Operating Segments

6 Months Ended

Jun. 30, 2018

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,
	2018			2017			2018			2017
Net revenue:
Radio	$	31,279		$	31,279		$	60,530		$	59,503
Television		3,501			2,902			8,156			6,028
Consolidated	$	34,780		$	34,181		$	68,686		$	65,531
Engineering and programming expenses:
Radio	$	5,365		$	5,672		$	10,830		$	11,871
Television		1,164			1,146			2,430			3,564
Consolidated	$	6,529		$	6,818		$	13,260		$	15,435
Selling, general and administrative expenses:
Radio	$	11,997		$	14,932		$	24,154		$	28,068
Television		1,252			1,631			3,983			2,982
Consolidated	$	13,249		$	16,563		$	28,137		$	31,050
Corporate expenses:	$	3,440		$	2,793		$	6,403		$	5,237
Depreciation and amortization:
Radio	$	409		$	460		$	836		$	936
Television		504			559			1,041			1,118
Corporate		58			92			119			189
Consolidated	$	971		$	1,111		$	1,996		$	2,243
Gain on the disposal of assets, net of disposal costs:
Radio	$	—		$	(12,826	)	$	—		$	(12,826	)
Television		—			—			—			(1	)
Corporate		—			—			—			—
Consolidated	$	—		$	(12,826	)	$	—		$	(12,827	)
Recapitalization costs:
Radio	$	—		$	—		$	—		$	—
Television		—			—			—			—
Corporate		1,045			3,263			1,756			4,089
Consolidated	$	1,045		$	3,263		$	1,756		$	4,089
Impairment charges:
Radio	$	—		$	—		$	—		$	—
Television		483			—			483			—
Corporate		—			—			—			—
Consolidated	$	483		$	—		$	483		$	—
Other operating income:
Radio	$	(12	)	$	—		$	(12	)	$	—
Television		(38	)		—			(38	)		—
Corporate		—			—			(1	)		—
Consolidated	$	(50	)	$	—		$	(51	)	$	—
Operating income (loss):
Radio	$	13,520		$	23,041		$	24,722		$	31,454
Television		136			(434	)		257			(1,635	)
Corporate		(4,543	)		(6,148	)		(8,277	)		(9,515	)
Consolidated	$	9,113		$	16,459		$	16,702		$	20,304