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Segment Information
12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information
13. Segment Information

We evaluate the operating performance of our markets individually. For purposes of business segment reporting, we have aligned operations with similar characteristics into two business segments: Radio and Television.

The Radio segment includes twenty-three markets, which includes all ninety-one of our radio stations and five radio information networks. The Television segment includes three markets and consists of five television stations and four low power television (“LPTV”) stations. The Radio and Television segments derive their revenue from the sale of commercial broadcast inventory. The category “Corporate general and administrative” represents the income and expense not allocated to reportable segments.

 

                                 
    Radio     Television     Corporate
and Other
    Consolidated  
    (In thousands)  

Year ended December 31, 2011:

                               

Net operating revenue

  $ 108,938     $ 18,357     $     $ 127,295  

Station operating expense

    79,130       14,232             93,362  

Corporate general and administrative

                7,590       7,590  
   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income (loss)

  $ 29,808     $ 4,125     $ (7,590   $ 26,343  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and amortization

  $ 5,518     $ 1,736     $ 232     $ 7,486  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at December 31, 2011

  $ 148,973     $ 26,819     $ 14,542     $ 190,334  
   

 

 

   

 

 

   

 

 

   

 

 

 

Capital additions

  $ 3,990     $ 1,435     $ 152     $ 5,577  
   

 

 

   

 

 

   

 

 

   

 

 

 

Broadcast licenses, net

  $ 80,768     $ 9,816     $     $ 90,584  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    Radio     Television     Corporate
and Other
    Consolidated  
    (In thousands)  

Year ended December 31, 2010:

                               

Net operating revenue

  $ 109,891     $ 17,926     $     $ 127,817  

Station operating expense

    79,012       13,742             92,754  

Corporate general and administrative

                7,274       7,274  
   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income (loss)

  $ 30,879     $ 4,184     $ (7,274   $ 27,789  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and amortization

  $ 5,772     $ 1,722     $ 224     $ 7,718  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at December 31, 2010

  $ 150,692     $ 27,564     $ 21,547     $ 199,803  
   

 

 

   

 

 

   

 

 

   

 

 

 

Capital additions

  $ 3,295     $ 995     $ 58     $ 4,348  
   

 

 

   

 

 

   

 

 

   

 

 

 

Broadcast licenses, net

  $ 80,768     $ 9,816     $     $ 90,584  
   

 

 

   

 

 

   

 

 

   

 

 

 
    Radio     Television     Corporate
and Other
    Consolidated  
    (In thousands)  

Year ended December 31, 2009:

                               

Net operating revenue

  $ 104,601     $ 16,197     $     $ 120,798  

Station operating expense

    80,382       14,265             94,647  

Corporate general and administrative

                7,944       7,944  

Gain on asset exchange

          (495           (495

Impairment of intangible assets

    16,206       1,080             17,286  
   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income (loss)

  $ 8,013     $ 1,347     $ (7,944   $ 1,416  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and amortization

  $ 6,166     $ 2,242     $ 221     $ 8,629  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at December 31, 2009

  $ 153,718     $ 27,963     $ 20,670     $ 202,351  
   

 

 

   

 

 

   

 

 

   

 

 

 

Capital additions

  $ 3,226     $ 742     $ 73     $ 4,041  
   

 

 

   

 

 

   

 

 

   

 

 

 

Broadcast licenses, net

  $ 80,736     $ 9,816     $     $ 90,552