Segment Information

6 Months Ended

Jun. 30, 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.

At June 30, 2015, the Radio segment includes twenty-three markets, which includes all ninety-two of our radio stations and one radio information network. As described in Note 5 above, we have since acquired two AM and three FM stations and one FM translator serving the Harrisonburg, Virginia market. 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 June 30, 2015:
Net operating revenue	$	29,017	$	5,341	$	—	$	34,358
Station operating expense		20,819		3,492		—		24,311
Corporate general and administrative		—		—		2,583		2,583
Other operating expense		14		—		—		14
Operating income (loss)	$	8,184	$	1,849	$	(2,583)	$	7,450
Depreciation and amortization	$	1,207	$	322	$	77	$	1,606

					Corporate
	Radio		Television		and Other		Consolidated
			(In thousands)
Three Months Ended June 30, 2014:
Net operating revenue	$	28,851	$	4,980	$	—	$	33,831
Station operating expense		20,200		3,299		—		23,499
Corporate general and administrative		—		—		2,120		2,120
Other operating expense		—		—		—		—
Operating income (loss)	$	8,651	$	1,681	$	(2,120)	$	8,212
Depreciation and amortization	$	1,236	$	346	$	58	$	1,640

					Corporate
	Radio		Television		and Other		Consolidated
			(In thousands)
Six Months Ended June 30, 2015:
Net operating revenue	$	53,293	$	10,126	$	—	$	63,419
Station operating expense		40,241		6,835		—		47,076
Corporate general and administrative		—		—		5,065		5,065
Other operating expense		14		—		—		14
Operating income (loss)	$	13,038	$	3,291	$	(5,065)	$	11,264
Depreciation and amortization	$	2,381	$	669	$	145	$	3,195
Total assets	$	140,872	$	22,767	$	36,660	$	200,299

					Corporate
	Radio		Television		and Other		Consolidated
			(In thousands)
Six Months Ended June 30, 2014:
Net operating revenue	$	53,776	$	9,478	$	—	$	63,254
Station operating expense		39,939		6,507		—		46,446
Corporate general and administrative		—		—		4,273		4,273
Other operating expense		—		—		—		—
Operating income (loss)	$	13,837	$	2,971	$	(4,273)	$	12,535
Depreciation and amortization	$	2,466	$	691	$	128	$	3,285
Total assets	$	144,953	$	22,368	$	34,667	$	201,988