Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

12. Segment Information

The Company reports financial data for two segments: television and radio. The television segment includes the operations of the Company's 20 owned and/or operated television stations (including a 50%-owned television station) and the Company's developing media business. The radio segment includes the operations of the Company's three radio stations and one managed radio station. Prior to 2012, the Company also included Fisher Plaza as a reportable segment which included the operations of a communications center located near downtown Seattle that serves as home of the Company's Seattle television operations, radio operations, the corporate offices and third-party tenants. In December 2011, the Company completed the sale of Fisher Plaza to Hines for $160.0 million in cash. The Company's corporate headquarters and Seattle television, radio and developing media operations continue to be located at Fisher Plaza.

The Company discloses information about its reportable segments based on measures it uses in assessing the performance of its reportable segments. The Company uses "segment income (loss) from continuing operations" to measure the operating performance of its segments which represents income (loss) from continuing operations before depreciation and amortization, gain on sale of real estate, net and Plaza fire reimbursements, net. Additionally, the performance metric for segment income (loss) from continuing operations excludes the allocation of corporate costs and Fisher Plaza rent expense. Prior period financial information has been restated to conform to current period presentation.

Operating results and other financial data for each segment are as follows:

	Three months ended March 31,
(dollars in thousands)	2012			2011
Revenue
Television	$	29,159		$	29,101
Radio		4,733			4,859
Fisher Plaza		—			3,697
Total segment revenue		33,892			37,657
Intercompany and other		40			(105	)
	$	33,932		$	37,552
Segment income from continuing operations
Television	$	5,079		$	4,655
Radio		798			172
Fisher Plaza		—			2,201
Total segment income from continuing operations		5,877			7,028
Corporate, Fisher Plaza rent and other		(5,612	)		(4,870	)
	$	265		$	2,158
Depreciation and amortization
Television	$	1,487		$	1,164
Radio		29			23
Fisher Plaza		—			1,203
Total segment depreciation and amortization		1,516			2,390
Corporate and other		241			268
	$	1,757		$	2,658
	March 31, 2012			December 31, 2011
Total assets
Television	$	114,509		$	122,357
Radio		12,982			13,435
Fisher Plaza		—			377
Total segment assets		127,491			136,169
Corporate and other		123,584			208,948
	$	251,075		$	345,117

Fisher Plaza rent expense of $1.3 million is included in the Corporate, Fisher Plaza rent and other segment income from continuing operations for the three months ended March 31, 2012.

Intercompany and other non-segment revenue relates to sales between our television and radio stations and miscellaneous amounts not attributable to the operations of television or radio segments.

No geographic areas outside the United States were significant relative to consolidated revenue, segment income from continuing operations or total assets.

A reconciliation of segment income from continuing operations to loss from continuing operations is as follows (dollars in thousands):

	Three months ended March 31,
	2012			2011
Segment income from continuing operations	$	265		$	2,158
Adjustments:
Gain on sale of real estate, net		373			—
Plaza fire reimbursements, net		—			78
Depreciation and amortization		(1,757	)		(2,658	)
Loss from continuing operations	$	(1,119	)	$	(422	)