SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Detailed segment data for the years ended December 31, 2019 and 2018 is presented in the following table:


	For the Years Ended December 31,
	2019		2018
	(In thousands)
Net Revenue:
Radio Broadcasting	$	177,478	$	182,765
Reach Media		44,691		42,984
Digital		31,922		31,577
Cable Television		185,027		184,298
Corporate/Eliminations*		(2,189)		(2,526)
Consolidated	$	436,929	$	439,098

Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	119,878	$	117,427
Reach Media		38,150		36,064
Digital		31,775		37,617
Cable Television		103,195		99,104
Corporate/Eliminations		29,250		20,801
Consolidated	$	322,248	$	311,013

Depreciation and Amortization:
Radio Broadcasting	$	3,248	$	3,484
Reach Media		235		250
Digital		1,877		1,907
Cable Television		10,376		26,259
Corporate/Eliminations		1,249		1,289
Consolidated	$	16,985	$	33,189

Impairment of Long-Lived Assets:
Radio Broadcasting	$	4,800	$	21,256
Reach Media		—		—
Digital		5,800		—
Cable Television		—		—
Corporate/Eliminations		—		—
Consolidated	$	10,600	$	21,256

Operating income (loss):
Radio Broadcasting	$	49,552	$	40,598
Reach Media		6,306		6,670
Digital		(7,530)		(7,947)
Cable Television		71,456		58,935
Corporate/Eliminations		(32,688)		(24,616)
Consolidated	$	87,096	$	73,640

* Intercompany revenue included in net revenue above is as follows:


Radio Broadcasting	$	(2,189)	$	(2,526)

Capital expenditures by segment are as follows:
Radio Broadcasting	$	2,778	$	3,876
Reach Media		179		114
Digital		1,390		1,197
Cable Television		207		570
Corporate/Eliminations		591		1,429
Consolidated	$	5,145	$	7,186