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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total net revenue $ 60,641 $ 64,116 $ 171,762 $ 189,265
Operating expenses:        
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $27 and $18 for the three months ended September 30, 2019 and 2020, respectively, and $94 and $198 for the nine months ended September 30, 2019 and 2020, respectively, paid to related parties) 3,849 4,183 11,909 12,386
Depreciation 2,677 2,744 8,108 8,529
Amortization 751 1,147 2,578 3,567
Change in the estimated fair value of contingent earn-out consideration (10) (40) (12) (40)
Impairment of indefinite-lived long-term assets other than goodwill 0 1,915 17,254 1,915
Impairment of goodwill 0 0 307 0
Net (gain) loss on the disposition of assets 1,381 17,545 1,494 21,212
Total operating expenses 55,889 78,603 185,908 199,135
Operating income (loss) 4,752 (14,487) (14,146) (9,870)
Other income (expense):        
Interest income 1 0 1 1
Interest expense (4,024) (4,410) (12,069) (13,206)
Gain on early retirement of long-term debt 0 0 49 426
Net miscellaneous income and (expenses) 1 0 (45) 19
Net income (loss) before income taxes 730 (18,897) (26,210) (22,630)
Provision for income taxes 401 1,108 31,180 697
Net income (loss) $ 329 $ (20,005) $ (57,390) $ (23,327)
Basic loss per share data:        
Basic loss per share $ 0.01 $ (0.75) $ (2.15) $ (0.88)
Diluted loss per share data:        
Diluted loss per share $ 0.01 $ (0.75) $ (2.15) $ (0.88)
Basic weighted average shares outstanding 26,683,363 26,616,696 26,683,363 26,442,791
Diluted weighted average shares outstanding 27,791,353 26,616,696 26,683,363 26,442,791
Broadcast [Member]        
Total net revenue $ 45,391 $ 47,679 $ 130,041 $ 142,854
Operating expenses:        
Total operating expenses 34,283 37,310 104,704 111,466
Digital Media [Member]        
Total net revenue 9,808 9,149 28,355 29,349
Operating expenses:        
Total operating expenses 7,144 7,282 23,123 22,988
Publishing [Member]        
Total net revenue 5,442 7,288 13,366 17,062
Operating expenses:        
Total operating expenses $ 5,814 $ 6,517 $ 16,443 $ 17,112