Segment Information

3 Months Ended

May 31, 2014

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 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, 2014, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended May 31, 2014	Radio			Publishing			Corporate			Consolidated
Net revenues	$	45,046		$	14,678		$	—		$	59,724
Station operating expenses excluding LMA fees and depreciation and amortization expense	27,986			14,940			—			42,926
Corporate expenses excluding depreciation and amortization expense	—			—			4,890			4,890
LMA fees	3,825			—			—			3,825
Hungary license litigation and related expenses	92			—			—			92
Depreciation and amortization	670			57			626			1,353
Gain on sale of fixed assets	(3		)	—			—			(3		)
Operating income (loss)	$	12,476		$	(319	)	$	(5,516	)	$	6,641

Three Months Ended May 31, 2013	Radio		Publishing			Corporate			Consolidated
Net revenues	$	36,926	$	13,660		$	—		$	50,586
Station operating expenses excluding depreciation and amortization expense	22,911		14,801			—			37,712
Corporate expenses excluding depreciation and amortization expense	—		—			4,400			4,400
Hungary license litigation and related expenses	252		—			—			252
Depreciation and amortization	594		62			520			1,176
(Gain) loss on sale of fixed assets	—		—			—			—
Operating income (loss)	$	13,169	$	(1,203	)	$	(4,920	)	$	7,046

			As of February 28, 2014
	Radio		Publishing		Corporate		Consolidated
Total assets	$	211,281	$	21,809	$	32,258	$	265,348
			As of May 31, 2014
	Radio		Publishing		Corporate		Consolidated
Total assets	$	222,144	$	20,216	$	32,202	$	274,562