Current report filing

DEBT OBLIGATIONS - Debt Obligations from Discontinued Operations (Details1)

v2.4.0.8
DEBT OBLIGATIONS - Debt Obligations from Discontinued Operations (Details1) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Debt Face Amount $ 3,030,490 $ 2,786,059
Carrying Value 3,017,931 2,781,761
Discontinued Operations
    
Debt Face Amount 183,000   
Carrying Value 182,016   
Weighted Average Funding Cost 7.93% [1]  
Weighted Average Maturity (Years) 4 years 8 months 12 days  
Face Amount of Floating Rate Debt 183,000  
Outstanding Face Amount of Collateral N/A [2]  
Amortized Cost Basis of Collateral    [2]  
Carrying Value of Collateral    [2]  
Weighted Average Maturity (Years) Of Collateral N/A  
Floating Rate Face Amount of Collateral N/A [2]  
Aggregate Notional Amount of Current Hedges    [3]  
Gatehouse Revolving Credit Facilities | Discontinued Operations
    
Month Issued Nov 2013 [4]  
Debt Face Amount 25,000 [4]    [4]
Carrying Value 25,000 [4]    [4]
Final Stated Maturity Nov 2018 [4]  
Unhedged Weighted Average Funding Cost - Basis for Variable Rate LIBOR [4],[5]  
Unhedged Weighted Average Funding Cost - Spread on Basis for Variable Rate 3.25% [4],[5]  
Weighted Average Funding Cost 3.42% [1],[4]  
Weighted Average Maturity (Years) 4 years 10 months 24 days [4]  
Face Amount of Floating Rate Debt 25,000 [4]  
Outstanding Face Amount of Collateral N/A [2],[4]  
Amortized Cost Basis of Collateral    [2],[4]  
Carrying Value of Collateral    [2],[4]  
Weighted Average Maturity (Years) Of Collateral N/A [4]  
Floating Rate Face Amount of Collateral N/A [2],[4]  
Aggregate Notional Amount of Current Hedges    [3],[4]  
Gatehouse Term Loan A | Discontinued Operations
    
Month Issued Nov 2013 [4]  
Debt Face Amount 25,000 [4]    [4]
Carrying Value 25,000 [4]    [4]
Final Stated Maturity Nov 2018 [4]  
Unhedged Weighted Average Funding Cost - Basis for Variable Rate LIBOR [4],[6]  
Unhedged Weighted Average Funding Cost - Spread on Basis for Variable Rate 4.25% [4],[6]  
Weighted Average Funding Cost 5.00% [1],[4]  
Weighted Average Maturity (Years) 4 years [4]  
Face Amount of Floating Rate Debt 25,000 [4]  
Outstanding Face Amount of Collateral N/A [2],[4]  
Amortized Cost Basis of Collateral    [2],[4]  
Carrying Value of Collateral    [2],[4]  
Weighted Average Maturity (Years) Of Collateral N/A [4]  
Floating Rate Face Amount of Collateral N/A [2],[4]  
Aggregate Notional Amount of Current Hedges    [3],[4]  
Gatehouse Term Loan B | Discontinued Operations
    
Month Issued Nov 2013 [4]  
Debt Face Amount 50,000 [4]    [4]
Carrying Value 50,000 [4]    [4]
Final Stated Maturity Nov 2018 [4]  
Unhedged Weighted Average Funding Cost - Basis for Variable Rate LIBOR [4],[6]  
Unhedged Weighted Average Funding Cost - Spread on Basis for Variable Rate 8.00% [4],[6]  
Weighted Average Funding Cost 8.75% [1],[4]  
Weighted Average Maturity (Years) 4 years [4]  
Face Amount of Floating Rate Debt 50,000 [4]  
Outstanding Face Amount of Collateral N/A [2],[4]  
Amortized Cost Basis of Collateral    [2],[4]  
Carrying Value of Collateral    [2],[4]  
Weighted Average Maturity (Years) Of Collateral N/A [4]  
Floating Rate Face Amount of Collateral N/A [2],[4]  
Aggregate Notional Amount of Current Hedges    [3],[4]  
Gatehouse Second Lien Credit Facility | Discontinued Operations
    
Month Issued Nov 2013 [4]  
Debt Face Amount 50,000 [4]    [4]
Carrying Value 49,016 [4]    [4]
Final Stated Maturity Nov 2019 [4]  
Unhedged Weighted Average Funding Cost - Basis for Variable Rate LIBOR [4],[5]  
Unhedged Weighted Average Funding Cost - Spread on Basis for Variable Rate 11.00% [4],[5]  
Weighted Average Funding Cost 11.17% [1],[4]  
Weighted Average Maturity (Years) 5 years 10 months 24 days [4]  
Face Amount of Floating Rate Debt 50,000 [4]  
Outstanding Face Amount of Collateral N/A [2],[4]  
Amortized Cost Basis of Collateral    [2],[4]  
Carrying Value of Collateral    [2],[4]  
Weighted Average Maturity (Years) Of Collateral N/A [4]  
Floating Rate Face Amount of Collateral N/A [2],[4]  
Aggregate Notional Amount of Current Hedges    [3],[4]  
Local Media Group Credit Facility | Discontinued Operations
    
Month Issued Sep 2013  
Debt Face Amount 33,000   
Carrying Value 33,000   
Final Stated Maturity Sep 2018  
Unhedged Weighted Average Funding Cost - Basis for Variable Rate LIBOR [7]  
Unhedged Weighted Average Funding Cost - Spread on Basis for Variable Rate 6.50% [7]  
Weighted Average Funding Cost 7.50% [1]  
Weighted Average Maturity (Years) 4 years 3 months 18 days  
Face Amount of Floating Rate Debt 33,000  
Outstanding Face Amount of Collateral N/A [2]  
Amortized Cost Basis of Collateral    [2]  
Carrying Value of Collateral    [2]  
Weighted Average Maturity (Years) Of Collateral N/A  
Floating Rate Face Amount of Collateral N/A [2]  
Aggregate Notional Amount of Current Hedges    [3]  
[1] Including the effect of applicable hedges.
[2] Excluding (i) restricted cash held in CDOs to be used for principal and interest payments of CDO debt, and (ii) operating cash from the senior housing business.
[3] Including $88.7 million notional amount of interest rate swap in CDO VI, which was an economic hedge not designed as a hedge for accounting purposes.
[4] These facilities are collateralized by all the assets of the respective businesses.
[5] Weighted average, including floating and fixed rate classes.
[6] This financing has a LIBOR floor of 0.75%.
[7] This financing has a LIBOR floor of 1.0%