Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

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 and foreign currency (gain) loss. The Company generated 3% and 5% of its revenue outside the United States during the three- and nine-month periods ended September 30, 2017, respectively. There were no significant sources of revenue generated outside the United States during the three- and nine-month periods ended September 30, 2016. 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,						%
	2017			2016			Change			2017			2016			Change
Net revenue
Revenue from advertising and retransmission consent
Television	$	36,547		$	40,363			(9	)%	$	112,021		$	116,143			(4	)%
Radio		16,934			19,169			(12	)%		49,816			55,605			(10	)%
Digital		17,131			5,749			198	%		36,794			16,475			123	%
Total		70,612			65,281			8	%		198,631			188,223			6	%
Revenue from spectrum usage rights		263,943			-		*				263,943			-		*
Consolidated		334,555			65,281			412	%		462,574			188,223			146	%
Cost of revenue - television (spectrum usage rights)		12,131			-		*				12,131			-		*
Cost of revenue - digital media		9,910			2,281			334	%		20,424			6,493			215	%
Direct operating expenses
Television		14,365			15,604			(8	)%		43,992			46,113			(5	)%
Radio		11,306			11,284			0	%		33,362			33,510			(0	)%
Digital		4,560			1,350			238	%		9,884			4,718			109	%
Consolidated		30,231			28,238			7	%		87,238			84,341			3	%
Selling, general and administrative expenses
Television		5,796			5,547			4	%		16,524			16,186			2	%
Radio		4,647			5,138			(10	)%		13,932			14,976			(7	)%
Digital		2,370			1,264			88	%		5,587			3,632			54	%
Consolidated		12,813			11,949			7	%		36,043			34,794			4	%
Depreciation and amortization
Television		2,489			2,614			(5	)%		7,452			8,186			(9	)%
Radio		648			847			(23	)%		2,036			2,479			(18	)%
Digital		1,200			351			242	%		2,972			1,059			181	%
Consolidated		4,337			3,812			14	%		12,460			11,724			6	%
Segment operating profit (loss)
Television		265,709			16,598			1,501	%		295,865			45,658			548	%
Radio		333			1,900			(82	)%		486			4,640			(90	)%
Digital		(909	)		503		*				(2,073	)		573		*
Consolidated		265,133			19,001			1,295	%		294,278			50,871			478	%
Corporate expenses		8,209			5,728			43	%		19,695			16,625			18	%
Foreign currency transaction (gain) loss		(58	)		-		*				293			-		*
Operating income (loss)		256,982			13,273			1,836	%		274,290			34,246			701	%
Interest expense	$	(3,756	)	$	(3,894	)		(4	)%	$	(11,084	)	$	(11,619	)		(5	)%
Interest income		256			71			261	%		475			196			142	%
Income before income taxes		253,482			9,450			2,582	%		263,681			22,823			1,055	%
Capital expenditures
Television	$	1,863		$	1,641					$	7,815		$	4,199
Radio		453			660						1,296			2,492
Digital		50			35						63			231
Consolidated	$	2,366		$	2,336					$	9,174		$	6,922
	September 30,			December 31,
Total assets	2017			2016
Television		559,793			363,852
Radio		126,812			129,825
Digital		77,816			24,244
Consolidated	$	764,421		$	517,921

* Percentage not meaningful.