SEGMENT DATA:

12 Months Ended

Dec. 31, 2011

SEGMENT DATA:

SEGMENT DATA:

12.SEGMENT DATA:

We measure segment performance based on operating income (loss).  Our broadcast segment includes stations in 45 markets, of which seven markets are operated pursuant to LMAs, located predominately in the eastern, mid-western and southern United States.  Our other operating divisions segment primarily earned revenues from sign design and fabrication; regional security alarm operating and bulk acquisitions and real estate ventures.  In 2009, our other operating divisions segment also earned revenues from information technology staffing, consulting and software development and transmitter manufacturing.  These businesses were divested in 2009.  All of our other operating divisions are located within the United States.  Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location.  Corporate is not a reportable segment.  We had approximately $170.0 million and $167.3 million of intercompany loans between the broadcast segment, operating divisions segment and corporate as of December 31, 2011 and 2010, respectively.  We had $19.7 million, $19.3 million and $22.9 million in intercompany interest expense related to intercompany loans between the broadcast segment, other operating divisions segment and corporate for the years ended December 31, 2011, 2010 and 2009, respectively.  Intercompany loans and interest expense are excluded from the tables below.  All other intercompany transactions are immaterial.

Financial information for our operating segments is included in the following tables for the years ended December 31, 2011, 2010 and 2009 (in thousands):

For the year ended December 31, 2011	Broadcast		Other Operating Divisions			Corporate			Consolidated
Revenue	$	720,775	$	44,513		$	—		$	765,288
Depreciation of property and equipment	29,929		1,323			1,622			32,874
Amortization of definite-lived intangible assets	14,643		3,586			—			18,229
Amortization of program contract costs and net realizable value adjustments	52,079		—			—			52,079
Impairment of goodwill, intangible and other assets	398		—			—			398
General and administrative overhead expenses	24,760		1,158			2,392			28,310
Operating income (loss)	230,679		(1,041		)	(4,018		)	225,620
Interest expense	—		2,528			103,600			106,128
Income from equity and cost method investments	—		3,269			—			3,269
Goodwill	656,629		3,488			—			660,117
Assets	1,303,604		256,408			11,405			1,571,417
Capital expenditures	34,453		1,382			—			35,835

For the year ended December 31, 2010	Broadcast		Other Operating Divisions			Corporate			Consolidated
Revenue	$	731,046	$	36,598		$	—		$	767,644
Depreciation of property and equipment	33,260		1,291			1,756			36,307
Amortization of definite-lived intangible assets	15,974		2,860			—			18,834
Amortization of program contract costs and net realizable value adjustments	60,862		—			—			60,862
Impairment of goodwill, intangible and other assets	4,803		—			—			4,803
General and administrative overhead expenses	23,685		918			2,197			26,800
Operating income (loss)	244,297		478			(3,960		)	240,815
Interest expense	—		1,943			114,103			116,046
Loss from equity and cost method investments	—		(4,861		)	—			(4,861		)
Goodwill	656,629		3,388			—			660,017
Assets	1,232,332		242,033			11,559			1,485,924
Capital expenditures	9,859		1,835			—			11,694

For the year ended December 31, 2009	Broadcast			Other Operating Divisions			Corporate			Consolidated
Revenue	$	613,271		$	43,719		$	—		$	656,990
Depreciation of property and equipment	39,982			1,035			1,875			42,892
Amortization of definite-lived intangible assets	20,228			2,127			—			22,355
Amortization of program contract costs and net realizable value adjustments	73,087			—			—			73,087
Impairment of goodwill, intangible and other assets	249,556			—			243			249,799
General and administrative overhead expenses	8,607			1,039			15,986			25,632
Operating loss	(86,372		)	(5,969		)	(18,376		)	(110,717		)
Interest expense	—			1,472			78,549			80,021
Income from equity and cost method investments	—			354			—			354