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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Detailed segment data for the three and nine month periods ended September 30, 2015 and 2014, is presented in the following tables:
 
 
 
Three Months Ended September 30,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
Net Revenue:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
50,880
 
$
54,498
 
Reach Media
 
 
13,486
 
 
13,618
 
Internet
 
 
5,503
 
 
5,822
 
Cable Television
 
 
47,571
 
 
39,488
 
Corporate/Eliminations/Other
 
 
(1,547)
 
 
(1,255)
 
Consolidated
 
$
115,893
 
$
112,171
 
 
 
 
 
 
 
 
 
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
31,375
 
$
32,478
 
Reach Media
 
 
11,061
 
 
13,306
 
Internet
 
 
5,427
 
 
5,372
 
Cable Television
 
 
31,987
 
 
27,095
 
Corporate/Eliminations/Other
 
 
6,129
 
 
5,181
 
Consolidated
 
$
85,979
 
$
83,432
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
1,145
 
$
1,241
 
Reach Media
 
 
(394)
 
 
285
 
Internet
 
 
446
 
 
598
 
Cable Television
 
 
6,554
 
 
6,523
 
Corporate/Eliminations/Other
 
 
526
 
 
532
 
Consolidated
 
$
8,277
 
$
9,179
 
 
 
 
 
 
 
 
 
Impairment of long-lived assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
 
$
 
Reach Media
 
 
 
 
 
Internet
 
 
14,545
 
 
 
Cable Television
 
 
 
 
 
Corporate/Eliminations/Other
 
 
 
 
 
Consolidated
 
$
14,545
 
$
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
18,360
 
$
20,779
 
Reach Media
 
 
2,819
 
 
27
 
Internet
 
 
(14,915)
 
 
(148)
 
Cable Television
 
 
9,030
 
 
5,870
 
Corporate/Eliminations/Other
 
 
(8,202)
 
 
(6,968)
 
Consolidated
 
$
7,092
 
$
19,560
 
 
 
 
September 30, 2015
 
December 31, 2014
 
 
 
(Unaudited)
 
 
 
 
 
(In thousands)
 
Total Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
813,924
 
$
807,760
 
Reach Media
 
 
37,601
 
 
36,376
 
Internet
 
 
17,410
 
 
33,375
 
Cable Television
 
 
442,765
 
 
464,661
 
Corporate/Eliminations/Other
 
 
51,588
 
 
49,522
 
Consolidated
 
$
1,363,288
 
$
1,391,694
 
 
 
 
Nine Months Ended September 30,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
Net Revenue:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
149,093
 
$
159,906
 
Reach Media
 
 
42,508
 
 
40,433
 
Internet
 
 
15,763
 
 
18,175
 
Cable Television
 
 
138,898
 
 
117,166
 
Corporate/Eliminations/Other
 
 
(4,785)
 
 
(4,023)
 
Consolidated
 
$
341,477
 
$
331,657
 
 
 
 
 
 
 
 
 
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
95,297
 
$
97,194
 
Reach Media
 
 
36,041
 
 
40,227
 
Internet
 
 
16,342
 
 
17,417
 
Cable Television
 
 
87,348
 
 
76,895
 
Corporate/Eliminations/Other
 
 
18,087
 
 
14,498
 
Consolidated
 
$
253,115
 
$
246,231
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
3,469
 
$
3,832
 
Reach Media
 
 
137
 
 
862
 
Internet
 
 
1,559
 
 
1,830
 
Cable Television
 
 
19,600
 
 
19,597
 
Corporate/Eliminations/Other
 
 
1,580
 
 
1,564
 
Consolidated
 
$
26,345
 
$
27,685
 
 
 
 
 
 
 
 
 
Impairment of long-lived assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
 
$
 
Reach Media
 
 
 
 
 
Internet
 
 
14,545
 
 
 
Cable Television
 
 
 
 
 
Corporate/Eliminations/Other
 
 
 
 
 
Consolidated
 
$
14,545
 
$
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
50,327
 
$
58,880
 
Reach Media
 
 
6,330
 
 
(656)
 
Internet
 
 
(16,683)
 
 
(1,072)
 
Cable Television
 
 
31,950
 
 
20,674
 
Corporate/Eliminations/Other
 
 
(24,452)
 
 
(20,085)
 
Consolidated
 
$
47,472
 
$
57,741