Segment Information

6 Months Ended

Aug. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations are aligned into two business segments: (i) Radio and (ii) Publishing. These business segments are consistent with the Company’s management of these businesses and its financial reporting structure. Corporate expenses are not allocated to reportable segments. The results of operations of various sold businesses have been classified as discontinued operations and have been excluded from the segment disclosures below. See Note 1 for more discussion of our discontinued operations. The Company’s segments operate exclusively in the United States.

The accounting policies as described in the summary of significant accounting policies included in the Company’s Annual Report filed on Form 10-K, for the year ended February 28, 2013, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended August 31, 2013	Radio			Publishing			Corporate			Consolidated
Net revenues	$	41,259		$	13,708		$	—		$	54,967
Station operating expenses excluding depreciation and amortization expense	28,000			13,938			—			41,938
Corporate expenses excluding depreciation and amortization expense	—			—			5,070			5,070
Hungary license litigation and related expenses	1,043			—			—			1,043
Depreciation and amortization	604			61			548			1,213
Gain of sale of fixed assets	(1		)	—			—			(1		)
Operating income (loss)	$	11,613		$	(291	)	$	(5,618	)	$	5,704

Three Months Ended August 31, 2012	Radio			Publishing			Corporate			Consolidated
Net revenues	$	39,964		$	12,965		$	—		$	52,929
Station operating expenses excluding depreciation and amortization expense	25,988			13,790			—			39,778
Corporate expenses excluding depreciation and amortization expense	—			—			4,161			4,161
Hungary license litigation and related expenses	210			—			—			210
Depreciation and amortization	598			82			489			1,169
Gain on sale of fixed assets	(3		)	(3		)	—			(6		)
Operating income (loss)	$	13,171		$	(904	)	$	(4,650	)	$	7,617

Six Months Ended August 31, 2013	Radio			Publishing			Corporate			Consolidated
Net revenues	$	78,185		$	27,368		$	—		$	105,553
Station operating expenses excluding depreciation and amortization expense	50,911			28,739			—			79,650
Corporate expenses excluding depreciation and amortization expense	—			—			9,470			9,470
Hungary license litigation and related expenses	1,295			—			—			1,295
Depreciation and amortization	1,198			123			1,068			2,389
Gain on sale of fixed assets	(1		)	—			—			(1		)
Operating income (loss)	$	24,782		$	(1,494	)	$	(10,538	)	$	12,750

Six Months Ended August 31, 2012	Radio			Publishing			Corporate			Consolidated
Net revenues	$	74,840		$	27,057		$	—		$	101,897
Station operating expenses excluding depreciation and amortization expense	52,308			28,042			—			80,350
Corporate expenses excluding depreciation and amortization expense	—			—			9,133			9,133
Hungary license litigation and related expenses	414			—			—			414
Impairment loss	10,971			—			—			10,971
Depreciation and amortization	1,176			168			950			2,294
Gain on sale of fixed assets	(10,003		)	(3		)	—			(10,006		)
Operating income (loss)	$	19,974		$	(1,150	)	$	(10,083	)	$	8,741

			As of February 28, 2013
	Radio		Publishing		Corporate		Consolidated
Assets — continuing operations	$	209,721	$	21,005	$	30,136	$	260,862
Assets — discontinued operations	630		132		—		762
Total assets	$	210,351	$	21,137	$	30,136	$	261,624
			As of August 31, 2013
	Radio		Publishing		Corporate		Consolidated
Assets — continuing operations	$	215,736	$	21,033	$	28,930	$	265,699
Assets — discontinued operations	465		—		—		465
Total assets	$	216,201	$	21,033	$	28,930	$	266,164