Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2012

Radio Broadcast			Internet			Publishing			Corporate			Consolidated
	(Dollars in thousands)
Three Months Ended June 30, 2012
Net revenue	$	46,372		$	8,035		$	3,219		$	—		$	57,626
Operating expenses		30,519			6,109			3,000			4,804			44,432

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	15,853		$	1,926		$	219		$	(4,804	)	$	13,194

Depreciation		2,057			573			100			307			3,037
Amortization		32			507			3			—			542
Impairment of long-lived assets		5,608			—			—			—			5,608
(Gain) loss on disposal of assets		144			—			—			1			145

Operating income (loss) from continuing operations	$	8,012		$	846		$	116		$	(5,112	)	$	3,862

Three Months Ended June 30, 2011
Net revenue	$	45,406		$	6,890		$	3,144		$	—		$	55,440
Operating expenses		29,054			5,541			2,771			4,204			41,570

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	16,352		$	1,349		$	373		$	(4,204	)	$	13,870

Depreciation		2,210			522			71			314			3,117
Amortization		35			605			42			1			683
(Gain) loss on disposal of assets		—			1			—			149			150

Operating income (loss) from continuing operations	$	14,107		$	221		$	260		$	(4,668	)	$	9,920


	Radio Broadcast			Internet		Publishing			Corporate			Consolidated
	(Dollars in thousands)
Six Months Ended June 30, 2012
Net revenue	$	90,329		$	15,469	$	6,112		$	—		$	111,910
Operating expenses		59,661			12,033		5,971			9,671			87,336

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	30,668		$	3,436	$	141		$	(9,671	)	$	24,574

Depreciation		4,135			1,142		196			594			6,067
Amortization		67			1,058		5			1			1,131
Impairment of long-lived assets		5,608			—		—			—			5,608
(Gain) loss on disposal of assets		(35	)		7		—			4			(24	)

Operating income (loss) from continuing operations	$	20,893		$	1,229	$	(60	)	$	(10,270	)	$	11,792

Six Months Ended June 30, 2011
Net revenue	$	88,136		$	12,482	$	5,985		$	—		$	106,603
Operating expenses		56,856			10,377		5,651			8,755			81,639

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	31,280		$	2,105	$	334		$	(8,755	)	$	24,964

Depreciation		4,488			1,050		137			624			6,299
Amortization		66			1,039		96			1			1,202
(Gain) loss on disposal of assets		(4,540	)		16		—			149			(4,375	)

Operating income (loss) from continuing operations	$	31,266		$	—	$	101		$	(9,529	)	$	21,838


	Radio Broadcast		Internet		Publishing		Corporate		Consolidated
	(Dollars in thousands)
As of June 30, 2012
Property, plant and equipment, net	$	85,929	$	5,897	$	1,305	$	9,210	$	102,341
Broadcast licenses		372,211		—		—		—		372,211
Goodwill		3,878		14,874		1,337		8		20,097
Other indefinite-lived intangible assets		—		—		1,961		—		1,961
Amortizable intangible assets, net		143		5,275		15		3		5,436

As of December 31, 2011
Property, plant and equipment, net	$	95,295	$	5,752	$	1,233	$	8,942	$	111,222
Broadcast licenses		371,420		—		—		—		371,420
Goodwill		3,873		14,874		1,337		8		20,092
Other indefinite-lived intangible assets		—		—		1,961		—		1,961
Amortizable intangible assets, net		211		6,235		19		4		6,469

- 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 + Details