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, 2013

Management uses operating income before depreciation, amortization, impairments, (gain) loss on the sale or 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)
Year Ended December 31, 2013
Net revenue	$	183,697		$	40,906		$	12,331		$	—		$	236,934
Operating expenses		122,862			28,378			13,289			21,430			185,959

Operating income (loss) before depreciation, amortization, impairment of long-lived assets and (gain) loss on the sale or disposal of assets	$	60,835		$	12,528		$	(958	)	$	(21,430	)	$	50,975

Depreciation		7,934			2,904			444			1,166			12,448
Amortization		154			2,654			6			—			2,814
Impairment of indefinite-lived long-term assets other than goodwill		—			—			1,006			—			1,006
Impairment of goodwill		—			—			438			—			438
(Gain) loss on the sale or disposal of assets		(274	)		—			—			10			(264	)

Operating income (loss)	$	53,021		$	6,970		$	(2,852	)	$	(22,606	)	$	34,533

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 the sale or 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 indefinite-lived long-term assets other than goodwill		—			—			88			—			88
Impairment of long-lived assets		6,808			—			—			—			6,808
(Gain) loss on the sale or 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, impairment of long-lived assets and (gain) loss on the sale or 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 the sale or disposal of assets		(4,332	)		(11	)		23			167			(4,153	)

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


	Radio Broadcast			Internet			Publishing			Corporate			Consolidated
	(Dollars in thousands)
As of December 31, 2013
Property, plant and equipment, net	$	82,457		$	6,402		$	1,596		$	8,473		$	98,928
Broadcast licenses		381,836			—			—			—			381,836
Goodwill		3,917			17,550			899			8			22,374
Other indefinite-lived intangible assets		—			—			868			—			868
Amortizable intangible assets, net		661			8,119			11			2			8,793
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