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SEGMENT INFORMATION:
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
9.  SEGMENT INFORMATION:
 
The Company has four reportable segments: (i) Radio Broadcasting; (ii) Reach Media; (iii) Internet; and (iv) Cable Television. These segments operate in the United States and are consistently aligned with the Company’s management of its businesses and its financial reporting structure.
 
The Radio Broadcasting segment consists of all broadcast results of operations. The Company aggregates the broadcast markets in which it operates into the Radio Broadcasting segment. The Reach Media segment consists of the results of operations for the Tom Joyner Morning Show and Tom Joyner Morning Show related activities and operations of the Syndication One Urban programming network, including the Russ Parr Morning Show, the Yolanda Adams Morning Show, the Rickey Smiley Morning Show, Bishop T.D. Jakes’ “Empowering Moments”, and the Reverend Al Sharpton Show. Effective, January 1, 2013, we consolidated our syndication network programming within Reach Media to leverage that platform to create the leading syndicated radio network targeted to the African-American audience. In connection with the consolidation, we shifted our syndicated programming sales to an internal sales force operating out of Reach Media. The Internet segment includes the results of our online business, including the operations of Interactive One. The Cable Television segment consists of TV One’s results of operations. Corporate/Eliminations/Other represents financial activity associated with our corporate staff and offices and intercompany activity among the four segments.
 
Operating loss or income represents total revenues less operating expenses, depreciation and amortization, and impairment of long-lived assets. Intercompany revenue earned and expenses charged between segments are recorded at fair value and eliminated in consolidation.
 
The accounting policies described in the summary of significant accounting policies in Note 1 – Organization and Summary of Significant Accounting Policies are applied consistently across the segments.
 
Detailed segment data for the three and nine month periods ended September 30, 2013 and 2012, is presented in the following tables:
 
 
 
Three Months Ended September 30,
 
 
 
2013
 
2012
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
Net Revenue:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
59,281
 
$
61,765
 
Reach Media
 
 
16,872
 
 
11,909
 
Internet
 
 
6,125
 
 
4,452
 
Cable Television
 
 
37,786
 
 
33,232
 
Corporate/Eliminations/Other
 
 
(1,673)
 
 
(1,464)
 
Consolidated
 
$
118,391
 
$
109,894
 
 
 
 
 
 
 
 
 
Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
32,034
 
$
33,626
 
Reach Media
 
 
13,701
 
 
11,324
 
Internet
 
 
6,108
 
 
4,888
 
Cable Television
 
 
26,470
 
 
24,983
 
Corporate/Eliminations/Other
 
 
5,002
 
 
3,876
 
Consolidated
 
$
83,315
 
$
78,697
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
1,645
 
$
1,605
 
Reach Media
 
 
310
 
 
292
 
Internet
 
 
588
 
 
795
 
Cable Television
 
 
6,555
 
 
6,707
 
Corporate/Eliminations/Other
 
 
473
 
 
300
 
Consolidated
 
$
9,571
 
$
9,699
 
 
 
 
 
 
 
 
 
Impairment of Long-Lived Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
3,710
 
$
—
 
Reach Media
 
 
—
 
 
—
 
Internet
 
 
—
 
 
—
 
Cable Television
 
 
—
 
 
—
 
Corporate/Eliminations/Other
 
 
—
 
 
—
 
Consolidated
 
$
3,710
 
$
—
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
21,892
 
$
26,534
 
Reach Media
 
 
2,861
 
 
293
 
Internet
 
 
(571)
 
 
(1,231)
 
Cable Television
 
 
4,761
 
 
1,542
 
Corporate/Eliminations/Other
 
 
(7,148)
 
 
(5,640)
 
Consolidated
 
$
21,795
 
$
21,498
 
 
 
 
September 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
(In thousands)
 
Total Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
778,332
 
$
801,340
 
Reach Media
 
 
37,066
 
 
29,492
 
Internet
 
 
32,227
 
 
32,076
 
Cable Television
 
 
505,107
 
 
535,344
 
Corporate/Eliminations/Other
 
 
67,299
 
 
61,943
 
Consolidated
 
$
1,420,031
 
$
1,460,195
 
 
 
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
Net Revenue:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
167,898
 
$
176,094
 
Reach Media
 
 
44,428
 
 
34,008
 
Internet
 
 
17,612
 
 
14,659
 
Cable Television
 
 
111,506
 
 
97,722
 
Corporate/Eliminations/Other
 
 
(4,339)
 
 
(3,795)
 
Consolidated
 
$
337,105
 
$
318,688
 
 
 
 
 
 
 
 
 
Operating Expenses (excluding depreciation, amortization and impairment charges and including stock-based compensation):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
96,666
 
$
103,974
 
Reach Media
 
 
40,147
 
 
34,632
 
Internet
 
 
17,587
 
 
15,250
 
Cable Television
 
 
70,699
 
 
65,893
 
Corporate/Eliminations/Other
 
 
12,945
 
 
12,857
 
Consolidated
 
$
238,044
 
$
232,606
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
4,720
 
$
4,867
 
Reach Media
 
 
950
 
 
886
 
Internet
 
 
1,902
 
 
2,432
 
Cable Television
 
 
19,773
 
 
20,219
 
Corporate/Eliminations/Other
 
 
1,255
 
 
757
 
Consolidated
 
$
28,600
 
$
29,161
 
 
 
 
 
 
 
 
 
Impairment of Long-Lived Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
14,880
 
$
313
 
Reach Media
 
 
—
 
 
—
 
Internet
 
 
—
 
 
—
 
Cable Television
 
 
—
 
 
—
 
Corporate/Eliminations/Other
 
 
—
 
 
—
 
Consolidated
 
$
14,880
 
$
313
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
51,632
 
$
66,940
 
Reach Media
 
 
3,331
 
 
(1,510)
 
Internet
 
 
(1,877)
 
 
(3,023)
 
Cable Television
 
 
21,034
 
 
11,610
 
Corporate/Eliminations/Other
 
 
(18,539)
 
 
(17,409)
 
Consolidated
 
$
55,581
 
$
56,608