Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total net revenue $ 58,250 $ 60,469
Operating expenses:    
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $7 and $180 for the three months ended March 31, 2019 and 2020, respectively, paid to related parties) 4,210 3,871
Depreciation 2,713 2,933
Amortization 987 1,296
Change in the estimated fair value of contingent earn-out consideration (5)  
Impairment of indefinite-lived long-term assets other than goodwill 17,254  
Impairment of goodwill 307  
Net (gain) loss on the disposition of assets 79 4,024
Total operating expenses 76,260 61,453
Operating loss (18,010) (984)
Other income (expense):    
Interest income   1
Interest expense (4,032) (4,425)
Gain on early retirement of long-term debt 49 426
Net miscellaneous income and expenses (52) 1
Net loss before income taxes (22,045) (4,981)
Provision for (benefit from) income taxes 33,159 (5,303)
Net income (loss) $ (55,204) $ 322
Basic earnings (loss) per share data:    
Basic earnings (loss) per share Class A and Class B common stock $ (2.07) $ 0.01
Diluted earnings (loss) per share data:    
Diluted earnings (loss) per share Class A and Class B common stock $ (2.07) $ 0.01
Basic weighted average Class A and Class B shares outstanding 26,683,363 26,186,112
Diluted weighted average Class A and Class B shares outstanding 26,683,363 26,193,307
Broadcast [Member]    
Total net revenue $ 45,180 $ 46,093
Operating expenses:    
Total operating expenses 37,327 36,449
Digital Media [Member]    
Total net revenue 9,104 10,240
Operating expenses:    
Total operating expenses 8,326 8,058
Publishing [Member]    
Total net revenue 3,966 4,136
Operating expenses:    
Total operating expenses $ 5,062 $ 4,822