Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

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 21% and 3% of its revenue outside the United States during the three-month periods ended September 30, 2018 and 2017, respectively. The Company generated 20% and 5% of its revenue outside the United States during the nine-month periods ended September 30, 2018 and 2017, respectively. 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,						%
	2018			2017			Change			2018			2017			Change
Net revenue
Revenue from advertising and retransmission consent
Television	$	35,183		$	36,547			(4	)%	$	105,574		$	112,021			(6	)%
Radio		15,783			16,934			(7	)%		47,126			49,816			(5	)%
Digital		22,431			17,131			31	%		61,233			36,794			66	%
Total		73,397			70,612			4	%		213,933			198,631			8	%
Revenue from spectrum usage rights		1,178			263,943			(100	)%		1,809			263,943			(99	)%
Consolidated		74,575			334,555			(78	)%		215,742			462,574			(53	)%
Cost of revenue - television (spectrum usage rights)		-			12,131			(100	)%		-			12,131			(100	)%
Cost of revenue - digital		13,240			9,910			34	%		35,249			20,424			73	%
Consolidated		13,240			22,041			(40	)%		35,249			32,555			8	%
Direct operating expenses
Television		15,315			14,365			7	%		45,903			43,992			4	%
Radio		10,402			11,306			(8	)%		32,011			33,362			(4	)%
Digital		5,977			4,560			31	%		15,930			9,884			61	%
Consolidated		31,694			30,231			5	%		93,844			87,238			8	%
Selling, general and administrative expenses
Television		5,147			5,796			(11	)%		16,670			16,524			1	%
Radio		4,274			4,647			(8	)%		13,382			13,932			(4	)%
Digital		2,977			2,370			26	%		8,313			5,587			49	%
Consolidated		12,398			12,813			(3	)%		38,365			36,043			6	%
Depreciation and amortization
Television		2,227			2,489			(11	)%		6,708			7,452			(10	)%
Radio		615			648			(5	)%		1,855			2,036			(9	)%
Digital		1,252			1,200			4	%		3,489			2,972			17	%
Consolidated		4,094			4,337			(6	)%		12,052			12,460			(3	)%
Segment operating profit (loss)
Television		13,672			265,709			(95	)%		38,102			295,865			(87	)%
Radio		492			333			48	%		(122	)		486			(125	)%
Digital		(1,015	)		(909	)		12	%		(1,748	)		(2,073	)		(16	)%
Consolidated		13,149			265,133			(95	)%		36,232			294,278			(88	)%
Corporate expenses		6,913			8,209			(16	)%		19,154			19,695			(3	)%
Change in fair value of contingent consideration		(114	)		-		*				1,073			-		*
Foreign currency (gain) loss		335			(58	)	*				531			293			81	%
Operating income (loss)		6,015			256,982			(98	)%		15,474			274,290			(94	)%
Interest expense	$	(3,995	)	$	(3,756	)		6	%	$	(11,394	)	$	(11,084	)		3	%
Interest income		933			256			264	%		2,885			475			507	%
Dividend income		457			-		*				1,002			-		*
Other income (loss)		327			-		*				622			-		*
Income (loss) before income taxes		3,737			253,482			(99	)%		8,589			263,681			(97	)%
Capital expenditures
Television	$	6,819		$	1,863					$	10,841		$	7,815
Radio		71			453						233			1,296
Digital		226			50						473			63
Consolidated	$	7,116		$	2,366					$	11,547		$	9,174
	September 30,			December 31,
Total assets	2018			2017
Television		538,177			556,942
Radio		123,639			126,248
Digital		86,782			82,777
Consolidated	$	748,598		$	765,967

* Percentage not meaningful.