| Significant Changes in Our Contract Liabilities |
Significant changes in our contract liabilities balances during the
period are as follows:
|
|
|
|
|
|
|
|
|
| |
|
Short-Term |
|
|
Long-Term |
|
| |
|
(Dollars in
thousands) |
|
|
Balance, beginning of period January 1, 2019
|
|
$ |
11,537 |
|
|
$ |
1,379 |
|
|
Revenue recognized during the period that was included in the
beginning balance of contract liabilities
|
|
|
(3,259 |
) |
|
|
— |
|
|
Additional amounts recognized during the period
|
|
|
5,524 |
|
|
|
347 |
|
|
Revenue recognized during the period that was recorded during the
period
|
|
|
(2,529 |
) |
|
|
— |
|
|
Transfers
|
|
|
308 |
|
|
|
(308 |
) |
|
|
|
|
|
|
|
|
|
|
Balance, end of period March 31, 2019
|
|
$ |
11,581 |
|
|
$ |
1,418 |
|
|
|
|
|
|
|
|
|
|
|
Amount refundable at beginning of period
|
|
$ |
11,410 |
|
|
$ |
1,379 |
|
|
Amount refundable at end of period
|
|
$ |
11,491 |
|
|
$ |
1,418 |
|
|
| Trade and Barter Transactions Expenses |
Trade and barter revenues and expenses were as follows:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
|
|
| |
|
March 31, |
|
| |
|
2018 |
|
|
2019 |
|
|
Net broadcast barter revenue
|
|
$ |
1,691 |
|
|
$ |
1,299 |
|
|
Net digital media barter revenue
|
|
|
45 |
|
|
|
11 |
|
|
Net publishing barter revenue
|
|
|
1 |
|
|
|
—
|
|
|
Net broadcast barter expense
|
|
$ |
1,266 |
|
|
$ |
1,356 |
|
|
Net digital media barter expense
|
|
|
— |
|
|
|
—
|
|
|
Net publishing barter expense
|
|
|
— |
|
|
|
—
|
|
|
| Reconciliation of Revenue from Segments to Consolidated |
The following table presents our revenues disaggregated by revenue
source for each of our three operating segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months
Ended March 31, 2019 |
|
| |
|
Broadcast |
|
|
Digital Media |
|
|
Publishing |
|
|
Consolidated |
|
| |
|
(dollars in
thousands) |
|
|
By Source of Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Block Programming - National
|
|
$ |
12,233 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,233 |
|
|
Block Programming - Local
|
|
|
7,910 |
|
|
|
— |
|
|
|
— |
|
|
|
7,910 |
|
|
Spot Advertising - National
|
|
|
3,900 |
|
|
|
— |
|
|
|
— |
|
|
|
3,900 |
|
|
Spot Advertising - Local
|
|
|
12,062 |
|
|
|
— |
|
|
|
— |
|
|
|
12,062 |
|
|
Infomercials
|
|
|
390 |
|
|
|
— |
|
|
|
— |
|
|
|
390 |
|
|
Network
|
|
|
4,306 |
|
|
|
— |
|
|
|
— |
|
|
|
4,306 |
|
|
Digital Advertising
|
|
|
2,352 |
|
|
|
5,317 |
|
|
|
85 |
|
|
|
7,754 |
|
|
Digital Streaming
|
|
|
161 |
|
|
|
1,011 |
|
|
|
— |
|
|
|
1,172 |
|
|
Digital Downloads and eBooks
|
|
|
— |
|
|
|
1,275 |
|
|
|
162 |
|
|
|
1,437 |
|
|
Subscriptions
|
|
|
274 |
|
|
|
2,084 |
|
|
|
201 |
|
|
|
2,559 |
|
|
Book Sales and e-commerce,
net of estimated sales returns and allowances
|
|
|
37 |
|
|
|
410 |
|
|
|
1,841 |
|
|
|
2,288 |
|
|
Self-Publishing Fees
|
|
|
— |
|
|
|
— |
|
|
|
1,477 |
|
|
|
1,477 |
|
|
Print Advertising
|
|
|
2 |
|
|
|
— |
|
|
|
135 |
|
|
|
137 |
|
|
Other Revenues
|
|
|
2,466 |
|
|
|
143 |
|
|
|
235 |
|
|
|
2,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
46,093 |
|
|
$ |
10,240 |
|
|
$ |
4,136 |
|
|
$ |
60,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Point in Time
|
|
$ |
45,472 |
|
|
$ |
10,225 |
|
|
$ |
4,136 |
|
|
$ |
59,833 |
|
|
Rental Income (1)
|
|
|
621 |
|
|
|
15 |
|
|
|
— |
|
|
|
636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
46,093 |
|
|
$ |
10,240 |
|
|
$ |
4,136 |
|
|
$ |
60,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Rental income is not applicable to ASC Topic 606, but
shown for the purpose of identifying each revenue source presented
in total revenue on our Condensed Consolidated Financial Statements
within this report on Form 10-Q.
|
|