SEGMENT INFORMATION:

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10.  SEGMENT INFORMATION:

The Company has four reportable segments: (i) Radio Broadcasting; (ii) Reach Media; (iii) Internet; and (iv) Cable Television. These segments operate in the United States and are consistently aligned with the Company’s management of its businesses and its financial reporting structure.

The Radio Broadcasting segment consists of all broadcast results of operations. The Company aggregates the broadcast markets in which it operates into the Radio Broadcasting segment. The Reach Media segment consists of the results of operations for the Tom Joyner Morning Show and Tom Joyner Morning Show related activities and operations of the Syndication One Urban programming line-up. Effective, January 1, 2013, we consolidated our syndication network programming within Reach Media to leverage that platform to create the leading syndicated radio network targeted to the African-American audience. In connection with the consolidation, we shifted our syndicated programming sales to an internal sales force operating out of Reach Media. Segment data for the three months ended March 31, 2012, has been reclassified to conform to the current period presentation. The Internet segment includes the results of our online business, including the operations of Interactive One. The Cable Television segment consists of TV One’s results of operations. Corporate/Eliminations/Other represents financial activity associated with our corporate staff and offices and intercompany activity among the four segments.

Operating loss or income represents total revenues less operating expenses, depreciation and amortization, and impairment of long-lived assets. Intercompany revenue earned and expenses charged between segments are recorded at fair value and eliminated in consolidation.

The accounting policies described in the summary of significant accounting policies in Note 1 – Organization and Summary of Significant Accounting Policies are applied consistently across the segments.

Detailed segment data for the three months ended March 31, 2013 and 2012 is presented in the following tables:

	Three Months Ended March 31,
	2013			2012
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	49,858		$	49,179
Reach Media		9,541			17,029
Internet		5,052			5,785
Cable Television		35,991			32,236
Corporate/Eliminations/Other		(1,330	)		(1,265	)
Consolidated	$	99,112		$	102,964
Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):
Radio Broadcasting	$	31,621		$	33,138
Reach Media		10,347			16,856
Internet		5,552			5,464
Cable Television		20,766			20,318
Corporate/Eliminations/Other		4,387			3,701
Consolidated	$	72,673		$	79,477
Depreciation and Amortization:
Radio Broadcasting	$	1,543		$	1,574
Reach Media		287			332
Internet		710			814
Cable Television		6,633			6,748
Corporate/Eliminations/Other		367			217
Consolidated	$	9,540		$	9,685
Impairment of Long-Lived Assets:
Radio Broadcasting	$	1,370		$	—
Reach Media		—			—
Internet		—			—
Cable Television		—			—
Corporate/Eliminations/Other		—			—
Consolidated	$	1,370		$	—
Operating income (loss):
Radio Broadcasting	$	15,324		$	14,467
Reach Media		(1,093	)		(159	)
Internet		(1,210	)		(493	)
Cable Television		8,592			5,170
Corporate/Eliminations/Other		(6,084	)		(5,183	)
Consolidated	$	15,529		$	13,802

	March 31, 2013		December 31, 2012
	(Unaudited)
	(In thousands)
Total Assets:
Radio Broadcasting	$	788,156	$	801,340
Reach Media		35,356		31,003
Internet		31,430		32,076
Cable Television		524,024		535,344
Corporate/Eliminations/Other		63,094		60,432
Consolidated	$	1,442,060	$	1,460,195