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 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total net revenue $ 52,871 $ 64,680 $ 111,121 $ 125,149
Operating expenses:        
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $60 and $0 for the three months ended June 30, 2019 and 2020, respectively, and $67 and $180 for the six months ended June 30, 2019 and 2020, respectively, paid to related parties) 3,850 4,332 8,060 8,203
Depreciation 2,718 2,852 5,431 5,785
Amortization 840 1,124 1,827 2,420
Change in the estimated fair value of contingent earn-out consideration 3 0 (2) 0
Impairment of indefinite-lived long-term assets other than goodwill 0 0 17,254 0
Impairment of goodwill 0 0 307 0
Net (gain) loss on the disposition of assets 34 (357) 113 3,667
Total operating expenses 53,759 59,079 130,019 120,532
Operating income (loss) (888) 5,601 (18,898) 4,617
Other income (expense):        
Interest income 0 0 0 1
Interest expense (4,013) (4,371) (8,045) (8,796)
Gain on early retirement of long-term debt 0 0 49 426
Net miscellaneous income and (expenses) 6 18 (46) 19
Net income (loss) before income taxes (4,895) 1,248 (26,940) (3,733)
Provision for (benefit from) income taxes (2,380) 4,892 30,779 (411)
Net loss $ (2,515) $ (3,644) $ (57,719) $ (3,322)
Basic loss per share data:        
Basic loss per share $ (0.09) $ (0.14) $ (2.16) $ (0.13)
Diluted loss per share data:        
Diluted loss per share $ (0.09) $ (0.14) $ (2.16) $ (0.13)
Basic weighted average shares outstanding 26,683,363 26,525,564 26,683,363 26,355,838
Diluted weighted average shares outstanding 26,683,363 26,525,564 26,683,363 26,355,838
Broadcast [Member]        
Total net revenue $ 39,470 $ 49,082 $ 84,650 $ 95,175
Operating expenses:        
Total operating expenses 33,094 37,707 70,421 74,156
Digital Media [Member]        
Total net revenue 9,443 9,960 18,547 20,200
Operating expenses:        
Total operating expenses 7,653 7,648 15,979 15,706
Publishing [Member]        
Total net revenue 3,958 5,638 7,924 9,774
Operating expenses:        
Total operating expenses $ 5,567 $ 5,773 $ 10,629 $ 10,595