Operating Segments

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Operating Segments

4. Operating Segments

We have two reportable segments: radio and television.

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,
	2015			2014			2015			2014
Net revenue:
Radio	$	34,492			36,019		$	63,719			65,464
Television		3,608			4,868			6,523			8,202
Consolidated	$	38,100			40,887		$	70,242			73,666
Engineering and programming expenses:
Radio	$	6,163			5,357		$	11,562			10,430
Television		1,777			2,217			4,042			4,656
Consolidated	$	7,940			7,574		$	15,604			15,086
Selling, general and administrative expenses:
Radio	$	15,485			17,004		$	29,133			31,091
Television		856			2,700			2,470			4,367
Consolidated	$	16,341			19,704		$	31,603			35,458
Corporate expenses:	$	2,424			3,744		$	4,572			5,448
Depreciation and amortization:
Radio	$	424			480		$	931			981
Television		663			691			1,347			1,382
Corporate		96			88			192			171
Consolidated	$	1,183			1,259		$	2,470			2,534
(Gain) loss on the disposal of assets, net:
Radio	$	(62	)		(1,250	)	$	(68	)		(1,204	)
Television		1			—			1			—
Corporate		(11	)		—			(11	)		—
Consolidated	$	(72	)		(1,250	)	$	(78	)		(1,204	)
Impairment charges and restructuring costs:
Radio	$	—			—		$	—			—
Television		—			—			—			—
Corporate		(137	)		(73	)		(137	)		(73	)
Consolidated	$	(137	)		(73	)	$	(137	)		(73	)
Operating income (loss):
Radio	$	12,482			14,428		$	22,161			24,166
Television		311			(740	)		(1,337	)		(2,203	)
Corporate		(2,372	)		(3,759	)		(4,616	)		(5,546	)
Consolidated	$	10,421			9,929		$	16,208			16,417
Capital expenditures:
Radio	$	277			382		$	450			782
Television		98			111			182			225
Corporate		64			93			92			190
Consolidated	$	439			586		$	724			1,197

	June 30,		December 31,
	2015		2014
Total Assets:
Radio	$	386,997	$	389,394
Television		52,316		51,876
Corporate		8,723		10,543
Consolidated	$	448,036	$	451,813