XML 36 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Detailed segment data for the three months ended March 31, 2017 and 2016, is presented in the following tables:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
 
 
 
 
(As
 
 
 
 
 
reclassified)
 
Net Revenue:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
39,737
 
$
42,733
 
Reach Media
 
 
7,663
 
 
10,454
 
Digital
 
 
5,506
 
 
6,481
 
Cable Television
 
 
48,554
 
 
49,474
 
Corporate/Eliminations/Other*
 
 
(171)
 
 
(54)
 
Consolidated
 
$
101,289
 
$
109,088
 
 
 
 
 
 
 
 
 
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
26,317
 
$
27,423
 
Reach Media
 
 
7,915
 
 
8,446
 
Digital
 
 
6,644
 
 
6,238
 
Cable Television
 
 
29,187
 
 
30,877
 
Corporate/Eliminations/Other
 
 
6,461
 
 
8,614
 
Consolidated
 
$
76,524
 
$
81,598
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
957
 
$
1,144
 
Reach Media
 
 
54
 
 
42
 
Digital
 
 
341
 
 
444
 
Cable Television
 
 
6,561
 
 
6,553
 
Corporate/Eliminations/Other
 
 
399
 
 
499
 
Consolidated
 
$
8,312
 
$
8,682
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
12,463
 
$
14,166
 
Reach Media
 
 
(306)
 
 
1,966
 
Digital
 
 
(1,479)
 
 
(201)
 
Cable Television
 
 
12,806
 
 
12,044
 
Corporate/Eliminations/Other
 
 
(7,031)
 
 
(9,167)
 
Consolidated
 
$
16,453
 
$
18,808
 
 
* Intercompany revenue included in net revenue above is as follows:
 
Radio Broadcasting
 
$
(171)
 
$
(54)
 
 
Capital expenditures by segment are as follows:
 
Radio Broadcasting
 
$
1,025
 
$
403
 
Reach Media
 
 
46
 
 
117
 
Digital
 
 
186
 
 
462
 
Cable Television
 
 
96
 
 
108
 
Corporate/Eliminations/Other
 
 
106
 
 
159
 
Consolidated
 
$
1,459
 
$
1,249
 
 
 
 
March 31, 2017
 
December 31, 2016
 
 
 
(Unaudited)
 
 
 
 
 
(In thousands)
 
Total Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
776,377
 
$
781,450
 
Reach Media
 
 
40,974
 
 
37,192
 
Digital
 
 
16,408
 
 
17,749
 
Cable Television
 
 
446,852
 
 
446,880
 
Corporate/Eliminations/Other
 
 
72,183
 
 
75,515
 
Consolidated
 
$
1,352,794
 
$
1,358,786