Segment Information

3 Months Ended

Mar. 31, 2017

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 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