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, 2021
Mar. 31, 2020
Total net revenue $ 59,353 $ 58,250
Operating expenses:    
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $180 and $3 for the three months ended March 31, 2020 and 2021, respectively, paid to related parties) 4,288 4,210
Depreciation 2,589 2,713
Amortization 581 987
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 0 307
Net (gain) loss on the disposition of assets 318 79
Total operating expenses 54,997 76,260
Operating income (loss) 4,356 (18,010)
Other income (expense):    
Interest income 1  
Interest expense (3,926) (4,032)
Gain on early retirement of long-term debt   49
Net miscellaneous income and expenses 22 (52)
Net income (loss) before income taxes 453 (22,045)
Provision for income taxes 130 33,159
Net income (loss) $ 323 $ (55,204)
Basic earnings (loss) per share data:    
Basic earnings (loss) per share Class A and Class B common stock $ 0.01 $ (2.07)
Diluted earnings (loss) per share data:    
Diluted earnings (loss) per share Class A and Class B common stock $ 0.01 $ (2.07)
Basic weighted average Class A and Class B shares outstanding 26,736,639 26,683,363
Diluted weighted average Class A and Class B shares outstanding 27,138,773 26,683,363
Broadcast [Member]    
Total net revenue $ 44,048 $ 45,180
Operating expenses:    
Total operating expenses 33,343 37,327
Digital Media [Member]    
Total net revenue 9,619 9,104
Operating expenses:    
Total operating expenses 8,673 8,326
Publishing [Member]    
Total net revenue 5,686 3,966
Operating expenses:    
Total operating expenses $ 5,205 $ 5,062