Annual report pursuant to Section 13 and 15(d)

RELATED-PARTY TRANSACTIONS (Tables)

v2.4.0.6
RELATED-PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2012
RELATED-PARTY TRANSACTIONS [Abstract]  
Expenses Incurred and Revenues Earned from Director Related Party
   The following table sets forth expenses incurred and revenue earned from the transactions noted below:
 
   
Year Ended December 31,
 
   
2012
   
2011
   
2010
 
   
(in thousands)
 
Director related-party revenue
  $ 18,329     $ 22,069     $ 8  
                         
Director related-party expenses
  $ 21,795     $ 25,210     $ 7,839  
 
 
Relationship with Clear Channel
Expenses Incurred and Revenue Earned From Other Related Parties
The Company conducts certain transactions in the ordinary course of business with companies that are owned, in part or in total, by various members of management of the Company's subsidiaries or companies over which it has significant influence. These transactions primarily relate to venue rentals, concession services, equipment rentals, ticketing, marketing and other services. As of December 31, 2012 and 2011, the Company has a receivable balance of $12.2 million and $13.3 million, respectively, from certain of these companies. The following table sets forth expenses incurred and revenue earned from these companies for services rendered or provided in relation to these business ventures. None of these transactions were with directors or executive officers of the Company.
 
 
 Year Ended December 31,
 
 2012
 
 2011
 
 2010
 
 (in thousands)
 
 
 Other related-parties revenue
 $         4,958
 
 $         5,226
 
 $       6,846
 
 
 
 
 
 
 Other related-parties expenses
 $      14,275
 
 $         9,007
 
 $     12,419