Segment Information

3 Months Ended

Mar. 31, 2013

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 56 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 49 radio stations (38 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. There were no significant sources of revenue generated outside the United States during the three-month periods ended March 31, 2013 and 2012. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period Ended March 31,						%  Change 2013 to 2012
	2013			2012
Net Revenue
Television	$	34,952		$	33,164			5	%
Radio		14,135			13,360			6	%
Consolidated		49,087			46,524			6	%
Direct operating expenses
Television		14,988			13,221			13	%
Radio		9,237			8,413			10	%
Consolidated		24,225			21,634			12	%
Selling, general and administrative expenses
Television		3,926			5,314			(26	)%
Radio		3,757			4,058			(7	)%
Consolidated		7,683			9,372			(18	)%
Depreciation and amortization
Television		3,217			3,558			(10	)%
Radio		738			789			(6	)%
Consolidated		3,955			4,347			(9	)%
Segment operating profit (loss)
Television		12,821			11,071			16	%
Radio		403			100			303	%
Consolidated		13,224			11,171			18	%
Corporate expenses		4,497			3,881			16	%
Operating income (loss)		8,727			7,290			20	%
Interest expense		(7,784	)		(9,100	)		(14	)%
Interest income		7			4			75	%
Income (loss) before income taxes	$	950		$	(1,806	)		(153	)%
Capital expenditures
Television	$	1,786		$	919
Radio		142			370
Consolidated	$	1,928		$	1,289

	March 31, 2013		December 31, 2012
Total assets
Television	$	309,914	$	313,904
Radio		120,898		124,147
Consolidated	$	430,812	$	438,051