Segment Information

6 Months Ended

Jun. 30, 2013

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 23 owned and operated television and radio 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 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 from operations before depreciation and amortization and loss (gain) on sale of real estate, 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 June 30,						Six months ended June 30,
(dollars in thousands)	2013			2012			2013			2012
Revenue
Television	$	36,707		$	36,778		$	69,267		$	65,937
Radio		5,430			5,566			9,750			10,299
Total segment revenue		42,137			42,344			79,017			76,236
Intercompany and other		(70	)		(74	)		(159	)		(34	)
	$	42,067		$	42,270		$	78,858		$	76,202
Segment income from continuing operations
Television	$	10,314		$	12,373		$	16,995		$	17,452
Radio		1,654			1,835			2,267			2,633
Total segment income from operations		11,968			14,208			19,262			20,085
Corporate and other		(8,240	)		(4,134	)		(13,736	)		(8,475	)
Fisher Plaza rent		(1,109	)		(1,253	)		(2,377	)		(2,524	)
	$	2,619		$	8,821		$	3,149		$	9,086
Depreciation and amortization
Television	$	1,563		$	1,490		$	3,080		$	2,977
Radio		42			30			85			59
Total segment depreciation and amortization		1,605			1,520			3,165			3,036
Corporate and other		233			228			467			469
	$	1,838		$	1,748		$	3,632		$	3,505

Total assets	June 30, 2013		December 31, 2012
Television	$	119,849	$	113,998
Radio		15,482		15,016
Total segment assets		135,331		129,014
Corporate and other		39,384		52,010
	$	174,715	$	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 income (loss) from operations is as follows (dollars in thousands):

	Three months ended June 30,						Six months ended June 30,
	2013			2012			2013			2012
Segment income from operations	$	2,619		$	8,821		$	3,149		$	9,086
Adjustments:
Loss (gain) on sale of real estate, net		—			(209	)		—			164
Depreciation and amortization		(1,838	)		(1,748	)		(3,632	)		(3,505	)
Income (loss) from operations	$	781		$	6,864		$	(483	)	$	5,745