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Segment Data
 9 Months Ended
Sep. 30, 2014
Segment Data [Abstract]  
Segment Data

NOTE 9 – SEGMENT DATA

The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM (formerly CCME), Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHeartMedia (“iHM”) segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s national syndication business. The Americas outdoor advertising segment consists of operations primarily in the United States and Canada. The International outdoor advertising segment primarily includes operations in Europe, Asia, Australia and Latin America. The Americas outdoor and International outdoor display inventory consists primarily of billboards, street furniture displays and transit displays. The Other category includes the Company’s media representation business as well as other general support services and initiatives which are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expenses.

The following table presents the Company’s reportable segment results for the three and nine months ended September 30, 2014 and 2013.

(In thousands)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended September 30, 2014
Revenue$ 830,509 $ 329,500 $ 413,294 $ 73,712 $ - $ (16,981)$ 1,630,034
Direct operating expenses 242,517 140,739 260,095 5,103 - (2,473) 645,981
Selling, general and administrative expenses 269,009 55,257 84,356 35,563 - (14,498) 429,687
Corporate expenses - - - - 78,212 (10) 78,202
Depreciation and amortization 61,606 48,973 50,105 8,389 6,792 - 175,865
Impairment charges - - - - 35 - 35
Other operating income, net - - - - 47,172 - 47,172
Operating income (loss)$ 257,377 $ 84,531 $ 18,738 $ 24,657 $ (37,867)$ - $ 347,436
Intersegment revenues$ 10 $ 721 $ - $ 16,250 $ - $ - $ 16,981
Capital expenditures$ 9,336 $ 18,980 $ 22,860 $ 1,235 $ 1,176 $ - $ 53,587
Share-based compensation expense$ - $ - $ - $ - $ 2,246 $ - $ 2,246

Three Months Ended September 30, 2013
Revenue$ 823,863 $ 331,346 $ 391,667 $ 57,460 $ - $ (16,814)$ 1,587,522
Direct operating expenses 249,084 140,972 255,122 5,718 - (2,153) 648,743
Selling, general and administrative expenses 260,264 55,739 75,698 34,314 - (14,661) 411,354
Corporate expenses - - - - 89,574 - 89,574
Depreciation and amortization 64,745 48,530 49,090 9,925 5,040 - 177,330
Impairment charges - - - - - - -
Other operating income, net - - - - 6,186 - 6,186
Operating income (loss)$ 249,770 $ 86,105 $ 11,757 $ 7,503 $ (88,428)$ - $ 266,707
Intersegment revenues$ - $ 1,110 $ - $ 15,704 $ - $ - $ 16,814
Capital expenditures$ 22,171 $ 13,838 $ 19,983 $ 2,070 $ 6,518 $ - $ 64,580
Share-based compensation expense$ - $ - $ - $ - $ 2,754 $ - $ 2,754

(In thousands)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherCorporate and other reconciling itemsEliminationsConsolidated
Nine Months Ended September 30, 2014
Revenue$ 2,307,193 $ 917,404 $ 1,241,846 $ 184,236 $ - $ (47,943)$ 4,602,736
Direct operating expenses 678,681 413,761 781,730 17,839 - (6,313) 1,885,698
Selling, general and administrative expenses 787,357 158,789 254,045 107,521 - (41,620) 1,266,092
Corporate expenses - - - - 233,114 (10) 233,104
Depreciation and amortization 185,656 144,094 150,763 25,763 18,522 - 524,798
Impairment charges - - - - 4,937 - 4,937
Other operating income, net - - - - 45,709 - 45,709
Operating income (loss)$ 655,499 $ 200,760 $ 55,308 $ 33,113 $ (210,864)$ - $ 733,816
Intersegment revenues$ 10 $ 2,791 $ - $ 45,142 $ - $ - $ 47,943
Capital expenditures$ 30,020 $ 48,390 $ 84,215 $ 4,121 $ 28,262 $ - $ 195,008
Share-based compensation expense$ - - - - 8,064 - 8,064

Nine Months Ended September 30, 2013
Revenue$ 2,286,040 $ 952,832 $ 1,187,262 $ 167,778 $ - $ (45,235)$ 4,548,677
Direct operating expenses 685,099 419,676 762,167 18,535 - (6,368) 1,879,109
Selling, general and administrative expenses 755,351 165,232 238,786 105,556 - (38,867) 1,226,058
Corporate expenses - - - - 245,702 - 245,702
Depreciation and amortization 200,615 144,256 150,013 29,797 14,565 - 539,246
Impairment charges - - - - - - -
Other operating income, net - - - - 9,694 - 9,694
Operating income (loss)$ 644,975 $ 223,668 $ 36,296 $ 13,890 $ (250,573)$ - $ 668,256
Intersegment revenues$ - $ 1,253 $ - $ 43,982 $ - $ - $ 45,235
Capital expenditures$ 58,335 $ 43,489 $ 68,683 $ 6,765 $ 19,988 $ - $ 197,260
Share-based compensation expense$ - $ - $ - $ - $ 14,093 $ - $ 14,093