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Segment Information
12 Months Ended
Dec. 31, 2013
Segment Reporting [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
 
 
 
 
 
 
Radio
 
Television
 
and Other
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenue
 
$
109,818
 
$
19,660
 
$
 
$
129,478
 
Station operating expense
 
 
79,933
 
 
13,044
 
 
 
 
92,977
 
Corporate general and administrative
 
 
 
 
 
 
8,172
 
 
8,172
 
Impairment of intangible assets
 
 
2,033
 
 
 
 
 
 
2,033
 
Operating income (loss) from continuing operations
 
$
27,852
 
$
6,616
 
$
(8,172)
 
$
26,296
 
Depreciation and amortization
 
$
5,119
 
$
1,421
 
$
228
 
$
6,768
 
Capital additions
 
$
3,884
 
$
872
 
$
396
 
$
5,152
 
Broadcast licenses, net
 
$
78,872
 
$
9,588
 
$
 
$
88,460
 
Total assets at December 31, 2013
 
$
143,927
 
$
23,274
 
$
26,023
 
$
193,224
 
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
Radio
 
Television
 
and Other
 
 
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
 
$
26,154
*
 
$
197,330
 
 
 
*
 
Includes $2,893 of Assets held for sale.
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
Radio
 
Television
 
and Other
 
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