Segment Information

9 Months Ended

Nov. 30, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations are aligned into two business segments: (i) Radio and (ii) Publishing. These business segments are consistent with the Company’s management of these businesses and its financial reporting structure. Corporate expenses are not allocated to reportable segments. The results of operations of various sold businesses have been classified as discontinued operations and have been excluded from the segment disclosures below. See Note 1 for more discussion of our discontinued operations. The Company’s segments operate exclusively in the United States.

The accounting policies as described in the summary of significant accounting policies included in the Company’s Annual Report filed on Form 10-K, for the year ended February 28, 2013, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended November 30, 2013	Radio			Publishing		Corporate			Consolidated
Net revenues	$	34,854		$	17,767	$	—		$	52,621
Station operating expenses excluding depreciation and amortization expense	23,517			15,031		—			38,548
Corporate expenses excluding depreciation and amortization expense	—			—		3,653			3,653
Hungary license litigation and related expenses	500			—		—			500
Depreciation and amortization	618			56		544			1,218
Gain on sale of fixed assets	(9		)	—		—			(9		)
Operating income (loss)	$	10,228		$	2,680	$	(4,197	)	$	8,711

Three Months Ended November 30, 2012	Radio		Publishing		Corporate			Consolidated
Net revenues	$	34,710	$	16,176	$	—		$	50,886
Station operating expenses excluding depreciation and amortization expense	23,064		14,335		—			37,399
Corporate expenses excluding depreciation and amortization expense	—		—		3,717			3,717
Hungary license litigation and related expenses	371		—		—			371
Depreciation and amortization	643		79		496			1,218
Loss on sale of fixed assets	—		23		—			23
Operating income (loss)	$	10,632	$	1,739	$	(4,213	)	$	8,158

Nine Months Ended November 30, 2013	Radio			Publishing		Corporate			Consolidated
Net revenues	$	113,039		$	45,135	$	—		$	158,174
Station operating expenses excluding depreciation and amortization expense	74,428			43,770		—			118,198
Corporate expenses excluding depreciation and amortization expense	—			—		13,123			13,123
Hungary license litigation and related expenses	1,795			—		—			1,795
Depreciation and amortization	1,816			179		1,612			3,607
Gain on sale of fixed assets	(10		)	—		—			(10		)
Operating income (loss)	$	35,010		$	1,186	$	(14,735	)	$	21,461

Nine Months Ended November 30, 2012	Radio			Publishing		Corporate			Consolidated
Net revenues	$	109,550		$	43,233	$	—		$	152,783
Station operating expenses excluding depreciation and amortization expense	75,372			42,377		—			117,749
Corporate expenses excluding depreciation and amortization expense	—			—		12,850			12,850
Hungary license litigation and related expenses	785			—		—			785
Impairment loss	10,971			—		—			10,971
Depreciation and amortization	1,819			247		1,446			3,512
(Gain) loss on sale of fixed assets	(10,003		)	20		—			(9,983		)
Operating income (loss)	$	30,606		$	589	$	(14,296	)	$	16,899

			As of February 28, 2013
	Radio		Publishing		Corporate		Consolidated
Assets — continuing operations	$	209,721	$	21,005	$	30,136	$	260,862
Assets — discontinued operations	630		132		—		762
Total assets	$	210,351	$	21,137	$	30,136	$	261,624
			As of November 30, 2013
	Radio		Publishing		Corporate		Consolidated
Assets — continuing operations	$	212,908	$	21,720	$	28,960	$	263,588
Assets — discontinued operations	—		—		—		—
Total assets	$	212,908	$	21,720	$	28,960	$	263,588