Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS (Details Narrative 1)

v2.4.0.8
DEBT OBLIGATIONS (Details Narrative 1) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Sep. 03, 2013
Loan principal balance $ 3,213,490  
Golf
   
Amount of debt subject to working capital hold-back 7,500  
Maximum interest that may be paid on working capital hold-back 2,500  
First Lien Loan | Golf
   
Variable interest rate basis description LIBOR  
Variable Interest Rate Spread 4.00%  
Loan principal balance 54,500  
Principal funded 46,900  
LIBOR Floor 0.50%  
Derivative, maximum spread 4.79%  
Notional Balance of Derivative Assets 94,000  
Second Lien Loan | Golf
   
Loan principal balance 105,600  
Unhedged Weighted Average Funding Cost - Rate 5.50%  
Gatehouse | Revolving Credit Facility
   
Line of credit agreement maximum borrowing capacity 40,000  
Gatehouse | Secured Lien Credit Facility
   
Line of credit agreement maximum borrowing capacity 50,000  
Gatehouse | Term Loan A
   
Loan principal balance 25,000  
Gatehouse | Term Loan B
   
Loan principal balance 50,000  
Secured Lien Credit Facility | Gatehouse
   
Variable interest rate basis description LIBOR  
Variable Interest Rate Spread 11.00%  
Variable interest rate basis description, alternative Base Rate  
Variable Interest Rate Spread, alternative 10.00%  
Principal payments due, Tranche 1 900  
Principal payments due, Tranche 2 1,300  
Principal payments due, Tranche 3 2,000  
Frequency of payments Quarterly  
Percentage of excess cash flow to be paid - alternative 1 100.00%  
Minimum leverage Ratio - alternative 1 275.00%  
Percentage of excess cash flow to be paid - alternative 1 50.00%  
Maximum leverage Ratio - alternative 2 275.00%  
Minimum leverage Ratio 2 - alternative 2 250.00%  
Percentage of excess cash flow to be paid - alternative 3 0.00%  
Maximum leverage Ratio - alternative 3 250.00%  
Debt covenant - Maximum leverage ratio 325.00%  
Debt covenant - Minimum Fixed Charge Coverage Ratio 100.00%  
Dow Jones Local Media Group | Senior Secured Term Loan
   
Senior Secured Term Loan   33,000
Dow Jones Local Media Group | Revolving Credit Facility
   
Line of credit agreement maximum borrowing capacity   10,000
Sub-facility letters of credit maximum borrowing capacity   3,000
Sub-facility swing loans maximum borrowing capacity   4,000
Variable interest rate basis description LIBOR  
Variable Interest Rate Spread 6.50%  
Variable interest rate basis description, alternative Base Rate  
Variable Interest Rate Spread, alternative 5.50%  
Monthly commitment fee on unused portion 0.75%  
Annual fee on outstanding letters of credit 6.00%  
Principal payments due, Tranche 1 200  
Principal payments due, Tranche 2 $ 400  
Frequency of payments Quarterly  
Percentage of excess cash flow to be paid - alternative 1 100.00%  
Minimum leverage Ratio - alternative 1 200.00%  
Percentage of excess cash flow to be paid - alternative 1 50.00%  
Maximum leverage Ratio - alternative 2 200.00%  
Minimum leverage Ratio 2 - alternative 2 175.00%  
Percentage of excess cash flow to be paid - alternative 3 0.00%  
Maximum leverage Ratio - alternative 3 175.00%  
Percentage of Extraordinary Receipts that must be prepaid 100.00%  
Percentage of Specified Equity Contributions that must be prepaid 100.00%  
Debt covenant - Maximum leverage ratio 250.00%  
Debt covenant - Minimum Fixed Charge Coverage Ratio 200.00%