Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2016:
Net operating revenue	$	30,866	$	5,572	$	—	$	36,438
Station operating expense		21,842		3,578		—		25,420
Corporate general and administrative		—		—		2,620		2,620
Other operating expense		8		—		—		8
Operating income (loss)	$	9,016	$	1,994	$	(2,620)	$	8,390
Depreciation and amortization	$	1,406	$	332	$	69	$	1,807

					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)
Six Months Ended June 30, 2016:
Net operating revenue	$	58,330	$	10,853	$	—	$	69,183
Station operating expense		42,982		7,123		—		50,105
Corporate general and administrative		—		—		5,337		5,337
Other operating expense		5		3		—		8
Operating income (loss)	$	15,343	$	3,727	$	(5,337)	$	13,733
Depreciation and amortization	$	2,752	$	653	$	138	$	3,543
Total assets	$	164,614	$	23,500	$	25,870	$	213,984

					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