SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

15.  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. (See Note 16 – Subsequent Events.)

The radio broadcasting segment consists of the results of operations of all radio markets. 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 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 estimated 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 years ended December 31, 2016, 2015 and 2014 is presented in the following table:

	For the Years Ended December 31,
	2016		2015		2014
	(In thousands)
Net Revenue:
Radio Broadcasting	$	194,457	$	197,396	$	213,037
Reach Media		53,930		54,779		52,543
Internet		22,215		21,177		24,337
Cable Television		191,854		183,623		157,086
Corporate/Eliminations*		(6,237)		(6,114)		(5,616)
Consolidated	$	456,219	$	450,861	$	441,387
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
Radio Broadcasting	$	118,611	$	126,670	$	128,737
Reach Media		44,708		45,784		50,849
Internet		22,291		21,699		22,998
Cable Television		116,273		117,132		104,210
Corporate/Eliminations		30,658		26,843		20,606
Consolidated	$	332,541	$	338,128	$	327,400
Depreciation and Amortization:
Radio Broadcasting	$	4,350	$	4,910	$	5,039
Reach Media		210		185		1,146
Internet		1,694		1,997		2,422
Cable Television		26,223		26,152		26,115
Corporate/Eliminations		1,770		2,111		2,100
Consolidated	$	34,247	$	35,355	$	36,822
Impairment of Long-Lived Assets:
Radio Broadcasting	$	1,287	$	26,666	$	—
Reach Media		—		—		—
Internet		—		14,545		—
Cable Television		—		—		—
Corporate/Eliminations		—		—		—
Consolidated	$	1,287	$	41,211	$	—
Operating income (loss):
Radio Broadcasting	$	70,209	$	39,150	$	79,261
Reach Media		9,012		8,810		548
Internet		(1,770)		(17,064)		(1,083)
Cable Television		49,358		40,339		26,761
Corporate/Eliminations		(38,665)		(35,068)		(28,322)
Consolidated	$	88,144	$	36,167	$	77,165

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

Radio Broadcasting	$	(1,138)	$	(3,470)	$	(3,159)
Reach Media		(1,706)		(1,595)		(1,246)
Internet		(3,342)		(3,527)		(3,693)
TV One		(51)		—		—
Capital expenditures by segment are as follows:
Radio Broadcasting	$	2,927	$	5,021	$	2,226
Reach Media		370		209		176
Internet		1,122		1,337		1,323
Cable Television		360		281		301
Corporate/Eliminations		1,246		491		1,511
Consolidated	$	6,025	$	7,339		5,537

	As of
	December 31,		December 31,
	2016		2015
	(In thousands)
Total Assets:
Radio Broadcasting	$	781,450	$	781,022
Reach Media		37,192		36,989
Internet		17,749		18,427
Cable Television		446,880		445,660
Corporate/Eliminations		75,515		64,426
Consolidated	$	1,358,786	$	1,346,524