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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | 7. 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 related activities and operations of other syndicated shows. 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 six month periods ended June 30, 2015 and 2014, is presented in the following tables:
|  | Three Months Ended June 30, |
|  | 2015 |  | 2014 |
|  | (Unaudited) |
|  | (In thousands) |
Net Revenue: |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 53,243 |  | $ | 55,773 |
Reach Media |  |  | 18,315 |  |  | 10,099 |
Internet |  |  | 4,516 |  |  | 5,909 |
Cable Television |  |  | 45,594 |  |  | 37,984 |
Corporate/Eliminations/Other |  |  | (1,847) |  |  | (1,351) |
Consolidated |  | $ | 119,821 |  | $ | 108,414 |
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 32,993 |  | $ | 32,781 |
Reach Media |  |  | 16,278 |  |  | 10,343 |
Internet |  |  | 5,205 |  |  | 5,756 |
Cable Television |  |  | 25,572 |  |  | 23,409 |
Corporate/Eliminations/Other |  |  | 6,006 |  |  | 4,539 |
Consolidated |  | $ | 86,054 |  | $ | 76,828 |
Depreciation and Amortization: |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 1,169 |  | $ | 1,283 |
Reach Media |  |  | 268 |  |  | 286 |
Internet |  |  | 473 |  |  | 606 |
Cable Television |  |  | 6,542 |  |  | 6,532 |
Corporate/Eliminations/Other |  |  | 528 |  |  | 529 |
Consolidated |  | $ | 8,980 |  | $ | 9,236 |
Operating income (loss): |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 19,081 |  | $ | 21,709 |
Reach Media |  |  | 1,769 |  |  | (530) |
Internet |  |  | (1,162) |  |  | (453) |
Cable Television |  |  | 13,480 |  |  | 8,043 |
Corporate/Eliminations/Other |  |  | (8,381) |  |  | (6,419) |
Consolidated |  | $ | 24,787 |  | $ | 22,350 |
|  | June 30, 2015 |  | December 31, 2014 |
|  | (Unaudited) |  |  |
|  | (In thousands) |
Total Assets: |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 813,528 |  | $ | 807,760 |
Reach Media |  |  | 38,348 |  |  | 36,376 |
Internet |  |  | 32,071 |  |  | 33,375 |
Cable Television |  |  | 477,729 |  |  | 464,661 |
Corporate/Eliminations/Other |  |  | 22,421 |  |  | 49,522 |
Consolidated |  | $ | 1,384,097 |  | $ | 1,391,694 |
|  | Six Months Ended June 30, |
|  | 2015 |  | 2014 |
|  | (Unaudited) |
|  | (In thousands) |
Net Revenue: |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 98,212 |  | $ | 105,408 |
Reach Media |  |  | 29,022 |  |  | 26,815 |
Internet |  |  | 10,260 |  |  | 12,353 |
Cable Television |  |  | 91,327 |  |  | 77,678 |
Corporate/Eliminations/Other |  |  | (3,237) |  |  | (2,768) |
Consolidated |  | $ | 225,584 |  | $ | 219,486 |
Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets): |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 63,922 |  | $ | 64,715 |
Reach Media |  |  | 24,980 |  |  | 26,921 |
Internet |  |  | 10,915 |  |  | 12,046 |
Cable Television |  |  | 55,361 |  |  | 49,800 |
Corporate/Eliminations/Other |  |  | 11,958 |  |  | 9,317 |
Consolidated |  | $ | 167,136 |  | $ | 162,799 |
Depreciation and Amortization: |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 2,325 |  | $ | 2,591 |
Reach Media |  |  | 532 |  |  | 577 |
Internet |  |  | 1,112 |  |  | 1,232 |
Cable Television |  |  | 13,046 |  |  | 13,074 |
Corporate/Eliminations/Other |  |  | 1,053 |  |  | 1,032 |
Consolidated |  | $ | 18,068 |  | $ | 18,506 |
Operating income (loss): |  |  |  |  |  |  |
Radio Broadcasting |  | $ | 31,965 |  | $ | 38,102 |
Reach Media |  |  | 3,510 |  |  | (683) |
Internet |  |  | (1,767) |  |  | (925) |
Cable Television |  |  | 22,920 |  |  | 14,804 |
Corporate/Eliminations/Other |  |  | (16,248) |  |  | (13,117) |
Consolidated |  | $ | 40,380 |  | $ | 38,181 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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