Operating Segments (Tables)

6 Months Ended

Jun. 30, 2014

Operating Segments

The following summary table presents separate financial data for each of our operating segments (in thousands):  

	Three-Months Ended						Six-Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net revenue:
Radio	$	36,019			32,247		$	65,464			65,206
Television		4,868			3,820			8,202			9,964
Consolidated	$	40,887			36,067		$	73,666			75,170
Engineering and programming expenses:
Radio	$	5,357			4,605		$	10,430			9,709
Television		2,217			1,639			4,656			4,038
Consolidated	$	7,574			6,244		$	15,086			13,747
Selling, general and administrative expenses:
Radio	$	17,004			12,453		$	31,091			28,039
Television		2,700			2,051			4,367			5,975
Consolidated	$	19,704			14,504		$	35,458			34,014
Corporate expenses:	$	3,744			2,612		$	5,448			5,042
Depreciation and amortization:
Radio	$	480			481		$	981			992
Television		691			761			1,382			1,535
Corporate		88			74			171			147
Consolidated	$	1,259			1,316		$	2,534			2,674
(Gain) loss on the disposal of assets, net:
Radio	$	(1,250	)		(9	)	$	(1,204	)		(9	)
Television		—			—			—			—
Corporate		—			—			—			(13	)
Consolidated	$	(1,250	)		(9	)	$	(1,204	)		(22	)
Impairment charges and restructuring costs:
Radio	$	—			86		$	—			86
Television		—			—			—			1,000
Corporate		(73	)		(61	)		(73	)		(61	)
Consolidated	$	(73	)		25		$	(73	)		1,025
Operating income (loss):
Radio	$	14,428			14,631		$	24,166			26,389
Television		(740	)		(631	)		(2,203	)		(2,584	)
Corporate		(3,759	)		(2,625	)		(5,546	)		(5,115	)
Consolidated	$	9,929			11,375		$	16,417			18,690
Capital expenditures:
Radio	$	382			537		$	782			610
Television		111			155			225			271
Corporate		93			83			190			111
Consolidated	$	586			775		$	1,197			992

	June 30,		December 31,
	2014		2013
Total Assets:
Radio	$	390,801	$	391,134
Television		54,330		56,909
Corporate		12,044		13,705
Consolidated	$	457,175	$	461,748