SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Detailed segment data for the three and six months ended June 30, 2024 and 2023, is presented in the following tables:


	Three Months Ended June 30,
	2024		2023
	(In thousands)
Net revenues:
Radio Broadcasting	$	41,999	$	39,196
Reach Media	18,929		20,052
Digital	15,887		18,908
Cable Television	41,497		52,430
All other - corporate/eliminations*	(568)		(934)
Consolidated	$	117,744	$	129,652

Operating expenses (excluding depreciation and amortization and impairment of goodwill, intangible assets, and long-lived assets):
Radio Broadcasting	$	31,298	$	29,424
Reach Media	15,274		15,624
Digital	13,005		12,818
Cable Television	27,303		28,601
All other - corporate/eliminations	7,534		9,563
Consolidated	$	94,414	$	96,030

Depreciation and amortization:
Radio Broadcasting	$	2,079	$	888
Reach Media	40		40
Digital	397		364
Cable Television	176		251
All other - corporate/eliminations	301		343
Consolidated	$	2,993	$	1,886

Impairment of goodwill, intangible assets, and long-lived assets:
Radio Broadcasting	$	80,758	$	22,081
Reach Media	—		—
Digital	—		—
Cable Television	—		—
All other - corporate/eliminations	—		—
Consolidated	$	80,758	$	22,081

Operating (loss) income:
Radio Broadcasting	$	(72,136)	$	(13,197)
Reach Media	3,615		4,388
Digital	2,485		5,726
Cable Television	14,018		23,578
All other - corporate/eliminations	(8,403)		(10,840)
Consolidated	$	(60,421)	$	9,655

*Intercompany revenue included in net revenues above is as follows:
Radio Broadcasting	$	(659)	$	(934)


	Three Months Ended June 30,
	2024		2023
	(In thousands)
Capital expenditures:
Radio Broadcasting	$	1,753	$	1,372
Reach Media	19		17
Digital	431		365
Cable Television	—		—
All other - corporate/eliminations	21		354
Consolidated	$	2,224	$	2,108


	Six Months Ended June 30,
	2024		2023

	(In thousands)
Net revenues:
Radio Broadcasting	$	78,350	$	74,376
Reach Media	27,401		30,968
Digital	29,854		33,979
Cable Television	87,723		102,108
All other - corporate/eliminations*	(1,174)		(1,910)
Consolidated	$	222,154	$	239,521

Operating expenses (excluding depreciation and amortization and impairment of goodwill, intangible assets, and long-lived assets):
Radio Broadcasting	$	61,144	$	55,872
Reach Media	21,957		23,361
Digital	24,010		24,168
Cable Television	56,489		57,984
All other - corporate/eliminations	20,486		17,021
Consolidated	$	184,086	$	178,406

Depreciation and amortization:
Radio Broadcasting	$	2,962	$	1,805
Reach Media	82		79
Digital	814		701
Cable Television	301		1,216
All other - corporate/eliminations	684		682
Consolidated	$	4,843	$	4,483

Impairment of goodwill, intangible assets, and long-lived assets:
Radio Broadcasting	$	80,758	$	38,856
Reach Media	—		—
Digital	—		—
Cable Television	—		—
All other - corporate/eliminations	—		—
Consolidated	$	80,758	$	38,856

Operating (loss) income:
Radio Broadcasting	$	(66,514)	$	(22,157)
Reach Media	5,362		7,528
Digital	5,030		9,110
Cable Television	30,933		42,908
All other - corporate/eliminations	(22,344)		(19,613)
Consolidated	$	(47,533)	$	17,776

*Intercompany revenue included in net revenues above is as follows:
Radio Broadcasting	$	(1,454)	$	(1,910)


	Six Months Ended June 30,
	2024		2023

	(In thousands)
Capital expenditures:
Radio Broadcasting	$	2,837	$	2,387
Reach Media	29		51
Digital	878		965
Cable Television	69		11
All other - corporate/eliminations	226		704
Consolidated	$	4,039	$	4,118


	June 30, 2024		December 31, 2023

	(In thousands)
Total assets:
Radio Broadcasting	$	420,197	$	503,259
Reach Media	42,503		50,722
Digital	22,291		31,185
Cable Television	407,228		398,660
All other - corporate/eliminations	127,406		227,347
Consolidated	$	1,019,625	$	1,211,173