SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

SEGMENT INFORMATION

Schedule of segment reporting information

	Three Months Ended
	June 30,
	2022		2021
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	37,192	$	35,465
Reach Media		11,092		9,414
Digital		17,881		15,129
Cable Television		53,449		48,461
Corporate/Eliminations*		(804)		(876)
Consolidated	$	118,810	$	107,593
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	25,538	$	22,369
Reach Media		6,279		6,002
Digital		10,218		8,800
Cable Television		25,551		23,550
Corporate/Eliminations		7,975		6,627
Consolidated	$	75,561	$	67,348
Depreciation and Amortization:
Radio Broadcasting	$	825	$	792
Reach Media		46		53
Digital		332		315
Cable Television		952		937
Corporate/Eliminations		326		228
Consolidated	$	2,481	$	2,325
Impairment of Long-Lived Assets:
Radio Broadcasting	$	16,933	$	—
Reach Media		—		—
Digital		—		—
Cable Television		—		—
Corporate/Eliminations		—		—
Consolidated	$	16,933	$	—
Operating income (loss):
Radio Broadcasting	$	(6,104)	$	12,304
Reach Media		4,767		3,359
Digital		7,331		6,014
Cable Television		26,946		23,974
Corporate/Eliminations		(9,105)		(7,731)
Consolidated	$	23,835	$	37,920
*  Intercompany revenue included in net revenue above is as follows:
Radio Broadcasting	$	(804)	$	(876)

Capital expenditures by segment are as follows:
Radio Broadcasting	$	616	$	966
Reach Media		153		31
Digital		410		246
Cable Television		233		144
Corporate/Eliminations		883		263
Consolidated	$	2,295	$	1,650

	Six Months Ended
	June 30,
	2022		2021
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	68,684	$	63,253
Reach Media		21,123		17,230
Digital		33,367		25,484
Cable Television		109,883		94,703
Corporate/Eliminations*		(1,898)		(1,637)
Consolidated	$	231,159	$	199,033
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	49,156	$	45,698
Reach Media		12,475		11,176
Digital		21,082		16,853
Cable Television		51,698		45,071
Corporate/Eliminations		14,556		13,969
Consolidated	$	148,967	$	132,767
Depreciation and Amortization:
Radio Broadcasting	$	1,640	$	1,522
Reach Media		93		111
Digital		665		638
Cable Television		1,899		1,866
Corporate/Eliminations		589		452
Consolidated	$	4,886	$	4,589
Impairment of Long-Lived Assets:
Radio Broadcasting	$	16,933	$	—
Reach Media		—		—
Digital		—		—
Cable Television		—		—
Corporate/Eliminations		—		—
Consolidated	$	16,933	$	—
Operating income (loss):
Radio Broadcasting	$	955	$	16,033
Reach Media		8,555		5,943
Digital		11,620		7,993
Cable Television		56,286		47,766
Corporate/Eliminations		(17,043)		(16,058)
Consolidated	$	60,373	$	61,677
*  Intercompany revenue included in net revenue above is as follows:
Radio Broadcasting	$	(1,898)	$	(1,637)

Capital expenditures by segment are as follows:
Radio Broadcasting	$	1,256	$	1,227
Reach Media		174		32
Digital		635		572
Cable Television		616		182
Corporate/Eliminations		1,190		441
Consolidated	$	3,871	$	2,454

	As of
	June 30,		December 31,
	2022		2021
	(Unaudited)
	(In thousands)
Total Assets:
Radio Broadcasting	$	604,868	$	627,948
Reach Media		32,913		33,451
Digital		30,292		32,915
Cable Television		397,214		367,896
Corporate/Eliminations		189,477		198,898
Consolidated	$	1,254,764	$	1,261,108