SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

8.  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 related activities and operations of other syndicated shows. 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, 2015 and 2014, is presented in the following tables:

	Three Months Ended March 31,
	2015		2014
	(Unaudited)
	(In thousands)
Net Revenue:
Radio Broadcasting	$	44,969	$	49,636
Reach Media		10,707		16,716
Internet		5,744		6,444
Cable Television		45,733		39,693
Corporate/Eliminations/Other		(1,390)		(1,417)
Consolidated	$	105,763	$	111,072
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	30,929	$	31,934
Reach Media		8,701		16,578
Internet		5,710		6,290
Cable Television		29,789		26,391
Corporate/Eliminations/Other		5,953		4,778
Consolidated	$	81,082	$	85,971
Depreciation and Amortization:
Radio Broadcasting	$	1,156	$	1,308
Reach Media		263		291
Internet		640		626
Cable Television		6,504		6,542
Corporate/Eliminations/Other		525		503
Consolidated	$	9,088	$	9,270
Operating income (loss):
Radio Broadcasting	$	12,884	$	16,394
Reach Media		1,743		(153)
Internet		(606)		(472)
Cable Television		9,440		6,760
Corporate/Eliminations/Other		(7,868)		(6,698)
Consolidated	$	15,593	$	15,831

	March 31, 2015		December 31, 2014
	(Unaudited)
	(In thousands)
Total Assets:
Radio Broadcasting	$	810,168	$	814,621
Reach Media		43,697		36,376
Internet		33,532		33,375
Cable Television		457,419		464,661
Corporate/Eliminations/Other		40,334		49,522
Consolidated	$	1,385,150	$	1,398,555