Segment Information

6 Months Ended

Aug. 31, 2011

Segment Information [Abstract]

Segment Information

Note 8. 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 our Hungary radio operations and the operations related to our Flint Peak Tower Site, both of which had previously been included in the radio segment, 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 primarily in the United States, but we also operate radio stations located in Slovakia and Bulgaria. The following table summarizes the net revenues and long-lived assets of our international properties included in our condensed consolidated financial statements.

	Net Revenues				Net Revenues				Long-lived Assets
	Three Months Ended August 31,				Six Months Ended August 31,				As of February 28,		As of August 31,
	2010		2011		2010		2011		2011		2011
Continuing Operations:
Slovakia	$	3,167	$	3,246	$	6,226	$	5,918	$	7,521	$	7,535
Bulgaria		407		363		720		618		778		705
Discontinued Operations (see Note 1):
Hungary	$	13	$	—	$	20	$	7	$	20	$	21

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, 2011, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended
August 31, 2011	Radio		Publishing		Corporate			Consolidated
Net revenues	$	50,028	$	14,593	$	—		$	64,621
Station operating expenses, excluding depreciation and amortization		37,779		14,370		—			52,149
Corporate expenses, excluding depreciation and amortization		—		—		2,969			2,969
Depreciation and amortization		1,710		118		282			2,110
Loss on sale of assets		793		24		—			817
Operating income (loss)	$	9,746	$	81	$	(3,251	)	$	6,576

Three Months Ended
August 31, 2010	Radio		Publishing		Corporate			Consolidated
Net revenues	$	51,572		15,137	$	—		$	66,709
Station operating expenses, excluding depreciation and amortization		37,041		14,326		—			51,367
Corporate expenses, excluding depreciation and amortization		—		—		4,697			4,697
Depreciation and amortization		1,892		128		346			2,366
Operating income (loss)	$	12,639		683	$	(5,043	)	$	8,279

Six Months Ended
August 31, 2011	Radio		Publishing			Corporate			Consolidated
Net revenues	$	95,398	$	30,369		$	—		$	125,767
Station operating expenses, excluding depreciation and amortization		70,767		30,716			—			101,483
Corporate expenses, excluding depreciation and amortization		—		—			10,304			10,304
Depreciation and amortization		3,445		230			546			4,221
Loss on sale of assets		790		24			—			814
Operating income (loss)	$	20,396	$	(601	)	$	(10,850	)	$	8,945

Six Months Ended
August 31, 2010	Radio		Publishing		Corporate			Consolidated
Net revenues	$	95,805	$	31,113	$	—		$	126,918
Station operating expenses, excluding depreciation and amortization		70,051		30,193		—			100,244
Corporate expenses, excluding depreciation and amortization		—		—		9,875			9,875
Depreciation and amortization		3,810		260		700			4,770
Operating income (loss)	$	21,944	$	660	$	(10,575	)	$	12,029

	As of February 28, 2011
	Radio		Publishing		Corporate		Consolidated
Assets – continuing operations	$	404,302	$	38,299	$	26,868	$	469,469
Assets – discontinued operations		3,008		—		—		3,008
Total assets	$	407,310	$	38,299	$	26,868	$	472,477

	As of August 31, 2011
	Radio		Publishing		Corporate		Consolidated
Assets – continuing operations	$	405,686	$	36,337	$	27,279	$	469,302
Assets – discontinued operations		1,893		—		—		1,893
Total assets	$	407,579	$	36,337	$	27,279	$	471,195