Operating Segments

3 Months Ended

Mar. 31, 2013

Operating Segments

4. Operating Segments

We have two reportable segments: radio and television.

The following summary table presents separate financial data for each of our operating segments:

	Three-MonthsEnded March31,
	2013	2012
	(In thousands)
Net revenue:
Radio	$32,959	27,778
Television	6,144	4,316
Consolidated	$39,103	32,094
Engineering and programming expenses:
Radio	$5,104	5,307
Television	2,399	3,097
Consolidated	$7,503	8,404
Selling, general and administrative expenses:
Radio	$15,586	12,958
Television	3,924	2,048
Consolidated	$19,510	15,006
Corporate expenses:	$2,430	2,352
Depreciation and amortization:
Radio	$511	551
Television	774	780
Corporate	73	122
Consolidated	$1,358	1,453
(Gain) loss on the disposal of assets, net:
Radio	$—	—
Television	—	—
Corporate	(13)	—
Consolidated	$(13)	—
Impairment charges and restructuring costs:
Radio	$—	—
Television	1,000	—
Corporate	—	56
Consolidated	$1,000	56
Operating income (loss):
Radio	$11,758	8,962
Television	(1,953)	(1,609)
Corporate	(2,490)	(2,530)
Consolidated	$7,315	4,823
Capital expenditures:
Radio	$73	192
Television	116	165
Corporate	28	7
Consolidated	$217	364

	March31,	December31,
	2013	2012
	(In thousands)
Total Assets:
Radio	$399,991	392,523
Television	57,192	58,301
Corporate	16,447	16,594
Consolidated	$473,630	467,418