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Revenues (Tables)
9 Months Ended
Sep. 30, 2020
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue by Major Source and by Sales Channel

The following table presents our revenues disaggregated by major source for the three-month periods ended (in thousands):

 

 

 

Three-Month Period

 

 

Nine-Month Period

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Broadcast advertising

 

$

37,596

 

 

$

37,345

 

 

$

98,913

 

 

$

109,290

 

Digital advertising

 

 

13,655

 

 

 

17,612

 

 

 

38,359

 

 

 

48,888

 

Spectrum usage rights

 

 

1,358

 

 

 

2,669

 

 

 

4,070

 

 

 

11,705

 

Retransmission consent

 

 

9,056

 

 

 

8,795

 

 

 

27,998

 

 

 

26,641

 

Other

 

 

1,313

 

 

 

2,395

 

 

 

3,003

 

 

 

6,213

 

Total revenue

 

$

62,978

 

 

$

68,816

 

 

$

172,343

 

 

$

202,737

 

 

The following table further disaggregates the Company’s broadcast advertising revenue by sales channel for the three-month periods ended (in thousands):

 

 

Three-Month Period

 

 

Nine-Month Period

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Local direct

 

$

5,464

 

 

$

6,781

 

 

$

15,400

 

 

$

19,292

 

Local agency

 

 

12,021

 

 

 

14,655

 

 

 

33,460

 

 

 

43,321

 

National agency

 

 

20,111

 

 

 

15,909

 

 

 

50,053

 

 

 

46,677

 

Total  revenue

 

$

37,596

 

 

$

37,345

 

 

$

98,913

 

 

$

109,290

 

 

Summary of Deferred Revenue

 

(in thousands)

December 31,

2019

 

Increase

 

Decrease *

 

 

September 30,

2020

 

Deferred revenue

$

2,390

 

3,431

 

(2,390

)

 

$

3,431

 

 

* The amount disclosed in the decrease column reflects revenue that has been recorded in the nine-month period ended September 30, 2020.