Operating Segments

9 Months Ended

Sep. 30, 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 September30,						Nine-MonthsEnded September 30,
	2013			2012				2013		2012
	(In thousands)						(In thousands)
Net revenue:
Radio	$	35,428			31,192			100,634		89,258
Television		5,654			4,689			15,618		13,328
Consolidated	$	41,082			35,881			116,252		102,586
Engineering and programming expenses:
Radio	$	6,086			5,470			15,795		15,199
Television		2,355			2,714			6,393		9,004
Consolidated	$	8,441			8,184			22,188		24,203
Selling, general and administrative expenses:
Radio	$	15,771			12,543			43,810		37,073
Television		3,182			1,846			9,157		6,216
Consolidated	$	18,953			14,389			52,967		43,289
Corporate expenses:	$	2,371			1,564			7,413		5,552
Depreciation and amortization:
Radio	$	470			495			1,462		1,572
Television		692			776			2,227		2,222
Corporate		75			94			222		328
Consolidated	$	1,237			1,365			3,911		4,122
(Gain) loss on the disposal of assets, net:
Radio	$	(3	)		(3	)		(12	)	(8	)
Television		—			—			—		—
Corporate		—			—			(13	)	—
Consolidated	$	(3	)		(3	)		(25	)	(8	)
Impairment charges and restructuring costs:
Radio	$	—			(23	)		86		48
Television		—			—			1,000		11
Corporate		(136	)		171			(197	)	513
Consolidated	$	(136	)		148			889		572
Operating income (loss):
Radio	$	13,104			12,710			39,493		35,374
Television		(575	)		(647	)		(3,159	)	(4,125	)
Corporate		(2,310	)		(1,829	)		(7,425	)	(6,393	)
Consolidated	$	10,219			10,234			28,909		24,856
Capital expenditures:
Radio	$	198			75			808		342
Television		49			557			320		913
Corporate		230			42			341		153
Consolidated	$	477			674			1,469		1,408

	September30, 2013		December31, 2012
	(In thousands)
Total Assets:
Radio	$	401,453		392,523
Television		57,756		58,301
Corporate		14,581		16,594
Consolidated	$	473,790		467,418