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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2023
SEGMENT INFORMATION |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2023 |  | 2022
​ | ​ | (Unaudited)
​ | ​ | (In thousands)
​ | ​ | ​ | ​ | ​ | (As Revised)
Net Revenue: |  | ​ |  |  | ​ |
Radio Broadcasting | ​ | $ | 35,180 | ​ | $ | 31,493
Reach Media | ​ |  | 10,917 | ​ |  | 10,030
Digital | ​ |  | 15,071 | ​ |  | 15,486
Cable Television | ​ |  | 49,677 | ​ |  | 56,216
All other - corporate/eliminations* | ​ |  | (976) | ​ |  | (1,094)
Consolidated | ​ | $ | 109,869 | ​ | $ | 112,131
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating Expenses (excluding depreciation and amortization and impairment of goodwill, intangible assets, and long-lived assets): | ​ |  | ​ | ​ |  | ​
Radio Broadcasting | ​ | $ | 26,448 | ​ | $ | 23,618
Reach Media | ​ |  | 7,736 | ​ |  | 6,196
Digital | ​ |  | 11,350 | ​ |  | 10,864
Cable Television | ​ |  | 29,383 | ​ |  | 25,929
All other - corporate/eliminations | ​ |  | 7,460 | ​ |  | 6,658
Consolidated | ​ | $ | 82,377 | ​ | $ | 73,265
​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and Amortization: | ​ |  | ​ | ​ |  | ​
Radio Broadcasting | ​ | $ | 917 | ​ | $ | 815
Reach Media | ​ |  | 40 | ​ |  | 47
Digital | ​ |  | 337 | ​ |  | 333
Cable Television | ​ |  | 965 | ​ |  | 946
All other - corporate/eliminations | ​ |  | 338 | ​ |  | 264
Consolidated | ​ | $ | 2,597 | ​ | $ | 2,405
​ | ​ | ​ | ​ | ​ | ​ | ​
Impairment of Goodwill, Intangible Assets, and Long-Lived Assets: | ​ |  | ​ | ​ |  | ​
Radio Broadcasting | ​ | $ | 16,775 | ​ | $ | —
Reach Media | ​ |  | — | ​ |  | —
Digital | ​ |  | — | ​ |  | —
Cable Television | ​ |  | — | ​ |  | —
All other - corporate/eliminations | ​ |  | — | ​ |  | —
Consolidated | ​ | $ | 16,775 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating income (loss): | ​ |  | ​ | ​ |  | ​
Radio Broadcasting | ​ | $ | (8,960) | ​ | $ | 7,060
Reach Media | ​ |  | 3,141 | ​ |  | 3,787
Digital | ​ |  | 3,384 | ​ |  | 4,289
Cable Television | ​ |  | 19,329 | ​ |  | 29,341
All other - corporate/eliminations | ​ |  | (8,774) | ​ |  | (8,016)
Consolidated | ​ | $ | 8,120 | ​ | $ | 36,461
​ | ​ | ​ | ​ | ​ | ​ | ​
* Intercompany revenue included in net revenue above is as follows: | ​ | ​ | ​ | ​ | ​ | ​
Radio Broadcasting |  | $ | (976) |  | $ | (1,094)
​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures by segment are as follows: |  | ​ | ​ | ​ | ​ | ​
Radio broadcasting |  | $ | 1,015 |  | $ | 640
Reach Media | ​ |  | 34 | ​ |  | 21
Digital | ​ |  | 600 | ​ |  | 225
Cable television | ​ |  | 11 | ​ |  | 383
All other - corporate/eliminations | ​ |  | 349 | ​ |  | 307
Consolidated | ​ | $ | 2,009 | ​ | $ | 1,576
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ |  | March 31, |  | December 31,
​ | ​ | 2023 | ​ | 2022
​ | ​ | (In thousands)
​ | ​ | ​ | ​ | ​ | (As Revised)
Total assets: | ​ | ​ | ​ | ​ | ​ | ​
Radio broadcasting | ​ | $ | 584,446 | ​ | $ | 605,703
Reach Media | ​ |  | 44,228 | ​ |  | 48,936
Digital | ​ |  | 27,334 | ​ |  | 35,766
Cable television | ​ |  | 409,899 | ​ |  | 414,324
All other - corporate/eliminations | ​ |  | 218,564 | ​ |  | 239,917
Consolidated | ​ | $ | 1,284,471 | ​ | $ | 1,344,646
​

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