Segment Information |
9. 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 September 30, 2014: | | | | | | | | | | | | | | Net operating revenue | | $ | 29,400 | | $ | 4,973 | | $ | — | | $ | 34,373 | | Station operating expense | | | 23,082 | | | 3,284 | | | — | | | 26,366 | | Corporate general and administrative | | | — | | | — | | | 2,307 | | | 2,307 | | Operating income (loss) from continuing operations | | $ | 6,318 | | $ | 1,689 | | $ | (2,307) | | $ | 5,700 | | Depreciation and amortization | | $ | 1,245 | | $ | 350 | | $ | 77 | | $ | 1,672 | | | | | | | | Corporate | | | | | | Radio | | Television | | and Other | | Consolidated | | | | (In thousands) | | | | | | Three Months Ended September 30, 2013: | | | | | | | | | | | | | | Net operating revenue | | $ | 28,104 | | $ | 4,825 | | $ | — | | $ | 32,929 | | Station operating expense | | | 20,339 | | | 3,259 | | | — | | | 23,598 | | Corporate general and administrative | | | — | | | — | | | 2,051 | | | 2,051 | | Operating income (loss) from continuing operations | | $ | 7,765 | | $ | 1,566 | | $ | (2,051) | | $ | 7,280 | | Depreciation and amortization | | $ | 1,270 | | $ | 362 | | $ | 57 | | $ | 1,689 | | | | | | | | Corporate | | | | | | Radio | | Television | | and Other | | Consolidated | | | | (In thousands) | | | | | | Nine Months Ended September 30, 2014: | | | | | | | | | | | | | | Net operating revenue | | $ | 83,176 | | $ | 14,451 | | $ | — | | $ | 97,627 | | Station operating expense | | | 63,021 | | | 9,791 | | | — | | | 72,812 | | Corporate general and administrative | | | — | | | — | | | 6,580 | | | 6,580 | | Operating income (loss) from continuing operations | | $ | 20,155 | | $ | 4,660 | | $ | (6,580) | | $ | 18,235 | | Depreciation and amortization | | $ | 3,711 | | $ | 1,041 | | $ | 205 | | $ | 4,957 | | Total assets | | $ | 144,650 | | $ | 22,242 | | $ | 37,623 | | $ | 204,515 | | | | | | | | Corporate | | | | | | Radio | | Television | | and Other | | Consolidated | | | | (In thousands) | | | | | | Nine Months Ended September 30, 2013: | | | | | | | | | | | | | | Net operating revenue | | $ | 81,240 | | $ | 14,478 | | $ | — | | $ | 95,718 | | Station operating expense | | | 59,561 | | | 9,618 | | | — | | | 69,179 | | Corporate general and administrative | | | — | | | — | | | 5,981 | | | 5,981 | | Operating income (loss) from continuing operations | | $ | 21,679 | | $ | 4,860 | | $ | (5,981) | | $ | 20,558 | | Depreciation and amortization | | $ | 3,761 | | $ | 1,054 | | $ | 170 | | $ | 4,985 | | Total assets | | $ | 146,423 | | $ | 23,343 | | $ | 35,004 | | $ | 204,770 | | |