Segment Information

12 Months Ended

Dec. 31, 2012

Segment Information

Segment Information

15. Segment Information

        Our two reportable segments consist of television and online. The television segment revenues are principally derived from delivering advertisements, syndicated programs, and video news releases from advertising agencies and other content providers to traditional broadcasters and other media outlets. The online segment revenues are principally derived from online advertising and related services. We use Segment Adjusted EBITDA before corporate overhead as our measure of segment profit. Segment Adjusted EBITDA before corporate overhead reflects income from operations before corporate overhead, acquisition and integration expenses, share-based compensation expense, depreciation and amortization, and goodwill impairment charges. We do not disclose assets by reportable segment since some of our assets are commingled. Our reportable segments are as follows (in thousands):

	2012
	Television		Online		Consolidated
Revenues	$	245,961	$	140,652	$	386,613
Segment Adjusted EBITDA before corporate overhead		129,645		22,642		152,287
Less corporate overhead						(26,588	)
Adjusted EBITDA						125,699
Less:
Acquisition and integration						(8,513	)
Share-based compensation						(17,470	)
Depreciation and amortization						(57,300	)
Goodwill impairment						(219,593	)
Loss from operations					$	(177,177	)

	2011
	Television		Online		Consolidated
Revenues	$	246,780	$	77,477	$	324,257
Segment Adjusted EBITDA before corporate overhead		138,299		15,043		153,342
Less corporate overhead						(18,748	)
Adjusted EBITDA						134,594
Less:
Acquisition and integration						(15,119	)
Share-based compensation						(12,430	)
Depreciation and amortization						(38,736	)
Income from operations					$	68,309

	2010
	Television		Online		Consolidated
Revenues	$	222,894	$	18,434	$	241,328
Segment Adjusted EBITDA before corporate overhead		133,398		1,338		134,736
Less corporate overhead						(18,588	)
Adjusted EBITDA						116,148
Less:
Acquisition and integration						(269	)
Share-based compensation						(4,805	)
Depreciation and amortization						(29,236	)
Income from operations					$	81,838