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 one hundred 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, 2017: | | | | | | | | | | Net operating revenue | | $ | 26,155 | | $ | 5,255 | | $ | — | | $ | 31,410 | | Station operating expense | | | 21,340 | | | 3,712 | | | — | | | 25,052 | | Corporate general and administrative | | | — | | | — | | | 2,863 | | | 2,863 | | Other operating (income) expense, net | | | (21) | | | 31 | | | — | | | 10 | | Operating income (loss) | | $ | 4,836 | | $ | 1,512 | | $ | (2,863) | | $ | 3,485 | | Depreciation and amortization | | $ | 1,358 | | $ | 316 | | $ | 71 | | $ | 1,745 | | Total assets | | $ | 160,071 | | $ | 22,565 | | $ | 38,931 | | $ | 221,567 | | | | | | | | 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 | |
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