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Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Summary of Operating Segments

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

 

 

Three-Months Ended

 

 

March 31,

 

 

2020

 

 

2019

 

Net revenue:

 

 

 

 

 

 

 

Radio

$

32,533

 

 

$

34,079

 

Television

 

3,742

 

 

 

3,276

 

Consolidated

$

36,275

 

 

$

37,355

 

Engineering and programming expenses:

 

 

 

 

 

 

 

Radio

$

5,608

 

 

$

5,481

 

Television

 

2,066

 

 

 

1,550

 

Consolidated

$

7,674

 

 

$

7,031

 

Selling, general and administrative expenses:

 

 

 

 

 

 

 

Radio

$

16,668

 

 

$

17,666

 

Television

 

1,573

 

 

 

1,588

 

Consolidated

$

18,241

 

 

$

19,254

 

Corporate expenses:

$

2,824

 

 

$

2,751

 

Depreciation and amortization:

 

 

 

 

 

 

 

Radio

$

440

 

 

$

376

 

Television

 

349

 

 

 

444

 

Corporate

 

57

 

 

 

53

 

Consolidated

$

846

 

 

$

873

 

Gain on disposal of assets, net of disposal costs:

 

 

 

 

 

 

 

Radio

$

(8

)

 

$

(36

)

Television

 

(3,178

)

 

 

—

 

Corporate

 

—

 

 

 

—

 

Consolidated

$

(3,186

)

 

$

(36

)

Recapitalization costs:

 

 

 

 

 

 

 

Radio

$

—

 

 

$

—

 

Television

 

—

 

 

 

—

 

Corporate

 

1,684

 

 

 

1,930

 

Consolidated

$

1,684

 

 

$

1,930

 

Impairment charges:

 

 

 

 

 

 

 

Radio

$

14,103

 

 

$

—

 

Television

 

—

 

 

 

—

 

Corporate

 

—

 

 

 

—

 

Consolidated

$

14,103

 

 

$

—

 

Other operating income:

 

 

 

 

 

 

 

Radio

$

—

 

 

$

(17

)

Television

 

—

 

 

 

—

 

Corporate

 

—

 

 

 

—

 

Consolidated

$

—

 

 

$

(17

)

Operating (loss) income:

 

 

 

 

 

 

 

Radio

$

(4,278

)

 

$

10,609

 

Television

 

2,932

 

 

 

(306

)

Corporate

 

(4,565

)

 

 

(4,734

)

Consolidated

$

(5,911

)

 

$

5,569

 

 

 

 

Three-Months Ended

 

 

March 31,

 

 

2020

 

 

2019

 

Capital expenditures:

 

 

 

 

 

 

 

Radio

$

563

 

 

$

610

 

Television

 

173

 

 

 

405

 

Corporate

 

133

 

 

 

158

 

Consolidated

$

869

 

 

$

1,173

 

 

 

 

March 31,

 

 

December 31,

 

 

2020

 

 

2019

 

Total Assets:

 

 

 

 

 

 

 

Radio

$

405,220

 

 

$

407,633

 

Television

 

45,026

 

 

 

58,465

 

Corporate

 

3,115

 

 

 

2,946

 

Consolidated

$

453,361

 

 

$

469,044