v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total net revenue $ 64,116 $ 65,528 $ 189,265 $ 195,595
Operating expenses:        
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $41 and $27 for the three months ended September 30, 2018 and 2019, respectively, and $198 and $94 for the nine months ended September 30, 2018 and 2019, respectively, paid to related parties) 4,183 3,987 12,386 11,938
Depreciation 2,744 3,032 8,529 9,076
Amortization 1,147 1,604 3,567 4,558
Change in the estimated fair value of contingent earn-out consideration (40)   (40) 72
Impairment of indefinite-lived long-term assets other than goodwill 1,915   1,915  
Net (gain) loss on the disposition of assets 17,545 (759) 21,212 4,400
Total operating expenses 78,603 59,253 199,135 182,306
Operating income (14,487) 6,275 (9,870) 13,289
Other income (expense):        
Interest income   2 1 4
Interest expense (4,410) (4,507) (13,206) (13,779)
Gain on early retirement of long-term debt     426 234
Net miscellaneous income and (expenses)   1 19 (12)
Net income (loss) before income taxes (18,897) 1,771 (22,630) (264)
Provision for (benefit from) income taxes 1,108 564 697 (132)
Net income (loss) $ (20,005) $ 1,207 $ (23,327) $ (132)
Basic earnings (loss) per share data:        
Basic earnings (loss) per share $ (0.75) $ 0.05 $ (0.88) $ (0.01)
Diluted earnings (loss) per share data:        
Diluted earnings (loss) per share $ (0.75) $ 0.05 $ (0.88) $ (0.01)
Basic weighted average shares outstanding 26,616,696 26,183,910 26,442,791 26,177,565
Diluted weighted average shares outstanding 26,616,696 26,312,194 26,442,791 26,177,565
Broadcast [Member]        
Total net revenue $ 47,679 $ 48,812 $ 142,854 $ 147,425
Operating expenses:        
Total operating expenses 37,310 37,158 111,466 110,151
Digital Media [Member]        
Total net revenue 9,149 10,397 29,349 31,051
Operating expenses:        
Total operating expenses 7,282 8,021 22,988 24,792
Publishing [Member]        
Total net revenue 7,288 6,319 17,062 17,119
Operating expenses:        
Total operating expenses $ 6,517 $ 6,210 $ 17,112 $ 17,319

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