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SEGMENT INFORMATION
 6 Months Ended
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