Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Separate Financial Data for Each of Company's Operating Segments

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


	Three-Month Period									Nine-Month Period
	Ended September 30,						% Change			Ended September 30,						% Change
	2013			2012			2013 to 2012			2013			2012			2013 to 2012
Net Revenue
Television	$	39,747		$	40,903			(3	)%	$	114,289		$	111,466			3	%
Radio		18,039			17,583			3	%		49,534			48,035			3	%

Consolidated		57,786			58,486			(1	)%		163,823			159,501			3	%

Direct operating expenses
Television		15,905			14,349			11	%		46,884			41,567			13	%
Radio		9,955			8,944			11	%		29,189			26,236			11	%

Consolidated		25,860			23,293			11	%		76,073			67,803			12	%

Selling, general and administrative expenses
Television		4,127			5,224			(21	)%		11,635			15,747			(26	)%
Radio		4,004			4,369			(8	)%		11,603			12,853			(10	)%

Consolidated		8,131			9,593			(15	)%		23,238			28,600			(19	)%

Depreciation and amortization
Television		2,918			3,227			(10	)%		9,249			10,088			(8	)%
Radio		695			786			(12	)%		2,139			2,348			(9	)%

Consolidated		3,613			4,013			(10	)%		11,388			12,436			(8	)%

Segment operating profit
Television		16,797			18,103			(7	)%		46,521			44,064			6	%
Radio		3,385			3,484			(3	)%		6,603			6,598			0	%

Consolidated		20,182			21,587			(7	)%		53,124			50,662			5	%
Corporate expenses		5,011			4,465			12	%		14,244			12,527			14	%

Operating income (loss)		15,171			17,122			(11	)%		38,880			38,135			2	%

Interest expense		(5,352	)		(8,671	)		(38	)%		(21,017	)		(26,730	)		(21	)%
Interest income		12			10			20	%		28			23			22	%
Gain (loss) on debt extinguishment		(29,404	)		—			*			(29,534	)		(1,230	)		*

Income (loss) before income taxes	$	(19,573	)	$	8,461			*		$	(11,643	)	$	10,198			*

Capital expenditures
Television	$	2,298		$	3,130					$	5,853		$	5,812
Radio		1,098			416						1,785			1,322

Consolidated	$	3,396		$	3,546					$	7,638		$	7,134


										September 30,			December 31,
										2013			2012
Total assets
Television										$	331,189		$	313,904
Radio											124,475			124,147

Consolidated										$	455,664		$	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.

+ References+ Details