Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total revenue $ 64,680 $ 66,272 $ 125,149 $ 130,067
Operating expenses:        
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $94 and $60 for the three months ended June 30, 2018 and 2019, respectively, and $157 and $67 for the six months ended June 30, 2018 and 2019, respectively, paid to related parties) 4,332 4,030 8,203 7,951
Depreciation 2,852 3,035 5,785 6,044
Amortization 1,124 1,476 2,420 2,954
Change in the estimated fair value of contingent earn-out consideration   72   72
Net (gain) loss on the disposition of assets (357) 5,154 3,667 5,159
Total operating expenses 59,079 64,929 120,532 123,053
Operating income 5,601 1,343 4,617 7,014
Other income (expense):        
Interest income     1 2
Interest expense (4,371) (4,754) (8,796) (9,272)
Gain on early retirement of long-term debt   234 426 234
Net miscellaneous income and (expenses) 18 (88) 19 (13)
Net income (loss) before income taxes 1,248 (3,265) (3,733) (2,035)
Provision for (benefit from) income taxes 4,892 (1,098) (411) (696)
Net loss $ (3,644) $ (2,167) $ (3,322) $ (1,339)
Basic loss per share data:        
Basic loss per share $ (0.14) $ (0.08) $ (0.13) $ (0.05)
Diluted loss per share data:        
Diluted loss per share $ (0.14) $ (0.08) $ (0.13) $ (0.05)
Basic weighted average shares outstanding 26,525,564 26,177,247 26,355,838 26,174,393
Diluted weighted average shares outstanding 26,525,564 26,177,247 26,355,838 26,174,393
Broadcast [Member]        
Total revenue $ 49,082 $ 50,563 $ 95,175 $ 98,613
Operating expenses:        
Total operating expenses 37,707 37,243 74,156 72,993
Digital Media [Member]        
Total revenue 9,960 10,260 20,200 20,654
Operating expenses:        
Total operating expenses 7,648 8,397 15,706 16,771
Publishing [Member]        
Total revenue 5,638 5,449 9,774 10,800
Operating expenses:        
Total operating expenses $ 5,773 $ 5,522 $ 10,595 $ 11,109