Operating Segments

9 Months Ended

Sep. 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						Nine-Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Net revenue:
Radio	$	33,476			32,713		$	97,195			98,177
Television		2,905			3,565			9,428			11,767
Consolidated	$	36,381			36,278		$	106,623			109,944
Engineering and programming expenses:
Radio	$	5,551			5,508		$	17,113			15,938
Television		1,942			2,398			5,984			7,054
Consolidated	$	7,493			7,906		$	23,097			22,992
Selling, general and administrative expenses:
Radio	$	13,583			15,054		$	42,716			46,145
Television		1,732			1,881			4,202			6,248
Consolidated	$	15,315			16,935		$	46,918			52,393
Corporate expenses:	$	2,870			2,098		$	7,442			7,546
Depreciation and amortization:
Radio	$	432			487		$	1,363			1,468
Television		630			684			1,977			2,066
Corporate		90			101			282			272
Consolidated	$	1,152			1,272		$	3,622			3,806
(Gain) loss on the disposal of assets, net:
Radio	$	—			—		$	(68	)		(1,204	)
Television		1			—			2			—
Corporate		—			—			(11	)		—
Consolidated	$	1			—		$	(77	)		(1,204	)
Impairment charges and restructuring costs:
Radio	$	925			—		$	925			—
Television		—			—			—			—
Corporate		(190	)		(30	)		(327	)		(103	)
Consolidated	$	735			(30	)	$	598			(103	)
Operating income (loss):
Radio	$	12,985			11,664		$	35,146			35,830
Television		(1,400	)		(1,398	)		(2,737	)		(3,601	)
Corporate		(2,770	)		(2,169	)		(7,386	)		(7,715	)
Consolidated	$	8,815			8,097		$	25,023			24,514
Capital expenditures:
Radio	$	248			385		$	698			1,167
Television		295			131			477			356
Corporate		117			155			209			345
Consolidated	$	660			671		$	1,384			1,868

	September 30,		December 31,
	2015		2014
Total Assets:
Radio	$	397,296	$	389,394
Television		51,290		51,876
Corporate		8,349		10,543
Consolidated	$	456,935	$	451,813