Urban One (UONE) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 27, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	URBAN ONE, INC.
Entity Central Index Key	1,041,657
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting 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		41,102,708

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
NET REVENUE	$ 99,621	$ 101,289
OPERATING EXPENSES:
Programming and technical	32,147	31,897
Selling, general and administrative, including stock-based compensation of $258 and $64, respectively	35,235	34,519
Corporate selling, general and administrative, including stock-based compensation of $1,118 and $69, respectively	10,080	10,108
Depreciation and amortization	8,288	8,312
Impairment of long-lived assets	6,556	0
Total operating expenses	92,306	84,836
Operating income	7,315	16,453
INTEREST INCOME	144	103
INTEREST EXPENSE	19,281	20,346
GAIN ON RETIREMENT OF DEBT	(239)	0
OTHER INCOME, net	(1,901)	(1,321)
Loss before provision for (benefit from) income taxes and noncontrolling interests in income (loss) of subsidiaries	(9,682)	(2,469)
PROVISION FOR (BENEFIT FROM) INCOME TAXES	12,840	(112)
CONSOLIDATED NET LOSS	(22,522)	(2,357)
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	33	(44)
CONSOLIDATED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (22,555)	$ (2,313)
BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net loss attributable to common stockholders	$ (0.48)	$ (0.05)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic and diluted	46,757,386	47,965,189

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS [Parenthetical] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Selling, General and Administrative Expenses [Member]
Allocated Share-based Compensation Expense	$ 258	$ 64
Corporate Segment [Member]
Allocated Share-based Compensation Expense	$ 1,118	$ 69

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
COMPREHENSIVE LOSS	$ (22,522)	$ (2,357)
LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	33	(44)
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (22,555)	$ (2,313)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 42,958	$ 37,009
Restricted cash	1,134	802
Trade accounts receivable, net of allowance for doubtful accounts of $8,107 and $8,071, respectively	98,181	111,596
Prepaid expenses	10,964	9,013
Current portion of content assets	34,463	37,549
Other current assets	3,201	3,766
Total current assets	190,901	199,735
CONTENT ASSETS, net	86,327	74,508
PROPERTY AND EQUIPMENT, net	24,347	25,181
GOODWILL	260,182	262,894
RADIO BROADCASTING LICENSES	610,691	614,535
OTHER INTANGIBLE ASSETS, net	87,271	94,055
OTHER ASSETS	45,839	45,847
Total assets	1,305,558	1,316,755
CURRENT LIABILITIES:
Accounts payable	7,596	8,127
Accrued interest	15,545	15,428
Accrued compensation and related benefits	8,756	8,648
Current portion of content payables	26,090	17,891
Other current liabilities	29,720	27,236
Current portion of long-term debt	3,500	3,500
Total current liabilities	91,207	80,830
LONG-TERM DEBT, net of current portion, original issue discount and issuance costs	956,021	967,166
CONTENT PAYABLES, net of current portion	23,035	21,879
OTHER LONG-TERM LIABILITIES	45,309	44,853
DEFERRED TAX LIABILITIES, net	161,449	148,592
Total liabilities	1,277,021	1,263,320
REDEEMABLE NONCONTROLLING INTERESTS	11,214	10,780
STOCKHOLDERS’ EQUITY:
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2018 and December 31, 2017, respectively	0	0
Additional paid-in capital	980,805	983,582
Accumulated deficit	(963,531)	(940,976)
Total stockholders’ equity	17,323	42,655
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	1,305,558	1,316,755
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 ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts receivable (in dollars)	$ 8,107	$ 8,071
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	1,641,632
Common stock, shares outstanding	1,641,632	1,641,632
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	41,111,279	41,014,121
Common stock, shares outstanding	41,111,279	41,014,121

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY - 3 months ended Mar. 31, 2018 - 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	Accumulated Deficit [Member]
BALANCE at Dec. 31, 2017	$ 42,655	$ 0	$ 2	$ 3	$ 3	$ 41	$ 983,582	$ (940,976)
Consolidated net loss	(22,555)	0	0	0	0	0	0	(22,555)
Repurchase of 1,568,246 shares of Class D common stock	(2,951)	0	0	0	0	(1)	(2,950)	0
Adjustment of redeemable noncontrolling interests to estimated redemption value	(1,202)	0	0	0	0	0	(1,202)	0
Stock-based compensation expense	1,376	0	0	0	0	1	1,375	0
BALANCE at Mar. 31, 2018	$ 17,323	$ 0	$ 2	$ 3	$ 3	$ 41	$ 980,805	$ (963,531)

CONSOLIDATED STATEMENT OF CHAN8

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY [Parenthetical]	3 Months Ended
	Mar. 31, 2018shares
Common Stock Class D [Member]
Stock Repurchased During Period, Shares	1,568,246

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net loss	$ (22,522)	$ (2,357)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	8,288	8,312
Amortization of debt financing costs	715	1,366
Amortization of content assets	11,267	11,179
Amortization of launch assets	105	51
Deferred income taxes	12,857	(156)
Impairment of long-lived assets	6,556	0
Stock-based compensation	1,376	133
Gain on retirement of debt	(239)	0
Effect of change in operating assets and liabilities, net of assets acquired:
Trade accounts receivable	13,415	(145)
Prepaid expenses and other current assets	(1,781)	(3,026)
Other assets	8	1,167
Accounts payable	(531)	(330)
Accrued interest	117	(871)
Accrued compensation and related benefits	108	(6,236)
Other liabilities	2,910	3,587
Payments for content assets	(10,645)	(15,339)
Net cash flows provided by (used in) operating activities	22,004	(2,665)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(914)	(1,459)
Net cash flows used in investing activities	(914)	(1,459)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of credit facility	(875)	(875)
Distribution of contingent consideration	(195)	0
Repayment of 2020 Notes	(10,788)	0
Repurchase of common stock	(2,951)	(915)
Net cash flows used in financing activities	(14,809)	(1,790)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6,281	(5,914)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	37,811	46,781	$ 46,781
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	44,092	40,867	$ 37,811
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	18,447	19,852
Income taxes, net of refunds	$ 748	$ 167

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: 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 which is the largest radio broadcasting operation that primarily targets African-American and urban listeners. As of March 31, 2018, we owned and/or operated 56 broadcast stations located in 15 of the most populous African-American markets in the United States. While a core source of our revenue has historically been and remains the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate 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 Our core radio broadcasting franchise operates under the brand “Radio One.” We also operate 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 2017 Annual Report on Form 10-K. (c) Financial Instruments Financial instruments as of March 31, 2018, and December 31, 2017, consisted of cash and cash equivalents, restricted cash, trade accounts receivable, long-term debt and redeemable noncontrolling interests. The carrying amounts approximated fair value for each of these financial instruments as of March 31, 2018, and December 31, 2017, except for the Company’s outstanding senior subordinated notes and secured notes. The 9.25 264.0 275.0 255.4 257.8 7.375 350.0 346.5 348.3 350.0 346.5 343.3 347.4 340.4 11.9 11.9 11.9 Revenue Recognition On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers Within our radio broadcasting and Reach Media segments, the Company recognizes revenue for broadcast advertising at a point in time spot runs. The 5.3 5.7 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 at a point in time TV One derives advertising revenue from the sale of television air time to advertisers and recognizes revenue when the advertisements are run. Advertising revenue is recognized at a point in time when the individual spots run. To the extent there is a shortfall in contracts where the ratings were guaranteed, a portion of the revenue is deferred until the shortfall is settled, typically by providing additional advertising units generally within one year of the original airing. TV One also derives revenue from affiliate fees under the terms of various multi-year affiliation agreements based on a per subscriber fee multiplied by the most recent subscriber counts reported by the applicable affiliate. The Company recognizes the affiliate fee revenue at a point in time as its performance obligation to provide the programming is met. The Company has a right of payment each month as the programming services and related obligations have been satisfied. 3.5 3.9 Revenue by Contract Type Three Months Ended 2018 2017 (Unaudited) Net Revenue: Radio Advertising $ 44,622 $ 46,187 Political Advertising 200 243 Digital Advertising 8,146 5,506 Cable Television Advertising 18,936 21,140 Cable Television Affiliate Fees 27,250 27,323 Event Revenues &; Other 467 890 Net Revenue (as reported) $ 99,621 $ 101,289 If economic conditions change, or other adverse factors outside our control arise, our operations could be negatively impacted. Contract assets and liabilities Contract assets (unbilled receivables) and contract liabilities (customer advances and unearned income and unearned event income) that are not separately stated in our consolidated balance sheets at March 31, 2018, December 31, 2017 and March 31, 2017 were as follows: March 31, 2018 December 31, 2017 March 31, 2017 (Unaudited) (Unaudited) (In thousands) Contract assets: Unbilled receivables $ 6,284 $ 4,850 $ 7,639 Contract liabilities: Customer advances and unearned income $ 4,516 $ 3,372 $ 3,712 Unearned event income 6,157 4,117 7,023 Unbilled receivables consists of earned revenue on behalf of customers that have not yet been billed. Customer advances and unearned income represents advance payments by customers for future services under contract that are generally incurred in the near term. Unearned event income represents payments by customers for upcoming events. For customer advances and unearned income as of January 1, 2018, approximately $ 1.5 Practical expedients and exemptions We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. (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. TV One did not pay any launch support for carriage initiation during the three months ended March 31, 2018 and 2017. The weighted-average amortization period for launch support is approximately 9.6 9.5 6.8 7.1 105,000 51,000 Barter Transactions For barter transactions, the Company provides advertising time in exchange for programming content and certain services. The Company includes the value of such exchanges in both broadcasting net revenue and station operating expenses. The valuation of barter time is based upon the fair value of the network advertising time provided for the programming content and services received. For the three months ended March 31, 2018 and 2017, barter transaction revenues were $ 749,000 501,000 708,000 460,000 41,000 41,000 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 March 31, 2018 2017 (Unaudited) Numerator: Net loss attributable to common stockholders $ (22,555) $ (2,313) Denominator: Denominator for basic net loss per share – weighted-average outstanding shares 46,757,386 47,965,189 Effect of dilutive securities: Stock options and restricted stock - - Denominator for diluted net loss per share – weighted-average outstanding shares 46,757,386 47,965,189 Net loss attributable to common stockholders per share – basic and diluted $ (0.48) $ (0.05) Three Months Ended March 31, 2018 2017 (Unaudited) (In thousands) Stock options 5,537 3,600 Restricted stock awards 2,348 364 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 A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value instrument. Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of March 31, 2018 Liabilities subject to fair value measurement: Contingent consideration (a) $ 2,915 — — $ 2,915 Employment agreement award (b) 33,515 — — 33,515 Total $ 36,430 $ — $ — $ 36,430 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 11,214 $ — $ — $ 11,214 As of December 31, 2017 Liabilities subject to fair value measurement: Contingent consideration (a) $ 1,580 — — $ 1,580 Employment agreement award (b) 32,323 — — 32,323 Total $ 33,903 $ — $ — $ 33,903 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 10,780 $ — $ — $ 10,780 (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% 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) , (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, 2017 $ 1,580 $ 32,323 $ 10,780 Net income attributable to noncontrolling interests — — 33 Distribution (195) — — Dividends paid to noncontrolling interests — — (801) Change in fair value 1,530 1,192 1,202 Balance at March 31, 2018 $ 2,915 $ 33,515 $ 11,214 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 $ (1,530) $ (1,192) $ — Losses included in earnings were recorded in the consolidated statements of operations as corporate selling, general and administrative expenses for the employment agreement award for the three months ended March 31, 2018 and 2017. Losses included in earnings were recorded in the consolidated statements of operations as selling, general and administrative expenses for contingent consideration for the three months ended March 31, 2018. Significant As of As of Level 3 liabilities Valuation Technique Unobservable Significant Unobservable Contingent consideration Monte Carlo Simulation Expected volatility 37.6 % 36.9 % Contingent consideration Monte Carlo Simulation Discount Rate 16.0 % 16.0 % 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 recorded an impairment charge of approximately $ 2.7 3.8 (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 In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) We will adopt ASU 2016-02 on January 1, 2019. While the Company is not yet in a position to disclose the full impact of the application of the new standard, we expect that there will be an impact of recording the lease liabilities and the corresponding right-to-use assets on our total assets and liabilities 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 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 its initial minimum $ 5 35 1.6 1.5 in the normal course. (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. Amortization of content assets is recorded in the consolidated statements of operations as programming and technical expenses. 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). In accordance with ASC 926, 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 as of the beginning of the current period. Management regularly reviews, and revises when necessary, its total revenue estimates, which may result in a change in the rate of amortization and/or a write-down of the asset to fair value. 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 additional amortization expense as a result of evaluating its contracts for recoverability for the three months ended March 31, 2018 and 2017. All produced and licensed content is classified as a long-term asset, except for the portion of the unamortized content balance that is expected to be amortized within one year which is classified as a current asset. Tax incentives that 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.” 33.5 32.3 1.2 1.0 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 and only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s aggregate investment in TV One. The CEO was fully vested in the award upon execution of the employment agreement, and the award lapses if the CEO voluntarily leaves the Company, or is terminated for cause. The Compensation Committee of the Board of Directors of the Company has approved terms for a new employment agreement with the CEO, including a renewal of the Employment Agreement Award upon similar terms as in the prior employment agreement. While a new employment agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee. Related Party Transactions Reach Media operates the Tom Joyner Fantastic Voyage (the “Fantastic Voyage”), a fund raising 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 Reach Media 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 $ 1.7 660,000 1.1 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 March 31, 2018, the Foundation and Limited owed $ 8,000 8,000 26,000 4,000 On October 2, 2017, Karen Wishart began employment with the Company as an Executive Vice President. Ms. Wishart has taken the place of Linda Vilardo as Chief Administrative Officer effective after Ms. Vilardo's last day of employment, which was December 31, 2017. Effective January 1, 2018, Ms. Wishart became 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 owns a controlling interest in a temporary staffing and recruiting services firm. For the three months ended March 31, 2018 and March 31, 2017, the Company paid the staffing and recruiting services firm $ 22,000 85,000 425,000 and additional fees may be paid

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisitions and Dispositions Disclosures [Text Block]	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 certain operating costs of WGPR-FM, and in exchange we retain all revenues from the sale of the advertising within the programming we provide. The original term of the TBA was through December 31, 2014; however, in September 2014, we entered into an amendment to the TBA to extend the term of the TBA through December 31, 2019. Under the terms of the TBA, WGPR has also granted us certain rights of first negotiation and first refusal with respect to the sale of WGPR-FM by WGPR and with respect to any potential time brokerage agreement for WGPR-FM covering any time period subsequent to the term of the TBA. On January 30, 2017, the Company entered into an asset purchase agreement to sell certain land, towers and equipment to a third party for $ 25 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 and diversified its Richmond market presence. DC’s WMMJ MAJIC 102.3 FM programming is simulcast on WWXT 92.7 FM which is expected to grow its listenership. In Richmond, the Company diversified its all-music cluster and maintained the sports radio format of WXGI 950 AM and simulcast the new Richmond ESPN Radio on 1240 AM and 102.7 FM. Local marketing agreements for both stations were effective as of May 1, 2017 until the Company completed the acquisition of the stations on June 23, 2017, and total consideration paid was approximately $ 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 million payment at closing, with further potential earn-out payments of up to $ 5 5.0 22,000 1.2 4.6 1.4 322,000 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	3 Months Ended
	Mar. 31, 2018
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,” an interim indicator is present. Valuation of Broadcasting Licenses During the quarter ended March 31, 2018, the Company recorded a non-cash impairment charge of approximately $ 3.8 Valuation of Goodwill During the quarter ended March 31, 2018, the Company recorded a non-cash impairment charge of approximately $ 2.7 Goodwill Valuation Results Radio Reach Digital Cable Total (In thousands) Gross goodwill $ 154,910 $ 30,468 $ 27,567 $ 165,044 $ 377,989 Additions — — — — — Impairments (2,712) — — — (2,712) Accumulated impairment losses (84,436) (16,114) (14,545) — (115,095) Net goodwill at March 31, 2018 $ 67,762 $ 14,354 $ 13,022 $ 165,044 $ 260,182

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. LONG-TERM DEBT: March 31, 2018 December 31, 2017 (Unaudited) (In thousands) 2017 Credit Facility $ 346,500 $ 347,375 9.25% Senior Subordinated Notes due February 2020 264,000 275,000 7.375% Senior Secured Notes due April 2022 350,000 350,000 Comcast Note due April 2019 11,872 11,872 Total debt 972,372 984,247 Less: current portion of long-term debt 3,500 3,500 Less: original issue discount and issuance costs 12,851 13,581 Long-term debt, net $ 956,021 $ 967,166 2017 Credit Facilities On April 18, 2017, the Company closed on a 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 5.71% for 2018 and was 5.31% 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 previous 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 months ended March 31, 2018, the Company repaid $ 875,000 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 March 31, 2018, the Company was in compliance with all of its financial covenants under the 2017 Credit Facility. As of March 31, 2018, the Company had outstanding approximately $ 346.5 715,000 1.4 2022 Notes and 2015 Credit Facilities On April 17, 2015, the Company closed a private offering of $ 350.0 7.375 Prior to its repayment with the 2017 Credit Facility, concurrently with the closing of the 2020 Notes, the Company had entered into the 2015 Credit Facility. 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 rate plus 4.5% (as defined in the 2015 Credit Facility). The average interest rate was approximately 5.32% for 2017 and 5.13% for 2016. Quarterly installments of 0.25%, or $875,000, of the principal balance on the term were are payable on the last day of each March, June, September and December beginning on September 30, 2015. During the three months ended March 31, 2017, the Company repaid $875,000 under the 2015 Credit Facility. The 2015 Credit Facility was terminated on April 18, 2017. 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 certain TV One indebtedness, and finance the buyout of membership interests of Comcast in TV One and pay the related accrued interest, premiums, fees and expenses associated therewith. 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 (defined below). 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 (defined below) which is a general but senior unsecured obligation of the Company. On February 24, 2015, the Company entered into a letter of credit reimbursement and security agreement. As of March 31, 2018, the Company had letters of credit totaling $ 738,000 Senior Subordinated Notes On February 10, 2014, the Company closed a private placement offering of $ 335.0 9.25 9.25 15.5 12.7 11 97.375 239,000 20 93.625 1.2 20 96 690,000 264.0 275.0 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. 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. 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. Future Minimum Principal Payments Comcast Note 2017 9.25% Senior 7.375% Senior Total (In thousands) April – December 2018 $ — $ 2,625 $ — $ — $ 2,625 2019 11,872 3,500 — — 15,372 2020 — 3,500 264,000 — 267,500 2021 — 3,500 — — 3,500 2022 — 3,500 — 350,000 353,500 2023 and thereafter — 329,875 — — 329,875 Total Debt $ 11,872 $ 346,500 $ 264,000 $ 350,000 $ 972,372

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5. INCOME TAXES: On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “2017 Tax Act”). The 2017 Tax Act introduced significant changes to U.S. income tax law, most notably a reduction of the U.S. corporate income tax rate from 35 21 The Company recognized the income tax effects of the 2017 Tax Act in the financial statements included in its 2017 Annual Report on Form 10-K in accordance with Staff Accounting Bulletin No. 118, which provides SEC staff guidance for the application of ASC Topic 740, Income Taxes, in the reporting period in which the 2017 Tax Act was signed into law. During the three months ended March 31, 2018, the Company did not recognize any changes to the provisional amounts recorded in its 2017 Annual Report on Form 10-K in connection with the 2017 Tax Act as the Company is continuing to collect the information necessary to complete those calculations. The accounting for the tax effects of the 2017 Tax Act will be completed later in 2018. The Company uses the estimated annual effective tax rate method under ASC 740-270, “ Interim Reporting 12.8 9.7 (132.6) This tax rate is based on an estimated annual effective rate of ( 141.1 823,000 As of March 31, 2018, the Company continues to maintain a valuation allowance on certain of its deferred tax assets primarily related to net operating losses generated before January 1, 2018. In accordance with ASC 740, “ Accounting for Income Taxes The Company is subject to the continuous examination of our income tax returns by the IRS and other domestic and foreign tax authorities. We believe that an adequate provision has been made for any adjustments that may result from tax examinations. The Company does not currently anticipate that the total amounts of unrecognized tax benefits will significantly change within the next twelve months.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018, the Company’s most recent authorization with respect to its Class A and Class D common stock expired. Under open authorizations, repurchases may be made from time to time in the open market or in privately negotiated transactions in accordance with applicable laws and regulations. Shares are retired when repurchased. 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. When in effect, the 1,000,455 1.9 1.93 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 March 31, 2018, the Company executed a Stock Vest Tax Repurchase of 567,791 1.0 1.80 317,103 915,000 2.89 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 8,250,000 2,889,220 On October 26, 2015, the Compensation Committee (“Compensation Committee”) of the Board of Directors of the Company awarded David Kantor, Chief Executive Officer, Radio Division, 100,000 300,000 On August 7, 2017, the Compensation Committee awarded Catherine Hughes, Chairperson, 449,630 199,836 On August 7, 2017, the Compensation Committee awarded Catherine Hughes, Chairperson, 474,609 210,937 On August 7, 2017, the Compensation Committee awarded Alfred Liggins, Chief Executive Officer and President, 749,383 333,059 On August 7, 2017, the Compensation Committee awarded Alfred Liggins, Chief Executive Officer and President, 791,015 351,562 On August 7, 2017, the Compensation Committee awarded Peter Thompson, Chief Financial Officer, 256,579 114,035 On August 7, 2017, the Compensation Committee awarded Peter Thompson, Chief Financial Officer, 270,833 120,370 On August 7, 2017, the Compensation Committee awarded David Kantor, Chief Executive Officer, Radio Division, 50,000 50,000 Also on August 7, 2017, the Compensation Committee awarded 575,262 470,000 105,262 On October 2, 2017, Karen Wishart, our current Chief Administrative Officer, as part of her employment agreement, received an equity grant of 37,500 37,500 Pursuant to the terms of the Amended and Restated 2009 Stock Plan, and subject to the Company’s insider trading policy, a portion of each recipient’s vested shares may be sold in the open market for tax purposes on or about the vesting dates. Stock-based compensation expense for the three months ended March 31, 2018 and 2017, was approximately $ 1.4 133,000 The Company granted 732,869 did Number of Weighted-Average Weighted-Average Aggregate Outstanding at December 31, 2017 4,804,000 $ 1.89 4.90 $ 795,000 Grants 733,000 $ 1.81 Exercised — $ — Forfeited/cancelled/expired — $ — Balance as of March 31, 2018 5,537,000 $ 1.88 5.33 $ 1,786,587 Vested and expected to vest at March 31, 2018 5,413,000 $ 1.88 5.24 $ 1,765,845 Unvested at March 31, 2018 1,205,000 $ 1.86 9.46 $ 235,091 Exercisable at March 31, 2018 4,332,000 $ 1.86 4.18 $ 1,551,496 The aggregate intrinsic value in the table above represents the difference between the Company’s stock closing price on the last day of trading during the three months ended March 31, 2018, 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 March 31, 2018. This amount changes based on the fair market value of the Company’s stock. There were no options exercised during the three months ended March 31, 2018 and 2017. 717,902 As of March 31, 2018, approximately $ 1.1 11 1.27 The Company granted 1,665,404 did Shares Average Unvested at December 31, 2017 2,303,000 $ 1.94 Grants 1,665,000 $ 1.81 Vested (1,656,000) $ 1.90 Forfeited/cancelled/expired — $ — Unvested at March 31, 2018 2,312,000 $ 1.94 Restricted stock grants were and are included in the Company’s outstanding share numbers on the effective date of grant. As of March 31, 2018, approximately $ 3.4 10

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2018
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. 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 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 2018 2017 (Unaudited) (In thousands) Net Revenue: Radio Broadcasting $ 39,513 $ 39,737 Reach Media 6,520 7,663 Digital 8,146 5,506 Cable Television 46,186 48,554 Corporate/Eliminations* (744) (171) Consolidated $ 99,621 $ 101,289 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 27,241 $ 26,317 Reach Media 6,501 7,915 Digital 10,445 6,644 Cable Television 26,666 29,187 Corporate/Eliminations 6,609 6,461 Consolidated $ 77,462 $ 76,524 Depreciation and Amortization: Radio Broadcasting $ 870 $ 957 Reach Media 63 54 Digital 476 341 Cable Television 6,557 6,561 Corporate/Eliminations 322 399 Consolidated $ 8,288 $ 8,312 Impairment of Long-Lived Assets: Radio Broadcasting $ 6,556 $ — Reach Media — — Digital — — Cable Television — — Corporate/Eliminations — — Consolidated $ 6,556 $ — Operating income (loss): Radio Broadcasting $ 4,846 $ 12,463 Reach Media (44) (306 Digital (2,775) (1,479) Cable Television 12,963 12,806 Corporate/Eliminations (7,675) (7,031) Consolidated $ 7,315 $ 16,453 * Intercompany revenue included in net revenue above is as follows: Radio Broadcasting $ (744) $ (171) Capital expenditures by segment are as follows: Radio Broadcasting $ 417 $ 1,025 Reach Media 34 46 Digital 380 186 Cable Television 42 96 Corporate/Eliminations 41 106 Consolidated $ 914 $ 1,459 March 31, 2018 December 31, 2017 (Unaudited) (In thousands) Total Assets: Radio Broadcasting $ 732,149 $ 751,664 Reach Media 38,426 39,928 Digital 25,653 28,407 Cable Television 434,138 435,031 Corporate/Eliminations 75,192 61,725 Consolidated $ 1,305,558 $ 1,316,755

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
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 Broadcast Music, Inc. (“BMI”), the Society of European Stage Authors and Composers (“SESAC”) and, the American Society of Composers, Authors and Publishers (“ASCAP”). 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. While the RMLC continues to pursue resolution with BMI, the RMLC has advised operators to make payments to BMI as invoiced by BMI anticipating retroactive discount likely to be applied. In July 2017, the RMLC learned that the RMLC-Represented broadcasters were awarded a discount off of the SESAC license rate card. The fee reduction applies for the license period January 1, 2016 through December 31, 2018 and has retroactive application. The RMLC negotiated a new 5 2.4 1.7 We anticipate further extensions of this temporary license until an industry wide solution is put into effect. 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 March 31, 2018, the Company had letters of credit totaling $ 738,000 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. The noncontrolling interest shareholders of Reach Media did not exercise their Put Right for the 30-day period ending January 30, 2018. 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	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	9. SUBSEQUENT EVENTS: On May 1, 2018, the Company announced it signed a definitive agreement to sell the assets of one of its Detroit, Michigan, radio stations, WPZR-FM (102.7 FM), to Educational Media Foundation, of California, for total consideration of approximately $ 12.7 On May 7, 2018, the Company repurchased approximately $14 million of its 2020 Notes at an average price of approximately 95.125% of par.

ORGANIZATION AND SUMMARY OF S19

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	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 which is the largest radio broadcasting operation that primarily targets African-American and urban listeners. As of March 31, 2018, we owned and/or operated 56 broadcast stations located in 15 of the most populous African-American markets in the United States. While a core source of our revenue has historically been and remains the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate 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 Our core radio broadcasting franchise operates under the brand “Radio One.” We also operate 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 2017 Annual Report on Form 10-K.
Fair Value of Financial Instruments, Policy [Policy Text Block]	(c) Financial Instruments Financial instruments as of March 31, 2018, and December 31, 2017, consisted of cash and cash equivalents, restricted cash, trade accounts receivable, long-term debt and redeemable noncontrolling interests. The carrying amounts approximated fair value for each of these financial instruments as of March 31, 2018, and December 31, 2017, except for the Company’s outstanding senior subordinated notes and secured notes. The 9.25 264.0 275.0 255.4 257.8 7.375 350.0 346.5 348.3 350.0 346.5 343.3 347.4 340.4 11.9 11.9 11.9
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers Within our radio broadcasting and Reach Media segments, the Company recognizes revenue for broadcast advertising at a point in time spot runs. The 5.3 5.7 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 at a point in time TV One derives advertising revenue from the sale of television air time to advertisers and recognizes revenue when the advertisements are run. Advertising revenue is recognized at a point in time when the individual spots run. To the extent there is a shortfall in contracts where the ratings were guaranteed, a portion of the revenue is deferred until the shortfall is settled, typically by providing additional advertising units generally within one year of the original airing. TV One also derives revenue from affiliate fees under the terms of various multi-year affiliation agreements based on a per subscriber fee multiplied by the most recent subscriber counts reported by the applicable affiliate. The Company recognizes the affiliate fee revenue at a point in time as its performance obligation to provide the programming is met. The Company has a right of payment each month as the programming services and related obligations have been satisfied. 3.5 3.9 Revenue by Contract Type Three Months Ended 2018 2017 (Unaudited) Net Revenue: Radio Advertising $ 44,622 $ 46,187 Political Advertising 200 243 Digital Advertising 8,146 5,506 Cable Television Advertising 18,936 21,140 Cable Television Affiliate Fees 27,250 27,323 Event Revenues &; Other 467 890 Net Revenue (as reported) $ 99,621 $ 101,289 If economic conditions change, or other adverse factors outside our control arise, our operations could be negatively impacted. Contract assets and liabilities Contract assets (unbilled receivables) and contract liabilities (customer advances and unearned income and unearned event income) that are not separately stated in our consolidated balance sheets at March 31, 2018, December 31, 2017 and March 31, 2017 were as follows: March 31, 2018 December 31, 2017 March 31, 2017 (Unaudited) (Unaudited) (In thousands) Contract assets: Unbilled receivables $ 6,284 $ 4,850 $ 7,639 Contract liabilities: Customer advances and unearned income $ 4,516 $ 3,372 $ 3,712 Unearned event income 6,157 4,117 7,023 Unbilled receivables consists of earned revenue on behalf of customers that have not yet been billed. Customer advances and unearned income represents advance payments by customers for future services under contract that are generally incurred in the near term. Unearned event income represents payments by customers for upcoming events. For customer advances and unearned income as of January 1, 2018, approximately $ 1.5 Practical expedients and exemptions We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.
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. TV One did not pay any launch support for carriage initiation during the three months ended March 31, 2018 and 2017. The weighted-average amortization period for launch support is approximately 9.6 9.5 6.8 7.1 105,000 51,000
Advertising Barter Transactions, Policy [Policy Text Block]	Barter Transactions For barter transactions, the Company provides advertising time in exchange for programming content and certain services. The Company includes the value of such exchanges in both broadcasting net revenue and station operating expenses. The valuation of barter time is based upon the fair value of the network advertising time provided for the programming content and services received. For the three months ended March 31, 2018 and 2017, barter transaction revenues were $ 749,000 501,000 708,000 460,000 41,000 41,000
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 March 31, 2018 2017 (Unaudited) Numerator: Net loss attributable to common stockholders $ (22,555) $ (2,313) Denominator: Denominator for basic net loss per share – weighted-average outstanding shares 46,757,386 47,965,189 Effect of dilutive securities: Stock options and restricted stock - - Denominator for diluted net loss per share – weighted-average outstanding shares 46,757,386 47,965,189 Net loss attributable to common stockholders per share – basic and diluted $ (0.48) $ (0.05) Three Months Ended March 31, 2018 2017 (Unaudited) (In thousands) Stock options 5,537 3,600 Restricted stock awards 2,348 364
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 A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value instrument. Total Level 1 Level 2 Level 3 (Unaudited) (In thousands) As of March 31, 2018 Liabilities subject to fair value measurement: Contingent consideration (a) $ 2,915 — — $ 2,915 Employment agreement award (b) 33,515 — — 33,515 Total $ 36,430 $ — $ — $ 36,430 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 11,214 $ — $ — $ 11,214 As of December 31, 2017 Liabilities subject to fair value measurement: Contingent consideration (a) $ 1,580 — — $ 1,580 Employment agreement award (b) 32,323 — — 32,323 Total $ 33,903 $ — $ — $ 33,903 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 10,780 $ — $ — $ 10,780 (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% 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) , (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, 2017 $ 1,580 $ 32,323 $ 10,780 Net income attributable to noncontrolling interests — — 33 Distribution (195) — — Dividends paid to noncontrolling interests — — (801) Change in fair value 1,530 1,192 1,202 Balance at March 31, 2018 $ 2,915 $ 33,515 $ 11,214 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 $ (1,530) $ (1,192) $ — Losses included in earnings were recorded in the consolidated statements of operations as corporate selling, general and administrative expenses for the employment agreement award for the three months ended March 31, 2018 and 2017. Losses included in earnings were recorded in the consolidated statements of operations as selling, general and administrative expenses for contingent consideration for the three months ended March 31, 2018. Significant As of As of Level 3 liabilities Valuation Technique Unobservable Significant Unobservable Contingent consideration Monte Carlo Simulation Expected volatility 37.6 % 36.9 % Contingent consideration Monte Carlo Simulation Discount Rate 16.0 % 16.0 % 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 % 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 recorded an impairment charge of approximately $ 2.7 3.8
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 In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) We will adopt ASU 2016-02 on January 1, 2019. While the Company is not yet in a position to disclose the full impact of the application of the new standard, we expect that there will be an impact of recording the lease liabilities and the corresponding right-to-use assets on our total assets and liabilities 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 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 its initial minimum $ 5 35 1.6 1.5 in the normal course.
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. Amortization of content assets is recorded in the consolidated statements of operations as programming and technical expenses. 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). In accordance with ASC 926, 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 as of the beginning of the current period. Management regularly reviews, and revises when necessary, its total revenue estimates, which may result in a change in the rate of amortization and/or a write-down of the asset to fair value. 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 additional amortization expense as a result of evaluating its contracts for recoverability for the three months ended March 31, 2018 and 2017. All produced and licensed content is classified as a long-term asset, except for the portion of the unamortized content balance that is expected to be amortized within one year which is classified as a current asset. Tax incentives that 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.” 33.5 32.3 1.2 1.0 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 and only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to the Company’s aggregate investment in TV One. The CEO was fully vested in the award upon execution of the employment agreement, and the award lapses if the CEO voluntarily leaves the Company, or is terminated for cause. The Compensation Committee of the Board of Directors of the Company has approved terms for a new employment agreement with the CEO, including a renewal of the Employment Agreement Award upon similar terms as in the prior employment agreement. While a new employment agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee.
Related Party Transactions [Policy Text Block]	Related Party Transactions Reach Media operates the Tom Joyner Fantastic Voyage (the “Fantastic Voyage”), a fund raising 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 Reach Media 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 $ 1.7 660,000 1.1 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 March 31, 2018, the Foundation and Limited owed $ 8,000 8,000 26,000 4,000 On October 2, 2017, Karen Wishart began employment with the Company as an Executive Vice President. Ms. Wishart has taken the place of Linda Vilardo as Chief Administrative Officer effective after Ms. Vilardo's last day of employment, which was December 31, 2017. Effective January 1, 2018, Ms. Wishart became 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 owns a controlling interest in a temporary staffing and recruiting services firm. For the three months ended March 31, 2018 and March 31, 2017, the Company paid the staffing and recruiting services firm $ 22,000 85,000 425,000 and additional fees may be paid

ORGANIZATION AND SUMMARY OF S20

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Disaggregation of Revenue [Table Text Block]	The following chart shows our net revenue (and sources) for the three months ended March 31, 2018 and 2017: Three Months Ended 2018 2017 (Unaudited) Net Revenue: Radio Advertising $ 44,622 $ 46,187 Political Advertising 200 243 Digital Advertising 8,146 5,506 Cable Television Advertising 18,936 21,140 Cable Television Affiliate Fees 27,250 27,323 Event Revenues &; Other 467 890 Net Revenue (as reported) $ 99,621 $ 101,289
Contract with Customer, Asset and Liability [Table Text Block]	Contract assets (unbilled receivables) and contract liabilities (customer advances and unearned income and unearned event income) that are not separately stated in our consolidated balance sheets at March 31, 2018, December 31, 2017 and March 31, 2017 were as follows: March 31, 2018 December 31, 2017 March 31, 2017 (Unaudited) (Unaudited) (In thousands) Contract assets: Unbilled receivables $ 6,284 $ 4,850 $ 7,639 Contract liabilities: Customer advances and unearned income $ 4,516 $ 3,372 $ 3,712 Unearned event income 6,157 4,117 7,023
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 March 31, 2018 2017 (Unaudited) Numerator: Net loss attributable to common stockholders $ (22,555) $ (2,313) Denominator: Denominator for basic net loss per share – weighted-average outstanding shares 46,757,386 47,965,189 Effect of dilutive securities: Stock options and restricted stock - - Denominator for diluted net loss per share – weighted-average outstanding shares 46,757,386 47,965,189 Net loss attributable to common stockholders per share – basic and diluted $ (0.48) $ (0.05)
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 March 31, 2018 and 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 March 31, 2018 2017 (Unaudited) (In thousands) Stock options 5,537 3,600 Restricted stock awards 2,348 364
Fair Value, by Balance Sheet Grouping [Table Text Block]	As of March 31, 2018, and December 31, 2017, 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 March 31, 2018 Liabilities subject to fair value measurement: Contingent consideration (a) $ 2,915 — — $ 2,915 Employment agreement award (b) 33,515 — — 33,515 Total $ 36,430 $ — $ — $ 36,430 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 11,214 $ — $ — $ 11,214 As of December 31, 2017 Liabilities subject to fair value measurement: Contingent consideration (a) $ 1,580 — — $ 1,580 Employment agreement award (b) 32,323 — — 32,323 Total $ 33,903 $ — $ — $ 33,903 Mezzanine equity subject to fair value measurement: Redeemable noncontrolling interests (c) $ 10,780 $ — $ — $ 10,780 (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% 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) , (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 three months ended March 31, 2018. The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the three months ended March 31, 2018: Contingent Employment Redeemable (In thousands) Balance at December 31, 2017 $ 1,580 $ 32,323 $ 10,780 Net income attributable to noncontrolling interests — — 33 Distribution (195) — — Dividends paid to noncontrolling interests — — (801) Change in fair value 1,530 1,192 1,202 Balance at March 31, 2018 $ 2,915 $ 33,515 $ 11,214 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 $ (1,530) $ (1,192) $ —
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 employment agreement award for the three months ended March 31, 2018 and 2017. Losses included in earnings were recorded in the consolidated statements of operations as selling, general and administrative expenses for contingent consideration for the three months ended March 31, 2018. Significant As of As of Level 3 liabilities Valuation Technique Unobservable Significant Unobservable Contingent consideration Monte Carlo Simulation Expected volatility 37.6 % 36.9 % Contingent consideration Monte Carlo Simulation Discount Rate 16.0 % 16.0 % 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)	3 Months Ended
	Mar. 31, 2018
Goodwill and Radio Broadcasting Licenses [Abstract]
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 $ 154,910 $ 30,468 $ 27,567 $ 165,044 $ 377,989 Additions — — — — — Impairments (2,712) — — — (2,712) Accumulated impairment losses (84,436) (16,114) (14,545) — (115,095) Net goodwill at March 31, 2018 $ 67,762 $ 14,354 $ 13,022 $ 165,044 $ 260,182

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule Of Long Term Debt [Table Text Block]	Long-term debt consists of the following: March 31, 2018 December 31, 2017 (Unaudited) (In thousands) 2017 Credit Facility $ 346,500 $ 347,375 9.25% Senior Subordinated Notes due February 2020 264,000 275,000 7.375% Senior Secured Notes due April 2022 350,000 350,000 Comcast Note due April 2019 11,872 11,872 Total debt 972,372 984,247 Less: current portion of long-term debt 3,500 3,500 Less: original issue discount and issuance costs 12,851 13,581 Long-term debt, net $ 956,021 $ 967,166
Schedule of Maturities of Long-term Debt [Table Text Block]	Future scheduled minimum principal payments of debt as of March 31, 2018, are as follows: Comcast Note 2017 9.25% Senior 7.375% Senior Total (In thousands) April – December 2018 $ — $ 2,625 $ — $ — $ 2,625 2019 11,872 3,500 — — 15,372 2020 — 3,500 264,000 — 267,500 2021 — 3,500 — — 3,500 2022 — 3,500 — 350,000 353,500 2023 and thereafter — 329,875 — — 329,875 Total Debt $ 11,872 $ 346,500 $ 264,000 $ 350,000 $ 972,372

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Transactions and other information relating to stock options for the three months ended March 31, 2018, are summarized below: Number of Weighted-Average Weighted-Average Aggregate Outstanding at December 31, 2017 4,804,000 $ 1.89 4.90 $ 795,000 Grants 733,000 $ 1.81 Exercised — $ — Forfeited/cancelled/expired — $ — Balance as of March 31, 2018 5,537,000 $ 1.88 5.33 $ 1,786,587 Vested and expected to vest at March 31, 2018 5,413,000 $ 1.88 5.24 $ 1,765,845 Unvested at March 31, 2018 1,205,000 $ 1.86 9.46 $ 235,091 Exercisable at March 31, 2018 4,332,000 $ 1.86 4.18 $ 1,551,496
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Transactions and other information relating to restricted stock grants for the three months ended March 31, 2018, are summarized below: Shares Average Unvested at December 31, 2017 2,303,000 $ 1.94 Grants 1,665,000 $ 1.81 Vested (1,656,000) $ 1.90 Forfeited/cancelled/expired — $ — Unvested at March 31, 2018 2,312,000 $ 1.94

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Detailed segment data for the three months ended March 31, 2018 and 2017, is presented in the following tables: Three Months Ended 2018 2017 (Unaudited) (In thousands) Net Revenue: Radio Broadcasting $ 39,513 $ 39,737 Reach Media 6,520 7,663 Digital 8,146 5,506 Cable Television 46,186 48,554 Corporate/Eliminations* (744) (171) Consolidated $ 99,621 $ 101,289 Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): Radio Broadcasting $ 27,241 $ 26,317 Reach Media 6,501 7,915 Digital 10,445 6,644 Cable Television 26,666 29,187 Corporate/Eliminations 6,609 6,461 Consolidated $ 77,462 $ 76,524 Depreciation and Amortization: Radio Broadcasting $ 870 $ 957 Reach Media 63 54 Digital 476 341 Cable Television 6,557 6,561 Corporate/Eliminations 322 399 Consolidated $ 8,288 $ 8,312 Impairment of Long-Lived Assets: Radio Broadcasting $ 6,556 $ — Reach Media — — Digital — — Cable Television — — Corporate/Eliminations — — Consolidated $ 6,556 $ — Operating income (loss): Radio Broadcasting $ 4,846 $ 12,463 Reach Media (44) (306 Digital (2,775) (1,479) Cable Television 12,963 12,806 Corporate/Eliminations (7,675) (7,031) Consolidated $ 7,315 $ 16,453 * Intercompany revenue included in net revenue above is as follows: Radio Broadcasting $ (744) $ (171) Capital expenditures by segment are as follows: Radio Broadcasting $ 417 $ 1,025 Reach Media 34 46 Digital 380 186 Cable Television 42 96 Corporate/Eliminations 41 106 Consolidated $ 914 $ 1,459 March 31, 2018 December 31, 2017 (Unaudited) (In thousands) Total Assets: Radio Broadcasting $ 732,149 $ 751,664 Reach Media 38,426 39,928 Digital 25,653 28,407 Cable Television 434,138 435,031 Corporate/Eliminations 75,192 61,725 Consolidated $ 1,305,558 $ 1,316,755

ORGANIZATION AND SUMMARY OF S25

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net Revenue	$ 99,621	$ 101,289
Radio Advertising [Member]
Net Revenue	44,622	46,187
Political Advertising [Member]
Net Revenue	200	243
Digital Advertising [Member]
Net Revenue	8,146	5,506
Cable Television Advertising [Member]
Net Revenue	18,936	21,140
Cable Television Affiliate Fees [Member]
Net Revenue	27,250	27,323
Event Revenues and Other [Member]
Net Revenue	$ 467	$ 890

ORGANIZATION AND SUMMARY OF S26

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Contract assets:
Unbilled receivables	$ 6,284	$ 4,850	$ 7,639
Contract liabilities:
Customer advances and unearned income	4,516	3,372	3,712
Unearned event income	$ 6,157	$ 4,117	$ 7,023

ORGANIZATION AND SUMMARY OF S27

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator:
Net loss attributable to common stockholders	$ (22,555)	$ (2,313)
Denominator:
Denominator for basic net loss per share - weighted-average outstanding shares	46,757,386	47,965,189
Effect of dilutive securities:
Stock options and restricted stock (in shares)	0	0
Denominator for diluted net loss per share - weighted-average outstanding shares (in shares)	46,757,386	47,965,189
Net loss attributable to common stockholders per share - basic and diluted	$ (0.48)	$ (0.05)

ORGANIZATION AND SUMMARY OF S28

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,537	3,600
Restricted stock awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,348	364

ORGANIZATION AND SUMMARY OF S29

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) - USD ($) $ in Thousands		Mar. 31, 2018		Dec. 31, 2017
Liabilities subject to fair value measurement:
Contingent consideration		$ 2,915		$ 1,580
Total		36,430		33,903
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	11,214		10,780
Fair Value, Inputs, Level 1 [Member]
Liabilities subject to fair value measurement:
Contingent consideration		0		0
Total		0		0
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	0		0
Fair Value, Inputs, Level 2 [Member]
Liabilities subject to fair value measurement:
Contingent consideration		0		0
Total		0		0
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	0		0
Fair Value, Inputs, Level 3 [Member]
Liabilities subject to fair value measurement:
Contingent consideration		2,915		1,580
Total		36,430		33,903
Mezzanine equity subject to fair value measurement:
Redeemable noncontrolling interests	[1]	11,214	[2]	10,780
Employment Agreement Award [Member]
Liabilities subject to fair value measurement:
Contingent consideration		33,515		32,323
Employment agreement award	[3]	33,515		32,323
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]	$ 33,515		$ 32,323
[1]	The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.
[2]	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.
[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 S30

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 1,580
Balance, end of period	2,915
Contingent Consideration [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	1,580
Dividends paid to noncontrolling interests	0
Net income attributable to noncontrolling interests	0
Distribution	(195)
Change in fair value	1,530
Balance, end of period	2,915
The amount of total income (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	(1,530)
Employment Agreement Award [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	32,323
Dividends paid to noncontrolling interests	0
Net income attributable to noncontrolling interests	0
Distribution	0
Change in fair value	1,192
Balance, end of period	33,515
The amount of total income (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	(1,192)
Redeemable Noncontrolling Interests [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	10,780
Dividends paid to noncontrolling interests	(801)
Net income attributable to noncontrolling interests	33
Distribution	0
Change in fair value	1,202
Balance, end of period	11,214
The amount of total income (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 S31

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 6)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Contingent Consideration [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Assumptions, Expected Volatility Rate	37.60%	36.90%
Fair Value Inputs, Discount Rate	16.00%	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 S32

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Nov. 30, 2016	Apr. 10, 2015
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Cost of Goods and Services Sold, Total	$ 32,147,000	$ 31,897,000
Selling, General and Administrative Expense, Total	35,235,000	34,519,000
Reassessed Estimated Fair Value of Award	33,500,000		$ 32,300,000
Related Party Transaction, Due from (to) Related Party, Total	$ 660,000		1,100,000
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	$ 99,621,000	101,289,000
Operating Income (Loss)	7,315,000	16,453,000
Goodwill, Impairment Loss	2,712,000
Income on cost method investments	1,600,000	1,500,000
Customer Advances [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Revenues	1,500,000
Credit Facility 2017 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	346,500,000		347,400,000
Debt Instrument, Fair Value Disclosure			$ 340,400,000
Comcast Note [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	11,900,000
Debt Instrument, Fair Value Disclosure	$ 11,900,000
Debt Instrument, Interest Rate, Stated Percentage	10.47%
Debt Instrument, Face Amount	$ 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	1,200,000	1,000,000
Barter Transactions [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Advertising Barter Transactions, Advertising Barter Revenue	749,000	501,000
Cost of Goods and Services Sold, Total	708,000	460,000
Selling, General and Administrative Expense, Total	41,000	41,000
Radio broadcasting and Reach Media segments [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Sales Commissions and Fees	$ 5,300,000	5,700,000
Launch Support Assets [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Finite Lived Intangible Assets Weighted Average Amortization Period	9 years 7 months 6 days		9 years 6 months
Finite Lived Intangible Assets Remaining Weighted Average Amortization Period	6 years 9 months 18 days		7 years 1 month 6 days
Amortization of Intangible Assets	$ 105,000	51,000
Detroit Market Radio Broadcasting Licenses [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	3,800,000
Tom Joyner Foundation Inc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Related Party Transaction, Due from (to) Related Party, Total	8,000		$ 26,000
Tom Joyner Limited [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Related Party Transaction, Due from (to) Related Party, Total	8,000		4,000
Senior Subordinated Notes due February 2020 [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Long-term Debt, Gross	264,000,000		275,000,000
Debt Instrument, Fair Value Disclosure	$ 255,400,000		257,800,000
Debt Instrument, Interest Rate, Stated Percentage	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
Debt Instrument, Fair Value Disclosure	$ 346,500,000		348,300,000
Debt Instrument, Interest Rate, Stated Percentage	7.375%
Senior Secured Credit Facility [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Debt Instrument, Fair Value Disclosure	$ 343,300,000
Debt Instrument, Face Amount			$ 350,000,000
Long-term Debt, Fair Value	346,500,000
Tv One Llc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Sales Commissions and Fees	$ 3,500,000	$ 3,900,000
Reach Media Inc [Member]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	80.00%
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	Jun. 30, 2017	Mar. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Proceeds from Divestiture of Businesses	$ 2,000,000				$ 25,000,000
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Customer Relationship			$ 1,400,000
Sale Leaseback Transaction, Net Proceeds, Investing Activities		$ 25,000,000
Sale And Leaseback Transaction Gain		$ 22,500,000
Sale and Leaseback Transaction, Gain (Loss), Net						$ 14,400,000
Goodwill			4,600,000				$ 260,182,000	$ 262,894,000
Sale Leaseback Transaction, Deferred Gain, Net						$ 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			322,000
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Brand and Trade Names			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 BROADCASTI34

GOODWILL AND RADIO BROADCASTING LICENSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Apr. 28, 2017
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	$ 377,989
Additions	0
Impairments	(2,712)
Accumulated impairment losses	(115,095)
Net goodwill at March 31, 2018	260,182	$ 262,894	$ 4,600
Radio Broadcasting Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	154,910
Additions	0
Impairments	(2,712)
Accumulated impairment losses	(84,436)
Net goodwill at March 31, 2018	67,762
Reach Media Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	30,468
Additions	0
Impairments	0
Accumulated impairment losses	(16,114)
Net goodwill at March 31, 2018	14,354
Digital Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	27,567
Additions	0
Impairments	0
Accumulated impairment losses	(14,545)
Net goodwill at March 31, 2018	13,022
Cable Television Segment [Member]
Schedule of GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS [Line Items]
Gross goodwill	165,044
Additions	0
Impairments	0
Accumulated impairment losses	0
Net goodwill at March 31, 2018	$ 165,044

GOODWILL AND RADIO BROADCASTI35

GOODWILL AND RADIO BROADCASTING LICENSES (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss	$ 2,712
Charlotte Goodwill [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss	2,700
Radio Broadcasting Licenses [Member]
Schedule Of Goodwill, Radio Broadcasting Licenses And Other Intangible Assets [Line Items]
Impairment of Intangible Assets, Finite-lived	$ 3,800

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt	$ 972,372	$ 984,247
Less: current portion of long-term debt	3,500	3,500
Less: original issue discount and issuance costs	12,851	13,581
Long-term debt, net	956,021	967,166
2017 Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	346,500	347,375
9.25% Senior Subordinated Notes due February 2020 [Member]
Debt Instrument [Line Items]
Total debt	264,000	275,000
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	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
April - December 2018	$ 2,625
2,019	15,372
2,020	267,500
2,021	3,500
2,022	353,500
2023 and thereafter	329,875
Total Debt	972,372	$ 984,247
Comcast Note due April 2019 [Member]
Debt Instrument [Line Items]
April - December 2018	0
2,019	11,872
2,020	0
2,021	0
2,022	0
2023 and thereafter	0
Total Debt	11,872	11,872
2017 Credit Facility [Member]
Debt Instrument [Line Items]
April - December 2018	2,625
2,019	3,500
2,020	3,500
2,021	3,500
2,022	3,500
2023 and thereafter	329,875
Total Debt	346,500
9.25% Senior Subordinated Notes due February 2020 [Member]
Debt Instrument [Line Items]
April - December 2018	0
2,019	0
2,020	264,000
2,021	0
2,022	0
2023 and thereafter	0
Total Debt	264,000	275,000
7.375% Senior Secured Notes due April 2022 [Member]
Debt Instrument [Line Items]
April - December 2018	0
2,019	0
2,020	0
2,021	0
2,022	350,000
2023 and thereafter	0
Total Debt	$ 350,000	$ 350,000

LONG-TERM DEBT (Details Textual

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

Feb. 10, 2014

Apr. 18, 2017

Apr. 17, 2017

Apr. 21, 2016

Apr. 17, 2015

Mar. 31, 2018

Dec. 31, 2017

Dec. 31, 2017

Sep. 30, 2017

Mar. 31, 2017

Jun. 30, 2016

Dec. 31, 2017

Debt Instrument [Line Items]

Letters of Credit Outstanding, Amount

$ 738,000

Gains (Losses) on Extinguishment of Debt, Total

239,000

$ 0

Interest Expense, Total

19,281,000

20,346,000

Comcast Note [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

11,900,000

Long-term Debt, Gross

$ 11,900,000

Debt Instrument, Interest Rate, Stated Percentage

10.47%

Debt Financing Cost [Member]

Debt Instrument [Line Items]

Interest Expense, Total

$ 715,000

$ 1,400,000

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

$ 264,000,000

$ 275,000,000

$ 275,000,000

$ 275,000,000

Debt Instrument, Interest Rate, Stated Percentage

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, Periodic Payment

$ 15,500,000

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 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 rate plus 4.5% (as defined in the 2015 Credit Facility). The average interest rate was approximately 5.32% for 2017 and 5.13% for 2016. Quarterly installments of 0.25%, or $875,000, of the principal balance on the term were are payable on the last day of each March, June, September and December beginning on September 30, 2015. During the three months ended March 31, 2017, the Company repaid $875,000 under the 2015 Credit Facility. The 2015 Credit Facility was terminated on April 18, 2017.

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.

Repayments of Long-term Debt, Total

$ 875,000

Long-term Debt, Gross

346,500,000

347,400,000

347,400,000

347,400,000

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 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 5.71% for 2018 and was 5.31% 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 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.

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

12,700,000

Gains (Losses) on Extinguishment of Debt, Total

239,000

1,200,000

$ 690,000

Debt Instrument, Repurchase Amount

$ 11,000,000

$ 20,000,000

$ 20,000,000

$ 20,000,000

$ 20,000,000

Debt Instrument, Redemption Price, Percentage

97.375%

93.625%

96.00%

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)	$ 12,840,000	$ (112,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	$ (9,682,000)	$ (2,469,000)
Tax Rate Based On Estimated Annual Effective Rate	(141.10%)
Estimated Annual Discrete Tax Provision Adjustment	$ 823,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				35.00%
Effective Income Tax Rate Reconciliation, Percent	(132.60%)
Scenario, Plan [Member]
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - Employee Stock Option [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Grants	733,000
Number of Options, Exercised	0
Number of Option, Forfeited/cancelled/expired	0
Number of Options, Balance at End of Year	5,537,000	4,804,000
Number of Options, Vested and expected to vest	5,413,000
Number of Options, Unvested	1,205,000
Number of Options, Exercisable	4,332,000
Weighted-Average Exercise Price, Grants (in dollars per share)	$ 1.81
Weighted-Average Exercise Price, Exercised (in dollars per share)	0
Weighted-Average Exercise Price, Forfeited/cancelled/expired (in dollars per share)	0
Weighted-Average Exercise Price, Balance at End of Year (in dollars per share)	1.88	$ 1.89
Weighted-Average Exercise Price, Vested and expected to vest (in dollars per share)	1.88
Weighted-Average Exercise Price, Unvested (in dollars per share)	1.86
Weighted-Average Exercise Price, Exercisable (in dollars per share)	$ 1.86
Weighted-Average Remaining Contractual Term, Outstanding (in years)	5 years 3 months 29 days	4 years 10 months 24 days
Weighted-Average Remaining Contractual Term, Vested and expected to vest (in years)		5 years 2 months 26 days
Weighted-Average Remaining Contractual Term, Unvested (in years)		9 years 5 months 16 days
Weighted-Average Remaining Contractual Term, Exercisable (in years)		4 years 2 months 5 days
Aggregate Intrinsic Value, Outstanding	$ 1,786,587	$ 795,000
Aggregate Intrinsic Value, Vested and expected to vest	1,765,845
Aggregate Intrinsic Value, Unvested	235,091
Aggregate Intrinsic Value, Exercisable	$ 1,551,496

STOCKHOLDERS_ EQUITY (Details 1

STOCKHOLDERS’ EQUITY (Details 1) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Unvested at beginning of year | shares	2,303,000
Shares, Grants | shares	1,665,000
Shares, Vested | shares	(1,656,000)
Shares, Forfeited/cancelled/expired | shares	0
Shares, Unvested at end of year | shares	2,312,000
Average Fair Value at Grant Date, Unvested at beginning of year (in dollars per share) | $ / shares	$ 1.94
Average Fair Value at Grant Date, Grants (in dollars per share) | $ / shares	1.81
Average Fair Value at Grant Date, Vested (in dollars per share) | $ / shares	1.9
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	$ 1.94

STOCKHOLDERS_ EQUITY (Details T

STOCKHOLDERS’ EQUITY (Details Textual) - USD ($)	Oct. 02, 2017	Aug. 07, 2017	Oct. 26, 2015	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Value				$ 2,951,000
Share-based Compensation, Total				$ 1,376,000	$ 133,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares				717,902
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				$ 3,400,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition				10 months
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				1,665,404
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				733,000
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 Award, Tranche One [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 vested on January 5, 2018.
Chief Financial Officer [Member] | Share-based Compensation Award, Tranche Two [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 January 5, 2018, and vest on January 5, 2019.
Chairperson [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights				The grants were effective August 7, 2017, and vested on January 5, 2018.
Chairperson [Member] | Share-based Compensation Award, Tranche Two [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 January 5, 2018, and vest on January 5, 2019.
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.
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options				$ 1,100,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition				11 months
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		575,262
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 1.27
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 Award, Tranche One [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 vested on January 5, 2018.
Chief Executive Officer and President [Member] | Share-based Compensation Award, Tranche Two [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 January 5, 2018, and vest on January 5, 2019.
Common Class D [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares				1,000,455
Stock Repurchased During Period, Value				$ 1,900,000
Repurchase Of Common Stock Price Per Share				$ 1.93
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant				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				2,889,220
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				567,791	317,103
Stock Repurchased During Period, Value				$ 1,000,000	$ 915,000
Repurchase Of Common Stock Price Per Share				$ 1.80	$ 2.89
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
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
Common Class D [Member] | Chief Financial Officer [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [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] | Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		270,833
Common Class D [Member] | Chief Financial Officer [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross		114,035
Common Class D [Member] | Chief Financial Officer [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche Two [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		120,370
Common Class D [Member] | Chief Administrative Officer [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	37,500
Stock Issued During Period, Shares, Issued for Services	37,500
Common Class D [Member] | Cathy Hughes [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross			100,000
Common Class D [Member] | Cathy Hughes [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross			300,000
Common Class D [Member] | Chairperson [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [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] | Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		474,609
Common Class D [Member] | Chairperson [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross		199,836
Common Class D [Member] | Chairperson [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche Two [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		210,937
Common Class D [Member] | Chief Executive Officer and President [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [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] | Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		791,015
Common Class D [Member] | Chief Executive Officer and President [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross		333,059
Common Class D [Member] | Chief Executive Officer and President [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche Two [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		351,562

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
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	$ 2,400,000	$ 1,700,000
Standby Letters Of Credit [Member]
Commitments and Contingencies Disclosure [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 738,000

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net Revenue:		$ 99,621	$ 101,289
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):		77,462	76,524
Depreciation and Amortization:		8,288	8,312
Impairment of Long-Lived Assets:		6,556	0
Operating income (loss):		7,315	16,453
Payments to Acquire Productive Assets		914	1,459
Total Assets:		1,305,558		$ 1,316,755
Radio Broadcasting
Segment Reporting Information [Line Items]
Net Revenue:		39,513	39,737
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):		27,241	26,317
Depreciation and Amortization:		870	957
Impairment of Long-Lived Assets:		6,556	0
Operating income (loss):		4,846	12,463
Payments to Acquire Productive Assets		417	1,025
Total Assets:		732,149		751,664
Radio Broadcasting | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Revenue:		(744)	(171)
Reach Media
Segment Reporting Information [Line Items]
Net Revenue:		6,520	7,663
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):		6,501	7,915
Depreciation and Amortization:		63	54
Impairment of Long-Lived Assets:		0	0
Operating income (loss):		(44)	(306)
Payments to Acquire Productive Assets		34	46
Total Assets:		38,426		39,928
Digital
Segment Reporting Information [Line Items]
Net Revenue:		8,146	5,506
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):		10,445	6,644
Depreciation and Amortization:		476	341
Impairment of Long-Lived Assets:		0	0
Operating income (loss):		(2,775)	(1,479)
Payments to Acquire Productive Assets		380	186
Total Assets:		25,653		28,407
Cable Television
Segment Reporting Information [Line Items]
Net Revenue:		46,186	48,554
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):		26,666	29,187
Depreciation and Amortization:		6,557	6,561
Impairment of Long-Lived Assets:		0	0
Operating income (loss):		12,963	12,806
Payments to Acquire Productive Assets		42	96
Total Assets:		434,138		435,031
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net Revenue:	[1]	(744)	(171)
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):		6,609	6,461
Depreciation and Amortization:		322	399
Impairment of Long-Lived Assets:		0	0
Operating income (loss):		(7,675)	(7,031)
Payments to Acquire Productive Assets		41	$ 106
Total Assets:		$ 75,192		$ 61,725
[1]	Intercompany revenue included in net revenue above is as follows:

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member] - USD ($) $ in Millions	May 07, 2018	May 01, 2018
Subsequent Event [Line Items]
Debt Instrument, Repurchase Amount	$ 14
Debt Instrument, Redemption Price, Percentage	95.125%
Business Combination, Consideration Transferred		$ 12.7