Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

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, change in fair value contingent consideration, impairment charge, foreign currency (gain) loss and other operating (gain) loss. The Company generated 17% and 20% of its revenue outside the United States during the three-month periods ended June 30, 2019 and June 30, 2018, respectively. The Company generated 16% and 19% of its revenue outside the United States during the six-month periods ended June 30, 2019 and June 30, 2018, respectively. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period									Six-Month Period
	Ended June 30,						%			Ended June 30,						%
		2019			2018		Change				2019			2018		Change
Net revenue
Television	$	38,071		$	36,531			4	%	$	76,324		$	71,022			7	%
Radio		14,366			17,240			(17	)%		26,321			31,343			(16	)%
Digital		16,804			20,558			(18	)%		31,276			38,802			(19	)%
Consolidated		69,241			74,329			(7	)%		133,921			141,167			(5	)%
Cost of revenue - digital media		8,859			11,384			(22	)%		16,501			22,009			(25	)%
Direct operating expenses
Television		15,157			15,038			1	%		30,084			30,588			(2	)%
Radio		9,528			10,935			(13	)%		19,036			21,609			(12	)%
Digital		4,970			5,144			(3	)%		9,465			9,953			(5	)%
Consolidated		29,655			31,117			(5	)%		58,585			62,150			(6	)%
Selling, general and administrative expenses
Television		5,634			5,551			1	%		11,448			11,523			(1	)%
Radio		4,396			4,502			(2	)%		9,171			9,108			1	%
Digital		3,515			2,620			34	%		6,740			5,336			26	%
Consolidated		13,545			12,673			7	%		27,359			25,967			5	%
Depreciation and amortization
Television		2,562			2,277			13	%		4,822			4,481			8	%
Radio		571			621			(8	)%		903			1,240			(27	)%
Digital		1,173			1,121			5	%		2,497			2,237			12	%
Consolidated		4,306			4,019			7	%		8,222			7,958			3	%
Segment operating profit (loss)
Television		14,718			13,665			8	%		29,970			24,430			23	%
Radio		(129	)		1,182		*				(2,789	)		(614	)		354	%
Digital		(1,713	)		289		*				(3,927	)		(733	)		436	%
Consolidated		12,876			15,136			(15	)%		23,254			23,083			1	%
Corporate expenses		6,501			6,266			4	%		13,395			12,241			9	%
Change in fair value contingent consideration		(2,735	)		(913	)		200	%		(2,376	)		1,187		*
Impairment charge		22,368			-		*				22,368			-		*
Foreign currency (gain) loss		(82	)		(17	)		382	%		50			196			(74	)%
Other operating (gain) loss		(1,597	)		(273	)		485	%		(3,593	)		(295	)		1,118	%
Operating income (loss)		(11,579	)		10,073		*				(6,590	)		9,754		*
Interest expense	$	(3,554	)	$	(4,001	)		(11	)%	$	(7,044	)	$	(7,399	)		(5	)%
Interest income		857			1,039			(18	)%		1,776			1,952			(9	)%
Dividend income		251			417			(40	)%		506			545			(7	)%
Income (loss) before income taxes		(14,025	)		7,528		*				(11,352	)		4,852		*
Capital expenditures
Television	$	7,661		$	1,942					$	14,002		$	4,023
Radio		199			81						581			162
Digital		121			181						240			247
Consolidated	$	7,981		$	2,204					$	14,823		$	4,432
	June 30,			December 31,
Total assets		2019			2018
Television		506,267			487,929
Radio		138,577			121,020
Digital		54,735			81,460
Consolidated	$	699,579		$	690,409

* Percentage not meaningful.