Salem Media Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2012

Management uses operating income before depreciation, amortization, impairments of indefinite-lived intangible assets, (gain) loss on disposal of assets, and costs of denied towers, abandoned projects and terminated transactions as its measure of profitability for purposes of assessing performance and allocating resources.


	Radio Broadcast			Internet			Publishing			Corporate			Consolidated
	(Dollars in thousands)
Year Ended December 31, 2012
Net revenue	$	183,180		$	33,474		$	12,525		$	—		$	229,179
Operating expenses		120,772			25,145			12,288			18,892			177,097

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on disposal of assets	$	62,408		$	8,329		$	237		$	(18,892	)	$	52,082

Depreciation		8,274			2,438			423			1,208			12,343
Amortization		105			2,189			8			2			2,304
Impairment of long-lived assets		6,808			—			88			—			6,896
(Gain) loss on disposal of assets		84			(76	)		—			41			49

Operating income (loss)	$	47,137		$	3,778		$	(282	)	$	(20,143	)	$	30,490


Year Ended December 31, 2011
Net revenue	$	178,731		$	27,304		$	12,131		$	—		$	218,166
Operating expenses		115,482			20,889			11,475			17,503			165,349

Operating income (loss) before depreciation, amortization and (gain) loss on disposal of assets	$	63,249		$	6,415		$	656		$	(17,503	)	$	52,817

Depreciation		8,834			2,139			308			1,239			12,520
Amortization		136			2,186			127			2			2,451
(Gain) loss on disposal of assets		(4,332	)		(11	)		23			167			(4,153	)

Operating income (loss)	$	58,611		$	2,101		$	198		$	(18,911	)	$	41,999


Year Ended December 31, 2010
Net revenue	$	174,933		$	20,104		$	11,421		$	—		$	206,458
Operating expenses		110,421			16,722			11,226			16,613			154,982

Operating income (loss) before depreciation, amortization and (gain) loss on disposal of assets	$	64,512		$	3,382		$	195		$	(16,613	)	$	51,476

Depreciation		9,391			1,771			263			1,145			12,570
Amortization		102			1,637			274			5			2,018
(Gain) loss on disposal of assets		(10	)		7			55			203			255

Operating income (loss)	$	55,029		$	(33	)	$	(397	)	$	(17,966	)	$	36,633


	Radio Broadcast		Internet		Publishing		Corporate		Consolidated
	(Dollars in thousands)
As of December 31, 2012
Property, plant and equipment, net	$	82,972	$	6,309	$	1,271	$	8,915	$	99,467
Broadcast licenses		373,720		—		—		—		373,720
Goodwill		3,881		17,157		1,337		8		22,383
Other indefinite-lived intangible assets		—		—		1,873		—		1,873
Amortizable intangible assets, net		106		8,634		11		2		8,753
As of December 31, 2011
Total 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.

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