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, 2022
Mar. 31, 2021
Total net revenue $ 62,609 $ 59,353
Operating expenses:    
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $3 and $9 for the three months ended March 31, 2021 and 2022, respectively, paid to related parties) 4,810 4,288
Debt modification costs 228 0
Depreciation 2,942 2,589
Amortization 334 581
Change in the estimated fair value of contingent earn-out consideration (5) 0
Net (gain) loss on the disposition of assets (1,735) 318
Total operating expenses 57,635 54,997
Operating income 4,974 4,356
Other income (expense):    
Interest income 0 1
Interest expense (3,394) (3,926)
Loss on early retirement of long-term debt (53) 0
Net miscellaneous income and expenses 1 22
Net income before income taxes 1,528 453
Provision for income taxes (211) 130
Net income $ 1,739 $ 323
Basic earnings per share data:    
Basic earnings per share Class A and Class B common stock $ 0.06 $ 0.01
Diluted earnings per share data:    
Diluted earnings per share Class A and Class B common stock $ 0.06 $ 0.01
Basic weighted average Class A and Class B shares outstanding 27,177,375 26,736,639
Diluted weighted average Class A and Class B shares outstanding 27,610,407 27,138,773
Broadcast Revenue [Member]    
Total net revenue $ 48,432 $ 44,048
Operating expenses:    
Total operating expenses 38,121 33,343
Digital Media [Member]    
Total net revenue 10,300 9,619
Operating expenses:    
Total operating expenses 8,473 8,673
Publishing [Member]    
Total net revenue 3,877 5,686
Operating expenses:    
Total operating expenses $ 4,467 $ 5,205