Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information

Segment Information

10.  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, integration and other 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):

	Three Months Ended March 31,
	2013							2012
	Television		Online		Consolidated			Television		Online		Consolidated
Revenues	$	57,908	$	34,069	$	91,977		$	61,831	$	31,018	$	92,849
Segment adjusted EBITDA before corporate overhead	29,933		4,283		34,216			34,192		1,336		35,528
Less corporate overhead					(5,802		)					(5,963		)
Adjusted EBITDA					28,414							29,565
Less:
Depreciation and amortization					(15,004		)					(13,229		)
Share-based compensation					(3,218		)					(4,471		)
Acquisition, integration and other					(2,662		)					(1,470		)
Income from operations					$	7,530						$	10,395