Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Total revenue $ 262,783,000 $ 263,736,000
Operating expenses:    
Unallocated corporate expenses, exclusive of depreciation and amortization shown below (including $238 and $198 for the years ended December 31, 2017 and 2018, respectively, paid to related parties) 15,686,000 16,255,000
Depreciation 12,034,000 12,369,000
Amortization 6,192,000 4,593,000
Change in the estimated fair value of contingent earn-out consideration 76,000 (23,000)
Impairment of indefinite-lived long-term assets other than goodwill 2,870,000 19,000
Net (gain) loss on the disposition of assets 4,653,000 3,905,000
Operating expenses 245,817,000 240,762,000
Operating income 16,966,000 22,974,000
Other income (expense):    
Interest income 5,000 4,000
Interest expense (18,328,000) (16,706,000)
Change in the fair value of interest rate swap   357,000
Gain (loss) on early retirement of long-term debt 648,000 (2,775,000)
Net miscellaneous income and (expenses) (10,000) (80,000)
Income (loss) from operations before income taxes (719,000) 3,774,000
Provision for (benefit from) income taxes 2,473,000 (20,870,000)
Net income (loss) $ (3,192,000) $ 24,644,000
Basic earnings (loss) per share data:    
Basic earnings (loss) per share Class A and Class B common stock $ (0.12) $ 0.94
Diluted earnings (loss) per share data:    
Diluted earnings (loss) per share Class A and Class B common stock (0.12) 0.94
Distributions per share Class A and Class B common stock $ 0.26 $ 0.26
Basic weighted average Class A and Class B shares outstanding 26,179,702 26,068,942
Diluted weighted average Class A and Class B shares outstanding 26,179,702 26,435,757
Broadcast [Member]    
Total revenue $ 198,502,000 $ 196,197,000
Operating expenses:    
Operating expenses 148,614,000 145,494,000
Digital Media [Member]    
Total revenue 42,595,000 43,096,000
Operating expenses:    
Operating expenses 33,296,000 33,675,000
Publishing [Member]    
Total revenue 21,686,000 24,443,000
Operating expenses:    
Operating expenses $ 22,396,000 $ 24,475,000