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Segment Data
12 Months Ended
Dec. 31, 2013
Segment Data

(17)

Segment Data

The following summary table presents separate financial data for each of our operating segments. The accounting applied to determine the segment information are generally the same as those described in the summary of significant accounting polices (see note 2(u)). We evaluate the performance of our operating segments based on separate financial data for each operating segment as provided below (in thousands):

 

 

  

Year ended December 31

 

 

  

2013

 

  

2012

 

Net revenue:

 

 

 

 

 

 

 

 

Radio

 

$

133,536

 

 

 

121,414

 

Television

 

 

20,238

 

 

 

18,108

 

Consolidated

 

$

153,774

 

 

 

139,522

 

Engineering and programming expenses:

 

 

 

 

 

 

 

 

Radio

 

$

22,044

 

 

 

20,101

 

Television

 

 

8,828

 

 

 

11,144

 

Consolidated

 

$

30,872

 

 

 

31,245

 

Selling, general, and administrative:

 

 

 

 

 

 

 

 

Radio

 

$

58,322

 

 

 

49,108

 

Television

 

 

10,878

 

 

 

8,521

 

Consolidated

 

$

69,200

 

 

 

57,629

 

Corporate expenses

 

$

9,316

 

 

 

7,507

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

Radio

 

$

1,943

 

 

 

2,062

 

Television

 

 

2,916

 

 

 

2,999

 

Corporate

 

 

307

 

 

 

403

 

Consolidated

 

$

5,166

 

 

 

5,464

 

(Gain) loss on the disposal of assets, net:

 

 

 

 

 

 

 

 

Radio

 

$

(12

)

 

 

(15

)

Television

 

 

 

 

 

 

Corporate

 

 

(13

)

 

 

 

Consolidated

 

$

(25

)

 

 

(15

)

Impairment of assets and restructuring costs:

 

 

 

 

 

 

 

 

Radio

 

$

86

 

 

 

48

 

Television

 

 

1,000

 

 

 

11

 

Corporate

 

 

(197

)

 

 

383

 

Consolidated

 

$

889

 

 

 

442

 

Operating income (loss):

 

 

 

 

 

 

 

 

Radio

 

$

51,153

 

 

 

50,110

 

Television

 

 

(3,384

)

 

 

(4,567

)

Corporate

 

 

(9,413

)

 

 

(8,293

)

Consolidated

 

$

38,356

 

 

 

37,250

 

Capital expenditures:

 

 

 

 

 

 

 

 

Radio

 

$

1,072

 

 

 

407

 

Television

 

 

535

 

 

 

937

 

Corporate

 

 

700

 

 

 

247

 

Consolidated

 

$

2,307

 

 

 

1,591

 

 

 

  

December 31

 

 

  

2013

 

  

2012

 

Total assets:

 

 

 

 

 

 

 

 

Radio

 

$

391,134

 

 

 

392,523

 

Television

 

 

56,909

 

 

 

58,301

 

Corporate

 

 

13,705

 

 

 

16,594

 

Consolidated

 

$

461,748

 

 

 

467,418