Note 10 - Operating Segments

6 Months Ended

Mar. 31, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 10 - Operating Segments

The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information concerning the Company’s reportable segments is shown in the following table:

	Reportable Segments
	Traditional Business		Journal Technologies			Non-operating items			Total
Six months ended March 31, 2015
Revenues
Advertising	$	5,253,000	$	---		$	---		$	5,253,000
Circulation		2,984,000		---			---			2,984,000
Advertising service fees and other		1,335,000		---			---			1,335,000
Licensing and maintenance fees		---		7,437,000			---			7,437,000
Consulting fees		---		2,610,000			---			2,610,000
Other public service fees		---		3,096,000			---			3,096,000
Operating expenses		9,176,000		14,866,000			---			24,042,000
Income (loss) from operations		396,000		(1,723,000	)		---			(1,327,000	)
Dividends and interest income		---		---			1,688,000			1,688,000
Other income and capital gains		---		---			32,000			32,000
Interest expense accrued for uncertain and unrecognized tax benefits		---		---			(44,000	)		(44,000	)
Interest expenses		---		---			(112,000	)		(112,000	)
Pretax income (loss)		396,000		(1,723,000	)		1,564,000			237,000
Income tax benefit		---		---			700,000			700,000
Net income (loss)		396,000		(1,723,000	)		2,264,000			937,000
Total assets		14,012,000		47,718,000			172,865,000			234,595,000
Capital expenditures		306,000		80,000			---			386,000
Amortization of intangible assets		---		2,448,000			---			2,448,000
Six months ended March 31, 2014
Revenues
Advertising	$	5,644,000	$	---			---		$	5,644,000
Circulation		3,016,000		---			---			3,016,000
Advertising service fees and other		1,337,000		---			---			1,337,000
Licensing and maintenance fees		---		6,143,000			---			6,143,000
Consulting fees		---		1,526,000			---			1,526,000
Other public service fees		---		3,113,000			---			3,113,000
Operating expenses		8,863,000		13,703,000			---			22,566,000
Income (loss) from operations		1,134,000		(2,921,000	)		---			(1,787,000	)
Dividends and interest income		---		---			1,276,000			1,276,000
Other income and capital gains		---		---			51,000			51,000
Interest expenses		---		---			(117,000	)		(117,000	)
Pretax income (loss)		1,134,000		(2,921,000	)		1,210,000			(577,000	)
Income tax (expense)		---		---			(10,000	)		(10,000	)
Net income (loss)		1,134,000		(2,921,000	)		1,200,000			(587,000	)
Total assets		10,169,000		47,329,000			173,676,000			231,174,000
Capital expenditures		52,000		157,000			---			209,000
Amortization of intangible assets		---		2,419,000			---			2,419,000

11

	Reportable Segments
	Traditional Business		Journal Technologies			Non-operating items			Total
Three months ended March 31, 2015
Revenues
Advertising	$	2,549,000	$	---		$	---		$	2,549,000
Circulation		1,460,000		---			---			1,460,000
Advertising service fees and other		650,000		---			---			650,000
Licensing and maintenance fees		---		3,680,000			---			3,680,000
Consulting fees		---		1,418,000			---			1,418,000
Other public service fees		---		1,635,000			---			1,635,000
Operating expenses		4,553,000		7,805,000			---			12,358,000
Income (loss) from operations		106,000		(1,072,000	)		---			(966,000	)
Dividends and interest income		---		---			860,000			860,000
Other income and capital gains		---		---			14,000			14,000
Interest expense accrued for uncertain and unrecognized tax benefits		---		---			(24,000	)		(24,000	)
Interest expenses		---		---			(55,000	)		(55,000	)
Pretax income (loss)		106,000		(1,072,000	)		795,000			(171,000	)
Income tax benefit		---		---			675,000			675,000
Net income (loss)		106,000		(1,072,000	)		1,470,000			504,000
Total assets		14,012,000		47,718,000			172,865,000			234,595,000
Capital expenditures		248,000		69,000			---			317,000
Amortization of intangible assets		---		1,224,000			---			1,224,000
Three months ended March 31, 2014
Revenues
Advertising	$	2,796,000	$	---		$	---		$	2,796,000
Circulation		1,476,000		---			---			1,476,000
Advertising service fees and other		661,000		---			---			661,000
Licensing and maintenance fees		---		3,135,000			---			3,135,000
Consulting fees		---		1,109,000			---			1,109,000
Other public service fees		---		1,651,000			---			1,651,000
Operating expenses		4,493,000		6,853,000			---			11,346,000
Income (loss) from operations		440,000		(958,000	)		---			(518,000	)
Dividends and interest income		---		---			622,000			622,000
Other income and capital gains		---		---			25,000			25,000
Interest expenses		---		---			(56,000	)		(56,000	)
Pretax income (loss)		440,000		(958,000	)		591,000			73,000
Income tax expense		---		---			(20,000	)		(20,000	)
Net income (loss)		440,000		(958,000	)		571,000			53,000
Total assets		10,169,000		47,329,000			173,676,000			231,174,000
Capital expenditures		27,000		91,000			---			118,000
Amortization of intangible assets		---		1,224,000			---			1,224,000