0001041657 2009-01-01 2009-12-31 0001041657 roia:May2016Member us-gaap:SeniorSubordinatedNotesMember 2010-11-24 0001041657 roia:May2016Member us-gaap:MinimumMember us-gaap:SeniorSubordinatedNotesMember 2010-11-30 0001041657 roia:May2016Member us-gaap:MaximumMember us-gaap:SeniorSubordinatedNotesMember 2010-11-30 0001041657 roia:Notes2011Member 2010-11-30 0001041657 roia:Notes2013Member 2010-11-30 0001041657 2010-01-01 2010-12-31 0001041657 us-gaap:SeniorNotesMember 2011-02-25 0001041657 roia:TvOneLlcMember 2011-02-28 0001041657 roia:FinancialInvestersMember 2011-02-28 0001041657 2011-03-31 0001041657 us-gaap:LineOfCreditMember roia:CreditAgreement2011Member 2011-03-31 0001041657 2011-04-14 0001041657 roia:TvOneLlcMember 2011-04-25 0001041657 2011-04-01 2011-06-30 0001041657 roia:CreditAgreement2011Member roia:TermLoanMember 2011-06-30 0001041657 roia:CreditAgreement2011Member roia:TermLoanMember 2011-06-01 2011-06-30 0001041657 2011-12-31 0001041657 us-gaap:SeniorNotesMember 2011-12-31 0001041657 roia:RadioOneMember 2011-12-31 0001041657 roia:EliminationsMember 2011-12-31 0001041657 us-gaap:GuarantorSubsidiariesMember 2011-12-31 0001041657 roia:IncentiveAwardPlanMember 2011-12-31 0001041657 roia:EmploymentAgreementAwardMember 2011-12-31 0001041657 roia:RedeemableNoncontrollingInterestsMember 2011-12-31 0001041657 2012-01-01 2012-03-31 0001041657 roia:RadioOneMember 2012-01-01 2012-03-31 0001041657 roia:EliminationsMember 2012-01-01 2012-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember 2012-01-01 2012-03-31 0001041657 roia:NonGuarantorEliminationsMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2012-01-01 2012-03-31 0001041657 us-gaap:NondesignatedMember roia:EmploymentAgreementAwardMember roia:CorporateSellingGeneralAndAdministrativeExpenseMember 2012-01-01 2012-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2012-01-01 2012-03-31 0001041657 roia:RadioOneMember us-gaap:CorporateMember 2012-01-01 2012-03-31 0001041657 us-gaap:CorporateMember 2012-01-01 2012-03-31 0001041657 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2012-01-01 2012-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember us-gaap:CorporateMember 2012-01-01 2012-03-31 0001041657 roia:RadioOneMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2012-01-01 2012-03-31 0001041657 roia:MusicLicenseAgreementsMember 2012-01-01 2012-03-31 0001041657 roia:NonGuarantorEliminationsMember us-gaap:CorporateMember 2012-01-01 2012-03-31 0001041657 roia:NonGuarantorEliminationsMember 2012-01-01 2012-03-31 0001041657 roia:MusicOneIncMember 2012-01-01 2012-03-31 0001041657 roia:RadioBroadcastingMember 2012-01-01 2012-03-31 0001041657 roia:ReachMediaMember 2012-01-01 2012-03-31 0001041657 roia:InternetMember 2012-01-01 2012-03-31 0001041657 roia:CableTelevsionMember 2012-01-01 2012-03-31 0001041657 roia:CorporateElemenationAndOtherMember 2012-01-01 2012-03-31 0001041657 roia:BarterTransactionsMember 2012-01-01 2012-03-31 0001041657 roia:IncentiveAwardPlanMember 2012-01-01 2012-03-31 0001041657 roia:EmploymentAgreementAwardMember 2012-01-01 2012-03-31 0001041657 roia:RedeemableNoncontrollingInterestsMember 2012-01-01 2012-03-31 0001041657 roia:LaunchSupportAssetsMember 2012-01-01 2012-03-31 0001041657 us-gaap:FixedMaturitiesMember 2012-01-01 2012-03-31 0001041657 roia:ContentAssetsMember 2012-01-01 2012-03-31 0001041657 us-gaap:StockOptionsMember 2012-01-01 2012-03-31 0001041657 us-gaap:RestrictedStockMember 2012-01-01 2012-03-31 0001041657 2012-03-31 0001041657 roia:RadioOneMember 2012-03-31 0001041657 roia:EliminationsMember 2012-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember 2012-03-31 0001041657 roia:IncentiveAwardPlanMember 2012-03-31 0001041657 roia:EmploymentAgreementAwardMember 2012-03-31 0001041657 roia:RedeemableNoncontrollingInterestsMember 2012-03-31 0001041657 us-gaap:MinimumMember us-gaap:IncomeApproachValuationTechniqueMember 2012-06-30 0001041657 us-gaap:MaximumMember us-gaap:IncomeApproachValuationTechniqueMember 2012-06-30 0001041657 us-gaap:IncomeApproachValuationTechniqueMember 2012-06-30 0001041657 us-gaap:MinimumMember us-gaap:IncomeApproachValuationTechniqueMember 2012-10-01 0001041657 us-gaap:MaximumMember us-gaap:IncomeApproachValuationTechniqueMember 2012-10-01 0001041657 us-gaap:IncomeApproachValuationTechniqueMember 2012-10-01 0001041657 2012-01-01 2012-12-31 0001041657 roia:LaunchSupportAssetsMember 2012-01-01 2012-12-31 0001041657 roia:CreditAgreement2011Member 2012-01-01 2012-12-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:February2013Member 2012-01-01 2012-12-31 0001041657 roia:LmaMember 2012-01-01 2012-12-31 0001041657 us-gaap:SeniorSubordinatedNotesMember 2012-01-01 2012-12-31 0001041657 2012-12-31 0001041657 us-gaap:SeniorNotesMember 2012-12-31 0001041657 roia:RadioOneMember 2012-12-31 0001041657 roia:EliminationsMember 2012-12-31 0001041657 us-gaap:GuarantorSubsidiariesMember 2012-12-31 0001041657 roia:RadioBroadcastingMember 2012-12-31 0001041657 roia:ReachMediaMember 2012-12-31 0001041657 roia:InternetMember 2012-12-31 0001041657 roia:CableTelevsionMember 2012-12-31 0001041657 roia:CorporateElemenationAndOtherMember 2012-12-31 0001041657 roia:IncentiveAwardPlanMember 2012-12-31 0001041657 roia:EmploymentAgreementAwardMember 2012-12-31 0001041657 roia:RedeemableNoncontrollingInterestsMember 2012-12-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:February2013Member 2012-12-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:May2016Member 2012-12-31 0001041657 us-gaap:CorporateDebtSecuritiesMember 2012-12-31 0001041657 us-gaap:CommonClassCMember 2012-12-31 0001041657 roia:CommonClassDMember 2012-12-31 0001041657 roia:SeniorBankTermDebtMember 2012-12-31 0001041657 us-gaap:CommonClassAMember 2012-12-31 0001041657 us-gaap:OtherLiabilitiesMember roia:EmploymentAgreementAwardMember 2012-12-31 0001041657 us-gaap:CommonClassBMember 2012-12-31 0001041657 roia:IncentiveAwardPlanMember us-gaap:FairValueInputsLevel1Member 2012-12-31 0001041657 roia:IncentiveAwardPlanMember us-gaap:FairValueInputsLevel2Member 2012-12-31 0001041657 roia:IncentiveAwardPlanMember us-gaap:FairValueInputsLevel3Member 2012-12-31 0001041657 roia:EmploymentAgreementAwardMember us-gaap:FairValueInputsLevel1Member 2012-12-31 0001041657 roia:EmploymentAgreementAwardMember us-gaap:FairValueInputsLevel2Member 2012-12-31 0001041657 roia:EmploymentAgreementAwardMember us-gaap:FairValueInputsLevel3Member 2012-12-31 0001041657 us-gaap:FairValueInputsLevel1Member 2012-12-31 0001041657 us-gaap:FairValueInputsLevel2Member 2012-12-31 0001041657 us-gaap:FairValueInputsLevel3Member 2012-12-31 0001041657 us-gaap:CorporateDebtSecuritiesMember 2012-12-31 0001041657 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member 2012-12-31 0001041657 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2012-12-31 0001041657 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member 2012-12-31 0001041657 roia:MutualFundsMember 2012-12-31 0001041657 roia:MutualFundsMember us-gaap:FairValueInputsLevel1Member 2012-12-31 0001041657 roia:MutualFundsMember us-gaap:FairValueInputsLevel2Member 2012-12-31 0001041657 roia:MutualFundsMember us-gaap:FairValueInputsLevel3Member 2012-12-31 0001041657 roia:MutualFundMember 2012-12-31 0001041657 us-gaap:SeniorNotesMember roia:March2016Member 2012-12-31 0001041657 us-gaap:ConvertiblePreferredStockMember 2012-12-31 0001041657 us-gaap:CommonClassAMember 2012-12-31 0001041657 us-gaap:CommonClassBMember 2012-12-31 0001041657 us-gaap:CommonClassCMember 2012-12-31 0001041657 roia:CommonClassDMember 2012-12-31 0001041657 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-12-31 0001041657 us-gaap:AdditionalPaidInCapitalMember 2012-12-31 0001041657 us-gaap:RetainedEarningsMember 2012-12-31 0001041657 us-gaap:NoncontrollingInterestMember 2012-12-31 0001041657 us-gaap:SeniorSubordinatedNotesMember 2012-12-31 0001041657 2013-01-01 2013-03-31 0001041657 roia:RadioOneMember 2013-01-01 2013-03-31 0001041657 roia:EliminationsMember 2013-01-01 2013-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember 2013-01-01 2013-03-31 0001041657 roia:NonGuarantorEliminationsMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2013-01-01 2013-03-31 0001041657 us-gaap:NondesignatedMember roia:EmploymentAgreementAwardMember roia:CorporateSellingGeneralAndAdministrativeExpenseMember 2013-01-01 2013-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2013-01-01 2013-03-31 0001041657 roia:RadioOneMember us-gaap:CorporateMember 2013-01-01 2013-03-31 0001041657 us-gaap:CorporateMember 2013-01-01 2013-03-31 0001041657 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2013-01-01 2013-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember us-gaap:CorporateMember 2013-01-01 2013-03-31 0001041657 roia:RadioOneMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2013-01-01 2013-03-31 0001041657 roia:MusicLicenseAgreementsMember 2013-01-01 2013-03-31 0001041657 roia:NonGuarantorEliminationsMember us-gaap:CorporateMember 2013-01-01 2013-03-31 0001041657 roia:NonGuarantorEliminationsMember 2013-01-01 2013-03-31 0001041657 roia:MusicOneIncMember 2013-01-01 2013-03-31 0001041657 roia:RadioBroadcastingMember 2013-01-01 2013-03-31 0001041657 roia:ReachMediaMember 2013-01-01 2013-03-31 0001041657 roia:InternetMember 2013-01-01 2013-03-31 0001041657 roia:CableTelevsionMember 2013-01-01 2013-03-31 0001041657 roia:CorporateElemenationAndOtherMember 2013-01-01 2013-03-31 0001041657 roia:BarterTransactionsMember 2013-01-01 2013-03-31 0001041657 roia:IncentiveAwardPlanMember 2013-01-01 2013-03-31 0001041657 roia:EmploymentAgreementAwardMember 2013-01-01 2013-03-31 0001041657 roia:RedeemableNoncontrollingInterestsMember 2013-01-01 2013-03-31 0001041657 roia:LaunchSupportAssetsMember 2013-01-01 2013-03-31 0001041657 us-gaap:FixedMaturitiesMember 2013-01-01 2013-03-31 0001041657 roia:ContentAssetsMember 2013-01-01 2013-03-31 0001041657 us-gaap:StockOptionsMember 2013-01-01 2013-03-31 0001041657 us-gaap:RestrictedStockMember 2013-01-01 2013-03-31 0001041657 roia:CreditAgreement2011Member 2013-01-01 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:February2013Member 2013-01-01 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:May2016Member us-gaap:MinimumMember 2013-01-01 2013-03-31 0001041657 roia:SeniorSecuredDebtMember roia:ExcessCoverageMember roia:CreditAgreement2011Member 2013-01-01 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:May2016Member us-gaap:MaximumMember 2013-01-01 2013-03-31 0001041657 roia:SeniorSecuredDebtMember roia:CovenantLimitMember roia:CreditAgreement2011Member 2013-01-01 2013-03-31 0001041657 roia:RepurchaseProgram2013Member 2013-01-01 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:March2016Member 2013-01-01 2013-03-31 0001041657 us-gaap:ConvertiblePreferredStockMember 2013-01-01 2013-03-31 0001041657 us-gaap:CommonClassAMember 2013-01-01 2013-03-31 0001041657 us-gaap:CommonClassBMember 2013-01-01 2013-03-31 0001041657 us-gaap:CommonClassCMember 2013-01-01 2013-03-31 0001041657 roia:CommonClassDMember 2013-01-01 2013-03-31 0001041657 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2013-01-01 2013-03-31 0001041657 us-gaap:AdditionalPaidInCapitalMember 2013-01-01 2013-03-31 0001041657 us-gaap:RetainedEarningsMember 2013-01-01 2013-03-31 0001041657 us-gaap:NoncontrollingInterestMember 2013-01-01 2013-03-31 0001041657 us-gaap:CommonClassAMember 2013-01-01 2013-03-31 0001041657 roia:CommonClassDMember 2013-01-01 2013-03-31 0001041657 roia:CincinnatiRadioBroadcastingMember 2013-01-01 2013-03-31 0001041657 roia:CincinnatiFccRadioBroadcastingLicensesMember 2013-01-01 2013-03-31 0001041657 roia:CharlotteRadioBroadcastingLicensesMember 2013-01-01 2013-03-31 0001041657 roia:CommonClassDMember us-gaap:SubsequentEventMember 2013-01-01 2013-03-31 0001041657 us-gaap:CommonClassAMember us-gaap:SubsequentEventMember 2013-01-01 2013-03-31 0001041657 roia:RepurchaseAuthorization2013Member us-gaap:SubsequentEventMember 2013-01-01 2013-03-31 0001041657 2013-03-31 0001041657 us-gaap:SeniorNotesMember 2013-03-31 0001041657 roia:TvOneLlcMember 2013-03-31 0001041657 us-gaap:LineOfCreditMember roia:CreditAgreement2011Member 2013-03-31 0001041657 roia:RadioOneMember 2013-03-31 0001041657 roia:EliminationsMember 2013-03-31 0001041657 us-gaap:GuarantorSubsidiariesMember 2013-03-31 0001041657 roia:RadioBroadcastingMember 2013-03-31 0001041657 roia:ReachMediaMember 2013-03-31 0001041657 roia:InternetMember 2013-03-31 0001041657 roia:CableTelevsionMember 2013-03-31 0001041657 roia:CorporateElemenationAndOtherMember 2013-03-31 0001041657 roia:IncentiveAwardPlanMember 2013-03-31 0001041657 roia:EmploymentAgreementAwardMember 2013-03-31 0001041657 roia:RedeemableNoncontrollingInterestsMember 2013-03-31 0001041657 us-gaap:IncomeApproachValuationTechniqueMember 2013-03-31 0001041657 roia:CreditAgreement2011Member 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:February2013Member 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember roia:May2016Member 2013-03-31 0001041657 us-gaap:CorporateDebtSecuritiesMember 2013-03-31 0001041657 us-gaap:CommonClassCMember 2013-03-31 0001041657 roia:CommonClassDMember 2013-03-31 0001041657 roia:SeniorBankTermDebtMember 2013-03-31 0001041657 us-gaap:CommonClassAMember 2013-03-31 0001041657 us-gaap:OtherLiabilitiesMember roia:EmploymentAgreementAwardMember 2013-03-31 0001041657 us-gaap:CommonClassBMember 2013-03-31 0001041657 roia:IncentiveAwardPlanMember us-gaap:FairValueInputsLevel1Member 2013-03-31 0001041657 roia:IncentiveAwardPlanMember us-gaap:FairValueInputsLevel2Member 2013-03-31 0001041657 roia:IncentiveAwardPlanMember us-gaap:FairValueInputsLevel3Member 2013-03-31 0001041657 roia:EmploymentAgreementAwardMember us-gaap:FairValueInputsLevel1Member 2013-03-31 0001041657 roia:EmploymentAgreementAwardMember us-gaap:FairValueInputsLevel2Member 2013-03-31 0001041657 roia:EmploymentAgreementAwardMember us-gaap:FairValueInputsLevel3Member 2013-03-31 0001041657 us-gaap:FairValueInputsLevel1Member 2013-03-31 0001041657 us-gaap:FairValueInputsLevel2Member 2013-03-31 0001041657 us-gaap:FairValueInputsLevel3Member 2013-03-31 0001041657 us-gaap:CorporateDebtSecuritiesMember 2013-03-31 0001041657 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member 2013-03-31 0001041657 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2013-03-31 0001041657 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member 2013-03-31 0001041657 roia:MutualFundsMember 2013-03-31 0001041657 roia:MutualFundsMember us-gaap:FairValueInputsLevel1Member 2013-03-31 0001041657 roia:MutualFundsMember us-gaap:FairValueInputsLevel2Member 2013-03-31 0001041657 roia:MutualFundsMember us-gaap:FairValueInputsLevel3Member 2013-03-31 0001041657 roia:MutualFundMember 2013-03-31 0001041657 us-gaap:SeniorNotesMember roia:March2016Member 2013-03-31 0001041657 us-gaap:ConvertiblePreferredStockMember 2013-03-31 0001041657 us-gaap:CommonClassAMember 2013-03-31 0001041657 us-gaap:CommonClassBMember 2013-03-31 0001041657 us-gaap:CommonClassCMember 2013-03-31 0001041657 roia:CommonClassDMember 2013-03-31 0001041657 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2013-03-31 0001041657 us-gaap:AdditionalPaidInCapitalMember 2013-03-31 0001041657 us-gaap:RetainedEarningsMember 2013-03-31 0001041657 us-gaap:NoncontrollingInterestMember 2013-03-31 0001041657 roia:May2016Member us-gaap:SeniorSubordinatedNotesMember 2013-03-31 0001041657 roia:ReachMediaIncMember 2013-03-31 0001041657 us-gaap:SeniorSubordinatedNotesMember 2013-03-31 0001041657 us-gaap:RevolvingCreditFacilityMember roia:CreditAgreement2011Member 2013-03-31 0001041657 us-gaap:StandbyLettersOfCreditMember 2013-03-31 0001041657 roia:ReachMediaMember roia:PreviousHoldingPercentageMember 2013-03-31 0001041657 roia:ReachMediaMember roia:CurrentHoldingPercentageMember 2013-03-31 0001041657 us-gaap:CommonClassAMember roia:StockOptionAndRestrictedStockGrantPlan1999Member 2013-03-31 0001041657 roia:CommonClassDMember roia:StockOptionAndRestrictedStockGrantPlan1999Member 2013-03-31 0001041657 roia:CommonClassDMember roia:StockPlan2009Member 2013-03-31 0001041657 us-gaap:LineOfCreditMember 2013-03-31 0001041657 us-gaap:ChiefExecutiveOfficerMember 2013-03-31 0001041657 us-gaap:CommonClassAMember 2013-05-03 0001041657 us-gaap:CommonClassBMember 2013-05-03 0001041657 us-gaap:CommonClassCMember 2013-05-03 0001041657 roia:CommonClassDMember 2013-05-03 xbrli:shares iso4217:USD iso4217:USDxbrli:shares xbrli:pure RADIO ONE, INC. 0001041657 --12-31 Non-accelerated Filer roia 2711010 2861843 3121048 40321593 10-Q false 2013-03-31 Q1 2013 102964000 71939000 31025000 0 49179000 17029000 5785000 32236000 -1265000 99112000 57649000 41463000 0 49858000 9541000 5052000 35991000 -1330000 31112000 22755000 8357000 0 680000 30473000 14985000 15488000 0 549000 38772000 0 14654000 9593000 9593000 38772000 0 24118000 0 42000 32723000 0 17040000 8339000 9477000 32723000 1138000 15683000 0 69000 9593000 9477000 9685000 7864000 1821000 0 1574000 332000 814000 6748000 217000 9540000 7611000 1929000 0 1543000 287000 710000 6633000 367000 89162000 64330000 24832000 0 83583000 46618000 36965000 0 13802000 7609000 6193000 0 14467000 -159000 -493000 5170000 -5183000 15529000 11031000 4498000 0 15324000 -1093000 -1210000 8592000 -6084000 22000 22000 0 0 40000 40000 0 0 23747000 23498000 249000 0 22246000 21883000 363000 0 7000 7000 0 0 40000 30000 10000 0 -9916000 -15860000 5944000 0 -6637000 -10782000 4145000 0 65254000 65254000 0 0 6681000 6681000 0 0 -75170000 -75184000 5944000 -5930000 -13318000 -12415000 4145000 -5048000 -15000 -1000 -14000 0 903000 0 903000 0 -75185000 -75185000 -5930000 5930000 -5930000 -12415000 -12415000 -5048000 5048000 -5048000 4057000 4057000 0 0 5691000 5691000 0 0 -79242000 -79242000 5930000 -5930000 -18106000 -18106000 5048000 -5048000 -1.58 -0.38 -0.00 0.02 -1.58 -0.36 49994974 49861964 49994974 49861964 27000 17000 29000 14000 97000 97000 0 0 -20000 -20000 0 0 0 0 0 0 0 -20000 0 0 0 -75088000 -75088000 -5930000 5930000 -12435000 -12435000 -5048000 5048000 4057000 4057000 0 0 5691000 5691000 0 0 -79145000 -79145000 -5930000 5930000 -18126000 -18126000 -5048000 5048000 35939000 35752000 0 187000 43884000 43885000 0 -1000 57255000 55744000 0 1511000 46426000 43660000 0 2766000 1597000 1597000 0 0 3212000 3212000 0 0 81912000 53091000 0 28821000 83736000 45703000 0 38033000 5059000 7440000 27723000 28770000 2051000 2890000 127000 124000 0 3000 115000 125000 0 -10000 175724000 144383000 0 31341000 172589000 124291000 0 48298000 38981000 38981000 0 0 39605000 33748000 0 0 35282000 18209000 0 17073000 34790000 17421000 0 17369000 272037000 272037000 673994000 672624000 22530000 20039000 234001000 225965000 97000 97000 0 0 68000 68000 0 0 2983000 2742000 0 241000 2941000 2751000 0 190000 4566000 0 0 4566000 1402000 0 0 1402000 1460195000 1445892000 -585044000 599347000 801340000 31003000 32076000 535344000 60432000 1442060000 1422345000 -609930000 629645000 788156000 35356000 31430000 524024000 63094000 5410000 3616000 0 1794000 6533000 4117000 0 2416000 5849000 5849000 0 0 6069000 6069000 0 0 11165000 9056000 0 2109000 8966000 6340000 0 2626000 17694000 17694000 0 0 16038000 16038000 0 0 16163000 6954000 0 9209000 17225000 3778000 0 13447000 4587000 3840000 107000 13000 0 94000 112000 26000 0 86000 60975000 47769000 0 13206000 58783000 40208000 0 18575000 814131000 814131000 0 0 813536000 813536000 0 0 11163000 11163000 0 0 10835000 10835000 0 0 18303000 17229000 0 1074000 18433000 17309000 0 1124000 188249000 188249000 0 0 194853000 194853000 0 0 23000 0 0 23000 16000 0 0 16000 1092844000 1078541000 0 14303000 1096456000 1076741000 0 19715000 12853000 12853000 0 0 13012000 13012000 0 0 0 0 50000 50000 0 0 3000 41000 3000 3000 49000 49000 0 0 3000 40000 3000 3000 -102000 -102000 0 0 -122000 -122000 0 0 1006873000 1006873000 -156893000 156893000 1005045000 1005045000 -176731000 176731000 -863021000 -863021000 -428151000 428151000 -881127000 -881127000 -433199000 433199000 143800000 143800000 -585044000 585044000 123845000 123845000 -609930000 609930000 210698000 210698000 0 0 208747000 208747000 0 0 354498000 354498000 -585044000 585044000 0 3000 3000 3000 41000 -102000 1006873000 -863021000 210698000 332592000 332592000 -609930000 609930000 0 3000 3000 3000 40000 -122000 1005045000 -881127000 208747000 1460195000 1445892000 -585044000 599347000 1442060000 1422345000 -609930000 629645000 3631000 4301000 0.001 0.001 1000000 1000000 0 0 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 150000000 150000000 30000000 150000000 150000000 150000000 30000000 150000000 3121048 41421667 2719860 2861843 3121048 40469693 2712710 2861843 3121048 41421667 2719860 2861843 3121048 40469693 2712710 2861843 9685000 7864000 0 1821000 9540000 7611000 0 1929000 760000 760000 0 0 1317000 1317000 0 0 8321000 8321000 0 0 8796000 8796000 0 0 2489000 2489000 0 0 2491000 2491000 0 0 65582000 65582000 0 0 6604000 6604000 0 0 44000 44000 0 0 43000 43000 0 0 7038000 7038000 0 0 0 -3555000 -1369000 0 -2186000 1824000 -7388000 0 9212000 -1514000 -1557000 0 43000 3220000 -3283000 0 6503000 3009000 2977000 0 32000 -42000 9000 0 -51000 2610000 2635000 0 -25000 1123000 501000 0 622000 121000 121000 0 0 220000 220000 0 0 604000 487000 0 117000 -2199000 -2716000 0 517000 -431000 -431000 0 0 56000 56000 0 0 -475000 -718000 0 243000 1137000 -3117000 0 4254000 10714000 10714000 0 0 12451000 12451000 0 0 -24000 0 0 -24000 3174000 12000 0 3162000 12485000 18603000 -5930000 -188000 3804000 7597000 -5048000 1255000 2960000 2960000 0 0 2220000 2220000 0 0 3859000 503000 348000 1831000 551000 -5379000 5930000 0 -3548000 -8596000 5048000 0 965000 965000 0 0 960000 960000 0 0 13000 13000 0 0 23000 23000 0 0 4113000 4113000 0 0 7829000 7829000 0 0 -5091000 -5091000 0 0 -11085000 -11085000 0 0 7945000 8133000 0 -188000 -10829000 -12084000 0 1255000 15490000 20710000 60000 8000 -12228000 0 0 0 0 0 0 0 -18106000 5878000 7829000 0 0 0 0 0 0 0 0 7829000 346000 0 0 0 0 0 0 346000 0 0 43000 0 0 0 0 0 0 43000 0 0 <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>1.&#160;&#160;ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:</b></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin-top: 0px; text-indent: 0in; font: 10pt times new roman, times, serif; margin-bottom: 0px; margin-left: 0.25in;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b><i>(a) Organization</i></b></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px 0pt 0.25in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;Radio One, Inc. (a Delaware corporation referred to as &#8220;Radio One&#8221;) and its subsidiaries (collectively, the &#8220;Company&#8221;) is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise that is the largest radio broadcasting operation that primarily targets African-American and urban listeners. We currently own and/or operate 54&#160;broadcast stations located in 16 urban markets in the United States.&#160;&#160;While our primary source of revenue is the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate the premier multi-media entertainment and information content provider targeting African-American and urban consumers. Thus, we have diversified our revenue streams by making acquisitions and investments in other complementary media properties. Our other media interests include our approximately 51.1% (See Note&#160;2&#160;- <i>Acquisitions</i>) controlling ownership interest in TV One, LLC (&#8220;TV One&#8221;), an African-American targeted cable television network that we own with an affiliate of Comcast Corporation; our 80.0% controlling ownership interest in Reach Media, Inc. (&#8220;Reach Media&#8221;), which operates the Tom Joyner Morning Show and our other syndicated programming assets; and our ownership of Interactive One, LLC (&#8220;Interactive One&#8221;), an online platform serving the African-American community through social content, news, information, and entertainment websites, including News One, UrbanDaily and HelloBeautiful and online social networking websites, including BlackPlanet, MiGente and Asian Avenue.&#160; Through our national multi-media presence, we provide advertisers with a unique and powerful delivery mechanism to the African-American and urban audiences.&#160;&#160;&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of June 2011, our then remaining Boston radio station was made the subject of a local marketing agreement (&#8220;LMA&#8221;) whereby we <font style="background-color: white;">made available, for a fee, air time on this station to another party</font>. <font style="color: black;">In addition, beginning as of November 1, 2012, our Columbus, Ohio radio station, WJKR-FM (The Jack, 98.9 FM) was also made the subject of an LMA, and on February 15, 2013, the Company sold that station&#8217;s assets.&#160;</font>The remaining assets and liabilities of stations sold and stations that we do not operate as they are the subject of an LMA have been classified as discontinued operations as of March 31, 2013 and <font style="background-color: white;">December 31, 2012, </font>and the results from operations of those stations for the three months ended March 31, 2013 and <font style="background-color: white; color: black;">2012</font>, have been reclassified as discontinued operations in the accompanying consolidated financial statements.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">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&#8217;s four reportable segments: <font style="background-color: white;">(i) Radio Broadcasting; (ii) Reach Media; (iii) Internet; and (iv) Cable Television. </font>(See Note 10 &#8211;<i> Segment Information</i>.)</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(b)&#160;&#160;Interim Financial Statements</i></b></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">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 (&#8220;SEC&#8221;). In management&#8217;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 (&#8220;GAAP&#8221;) have been condensed or omitted pursuant to such rules and regulations.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Results for interim periods are not necessarily indicative of results to be expected for the full year. This Form&#160;10-Q should be read in conjunction with the financial statements and notes thereto included in the Company&#8217;s 2012 Annual Report on Form&#160;10-K, as amended on Form 10-K/A.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(c)&#160;&#160;Financial Instruments</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">Financial instruments as of </font>March 31, 2013,<font style="background-color: white; color: black;"> and December 31, 2012, consisted of cash and cash equivalents, investments, trade accounts receivable, accounts payable, accrued expenses, long-term debt and redeemable noncontrolling interest. The carrying amounts approximated fair value for each of these financial instruments as of </font>March 31, 2013<font style="background-color: white; color: black;"> and December 31, 2012, respectively, except for the Company&#8217;s outstanding senior subordinated notes. The </font>6<sup>3</sup>/<sub>8</sub><font style="color: black;">% Senior <font style="background-color: white;">Subordinated Notes which were due and paid in full in February 2013 had a carrying value of $747,000 and a fair value of approximately $740,000 as of December&#160;31, 2012. The 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 had a carrying value of approximately $327.0 million and a fair value of approximately $328.7 million as of </font></font>March 31, 2013<font style="background-color: white; color: black;">, and a carrying value of approximately $327.0 million and a fair value of approximately $293.5&#160;million as of December&#160;31, 2012. The fair values, classified as Level 2, were determined based on the trading&#160;values of&#160;these instruments in an inactive market as of the reporting date. The Company&#8217;s 10% Senior Secured TV One Notes due March 2016 are classified as Level 3 since they are not market traded financial instruments.</font></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(d)&#160;&#160;Revenue Recognition</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Within our Radio Broadcasting and Reach Media segments, the Company recognizes revenue for broadcast advertising when a commercial is broadcast and is reported, net of agency and outside sales representative commissions, in accordance with&#160;Accounting Standards Codification (&#8220;ASC&#8221;) 605, &#8220;<i>Revenue Recognition</i>.&#8221;&#160;&#160;Agency and outside sales representative commissions are calculated based on a stated percentage applied to gross billing. Generally, clients remit the gross billing amount to the agency or outside sales representative, and the agency or outside sales representative remits the gross billing, less their commission, to the Company. For our Radio Broadcasting and Reach Media segments, agency and outside sales representative commissions were approximately $6.9&#160;million and $7.1&#160;million for the three months ended March 31, 2013 and 2012, respectively.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Interactive One generates the majority of the Company&#8217;s internet revenue, and derives such revenue principally from advertising services on non-radio station branded websites, including advertising aimed at diversity recruiting. Advertising services include the sale of banner and sponsorship advertisements.&#160;&#160;Advertising revenue is recognized either as impressions (the number of times advertisements appear in viewed pages) are delivered, when &#8220;click through&#8221; purchases are made or leads are generated, or ratably over the contract period, where applicable.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">TV One, the driver of revenues in our <font style="background-color: white; color: black;">Cable Television segment,</font> derives advertising revenue from the sale of television air time to advertisers and recognizes revenue when the advertisements are run. TV One also receives affiliate fees and records revenue during the term of various affiliation agreements based on the most recent subscriber counts reported by the applicable affiliate.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(e)&#160;&#160;Barter Transactions</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">The Company provides advertising time in exchange for programming content and certain services and accounts for these exchanges in accordance with ASC 605, &#8220;<i>Revenue Recognition</i>.&#8221; The terms of these exchanges generally permit the Company to preempt such time in favor of advertisers who purchase time in exchange for cash. The Company includes the value of such exchanges in both 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. </font>For the three months ended March 31, 2013 and 2012, barter transaction revenues were $618,000 and $722,000, respectively. Additionally, barter transaction costs were reflected in programming and technical expenses and selling, general and administrative expenses of $549,000 and $680,000 and $69,000 and $42,000, for the three months ended March 31, 2013 and 2012, respectively.</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(f)&#160;Earnings Per Share</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Basic earnings per share is computed on the basis of the weighted average number of shares of common stock 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.&#160;&#160;The Company&#8217;s potentially dilutive securities include stock options and 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.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The following table sets forth the calculation of basic and diluted earnings per share (in thousands, except share and per share data):</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended&#160;March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Numerator:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; width: 72%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Denominator:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Denominator for basic net loss per share&#160;- weighted-average outstanding shares</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,861,964</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,994,974</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Effect of dilutive securities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Stock options and restricted stock</font></td> <td style="padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Denominator for diluted net loss per share&#160;- weighted-average outstanding shares</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,861,964</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,994,974</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif; color: black;">Net loss attributable to </font><font style="font: 10pt times new roman, times, serif;">common stockholders per share </font><font style="font: 10pt symbol; color: black;">-</font><font style="font: 10pt times new roman, times, serif;">basic<font style="color: black;">&#160;</font></font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(0.36</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1.58</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif; color: black;">Net loss attributable to </font><font style="font: 10pt times new roman, times, serif;">common stockholders per share </font><font style="font: 10pt symbol; color: black;">-</font><font style="font: 10pt times new roman, times, serif; color: black;">diluted&#160;</font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(0.36</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1.58</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">All stock options and restricted stock awards were excluded from the diluted calculation for the three months ended March 31, 2013 and 2012, as their inclusion would have been anti-dilutive.&#160; The following table summarizes the potential common shares excluded from the diluted calculation.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended&#160;March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; width: 72%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Stock options</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,630</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,811</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Restricted stock&#160;awards</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">57</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">119</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 99%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b><i>(g)&#160;Fair Value Measurements</i></b></font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">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, <i>&#8220;Fair Value Measurements and Disclosures.&#8221;</i> ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">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:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="text-align: justify; width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; width: 95%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><i>Level 1</i>: Inputs are unadjusted quoted prices in active markets for identical assets and liabilities that can be accessed at measurement date.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="text-align: justify; width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; width: 95%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><i>Level 2</i>: Observable inputs other than those included in Level 1 (i.e., quoted prices for similar assets or liabilities in&#160;active markets or quoted prices for identical assets or liabilities in inactive markets).</font></td> </tr> <tr style="vertical-align: top;"> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><i>Level 3</i>: Unobservable inputs reflecting management&#8217;s own assumptions about the inputs used in pricing the asset or liability.</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, and December 31, 2012, the fair values of our financial assets and liabilities are categorized as follows:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 3</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="14"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Assets subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate debt securities (a)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mutual funds (a)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Liabilities subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Incentive award plan (b)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Employment agreement award (c)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,181</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,181</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mezzanine equity subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interests (d)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">As of December 31, 2012</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Assets subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate debt securities (a)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mutual funds (a)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Liabilities subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Incentive award plan (b)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Employment agreement award (c)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">16,719</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">16,719</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mezzanine equity subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interests (d)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(a) Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(b) These balances are measured based on the estimated enterprise fair value of TV One. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. For the period ended March 31, 2013, the Company determined that there was no change in TV One&#8217;s enterprise fair value since the December 31, 2012 valuation. </font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="color: black; font-size: 10pt;">(c) &#160; Pursuant to an employment agreement (the &#8220;Employment Agreement&#8221;) executed in April 2008, the Chief Executive Officer (&#8220;CEO&#8221;) is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company&#8217;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 and an assessment of the probability that the employment agreement will be renewed and contain this provision. The Company&#8217;s obligation to pay the award will be triggered only after the Company&#8217;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&#8217;s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award&#160;lapses if the CEO voluntarily leaves the Company or is terminated for cause. In estimating the fair value of the award, the Company determined that there was no change in TV One&#8217;s enterprise fair value since the December 31, 2012 valuation (See Note 6 &#8211; <i>Derivative Instruments and Hedging Activities</i>.)&#160; The terms of the April 2008 employment agreement remain in effect including eligibility for the TV One award. </font><font style="color: black; font-size: 10pt;">&#160;</font></font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(d) &#160; The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology.&#160; A third-party valuation firm assisted the Company in estimating the fair value.&#160;Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160; 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, 2013 and 2012:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Incentive Award Plan</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Employment Agreement Award</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Redeemable Noncontrolling Interests</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="10"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 61%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at December 31, 2012</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Losses included in earnings (unrealized)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">462</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net loss attributable to noncontrolling interests</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(187</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Change in enterprise fair value</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">346</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at March 31, 2013</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">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</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(462</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Incentive Award Plan</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Employment Agreement Award</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Redeemable Noncontrolling Interests</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="10"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 61%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at December 31, 2011</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,096</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10,346</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">20,343</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Losses included in earnings (unrealized)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">350</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income attributable to noncontrolling interests</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">(221</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Change in enterprise fair value</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,330</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at March 31, 2012</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,096</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10,696</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">23,452</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">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</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(350</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">Gains (losses) included in earnings were recorded in the consolidated statements of operations as corporate selling, general and administrative expenses for the three months ended </font>March 31, 2013 and 2012<font style="background-color: white; color: black;">.</font></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="text-align: justify; width: 24%; vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 15%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 17%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="border-bottom: black 1pt solid; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="border-bottom: black 1pt solid; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">March 31, 2012</font></td> </tr> <tr style="vertical-align: middle;"> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Level 3 liabilities</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Valuation Technique</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Significant Unobservable Inputs</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="5"><font size="2" style="font-family:times new roman,times">Significant Unobservable Input Value</font></td> </tr> <tr> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Incentive award plan</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Incentive award plan</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Employment agreement award</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Employment agreement award</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interest</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">12.50%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">12.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interest</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.50%</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Any significant increases or decreases in discount rate or long-term growth rate inputs could result in significantly higher or lower fair value measurements.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Certain assets and liabilities are measured at fair value on a non-recurring basis using Level 3 inputs as defined in ASC 820.&#160;&#160;These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances.&#160;&#160;Included in this category are goodwill, radio broadcasting licenses and other intangible assets, net, that are written down to fair value when they are determined to be impaired, as well as content assets that are periodically written down to net realizable value. The Company concluded these assets were not impaired during the three months ended March 31, 2012<font style="background-color: white; color: black;">, and therefore, were reported at carrying value as opposed to fair value.&#160; The Company recorded impairment of approximately $1.4 million related to our Cincinnati radio broadcasting licenses during the three months ended </font>March 31, 2013<font style="background-color: white; color: black;">.</font></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin-top: 0px; text-indent: 0in; font: 10pt times new roman, times, serif; margin-bottom: 0px; margin-left: 0.25in;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b><i>(h)&#160;Impact of Recently Issued Accounting Pronouncements</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In May 2011, the FASB issued ASU 2011-04, which provides a consistent definition of fair value and ensures that the fair value measurement and disclosure requirements are similar between GAAP and International Financial Reporting Standards. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements. The Company adopted this guidance on January 1, 2012, and it did not have a significant impact on the Company&#8217;s financial statements.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In June 2011, the FASB issued ASU 2011-05, &#8220;<i>Presentation of Comprehensive Income</i>,&#8221; which was subsequently modified in December 2011 by ASU 2011-12, &#8220;<i>Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No.&#160;2011-05</i>.&#8221; This ASU amends existing presentation and disclosure requirements concerning comprehensive income, most significantly by requiring that comprehensive income be presented with net income in a continuous financial statement, or in a separate but consecutive financial statement. The provisions of this ASU (as modified) are effective for fiscal years, and interim periods within those years, beginning after December&#160;15, 2011. The adoption of this guidance did not have a material impact on the Company's financial statements, other than presentation and disclosure.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In September&#160;2011, the FASB issued ASU 2011-08, which provides companies with an option to perform a qualitative assessment that may allow them to skip the two-step impairment test. ASU 2011-08 amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, companies will need to perform a more detailed two-step goodwill impairment test which is used to identify potential goodwill impairments and to measure the amount of goodwill impairment losses to be recognized, if any. ASU 2011-08 is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company adopted this guidance on January 1, 2012, and it did not have a significant impact on the Company&#8217;s financial statements.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In February 2013, the FASB issued ASU 2013-02, &#8220;<i>Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,</i>&#8221; which adds new disclosure requirements for items reclassified out of accumulated other comprehensive income. ASU 2013-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this guidance on January 1, 2013, and it did not have a significant impact on the Company&#8217;s financial statements.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>&#160;</i></b></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(i)&#160;Liquidity and Uncertainties Related to Going Concern</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">On March 31, 2011, the Company entered into a new senior credit facility (the &#8220;2011 Credit Agreement&#8221;).&#160; Under the 2011 Credit Agreement, beginning&#160;June 30, 2011, we became required to maintain compliance with certain financial ratios (as detailed in Note 7<i> </i>&#8212; <i>Long-Term Debt</i>).&#160; Based on our current projections, we expect to be in compliance with&#160;these financial ratios and other covenants over the next twelve months.&#160;&#160;&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>&#160;(j) Redeemable noncontrolling interest</i></b></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Redeemable noncontrolling interests are interests in subsidiaries that are redeemable outside of the Company&#8217;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.&#160;&#160;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.</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(k) Investments</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>Investment Securities</i></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Investments consist primarily of corporate fixed maturity securities and mutual funds.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Investments with original maturities in excess of three months and less than one year are classified as short-term investments. Long-term investments have original maturities in excess of one year.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Debt securities are classified as &#8220;available-for-sale&#8221; and reported at fair value. Investments in available-for-sale fixed maturity securities are classified as either current or noncurrent assets based on their contractual maturities. Fixed maturity securities are carried at estimated fair value based on quoted market prices for the same or similar instruments. Investment income is recognized when earned and reported net of investment expenses. Unrealized gains and losses are excluded from earnings and are reported as a separate component of accumulated other comprehensive income (loss) until realized, unless the losses are deemed to be other than temporary. Realized gains or losses, including any provision for other-than-temporary declines in value, are included in the statements of operations. For purposes of computing realized gains and losses, the specific-identification method of determining cost was used. </font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>Evaluating Investments for Other than Temporary Impairments</i></font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>&#160;</i></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The Company periodically performs evaluations, on a lot-by-lot and security-by-security basis, of its investment holdings in accordance with its impairment policy to evaluate whether any declines in the fair value of investments are other than temporary. This evaluation consists of a review of several factors, including but not limited to: length of time and extent that a security has been in an unrealized loss position, the existence of an event that would impair the issuer&#8217;s future earnings potential, and the near-term prospects for recovery of the market value of a security. The FASB has issued guidance for recognition and presentation of other than temporary impairment (&#8220;OTTI&#8221;), or FASB OTTI guidance. Accordingly, any credit-related impairment of fixed maturity securities that the Company does not intend to sell, and is not likely to be required to sell, is recognized in the consolidated statements of operations, with the noncredit-related impairment recognized in accumulated other comprehensive loss.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company believes that it has adequately reviewed its investment securities for OTTI and that its investment securities are carried at fair value. However, over time, the economic and market environment (including any ratings change for any such securities, including US treasuries and corporate bonds) may provide additional insight regarding the fair value of certain securities, which could change management&#8217;s judgment regarding OTTI. This could result in realized losses relating to other than temporary declines being charged against future income. Given the judgments involved, there is a continuing risk that further declines in fair value may occur and material OTTI may be recorded in future periods.</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(l) Launch Support</i></b></font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>&#160;</i></b></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">TV One has entered into certain affiliate agreements requiring various payments by TV One for launch support. Launch assets are assets used to initiate carriage under new affiliation agreements and are amortized over the term of the respective contracts. Amortization is recorded as a reduction to revenue to the extent that revenue is recognized from the vendor, and any excess amortization is recorded as launch support amortization expense. The weighted-average amortization period for launch support is approximately 10.9 years at each of March 31, 2013, and December 31, 2012. The remaining weighted-average amortization period for launch support is 2.1 years and 2.4 years as of March 31, 2013, and December 31, 2012, respectively. For each of the three months ended March 31, 2013, and 2012, launch asset amortization of approximately $2.5 million was recorded as a reduction of revenue.</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i></i></b></font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i></i></b></font>&#160;</p> <div style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(m) Content Assets</i></b></font></div> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>&#160;</i></b></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">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 perpetuity. 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.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Program rights are recorded at the lower of amortized cost or estimated net realizable value. Program rights are amortized based on the greater of the usage of the program or term of license. Estimated net realizable values are based on the estimated revenues directly associated with the program materials and related expenses. The Company recorded additional amortization expense of $0 and $96,000 as a result of evaluating its contracts for recoverability for the three months ended March 31, 2013, and 2012, respectively. All produced and licensed content is classified as a long-term asset, except for the portion of the unamortized content balance that will be amortized within one year which is classified as a current asset.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>2.&#160;&#160;ACQUISITIONS AND DISPOSITIONS:</b></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On February 15, 2013, the Company closed on the previously announced sale of the assets of one of its Columbus, Ohio radio stations, WJKR-FM (The Jack, 98.9 FM), to Salem Media of Ohio, Inc., a subsidiary of Salem Communications (&#8220;Salem&#8221;). &#160;The Company sold the assets of WJKR for $4 million and recognized a gain on the sale of $893,000.&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On December 31, 2012, the Company through its wholly-owned subsidiary Radio One Media Holdings, LLC (&#8220;ROMH&#8221;) completed the purchase of additional shares of Reach Media from certain minority shareholders.&#160;&#160;In addition to $2 million in cash consideration paid to increase the Company&#8217;s ownership in Reach Media from approximately 53.5% to 80%, effective January 1, 2013, the Radio Broadcasting segment contributed the assets and operations of its Syndication One urban programming line-up to Reach Media. We consolidated our syndication operations within Reach Media to leverage that platform to create the leading syndicated radio network targeted to the African-American audience. In connection with the consolidation, we shifted our syndicated programming sales to an internal sales force operating out of Reach Media.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">On July 18, 2012, we entered into an LMA with Gaffney Broadcasting, Incorporated (&#8220;Gaffney&#8221;). Beginning as of August 27, 2012, we began to broadcast programs produced, owned or acquired by Radio One on Gaffney&#8217;s South Carolina radio station, WOSF-FM (previously WNOW-FM). We pay certain operating costs of WOSF-FM, and in exchange we retain all revenues from the sale of the advertising within the programming we provide. The LMA continues for 18 months or until our consummation of an acquisition of the station under a stock purchase agreement (the &#8220;SPA&#8221;) with the stockholders of Gaffney. The closing of the acquisition under the SPA is subject to certain conditions including but not limited to approval by the Federal Communications Commission (the &#8220;FCC&#8221;) of the transfer of Gaffney&#8217;s FCC licenses.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="color: black;">On October 20, 2011, we entered into an LMA with WGPR, Inc. (&#8220;WGPR&#8221;). Pursuant to the LMA, beginning as of October 24, 2011, we began to broadcast programs produced, owned or acquired by Radio One on WGPR&#8217;s Detroit radio station, WGPR-FM. We pay certain operating costs of WGPR-FM, and in exchange we will retain all revenues from the sale of the advertising within the programming we provide. The LMA continues until December 31, 2014 and we have two successive 1-year options for a 4th year and a 5th year that would extend the term until December 31, 2015 and December 31, 2016, respectively. Under the terms of the LMA, </font>WGPR has also agreed to grant us certain rights of first negotiation and first refusal, with respect to the sale of <font style="color: black;">WGPR-FM</font> by WGPR and with respect to any potential time brokerage agreement for <font style="color: black;">WGPR-FM</font> covering any time period subsequent to the term of the LMA.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">On February&#160;25, 2011, TV One completed a privately placed debt offering of $119&#160;million (the &#8220;Redemption&#160;Financing&#8221;). The Redemption&#160;Financing is structured as senior secured notes bearing a 10% coupon and due in 2016. Subsequently, on February&#160;28, 2011, TV One utilized $82.4&#160;million of the Redemption&#160;Financing to repurchase 15.4% of its outstanding membership interests from certain of its financial investors and 2.0% of its outstanding membership interests held by TV One management (representing approximately 50% of interests held by management). </font>Beginning on April 14, 2011, the Company began to account for TV One on a consolidated basis after having executed an amendment to the TV One operating agreement with the remaining members of TV One concerning certain governance issues. The Company&#8217;s purchase accounting consisted of approximately $61.2 million to current assets, $39.0 million to launch assets, $2.4 million to fixed assets, $204.1 million to indefinite-lived intangibles (goodwill and TV One brand), $287.3 million to definite-lived intangibles (content assets, acquired advertising contracts, advertiser relationships, affiliation agreements, etc.), $225.7 million to liabilities (including the $119.0 million in debt discussed above) and $203.0 million in noncontrolling interests. In accordance with accounting standards applicable to business combinations, the Company recorded the assets and liabilities of TV One at fair value as of April 14, 2011. The Company recognized an after-tax gain of approximately $146.9 million during the second quarter of 2011 associated with the transaction. The gain is computed as the difference between the carrying value of the Company&#8217;s investment in TV One prior to date of consolidation and the fair value of Radio One&#8217;s interest in TV One as of the consolidation date. Finally, on April&#160;25, 2011, TV One utilized the balance of the Redemption&#160;Financing to repurchase 12.4% of its outstanding membership interests from an investor. These redemptions by TV One increased Radio One&#8217;s ownership interest in TV One from 36.8% to approximately 50.9% as of April&#160;25, 2011. Since April 2011, our ownership in TV One increased to approximately 51.1% after redemptions of certain management interests.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>3.&#160;&#160;DISCONTINUED OPERATIONS:</b></font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of June 2011, our then remaining Boston radio station was made the subject of an LMA whereby we <font style="background-color: white; color: black;">made available, for a fee, air time on this station to another party</font>. As of November 2012, our Columbus, Ohio radio station operating under the call letters WJKR was made the subject of an LMA and was subsequently sold on February 15, 2013. The remaining assets and liabilities of stations sold and stations that we do not operate as they are the subject of an LMA have been reclassified as discontinued operations as of March 31, 2013, and <font style="background-color: white; color: black;">December 31, 2012. Thus,</font> stations sold and stations that we do not operate that are the subject of an LMA results from operations for the three months ended March 31, 2013 and 2012, have been reclassified as discontinued operations in the accompanying consolidated financial statements.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The following table summarizes the operating results for the stations sold and stations that we do not operate that are the subject of an LMA and are classified as discontinued operations for all periods presented:</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net revenue</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">78</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Station operating expenses</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">65</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">165</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Depreciation and amortization</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">12</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">18</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Interest income</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">87</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">90</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Gain on sale of assets</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">893</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Income (loss) from discontinued operations, net of tax</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">903</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(15</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The assets and liabilities of these stations classified as discontinued operations in the accompanying consolidated balance sheets consisted of the following:&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">As of</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">March 31,</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Currents assets:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; width: 74%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Accounts receivable, net of allowance for doubtful accounts</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">115</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">127</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">115</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">127</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Intangible assets, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,202</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,302</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Property and equipment, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">200</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">264</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total assets</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,517</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,693</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Current liabilities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Other current liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">112</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">107</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">112</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">107</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Long-term liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">23</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total liabilities</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">128</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">130</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>4.&#160;&#160;GOODWILL AND RADIO BROADCASTING LICENSES:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><i>Impairment Testing</i></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">In the past, we have made acquisitions whereby a significant amount of the purchase price was allocated to radio broadcasting licenses, goodwill and other intangible assets. In accordance with ASC 350, <i>&#8220;Intangibles - Goodwill and Other,&#8221;</i> we do not amortize our radio broadcasting licenses and goodwill. Instead, we perform a test for impairment annually or on an interim basis when events or changes in circumstances or other conditions suggest impairment may have occurred. Other intangible assets continue to be amortized on a straight-line basis over their useful lives. We perform our annual impairment test as of October 1 of each year.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><i>Valuation of Broadcasting Licenses</i></font></p> <p style="text-align: justify; background-color: white; text-indent: 9pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">We utilize the services of a third-party valuation firm to provide independent analysis when evaluating the fair value of our radio broadcasting licenses and reporting units. Fair value is estimated to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We use the income approach to test for impairment of radio broadcasting licenses. We believe this method of valuation to be consistent with ASC 805-20-S-99-3, <i>&#8220;Use of the Residual Method to Value Acquired Assets Other Than Goodwill.&#8221;</i> A projection period of 10 years is used, as that is the time horizon in which operators and investors generally expect to recover their investments. When evaluating our radio broadcasting licenses for impairment, the testing is done at the unit of accounting level as determined by ASC 350, <i>&#8220;Intangibles - Goodwill and Other.&#8221;</i> In our case, each unit of accounting is a clustering of radio stations into one of the 16 geographical radio markets that we own and/or operate.&#160;&#160;Broadcasting license fair values are based on the estimated after-tax discounted future cash flows of the applicable unit of accounting assuming an initial hypothetical start-up operation which possesses FCC licenses as the only asset. Over time, it is assumed the operation acquires other tangible assets such as advertising and programming contracts, employment agreements and going concern value, and matures into an average performing operation in a specific radio market. The income approach model incorporates several variables, including, but not limited to: (i) radio market revenue estimates and growth projections; (ii) estimated market share and revenue for the hypothetical participant; (iii) likely media competition within the market; (iv) estimated start-up costs and losses incurred in the early years; (v) estimated profit margins and cash flows based on market size and station type; (vi) anticipated capital expenditures; (vii) probable future terminal values; (viii) an effective tax rate assumption; and (ix) a discount rate based on the weighted-average cost of capital for the radio broadcast industry. In calculating the discount rate, we considered: (i) the cost of equity, which includes estimates of the risk-free return, the long-term market return, small stock risk premiums and industry beta; (ii) the cost of debt, which includes estimates for corporate borrowing rates and tax rates; and (iii) estimated average percentages of equity and debt in capital structures. Since our annual October 2012 assessment, we have not made any changes to the methodology for valuing broadcasting licenses.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">During the first quarter of 2013, the total market revenue growth for one of the markets in which we operate was below that used in our 2012 annual impairment testing. We deemed that to be an impairment indicator that warranted interim impairment testing of that market&#8217;s radio broadcasting licenses, which we performed as of March 31, 2013. The Company recorded an impairment charge of approximately $1.4 million related to our Cincinnati FCC radio broadcasting licenses. There were no impairment indicators present for any of our other radio broadcasting licenses. During the second quarter of 2012, the total market revenue growth for certain markets was below that used in our 2011 annual impairment testing. We deemed that to be an impairment indicator that warranted interim impairment testing of certain of our radio broadcasting licenses, which we performed as of June 30, 2012. The Company recorded an impairment charge of $313,000 related to our Charlotte radio broadcasting licenses. The remaining radio broadcasting licenses that were tested during the second quarter of 2012 were not impaired. The Company completed its annual impairment testing as of October 1, 2012, and concluded that our radio broadcasting licenses were not impaired. Below are some of the key assumptions used in the income approach model for estimating broadcasting licenses fair values for all annual impairment assessments and interim impairment assessments where impairment was identified, since January&#160;2012. </font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; border-left: windowtext 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" rowspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Radio Broadcasting Licenses</b></font></td> <td style="border-bottom: black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" rowspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>June 30,</b></font></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>October 1, </b></font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>March 31,</b></font></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2012 (a)</b></font></td> <td style="border-bottom: windowtext 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2012</b></font></td> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2013 (a)</b></font></td> <td style="border-bottom: windowtext 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; border-right: windowtext 1pt solid;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="padding-left: 5.4pt; width: 48%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 13%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 13%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 11%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 3%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Pre-tax impairment charge (in millions)</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">0.3</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">&#8212;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.4</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Discount Rate</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">10.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">10.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">10.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Year 1 Market Revenue Growth Rate Range</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.0% -3.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.0% -2.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Long-term Market Revenue Growth Rate Range (Years 6 &#8211; 10)</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.0% - 2.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.0% -2.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.5</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Mature Market Share Range</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">5.8% - 15.6</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.7% - 27.4</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">8.6&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Operating Profit Margin Range</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">29.1% - 48.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">19.6% - 47.7</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">31.4&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="text-align: center; width: 2%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">(a) </font></td> <td style="text-align: justify; width: 98%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><i>Valuation of Goodwill</i></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The impairment testing of goodwill is performed at the reporting unit level. In testing for the impairment of goodwill, with the assistance of a third-party valuation firm, we primarily rely on the income approach. The approach involves a 10-year model with similar variables as described above for broadcasting licenses, except that the discounted cash flows are generally based on the Company&#8217;s estimated and projected market revenue, market share and operating performance for its reporting units, instead of those for a hypothetical participant. We follow a two-step process to evaluate if a potential impairment exists for goodwill. The first step of the process involves estimating the fair value of each reporting unit. If the reporting unit&#8217;s fair value is less than its carrying value, a second step is performed as per the guidance of ASC 805-10, <i>&#8220;Business Combinations,&#8221;</i> to allocate the fair value of the reporting unit to the individual assets and liabilities of the reporting unit in order to determine the implied fair value of the reporting unit&#8217;s goodwill as of the impairment assessment date. Any excess of the carrying value of the goodwill over the implied fair value of the goodwill is written off as a charge to operations. Since our annual assessment, we have not made any changes to the methodology of valuing or allocating goodwill when determining the carrying values of the radio markets, Reach Media, Interactive One or TV One.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><i>&#160;</i></font></p> <p style="text-align: justify; margin-top: 0px; text-indent: 0in; font: 10pt times new roman, times, serif; margin-bottom: 0px; margin-left: 0in;"><font style="background-color: white;; font-family:times new roman,times" size="2"><i>Goodwill Valuation Results</i></font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">There were no changes to the carrying amount of goodwill in any of the Company&#8217;s segments since December 31, 2012.</font></p> <p style="background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>5.&#160;&#160;INVESTMENTS:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company&#8217;s investments (short-term and long-term) consist of the following:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amortized Cost</font><br /><font size="2" style="font-family:times new roman,times">Basis</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Gross Unrealized Losses</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Gross Unrealized Gains</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair</font><br /><font size="2" style="font-family:times new roman,times">Value</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 36%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Corporate debt securities</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,298</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(7</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Mutual funds</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,002</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">2</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total investments</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,300</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(31</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amortized Cost</font><br /><font size="2" style="font-family:times new roman,times">Basis</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Gross Unrealized Losses</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Gross </font><br /><font size="2" style="font-family:times new roman,times">Unrealized Gains</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair</font><br /><font size="2" style="font-family:times new roman,times">Value</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 36%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Corporate debt securities</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">85</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">107</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Mutual funds</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,512</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(11</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total investments</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,597</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(11</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">108</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The following tables show the gross unrealized losses and fair value of the Company&#8217;s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair</font><br /><font size="2" style="font-family:times new roman,times">Value</font><br /><font size="2" style="font-family:times new roman,times">&lt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Unrealized Losses</font><br /><font size="2" style="font-family:times new roman,times">&lt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair</font><br /><font size="2" style="font-family:times new roman,times">Value </font><br /><font size="2" style="font-family:times new roman,times">&gt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Unrealized Losses</font><br /><font size="2" style="font-family:times new roman,times">&gt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Total Unrealized Losses</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="18"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 30%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Corporate debt securities</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,075</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(7</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(7</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Mutual funds</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,475</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total investments</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,550</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(31</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(31</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair</font><br /><font size="2" style="font-family:times new roman,times">Value</font><br /><font size="2" style="font-family:times new roman,times">&lt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Unrealized Losses</font><br /><font size="2" style="font-family:times new roman,times">&lt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair</font><br /><font size="2" style="font-family:times new roman,times">Value </font><br /><font size="2" style="font-family:times new roman,times">&gt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Unrealized Losses</font><br /><font size="2" style="font-family:times new roman,times">&gt; 1 Year</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Total Unrealized Losses</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="18"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; width: 30%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Mutual funds</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,235</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(11</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(11</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total investments</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,235</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(11</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(11</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company&#8217;s investments in debt securities are sensitive to interest rate fluctuations, which impact the fair value of individual securities. Unrealized losses on the Company&#8217;s investments in debt securities have occurred due to volatility and liquidity concerns within the capital markets during the quarter ended March 31, 2013.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The amortized cost and estimated fair value of debt securities at March 31, 2013, by contractual maturity, are shown below.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amortized Cost Basis</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Fair Value</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 72%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Within 1 year</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,273</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,272</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">After 1 year through 5&#160;years</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">25</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">28</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total debt securities</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,298</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">A primary objective in the management of the fixed maturity portfolios is to maximize total return relative to underlying liabilities and respective liquidity needs. In achieving this goal, assets may be sold to take advantage of market conditions or other investment opportunities, as well as tax considerations. Sales will generally produce realized gains or losses. In the ordinary course of business, the Company may sell securities for a number of reasons, including, but not limited to: (i) changes to the investment environment; (ii) expectation that the fair value could deteriorate further; (iii) desire to reduce exposure to an issuer or an industry; (iv) changes in credit quality; and (v) changes in expected cash flow. Available-for-sale securities were sold as follows:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 68%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Proceeds from sales</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">503</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,859</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Gross realized gains</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Gross realized losses</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(37</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>6.&#160;&#160;DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;<font style="background-color: white; color: black;">ASC 815, <i>&#8220;Derivatives and Hedging,&#8221;</i> establishes disclosure requirements related to derivative instruments and hedging activities&#160;with the intent to provide users of financial statements with an enhanced understanding of: (i) how and why an entity uses derivative instruments; (ii) how derivative instruments and related hedged items are accounted for and its related interpretations; and (iii) how derivative instruments and related hedged items affect an entity&#8217;s financial position, financial performance, and cash flows. ASC 815 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about the fair value of&#160;gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.</font></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The Company recognizes all derivatives at fair value, whether designated in hedging relationships or not, on the balance sheet as either an asset or liability. The accounting for changes in the fair value of a derivative, including certain derivative instruments embedded in other contracts, depends on the intended use of the derivative and the resulting designation. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged item are recognized in the statement of operations. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in other comprehensive income and are recognized in the statement of operations when the hedged item affects net income. As of March 31, 2013, the Company has no such instruments. If a derivative does not qualify as a hedge, it is marked to fair value through the statement of operations.&#160; </font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">As of March 31, 2013, the Company was party to an Employment Agreement executed in April 2008 with the CEO. Pursuant to the Employment Agreement, the CEO is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company&#8217;s aggregate investment in TV One. The Company reassessed the estimated fair value of the award at March 31, 2013, to be approximately $11.8 million, and accordingly,&#160;adjusted its liability&#160;to this amount. The Company&#8217;s obligation to pay the award will be triggered only after the Company&#8217;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&#8217;s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award&#160;lapses if the CEO voluntarily leaves the Company, or is terminated for cause. The terms of the April 2008 employment agreement remain in effect including eligibility for the TV One award.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The fair values and the presentation of the Company&#8217;s derivative instruments in the consolidated balance sheets are as follows:&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; padding-bottom: 1pt;" colspan="9"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Liability&#160;Derivatives</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="4"><font size="2" style="font-family:times new roman,times"><b>As of March 31, 2013</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="4"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>As&#160;of&#160;December&#160;31,&#160;2012</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="4"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>(Unaudited)</b></font></td> <td colspan="5"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="9"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>(In thousands)</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="9"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Balance&#160;Sheet Location</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Fair Value</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Balance&#160;Sheet Location</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Fair&#160;Value</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; width: 36%;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Derivatives not designated as hedging instruments:</b></font></td> <td style="padding-bottom: 1pt; width: 21%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; width: 8%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 21%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; width: 8%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Employment agreement award</font></td> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Other Long-Term Liabilities</font></td> <td style="text-align: right; padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">11,836</font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Other Long-Term Liabilities</font></td> <td style="text-align: right; padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">11,374</font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; padding-bottom: 2.5pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Total derivatives</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">11,836</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">11,374</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The effect and the presentation of the Company&#8217;s derivative instruments on the consolidated statements of operations are as follows:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="border-bottom: black 1pt solid; text-align: center; padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Derivatives&#160;Not&#160;Designated as&#160;Hedging&#160;Instruments</b></font></td> <td style="border-bottom: black 1pt solid; text-align: center; padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Location&#160;of&#160;Gain (Loss) <br />in&#160;Income&#160;of&#160;Derivative</b></font></td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt;" colspan="3"> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Amount&#160;of&#160;Gain (Loss) in&#160;Income&#160;of&#160;Derivative</b></font></p> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="3"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Three Months Ended March 31,</b></font></td> </tr> <tr> <td style="padding-bottom: 1pt; width: 21%; vertical-align: top;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 32%; vertical-align: top;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 21%; vertical-align: bottom;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2013</b></font></td> <td style="padding-bottom: 1pt; width: 5%; vertical-align: top;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 21%; vertical-align: top;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2012</b></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="3"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>(Unaudited)</b></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="3"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>(In thousands)</b></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="3"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: top;"> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Employment agreement award</font></td> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Corporate selling, general and <br />administrative expense</font></td> <td style="border-bottom: black 1pt solid;"> <p style="text-align: right; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: right; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$462</font></p> </td> <td style="text-align: right; padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"> <p style="text-align: right; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: right; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$350</font></p> </td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>7.&#160;&#160;LONG-TERM DEBT:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Long-term debt consists of the following:</font></p> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Senior bank term debt</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">376,336</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">377,297</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">6<sup>3</sup>/<sub>8</sub><font style="color: black;">% Senior Subordinated Notes due February 2013</font></font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">747</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10% Senior Secured TV One Notes due March 2016</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total debt</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">822,370</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">824,078</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Less: current portion</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,587</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Less: original issue discount</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,994</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,360</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Long-term debt, net</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">813,536</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">814,131</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><b><i>&#160;</i></b></font></p> <p style="background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><b><i>Credit Facilities</i></b></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 13.2pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">On March 31, 2011, the Company entered into a senior secured credit facility (the &#8220;2011 Credit Agreement&#8221;) with a syndicate of banks and simultaneously borrowed $386.0 million to retire all outstanding obligations under the Company&#8217;s previous amended and restated credit agreement and to fund our obligation with respect to a capital call initiated by TV One.&#160;&#160;The total amount available under the 2011 Credit Agreement is $411.0 million, consisting of a $386.0 million senior bank term debt that matures on March 31, 2016, and a $25.0 million revolving loan facility that matures on March 31, 2015. Borrowings under the credit facilities are subject to compliance with certain covenants including, but not limited to, certain financial covenants. Proceeds from the credit facilities can be used for working capital, capital expenditures made in the ordinary course of business, its common stock repurchase program, permitted direct and indirect investments and other lawful corporate purposes. On December 19, 2012, the Company entered into an amendment to the 2011 Credit Agreement (the &#8220;December 2012 Amendment&#8221;). The December 2012 Amendment: (i) modifies financial covenant levels with respect to&#160;the Company's&#160;total-leverage, secured-leverage, and interest-coverage ratios; (ii) increases the amount of cash&#160;the Company&#160;can net for determination of its net indebtedness tests; and (iii) extends the time for certain of the 2011 Credit Agreement's call premium while reducing the time for its later and lower premium. </font></p> <p style="text-align: justify; text-indent: 13.2pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 13.2pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The 2011 Credit Agreement, as amended, contains affirmative and negative covenants that the Company is required to comply with, including:</font></p> <p style="text-align: justify; text-indent: 13.2pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="background-color: white; width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 24px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 25px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">(a)</font></td> <td style="text-align: justify;"><font style="background-color: white; font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">maintaining an interest coverage ratio of no less than:</font></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="background-color: white; vertical-align: top;"> <td style="width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; text-indent: 0px; padding-left: 0px; width: 5%; padding-right: 0px; padding-top: 0px;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="width: 90%;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.10 to 1.00 on December 31, 2012, and the last day of each fiscal quarter through&#160;December 31, 2013;</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.20 to 1.00 on March 31, 2014, and the last day of each fiscal quarter through&#160;September 30, 2014;</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.25 to 1.00 on December 31, 2014, and the last day of each fiscal quarter through&#160;September 30, 2015; and</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.50 to 1.00 on December 31, 2015, and the last day of each fiscal quarter thereafter.</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">(b)&#160;&#160;&#160;maintaining a senior secured leverage ratio of no greater than:</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; width: 5%;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify; width: 90%;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">4.50 to 1.00 on September 30, 2012, and the last day of each fiscal quarter through&#160;December 31, 2013;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">4.25 to 1.00 on March 31, 2014, and the last day of each fiscal quarter through&#160;June 30, 2014;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">4.00 to 1.00 on September&#160;&#160;30, 2014;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">3.75 to 1.00 on December 31, 2014; </font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">3.25 to 1.00 on March 31, 2015, and the last day of each fiscal quarter through&#160;September 30, 2015;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">2.75 to 1.00 on December 31, 2015, and the last day of each fiscal quarter thereafter.</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">(c)&#160;&#160;&#160;maintaining a total leverage ratio of no greater than:</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; width: 5%;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify; width: 90%;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">8.50 to 1.00 on December 31, 2012, and the last day of each fiscal quarter through&#160;December 31, 2013;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">8.25 to 1.00 on March 31, 2014, and June 30, 2014;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">8.00 to 1.00 on September 30, 2014;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">7.50 to 1.00 on December 31, 2014;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">6.50 to 1.00 on March 31, 2015, and the last day of each fiscal quarter through&#160;September 30, 2015;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">6.00 to 1.00 on December 31, 2015, and the last day of each fiscal quarter thereafter.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 13.2pt; margin: 0pt 0px 0pt 13.2pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">(d)&#160;&#160;&#160;limitations on:</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; width: 5%;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify; width: 90%;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">liens;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">sale of assets;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">payment of dividends; and</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;"><font style="font: 10pt wingdings; color: black;; font-family:times new roman,times" size="2">&#167;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">mergers.</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, ratios calculated in accordance with the 2011 Credit Agreement, as amended, are as follows:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1.5pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>As of March 31, 2013</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1.5pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Covenant Limit</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1.5pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Excess Coverage</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Pro Forma Last Twelve Months Covenant EBITDA (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">86.6</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Pro Forma Last Twelve Months Interest Expense (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">68.7</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Senior Debt (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">352.4</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Total Debt (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">679.4</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Senior Secured Leverage&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Senior Secured Debt / Covenant EBITDA&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">4.07</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">4.50</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.43</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Total Leverage</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="width: 58%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Total Debt / Covenant EBITDA</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">7.84</font></td> <td style="width: 1%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">8.50</font></td> <td style="width: 1%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.66</font></td> <td style="width: 1%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Interest Coverage</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Covenant EBITDA / Interest Expense</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.26</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.10</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.16</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">EBITDA - Earnings before interest, taxes, depreciation and amortization&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In accordance with the 2011 Credit Agreement, as amended, the calculations for the ratios above do not include the operating results and related debt of TV One.</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">As of March 31, 2013, the Company was in compliance with all of its financial covenants under the 2011 Credit Agreement, as amended.&#160;&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Under the terms of the 2011 Credit Agreement, as amended, interest on base rate loans is payable quarterly and interest on LIBOR loans is payable monthly or quarterly.&#160;The base rate is equal to the greater of: (i) the prime rate; (ii) the Federal Funds Effective Rate plus 0.50%; or (iii) the LIBOR Rate for a one-month period plus 1.00%. &#160;The applicable margin on the 2011 Credit Agreement is between (i) 4.50% and 5.50% on the revolving portion of the facility and (ii) 5.00% (with a base rate floor of 2.5% per annum) and 6.00% (with a LIBOR floor of 1.5% per annum) on the term portion of the facility. The average interest rate was 7.50% for the three months ended March 31, 2013. Quarterly installments of 0.25%, or $960,000, of the principal balance on the term loan are payable on the last day of each March, June, September and December.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">As of March 31, 2013, the Company had approximately $24.0 million of borrowing capacity under its revolving credit facility. After taking into consideration the financial covenants under the 2011 Credit Agreement, as amended,&#160;approximately $24.0 million was available to be borrowed.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">As of March 31, 2013, the Company had outstanding approximately $376.3 million on its term credit facility. During the quarter ended March 31, 2013, the Company repaid approximately $1.0 million under the 2011 Credit Agreement, as amended. According to the terms of the Credit Agreement, as amended, there was no term loan principal repayment based on its December 31, 2012 excess cash flow calculation. The original issue discount is being&#160;reflected as an adjustment to the carrying amount of the debt obligation&#160;and amortized to interest expense over the term of the credit facility.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><b><i>Senior Subordinated Notes</i></b></font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">On November 24, 2010, we issued $286.8 million of our 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 (the &#8220;12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016&#8221;) in a private placement and exchanged and then cancelled approximately $97.0 million of $101.5 million in aggregate principal amount outstanding of our 8&#8542;% senior subordinated notes due 2011 (the &#8220;2011 Notes&#8221;) and approximately $199.3 million of $200.0 million in aggregate principal amount outstanding of our </font>6<sup>3</sup>/<sub>8</sub><font style="background-color: white; color: black;">% Senior Subordinated Notes that matured in February 2013 (the &#8220;2013 Notes&#8221; and the 2013 Notes together with the 2011 Notes, the &#8220;Prior Notes&#8221;).&#160;&#160;We entered into supplemental indentures in respect of each of the Prior Notes which waived any and all existing defaults and events of default that had arisen or may have arisen that may be waived and eliminated substantially all of the covenants in each indenture governing the Prior Notes, other than the covenants to pay principal and interest on the Prior Notes when due, and eliminated or modified the related events of default. Subsequently, all remaining outstanding 2011 Notes were repurchased pursuant to the indenture governing the 2011 Notes, effective as of December 24, 2010.</font></font></p> <p style="text-align: justify; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">As of March 31, 2013, the Company had outstanding $327.0 million of our 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016. The 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 had a carrying value of $327.0 million and a fair value of approximately $328.7&#160;million as of March 31, 2013.&#160;The fair values were determined based on the trading value of the instruments as of the reporting date.</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">Interest payments under the terms of the </font>6<sup>3</sup>/<sub>8</sub><font style="background-color: white; color: black;">% Senior Subordinated Notes that matured in February 2013, were due in February and August.&#160;&#160;Based on the $747,000 principal balance of the </font>6<sup>3</sup>/<sub>8</sub><font style="background-color: white; color: black;">% Senior Subordinated Notes outstanding at December 31, 2012, interest payments of $24,000 were paid each February and August through February 2013.</font></font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Interest on the 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes was initially payable in cash, or at our election, partially in cash and partially through the issuance of additional 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes (a &#8220;PIK Election&#8221;) on a quarterly basis in arrears on February 15, May 15, August 15 and November 15, commencing on February 15, 2011.&#160;&#160;We made a PIK Election only with respect to interest accruing up to but not including May 15, 2012, and with respect to interest accruing from and after May 15, 2012, such interest accrues at a rate of 12<sup>1</sup>/<sub>2</sub>% payable in cash.</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Interest on the 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 accrued from the date of original issuance or, if interest had already been paid, from the date it was most recently paid.&#160;&#160;Interest accrues for each quarterly period at a rate of 12<sup>1</sup>/<sub>2</sub>% for such quarterly period that interest is paid fully in cash.&#160;&#160;However, during the period the PIK Election was in effect, the interest paid in cash and the interest paid-in-kind by issuance of additional 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 (&#8220;PIK Notes&#8221;) accrued for such quarterly period at 6.0% cash per annum and 9.0% PIK per annum.</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">A PIK Election remained in effect through May 15, 2012. After May 15, 2012, interest accrued at a rate of 12<sup>1</sup>/<sub>2</sub>% and was payable wholly in cash and the Company no longer had an option to pay any portion of its interest through the issuance of PIK Notes.</font> <font style="background-color: white; color: black;">During the year ended December 31, 2012, the Company issued approximately $14.2 million of additional 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes in accordance with the PIK Election that was in effect through May 15, 2012.</font></font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The indentures governing the Company&#8217;s 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes also contain 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.</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">The Company conducts a portion of its business through its subsidiaries. Certain of the Company&#8217;s subsidiaries have fully and unconditionally guaranteed the Company&#8217;s 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes, the </font>6<sup>3</sup>/<sub>8</sub><font style="background-color: white; color: black;">% Senior Subordinated Notes and the Company&#8217;s obligations under the 2011 Credit Agreement, as amended.</font></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"><b><i>TV One Senior Secured Notes</i></b></font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In connection with the Redemption&#160;Financing, TV One issued $119.0 million in senior secured notes on February 25, 2011. The notes were issued in connection with the repurchase of equity interests from certain financial investors and TV One management. The notes bear interest at 10.0% per annum, which is payable monthly, and the entire principal amount is due on March 15, 2016.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Future scheduled minimum principal payments of debt as of March 31, 2013, are as follows:</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"></font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Credit Facility</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Senior Subordinated Notes</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">TV One Senior Secured Notes</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font size="2" style="font-family:times new roman,times"><b>(Unaudited)</b></font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font size="2" style="font-family:times new roman,times"><b>(In thousands)</b></font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="6"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">April &#8211; December 2013</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">2,880</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">2,880</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">2014</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">2015</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">2016</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">365,776</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">811,810</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">Total Debt</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">376,336</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">822,370</font></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>8.&#160;&#160;INCOME TAXES:</b></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company recorded a tax expense of approximately $6.7 million on a pre-tax loss from continuing operations of approximately $6.6 million for the three month period ended March 31, 2013, based on the actual effective tax rate for the current period. Because our income tax expense does not have a correlation to our pre-tax earnings, changes in those earnings can have a significant impact on the income tax expense we recognize. As a result, we believe the actual effective tax rate best represents the estimated effective rate for the three month period ended March 31, 2013. This is a change from the method used to calculate the income tax provision of $65.3 million during the period ended March 31, 2012, which was based on the&#160;estimated annual effective tax rate. The Company continues to estimate a range of possible outcomes due to the proportion of deferred tax expense from indefinite-lived intangibles over operating income. Thus, the Company believes the actual effective rate best represents the estimated effective rate for the three months ended March 31, 2013, in accordance with ASC 740-270, "<i>Interim Reporting</i>."</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, the Company continues to maintain a full valuation allowance for entities, including Reach Media for its net deferred tax assets, but excludes deferred tax liabilities related to indefinite-lived intangible assets. In accordance with ASC 740, "<i>Accounting for Income Taxes</i>", the Company continually assesses the adequacy of the valuation allowance by assessing the likely future tax consequences of events that have been realized in the Company's financial statements or tax returns, tax planning strategies, and future profitability.&#160; As of <font style="background-color: white;">March </font>31, 2013, the Company does not believe it is more likely than not that the deferred tax assets will be realized.&#160; As part of the assessment, the Company has not included the deferred tax liability related to indefinite-lived intangible assets as a source of future taxable income to support realization of the deferred tax assets.</font></p> <p style="text-align: justify; background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>9.&#160;&#160;STOCKHOLDERS&#8217; EQUITY:</b>&#160;</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>&#160;</i></b></font></p> <p style="text-align: justify; background-color: white; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>Stock Repurchase Program</i></b></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">In January 2013, the Company&#8217;s board of directors authorized a repurchase of shares of the Company&#8217;s Class A and Class D common stock (the &#8220;2013 Repurchase Authorization&#8221;). Under the 2013 Repurchase Authorization, the Company is authorized, but is not obligated, to repurchase up to $2.0 million worth of its Class A and/or Class D common stock.&#160;&#160;Repurchases will be made from time to time in the open market or in privately negotiated transactions in accordance with applicable laws and regulations.&#160;&#160;The timing and extent of any repurchases will depend upon prevailing market conditions, the trading price of the Company&#8217;s Class A and/or Class D common stock and other factors, and subject to restrictions under applicable law.&#160;&#160;The Company executes upon the stock repurchase program in a manner consistent with market conditions and the interests of the stockholders, including maximizing stockholder value.&#160;&#160;The Company continues to have an open stock repurchase authorization with respect to its Class A and D stock. </font><font style="color: black;">During the three months ended</font> March 31, 2013, the Company repurchased 951,974 shares of Class D common stock in the amount of $1,514,903 at an average price of $1.59 per share and 7,150 shares of Class A common stock in the amount of $11,026 at an average price of $1.54 per share. During the three months ended March 31, 2012, the Company did not repurchase any Class A Common Stock or Class D Common Stock.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin-top: 0px; text-indent: 0in; font: 10pt times new roman, times, serif; margin-bottom: 0px; margin-left: 0in;"><font size="2" style="font-family:times new roman,times"><b><i>Stock Option and Restricted Stock Grant Plan</i></b></font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Under the Company&#8217;s 1999 Stock Option and Restricted Stock Grant Plan (&#8220;Plan&#8221;), the Company had the authority to issue up to 10,816,198&#160;shares of Class&#160;D common stock and 1,408,099&#160;shares of Class&#160;A common stock. The Plan expired March 10, 2009. The options previously issued under this plan are exercisable in installments determined by the compensation committee of the Company&#8217;s board of directors at the time of grant. These options expire as determined by the compensation committee, but no later than ten years from the date of the grant. The Company uses an average life for all option awards. The Company settles stock options upon exercise by issuing stock.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">A new stock option and restricted stock plan (the &#8220;2009 Stock Plan&#8221;) was approved by the stockholders at the Company&#8217;s annual meeting on December 16, 2009.&#160;&#160;The terms of the 2009 Stock Plan are substantially similar to the prior Plan. The Company has the authority to issue up to 8,250,000 shares of Class&#160;D common stock under the 2009 Stock Plan.&#160;As of March 31, 2013, 4,724,272 shares of Class&#160;D common stock were available for grant under the 2009 Stock Plan.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The Company follows the provisions under ASC 718, <i>&#8220;Compensation - Stock Compensation,&#8221;</i> using the modified prospective method, which requires measurement of compensation cost for all stock-based awards at fair value on date of grant and recognition of compensation over the service period for awards expected to vest. These stock-based awards do not participate in dividends until fully vested. The fair value of stock options is determined using the Black-Scholes (&#8220;BSM&#8221;) valuation model.<i>&#160;</i>Such fair value is recognized as an expense over the service period, net of estimated forfeitures, using the straight-line method. Estimating the number of stock awards that will ultimately vest requires judgment, and to the extent actual forfeitures differ substantially from our current estimates, amounts will be recorded as a cumulative adjustment in the period the estimated number of stock awards are revised. We consider many factors when estimating expected forfeitures, including the types of awards, employee classification and historical experience. Actual forfeitures may differ substantially from our current estimate.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The Company&#8217;s use of the BSM valuation model to calculate the fair value of stock-based awards incorporates various assumptions including volatility, expected life, and interest rates. For options granted, the BSM option-pricing model determines: (i)&#160;the term by using the simplified &#8220;plain-vanilla&#8221; method as allowed under SAB No.&#160;110; (ii)&#160;a historical volatility over a period commensurate with the expected term, with the observation of the volatility on a daily basis; and (iii)&#160;a risk-free interest rate that was consistent with the expected term of the stock options and based on the U.S. Treasury yield curve in effect at the time of the grant.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Stock-based compensation expense for the three months ended March 31, 2013 and 2012, was approximately $43,000 and $44,000, respectively. </font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company <font style="background-color: white; color: black;">did</font> not grant stock options during the three months ended March 31, 2013 and 2012.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Transactions and other information relating to stock options for the three months ended <font style="background-color: white; color: black;">March 31, 2013, </font>are summarized below:</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Number of Options</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted-Average Exercise Price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted-Average Remaining Contractual Term (In Years)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Aggregate Intrinsic Value</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Outstanding at December&#160;31, 2012</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,630,000</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.17</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Grants</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Exercised</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Forfeited/cancelled/expired</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance as of March 31, 2013</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,630,000</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.17</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3.53</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">715,418</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Vested and expected to vest at March 31, 2013</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,612,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.20</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3.23</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">704,023</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Unvested at March 31, 2013</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">184,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1.02</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">9.00</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">129,516</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Exercisable at March&#160;31, 2013</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,446,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.47</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3.30</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">585,902</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The aggregate intrinsic value in the table above represents the difference between the Company&#8217;s stock closing price on the last day of trading during the three months ended <font style="color: black;">March 31, 2013, </font>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 <font style="color: black;">March 31, 2013</font>. This amount changes based on the fair market value of the Company&#8217;s stock. There were no options exercised during the three months ended <font style="color: black;">March 31, 2013 and 2012</font>. No options vested during the three months ended March 31, 2013, and 15,772 options vested during the three months ended March 31, 2012.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of <font style="color: black;">March 31, 2013</font>, $84,000 of total unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of 7 months. The stock option weighted-average fair value per share was $3.23 at <font style="color: black;">March 31, 2013</font>.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company did not grant shares of restricted stock during the three months ended <font style="color: black;">March 31, 2013 </font>and 2012.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Transactions and other information relating to restricted stock grants for the three months ended <font style="color: black;">March 31, 2013, </font>are summarized below:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Shares</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Average Fair Value at Grant Date</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 74%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Unvested at December&#160;31, 2012</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">82,000</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1.11</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Grants</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Vested</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(25,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1.04</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Forfeited/cancelled/expired</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Unvested at <font style="color: black;">March 31, 2013</font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">57,000</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1.15</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The restricted stock grants were included in the Company&#8217;s outstanding share numbers on the effective date of grant. As of <font style="color: black;">March 31, 2013</font>, $44,000 of total unrecognized compensation cost related to restricted stock grants is expected to be recognized over the next 9 months.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>10.&#160;&#160;SEGMENT INFORMATION:</b></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company has four reportable segments: <font style="background-color: white;">(i) Radio Broadcasting; (ii) Reach Media; (iii) Internet; and (iv) Cable Television</font>. These segments operate in the United States and are consistently aligned with the Company&#8217;s management of its businesses and its financial reporting structure.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Radio Broadcasting segment consists of all broadcast results of operations. The Company aggregates the broadcast markets in which it operates into the Radio Broadcasting segment. The Reach Media segment consists of the results of operations for the Tom Joyner Morning Show and Tom Joyner Morning Show related activities and operations of the Syndication One Urban programming line-up. Effective, January 1, 2013, we consolidated our syndication network programming within Reach Media to leverage that platform to create the leading syndicated radio network targeted to the African-American audience. In connection with the consolidation, we shifted our syndicated programming sales to an internal sales force operating out of Reach Media. Segment data for the three months ended March 31, 2012, has been reclassified to conform to the current period presentation. The Internet segment includes the results of our online business, including the operations of Interactive One. The Cable Television segment consists of TV One&#8217;s results of operations. Corporate/Eliminations/Other represents financial activity associated with our corporate staff and offices and intercompany activity among the four segments.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">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 fair value and eliminated in consolidation.</p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The accounting policies described in the summary of significant accounting policies in Note 1 &#8211; <i>Organization and Summary of Significant Accounting Policies</i> are applied consistently across the segments.</p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Detailed segment data for the three months ended March 31, 2013 and 2012 is presented in the following tables:</p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">Three Months Ended March 31,</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2013</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2012</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(Unaudited)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(In thousands)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Net Revenue:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">49,858</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">49,179</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">9,541</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">17,029</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,052</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,785</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">35,991</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">32,236</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(1,330</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(1,265</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">99,112</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">102,964</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">31,621</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">33,138</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">10,347</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">16,856</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,552</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,464</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">20,766</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">20,318</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">4,387</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">3,701</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">72,673</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">79,477</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Depreciation and Amortization:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1,543</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1,574</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">287</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">332</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">710</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">814</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">6,633</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">6,748</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">367</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">217</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">9,540</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">9,685</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Impairment of Long-Lived Assets:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1,370</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,370</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Operating income (loss):</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">15,324</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">14,467</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(1,093</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(159</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(1,210</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(493</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">8,592</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,170</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(6,084</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(5,183</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">15,529</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">13,802</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> </table> <p style="margin: 0px;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">March 31, 2013</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">December 31, 2012</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">(Unaudited)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(In thousands)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Total Assets:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">788,156</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">801,340</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">35,356</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">31,003</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">31,430</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">32,076</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">524,024</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">535,344</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">63,094</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">60,432</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,442,060</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,460,195</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>11.&#160;&#160;RELATED PARTY TRANSACTIONS:</b></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company&#8217;s CEO and Chairperson own a music company called Music One, Inc. (&#8220;Music One&#8221;). The Company sometimes engages in promoting the recorded music product of Music One. Based on the cross-promotional value received by the Company, we believe that the provision of such promotion is fair.&#160;&#160;During the three months ended March 31, 2013 and 2012, Radio One paid $0 and $1,000, respectively, to or on behalf of Music One, primarily for talent&#160;appearances, travel reimbursement and sponsorships. For the three months ended March 31, 2013 and 2012, the Company provided no advertising services to Music One. There were no cash, trade or no-charge orders placed by Music One for the three months ended March 31, 2013 and 2012.</p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>12.&#160;&#160;CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><font style="background-color: white; color: black;">The Company conducts a portion of its business through its subsidiaries. All of the Company&#8217;s Subsidiary Guarantors, except for Reach Media, have fully and unconditionally guaranteed the Company&#8217;s </font>6<sup>3</sup>/<sub>8 </sub><font style="background-color: white; color: black;">Senior Subordinated Notes due February 2013, the 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016, and the Company&#8217;s obligations under the 2011 Credit Agreement, as amended. </font></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white; ; font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><font style="background-color: white; color: black;">O</font>n February 14, 2013, Reach Media executed: (i) a Joinder to the Security Agreement, making it a grantor with respect to the 2011 Credit Agreement and related transaction documents (the &#8220;Credit Facility&#8221;); (ii) a Joinder to Pledge Agreement, making it a pledgee with respect to the Credit Facility; and (iii) a Joinder to Subsidiaries Guaranty, making it a guarantor with respect to the Credit Facility.<font style="background-color: white; color: black;"> Therefore, Reach Media has fully and unconditionally guaranteed the Company&#8217;s 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 and the Company&#8217;s obligations under the 2011 Credit Agreement, as amended. </font></font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white; ; font-family: times new roman,times;; font-family:times new roman,times">Set forth below are consolidated balance sheets for the Company and the Subsidiary Guarantors as of March 31, 2013, and December&#160;31, 2012, and related consolidated statements of operations, comprehensive loss and cash flows for the three months ended March 31, 2013 and 2012. The equity method of accounting has been used by the Company to report its investments in subsidiaries. Separate financial statements for the Subsidiary Guarantors are not presented based on management&#8217;s determination that they do not provide additional information that is material to investors. </font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATING STATEMENT OF OPERATIONS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">Three Months Ended March 31, 2013</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NET REVENUE</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">41,463</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">57,649</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">99,112</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OPERATING EXPENSES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Programming and technical</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">15,488</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">14,985</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">30,473</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,040</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">15,683</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">32,723</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Corporate selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,138</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,339</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,477</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Depreciation and amortization</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,929</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,611</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,540</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Impairment of long-lived assets</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,370</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,370</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;Total operating expenses</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">36,965</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">46,618</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">83,583</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;Operating income</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,498</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">11,031</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">15,529</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INTEREST INCOME</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">40</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">40</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INTEREST EXPENSE</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">363</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">21,883</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">22,246</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OTHER INCOME, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">10</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">30</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">40</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Income (loss)&#160;before provision for&#160;income taxes, noncontrolling interests in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,145</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(10,782</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(6,637</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">PROVISION FOR INCOME TAXES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,681</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,681</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Net income (loss) before equity in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,145</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(17,463</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(13,318</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">EQUITY IN INCOME OF SUBSIDIARIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Net income (loss) from continuing operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,145</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(13,318</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INCOME FROM DISCONTINUED OPERATIONS, net of tax</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">903</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">903</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: center; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATING STATEMENT OF OPERATIONS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">Three Months Ended March 31, 2012</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NET REVENUE</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">31,025</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">71,939</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">102,964</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OPERATING EXPENSES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Programming and technical</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,357</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">22,755</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">31,112</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">14,654</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">24,118</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">38,772</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Corporate selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,593</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,593</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Depreciation and amortization</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,821</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,864</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,685</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;Total operating expenses</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">24,832</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">64,330</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">89,162</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;Operating income</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,193</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,609</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">13,802</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INTEREST INCOME</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">22</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">22</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INTEREST EXPENSE</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">249</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">23,498</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">23,747</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OTHER INCOME, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Income (loss)&#160;before provision for&#160;income taxes, noncontrolling interests in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,944</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(15,860</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(9,916</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">PROVISION FOR INCOME TAXES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">65,254</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">65,254</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Net income (loss) before equity in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,944</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(81,114</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,170</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">EQUITY IN INCOME OF SUBSIDIARIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Net income (loss) from continuing operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,944</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,184</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,170</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LOSS FROM DISCONTINUED OPERATIONS, net of tax</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(14</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(15</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: center; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family:times new roman,times"><font style="font-family: times new roman,times;"><b>&#160;</b></font><font style="font-family: times new roman,times;"><b>&#160;</b></font></font></p> <div style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS</b></font></div> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; width: 100%;"><font style="font: 10pt times new roman, times, serif; ; font-family: times new roman,times;; font-family:times new roman,times"><b>Three Months Ended March 31, 2013</b></font></td> </tr> </table> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>&#160;</b></font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NET CHANGE IN UNREALIZED LOSS ON INVESTMENT ACTIVITIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(20</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(20</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,435</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,435</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LESS:&#160;&#160;COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(18,126</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(18,126</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>&#160;</b></font></p> <div style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS</b></font></div> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>Three Months Ended March 31, 2012</b></font></p> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times"><b>&#160;</b></font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NET CHANGE IN UNREALIZED LOSS ON INVESTMENT ACTIVITIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">97</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">97</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,088</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,088</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LESS:&#160;&#160;COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(79,145</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(79,145</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white; ; font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATING BALANCE SHEETS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">As of March 31, 2013</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio One,</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font style="font-family: times new roman,times;; font-family:times new roman,times">ASSETS</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CURRENT ASSETS:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Cash and cash equivalents</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,766</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">43,660</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">46,426</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Short-term investments</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,212</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,212</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Trade accounts receivable, net of allowance for doubtful accounts</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">38,033</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">45,703</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">83,736</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,509</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,821</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">10,330</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current portion of content assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">28,770</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">28,770</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current assets from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(10</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">125</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">115</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">48,298</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">124,291</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">172,589</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">PREPAID PROGRAMMING AND DEPOSITS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,857</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,857</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">PROPERTY AND EQUIPMENT, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,369</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,421</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">34,790</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INTANGIBLE ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">562,386</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">628,279</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,190,665</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONTENT ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">33,748</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">33,748</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LONG-TERM INVESTMENTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">68</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">68</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INVESTMENT IN SUBSIDIARIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OTHER ASSETS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">190</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,751</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,941</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -9pt; padding-left: 9pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,402</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,402</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total assets</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">629,645</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,422,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,442,060</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font style="font-family: times new roman,times;; font-family:times new roman,times">LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CURRENT LIABILITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accounts payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,416</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,117</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,533</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accrued interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,069</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,069</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,626</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,340</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,966</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current portion of content payables</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">16,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">16,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Other current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">13,447</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,778</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,225</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current portion of long-term debt</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current liabilities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">86</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">26</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">112</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">18,575</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">40,208</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">58,783</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LONG-TERM DEBT, net of current portion and original issue discount</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">813,536</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">813,536</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif; ; font-family: times new roman,times;; font-family:times new roman,times">CONTENT PAYABLES,<b> </b>net of current portion</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">10,835</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">10,835</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OTHER LONG-TERM LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,124</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,309</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">18,433</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">DEFERRED&#160;TAX LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">194,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">194,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">16</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">16</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">19,715</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,076,741</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,096,456</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">REDEEMABLE NONCONTROLLING INTEREST</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">13,012</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">13,012</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">STOCKHOLDERS&#8217; EQUITY:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Common stock</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">49</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">49</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accumulated other comprehensive loss</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(122</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(122</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Additional paid-in capital</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">176,731</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,005,045</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(176,731</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,005,045</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Retained earnings (accumulated deficit)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">433,199</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(881,127</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(433,199</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(881,127</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total stockholders&#8217; equity</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">123,845</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">123,845</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Noncontrolling interest</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">208,747</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">208,747</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Total Equity</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">609,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">332,592</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">332,592</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total liabilities, redeemable noncontrolling interest and equity</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">629,645</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,422,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,442,060</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATING BALANCE SHEETS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">As of December 31, 2012</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio One,</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font style="font-family: times new roman,times;; font-family:times new roman,times">ASSETS</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CURRENT ASSETS:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Cash and cash equivalents</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,511</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">55,744</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">57,255</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Short-term investments</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,597</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,597</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Trade accounts receivable, net of allowance for doubtful accounts</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">28,821</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">53,091</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">81,912</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,006</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,104</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,110</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current portion of content assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">27,723</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">27,723</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current assets from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">124</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">127</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">31,341</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">144,383</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">175,724</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">PROPERTY AND EQUIPMENT, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,073</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">18,209</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">35,282</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INTANGIBLE ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">546,126</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">656,436</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,202,562</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONTENT ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">38,981</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">38,981</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LONG-TERM INVESTMENTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">97</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">97</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INVESTMENT IN SUBSIDIARIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OTHER ASSETS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">241</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,742</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,983</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,566</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,566</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total assets</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">599,347</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,445,892</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,460,195</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font style="font-family: times new roman,times;; font-family:times new roman,times">LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CURRENT LIABILITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accounts payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,794</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,616</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,410</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accrued interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,849</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,849</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,109</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,056</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">11,165</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current portion of content payables</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,694</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,694</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Other current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,209</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,954</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">16,163</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current portion of long-term debt</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,587</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,587</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Current liabilities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">94</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">13</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">107</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">13,206</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">47,769</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">60,975</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">LONG-TERM DEBT, net of current portion and original issue discount</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">814,131</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">814,131</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif; ; font-family: times new roman,times;; font-family:times new roman,times">CONTENT PAYABLES,<b> </b>net of current portion</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">11,163</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">11,163</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">OTHER LONG-TERM LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,074</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17,229</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">18,303</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">DEFERRED&#160;TAX LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">188,249</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">188,249</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;; font-family:times new roman,times">NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">23</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">23</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">14,303</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,078,541</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,092,844</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">REDEEMABLE NONCONTROLLING INTERESTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">12,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">12,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">STOCKHOLDERS&#8217; EQUITY:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Common stock</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">50</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">50</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Accumulated other comprehensive income</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(102</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(102</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Additional paid-in capital</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">156,893</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,006,873</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(156,893</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,006,873</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Retained earnings (accumulated deficit)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">428,151</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(863,021</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(428,151</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(863,021</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total stockholders&#8217; equity</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">143,800</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">143,800</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Noncontrolling interest</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">210,698</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">210,698</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">Total Equity</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">585,044</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">354,498</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">354,498</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Total liabilities, redeemable noncontrolling interests and equity</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">599,347</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,445,892</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,460,195</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATING STATEMENT OF CASH FLOWS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">Three Months Ended March 31, 2013</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH FLOWS FROM OPERATING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;Consolidated net income (loss)</font></td> <td style="width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -0.25in; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;Adjustments to reconcile net income (loss) to net cash from operating activities:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Depreciation and amortization</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,929</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,611</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,540</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of debt financing costs</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,317</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,317</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of content assets</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,796</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,796</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of launch assets</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,491</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,491</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Deferred income taxes</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,604</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">6,604</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Impairment of long-lived assets</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,370</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,370</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Stock-based compensation and other non-cash compensation</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">43</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">43</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;" nowrap="nowrap"><font style="font-family: times new roman,times;; font-family:times new roman,times">Effect of change in operating assets and liabilities, net of assets acquired:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Trade accounts receivable, net</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(9,212</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,388</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1,824</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(6,503</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,283</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(3,220</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other assets</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">51</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(9</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">42</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accounts payable</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">622</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">501</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,123</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Due to corporate/from subsidiaries</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">17</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(17</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued interest</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">220</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">220</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">517</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,716</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,199</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income taxes payable</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">56</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">56</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other liabilities</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">4,254</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(3,117</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,137</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Payments for content assets</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,451</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,451</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.25in; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows provided by operating activities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,162</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">12</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,174</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows provided by (used in) operating activities</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,255</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,597</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,804</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH FLOWS FROM INVESTING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;Purchase of property and equipment</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,220</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,220</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Proceeds from sales of investment securities</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">503</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">503</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Purchases of investment securities</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1,831</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1,831</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;Investment in subsidiaries</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows (used in) provided by investing activities</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(8,596</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(3,548</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH FLOWS FROM FINANCING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Repayment of credit facility</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(960</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(960</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Repurchase of common stock</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1,526</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1,526</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Repayment of senior subordinated notes</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(747</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(747</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Debt refinancing and modification costs</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(23</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(23</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Payment of dividends to noncontrolling interest members of TV One</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(7,829</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(7,829</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows used in financing activities</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(11,085</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(11,085</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,255</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(12,084</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(10,829</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH AND CASH EQUIVALENTS, beginning of period</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,511</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">55,744</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">57,255</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH AND CASH EQUIVALENTS, end of period</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,766</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">43,660</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">46,426</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">CONSOLIDATING STATEMENT OF CASH FLOWS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font style="font-family: times new roman,times;; font-family:times new roman,times">Three Months Ended March 31, 2012</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font style="font-family: times new roman,times;; font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH FLOWS FROM OPERATING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;Consolidated net income (loss)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -0.25in; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;Adjustments to reconcile net income (loss) to net cash from operating activities:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Depreciation and amortization</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,821</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,864</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">9,685</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of debt financing costs</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">760</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">760</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of content assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,321</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,321</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of launch assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,489</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,489</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Deferred income taxes</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">65,582</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">65,582</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Stock-based compensation and other non-cash compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">44</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">44</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Non-cash interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;" nowrap="nowrap"><font style="font-family: times new roman,times;; font-family:times new roman,times">Effect of change in operating assets and liabilities, net of assets acquired:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Trade accounts receivable, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,186</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,369</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,555</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(43</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,557</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">1,514</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(32</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,977</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(3,009</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accounts payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(25</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,635</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">2,610</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Due to corporate/from subsidiaries</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(10,361</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">10,361</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">121</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">121</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">117</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">487</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">604</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income taxes payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(431</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(431</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">243</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(718</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(475</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Payments for content assets</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(10,714</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(10,714</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.25in; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows used in operating activities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows (used in) provided by operating activities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(188</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">18,603</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">12,485</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH FLOWS FROM INVESTING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;Purchase of property and equipment</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,960</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(2,960</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Proceeds from sales of investment securities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,859</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">3,859</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Purchases of investment securities</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(348</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(348</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;Investment in subsidiaries</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows (used in) provided by investing activities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,379</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">551</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH FLOWS FROM FINANCING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Repayment of credit facility</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(965</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(965</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Debt refinancing and modification costs</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(13</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(13</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;Payment of dividends to noncontrolling interest members of TV One</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(4,113</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(4,113</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows used in financing activities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,091</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(5,091</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(188</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">8,133</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">7,945</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH AND CASH EQUIVALENTS, beginning of period</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">187</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">35,752</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">35,939</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">CASH AND CASH EQUIVALENTS, end of period</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">(1</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">43,885</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;; font-family:times new roman,times">43,884</font></td> </tr> </table> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>13. COMMITMENTS AND CONTINGENCIES:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>Royalty Agreements</i></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Effective December 31, 2009, our radio music license agreements with the two largest performance rights organizations, American Society of Composers, Authors and Publishers (&#8220;ASCAP&#8221;) and Broadcast Music, Inc. (&#8220;BMI&#8221;) expired. The Radio Music License Committee (&#8220;RMLC&#8221;), which negotiates music licensing fees for most of the radio industry with ASCAP and BMI, at that time, reached an agreement with these organizations on a temporary fee schedule that reflected a provisional discount of 7.0% against 2009 fee levels. The temporary fee reductions became effective in January 2010. In May 2010 and June 2010, the U.S. District Court&#8217;s judge charged with determining the licenses fees ruled to further reduce interim fees paid to ASCAP and BMI, respectively, down approximately another 11.0% from the previous temporary fees negotiated with the RMLC. In January 2012, the U.S. District Court approved a settlement between RMLC and ASCAP. The settlement determined the amount to be paid to ASCAP for usage through 2016. In addition, stations received a credit for overpayments made in 2010 and 2011 to ASCAP. In June 2012, RMLC and BMI reached a settlement agreement. The settlement covers the period through 2016 and determined a new fee structure based on percentage of revenue. In addition, stations received a credit for overpayments made in 2010 and 2011 to BMI. </font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">The Company has entered into other fixed and variable fee music license agreements with other performance rights organizations, which expire as late as 2016. </font>During the three months ended March 31, 2013 and 2012, the Company incurred expenses of approximately $2.4 million and $2.8 million, respectively, in connection with all performance rights organization agreements, including ASCAP and BMI.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>&#160;</i></b></font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>Other Contingencies</i></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The Company has been named as a defendant in several legal actions arising in the ordinary course of business. It is management&#8217;s opinion, after consultation with its legal counsel, that the outcome of these claims will not have a material adverse effect on the Company&#8217;s financial position or results of operations.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>Off-Balance Sheet Arrangements</i></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, we had four standby letters of credit totaling $1.0 million in connection with our annual insurance policy renewals and real estate leases.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><i>Noncontrolling Interest Shareholders&#8217; Put Rights</i></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Beginning on February 28, 2012, the noncontrolling interest shareholders of Reach Media had 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 &#8220;Put Right&#8221;).&#160;&#160;&#160;Beginning in 2012, this annual right was exercisable for a 30-day period beginning February 28 of each year. The purchase price for such shares may be paid in cash and/or registered Class D Common Stock of Radio One, at the discretion of Radio One. On December 31, 2012, Reach Media and its noncontrolling interest shareholders amended the shareholder&#8217;s agreement governing their relationship. As part of that amendment, the noncontrolling interest shareholders agreed to delay the Put Right until January 1, 2018. The terms of the Put Right remain the same in all other respects.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>14.&#160;&#160;SUBSEQUENT EVENTS:</b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Since April 1, 2013, and through May 10, 2013, the Company repurchased 148,100 shares of Class D common stock in the amount of $258,532 at an average price of $1.75 per share and 1,700 shares of Class A common stock in the amount of $2,985 at an average price of $1.76 per share. As of May 10, 2013, the Company had approximately $200,000 available under its 2013 Repurchase Authorization.</font></p> <p style="text-align: justify; margin-top: 0px; text-indent: 0in; font: 10pt times new roman, times, serif; margin-bottom: 0px; margin-left: 0.25in;"><font style="font: 10pt times new roman, times, serif;"><b><i>(a) Organization</i></b></font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px 0pt 0.25in; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;Radio One, Inc. (a Delaware corporation referred to as &#8220;Radio One&#8221;) and its subsidiaries (collectively, the &#8220;Company&#8221;) is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise that is the largest radio broadcasting operation that primarily targets African-American and urban listeners. We currently own and/or operate 54&#160;broadcast stations located in 16 urban markets in the United States.&#160;&#160;While our primary source of revenue is the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate the premier multi-media entertainment and information content provider targeting African-American and urban consumers. Thus, we have diversified our revenue streams by making acquisitions and investments in other complementary media properties. Our other media interests include our approximately 51.1% (See Note&#160;2&#160;- <i>Acquisitions</i>) controlling ownership interest in TV One, LLC (&#8220;TV One&#8221;), an African-American targeted cable television network that we own with an affiliate of Comcast Corporation; our 80.0% controlling ownership interest in Reach Media, Inc. (&#8220;Reach Media&#8221;), which operates the Tom Joyner Morning Show and our other syndicated programming assets; and our ownership of Interactive One, LLC (&#8220;Interactive One&#8221;), an online platform serving the African-American community through social content, news, information, and entertainment websites, including News One, UrbanDaily and HelloBeautiful and online social networking websites, including BlackPlanet, MiGente and Asian Avenue.&#160; Through our national multi-media presence, we provide advertisers with a unique and powerful delivery mechanism to the African-American and urban audiences.&#160;&#160;&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 2011, our then remaining Boston radio station was made the subject of a local marketing agreement (&#8220;LMA&#8221;) whereby we <font style="background-color: white;">made available, for a fee, air time on this station to another party</font>. <font style="color: black;">In addition, beginning as of November 1, 2012, our Columbus, Ohio radio station, WJKR-FM (The Jack, 98.9 FM) was also made the subject of an LMA, and on February 15, 2013, the Company sold that station&#8217;s assets.&#160;</font>The remaining assets and liabilities of stations sold and stations that we do not operate as they are the subject of an LMA have been classified as discontinued operations as of March 31, 2013 and <font style="background-color: white;">December 31, 2012, </font>and the results from operations of those stations for the three months ended March 31, 2013 and <font style="background-color: white; color: black;">2012</font>, have been reclassified as discontinued operations in the accompanying consolidated financial statements.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">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&#8217;s four reportable segments: <font style="background-color: white;">(i) Radio Broadcasting; (ii) Reach Media; (iii) Internet; and (iv) Cable Television. </font>(See Note 10 &#8211;<i> Segment Information</i>.)</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(d)&#160;&#160;Revenue Recognition</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Within our Radio Broadcasting and Reach Media segments, the Company recognizes revenue for broadcast advertising when a commercial is broadcast and is reported, net of agency and outside sales representative commissions, in accordance with&#160;Accounting Standards Codification (&#8220;ASC&#8221;) 605, &#8220;<i>Revenue Recognition</i>.&#8221;&#160;&#160;Agency and outside sales representative commissions are calculated based on a stated percentage applied to gross billing. Generally, clients remit the gross billing amount to the agency or outside sales representative, and the agency or outside sales representative remits the gross billing, less their commission, to the Company. For our Radio Broadcasting and Reach Media segments, agency and outside sales representative commissions were approximately $6.9&#160;million and $7.1&#160;million for the three months ended March 31, 2013 and 2012, respectively.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Interactive One generates the majority of the Company&#8217;s internet revenue, and derives such revenue principally from advertising services on non-radio station branded websites, including advertising aimed at diversity recruiting. Advertising services include the sale of banner and sponsorship advertisements.&#160;&#160;Advertising revenue is recognized either as impressions (the number of times advertisements appear in viewed pages) are delivered, when &#8220;click through&#8221; purchases are made or leads are generated, or ratably over the contract period, where applicable.</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">TV One, the driver of revenues in our <font style="background-color: white; color: black;">Cable Television segment,</font> derives advertising revenue from the sale of television air time to advertisers and recognizes revenue when the advertisements are run. TV One also receives affiliate fees and records revenue during the term of various affiliation agreements based on the most recent subscriber counts reported by the applicable affiliate.</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(e)&#160;&#160;Barter Transactions</i></b></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white; color: black;">The Company provides advertising time in exchange for programming content and certain services and accounts for these exchanges in accordance with ASC 605, &#8220;<i>Revenue Recognition</i>.&#8221; The terms of these exchanges generally permit the Company to preempt such time in favor of advertisers who purchase time in exchange for cash. The Company includes the value of such exchanges in both 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. </font>For the three months ended March 31, 2013 and 2012, barter transaction revenues were $618,000 and $722,000, respectively. Additionally, barter transaction costs were reflected in programming and technical expenses and selling, general and administrative expenses of $549,000 and $680,000 and $69,000 and $42,000, for the three months ended March 31, 2013 and 2012, respectively.</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b><i>(f)&#160;Earnings Per Share</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Basic earnings per share is computed on the basis of the weighted average number of shares of common stock 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.&#160;&#160;The Company&#8217;s potentially dilutive securities include stock options and 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.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The following table sets forth the calculation of basic and diluted earnings per share (in thousands, except share and per share data):</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended&#160;March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Numerator:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; width: 72%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Denominator:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Denominator for basic net loss per share&#160;- weighted-average outstanding shares</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,861,964</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,994,974</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Effect of dilutive securities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Stock options and restricted stock</font></td> <td style="padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Denominator for diluted net loss per share&#160;- weighted-average outstanding shares</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,861,964</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,994,974</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif; color: black;">Net loss attributable to </font><font style="font: 10pt times new roman, times, serif;">common stockholders per share </font><font style="font: 10pt symbol; color: black;">-</font><font style="font: 10pt times new roman, times, serif;">basic<font style="color: black;">&#160;</font></font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(0.36</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1.58</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif; color: black;">Net loss attributable to </font><font style="font: 10pt times new roman, times, serif;">common stockholders per share </font><font style="font: 10pt symbol; color: black;">-</font><font style="font: 10pt times new roman, times, serif; color: black;">diluted&#160;</font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(0.36</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1.58</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">All stock options and restricted stock awards were excluded from the diluted calculation for the three months ended March 31, 2013 and 2012, as their inclusion would have been anti-dilutive.&#160; The following table summarizes the potential common shares excluded from the diluted calculation.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended&#160;March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; width: 72%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Stock options</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,630</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,811</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Restricted stock&#160;awards</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">57</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">119</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 1%;"></td> <td style="width: 99%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b><i>(g)&#160;Fair Value Measurements</i></b></font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">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, <i>&#8220;Fair Value Measurements and Disclosures.&#8221;</i> ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements.</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">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:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="text-align: justify; width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; width: 95%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><i>Level 1</i>: Inputs are unadjusted quoted prices in active markets for identical assets and liabilities that can be accessed at measurement date.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="text-align: justify; width: 5%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; width: 95%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><i>Level 2</i>: Observable inputs other than those included in Level 1 (i.e., quoted prices for similar assets or liabilities in&#160;active markets or quoted prices for identical assets or liabilities in inactive markets).</font></td> </tr> <tr style="vertical-align: top;"> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><i>Level 3</i>: Unobservable inputs reflecting management&#8217;s own assumptions about the inputs used in pricing the asset or liability.</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, and December 31, 2012, the fair values of our financial assets and liabilities are categorized as follows:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 3</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="14"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Assets subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate debt securities (a)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mutual funds (a)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Liabilities subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Incentive award plan (b)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Employment agreement award (c)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,181</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,181</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mezzanine equity subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interests (d)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">As of December 31, 2012</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Assets subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate debt securities (a)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mutual funds (a)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Liabilities subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Incentive award plan (b)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Employment agreement award (c)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">16,719</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">16,719</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mezzanine equity subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interests (d)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(a) Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(b) These balances are measured based on the estimated enterprise fair value of TV One. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. For the period ended March 31, 2013, the Company determined that there was no change in TV One&#8217;s enterprise fair value since the December 31, 2012 valuation. </font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="color: black; font-size: 10pt;">(c) &#160; Pursuant to an employment agreement (the &#8220;Employment Agreement&#8221;) executed in April 2008, the Chief Executive Officer (&#8220;CEO&#8221;) is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company&#8217;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 and an assessment of the probability that the employment agreement will be renewed and contain this provision. The Company&#8217;s obligation to pay the award will be triggered only after the Company&#8217;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&#8217;s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award&#160;lapses if the CEO voluntarily leaves the Company or is terminated for cause. In estimating the fair value of the award, the Company determined that there was no change in TV One&#8217;s enterprise fair value since the December 31, 2012 valuation (See Note 6 &#8211; <i>Derivative Instruments and Hedging Activities</i>.)&#160; The terms of the April 2008 employment agreement remain in effect including eligibility for the TV One award. </font><font style="color: black; font-size: 10pt;">&#160;</font></font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(d) &#160; The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology.&#160; A third-party valuation firm assisted the Company in estimating the fair value.&#160;Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160; 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, 2013 and 2012:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Incentive Award Plan</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Employment Agreement Award</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Redeemable Noncontrolling Interests</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="10"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 61%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at December 31, 2012</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Losses included in earnings (unrealized)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">462</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net loss attributable to noncontrolling interests</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(187</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Change in enterprise fair value</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">346</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at March 31, 2013</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">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</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(462</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Incentive Award Plan</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Employment Agreement Award</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Redeemable Noncontrolling Interests</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="10"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 61%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at December 31, 2011</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,096</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10,346</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">20,343</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Losses included in earnings (unrealized)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">350</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income attributable to noncontrolling interests</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">(221</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Change in enterprise fair value</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,330</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at March 31, 2012</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,096</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10,696</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">23,452</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">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</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(350</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="background-color: white; color: black;">Gains (losses) included in earnings were recorded in the consolidated statements of operations as corporate selling, general and administrative expenses for the three months ended </font>March 31, 2013 and 2012<font style="background-color: white; color: black;">.</font></font></p> <div><font size="2" style="font-family:times new roman,times"><!-- Field: /Page --></font></div> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="text-align: justify; width: 24%; vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 15%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 17%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="border-bottom: black 1pt solid; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="border-bottom: black 1pt solid; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">March 31, 2012</font></td> </tr> <tr style="vertical-align: middle;"> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Level 3 liabilities</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Valuation Technique</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Significant Unobservable Inputs</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="5"><font size="2" style="font-family:times new roman,times">Significant Unobservable Input Value</font></td> </tr> <tr> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Incentive award plan</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Incentive award plan</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Employment agreement award</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Employment agreement award</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interest</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">12.50%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">12.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interest</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.50%</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Any significant increases or decreases in discount rate or long-term growth rate inputs could result in significantly higher or lower fair value measurements.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Certain assets and liabilities are measured at fair value on a non-recurring basis using Level 3 inputs as defined in ASC 820.&#160;&#160;These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances.&#160;&#160;Included in this category are goodwill, radio broadcasting licenses and other intangible assets, net, that are written down to fair value when they are determined to be impaired, as well as content assets that are periodically written down to net realizable value. The Company concluded these assets were not impaired during the three months ended March 31, 2012<font style="background-color: white; color: black;">, and therefore, were reported at carrying value as opposed to fair value.&#160; The Company recorded impairment of approximately $1.4 million related to our Cincinnati radio broadcasting licenses during the three months ended </font>March 31, 2013<font style="background-color: white; color: black;">.</font></font></p> <p style="text-align: justify; margin-top: 0px; text-indent: 0in; font: 10pt times new roman, times, serif; margin-bottom: 0px; margin-left: 0.25in;"><font style="font: 10pt times new roman, times, serif;"><b><i>(h)&#160;Impact of Recently Issued Accounting Pronouncements</i></b></font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">In May 2011, the FASB issued ASU 2011-04, which provides a consistent definition of fair value and ensures that the fair value measurement and disclosure requirements are similar between GAAP and International Financial Reporting Standards. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements. The Company adopted this guidance on January 1, 2012, and it did not have a significant impact on the Company&#8217;s financial statements.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">In June 2011, the FASB issued ASU 2011-05, &#8220;<i>Presentation of Comprehensive Income</i>,&#8221; which was subsequently modified in December 2011 by ASU 2011-12, &#8220;<i>Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No.&#160;2011-05</i>.&#8221; This ASU amends existing presentation and disclosure requirements concerning comprehensive income, most significantly by requiring that comprehensive income be presented with net income in a continuous financial statement, or in a separate but consecutive financial statement. The provisions of this ASU (as modified) are effective for fiscal years, and interim periods within those years, beginning after December&#160;15, 2011. The adoption of this guidance did not have a material impact on the Company's financial statements, other than presentation and disclosure.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">In September&#160;2011, the FASB issued ASU 2011-08, which provides companies with an option to perform a qualitative assessment that may allow them to skip the two-step impairment test. ASU 2011-08 amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, companies will need to perform a more detailed two-step goodwill impairment test which is used to identify potential goodwill impairments and to measure the amount of goodwill impairment losses to be recognized, if any. ASU 2011-08 is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company adopted this guidance on January 1, 2012, and it did not have a significant impact on the Company&#8217;s financial statements.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">In February 2013, the FASB issued ASU 2013-02, &#8220;<i>Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,</i>&#8221; which adds new disclosure requirements for items reclassified out of accumulated other comprehensive income. ASU 2013-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this guidance on January 1, 2013, and it did not have a significant impact on the Company&#8217;s financial statements.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(i)&#160;Liquidity and Uncertainties Related to Going Concern</i></b></p> <div style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</div> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">On March 31, 2011, the Company entered into a new senior credit facility (the &#8220;2011 Credit Agreement&#8221;).&#160; Under the 2011 Credit Agreement, beginning&#160;June 30, 2011, we became required to maintain compliance with certain financial ratios (as detailed in Note 7<i> </i>&#8212; <i>Long-Term Debt</i>).&#160; Based on our current projections, we expect to be in compliance with&#160;these financial ratios and other covenants over the next twelve months.</font></p> <div><font style="font-family: times new roman,times;" size="2"><strong><em>(j) Redeemable noncontrolling interest</em></strong></font></div> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white; ; font-family: times new roman,times;" size="2">Redeemable noncontrolling interests are interests in subsidiaries that are redeemable outside of the Company&#8217;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.&#160;&#160;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.</font></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(k) Investments</i></b></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>&#160;</b></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><i>Investment Securities</i></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>&#160;</b></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">Investments consist primarily of corporate fixed maturity securities and mutual funds.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">Investments with original maturities in excess of three months and less than one year are classified as short-term investments. Long-term investments have original maturities in excess of one year.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">Debt securities are classified as &#8220;available-for-sale&#8221; and reported at fair value. Investments in available-for-sale fixed maturity securities are classified as either current or noncurrent assets based on their contractual maturities. Fixed maturity securities are carried at estimated fair value based on quoted market prices for the same or similar instruments. Investment income is recognized when earned and reported net of investment expenses. Unrealized gains and losses are excluded from earnings and are reported as a separate component of accumulated other comprehensive income (loss) until realized, unless the losses are deemed to be other than temporary. Realized gains or losses, including any provision for other-than-temporary declines in value, are included in the statements of operations. For purposes of computing realized gains and losses, the specific-identification method of determining cost was used. </font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><i>Evaluating Investments for Other than Temporary Impairments</i></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><i>&#160;</i></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">The Company periodically performs evaluations, on a lot-by-lot and security-by-security basis, of its investment holdings in accordance with its impairment policy to evaluate whether any declines in the fair value of investments are other than temporary. This evaluation consists of a review of several factors, including but not limited to: length of time and extent that a security has been in an unrealized loss position, the existence of an event that would impair the issuer&#8217;s future earnings potential, and the near-term prospects for recovery of the market value of a security. The FASB has issued guidance for recognition and presentation of other than temporary impairment (&#8220;OTTI&#8221;), or FASB OTTI guidance. Accordingly, any credit-related impairment of fixed maturity securities that the Company does not intend to sell, and is not likely to be required to sell, is recognized in the consolidated statements of operations, with the noncredit-related impairment recognized in accumulated other comprehensive loss.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company believes that it has adequately reviewed its investment securities for OTTI and that its investment securities are carried at fair value. However, over time, the economic and market environment (including any ratings change for any such securities, including US treasuries and corporate bonds) may provide additional insight regarding the fair value of certain securities, which could change management&#8217;s judgment regarding OTTI. This could result in realized losses relating to other than temporary declines being charged against future income. Given the judgments involved, there is a continuing risk that further declines in fair value may occur and material OTTI may be recorded in future periods.</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(l) Launch Support</i></b></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>&#160;</i></b></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">TV One has entered into certain affiliate agreements requiring various payments by TV One for launch support. Launch assets are assets used to initiate carriage under new affiliation agreements and are amortized over the term of the respective contracts. Amortization is recorded as a reduction to revenue to the extent that revenue is recognized from the vendor, and any excess amortization is recorded as launch support amortization expense. The weighted-average amortization period for launch support is approximately 10.9 years at each of March 31, 2013, and December 31, 2012. The remaining weighted-average amortization period for launch support is 2.1 years and 2.4 years as of March 31, 2013, and December 31, 2012, respectively. For each of the three months ended March 31, 2013, and 2012, launch asset amortization of approximately $2.5 million was recorded as a reduction of revenue.</p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(m) Content Assets</i></b></p> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>&#160;</i></b></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">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 perpetuity. 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.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Program rights are recorded at the lower of amortized cost or estimated net realizable value. Program rights are amortized based on the greater of the usage of the program or term of license. Estimated net realizable values are based on the estimated revenues directly associated with the program materials and related expenses. The Company recorded additional amortization expense of $0 and $96,000 as a result of evaluating its contracts for recoverability for the three months ended March 31, 2013, and 2012, respectively. All produced and licensed content is classified as a long-term asset, except for the portion of the unamortized content balance that will be amortized within one year which is classified as a current asset.</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The following table sets forth the calculation of basic and diluted earnings per share (in thousands, except share and per share data):</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended&#160;March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Numerator:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; width: 72%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Denominator:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Denominator for basic net loss per share&#160;- weighted-average outstanding shares</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,861,964</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,994,974</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Effect of dilutive securities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Stock options and restricted stock</font></td> <td style="padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt symbol; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Denominator for diluted net loss per share&#160;- weighted-average outstanding shares</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,861,964</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49,994,974</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif; color: black;">Net loss attributable to </font><font style="font: 10pt times new roman, times, serif;">common stockholders per share </font><font style="font: 10pt symbol; color: black;">-</font><font style="font: 10pt times new roman, times, serif;">basic<font style="color: black;">&#160;</font></font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(0.36</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1.58</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif; color: black;">Net loss attributable to </font><font style="font: 10pt times new roman, times, serif;">common stockholders per share </font><font style="font: 10pt symbol; color: black;">-</font><font style="font: 10pt times new roman, times, serif; color: black;">diluted&#160;</font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(0.36</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1.58</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <div><font style="font-family: times new roman,times;" size="2">The following table summarizes the potential common shares excluded from the diluted calculation</font></div> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font style="font-family: times new roman,times;" size="2">Three Months Ended&#160;March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font style="font-family: times new roman,times;" size="2">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font style="font-family: times new roman,times;" size="2">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font style="font-family: times new roman,times;" size="2">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font style="font-family: times new roman,times;" size="2">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; width: 72%; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">Stock options</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">4,630</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 11%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">4,811</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font style="font-family: times new roman,times;" size="2">Restricted stock&#160;awards</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">57</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">119</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"></td> </tr> </table> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, and December 31, 2012, the fair values of our financial assets and liabilities are categorized as follows:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Level 3</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="14"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Assets subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate debt securities (a)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,300</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mutual funds (a)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,980</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,280</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Liabilities subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Incentive award plan (b)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Employment agreement award (c)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,181</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,181</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mezzanine equity subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interests (d)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">As of December 31, 2012</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Assets subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate debt securities (a)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mutual funds (a)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,502</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1,694</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Liabilities subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Incentive award plan (b)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Employment agreement award (c)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">16,719</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">16,719</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Mezzanine equity subject to fair value measurement:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interests (d)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(a) Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(b) These balances are measured based on the estimated enterprise fair value of TV One. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. For the period ended March 31, 2013, the Company determined that there was no change in TV One&#8217;s enterprise fair value since the December 31, 2012 valuation. </font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="color: black; font-size: 10pt;">(c) &#160; Pursuant to an employment agreement (the &#8220;Employment Agreement&#8221;) executed in April 2008, the Chief Executive Officer (&#8220;CEO&#8221;) is eligible to receive an award amount equal to 8% of any proceeds from distributions or other liquidity events in excess of the return of the Company&#8217;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 and an assessment of the probability that the employment agreement will be renewed and contain this provision. The Company&#8217;s obligation to pay the award will be triggered only after the Company&#8217;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&#8217;s membership interest in TV One. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award&#160;lapses if the CEO voluntarily leaves the Company or is terminated for cause. In estimating the fair value of the award, the Company determined that there was no change in TV One&#8217;s enterprise fair value since the December 31, 2012 valuation (See Note 6 &#8211; <i>Derivative Instruments and Hedging Activities</i>.)&#160; The terms of the April 2008 employment agreement remain in effect including eligibility for the TV One award. </font><font style="color: black; font-size: 10pt;">&#160;</font></font></p> <p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <p style="margin: 0pt 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(d) &#160; The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology.&#160; A third-party valuation firm assisted the Company in estimating the fair value.&#160;Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.</font></p> <div><font size="2" style="font-family:times new roman,times">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, 2013 and 2012:</font></div> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Incentive Award Plan</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Employment Agreement Award</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Redeemable Noncontrolling Interests</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="10"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 61%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at December 31, 2012</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">11,374</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Losses included in earnings (unrealized)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">462</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net loss attributable to noncontrolling interests</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(187</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Change in enterprise fair value</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">346</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at March 31, 2013</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,836</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">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</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(462</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Incentive Award Plan</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Employment Agreement Award</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Redeemable Noncontrolling Interests</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="10"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 61%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at December 31, 2011</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,096</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10,346</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">20,343</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Losses included in earnings (unrealized)</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">350</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income attributable to noncontrolling interests</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">(221</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Change in enterprise fair value</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,330</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance at March 31, 2012</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">5,096</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10,696</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">23,452</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">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</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(350</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="text-align: justify; width: 24%; vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 15%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 17%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="border-bottom: black 1pt solid; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="border-bottom: black 1pt solid; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%; vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">As of </font><br /><font size="2" style="font-family:times new roman,times">March 31, 2012</font></td> </tr> <tr style="vertical-align: middle;"> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Level 3 liabilities</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Valuation Technique</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font size="2" style="font-family:times new roman,times">Significant Unobservable Inputs</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="5"><font size="2" style="font-family:times new roman,times">Significant Unobservable Input Value</font></td> </tr> <tr> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: middle;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="vertical-align: bottom;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Incentive award plan</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Incentive award plan</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Employment agreement award</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">10.75%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Employment agreement award</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">3.00%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interest</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discount Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">12.50%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">11.50%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">12.50%</font></td> </tr> <tr style="background-color: white; vertical-align: middle;"> <td><font size="2" style="font-family:times new roman,times">Redeemable noncontrolling interest</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Discounted Cash Flow</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">Long-term Growth Rate</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.00%</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">2.50%</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The following table summarizes the operating results for the stations sold and stations that we do not operate that are the subject of an LMA and are classified as discontinued operations for all periods presented:</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net revenue</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">78</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Station operating expenses</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">65</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">165</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Depreciation and amortization</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">12</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">18</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Interest income</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">87</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">90</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Gain on sale of assets</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">893</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Income (loss) from discontinued operations, net of tax</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">903</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(15</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The assets and liabilities of these stations classified as discontinued operations in the accompanying consolidated balance sheets consisted of the following:&#160;</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">As of</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">March 31,</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Currents assets:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; width: 74%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Accounts receivable, net of allowance for doubtful accounts</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">115</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">127</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">115</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">127</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Intangible assets, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,202</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,302</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Property and equipment, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">200</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">264</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total assets</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,517</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,693</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Current liabilities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Other current liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">112</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">107</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">112</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">107</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Long-term liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">23</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total liabilities</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">128</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">130</font></td> </tr> </table> <div><font size="2" style="font-family:times new roman,times">Below are some of the key assumptions used in the income approach model for estimating broadcasting licenses fair values for all annual impairment assessments and interim impairment assessments where impairment was identified, since January&#160;2012.</font></div> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; border-left: windowtext 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" rowspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Radio Broadcasting Licenses</b></font></td> <td style="border-bottom: black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" rowspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>June 30,</b></font></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>October 1, </b></font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>March 31,</b></font></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2012 (a)</b></font></td> <td style="border-bottom: windowtext 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2012</b></font></td> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: windowtext 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2013 (a)</b></font></td> <td style="border-bottom: windowtext 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; border-right: windowtext 1pt solid;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="padding-left: 5.4pt; width: 48%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 13%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 13%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 2%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 11%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-left: 5.4pt; width: 3%; padding-right: 5.4pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Pre-tax impairment charge (in millions)</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">0.3</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">&#8212;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.4</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Discount Rate</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">10.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">10.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">10.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Year 1 Market Revenue Growth Rate Range</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.0% -3.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.0% -2.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Long-term Market Revenue Growth Rate Range (Years 6 &#8211; 10)</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.0% - 2.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.0% -2.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">1.5</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Mature Market Share Range</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">5.8% - 15.6</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.7% - 27.4</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">8.6&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Operating Profit Margin Range</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">29.1% - 48.0</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">19.6% - 47.7</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> <td style="text-indent: 0px; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; text-indent: 0px; padding: 0px;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">31.4&#160;</font></td> <td style="text-indent: 0px; padding: 0px;" nowrap="nowrap"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="text-align: center; width: 2%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">(a) </font></td> <td style="text-align: justify; width: 98%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.</font></td> </tr> </table> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company&#8217;s investments (short-term and long-term) consist of the following:</p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Amortized Cost<br />Basis</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Gross Unrealized Losses</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Gross Unrealized Gains</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair<br />Value</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14">(In thousands)</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;">March 31, 2013</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 36%; font: 10pt times new roman, times, serif;">Corporate debt securities</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">1,298</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">(7</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">)</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">9</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">1,300</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Mutual funds</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">2,002</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(24</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">2</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">1,980</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Total investments</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">3,300</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(31</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">11</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">3,280</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> </table> <p style="text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Amortized Cost<br />Basis</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Gross Unrealized Losses</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Gross <br />Unrealized Gains</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair<br />Value</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14">(In thousands)</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;">December 31, 2012</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 36%; font: 10pt times new roman, times, serif;">Corporate debt securities</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">85</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">107</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;">192</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Mutual funds</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">1,512</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(11</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">1</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">1,502</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Total investments</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,597</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(11</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">108</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,694</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">The following tables show the gross unrealized losses and fair value of the Company&#8217;s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair<br />Value<br />&lt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Unrealized Losses<br />&lt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair<br />Value <br />&gt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Unrealized Losses<br />&gt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Total Unrealized Losses</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="18">(In thousands)</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;">March 31, 2013</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 30%; font: 10pt times new roman, times, serif;">Corporate debt securities</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">1,075</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">(7</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">)</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">(7</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Mutual funds</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">1,475</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(24</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(24</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Total investments</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">2,550</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(31</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(31</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> </tr> </table> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair<br />Value<br />&lt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Unrealized Losses<br />&lt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair<br />Value <br />&gt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Unrealized Losses<br />&gt; 1 Year</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Total Unrealized Losses</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="18">(In thousands)</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font: bold 10pt times new roman, times, serif;">December 31, 2012</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; width: 30%; font: 10pt times new roman, times, serif;">Mutual funds</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;">1,235</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;">(11</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 11%; font: 10pt times new roman, times, serif;">(11</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Total investments</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,235</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(11</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">&#8212;</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(11</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The amortized cost and estimated fair value of debt securities at March 31, 2013, by contractual maturity, are shown below.</p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Amortized Cost Basis</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Fair Value</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(In thousands)</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 72%; font: 10pt times new roman, times, serif;">Within 1 year</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">1,273</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 11%; font: 10pt times new roman, times, serif;">1,272</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">After 1 year through 5&#160;years</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">25</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">28</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Total debt securities</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,298</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,300</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"></td> </tr> </table> <div><font size="2" style="font-family:times new roman,times">Available-for-sale securities were sold as follows:</font></div> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 80%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 68%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Proceeds from sales</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">503</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 13%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,859</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Gross realized gains</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Gross realized losses</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(37</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">The fair values and the presentation of the Company&#8217;s derivative instruments in the consolidated balance sheets are as follows:&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; padding-bottom: 1pt;" colspan="9"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Liability&#160;Derivatives</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="4"><font size="2" style="font-family:times new roman,times"><b>As of March 31, 2013</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="4"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>As&#160;of&#160;December&#160;31,&#160;2012</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="4"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>(Unaudited)</b></font></td> <td colspan="5"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="9"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>(In thousands)</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="9"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Balance&#160;Sheet Location</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Fair Value</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Balance&#160;Sheet Location</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Fair&#160;Value</b></font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; width: 36%;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2"><b>Derivatives not designated as hedging instruments:</b></font></td> <td style="padding-bottom: 1pt; width: 21%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; width: 8%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 21%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; width: 8%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Employment agreement award</font></td> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Other Long-Term Liabilities</font></td> <td style="text-align: right; padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">11,836</font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Other Long-Term Liabilities</font></td> <td style="text-align: right; padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">11,374</font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; padding-bottom: 2.5pt;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">Total derivatives</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">11,836</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">11,374</font></td> <td style="padding-bottom: 2.5pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The effect and the presentation of the Company&#8217;s derivative instruments on the consolidated statements of operations are as follows:</font></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="border-bottom: black 1pt solid; text-align: center; padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Derivatives&#160;Not&#160;Designated as&#160;Hedging&#160;Instruments</b></font></td> <td style="border-bottom: black 1pt solid; text-align: center; padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Location&#160;of&#160;Gain (Loss) <br />in&#160;Income&#160;of&#160;Derivative</b></font></td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt;" colspan="3"> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Amount&#160;of&#160;Gain (Loss) in&#160;Income&#160;of&#160;Derivative</b></font></p> </td> </tr> <tr style="vertical-align: top;"> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="3"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Three Months Ended March 31,</b></font></td> </tr> <tr> <td style="padding-bottom: 1pt; width: 21%; vertical-align: top;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 32%; vertical-align: top;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 21%; vertical-align: bottom;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2013</b></font></td> <td style="padding-bottom: 1pt; width: 5%; vertical-align: top;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; width: 21%; vertical-align: top;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>2012</b></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="3"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>(Unaudited)</b></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center;" colspan="3"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>(In thousands)</b></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="3"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: top;"> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Employment agreement award</font></td> <td style="padding-bottom: 1pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Corporate selling, general and <br />administrative expense</font></td> <td style="border-bottom: black 1pt solid;"> <p style="text-align: right; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: right; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$462</font></p> </td> <td style="text-align: right; padding-bottom: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"> <p style="text-align: right; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: right; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$350</font></p> </td> </tr> </table> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Long-term debt consists of the following:</font></p> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">March 31, 2013</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="6"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Senior bank term debt</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">376,336</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">377,297</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">6<sup>3</sup>/<sub>8</sub><font style="color: black;">% Senior Subordinated Notes due February 2013</font></font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">747</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font style="font: 10pt times new roman, times, serif; color: black;; font-family:times new roman,times" size="2">12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">10% Senior Secured TV One Notes due March 2016</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Total debt</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">822,370</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">824,078</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Less: current portion</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,587</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Less: original issue discount</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,994</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,360</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Long-term debt, net</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">813,536</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">814,131</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">As of March 31, 2013, ratios calculated in accordance with the 2011 Credit Agreement, as amended, are as follows:</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1.5pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>As of March 31, 2013</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1.5pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Covenant Limit</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1.5pt solid; text-align: center;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Excess Coverage</b></font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Pro Forma Last Twelve Months Covenant EBITDA (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">86.6</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Pro Forma Last Twelve Months Interest Expense (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">68.7</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Senior Debt (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">352.4</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Total Debt (In millions)</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">$</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">679.4</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Senior Secured Leverage&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Senior Secured Debt / Covenant EBITDA&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">4.07</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">4.50</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.43</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Total Leverage</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="width: 58%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Total Debt / Covenant EBITDA</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">7.84</font></td> <td style="width: 1%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">8.50</font></td> <td style="width: 1%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.66</font></td> <td style="width: 1%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Interest Coverage</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Covenant EBITDA / Interest Expense</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.26</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">1.10</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">0.16</font></td> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">x</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">EBITDA - Earnings before interest, taxes, depreciation and amortization&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 13.5pt; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">Future scheduled minimum principal payments of debt as of March 31, 2013, are as follows:</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;; font-family:times new roman,times" size="2"></font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Credit Facility</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Senior Subordinated Notes</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">TV One Senior Secured Notes</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Total</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font size="2" style="font-family:times new roman,times"><b>(Unaudited)</b></font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font size="2" style="font-family:times new roman,times"><b>(In thousands)</b></font></td> <td style="font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt; padding: 0px;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="6"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">April &#8211; December 2013</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">2,880</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">2,880</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">2014</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">2015</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">2016</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">365,776</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">811,810</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black; padding: 0px;"><font size="2" style="font-family:times new roman,times">Total Debt</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">376,336</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">327,034</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">119,000</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">822,370</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Transactions and other information relating to stock options for the three months ended <font style="background-color: white; color: black;">March 31, 2013, </font>are summarized below:</font></p> <p style="background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Number of Options</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted-Average Exercise Price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif; color: black;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted-Average Remaining Contractual Term (In Years)</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Aggregate Intrinsic Value</b></font></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Outstanding at December&#160;31, 2012</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,630,000</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.17</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Grants</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Exercised</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Forfeited/cancelled/expired</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Balance as of March 31, 2013</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,630,000</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.17</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3.53</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">715,418</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Vested and expected to vest at March 31, 2013</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,612,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.20</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3.23</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">704,023</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Unvested at March 31, 2013</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">184,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">1.02</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">9.00</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">129,516</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Exercisable at March&#160;31, 2013</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">4,446,000</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">8.47</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">3.30</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">585,902</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Transactions and other information relating to restricted stock grants for the three months ended <font style="color: black;">March 31, 2013, </font>are summarized below:</p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; font: 10pt times new roman, times, serif;" colspan="2"> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Shares</b></p> </td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Average Fair Value at Grant Date</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="width: 74%; font: 10pt times new roman, times, serif;">Unvested at December&#160;31, 2012</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">82,000</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">1.11</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Grants</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Vested</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(25,000</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1.04</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Forfeited/cancelled/expired</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">$</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif;">Unvested at <font style="color: black;">March 31, 2013</font></font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">57,000</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1.15</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"></td> </tr> </table> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Detailed segment data for the three months ended March 31, 2013 and 2012 is presented in the following tables:</p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">Three Months Ended March 31,</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2013</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2012</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(Unaudited)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(In thousands)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Net Revenue:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">49,858</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">49,179</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">9,541</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">17,029</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,052</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,785</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">35,991</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">32,236</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(1,330</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(1,265</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">99,112</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">102,964</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">31,621</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">33,138</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">10,347</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">16,856</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,552</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,464</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">20,766</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">20,318</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">4,387</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">3,701</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">72,673</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">79,477</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Depreciation and Amortization:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1,543</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1,574</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">287</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">332</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">710</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">814</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">6,633</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">6,748</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">367</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">217</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">9,540</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">9,685</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Impairment of Long-Lived Assets:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">1,370</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,370</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif; color: black;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif; color: black;">&#8212;</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Operating income (loss):</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">15,324</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">14,467</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(1,093</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(159</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(1,210</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">(493</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">8,592</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">5,170</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(6,084</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(5,183</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">15,529</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">13,802</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> </table> <p style="margin: 0px;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">March 31, 2013</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">December 31, 2012</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">(Unaudited)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;">&#160;</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">(In thousands)</td> <td style="font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Total Assets:</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 74%; font: 10pt times new roman, times, serif;">Radio Broadcasting</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">788,156</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">$</td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;">801,340</td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Reach Media</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">35,356</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">31,003</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;">Internet</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">31,430</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">32,076</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;">Cable Television</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">524,024</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="text-align: right; font: 10pt times new roman, times, serif;">535,344</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">Corporate/Eliminations/Other</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">63,094</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">60,432</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">Consolidated</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,442,060</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,460,195</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"></td> </tr> </table> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0" > <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">CONSOLIDATING STATEMENT OF OPERATIONS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31, 2013</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NET REVENUE</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">41,463</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">57,649</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">99,112</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">OPERATING EXPENSES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Programming and technical</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">15,488</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">14,985</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">30,473</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,040</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">15,683</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">32,723</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,138</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8,339</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,477</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Depreciation and amortization</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,929</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,611</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,540</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Impairment of long-lived assets</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,370</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,370</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;Total operating expenses</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">36,965</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">46,618</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">83,583</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;Operating income</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,498</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,031</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">15,529</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">INTEREST INCOME</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">40</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">40</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">INTEREST EXPENSE</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">363</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">21,883</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">22,246</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">OTHER INCOME, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">10</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">30</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">40</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Income (loss)&#160;before provision for&#160;income taxes, noncontrolling interests in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,145</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(10,782</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(6,637</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">PROVISION FOR INCOME TAXES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,681</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,681</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income (loss) before equity in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,145</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(17,463</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(13,318</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">EQUITY IN INCOME OF SUBSIDIARIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income (loss) from continuing operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,145</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(13,318</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">INCOME FROM DISCONTINUED OPERATIONS, net of tax</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">903</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">903</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,106</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: center; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">CONSOLIDATING STATEMENT OF OPERATIONS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31, 2012</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NET REVENUE</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">31,025</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">71,939</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">102,964</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">OPERATING EXPENSES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Programming and technical</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8,357</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">22,755</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">31,112</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">14,654</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">24,118</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">38,772</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Corporate selling, general and administrative, including stock-based compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,593</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,593</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Depreciation and amortization</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,821</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,864</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,685</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;Total operating expenses</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">24,832</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">64,330</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">89,162</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;Operating income</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,193</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,609</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,802</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">INTEREST INCOME</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">22</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">22</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">INTEREST EXPENSE</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">249</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">23,498</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">23,747</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">OTHER INCOME, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Income (loss)&#160;before provision for&#160;income taxes, noncontrolling interests in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,944</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(15,860</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(9,916</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">PROVISION FOR INCOME TAXES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">65,254</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">65,254</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income (loss) before equity in&#160;income of subsidiaries and discontinued operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,944</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(81,114</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,170</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">EQUITY IN INCOME OF SUBSIDIARIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">Net income (loss) from continuing operations</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,944</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,184</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,170</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">LOSS FROM DISCONTINUED OPERATIONS, net of tax</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(14</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(15</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(79,242</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS</b></font></p> <table style="width: 100%; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; width: 100%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Three Months Ended March 31, 2013</b></font></td> </tr> </table> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NET CHANGE IN UNREALIZED LOSS ON INVESTMENT ACTIVITIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(20</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(20</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,435</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(12,435</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">LESS:&#160;&#160;COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,691</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,126</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(18,126</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b></b></font>&#160;</p> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS</b></font></p> <p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>Three Months Ended March 31, 2012</b></font></p> <p style="text-align: center; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">CONSOLIDATED NET INCOME (LOSS)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NET CHANGE IN UNREALIZED LOSS ON INVESTMENT ACTIVITIES</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">97</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">97</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,088</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,088</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">LESS:&#160;&#160;COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,057</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(79,145</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(79,145</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">CONSOLIDATING BALANCE SHEETS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">As of March 31, 2013</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio One,</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font size="2" style="font-family:times new roman,times">ASSETS</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CURRENT ASSETS:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Cash and cash equivalents</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,766</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">43,660</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">46,426</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Short-term investments</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,212</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,212</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Trade accounts receivable, net of allowance for doubtful accounts</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">38,033</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">45,703</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">83,736</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,509</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,821</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">10,330</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current portion of content assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">28,770</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">28,770</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current assets from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(10</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">125</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">115</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">48,298</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">124,291</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">172,589</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">PREPAID PROGRAMMING AND DEPOSITS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,857</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,857</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">PROPERTY AND EQUIPMENT, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,369</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,421</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">34,790</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">INTANGIBLE ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">562,386</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">628,279</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,190,665</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CONTENT ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">33,748</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">33,748</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">LONG-TERM INVESTMENTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">68</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">68</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">INVESTMENT IN SUBSIDIARIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">OTHER ASSETS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">190</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,751</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,941</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -9pt; padding-left: 9pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,402</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,402</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total assets</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">629,645</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,422,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,442,060</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font size="2" style="font-family:times new roman,times">LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CURRENT LIABILITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accounts payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,416</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,117</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,533</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accrued interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,069</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,069</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,626</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,340</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8,966</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current portion of content payables</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Other current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,447</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,778</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,225</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current portion of long-term debt</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,840</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current liabilities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">86</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">26</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">112</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">18,575</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">40,208</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">58,783</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">LONG-TERM DEBT, net of current portion and original issue discount</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">813,536</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">813,536</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">CONTENT PAYABLES,<b> </b>net of current portion</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">10,835</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">10,835</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">OTHER LONG-TERM LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,124</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,309</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">18,433</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">DEFERRED&#160;TAX LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">194,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">194,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">19,715</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,076,741</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,096,456</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">REDEEMABLE NONCONTROLLING INTEREST</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,012</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">STOCKHOLDERS&#8217; EQUITY:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Common stock</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">49</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accumulated other comprehensive loss</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(122</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(122</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Additional paid-in capital</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">176,731</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,005,045</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(176,731</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,005,045</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Retained earnings (accumulated deficit)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">433,199</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(881,127</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(433,199</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(881,127</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total stockholders&#8217; equity</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">123,845</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">123,845</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Noncontrolling interest</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">208,747</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">208,747</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total Equity</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">609,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">332,592</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">332,592</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total liabilities, redeemable noncontrolling interest and equity</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">629,645</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,422,345</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(609,930</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,442,060</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">CONSOLIDATING BALANCE SHEETS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">As of December 31, 2012</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio One,</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font size="2" style="font-family:times new roman,times">ASSETS</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CURRENT ASSETS:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Cash and cash equivalents</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,511</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">55,744</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">57,255</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Short-term investments</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,597</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,597</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Trade accounts receivable, net of allowance for doubtful accounts</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">28,821</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">53,091</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">81,912</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,006</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,104</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,110</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current portion of content assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">27,723</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">27,723</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current assets from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">124</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">127</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">31,341</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">144,383</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">175,724</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">PROPERTY AND EQUIPMENT, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,073</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">18,209</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">35,282</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">INTANGIBLE ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">546,126</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">656,436</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,202,562</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CONTENT ASSETS, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">38,981</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">38,981</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">LONG-TERM INVESTMENTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">97</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">97</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">INVESTMENT IN SUBSIDIARIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">OTHER ASSETS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">241</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,742</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,983</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NON-CURRENT ASSETS FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,566</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,566</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total assets</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">599,347</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,445,892</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,460,195</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="16"><font size="2" style="font-family:times new roman,times">LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CURRENT LIABILITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accounts payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,794</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,616</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,410</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accrued interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,849</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,849</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,109</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,056</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,165</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current portion of content payables</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,694</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,694</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Other current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,209</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6,954</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16,163</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current portion of long-term debt</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,587</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,587</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Current liabilities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">94</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">107</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total current liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,206</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">47,769</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">60,975</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">LONG-TERM DEBT, net of current portion and original issue discount</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">814,131</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">814,131</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">CONTENT PAYABLES,<b> </b>net of current portion</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,163</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">11,163</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">OTHER LONG-TERM LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,074</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">17,229</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">18,303</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">DEFERRED&#160;TAX LIABILITIES</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">188,249</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">188,249</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif; color: black;"><font size="2" style="font-family:times new roman,times">NON-CURRENT LIABILITIES FROM DISCONTINUED OPERATIONS</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">23</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">23</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total liabilities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">14,303</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,078,541</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,092,844</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">REDEEMABLE NONCONTROLLING INTERESTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">12,853</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">STOCKHOLDERS&#8217; EQUITY:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Common stock</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">50</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">50</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Accumulated other comprehensive income</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(102</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(102</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Additional paid-in capital</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">156,893</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,006,873</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(156,893</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,006,873</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Retained earnings (accumulated deficit)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">428,151</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(863,021</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(428,151</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(863,021</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total stockholders&#8217; equity</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">143,800</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">143,800</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Noncontrolling interest</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">210,698</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">210,698</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Total Equity</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">585,044</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">354,498</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">354,498</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Total liabilities, redeemable noncontrolling interests and equity</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">599,347</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,445,892</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(585,044</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,460,195</font></td> </tr> </table> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="17"><font size="2" style="font-family:times new roman,times">CONSOLIDATING STATEMENT OF CASH FLOWS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="17"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31, 2013</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">CASH FLOWS FROM OPERATING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Consolidated net income (loss)</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(12,415</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -0.25in; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;Adjustments to reconcile net income (loss) to net cash from operating activities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Depreciation and amortization</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,929</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7,611</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9,540</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of debt financing costs</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,317</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,317</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of content assets</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">8,796</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">8,796</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of launch assets</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">2,491</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">2,491</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Deferred income taxes</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">6,604</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">6,604</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Impairment of long-lived assets</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,370</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,370</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Stock-based compensation and other non-cash compensation</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">43</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">43</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">Effect of change in operating assets and liabilities, net of assets acquired:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Trade accounts receivable, net</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(9,212</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7,388</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,824</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(6,503</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">3,283</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(3,220</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other assets</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">51</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(9</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">42</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accounts payable</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">622</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">501</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,123</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Due to corporate/from subsidiaries</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">17</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(17</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued interest</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">220</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">220</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">517</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(2,716</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(2,199</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income taxes payable</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">56</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">56</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other liabilities</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4,254</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(3,117</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,137</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Payments for content assets</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(12,451</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(12,451</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.25in; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows provided by operating activities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">3,162</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">12</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">3,174</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows provided by (used in) operating activities</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,255</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7,597</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">3,804</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">CASH FLOWS FROM INVESTING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Purchase of property and equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(2,220</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(2,220</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Proceeds from sales of investment securities</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">503</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">503</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Purchases of investment securities</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,831</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,831</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Investment in subsidiaries</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows (used in) provided by investing activities</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(8,596</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">5,048</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(3,548</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">CASH FLOWS FROM FINANCING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Repayment of credit facility</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(960</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(960</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Repurchase of common stock</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,526</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,526</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Repayment of senior subordinated notes</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(747</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(747</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Debt refinancing and modification costs</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(23</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(23</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Payment of dividends to noncontrolling interest members of TV One</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(7,829</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(7,829</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows used in financing activities</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(11,085</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(11,085</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,255</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(12,084</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(10,829</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">CASH AND CASH EQUIVALENTS, beginning of period</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,511</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">55,744</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">57,255</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">CASH AND CASH EQUIVALENTS, end of period</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">2,766</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">43,660</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">46,426</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table align="center" style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">CONSOLIDATING STATEMENT OF CASH FLOWS</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="17"><font size="2" style="font-family:times new roman,times">Three Months Ended March 31, 2012</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Combined</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Guarantor</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Radio</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Subsidiaries</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">One, Inc.</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Eliminations</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Consolidated</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">(Unaudited)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font: bold 10pt times new roman, times, serif;" colspan="14"><font size="2" style="font-family:times new roman,times">(In thousands)</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="14"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CASH FLOWS FROM OPERATING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 48%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Consolidated net income (loss)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="text-align: right; width: 10%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(75,185</font></td> <td style="text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -0.25in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;Adjustments to reconcile net income (loss) to net cash from operating activities:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Depreciation and amortization</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,821</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,864</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">9,685</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of debt financing costs</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">760</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">760</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of content assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8,321</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8,321</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Amortization of launch assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,489</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,489</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Deferred income taxes</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">65,582</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">65,582</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Stock-based compensation and other non-cash compensation</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">44</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">44</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Non-cash interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,038</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">Effect of change in operating assets and liabilities, net of assets acquired:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Trade accounts receivable, net</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,186</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,369</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,555</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prepaid expenses and other current assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(43</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,557</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,514</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other assets</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(32</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(2,977</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(3,009</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accounts payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(25</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,635</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2,610</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Due to corporate/from subsidiaries</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(10,361</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">10,361</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued interest</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">121</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">121</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accrued compensation and related benefits</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">117</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">487</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">604</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income taxes payable</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(431</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(431</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other liabilities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">243</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(718</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(475</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Payments for content assets</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(10,714</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(10,714</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.25in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows used in operating activities from discontinued operations</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(24</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net cash flows (used in) provided by operating activities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(188</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">18,603</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">12,485</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CASH FLOWS FROM INVESTING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Purchase of property and equipment</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(2,960</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(2,960</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Proceeds from sales of investment securities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,859</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,859</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Purchases of investment securities</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(348</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(348</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Investment in subsidiaries</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows (used in) provided by investing activities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,379</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">5,930</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">551</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CASH FLOWS FROM FINANCING ACTIVITIES:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Repayment of credit facility</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(965</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(965</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Debt refinancing and modification costs</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(13</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(13</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;Payment of dividends to noncontrolling interest members of TV One</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(4,113</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(4,113</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;&#160;&#160;&#160;Net cash flows used in financing activities</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,091</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(5,091</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(188</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">8,133</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">7,945</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CASH AND CASH EQUIVALENTS, beginning of period</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">187</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">35,752</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">35,939</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">CASH AND CASH EQUIVALENTS, end of period</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(1</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">43,885</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#8212;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">43,884</font></td> </tr> </table> 0 0 -1.58 -0.36 4811000 119000 4630000 57000 1694000 192000 1694000 0 0 192000 192000 0 0 1502000 1502000 0 0 1502000 3280000 1300000 3280000 0 0 1300000 1300000 0 0 1980000 1980000 0 0 1980000 5345000 0 0 5345000 5345000 0 0 5345000 11374000 11374000 0 0 11374000 11836000 11836000 0 0 11836000 16719000 0 0 16719000 17181000 0 0 17181000 12853000 0 0 12853000 13012000 0 0 13012000 5096000 10346000 20343000 5096000 10696000 23452000 5345000 11374000 12853000 5345000 11836000 13012000 0 350000 0 0 462000 0 0 0 -221000 0 0 -187000 0 0 3330000 0 0 346000 0 -350000 0 0 -462000 0 0.1075 0.1075 0.125 0.03 0.03 0.02 Discounted Cash Flow Discounted Cash Flow Discounted Cash Flow 97000000 199300000 119000000 824078000 119000000 747000 327034000 377297000 119000000 822370000 119000000 679400000 0 327034000 376336000 119000000 327034000 376336000 740000 293500000 328700000 328700000 7100000 6900000 722000 618000 0.50 0.511 0.511 0.80 0.535 0.80 P10Y10M24D 0.08 0.08 0.06375 0.1250 0.1500 0.1000 2500000 96000 0 P2Y4M24D P2Y1M6D 0.10 0.10 82400000 61200000 2400000 204100000 287300000 225700000 203000000 0.02 0.154 0.124 39000000 146900000 0.368 0.509 P18M 4000000 2000000 78000 0 165000 65000 18000 12000 90000 87000 0 893000 127000 115000 4302000 1202000 264000 200000 4693000 1517000 107000 112000 23000 16000 130000 128000 300000 0 1400000 0.10 0.10 0.10 0.01 0.03 0.01 0.02 0.01 0.01 0.02 0.01 0.02 0.015 0.058 0.156 0.007 0.274 0.086 0.291 0.48 0.196 0.477 0.314 1400000 313000 1597000 85000 1512000 3300000 1298000 2002000 11000 0 11000 31000 7000 24000 108000 107000 1000 11000 9000 2000 1235000 1235000 2250000 1075000 1475000 11000 11000 31000 7000 24000 0 0 0 0 0 0 0 0 0 0 -11000 -11000 -31000 -7000 -24000 1273000 25000 1298000 1272000 28000 1300000 3859000 503000 8000 0 37000 0 350000 462000 11800000 5360000 4994000 86600000 68700000 352400000 4.07 0.43 4.50 7.84 0.66 8.50 1.26 0.16 1.10 2880000 0 0 2880000 3840000 0 0 3840000 3840000 0 0 3840000 811810000 119000000 327034000 365776000 386000000 25000000 286800000 101500000 200000000 119000000 411000000 14200000 327000000 Under the terms of the 2011 Credit Agreement, interest on base rate loans is payable quarterly and interest on LIBOR loans is payable monthly or quarterly. The base rate is equal to the greater of (i) the prime rate, (ii) the Federal Funds Effective Rate plus 0.50% or (iii) the LIBOR Rate for a one-month period plus 1.00%. The applicable margin on the 2011 Credit Agreement is between (i) 4.50% and 5.50% on the revolving portion of the facility and (ii) 5.00% (with a base rate floor of 2.5% per annum) and 6.00% (with a LIBOR floor of 1.5% per annum) on the term portion of the facility. 960000 24000000 24000000 376300000 1000000 24000 (a) maintaining an interest coverage ratio of no less than: 1.10 to 1.00 on December 31, 2012 and the last day of each fiscal quarter through December 31, 2013; 1.20 to 1.00 on March 31, 2014 and the last day of each fiscal quarter through September 30, 2014; 1.25 to 1.00 on December 31, 2014 and the last day of each fiscal quarter through September 30, 2015; and 1.50 to 1.00 on December 31, 2015 and the last day of each fiscal quarter thereafter. 0.0025 0.1250 0.15 0.06375 0.1250 0.06 0.09 (b) maintaining a senior secured leverage ratio of no greater than: 4.50 to 1.00 on September 30, 2012 and the last day of each fiscal quarter through December 31, 2013; 4.25 to 1.00 on March 31, 2014 and the last day of each fiscal quarter through June 30, 2014; 4.00 to 1.00 on September 30, 2014; 3.75 to 1.00 on December 31, 2014; 3.25 to 1.00 on March 31, 2015 and the last day of each fiscal quarter through September 30, 2015; 2.75 to 1.00 on December 31, 2015 and the last day of each fiscal quarter thereafter. (c) maintaining a total leverage ratio of no greater than: 8.50 to 1.00 on December 31, 2012 and the last day of each fiscal quarter through December 31, 2013; 8.25 to 1.00 on March 31, 2014 and June 30, 2014; 8.00 to 1.00 on September 30, 2014; 7.50 to 1.00 on December 31, 2014; 6.50 to 1.00 on March 31, 2015 and the last day of each fiscal quarter through September 30, 2015; 6.00 to 1.00 on December 31, 2015 and the last day of each fiscal quarter thereafter. (d) limitations on: liens; sale of assets; payment of dividends; and mergers. 0.0750 4630000 4630000 0 0 0 4612000 184000 4446000 8.17 8.17 0 0 0 8.20 1.02 8.47 P3Y6M11D P3Y2M23D P9Y P3Y3M18D 0 715418 704023 129516 585902 82000 57000 0 25000 0 1.11 1.15 0 1.04 0 2000000 1408099 10816198 8250000 4724272 15772 0 84000 P7M 44000 7150 951974 11000 0 0 0 0 0 0 11000 0 0 11000 1515000 1.54 1.59 3.23 P9M 79477000 33138000 16856000 5464000 20318000 3701000 72673000 31621000 10347000 5552000 20766000 4387000 1000 0 -75170000 -81114000 5944000 0 -13318000 -17463000 4145000 0 0 5930000 0 -5930000 0 5048000 0 -5048000 7110000 6104000 0 1006000 10330000 2821000 0 7509000 27723000 27723000 0 0 28770000 28770000 0 0 1202562000 656436000 0 546126000 1190665000 628279000 0 562386000 0 585044000 -585044000 0 0 609930000 -609930000 0 4587000 4587000 0 0 3840000 3840000 0 0 0 10361000 0 -10361000 0 -17000 0 17000 3859000 3859000 0 0 503000 503000 0 0 348000 348000 0 0 1831000 1831000 0 0 0 -5930000 5930000 0 0 -5048000 5048000 0 0.07 0.11 1000000 0 1370000 0 0 1370000 0 1400000 1515000 0 0 0 0 1000 0 1514000 0 0 0 747000 747000 0 0 0 1526000 1526000 0 0 7150 951974 148100 1700 0 0 0 0 0 0 1370000 1370000 0 0 0 0 2800000 2400000 5857000 5857000 0 0 1.75 1.76 258532 2985 200000 Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair values are estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. These balances are measured based on the estimated enterprise fair value of TV One. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. For the period ended March 31, 2013, the Company determined that there was no change in TV One's enterprise fair value since the December 31, 2012 valuation. Pursuant to an employment agreement (the "Employment Agreement") executed in April 2008, the Chief Executive Officer ("CEO") is eligible to receive an award amount equal to 8% 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 and an assessment of the probability that the employment agreement will be renewed and contain this provision. The Company's obligation to pay the award will be triggered only 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 membership interest 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. In estimating the fair value of the award, the Company determined that there was no change in TV One's enterprise fair value since the December 31, 2012 valuation (See Note 6 Derivative Instruments and Hedging Activities.) The terms of the April 2008 employment agreement remain in effect including eligibility for the TV One award. 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. Reflects changes only to the key assumptions used in the interim testing for certain units of accounting. P10Y10M24D 2500000 0001041657us-gaap:SeniorSubordinatedNotesMemberroia:Notes2011Member2010-11-24 0.08875 <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(c)&#160;&#160;Financial Instruments</i></b></p> <p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white; color: black;">Financial instruments as of </font>March 31, 2013,<font style="background-color: white; color: black;"> and December 31, 2012, consisted of cash and cash equivalents, investments, trade accounts receivable, accounts payable, accrued expenses, long-term debt and redeemable noncontrolling interest. The carrying amounts approximated fair value for each of these financial instruments as of </font>March 31, 2013<font style="background-color: white; color: black;"> and December 31, 2012, respectively, except for the Company&#8217;s outstanding senior subordinated notes. The </font>6<sup>3</sup>/<sub>8</sub><font style="color: black;">% Senior <font style="background-color: white;">Subordinated Notes which were due and paid in full in February 2013 had a carrying value of $747,000 and a fair value of approximately $740,000 as of December&#160;31, 2012. The 12<sup>1</sup>/<sub>2</sub>%/15% Senior Subordinated Notes due May 2016 had a carrying value of approximately $327.0 million and a fair value of approximately $328.7 million as of </font></font>March 31, 2013<font style="background-color: white; color: black;">, and a carrying value of approximately $327.0 million and a fair value of approximately $293.5&#160;million as of December&#160;31, 2012. The fair values, classified as Level 2, were determined based on the trading&#160;values of&#160;these instruments in an inactive market as of the reporting date. The Company&#8217;s 10% Senior Secured TV One Notes due March 2016 are classified as Level 3 since they are not market traded financial instruments.</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>(b)&#160;&#160;Interim Financial Statements</i></b></p> <div style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;"></font>&#160;</div> <div style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">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 (&#8220;SEC&#8221;). In management&#8217;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 (&#8220;GAAP&#8221;) have been condensed or omitted pursuant to such rules and regulations.</font></div> <p style="text-align: justify; background-color: white; text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">&#160;</font></p> <p style="text-align: justify; background-color: white; text-indent: 0.25in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">Results for interim periods are not necessarily indicative of results to be expected for the full year. This Form&#160;10-Q should be read in conjunction with the financial statements and notes thereto included in the Company&#8217;s 2012 Annual Report on Form&#160;10-K, as amended on Form 10-K/A.</font></p> 0001041657roia:ColumbusOhioRadioStationsMember2013-01-012013-03-31 0.1150 0.03 0.1150 0.03 0.1250 0001041657roia:IncentiveAwardPlanMember2012-01-012012-12-31 0001041657roia:EmploymentAgreementAwardMember2012-01-012012-12-31 0001041657roia:RedeemableNoncontrollingInterestsMember2012-01-012012-12-31 0.1075 0.03 0.1075 0.03 0.1150 0.02 0.0250