Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [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-two of our radio stations and one radio information network. The Television segment includes two markets and consists of four television stations and five 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, 2015:
Net operating revenue	$	24,276	$	4,785	$	—	$	29,061
Station operating expense		19,422		3,343		—		22,765
Corporate general and administrative		—		—		2,482		2,482
Operating income (loss)	$	4,854	$	1,442	$	(2,482)	$	3,814
Depreciation and amortization	$	1,174	$	347	$	68	$	1,589
Total assets	$	139,354	$	22,665	$	33,529	$	195,548

					Corporate
	Radio		Television		and Other		Consolidated
			(In thousands)
Three Months Ended March 31, 2014:
Net operating revenue	$	24,925	$	4,498	$	—	$	29,423
Station operating expense		19,739		3,208		—		22,947
Corporate general and administrative		—		—		2,153		2,153
Operating income (loss)	$	5,186	$	1,290	$	(2,153)	$	4,323
Depreciation and amortization	$	1,230	$	345	$	70	$	1,645
Total assets	$	143,313	$	22,684	$	31,159	$	197,156