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, 2013

Management uses operating income before depreciation, amortization, impairments and (gain) loss on disposal of assets, as its measure of profitability for purposes of assessing performance and allocating resources.


	Radio Broadcast			Internet		Publishing			Corporate			Consolidated
	(Dollars in thousands)
Three Months Ended June 30, 2013
Net revenue	$	47,025		$	9,906	$	3,205		$	—		$	60,136
Operating expenses		30,844			6,887		3,452			5,092			46,275

Operating income (loss) before depreciation, amortization, impairments, and (gain) loss on disposal of assets	$	16,181		$	3,019	$	(247	)	$	(5,092	)	$	13,861

Depreciation		1,964			744		118			276			3,102
Amortization		43			643		2			—			688
Impairment of indefinite-lived long-term assets other than goodwill		—			—		345			—			345
Impairment of goodwill		—			—		438			—			438
(Gain) loss on disposal of assets		1			—		—			—			1

Operating income (loss) from continuing operations	$	14,173		$	1,632	$	(1,150	)	$	(5,368	)	$	9,287

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, impairments 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
Loss on disposal of assets		144			—		—			1			145

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

Six Months Ended June 30, 2013
Net revenue	$	90,272		$	19,622	$	5,870		$	—		$	115,764
Operating expenses		60,411			13,728		6,475			10,888			91,502

Operating income (loss) before depreciation, amortization, impairments and (gain) loss on disposal of assets	$	29,861		$	5,894	$	(605	)	$	(10,888	)	$	24,262

Depreciation		3,937			1,487		234			566			6,224
Amortization		78			1,299		4			—			1,381
Impairment of indefinite-lived long term assets other than goodwill		—			—		345			—			345
Impairment of goodwill		—			—		438			—			438
Loss on disposal of assets		5			—		—			—			5

Operating income (loss) from continuing operations	$	25,841		$	3,108	$	(1,626	)	$	(11,454	)	$	15,869

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, impairments 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


	Radio Broadcast			Internet		Publishing			Corporate			Consolidated
	(Dollars in thousands)
As of June 30, 2013
Property, plant and equipment, net	$	82,935		$	6,247	$	1,377		$	8,810		$	99,369
Broadcast licenses		381,586			—		—			—			381,586
Goodwill		3,917			17,157		899			8			21,981
Other indefinite-lived intangible assets		—			—		1,873			—			1,528
Amortizable intangible assets, net		737			7,361		9			2			8,109
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

- 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