SEGMENT INFORMATION:

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

9.  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. 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 and six month periods ended June 30, 2013 and 2012, is presented in the following tables:

	Three Months Ended June 30,
	2013		2012
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	58,759	$	61,673
Reach Media		18,015		8,546
Internet		6,434		4,423
Cable Television		37,729		32,254
Corporate/Eliminations/Other		(1,335)		(1,066)
Consolidated	$	119,602	$	105,830
Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):
Radio Broadcasting	$	32,881	$	35,008
Reach Media		16,099		8,945
Internet		5,927		4,898
Cable Television		23,464		20,592
Corporate/Eliminations/Other		3,555		4,865
Consolidated	$	81,926	$	74,308
Depreciation and Amortization:
Radio Broadcasting	$	1,511	$	1,623
Reach Media		352		293
Internet		605		823
Cable Television		6,583		6,762
Corporate/Eliminations/Other		416		241
Consolidated	$	9,467	$	9,742
Impairment of Long-Lived Assets:
Radio Broadcasting	$	9,800	$	313
Reach Media		—		—
Internet		—		—
Cable Television		—		—
Corporate/Eliminations/Other		—		—
Consolidated	$	9,800	$	313
Operating income (loss):
Radio Broadcasting	$	14,567	$	24,729
Reach Media		1,564		(692)
Internet		(98)		(1,298)
Cable Television		7,682		4,900
Corporate/Eliminations/Other		(5,306)		(6,172)
Consolidated	$	18,409	$	21,467

	June 30, 2013		December 31, 2012
	(Unaudited)
	(In thousands)
Total Assets:
Radio Broadcasting	$	783,312	$	801,340
Reach Media		34,172		29,492
Internet		32,150		32,076
Cable Television		519,189		535,344
Corporate/Eliminations/Other		59,986		61,943
Consolidated	$	1,428,809	$	1,460,195

	Six Months Ended June 30,
	2013		2012
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	108,616	$	114,329
Reach Media		27,556		22,099
Internet		11,486		10,207
Cable Television		73,721		64,490
Corporate/Eliminations/Other		(2,665)		(2,331)
Consolidated	$	218,714	$	208,794
Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):
Radio Broadcasting	$	64,501	$	70,225
Reach Media		26,446		23,308
Internet		11,480		10,362
Cable Television		44,230		40,910
Corporate/Eliminations/Other		7,942		8,980
Consolidated	$	154,599	$	153,785
Depreciation and Amortization:
Radio Broadcasting	$	3,054	$	3,227
Reach Media		640		594
Internet		1,314		1,637
Cable Television		13,217		13,511
Corporate/Eliminations/Other		782		458
Consolidated	$	19,007	$	19,427
Impairment of Long-Lived Assets:
Radio Broadcasting	$	11,170	$	313
Reach Media		—		—
Internet		—		—
Cable Television		—		—
Corporate/Eliminations/Other		—		—
Consolidated	$	11,170	$	313
Operating income (loss):
Radio Broadcasting	$	29,891	$	40,564
Reach Media		470		(1,803)
Internet		(1,308)		(1,792)
Cable Television		16,274		10,069
Corporate/Eliminations/Other		(11,389)		(11,769)
Consolidated	$	33,938	$	35,269