Segment Information

9 Months Ended

Sep. 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 September 30, 2015, the Radio segment includes twenty-four markets, which includes all ninety-eight 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 September 30, 2015:
Net operating revenue	$	28,536	$	5,295	$	—	$	33,831
Station operating expense		20,825		3,499		—		24,324
Corporate general and administrative		—		—		2,577		2,577
Other operating expense		400		33		—		433
Operating income (loss)	$	7,311	$	1,763	$	(2,577)	$	6,497
Depreciation and amortization	$	1,295	$	347	$	89	$	1,731

					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
Other operating expense		—		—		—		—
Operating income (loss)	$	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)
Nine Months Ended September 30, 2015:
Net operating revenue	$	81,829	$	15,421	$	—	$	97,250
Station operating expense		61,006		10,334		—		71,400
Corporate general and administrative		—		—		7,642		7,642
Other operating expense		414		33		—		447
Operating income (loss)	$	20,349	$	5,054	$	(7,642)	$	17,761
Depreciation and amortization	$	3,676	$	1,016	$	234	$	4,926
Total assets	$	151,708	$	23,131	$	29,323	$	204,162

					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
Other operating expense		—		—		—		—
Operating income (loss)	$	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