Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2013

Management uses operating income before depreciation, amortization, impairments of long-lived assets and (gain) loss on disposal of assets, as its measure of profitability for purposes of assessing performance and allocating resources.


	Radio Broadcast			Internet		Publishing			Corporate			Consolidated
	(Dollars in thousands)
Three Months Ended March 31, 2013
Net revenue	$	43,247		$	9,716	$	2,665		$	—		$	55,628
Operating expenses		29,567			6,841		3,023			5,796			45,227

Operating income (loss) before depreciation, amortization and (gain) loss on disposal of assets	$	13,680		$	2,875	$	(358	)	$	(5,796	)	$	10,401

Depreciation		1,973			743		116			290			3,122
Amortization		35			656		2			—			693
(Gain) loss on disposal of assets		4			—		—			—			4

Operating income (loss) from continuing operations	$	11,668		$	1,476	$	(476	)	$	(6,086	)	$	6,582

Three Months Ended March 31, 2012
Net revenue	$	43,957		$	7,434	$	2,893		$	—		$	54,284
Operating expenses		29,142			5,924		2,971			4,867			42,904

Operating income (loss) before depreciation, amortization and (gain) loss on disposal of assets	$	14,815		$	1,510	$	(78	)	$	(4,867	)	$	11,380

Depreciation		2,078			569		96			287			3,030
Amortization		35			551		2			1			589
(Gain) loss on disposal of assets		(179	)		7		—			3			(169	)

Operating income (loss) from continuing operations	$	12,881		$	383	$	(176	)	$	(5,158	)	$	7,930


	Radio Broadcast		Internet		Publishing		Corporate		Consolidated
	(Dollars in thousands)
As of March 31, 2013
Property, plant and equipment, net	$	83,102	$	6,215	$	1,273	$	8,899	$	99,489
Broadcast licenses		381,582		—		—		—		381,582
Goodwill		3,917		17,157		1,337		8		22,419
Other indefinite-lived intangible assets		—		—		1,873		—		1,873
Amortizable intangible assets, net		780		7,999		10		2		8,791

As of December 31, 2012
Property, plant and equipment, net	$	82,972	$	6,309	$	1,271	$	8,915	$	99,467
Broadcast licenses		373,720		—		—		—		373,720
Goodwill		3,881		17,157		1,337		8		22,383
Other indefinite-lived intangible assets		—		—		1,873		—		1,873
Amortizable intangible assets, net		106		8,634		11		2		8,753

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details