SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021

SEGMENT INFORMATION

Schedule of segment reporting information

	Three Months Ended
	June 30,
	2021		2020
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	35,465	$	20,505
Reach Media		9,414		6,268
Digital		15,129		6,104
Cable Television		48,461		43,761
Corporate/Eliminations*		(876)		(630)
Consolidated	$	107,593	$	76,008
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	22,369	$	20,614
Reach Media		6,002		4,941
Digital		8,800		5,723
Cable Television		23,550		16,953
Corporate/Eliminations		6,627		5,013
Consolidated	$	67,348	$	53,244
Depreciation and Amortization:
Radio Broadcasting	$	792	$	766
Reach Media		53		60
Digital		315		277
Cable Television		937		940
Corporate/Eliminations		228		339
Consolidated	$	2,325	$	2,382
Operating income (loss):
Radio Broadcasting	$	12,304	$	(875)
Reach Media		3,359		1,267
Digital		6,014		104
Cable Television		23,974		25,868
Corporate/Eliminations		(7,731)		(5,982)
Consolidated	$	37,920	$	20,382

*  Intercompany revenue included in net revenue above is as follows:

Radio Broadcasting $ (876) $ (630)

Capital expenditures by segment are as follows:

Radio Broadcasting	$	966	$	557
Reach Media		31		9
Digital		246		239
Cable Television		144		23
Corporate/Eliminations		263		392
Consolidated	$	1,650	$	1,220

	Six Months Ended
	June 30,
	2021		2020
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	63,253	$	55,421
Reach Media		17,230		12,958
Digital		25,484		12,393
Cable Television		94,703		91,257
Corporate/Eliminations*		(1,637)		(1,146)
Consolidated	$	199,033	$	170,883
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	45,698	$	47,006
Reach Media		11,176		10,836
Digital		16,853		12,918
Cable Television		45,071		37,352
Corporate/Eliminations		13,969		11,096
Consolidated	$	132,767	$	119,208
Depreciation and Amortization:
Radio Broadcasting	$	1,522	$	1,506
Reach Media		111		119
Digital		638		765
Cable Television		1,866		1,883
Corporate/Eliminations		452		657
Consolidated	$	4,589	$	4,930
Impairment of Long-Lived Assets:
Radio Broadcasting	$	—	$	53,650
Reach Media		—		—
Digital		—		—
Cable Television		—		—
Corporate/Eliminations		—		—
Consolidated	$	—	$	53,650
Operating income (loss):
Radio Broadcasting	$	16,033	$	(46,741)
Reach Media		5,943		2,003
Digital		7,993		(1,290)
Cable Television		47,766		52,022
Corporate/Eliminations		(16,058)		(12,899)
Consolidated	$	61,677	$	(6,905)

* Intercompany revenue included in net revenue above is as follows:

Radio Broadcasting $ (1,637) $ (1,146)

Capital expenditures by segment are as follows:

Radio Broadcasting	$	1,227	$	1,520
Reach Media		32		66
Digital		572		436
Cable Television		182		64
Corporate/Eliminations		441		564
Consolidated	$	2,454	$	2,650

	June 30, 2021		December 31, 2020
	(Unaudited)
	(In thousands)
Total Assets:
Radio Broadcasting	$	625,205	$	630,174
Reach Media		43,532		38,235
Digital		24,491		23,168
Cable Television		383,036		374,046
Corporate/Eliminations		163,278		129,864
Consolidated	$	1,239,542	$	1,195,487