SEGMENT INFORMATION

12 Months Ended

Feb. 28, 2014

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. Our radio operations in New York and Los Angeles, including the LMA fee we receive from a subsidiary of Disney, accounted for approximately 50% of our radio revenues for the year ended February 28, 2014. The Company’s segments operate exclusively in the United States.

The accounting policies as described in the summary of significant accounting policies included in Note 1 to these consolidated financial statements, are applied consistently across segments.

Year Ended February 28, 2014	Radio			Publishing		Corporate			Consolidated
Net revenues	$	145,399		$	59,747	$	—		$	205,146
Station operating expenses excluding depreciation and amortization expense	99,924			59,085		—			159,009
Corporate expenses excluding depreciation and amortization expense	—			—		17,024			17,024
Hungary license litigation and related expenses	2,058			—		—			2,058
Depreciation and amortization	2,476			235		2,155			4,866
Gain on sale of fixed assets	(10		)	2		—			(8		)
Operating income (loss)	$	40,951		$	425	$	(19,179	)	$	22,197

Year Ended February 28, 2013	Radio			Publishing			Corporate			Consolidated
Net revenues	$	138,630		$	57,454		$	—		$	196,084
Station operating expenses excluding depreciation and amortization expense	95,830			58,241			—			154,071
Corporate expenses excluding depreciation and amortization expense	—			—			17,819			17,819
Hungary license litigation and related expenses	1,381			—			—			1,381
Impairment loss	10,971			448			—			11,419
Depreciation and amortization	2,451			318			1,953			4,722
Loss on sale of fixed assets	(9,897		)	20			—			(9,877		)
Operating income (loss)	$	37,894		$	(1,573	)	$	(19,772	)	$	16,549

Year Ended February 29, 2012	Radio		Publishing		Corporate			Consolidated
Net revenues	$	144,826	$	57,392	$	—		$	202,218
Station operating expenses excluding depreciation and amortization expense	110,772		56,522		—			167,294
Corporate expenses excluding depreciation and amortization expense	—		—		19,096			19,096
Hungary license litigation and related expenses	871		—		—			871
Depreciation and amortization	2,970		365		1,390			4,725
Gain on sale of fixed assets	797		1		—			798
Operating income (loss)	$	29,416	$	504	$	(20,486	)	$	9,434

			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 February 28, 2014
	Radio		Publishing		Corporate		Consolidated
Total assets	$	211,281	$	21,809	$	32,258	$	265,348