Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

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 17% of its revenue outside the United States during the three-month periods ended June 30, 2020 and 2019, respectively. The Company generated 15% and 16% of its revenue outside the United States during the six-month periods ended June 30, 2020 and 2019, 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,						%
		2020			2019		Change				2020			2019		Change
Net revenue
Television	$	26,955		$	38,071			(29	)%	$	66,154		$	76,324			(13	)%
Digital		11,373			16,804			(32	)%		24,704			31,276			(21	)%
Radio		6,788			14,366			(53	)%		18,507			26,321			(30	)%
Consolidated		45,116			69,241			(35	)%		109,365			133,921			(18	)%
Cost of revenue - digital media		6,447			8,859			(27	)%		13,794			16,501			(16	)%
Direct operating expenses
Television		13,058			15,157			(14	)%		28,883			30,084			(4	)%
Digital		2,943			4,970			(41	)%		6,136			9,465			(35	)%
Radio		6,139			9,528			(36	)%		13,800			19,036			(28	)%
Consolidated		22,140			29,655			(25	)%		48,819			58,585			(17	)%
Selling, general and administrative expenses
Television		4,678			5,634			(17	)%		10,610			11,448			(7	)%
Digital		3,213			3,515			(9	)%		6,884			6,740			2	%
Radio		3,006			4,396			(32	)%		6,994			9,171			(24	)%
Consolidated		10,897			13,545			(20	)%		24,488			27,359			(10	)%
Depreciation and amortization
Television		3,411			2,562			33	%		6,286			4,822			30	%
Digital		-			1,173			(100	)%		1,150			2,497			(54	)%
Radio		462			571			(19	)%		949			903			5	%
Consolidated		3,873			4,306			(10	)%		8,385			8,222			2	%
Segment operating profit (loss)
Television		5,808			14,718			(61	)%		20,375			29,970			(32	)%
Digital		(1,230	)		(1,713	)		(28	)%		(3,260	)		(3,927	)		(17	)%
Radio		(2,819	)		(129	)	*				(3,236	)		(2,789	)		16	%
Consolidated		1,759			12,876			(86	)%		13,879			23,254			(40	)%
Corporate expenses		5,384			6,501			(17	)%		12,224			13,395			(9	)%
Change in fair value contingent consideration		-			(2,735	)		(100	)%		-			(2,376	)		(100	)%
Impairment charge		-			22,368			(100	)%		39,835			22,368			78	%
Foreign currency (gain) loss		(155	)		(82	)		89	%		1,353			50		*
Other operating (gain) loss		(2,030	)		(1,597	)		27	%		(2,866	)		(3,593	)		(20	)%
Operating income (loss)		(1,440	)		(11,579	)		(88	)%		(36,667	)		(6,590	)		456	%
Interest expense	$	(2,024	)	$	(3,554	)		(43	)%	$	(4,704	)	$	(7,044	)		(33	)%
Interest income		539			857			(37	)%		1,162			1,776			(35	)%
Dividend income		-			251			(100	)%		24			506			(95	)%
Income (loss) before income taxes		(2,925	)		(14,025	)		(79	)%		(40,185	)		(11,352	)		254	%
Capital expenditures
Television	$	1,325		$	7,661					$	4,507		$	14,002
Digital		473			121						771			240
Radio		135			199						331			581
Consolidated	$	1,933		$	7,981					$	5,609		$	14,823
	June 30,			December 31,
Total assets		2020			2019
Television		442,074			465,758
Digital		32,294			51,979
Radio		121,806			138,463
Consolidated	$	596,174		$	656,200

* Percentage not meaningful.