Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

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. There were no significant sources of revenue generated outside the United States during the three- and nine-month periods ended September 30, 2014 and 2013. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period									Nine-Month Period
	Ended September 30,						%			Ended September 30,						%
		2014			2013		Change				2014			2013		Change
Net revenue
Television	$	41,301		$	39,747			4	%	$	122,193		$	114,289			7	%
Radio		18,081			18,039			0	%		51,691			49,534			4	%
Digital		2,892			-			100	%		2,892			-			100	%
Consolidated		62,274			57,786			8	%		176,776			163,823			8	%
Cost of revenue - digital media		1,489			-			100	%		1,489			-			100	%
Direct operating expenses
Television		15,777			15,905			(1	)%		46,885			46,884			0	%
Radio		10,131			9,955			2	%		30,652			29,189			5	%
Digital		1,005			-			100	%		1,005			-			100	%
Consolidated		26,913			25,860			4	%		78,542			76,073			3	%
Selling, general and administrative expenses
Television		4,346			4,127			5	%		12,875			11,635			11	%
Radio		4,150			4,004			4	%		12,500			11,603			8	%
Digital		535			-			100	%		535			-			100	%
Consolidated		9,031			8,131			11	%		25,910			23,238			11	%
Depreciation and amortization
Television		2,621			2,918			(10	)%		8,007			9,249			(13	)%
Radio		868			695			25	%		2,500			2,139			17	%
Digital		296			-			100	%		296			-			100	%
Consolidated		3,785			3,613			5	%		10,803			11,388			(5	)%
Segment operating profit (loss)
Television		18,557			16,797			10	%		54,426			46,521			17	%
Radio		2,932			3,385			(13	)%		6,039			6,603			(9	)%
Digital		(433	)		-			100	%		(433	)		-			100	%
Consolidated		21,056			20,182			4	%		60,032			53,124			13	%
Corporate expenses		4,899			5,011			(2	)%		14,996			14,244			5	%
Operating income (loss)		16,157			15,171			6	%		45,036			38,880			16	%
Interest expense		(3,501	)		(5,352	)		(35	)%		(10,408	)		(21,017	)		(50	)%
Interest income		12			12			0	%		37			28			32	%
Gain (loss) on debt extinguishment		-			(29,404	)		(100	)%		-			(29,534	)		(100	)%
Income (loss) before income taxes	$	12,668		$	(19,573	)	*			$	34,665		$	(11,643	)	*
Capital expenditures
Television	$	1,351		$	2,298					$	3,925		$	5,853
Radio		1,029			1,098						2,779			1,785
Digital		15			-						20			-
Consolidated	$	2,395		$	3,396					$	6,724		$	7,638

	September 30,		December 31,
Total assets		2014		2013
Television	$	400,481	$	412,487
Radio		126,981		125,750
Digital		22,949		-
Consolidated	$	550,411	$	538,237