Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Separate Financial Data for Each of Company's Operating Segment

Separate financial data for each of the Company’s operating segments are provided below. Segment operating profit (loss) is defined as operating profit (loss) before corporate expenses, change in fair value contingent consideration, impairment charge, foreign currency (gain) loss and other operating (gain) loss. The Company generated 70% and 18% of its revenue outside the United States during the three-month periods ended June 30, 2021 and 2020, respectively. The Company generated 67% and 15% of its revenue outside the United States during the six-month periods ended June 30, 2021 and 2020, respectively. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period									Six-Month Period
	Ended June 30,						%			Ended June 30,						%
	2021			2020			Change			2021			2020			Change
Net revenue
Digital	$	130,223		$	11,373			1,045	%	$	231,705		$	24,704			838	%
Television		34,057			26,955			26	%		70,148			66,154			6	%
Radio		14,130			6,788			108	%		25,437			18,507			37	%
Consolidated		178,410			45,116			295	%		327,290			109,365			199	%
Cost of revenue - digital		109,030			6,447		*				193,786			13,794		*
Direct operating expenses
Digital		6,238			2,943			112	%		11,139			6,136			82	%
Television		15,203			13,058			16	%		30,172			28,883			4	%
Radio		6,895			6,139			12	%		13,586			13,800			(2	)%
Consolidated		28,336			22,140			28	%		54,897			48,819			12	%
Selling, general and administrative expenses
Digital		5,789			3,213			80	%		11,738			6,884			71	%
Television		4,313			4,678			(8	)%		9,228			10,610			(13	)%
Radio		3,004			3,006			(0	)%		5,993			6,994			(14	)%
Consolidated		13,106			10,897			20	%		26,959			24,488			10	%
Depreciation and amortization
Digital		1,613			-		*				3,194			1,150			178	%
Television		3,107			3,411			(9	)%		6,323			6,286			1	%
Radio		354			462			(23	)%		741			949			(22	)%
Consolidated		5,074			3,873			31	%		10,258			8,385			22	%
Segment operating profit (loss)
Digital		7,553			(1,230	)	*				11,848			(3,260	)	*
Television		11,434			5,808			97	%		24,425			20,375			20	%
Radio		3,877			(2,819	)	*				5,117			(3,236	)	*
Consolidated		22,864			1,759			1,200	%		41,390			13,879			198	%
Corporate expenses		7,345			5,384			36	%		14,503			12,224			19	%
Impairment charge		112			-		*				1,438			39,835			(96	)%
Foreign currency (gain) loss		(309	)		(155	)		99	%		277			1,353			(80	)%
Other operating (gain) loss		(523	)		(2,030	)		(74	)%		(2,436	)		(2,866	)		(15	)%
Operating income (loss)		16,239			(1,440	)	*				27,608			(36,667	)	*
Interest expense	$	(1,856	)	$	(2,024	)		(8	)%	$	(3,573	)	$	(4,704	)		(24	)%
Interest income		83			539			(85	)%		223			1,162			(81	)%
Dividend income		2			-		*				4			24			(83	)%
Income (loss) before income taxes		14,468			(2,925	)	*				24,262			(40,185	)	*
Capital expenditures
Digital	$	538		$	473					$	874		$	771
Television		430			1,325						1,461			4,507
Radio		147			135						293			331
Consolidated	$	1,115		$	1,933					$	2,628		$	5,609
	June 30,			December 31,
Total assets	2021			2020
Digital		218,803			196,020
Television		436,149			425,899
Radio		123,066			125,426
Consolidated	$	778,018		$	747,345

* Percentage not meaningful.