Operating Segments (Tables)

9 Months Ended

Sep. 30, 2014

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Operating Segments

The following summary table presents separate financial data for each of our operating segments (in thousands):  

	Three-Months Ended						Nine-Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Net revenue:
Radio	$	32,713			35,428		$	98,177			100,634
Television		3,565			5,654			11,767			15,618
Consolidated	$	36,278			41,082		$	109,944			116,252
Engineering and programming expenses:
Radio	$	5,508			6,086		$	15,938			15,795
Television		2,398			2,355			7,054			6,393
Consolidated	$	7,906			8,441		$	22,992			22,188
Selling, general and administrative expenses:
Radio	$	15,054			15,771		$	46,145			43,810
Television		1,881			3,182			6,248			9,157
Consolidated	$	16,935			18,953		$	52,393			52,967
Corporate expenses:	$	2,098			2,371		$	7,546			7,413
Depreciation and amortization:
Radio	$	487			470		$	1,468			1,462
Television		684			692			2,066			2,227
Corporate		101			75			272			222
Consolidated	$	1,272			1,237		$	3,806			3,911
(Gain) loss on the disposal of assets, net:
Radio	$	—			(3	)	$	(1,204	)		(12	)
Television		—			—			—			—
Corporate		—			—			—			(13	)
Consolidated	$	—			(3	)	$	(1,204	)		(25	)
Impairment charges and restructuring costs:
Radio	$	—			—		$	—			86
Television		—			—			—			1,000
Corporate		(30	)		(136	)		(103	)		(197	)
Consolidated	$	(30	)		(136	)	$	(103	)		889
Operating income (loss):
Radio	$	11,664			13,104		$	35,830			39,493
Television		(1,398	)		(575	)		(3,601	)		(3,159	)
Corporate		(2,169	)		(2,310	)		(7,715	)		(7,425	)
Consolidated	$	8,097			10,219		$	24,514			28,909
Capital expenditures:
Radio	$	385			198		$	1,167			808
Television		131			49			356			320
Corporate		155			230			345			341
Consolidated	$	671			477		$	1,868			1,469

	September 30,		December 31,
	2014		2013
Total Assets:
Radio	$	398,279	$	391,134
Television		52,159		56,909
Corporate		10,956		13,705
Consolidated	$	461,394	$	461,748