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Segment Information
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information
13.
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 and we also had one radio network in 2015. In 2014 the Radio segment included twenty-three markets, which included ninety-two 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)
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenue
 
$
118,955
 
$
23,636
 
$
 
$
142,591
 
Station operating expense
 
 
86,799
 
 
14,743
 
 
 
 
101,542
 
Corporate general and administrative
 
 
 
 
 
 
10,980
 
 
10,980
 
Other operating (income) expense, net
 
 
(1,351)
 
 
(42)
 
 
 
 
(1,393)
 
Impairment of intangible assets
 
 
 
 
 
 
 
 
 
Operating income (loss) from continuing operations
 
$
33,507
 
 
8,935
 
 
(10,980)
 
 
31,462
 
Depreciation and amortization
 
$
5,555
 
 
1,387
 
 
321
 
 
7,263
 
Capital additions
 
$
3,246
 
 
894
 
 
721
 
 
4,861
 
Broadcast licenses, net
 
$
86,662
 
 
9,607
 
 
 
 
96,229
 
Total assets at December 31, 2016
 
$
162,434
 
 
22,674
 
 
35,912
 
 
221,020
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
Radio
 
Television
 
and Other
 
Consolidated
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenue
 
$
111,792
 
$
21,064
 
$
 
$
132,856
 
Station operating expense
 
 
83,188
 
 
14,080
 
 
 
 
97,268
 
Corporate general and administrative
 
 
 
 
 
 
10,091
 
 
10,091
 
Other operating expense
 
 
499
 
 
32
 
 
10
 
 
541
 
Impairment of intangible assets
 
 
874
 
 
 
 
 
 
874
 
Operating income (loss) from continuing operations
 
$
27,231
 
 
6,952
 
 
(10,101)
 
 
24,082
 
Depreciation and amortization
 
$
5,135
 
 
1,399
 
 
290
 
 
6,824
 
Capital additions
 
$
3,436
 
 
1,970
 
 
137
 
 
5,543
 
Broadcast licenses, net
 
$
78,499
 
 
9,607
 
 
 
 
88,106
 
Total assets at December 31, 2015
 
$
150,855
 
 
23,091
 
 
30,625
 
 
204,571
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
Radio
 
Television
 
and Other
 
Consolidated
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenue
 
$
113,627
 
$
20,371
 
$
 
$
133,998
 
Station operating expense
 
 
85,167
 
 
13,257
 
 
 
 
98,424
 
Corporate general and administrative
 
 
 
 
 
 
8,901
 
 
8,901
 
Other operating income
 
 
(1,210)
 
 
 
 
 
 
(1,210)
 
Impairment of intangible assets
 
 
1,936
 
 
 
 
 
 
1,936
 
Operating income (loss) from continuing operations
 
$
27,734
 
 
7,114
 
 
(8,901)
 
 
25,947
 
Depreciation and amortization
 
$
5,023
 
 
1,411
 
 
268
 
 
6,702
 
Capital additions
 
$
3,856
 
 
929
 
 
739
 
 
5,524