Segment Information (Tables)

9 Months Ended

Sep. 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 18% and 21% of its revenue outside the United States during the three-month periods ended September 30, 2019 and September 30, 2018, respectively. The Company generated 17% and 20% of its revenue outside the United States during the nine-month periods ended September 30, 2019 and September 30, 2018, 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,						%
		2019			2018		Change				2019			2018		Change
Net revenue
Television	$	36,421		$	36,361			0	%	$	112,745		$	107,383			5	%
Radio		14,783			15,783			(6	)%		41,104			47,126			(13	)%
Digital		17,612			22,431			(21	)%		48,888			61,233			(20	)%
Consolidated		68,816			74,575			(8	)%		202,737			215,742			(6	)%
Cost of revenue - digital media		9,942			13,240			(25	)%		26,443			35,249			(25	)%
Direct operating expenses
Television		15,661			15,315			2	%		45,745			45,903			(0	)%
Radio		9,932			10,402			(5	)%		28,968			32,011			(10	)%
Digital		5,214			5,977			(13	)%		14,679			15,930			(8	)%
Consolidated		30,807			31,694			(3	)%		89,392			93,844			(5	)%
Selling, general and administrative expenses
Television		5,497			5,147			7	%		16,945			16,670			2	%
Radio		4,209			4,274			(2	)%		13,380			13,382			(0	)%
Digital		2,751			2,977			(8	)%		9,491			8,313			14	%
Consolidated		12,457			12,398			0	%		39,816			38,365			4	%
Depreciation and amortization
Television		2,613			2,227			17	%		7,435			6,708			11	%
Radio		465			615			(24	)%		1,368			1,855			(26	)%
Digital		1,112			1,252			(11	)%		3,609			3,489			3	%
Consolidated		4,190			4,094			2	%		12,412			12,052			3	%
Segment operating profit (loss)
Television		12,650			13,672			(7	)%		42,620			38,102			12	%
Radio		177			492			(64	)%		(2,612	)		(122	)		2041	%
Digital		(1,407	)		(1,015	)		39	%		(5,334	)		(1,748	)		205	%
Consolidated		11,420			13,149			(13	)%		34,674			36,232			(4	)%
Corporate expenses		6,785			6,913			(2	)%		20,180			19,154			5	%
Change in fair value contingent consideration		-			(114	)		(100	)%		(2,376	)		1,073		*
Impairment charge		9,075			-		*				31,443			-		*
Foreign currency (gain) loss		927			335			177	%		977			531			84	%
Other operating (gain) loss		(1,572	)		(327	)		381	%		(5,165	)		(622	)		730	%
Operating income (loss)		(3,795	)		6,342		*				(10,385	)		16,096		*
Interest expense	$	(3,537	)	$	(3,995	)		(11	)%	$	(10,581	)	$	(11,394	)		(7	)%
Interest income		825			933			(12	)%		2,601			2,885			(10	)%
Dividend income		241			457			(47	)%		747			1,002			(25	)%
Income (loss) before income taxes		(6,266	)		3,737		*				(17,618	)		8,589		*
Capital expenditures
Television	$	7,460		$	6,819					$	21,462		$	10,841
Radio		86			71						667			233
Digital		64			226						304			473
Consolidated	$	7,610		$	7,116					$	22,433		$	11,547
	September 30,			December 31,
Total assets		2019			2018
Television		499,335			487,929
Radio		138,710			121,020
Digital		49,797			81,460
Consolidated	$	687,842		$	690,409

* Percentage not meaningful.