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Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Separate financial data for each of the Company's operating segments

The Company evaluates the performance of its operating segments based on the following (in thousands):


	Three-Month Period Ended June 30,						% Change			Six-Month Period Ended June 30,						% Change
	2013			2012			2013 to 2012			2013			2012			2013 to 2012
Net Revenue
Television	$	39,590		$	37,399			6	%	$	74,542		$	70,563			6	%
Radio		17,360			17,092			2	%		31,495			30,452			3	%

Consolidated		56,950			54,491			5	%		106,037			101,015			5	%

Direct operating expenses
Television		15,991			13,997			14	%		30,979			27,218			14	%
Radio		9,997			8,879			13	%		19,234			17,292			11	%

Consolidated		25,988			22,876			14	%		50,213			44,510			13	%

Selling, general and administrative expenses
Television		3,582			5,209			(31	)%		7,508			10,523			(29	)%
Radio		3,842			4,426			(13	)%		7,599			8,484			(10	)%

Consolidated		7,424			9,635			(23	)%		15,107			19,007			(21	)%

Depreciation and amortization
Television		3,114			3,303			(6	)%		6,331			6,861			(8	)%
Radio		706			773			(9	)%		1,444			1,562			(8	)%

Consolidated		3,820			4,076			(6	)%		7,775			8,423			(8	)%

Segment operating profit
Television		16,903			14,890			14	%		29,724			25,961			14	%
Radio		2,815			3,014			(7	)%		3,218			3,114			3	%

Consolidated		19,718			17,904			10	%		32,942			29,075			13	%
Corporate expenses		4,736			4,181			13	%		9,233			8,062			15	%

Operating income (loss)		14,982			13,723			9	%		23,709			21,013			13	%

Interest expense		(7,881	)		(8,959	)		(12	)%		(15,665	)		(18,059	)		(13	)%
Interest income		9			9			0	%		16			13			23	%
Gain (loss) on debt extinguishment		(130	)		(1,230	)		(89	)%		(130	)		(1,230	)		(89	)%

Income (loss) before income taxes	$	6,980		$	3,543			97	%	$	7,930		$	1,737			357	%

Capital expenditures
Television		1,769		$	1,763						3,555		$	2,682
Radio		544			536						686			906

Consolidated	$	2,313		$	2,299					$	4,241		$	3,588


										June 30,			December 31,
										2013			2012
Total assets
Television										$	326,486		$	313,904
Radio											122,070			124,147

Consolidated										$	448,556		$	438,051

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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