XML 41 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Data (Tables)
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The Company’s financial data by segment is presented in the tables below (in thousands):
 
 
Three Months Ended March 31, 2018
 
 
Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
168,225

 
$
94,790

 
$
664

 
$
263,679



 
 
Three Months Ended March 31, 2017
 
 
Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
173,603

 
$
89,855

 
$
572

 
$
264,030


 
Three Months Ended 
 March 31,
 
2018
 
2017
Adjusted EBITDA by segment
 
 
 
     Radio Station Group
$
36,186

 
$
39,038

     Westwood One
12,656

 
8,969

Segment Adjusted EBITDA
48,842

 
48,007

Adjustments to reconcile to GAAP measure
 
 
 
     Corporate and other expense
(8,573
)
 
(9,274
)
     Income tax benefit
118

 
6,026

     Non-operating expense, including net interest expense
(96
)
 
(33,943
)
     Local marketing agreement fees
(1,107
)
 
(2,707
)
     Depreciation and amortization
(11,981
)
 
(16,282
)
     Stock-based compensation expense
(166
)
 
(538
)
     (Loss) gain on sale or disposal of assets or stations
(11
)
 
2,606

     Reorganization items, net
(30,167
)
 
—

     Acquisition-related and restructuring costs
(1,721
)
 
(1,150
)
     Franchise and state taxes
(139
)
 
(140
)
Consolidated GAAP net loss
$
(5,001
)
 
$
(7,395
)