Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information [Abstract]

Segment Information

11. 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 operated television stations (including a 50%-owned station) and internet business. The radio reportable segment includes the operations of the Company’s three Seattle radio stations and one managed radio station. The Company’s corporate headquarters and Seattle-based 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 from operations” to measure the operating performance of its segments which represents income/(loss) from operations before depreciation and amortization, loss (gain) on sale of real estate, net and Plaza fire reimbursements, net. Additionally, the performance metric for segment income from operations excludes the allocation of corporate costs and Fisher Plaza rent expense. The non-segment expenses include corporate and administrative expenses that have not been allocated to the operations of the television or radio segments.

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

	Three months ended March 31,
(dollars in thousands)	2013			2012
Revenue
Television	$	32,560		$	29,159
Radio		4,320			4,733
Total segment revenue		36,880			33,892
Intercompany and other		(89	)		40
	$	36,791		$	33,932
Segment income from operations
Television	$	6,681		$	5,079
Radio		613			798
Total segment income from operations		7,294			5,877
Corporate and other		(5,496	)		(4,341	)
Fisher Plaza rent		(1,268	)		(1,271	)
	$	530		$	265
Depreciation and amortization
Television	$	1,517		$	1,487
Radio		43			29
Total segment depreciation and amortization		1,560			1,516
Corporate and other		234			241
	$	1,794		$	1,757
	March 31, 2013			December 31, 2012
Total assets
Television	$	112,613		$	113,998
Radio		14,771			15,016
Total segment assets		127,384			129,014
Corporate and other		47,487			52,010
	$	174,871		$	181,024

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 of significance relative to consolidated revenue, segment income from continuing operations or total assets.

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

	Three months ended March 31,
	2013			2012
Segment income from operations	$	530		$	265
Adjustments:
Gain on sale of real estate, net		—			373
Depreciation and amortization		(1,794	)		(1,757	)
Loss from operations	$	(1,264	)	$	(1,119	)