Operating Segments

9 Months Ended

Sep. 30, 2016

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,
	2016			2015			2016			2015
Net revenue:
Radio	$	32,055		$	33,476		$	92,009			97,195
Television		3,580			2,905			10,499			9,428
Consolidated	$	35,635		$	36,381		$	102,508			106,623
Engineering and programming expenses:
Radio	$	5,853		$	5,551		$	17,997			17,113
Television		1,983			1,942			5,587			5,984
Consolidated	$	7,836		$	7,493		$	23,584			23,097
Selling, general and administrative expenses:
Radio	$	12,712		$	13,583		$	37,515			42,716
Television		1,499			1,732			5,129			4,202
Consolidated	$	14,211		$	15,315		$	42,644			46,918
Corporate expenses:	$	2,505		$	2,870		$	8,047			7,442
Depreciation and amortization:
Radio	$	457		$	432		$	1,420			1,363
Television		568			630			1,815			1,977
Corporate		108			90			313			282
Consolidated	$	1,133		$	1,152		$	3,548			3,622
(Gain) loss on the disposal of assets, net:
Radio	$	—		$	—		$	(3	)		(68	)
Television		—			1			—			2
Corporate		—			—			—			(11	)
Consolidated	$	—		$	1		$	(3	)		(77	)
Impairment charges and restructuring costs:
Radio	$	—		$	925		$	—			925
Television		—			—			—			—
Corporate		—			(190	)		(26	)		(327	)
Consolidated	$	—		$	735		$	(26	)		598
Operating income (loss):
Radio	$	13,033		$	12,985		$	35,080			35,146
Television		(470	)		(1,400	)		(2,032	)		(2,737	)
Corporate		(2,613	)		(2,770	)		(8,334	)		(7,386	)
Consolidated	$	9,950		$	8,815		$	24,714			25,023
Capital expenditures:
Radio	$	92		$	248		$	1,371			698
Television		204			295			513			477
Corporate		82			117			246			209
Consolidated	$	378		$	660		$	2,130			1,384

	September 30,		December 31,
	2016		2015
Total Assets:
Radio	$	392,603	$	392,926
Television		56,338		51,388
Corporate		2,773		2,895
Consolidated	$	451,714	$	447,209