Audacy (AUDAQ) 10-Q 5 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 24, 2015
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	Entercom Communications Corp.
Entity Central Index Key	1067837
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Well Known Seasoned Issuer	No
Trading Symbol	ETM
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock Shares Outstanding		32,404,168
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock Shares Outstanding		7,197,532

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets Abstract
Cash	$46,580	$31,540
Accounts receivable, net of allowance for doubtful accounts	58,779	70,249
Prepaid expenses, deposits and other	7,423	5,937
Prepaid and refundable federal and state income taxes	30	30
Deferred tax assets	2,248	2,248
Total current assets	115,060	110,004
Net property and equipment	44,955	44,662
Radio broadcasting licenses	718,992	718,992
Goodwill	38,850	38,850
Assets held for sale	868	868
Deferred charges and other assets, net of accumulated amortization	12,166	13,239
TOTAL ASSETS	930,891	926,615
Liabilities Abstract
Accounts payable	214	324
Accrued expenses	14,213	13,938
Accrued compensation and other current liabilities	18,823	13,499
Financing method lease obligations, current portion	0	0
Long-term debt, current portion	31,260	3,000
Total current liabilities	64,510	30,761
Long-term debt, net of current portion	448,001	476,929
Deferred tax liabilities	63,531	63,470
Other long-term liabilities	26,117	26,434
Total long-term liabilities	537,649	566,833
Total liabilities	602,159	597,594
CONTINGENCIES AND COMMITMENTS
SHAREHOLDERS' EQUITY:
Preferred stock	0	0
Common stock	396	391
Additional paid-in capital	608,314	608,515
Accumulated deficit	-279,978	-279,885
Accumulated other comprehensive income (loss)	0	0
Total shareholders' equity	328,732	329,021
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$930,891	$926,615

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Class of Stock [Line Items]
Common Stock, Value	$396	$391

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement Abstract
NET REVENUES	$78,420	$78,235
OPERATING EXPENSE:
Station operating expenses, including non-cash compensation expense	59,367	57,961
Depreciation and amortization expense	1,955	1,974
Corporate general and administrative expenses, including non-cash compensation expense	6,279	6,416
Impairment loss	0	0
Merger and acquisition costs	1,723	0
Net time brokerage agreement (income) fees	0	0
Net (gain) loss on sale or disposal of assets	-157	-40
Total operating expense	69,167	66,311
OPERATING INCOME (LOSS)	9,253	11,924
OTHER (INCOME) EXPENSE:
Net interest expense	9,279	9,903
Net (gain) loss on extinguishment of debt	0	0
Net (gain) loss on derivative instruments	0	0
Net (gain) loss on investments	0	0
Other income	0	-55
TOTAL OTHER EXPENSE	9,279	9,848
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT)	-26	2,076
INCOME TAXES (BENEFIT)	67	713
NET INCOME (LOSS)	($93)	$1,363
NET INCOME (LOSS) PER SHARE - BASIC	$0	$0.04
NET INCOME (LOSS) PER SHARE - DILUTED	$0	$0.04
WEIGHTED AVERAGE SHARES:
Basic	38,026,469	37,660,123
Diluted	38,026,469	38,501,319

CONSOLIDATED_STATEMENTS_OF_SHA

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)	Total	Common Class A [Member]	Common Class B [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]
In Thousands, except Share data
Opening Balance VALUE at Dec. 31, 2013	$298,393	$313	$72	$604,721	($306,713)
Opening Balance SHARES at Dec. 31, 2013		31,308,194	7,197,532
Compensation expense related to granting of restricted stock awards SHARES		638,102	0
Exercise of stock options SHARES		57,500	0
Purchase of vested employee restricted stock units SHARES		-141,502	0
Net income (loss)	26,823				26,823
Compensation expense related to granting of restricted stock awards VALUE	5,232	7	0	5,225	0
Purchase of vested employee restricted stock units	-1,514	-1	0	-1,513	0
Forfeitures of dividend equivalents VALUE	5	0	0	0	5
Realization of tax benefit for dividend equivalent payments VALUE	82	0	0	82	0
Ending Balance VALUE at Dec. 31, 2014	329,021	319	72	608,515	-279,885
Ending Balance SHARES at Dec. 31, 2014		31,862,294	7,197,532
Compensation expense related to granting of stock options SHARES	0
Compensation expense related to granting of restricted stock awards SHARES		632,102	0
Common stock repurchase SHARES		8,750	0
Exercise of stock options SHARES	8,750
Purchase of vested employee restricted stock units SHARES		-113,234	0
Net income (loss)	-93				-93
Compensation expense related to granting of restricted stock awards VALUE	1,111	6	0	1,105	0
Purchase of vested employee restricted stock units	-1,338	-1	0	-1,337	0
Realization of tax benefit for dividend equivalent payments VALUE	31	0	0	31	0
Ending Balance VALUE at Mar. 31, 2015	$328,732	$324	$72	$608,314	($279,978)
Ending Balance SHARES at Mar. 31, 2015		32,389,912	7,197,532

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES:
Net income (loss)	($93)	$1,363
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	1,955	1,974
Amortization of deferred financing costs	789	1,160
Net deferred taxes (benefit) and other	67	713
Tax benefit on exercise of options	0	0
Provision for bad debts	274	299
Net (gain) loss on sale or disposal of assets	-157	-37
Non-cash stock-based compensation expense	1,111	1,208
Net (gain) loss on investments	0	0
Net (gain) loss on derivatives	0	0
Deferred rent	160	238
Unearned revenue - long-term	0	-21
Net (gain) loss on extinguishment of debt	0	0
Deferred compensation	480	400
Tax benefit for vesting of restricted stock unit awards	0	0
Impairment loss	0	0
Net accretion expense for asset retirement obligations	4	6
Other income	0	-55
Changes in assets and liabilities:
Accounts receivable	11,196	10,751
Prepaid expenses and deposits	-1,487	-2,434
Prepaid and refundable income taxes	0	0
Accounts payable and accrued liabilities	78	264
Accrued interest expense	5,758	5,673
Accrued liabilities - long-term	-913	-661
Prepaid expenses - long-term	116	200
Net cash provided by (used in) operating activities	19,338	21,041
INVESTING ACTIVITIES:
Additions to property and equipment	-1,994	-1,633
Proceeds from sale of property, equipment, intangibles and other assets	7	15
Purchases of radio station assets	0	0
Deferred charges and other assets	-254	-415
Purchases of investments	0	0
Proceeds from investments and capital projects	0	55
Proceeds from termination of radio station contract	0	0
Proceeds from insurance recovery	0	0
Station acquisition deposits and costs	0	0
Net cash provided by (used in) investing activities	-2,241	-1,978
FINANCING ACTIVITIES:
Deferred financing expenses related to bank facility amendment	0	0
Proceeds from issuance of long-term debt	0	2,500
Proceeds from the financing method of lease obligations	0	0
Payments of long-term debt	-750	-27,000
Net proceeds from the senior unsecured notes	0	0
Retirement of senior subordinated notes	0	0
Purchase of the Company's common stock	0	0
Proceeds from issuance of employee stock plan	0	0
Proceeds from the exercise of stock options	31	26
Purchase of vested employee restricted stock units	-1,338	-890
Realization of tax benefits for payment of dividend equivalents	0	0
Payment of dividend equivalents on vested restricted stock units	0	0
Payment of dividends	0	0
Net cash provided by (used in) financing activities	-2,057	-25,364
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	15,040	-6,301
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	31,540	12,231
CASH AND CASH EQUIVALENTS, END OF PERIOD	46,580	5,930
Cash paid during the period for:
Interest	2,861	3,070
Income taxes	16	1
Dividends	$0	$0

BASIS_OF_PRESENTATION_AND_ORGA

BASIS OF PRESENTATION AND ORGANIZATION (Block)	3 Months Ended
	Mar. 31, 2015
Organization Consolidation And Presentation Of Financial Statements Abstract
Business Description And Basis Of Presentation Text Block	1. BASIS OF PRESENTATION AND SIGNIFICANT POLICIES
	The condensed consolidated interim unaudited financial statements included herein have been prepared by Entercom Communications Corp. and its subsidiaries (collectively, the “Company”) in accordance with: (i) generally accepted accounting principles (“U.S. GAAP”) for interim financial information; and (ii) the instructions of the Securities and Exchange Commission (the “SEC”) for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, the financial statements reflect all adjustments considered necessary for a fair statement of the results of operations and financial position for the interim periods presented. All such adjustments are of a normal and recurring nature. The Company’s results are subject to seasonal fluctuations and, therefore, the results shown on an interim basis are not necessarily indicative of results for a full year.
	This Form 10-Q should be read in conjunction with the financial statements and related notes included in the Company’s audited financial statements as of and for the year ended December 31, 2014 and filed with the SEC on March 2, 2015, as part of the Company’s Annual Report on Form 10-K. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations.
	There have been no material changes from Note 2, Significant Accounting Policies, as described in the notes to the Company’s financial statements contained in its Form 10-K for the year ended December 31, 2014 that was filed with the SEC on March 2, 2015.
	Recent Accounting Pronouncements
	All new accounting pronouncements that are in effect that may impact the Company’s financial statements have been implemented. The Company does not believe that there are any other new accounting pronouncements that have been issued, other than a few of those listed below or those included in the notes to the Company’s financial statements contained in its Form 10-K for the year ended December 31, 2014 that was filed with the SEC on March 2, 2015, that might have a material impact on the Company’s financial position, results of operations or cash flows.
	Fees Paid In A Cloud Computing Arrangement
	In April 2015, the accounting guidance was revised to identify when a cloud computing service includes a software license that is to be capitalized and treated consistently with the acquisition of other software licenses. This guidance is effective for the Company as of January 1, 2016. The Company is currently evaluating this guidance, but does not anticipate it will have a material impact on its financial statements.
	Debt Issuance Costs
	In April 2015, the accounting guidance was amended to modify the presentation of debt issuance costs on the balance sheet by requiring that all costs, including incremental third party costs, be reflected as an offset to the associated debt liability rather than as a deferred charge. This guidance is effective for the Company as of January 1, 2016. The impact of this guidance to the Company will be for balance sheet presentation purposes only and will have no impact on the Company’s results of operations, cash flows or financial condition.
	Consolidation
	In February 2015, the accounting guidance for consolidation was amended that revises the analysis and reduces the need to consolidate certain entities. This guidance is effective for the Company as of January 1, 2016. The Company does not anticipate that this accounting guidance will have any material effect on the Company’s results of operations, cash flows or financial condition.

INTANGIBLE_ASSETS_AND_GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Block)	3 Months Ended
	Mar. 31, 2015
Goodwil And Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets Disclosure Text Block	2. INTANGIBLE ASSETS AND GOODWILL
	Goodwill and certain intangible assets are not amortized for book purposes, however, they may be amortized for tax purposes. The Company accounts for its acquired broadcasting licenses as indefinite-lived intangible assets and, similar to goodwill, these assets are reviewed at least annually for impairment. At the time of each review, if the fair value is less than the carrying value of goodwill and certain intangibles (such as broadcasting licenses), then a charge is recorded to the results of operations.
	There was no change in the carrying value of broadcasting licenses or goodwill since the year ended December 31, 2014.
	Broadcasting Licenses Impairment Test
	The Company performs its annual broadcasting license impairment test during the second quarter of each year by evaluating its broadcasting licenses for impairment at the market level using the direct method.
	There were no events or circumstances since the Company’s prior year second quarter annual broadcasting licenses test that required the Company to re-test the carrying value of its broadcasting licenses.
	Goodwill Impairment Test
	The Company performs its annual goodwill impairment test during the second quarter of each year by assessing goodwill in each of the Company’s markets after determining that a radio market is a reporting unit.
	There were no events or circumstances since the Company’s prior year second quarter annual goodwill test that required the Company to re-test the carrying value of its goodwill.
	Interim Testing
	If actual market conditions are less favorable than those projected by the industry or the Company, or if events occur or circumstances change that would reduce the fair value of the Company’s intangibles below the amount reflected in the balance sheet, then the Company may be required to conduct an interim test and possibly recognize impairment charges, which could be material, in future periods.

OTHER_CURRENT_LIABILITIES_Bloc

OTHER CURRENT LIABILITIES (Block)	3 Months Ended
	Mar. 31, 2015
Other Liabilities Current Abstract
Accounts Payable Accrued Liabilities And Other Liabilities Disclosure Current Text Block	3. OTHER CURRENT LIABILITIES
	Other current liabilities consist of the following as of the periods indicated:
		Other Current Liabilities
		March 31,		December 31,
		2015		2014
		(amounts in thousands)
	Accrued compensation	$	4,852	$	5,783
	Accounts receivable credits		2,997		2,398
	Advertiser obligations		1,090		928
	Accrued interest payable		8,535		2,777
	Other		1,349		1,613
	Total other current liabilities	$	18,823	$	13,499

LONGTERM_DEBT_Block

LONG-TERM DEBT (Block)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure Text Block	4. LONG-TERM DEBT
	(A) Senior Debt
	The Credit Facility
	As of March 31, 2015, the amount outstanding under the term loan component (the “Term B Loan”) of the Company’s senior secured credit facility (the “Credit Facility”) was $261.3 million and no amount was outstanding under the revolving credit facility component (the “Revolver”) of the Credit Facility. The maximum available amount under the Revolver, which includes the impact of outstanding letters of credit, was $49.4 million as of March 31, 2015. The amount of the Revolver actually available to the Company is a function of covenant compliance at the time of borrowing.
	On November 23, 2011, the Company entered into a credit agreement with a syndicate of lenders for a $425 million Credit Facility that was initially comprised of: (a) a $50 million Revolver that matures on November 23, 2016; and (b) a $375 million Term B Loan that matures on November 23, 2018.
	The Term B Loan requires mandatory prepayments equal to 50% of Excess Cash Flow, as defined within the agreement, subject to incremental step-downs depending on the Consolidated Leverage Ratio. The Excess Cash Flow payment is due in the first quarter of each year for the prior year. An estimate of this payment that is due next year, net of any prepayments made through March 31, 2015, is included under the current portion of long-term debt. The Company expects to fund the payment using cash from operating activities.
	As of March 31, 2015, the Company is in compliance with all financial covenants and all other terms of the Credit Facility in all material respects. The Company’s ability to maintain compliance with its covenants is highly dependent on its results of operations. Management believes that over the next 12 months the Company can continue to maintain compliance. The Company’s operating cash flow is positive, and management believes that it is adequate to fund the Company’s operating needs. The Company has not been required to rely upon, and the Company does not anticipate being required to rely upon, the Revolver to fund its operations. Management believes that cash on hand and cash from operating activities, together with available borrowings under the Revolver, will be sufficient to permit the Company to meet its liquidity requirements over the next 12 months, including its debt repayments.
	Failure to comply with the Company’s financial covenants or other terms of its Credit Facility and any subsequent failure to negotiate and obtain any required relief from its lenders could result in a default under the Company’s Credit Facility. Any event of default could have a material adverse effect on the Company’s business and financial condition. In addition, a default under either the Company’s Credit Facility or the indenture governing the Company’s 10.5% senior unsecured notes (the “Senior Notes”) could cause a cross default in the other and result in the acceleration of the maturity of all outstanding debt. The acceleration of the Company’s debt could have a material adverse effect on its business. The Company may seek from time to time to amend its Credit Facility or obtain other funding or additional funding, which may result in higher interest rates on its debt.
	As of March 31, 2015, the Company’s Consolidated Leverage Ratio was 4.5 times versus a covenant limit of 5.25 times and the Consolidated Interest Coverage Ratio was 2.9 times versus a covenant minimum of 1.75 times. These covenants become more restrictive over time.
	(B) Senior Unsecured Debt
	The Senior Notes
	Simultaneously with entering into the Credit Facility on November 23, 2011, the Company issued $220.0 million of 10.5% unsecured Senior Notes which mature on December 1, 2019. The Company received net proceeds of $212.7 million, which included a discount of $2.9 million, and incurred deferred financing costs of $6.1 million. These amounts are amortized over the term under the effective interest rate method. Interest on the Senior Notes is payable semi-annually in arrears on June 1 and December 1 of each year.
	(C) Net Interest Expense
	The components of net interest expense are as follows:
		Net Interest Expense
		Three Months Ended
		March 31,
		2015		2014
		(amounts in thousands)
	Interest expense	$	8,490	$	8,743
	Amortization of deferred financing costs		707		1,087
	Amortization of original issue discount of senior notes		82		73
	Total net interest expense	$	9,279	$	9,903

SHAREBASED_COMPENSATION_Block

SHARE-BASED COMPENSATION (Block)	3 Months Ended
	Mar. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Disclosure Of Compensation Related Costs Share Based Payments Text Block	5. SHARE-BASED COMPENSATION
	Under the Entercom Equity Compensation Plan (the “Plan”), the Company is authorized to issue share-based compensation awards to key employees, directors and consultants.
	Restricted Stock Units (“RSUs”) Activity
	The following is a summary of the changes in RSUs under the Plan during the current period:
					Number					Weighted		Aggregate
					Of		Weighted			Average		Intrinsic
					Restricted		Average			Remaining		Value As Of
					Stock		Purchase			Contractual		March 31,
		Period Ended			Units		Price			Term (Years)		2015
	RSUs outstanding as of:	31-Dec-14			1,258,685
	RSUs awarded				645,601
	RSUs released				-336,229
	RSUs forfeited				-13,499
	RSUs outstanding as of:	31-Mar-15			1,554,558		$	-		1.7		$	18,887,880
	RSUs vested and expected
	to vest as of:	31-Mar-15			1,414,787		$	-		1.6		$	16,161,731
	RSUs exercisable (vested and
	deferred) as of:	31-Mar-15			84,603		$	-		-		$	1,027,926
	Weighted average remaining
	recognition period in years				2.4
	Unamortized compensation
	expense, net of estimated
	forfeitures			$	10,435,775
	RSUs With Service And Market Conditions
	During the first quarters of 2015 and 2014, the Company issued RSUs with service and market conditions that are included in the above table. These shares vest if: (1) the Company’s stock achieves certain shareholder performance targets over a defined measurement period; and (2) the employee fulfills a minimum service period. The compensation expense is recognized even if the market conditions are not satisfied and are only reversed in the event the service period is not met, as all of the conditions need to be satisfied. These RSUs, which are included in the RSU activity table, are amortized over the longest of the explicit, implicit or derived service periods, which is one to two years.
	The following table presents the changes in outstanding RSUs with market conditions:
				Three Months			Year
				Ended			Ended
				March 31,			December 31,
				2015			2014
				(amounts in thousands, except per share data)
	Reconciliation Of RSUs With Market Conditions
		Beginning of period balance			290			-
		Number of RSUs granted			165			290
		Number of RSUs forfeited			-			-
		Number of RSUs vested			-193			-
		End of period balance			262			290
		Average fair value of RSUs issued with market
		conditions		$	8.39		$	6.9
	The fair value of RSUs with service conditions is estimated using the Company’s stock price on the date of the grant. To determine the fair value of RSUs with service and market conditions, the Company used the Monte Carlo simulation lattice model. The Company’s determination of the fair value was based on the number of shares granted, the Company’s stock price on the date of grant and certain assumptions regarding a number of highly complex and subjective variables. If other reasonable assumptions were used, the results could differ.
	The specific assumptions used for this valuation are as follows:
		Three Months Ended
		March 31,		March 31,
		2015		2014
	Expected Volatility Structure (1)	34% to 39%		39% to 51%
	Risk Free Interest Rate (2)	0.1% to 1.1%		0.1% to 0.4%
	Dividend Yield (3)	0.00%		0.00%
	Expected Volatility Term Structure - The Company estimated the volatility term structure using: (1) the historical volatility of its stock; and (2) the implied volatility provided by its traded options from a trailing month’s average of the closing bid-ask price quotes.
	Risk-Free Interest Rate - The Company estimated the risk-free interest rate based upon the implied yield available on U.S. Treasury issues using the Treasury bond rate as of the date of grant.
	Dividend Yield - The Company calculated the dividend yield at the time of grant based upon the Company’s most recent history of not paying a dividend on its common stock.
	RSUs With Performance Conditions
	In addition to the RSUs included in the table above summarizing the changes in RSUs under the Plan, the Company issued eleven thousand RSUs during 2014 with performance conditions at an average fair market value of $9.60 per share. As of March 31, 2015, three thousand RSUs expired unvested.
	Vesting of performance-based awards, if any, will be dependent upon the achievement of certain performance targets. If the performance standards are not achieved, all unvested shares will expire and any accrued expense will be reversed. The Company determines the requisite service period on a case-by-case basis to determine the expense recognition period for non-vested performance based RSUs. The fair value is determined based upon the closing price of the Company’s common stock on the date of grant.
	The Company applies a quarterly probability assessment in computing its non-cash compensation expense and any change in the estimate is reflected as a cumulative adjustment to expense in the quarter of the change.
	As of March 31, 2015, no non-cash compensation expense was accrued and no performance RSUs vested.
	Option Activity
	The following table provides summary information related to the exercise of stock options:
			Three Months Ended March 31,
	Option Exercise Data		2015			2014
			(amounts in thousands)
	Intrinsic value of options exercised		$	72		$	135
	Tax benefit from options exercised (1)		$	27		$	51
	Cash received from exercise price of options exercised		$	31		$	26
	Amount excludes impact from suspended income tax benefits and/or valuation allowances.
Amount excludes impact from suspended income tax benefits and/or valuation allowances.
The following table presents the option activity during the current period under the Plan:
									Weighted		Intrinsic
						Weighted			Average		Value
						Average			Remaining		As Of
			Number Of			Exercise			Contractual		March 31,
	Period Ended		Options			Price			Term (Years)		2015
Options outstanding as of:	31-Dec-14			486,675		$	2.11
Options granted				-			-
Options exercised				-8,750			3.6
Options forfeited				-			-
Options expired				-1,000			33.9
Options outstanding as of:	31-Mar-15			476,925		$	2.02		3.9		$	4,830,724
Options vested and expected to vest as of:	31-Mar-15			476,670		$	2.02		3.9		$	4,829,850
Options vested and exercisable as of:	31-Mar-15			473,175		$	1.97		3.9		$	4,817,862
Weighted average remaining
recognition period in years				2.4
Unamortized compensation expense,
net of estimated forfeitures			$	15,338
The following table summarizes significant ranges of outstanding and exercisable options as of the current period:
						Options Outstanding							Options Exercisable
						Number Of		Weighted					Number Of
						Options		Average		Weighted			Options	Weighted
Range Of						Outstanding		Remaining		Average			Exercisable	Average
Exercise Prices						March 31,		Contractual		Exercise			March 31,	Exercise
From			To			2015		Life		Price			2015	Price
$	1.34		$	1.34		436,925		3.9		$	1.34		436,925	$	1.34
$	2.02		$	11.78		40,000		4		$	9.46		36,250	$	9.54
$	1.34		$	11.78		476,925		3.9		$	2.02		473,175	$	1.97
Recognized Non-Cash Stock-Based Compensation Expense
The following non-cash stock-based compensation expense, which is comprised primarily of RSUs, is included in each of the respective line items in our statement of operations:
		Three Months Ended
		March 31,
		2015			2014
			(amounts in thousands)
Station operating expenses		$	177		$	135
Corporate general and administrative expenses			934			1,073
Stock-based compensation expense included in operating expenses			1,111			1,208
Income tax benefit (1)			413			353
Net stock-based compensation expense		$	698		$	855

NET_INCOME_LOSS_PER_COMMON_SHA

NET INCOME (LOSS) PER COMMON SHARE (Block)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share Abstract
Earnings Per Share Text Block	6. NET INCOME (LOSS) PER COMMON SHARE
	The following table presents the computations of basic and diluted net income (loss) per share:
		Three Months Ended
		31-Mar-15							31-Mar-14
		(amounts in thousands, except share and per share data)
						Net Income						Net Income
		Net Income				(Loss)			Net Income			(Loss)
		(Loss)			Shares	Per Share			(Loss)		Shares	Per Share
	Basic net income (loss) per
	common share:	$	-93		38,026,469	$	-		$	1,363	37,660,123	$	0.04
	Impact of dilutive equity awards				-						841,196
	Diluted net income (loss) per
	common share:	$	-93		38,026,469	$	-		$	1,363	38,501,319	$	0.04
	Incremental Shares Disclosed As Anti-Dilutive
	The following table provides the incremental shares excluded as they were anti-dilutive under the treasury stock method:
				Three Months Ended
				March 31,
	Impact Of Equity Awards			2015			2014
				(amounts in thousands,
				except per share data)
	Dilutive or anti-dilutive for all potentially dilutive equivalent shares			anti-dilutive			dilutive
	Excluded shares as anti-dilutive when reporting a net loss			-	935		-	-
	Excluded shares as anti-dilutive under the treasury stock method:
		Options			-			33
		Price range of options: from		$	-		$	10.08
		Price range of options: to		$	-		$	35.05
		RSUs with service conditions			207			-
	Excluded RSUs with service and market conditions as market conditions not met				262			290
	Excluded RSUs with service and performance conditions as performance
	conditions not met				8			-

INCOME_TAXES_Block

INCOME TAXES (Block)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure Abstract
Income Tax Disclosure Text Block	7. INCOME TAXES
	Tax Rate For The Three Months Ended March 31, 2015
	The effective income tax rate was not a meaningful percentage number for the three months ended March 31, 2015, which was impacted by discrete tax expense from: (1) legislation that increased the deferred tax liabilities associated with non-amortizable assets such as broadcasting licenses and goodwill; and (2) a tax benefit shortfall associated with share-based awards. The impact of discrete items to the income tax rate is typically substantially greater in the first quarter of the year as income before taxes is the lowest as compared to subsequent quarters.
	Tax Rate For The Three Months Ended March 31, 2014
	The effective income tax rate was 34.3% for the three months ended March 31, 2014, which was less than expected primarily due to a discrete tax benefit from legislatively reduced income tax rates in certain states. This rate decrease was offset by an adjustment for expenses that are not deductible for tax purposes and an increase in net deferred tax liabilities associated with non-amortizable assets such as broadcasting licenses and goodwill.
	Net Deferred Tax Assets And Liabilities
	As of March 31, 2015 and December 31, 2014, net deferred tax liabilities were $61.3 million and $61.2 million, respectively. The income tax accounting process to determine the deferred tax liabilities involves estimating all temporary differences between the tax and financial reporting bases of the Company’s assets and liabilities, based on enacted tax laws and statutory tax rates applicable to the period in which the differences are expected to affect taxable income. The Company estimated the current exposure by assessing the temporary differences and computing the provision for income taxes by applying the estimated effective tax rate to income.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS (Block)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures Abstract
Fair Value Disclosures Text Block	8. FAIR VALUE OF FINANCIAL INSTRUMENTS
	Fair Value Of Financial Instruments Subject To Fair Value Measurements
	Recurring Fair Value Measurements
	The following table sets forth the Company's financial assets and/or liabilities that were accounted for at fair value on a recurring basis and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value and its placement within the fair value hierarchy levels.
		Value Measurements At Reporting Date
		March 31,		December 31,
	Description	2015		2014
		(amounts in thousands)
	Liabilities
	Deferred compensation - Level 1 (1)	$	10,970	$	11,017
	(1) The Company’s deferred compensation liability, which is included in other long-term liabilities, is recorded at fair value on a recurring basis. The unfunded plan allows participants to hypothetically invest in various specified investment options. The deferred compensation plan liability is valued based on quoted market prices of the underlying investments.
	Fair Value Of Financial Instruments Subject To Disclosures
	The carrying amount of the following assets and liabilities approximates fair value due to the short maturity of these instruments: (1) cash and cash equivalents; (2) accounts receivable; and (3) accounts payable, including accrued liabilities.
	The following table presents the carrying value of financial instruments and, where practicable, the fair value as of the periods indicated:
		March 31,				December 31,
		2015				2014
		Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
		(amounts in thousands)
	Credit Facility (1)	$	261,250	$	260,597	$	262,000	$	261,345
	Senior Notes (2)	$	218,011	$	238,177	$	217,929	$	237,134
	Letters of credit (3)	$	620			$	620
	The following methods and assumptions were used to estimate the fair value of financial instruments:
	(1) The Company’s determination of the fair value of the Credit Facility was based on quoted prices for this instrument and is considered a Level 2 measurement.
	(2) The Company utilizes a Level 2 valuation input based upon the market trading prices of the Senior Notes to compute the fair value as these Senior Notes are traded in the debt securities market.
	(3) The Company does not believe it is practicable to estimate the fair value of the outstanding standby letters of credit and does not expect any material loss since the performance of the letters of credit is not likely to be required.

ASSETS_HELD_FOR_SALE_Block

ASSETS HELD FOR SALE (Block)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations And Disposal Groups Abstract
Disposal Groups Including Discontinued Operations Disclosure Text Block	9. ASSETS HELD FOR SALE
	Long-lived assets to be sold are classified as held for sale in the period in which they meet all the criteria for the disposal of long-lived assets. As of March 31, 2015, the Company classified $0.9 million as assets held for sale, which primarily reflects land and a building that the Company formerly used as its main studio facility in one of its markets and a co-located tower/antenna structure for two of its AM radio stations that the Company plans to relocate to other suitable sites.

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Block)	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies Disclosure Abstract
Commitments And Contingencies Disclosure Text Block	10. CONTINGENCIES AND COMMITMENTS
	Contingencies
	The Company is subject to various outstanding claims which arise in the ordinary course of business and to other legal proceedings. Management anticipates that any potential liability of the Company, which may arise out of or with respect to these matters, will not materially affect the Company’s financial position, results of operations or cash flows. There were no material changes from the contingencies listed in the Company’s Form 10-K, filed with the SEC on March 2, 2015.
	Commitments
	Pending Acquisition
	On December 7, 2014, the Company entered into a Stock Purchase Agreement (“SPA”) with The Lincoln National Life Insurance Company to acquire the stock of one of its subsidiaries, Lincoln Financial Media Company (“Lincoln”), that indirectly holds the assets and liabilities of 15 radio stations serving the Atlanta, Denver, Miami and San Diego radio markets. The purchase price is $105.0 million of which $77.5 million will be paid in cash and $27.5 million will be paid with the Company’s new issuance of perpetual convertible preferred stock.  Other than in Denver, the Company does not currently operate any stations in these markets.  The SPA provides for a step-up in basis for tax purposes. Merger and acquisition related costs of $1.7 million were expensed as a separate line item in the statement of operations for the three months ended March 31, 2015.
	The Department Of Justice (“DOJ”) is one of several agencies responsible for enforcing the federal antitrust laws. In connection with the Company’s acquisition of Lincoln, the Company filed the required notice with the DOJ in December 2014 (and refiled this notice in January 2015).  In February 2015, the DOJ issued the Company a request for additional information and documentary material, often referred to as a “second request.”
	Concurrently with entering into the SPA, the Company also entered into a time brokerage agreement (“TBA”). The TBA may only commence after the DOJ has completed its review of this transaction. During the period of the TBA, which terminates upon the closing of this transaction, the Company will include the net revenues, station operating expenses and TBA fees associated with operating these stations in the Company’s consolidated financial statements.  The payment of the TBA fees is in exchange for the Company’s retention of the operating profits or losses from the operation of these stations during the TBA period.
	Upon commencement of the TBA, the Company believes that Lincoln will be a variable interest entity (“VIE”) and that the Company will be the primary beneficiary as the Company may absorb the profits and losses from the operation of the VIE during the period of the TBA.  Effective upon the commencement of the TBA, the Company expects to consolidate the assets and liabilities of the VIE within its consolidated financial statements, using fair values for the assets and liabilities as if the Company had closed on this transaction.  The equity investment by Lincoln in the VIE would be reflected as a non-controlling interest. The assets of the Company’s consolidated VIE can only be used to settle the obligations of the VIE, and may not be sold, or otherwise disposed of, except for assets sold or replaced with others of like kind or value.  There is a lack of recourse by the beneficial interest holders of the VIE against the Company’s general creditors.

SUBSEQUENT_EVENTS_Block

SUBSEQUENT EVENTS (Block)	3 Months Ended
	Mar. 31, 2015
Subsequent Events Abstract
Schedule Of Subsequent Events Text Block	11. SUBSEQUENT EVENTS
	Events occurring after March 31, 2015, and through the date that these consolidated financial statements were issued, were evaluated to ensure that any subsequent events that met the criteria for recognition have been included.

OTHER_CURRENT_AND_LONGTERM_LIA

OTHER CURRENT AND LONG-TERM LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Other Liabilities Disclosure Abstract
Schedule of Accounts Payable and Accrued Liabilities		Other Current Liabilities
		March 31,		December 31,
		2015		2014
		(amounts in thousands)
	Accrued compensation	$	4,852	$	5,783
	Accounts receivable credits		2,997		2,398
	Advertiser obligations		1,090		928
	Accrued interest payable		8,535		2,777
	Other		1,349		1,613
	Total other current liabilities	$	18,823	$	13,499

LONGTERM_DEBT_LIABILITIES_Tabl

LONG-TERM DEBT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule Of Net Interest Expense		Net Interest Expense
		Three Months Ended
		March 31,
		2015		2014
		(amounts in thousands)
	Interest expense	$	8,490	$	8,743
	Amortization of deferred financing costs		707		1,087
	Amortization of original issue discount of senior notes		82		73
	Total net interest expense	$	9,279	$	9,903

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Schedule Of Restricted Stock Units Market Based				Three Months			Year
				Ended			Ended
				March 31,			December 31,
				2015			2014
				(amounts in thousands, except per share data)
	Reconciliation Of RSUs With Market Conditions
		Beginning of period balance			290			-
		Number of RSUs granted			165			290
		Number of RSUs forfeited			-			-
		Number of RSUs vested			-193			-
		End of period balance			262			290
		Average fair value of RSUs issued with market
		conditions		$	8.39		$	6.9
Schedule Of Other Options Dislcosure			Three Months Ended March 31,
	Option Exercise Data		2015			2014
			(amounts in thousands)
	Intrinsic value of options exercised		$	72		$	135
	Tax benefit from options exercised (1)		$	27		$	51
	Cash received from exercise price of options exercised		$	31		$	26
Stock Option Valuation Assumptions		Three Months Ended
		March 31,		March 31,
		2015		2014
	Expected Volatility Structure (1)	34% to 39%		39% to 51%
	Risk Free Interest Rate (2)	0.1% to 1.1%		0.1% to 0.4%
	Dividend Yield (3)	0.00%		0.00%
Schedule Of significant ranges of outstanding and exercisable options							Options Outstanding							Options Exercisable
							Number Of		Weighted					Number Of
							Options		Average		Weighted			Options	Weighted
	Range Of						Outstanding		Remaining		Average			Exercisable	Average
	Exercise Prices						March 31,		Contractual		Exercise			March 31,	Exercise
	From			To			2015		Life		Price			2015	Price
	$	1.34		$	1.34		436,925		3.9		$	1.34		436,925	$	1.34
	$	2.02		$	11.78		40,000		4		$	9.46		36,250	$	9.54
	$	1.34		$	11.78		476,925		3.9		$	2.02		473,175	$	1.97
Schedule of recognized stock-based compensation expense			Three Months Ended
			March 31,
			2015			2014
				(amounts in thousands)
	Station operating expenses		$	177		$	135
	Corporate general and administrative expenses			934			1,073
	Stock-based compensation expense included in operating expenses			1,111			1,208
	Income tax benefit (1)			413			353
	Net stock-based compensation expense		$	698		$	855
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest					Number					Weighted		Aggregate
					Of		Weighted			Average		Intrinsic
					Restricted		Average			Remaining		Value As Of
					Stock		Purchase			Contractual		March 31,
		Period Ended			Units		Price			Term (Years)		2015
	RSUs outstanding as of:	31-Dec-14			1,258,685
	RSUs awarded				645,601
	RSUs released				-336,229
	RSUs forfeited				-13,499
	RSUs outstanding as of:	31-Mar-15			1,554,558		$	-		1.7		$	18,887,880
	RSUs vested and expected
	to vest as of:	31-Mar-15			1,414,787		$	-		1.6		$	16,161,731
	RSUs exercisable (vested and
	deferred) as of:	31-Mar-15			84,603		$	-		-		$	1,027,926
	Weighted average remaining
	recognition period in years				2.4
	Unamortized compensation
	expense, net of estimated
	forfeitures			$	10,435,775
Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding										Weighted		Intrinsic
							Weighted			Average		Value
							Average			Remaining		As Of
				Number Of			Exercise			Contractual		March 31,
		Period Ended		Options			Price			Term (Years)		2015
	Options outstanding as of:	31-Dec-14			486,675		$	2.11
	Options granted				-			-
	Options exercised				-8,750			3.6
	Options forfeited				-			-
	Options expired				-1,000			33.9
	Options outstanding as of:	31-Mar-15			476,925		$	2.02		3.9		$	4,830,724
	Options vested and expected to vest as of:	31-Mar-15			476,670		$	2.02		3.9		$	4,829,850
	Options vested and exercisable as of:	31-Mar-15			473,175		$	1.97		3.9		$	4,817,862
	Weighted average remaining
	recognition period in years				2.4
	Unamortized compensation expense,
	net of estimated forfeitures			$	15,338

NET_INCOME_PER_COMMON_SHARE_Ta

NET INCOME PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Schedule of Earnings Per Share Reconciliation [Table Text Block]		Three Months Ended
		31-Mar-15							31-Mar-14
		(amounts in thousands, except share and per share data)
						Net Income						Net Income
		Net Income				(Loss)			Net Income			(Loss)
		(Loss)			Shares	Per Share			(Loss)		Shares	Per Share
	Basic net income (loss) per
	common share:	$	-93		38,026,469	$	-		$	1,363	37,660,123	$	0.04
	Impact of dilutive equity awards				-						841,196
	Diluted net income (loss) per
	common share:	$	-93		38,026,469	$	-		$	1,363	38,501,319	$	0.04
Equity Award Impact Schedule				Three Months Ended
				March 31,
	Impact Of Equity Awards			2015			2014
				(amounts in thousands,
				except per share data)
	Dilutive or anti-dilutive for all potentially dilutive equivalent shares			anti-dilutive			dilutive
	Excluded shares as anti-dilutive when reporting a net loss			-	935		-	-
	Excluded shares as anti-dilutive under the treasury stock method:
		Options			-			33
		Price range of options: from		$	-		$	10.08
		Price range of options: to		$	-		$	35.05
		RSUs with service conditions			207			-
	Excluded RSUs with service and market conditions as market conditions not met				262			290
	Excluded RSUs with service and performance conditions as performance
	conditions not met				8			-

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures Abstract
Schedule of recurring fair value measurements		Value Measurements At Reporting Date
		March 31,		December 31,
	Description	2015		2014
		(amounts in thousands)
	Liabilities
	Deferred compensation - Level 1 (1)	$	10,970	$	11,017
Schedule Of Carrying Value Of Financial Instruments		March 31,				December 31,
		2015				2014
		Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
		(amounts in thousands)
	Credit Facility (1)	$	261,250	$	260,597	$	262,000	$	261,345
	Senior Notes (2)	$	218,011	$	238,177	$	217,929	$	237,134
	Letters of credit (3)	$	620			$	620

OTHER_CURRENT_AND_LONGTERM_LIA1

OTHER CURRENT AND LONG-TERM LIABILITIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued compensation	$4,852	$5,783
Accounts receivable credits	2,997	2,398
Derivative valuation - short-term	0	0
Advertiser obligations	1,090	928
Accrued interest payable	8,535	2,777
Other	1,349	1,613
Accrued compensation and other current liabilities	$18,823	$13,499

LONGTERM_DEBT_LIABILITIES_Deta

LONG-TERM DEBT LIABILITIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Credit Facility	$261,300,000
Current amount of long-term debt	-31,260,000	-3,000,000
Total long-term debt	$448,001,000	$476,929,000
Stated interest rate percentage, senior unsecured debt	10.50%

LONGTERM_DEBT_LIABILITIES_Seni

LONG-TERM DEBT LIABILITIES - Senior Debt (Details) (USD $)	Mar. 31, 2015
	number
Debt Instrument [Line Items]
Credit Facility	$425,000,000
Consolidated Leverage Ratio	4.5
Consolidated Interest Coverage Ratio	2.9
Mandatory Prepayment Percentage	50.00%
Line of Credit Facility, Amount Outstanding	261,300,000
Minimum
Debt Instrument [Line Items]
Consolidated Interest Coverage Ratio	1.75
Maximum
Debt Instrument [Line Items]
Consolidated Leverage Ratio	5.25
Revolving Credit Facility
Debt Instrument [Line Items]
Credit Facility	50,000,000
Undrawn amount of the Revolver	49,400,000
Term Loan B
Debt Instrument [Line Items]
Credit Facility	$375,000,000

LONGTERM_DEBT_LIABILITIES_Seni1

LONG-TERM DEBT LIABILITIES - Senior Unsecured Debt (Details) (Senior Unsecured Debt, USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2011
Senior Unsecured Debt
Debt Instrument [Line Items]
Senior Notes	$220
Net Proceeds	212.7
Debt Instrument Original Issue Discount	2.9
Deferred Finance Costs, Current, Net	$6.10

LONGTERM_DEBT_LIABILITIES_Debt

LONG-TERM DEBT LIABILITIES - Debt Extinguishment and Net Interest Expense (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net Interest Expense
Interest expense	$8,490	$8,743
Amortization of deferred financing costs	707	1,087
Amortization of original issue discount of senior notes	82	73
Interest expense on interest rate hedging agreements	0	0
Interest income and other investment income	0	0
Total net interest expense	$9,279	$9,903

SHAREBASED_COMPENSATION_RSU_Ac

SHARE-BASED COMPENSATION - RSU Activity - Summary of Change (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Number of Restricted Stock Units [Roll Forward]
RSUs beginning	1,258,685
RSUs awarded	645,601
RSUs released	-336,229
RSUs forfeited	-13,499
RSUs ending	1,554,558
Weighted Average Purchase Price RSUs	$0
Weighted Average Remaining Contractual Term (Years) RSUs	1 year 8 months 12 days
Aggregate Intrinsic Value RSUs	$18,887,880
Number of RSUs vested and expected to vest	1,414,787
Weighted Average Purchase Price of RSUs vested and expected to vest	$0
Weighted Average Remaining Contractual Term (Years) of RUSs vested and expected to vest	1 year 7 months 6 days
Aggregate Intrinsic Value RSUs vested and expected to vest	16,161,731
Number of RSUs exercisable	84,603
Weighted Average Purchase Price of RUSs exercisable	$0
Weighted Average Remaining Contractual Term (Years) of RUSs exercisable	0 years
Aggregate Intrinsic Value RSUs exercisable	1,027,926
Weighted average remaining recognition period in years	2 years 4 months 24 days
Unamortized compensation expense, net of estimated forfeitures	$10,435,775

SHAREBASED_COMPENSATION_RSUs_w

SHARE-BASED COMPENSATION - RSUs with Market Conditions (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Restricted Stock Units With Market Conditions [Line Items]
RSUs issued	645,601
Reconciliation Of RSUs With Market Conditions [Abstract]
RSUs beginning	1,258,685
Number of RSUs granted	645,601
Number of RSUs forfeited	-13,499
Number of RSUs vested	-336,229
RSUs ending	1,554,558	1,258,685
Net RSUs increase (decrease) to APIC	$1,111	$5,232
Restricted Stock Units With Market Conditions [Member]
Share-based Compensation Restricted Stock Units With Market Conditions [Line Items]
RSUs issued	165,000	290,000
Reconciliation Of RSUs With Market Conditions [Abstract]
RSUs beginning	290,000
Number of RSUs granted	165,000	290,000
Number of RSUs forfeited	0	0
Number of RSUs vested	-193,000	0
RSUs ending	262,000	290,000
Fair value of each RSU issued with market conditions	$8.39	$6.90

SHAREBASED_COMPENSATION_Other_

SHARE-BASED COMPENSATION - Other Options Disclosures (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Other Options Disclosures [Line Items]
Intrinsic value of options exercised	$72	$135
Tax benefit from options exercised, before impact of valuation allowance	27	51
Cash received from exercise price of options exercised	$31	$26

SHAREBASED_COMPENSATION_Option

SHARE-BASED COMPENSATION - Options Activity (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Options activity [Roll Forward]
Options beginning	486,675
Options granted	0
Options exercised	-8,750
Options forfeited	0
Options expired	-1,000
Options ending	476,925
Weighted average exercise price - beginning	$2.11
Weighted average exercise price - options exercised	$3.60
Weighted average exercise price - options expired	$33.90
Weighted average exercise price - ending	$2.02
Weighted Average Remaining Contractual Term (Years) Options	3 years 10 months 24 days
Intrinsic Value Options	$4,830,724
Options vested and expected to vest	476,670
Options vested and exercisable	473,175
Weighted average exercise price options vested and expected to vest	$2.02
Weighted average exercise price options vested and exerciable	$1.97
Weighted average remaining contractual period (Years) options vested and expected to vest	3 years 10 months 24 days
Weighted average remaining contractual period (years) options vested and exercisable	3 years 10 months 24 days
Intrinsic value options vested and expected to vest	4,829,850
Intrinsic value options vested and exercisable	4,817,862
Weighted average remaining recognition period in years	2 years 4 months 24 days
Unamortized compensation expense, net of estimated forfeitures	$15,338

SHAREBASED_COMPENSATION_Valuat

SHARE-BASED COMPENSATION - Valuation Method (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Valuation Methodology [Abstract]
Expected volatility factor (%) - Minimum	34.00%	39.00%
Expected volatility factor (%) - Maximum	39.00%	51.00%
Risk-free interest rate (%) - Minimum	0.10%	0.10%
Risk-free interest rate (%) - Maximum	1.10%	0.40%
Expected dividend yield (%)	0.00%	0.00%

SHAREBASED_COMPENSATION_Other_1

SHARE-BASED COMPENSATION - Other Award Information (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Significant ranges of outstanding and exercisable options [Line Items]
Number of options outstanding	476,925		486,675
Weighted average remaining contractual life options outstanding	3 years 10 months 24 days
Weighted average exercise price options outstanding	$2.02		$2.11
Number of options exercisable	473,175
Weighted average exercise price options exercisable	$1.97
Recognized Non-Cash Compensation Expense [Line Items]
Total Non cash compensation expense recognized	$698	$855
Station operating expenses [Member]
Recognized Non-Cash Compensation Expense [Line Items]
Total Non cash compensation expense recognized	177	135
Corporate general and administrative expenses [Member]
Recognized Non-Cash Compensation Expense [Line Items]
Total Non cash compensation expense recognized	934	1,073
Stock-based compensation expense included in operating expenses [Member]
Recognized Non-Cash Compensation Expense [Line Items]
Total Non cash compensation expense recognized	1,111	1,208
Income tax benefit (net of a fully reserved valuation allowance for prior year) [Member]
Recognized Non-Cash Compensation Expense [Line Items]
Total Non cash compensation expense recognized	$413	$353
Exercise prices from 1.34 to 1.34
Significant ranges of outstanding and exercisable options [Line Items]
Number of options outstanding	436,925
Weighted average remaining contractual life options outstanding	3 years 10 months 24 days
Weighted average exercise price options outstanding	$1.34
Number of options exercisable	436,925
Weighted average exercise price options exercisable	$1.34
Exercise prices from 2.02 to 11.78
Significant ranges of outstanding and exercisable options [Line Items]
Number of options outstanding	40,000
Weighted average remaining contractual life options outstanding	4 years
Weighted average exercise price options outstanding	$9.46
Number of options exercisable	36,250
Weighted average exercise price options exercisable	$9.54

NET_INCOME_PER_COMMON_SHARE_De

NET INCOME PER COMMON SHARE (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Impact Of Equity Awards [Line Items]
Excluded shares as anti-dilutive when reporting loss	0		0
Earnings Per Share, Basic and Diluted [Abstract]
Net Income (Loss) Attributable to Parent	($93)	$1,363	$26,823
Weighted Average Number Of Shares Outstanding Basic	38,026,469	37,660,123
Earnings Per Share Basic	$0	$0.04
Incremental Common Shares Attributable to Share-based Payment Arrangements	0	841,196
Weighted Average Number Of Diluted Shares Outstanding	38,026,469	38,501,319
Earnings Per Share Diluted	$0	$0.04
Restricted Stock Units Service And Performance Conditions But Performance Not Met [Member]
Impact Of Equity Awards [Line Items]
Excluded shares as anti-dilutive under the treasury stock method	8,000		0
Options Activity [Member]
Impact Of Equity Awards [Line Items]
Excluded shares as anti-dilutive under the treasury stock method	0	33,000
Price range of option: from	$0	$10.08
Price range of option: to	$0	$35.05
Restricted Stock Units Activity [Member]
Impact Of Equity Awards [Line Items]
Excluded shares as anti-dilutive when reporting loss	935,000	0
Restricted Stock Units Activity [Member] | Restricted Stock Units Service Conditions [Member]
Impact Of Equity Awards [Line Items]
Excluded shares as anti-dilutive under the treasury stock method	207,000	0
Restricted Stock Units Activity [Member] | Restricted Stock Units Service And Market Conditions But Market Not Met [Member]
Impact Of Equity Awards [Line Items]
Excluded shares as anti-dilutive under the treasury stock method	262,000	290,000

INCOME_TAXES_Expected_And_Repo

INCOME TAXES - Expected And Reported Income Taxes (Benefit) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Income taxes (benefit)	$67	$713
Effective income tax rate		34.30%
Impairment loss	$0	$0

INCOME_TAXES_Deferred_Tax_Asse

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Deferred tax liabilities:
Total net deferred tax liabilities	$61.30	$61.20

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 1 [Member]
Assets
Cash equivalents	$0
Liabilities
Deferred Compensation	10,970,000	11,017,000
Fair Value, Inputs, Level 2 [Member]
Assets
Cash equivalents	$0

FAIR_VALUE_OF_FINANCIAL_INSTRU3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying Value (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Credit Facility
Fair Value Of Instruments [Line Items]
Carrying value of debt	$261,250	$262,000
Fair value of debt	260,597	261,345
Senior Notes
Fair Value Of Instruments [Line Items]
Carrying value of debt	218,011	217,929
Fair value of debt	238,177	237,134
Finance Method Lease Obligations
Fair Value Of Instruments [Line Items]
Carrying value of debt	0	0
Letter of credit
Fair Value Of Instruments [Line Items]
Carrying value of debt	$620	$620

ASSETS_HELD_FOR_SALE_Details

ASSETS HELD FOR SALE (Details) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
Assets Held-for-sale, at Carrying Value1 [Abstract]
Assets Held-for-sale, at Carrying Value	$0.90

ACQUISITIONS_DIVESTITURES_AND_

ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$0	$0
LFM [Member]
Acquisition [Line Items]
Purchases of radio station assets	105,000,000
Acquisition price paid using cash available from operating cash flow	77,500,000
The expense recognized in the consolidated statement of income as merger and acquisition costs [Abstract]
Merger and acquisition costs	1,700,000
Acquisition Price Paid Using Convertible Preferred Stock	$27,500,000