revenue	(78)		(49)		(410)	(163)
Reach Media [Member]
Segment Reporting Information [Line Items]
Net Revenue	10,491		12,153		35,682	41,055
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):	10,018		10,061		33,792	34,769
Depreciation and Amortization	52		59		158	148
Impairment of Long-Lived Assets	0		0		0	0
Operating income (loss)	421		2,033		1,732	6,138
Total Assets	42,796				42,796		37,192
Payments to Acquire Productive Assets	34		110		102	332
Digital [Member]
Segment Reporting Information [Line Items]
Net Revenue	8,107		6,417		20,353	18,963
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):	8,178		6,593		23,040	19,077
Depreciation and Amortization	812		417		1,616	1,299
Impairment of Long-Lived Assets	0		0		0	0
Operating income (loss)	(883)		(593)		(4,303)	(1,413)
Total Assets	24,353				24,353		17,749
Payments to Acquire Productive Assets	302		253		847	969
Cable Television [Member]
Segment Reporting Information [Line Items]
Net Revenue	48,374		46,811		142,298	143,837
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):	29,029		28,510		82,334	85,616
Depreciation and Amortization	6,567		6,559		19,696	19,664
Impairment of Long-Lived Assets	0		0		0	0
Operating income (loss)	12,778		11,742		40,268	38,557
Total Assets	429,162				429,162		446,880
Payments to Acquire Productive Assets	31		172		234	313
Corporate/Eliminations/Other [Member]
Segment Reporting Information [Line Items]
Net Revenue	(78)	[1]	(49)	[1]	(410)	(163)
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):	8,239		7,149		21,670	24,295
Depreciation and Amortization	450		399		1,259	1,356
Impairment of Long-Lived Assets	0		0		0	0
Operating income (loss)	(8,767)		(7,597)		(23,339)	(25,814)
Total Assets	77,583				77,583		$ 75,515
Payments to Acquire Productive Assets	$ 172		$ 369		$ 1,434	$ 790
[1]	Intercompany revenue included in net revenue above is as follows:

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Commitments and Contingencies Disclosure [Line Items]
Radio Music License Committee Agreement Term			5 years
Music License Agreements [Member]
Commitments and Contingencies Disclosure [Line Items]
License Costs	$ 2,700,000	$ 1,000,000	$ 6,900,000	$ 6,100,000
Standby Letters Of Credit [Member]
Commitments and Contingencies Disclosure [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 815,000		$ 815,000

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 30, 2017	Sep. 30, 2017
Subsequent Event [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross		1,166,930
Chief Administrative Officer [Member]
Subsequent Event [Line Items]
Bonus Payment Description		Ms. Wishart is entitled to a base salary payable at the annualized rate of $425,000 per year and, effective for the calendar year beginning January 1, 2018, is eligible for a bonus of $150,000, approximately 38% of which will be paid on a personal performance basis, another approximately 38% of which will be paidbased on the Company's performance, with the remaining balance paid in accordance with certain cost savings targets in Ms. Wishart's areas of responsibility.
Officers' Compensation		$ 425,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights		The grants will vest in equal increments on each of October 2, 2018, October 2, 2019 and October 2, 2020.
Bonus potential		$ 150,000
Chief Administrative Officer [Member] | Common Class D [Member]
Subsequent Event [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross		37,500
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Grants In Period		37,500
Subsequent Event [Member] | Common Class D [Member]
Subsequent Event [Line Items]
Repurchase Of Common Stock Shares	271,009
Repurchase Of Common Stock Price Per Share	$ 1.94
Repurchase Of Common Stock Value	$ 526,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 3,100,000