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)

9 Months Ended

Sep. 30, 2012


	Radio Broadcast			Internet			Publishing			Corporate			Consolidated
	(Dollars in thousands)
Three Months Ended September 30, 2012
Net revenue	$	45,895		$	7,800		$	3,024		$	—		$	56,719
Operating expenses		30,628			5,825			2,980			4,643			44,076

Operating income (loss) before depreciation, amortization , impairment of long-lived assets and (gain) loss on disposal of assets	$	15,267		$	1,975		$	44		$	(4,643	)	$	12,643

Depreciation		2,059			604			109			311			3,083
Amortization		19			473			2			—			494
Impairment of long-lived assets		—			—			—			—			—
(Gain) loss on disposal of assets		588			—			—			(1	)		587

Operating income (loss) from continuing operations	$	12,601		$	898		$	(67	)	$	(4,953	)	$	8,479

Three Months Ended September 30, 2011
Net revenue	$	44,793		$	6,686		$	3,024		$	—		$	54,503
Operating expenses		29,198			5,080			2,890			4,285			41,453

Operating income (loss) before depreciation, amortization , impairment of long-lived assets and (gain) loss on disposal of assets	$	15,595		$	1,606		$	134		$	(4,285	)	$	13,050
Depreciation		2,182			519			87			311			3,099
Amortization		35			580			18			—			633
(Gain) loss on disposal of assets		53			(28	)		—			7			32

Operating income (loss) from continuing operations	$	13,325		$	535		$	29		$	(4,603	)	$	9,286

Nine months Ended September 30, 2012
Net revenue	$	136,224		$	23,269		$	9,136		$	—		$	168,629
Operating expenses		90,289			17,858			8,951			14,314			131,412

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	45,935		$	5,411		$	185		$	(14,314	)	$	37,217

Depreciation		6,194			1,746			305			905			9,150
Amortization		86			1,531			7			1			1,625
Impairment of long-lived assets		5,608			—			—			—			5,608
(Gain) loss on disposal of assets		553			7			—			3			563

Operating income (loss) from continuing operations	$	33,494		$	2,127		$	(127	)	$	(15,223	)	$	20,271

Nine months Ended September 30, 2011
Net revenue	$	132,929		$	19,168		$	9,009		$	—		$	161,106
Operating expenses		86,054			15,457			8,541			13,040			123,092

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	46,875		$	3,711		$	468		$	(13,040	)	$	38,014

Depreciation		6,670			1,569			224			935			9,398
Amortization		101			1,619			114			1			1,835
(Gain) loss on disposal of assets		(4,487	)		(12	)		—			156			(4,343	)

Operating income (loss) from continuing operations	$	44,591		$	535		$	130		$	(14,132	)	$	31,124


	Radio Broadcast		Internet		Publishing		Corporate		Consolidated
	(Dollars in thousands)
As of September 30, 2012
Property, plant and equipment, net	$	84,018	$	6,268	$	1,307	$	9,075	$	100,668
Broadcast licenses		373,720		—		—		—		373,720
Goodwill		3,881		16,104		1,337		8		21,330
Other indefinite-lived intangible assets		—		—		1,961		—		1,961
Amortizable intangible assets, net		125		6,343		13		3		6,484

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