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Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Information [Abstract]  
Segment Information

8. Segment Information

We evaluate the operating performance of our markets individually. For purposes of business segment reporting, we have aligned operations with similar characteristics into two business segments: Radio and Television.

The Radio segment includes twenty-three markets, which includes all ninety-one of our radio stations and five radio information networks. The Television segment includes two markets and consists of four television stations and four low power television (“LPTV”) stations. The Radio and Television segments derive their revenue from the sale of commercial broadcast inventory. The category “Corporate general and administrative” represents the income and expense not allocated to reportable segments.

 

                                 
    Radio     Television     Corporate
and Other		     Consolidated  
   

(In thousands)

  

Three Months Ended September 30, 2012:

                                

Net operating revenue

   $ 27,498     $ 4,911     $ —       $ 32,409  

Station operating expense

     19,365       3,014       —         22,379  

Corporate general and administrative

     —         —         1,910       1,910  
   

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss) from continuing operations

   $ 8,133     $ 1,897     $ (1,910 )    $ 8,120  
   

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation and amortization

   $ 1,301     $ 341     $ 57     $ 1,699  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

                                 
    Radio     Television     Corporate
and Other		     Consolidated  
   

(In thousands)

  

Three Months Ended September 30, 2011:

                                

Net operating revenue

   $ 27,885     $ 4,142     $ —       $ 32,027  

Station operating expense

     20,029       2,910       —         22,939  

Corporate general and administrative

     —         —         1,965       1,965  
   

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss) from continuing operations

   $ 7,856     $ 1,232     $ (1,965 )    $ 7,123  
   

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation and amortization

   $ 1,385     $ 339     $ 60     $ 1,784  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

                                         
    Radio     Television     Corporate
and Other		     Assets Held
For Sale		     Consolidated  
    (In thousands)  

Nine Months Ended September 30, 2012:

                                        

Net operating revenue

   $ 81,180     $ 13,538     $ —               $ 94,718  

Station operating expense

     57,641       9,057       —                 66,698  

Corporate general and administrative

     —         —         5,799               5,799  
   

 

 

    

 

 

    

 

 

            

 

 

  

Operating income (loss) from continuing operations

   $ 23,539     $ 4,481     $ (5,799 )            $ 22,221  
   

 

 

    

 

 

    

 

 

            

 

 

  

Depreciation and amortization

   $ 3,872     $ 1,026     $ 170             $ 5,068  
   

 

 

    

 

 

    

 

 

            

 

 

  

Total assets

   $ 149,346     $ 23,213     $ 21,612     $ 2,942     $ 197,113  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                         
    Radio     Television     Corporate
and Other		     Assets Held
For Sale		     Consolidated  
    (In thousands)  

Nine Months Ended September 30, 2011:

                                        

Net operating revenue

   $ 81,002     $ 12,037     $ —               $ 93,039  

Station operating expense

     59,311       8,778       —                 68,089  

Corporate general and administrative

     —         —         5,854               5,854  
   

 

 

    

 

 

    

 

 

            

 

 

  

Operating income (loss) from continuing operations

   $ 21,691     $ 3,259     $ (5,854 )            $ 19,096  
   

 

 

    

 

 

    

 

 

            

 

 

  

Depreciation and amortization

   $ 4,072     $ 976     $ 173             $ 5,221  
   

 

 

    

 

 

    

 

 

            

 

 

  

Total assets

   $ 150,581     $ 23,739     $ 14,699     $ 3,171     $ 192,190