Operating Segments

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Operating Segments

6. Operating Segments

We have two reportable segments: radio and television.

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

	Three-Months Ended
	March 31,
	2019			2018
Net revenue:
Radio	$	34,079		$	29,251
Television		3,276			4,655
Consolidated	$	37,355		$	33,906
Engineering and programming expenses:
Radio	$	5,481		$	5,381
Television		1,550			1,182
Consolidated	$	7,031		$	6,563
Selling, general and administrative expenses:
Radio	$	17,666		$	12,126
Television		1,588			2,724
Consolidated	$	19,254		$	14,850
Corporate expenses:	$	2,751		$	2,798
Depreciation and amortization:
Radio	$	376		$	427
Television		444			537
Corporate		53			61
Consolidated	$	873		$	1,025
Recapitalization costs:
Radio	$	—		$	—
Television		—			—
Corporate		1,930			1,082
Consolidated	$	1,930		$	1,082
Other operating income:
Radio	$	(53	)	$	—
Television		—			—
Corporate		—			(1	)
Consolidated	$	(53	)	$	(1	)
Operating income:
Radio	$	10,609		$	11,317
Television		(306	)		212
Corporate		(4,734	)		(3,940	)
Consolidated	$	5,569		$	7,589

	Three-Months Ended
	March 31,
	2019		2018
Capital expenditures:
Radio	$	610	$	225
Television		405		17
Corporate		158		6
Consolidated	$	1,173	$	248

	March 31,		December 31,
	2019		2018
Total Assets:
Radio	$	395,352	$	386,303
Television		56,555		55,052
Corporate		3,191		2,957
Consolidated	$	455,098	$	444,312