Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

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