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Segment Information
12 Months Ended
Dec. 31, 2012
Segment Information [Abstract]  
Segment Information
13. Segment Information

 

We evaluate the operating performance of our markets individually. For purposes of business segment reporting, we have aligned operations with similar characteristics into two business segments: Radio and Television.

 

The Radio segment includes twenty-three markets, which includes all ninety-one of our radio stations and five radio information networks. The Television segment includes two markets and consists of four television stations and four low power television (“LPTV”) stations. The Radio and Television segments derive their revenue from the sale of commercial broadcast inventory. The category “Corporate general and administrative” represents the income and expense not allocated to reportable segments.

 

 

                Corporate     Assets Held        
    Radio     Television     and Other     For Sale     Consolidated  
    (In thousands)  
                               
Year ended December 31, 2012:                                        
Net operating revenue   $ 111,763     $ 18,496     $             $ 130,259  
Station operating expense     77,992       12,296                     90,288  
Corporate general and administrative                 7,960               7,960  
Operating income (loss) from continuing operations   $ 33,771     $ 6,200     $ (7,960 )           $ 32,011  
                                         
Depreciation and amortization   $ 5,222     $ 1,411     $ 225             $ 6,858  
                                         
Capital additions   $ 3,786     $ 977     $ 46             $ 4,809  
                                         
Broadcast licenses, net   $ 80,773     $ 9,588     $             $ 90,361  
                                         
Total assets at December 31, 2012   $ 148,163     $ 23,013     $ 23,261     $ 2,893     $ 197,330  
                                         

 

                Corporate     Assets Held        
    Radio     Television     and Other     For Sale     Consolidated  
    (In thousands)  
                               
Year ended December 31, 2011:                                        
Net operating revenue   $ 108,938     $ 16,335     $             $ 125,273  
Station operating expense     79,130       11,799                     90,929  
Corporate general and administrative                 7,590               7,590  
Operating income (loss) from continuing operations   $ 29,808     $ 4,536     $ (7,590 )           $ 26,754  
                                         
Depreciation and amortization   $ 5,518     $ 1,351     $ 232             $ 7,101  
                                         
Capital additions   $ 3,990     $ 1,268     $ 152             $ 5,410  
                                         
Broadcast licenses, net   $ 80,768     $ 9,588     $             $ 90,356  
                                         
Total assets at December 31, 2011   $ 148,973     $ 23,712     $ 14,542     $ 3,107     $ 190,334  
                                         

 

                Corporate        
    Radio     Television     and Other     Consolidated  
    (In thousands)  
                         
Year ended December 31, 2010:                                
Net operating revenue   $ 109,891     $ 15,942     $     $ 125,833  
Station operating expense     79,012       11,323             90,335  
Corporate general and administrative                 7,274       7,274  
Operating income (loss) from continuing operations   $ 30,879     $ 4,619     $ (7,274 )   $ 28,224  
                                 
Depreciation and amortization   $ 5,772     $ 1,339     $ 224     $ 7,335  
                                 
Capital additions   $ 3,295     $ 788     $ 58     $ 4,141