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v3.19.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands, shares in Millions | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
Revenues (less agency commissions) |  |
Revenue (less agency commissions) | $ 518,000 | $ 226,000
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: |  |
Corporate and administrative | 48,000 | 8,000
Depreciation | 20,000 | 14,000
Amortization of intangible assets | 29,000 | 5,000
Loss on disposal of assets, net | (10,000) | (1,000)
Operating expenses | 478,000 | 176,000
Operating income | 40,000 | 50,000
Other income (expense): |  |
Miscellaneous income, net | 3,000 |
Interest expense | (58,000) | (24,000)
(Loss) income before income taxes | (15,000) | 26,000
Income tax expense | 3,000 | 6,000
Net (loss) income | (18,000) | 20,000
Preferred stock dividends | 13,000 |
Net (loss) income attributable to common stockholders | $ (31,000) | $ 20,000
Basic per common share information: |  |
Net (loss) income per common share (in dollars per share) | $ (0.31) | $ 0.22
Weighted average shares outstanding (in shares) | 99 | 89
Diluted per common share information: |  |
Net (loss) income per common share (in dollars per share) | $ (0.31) | $ 0.22
Weighted average shares outstanding (in shares) | 99 | 90
Dividends declared per common share (in dollars per share) | $ 0 | $ 0
Broadcasting, Segment [Member] |  |
Revenues (less agency commissions) |  |
Revenue (less agency commissions) | $ 481,000 | $ 226,000
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: |  |
Cost of goods and services sold | 356,000 | 150,000
Loss on disposal of assets, net | (9,000) | (1,000)
Operating expenses | 392,000 | 168,000
Operating income | 89,000 | 58,000
Other income (expense): |  |
Interest expense |  |
Production Companies, Segment [Member] |  |
Revenues (less agency commissions) |  |
Revenue (less agency commissions) | 37,000 |
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: |  |
Cost of goods and services sold | 35,000 |
Loss on disposal of assets, net |  |
Operating expenses | 38,000 |
Operating income | (1,000) |
Other income (expense): |  |
Interest expense |  |

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