Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information [Abstract]

Segment Information

8. 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
	Radio		Television		and Other			Consolidated
			(In thousands)
Three Months Ended March 31, 2013:
Net operating revenue	$	24,462	$	4,495	$	—		$	28,957
Station operating expense		19,007		3,081		—			22,088
Corporate general and administrative		—		—		1,948			1,948
Operating income (loss) from continuing operations	$	5,455	$	1,414	$	(1,948	)	$	4,921
Depreciation and amortization	$	1,242	$	342	$	57		$	1,641
Total assets	$	145,538	$	22,782	$	32,250		$	200,570

					Corporate
	Radio		Television		and Other			Consolidated
			(In thousands)
Three Months Ended March 31, 2012:
Net operating revenue	$	25,199	$	4,124	$	—		$	29,323
Station operating expense		19,354		3,006		—			22,360
Corporate general and administrative		—		—		1,949			1,949
Operating income (loss) from continuing operations	$	5,845	$	1,118	$	(1,949	)	$	5,014
Depreciation and amortization	$	1,297	$	339	$	57		$	1,693
Total assets	$	146,667	$	23,456	$	16,790	*	$	186,913

* Includes $3,037 of Assets held for sale.