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SEGMENT INFORMATION:
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
8.  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, Tom Joyner Morning Show related activities and related activities and operations of the Syndication One Urban programming line-up. 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 months ended March 31, 2014 and 2013, is presented in the following tables:
 
 
 
Three Months Ended March 31,
 
 
 
2014
 
2013
 
 
 
(Unaudited)
 
 
 
(In thousands)
 
Net Revenue:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
49,636
 
$
49,858
 
Reach Media
 
 
16,716
 
 
9,541
 
Internet
 
 
6,444
 
 
5,052
 
Cable Television
 
 
39,693
 
 
35,991
 
Corporate/Eliminations/Other
 
 
(1,417)
 
 
(1,330)
 
Consolidated
 
$
111,072
 
$
99,112
 
 
 
 
 
 
 
 
 
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
31,934
 
$
31,684
 
Reach Media
 
 
16,578
 
 
10,347
 
Internet
 
 
6,290
 
 
5,552
 
Cable Television
 
 
26,391
 
 
20,766
 
Corporate/Eliminations/Other
 
 
4,778
 
 
4,387
 
Consolidated
 
$
85,971
 
$
72,736
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
1,308
 
$
1,553
 
Reach Media
 
 
291
 
 
288
 
Internet
 
 
626
 
 
710
 
Cable Television
 
 
6,542
 
 
6,633
 
Corporate/Eliminations/Other
 
 
503
 
 
367
 
Consolidated
 
$
9,270
 
$
9,551
 
 
 
 
 
 
 
 
 
Impairment of Long-Lived Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
—
 
$
1,370
 
Reach Media
 
 
—
 
 
—
 
Internet
 
 
—
 
 
—
 
Cable Television
 
 
—
 
 
—
 
Corporate/Eliminations/Other
 
 
—
 
 
—
 
Consolidated
 
$
—
 
$
1,370
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Radio Broadcasting
 
$
16,394
 
$
15,251
 
Reach Media
 
 
(153)
 
 
(1,094)
 
Internet
 
 
(472)
 
 
(1,210)
 
Cable Television
 
 
6,760
 
 
8,592
 
Corporate/Eliminations/Other
 
 
(6,698)
 
 
(6,084)
 
Consolidated
 
$
15,831
 
$
15,455
 
 
 
 
March 31, 2014
 
December 31, 2013 (a)
 
 
 
(Unaudited)
 
 
 
 
 
(In thousands)
 
Total Assets:
 
 
 
 
 
 
 
Radio Broadcasting
 
$
803,918
 
$
798,900
 
Reach Media
 
 
34,226
 
 
39,700
 
Internet
 
 
32,496
 
 
34,123
 
Cable Television
 
 
497,868
 
 
495,766
 
Corporate/Eliminations/Other
 
 
37,986
 
 
45,866
 
Consolidated
 
$
1,406,494
 
$
1,414,355
 
 
        (a) The prior year disclosure has been corrected to properly reflect the classification of assets within each reportable segment at December 31, 2013.