Segment Information

3 Months Ended

Mar. 31, 2016

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-four markets, which includes all ninety-nine of our radio stations. 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, 2016:
Net operating revenue	$	27,464	$	5,281	$	—	$	32,745
Station operating expense		21,140		3,545		—		24,685
Corporate general and administrative		—		—		2,717		2,717
Other operating (income) expense, net		(3)		3		—		—
Operating income (loss)	$	6,327	$	1,733	$	(2,717)	$	5,343
Depreciation and amortization	$	1,346	$	321	$	69	$	1,736
Total assets	$	163,401	$	23,655	$	22,671	$	209,727

					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