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SEGMENT INFORMATION (Tables)

3 Months Ended

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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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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