Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

3. SEGMENT INFORMATION

The Company operates in two reportable segments: television broadcasting and radio broadcasting.

Television Broadcasting

The Company owns and/or operates 53 primary television stations located primarily in California, Colorado, Connecticut, Florida, Massachusetts, Nevada, New Mexico, Texas and the Washington, D.C. area.

Radio Broadcasting

The Company owns and operates 48 radio stations (37 FM and 11 AM) located primarily in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas.

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 and impairment charge. There were no significant sources of revenue generated outside the United States during the three-month periods ended March 31, 2012 and 2011. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period Ended March 31,						% Change 2012 to 2011
	2012			2011
Net Revenue
Television	$	33,164		$	30,668			8	%
Radio		13,360			13,376			(0	)%
Consolidated		46,524			44,044			6	%
Direct operating expenses
Television		13,221			12,659			4	%
Radio		8,413			8,162			3	%
Consolidated		21,634			20,821			4	%
Selling, general and administrative expenses
Television		5,314			5,171			3	%
Radio		4,058			4,072			(0	)%
Consolidated		9,372			9,243			1	%
Depreciation and amortization
Television		3,558			3,835			(7	)%
Radio		789			897			(12	)%
Consolidated		4,347			4,732			(8	)%
Segment operating profit (loss)
Television		11,071			9,003			23	%
Radio		100			245			(59	)%
Consolidated		11,171			9,248			21	%
Corporate expenses		3,881			3,745			4	%
Operating income (loss)		7,290			5,503			32	%
Interest expense		(9,100	)		(9,443	)		(4	)%
Interest income		4			2			100	%
Other income (loss)		—			687			(100	)%
Income (loss) before income taxes	$	(1,806	)	$	(3,251	)		(44	)%
Capital expenditures
Television	$	919		$	2,617
Radio		370			150
Consolidated	$	1,289		$	2,767
	March 31, 2012			December 31, 2011
Total assets
Television	$	332,419		$	342,462
Radio		121,200			124,859
Consolidated	$	453,619		$	467,321