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)

9 Months Ended

Sep. 30, 2013

Management uses operating income before depreciation, amortization, impairments and (gain) loss on sale or 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 September 30, 2013
Net revenue	$	46,015		$	9,390	$	3,071		$	—		$	58,476
Operating expenses		30,847			6,644		3,301			4,951			45,743

Operating income (loss) before depreciation, amortization, and (gain) loss on the sale or disposal of assets	$	15,168		$	2,746	$	(230	)	$	(4,951	)	$	12,733

Depreciation		1,986			702		115			286			3,089
Amortization		39			655		1			—			695
(Gain) loss on the sale or disposal of assets		(35	)		—		—			10			(25	)

Operating income (loss) from continuing operations	$	13,178		$	1,389	$	(346	)	$	(5,247	)	$	8,974


Three Months Ended September 30, 2012
Net revenue	$	45,895		$	7,800	$	3,024		$	—		$	56,719
Operating expenses		30,628			5,825		2,980			4,643			44,076

Operating income (loss) before depreciation, amortization, impairments and (gain) loss on the sale or disposal of assets	$	15,267		$	1,975	$	44		$	(4,643	)	$	12,643

Depreciation		2,059			604		109			311			3,083
Amortization		19			473		2			—			494
(Gain) loss on the sale or disposal of assets		588			—		—			(1	)		587

Operating income (loss) from continuing operations	$	12,601		$	898	$	(67	)	$	(4,953	)	$	8,479


Nine Months Ended September 30, 2013
Net revenue	$	136,287		$	29,012	$	8,941		$	—		$	174,240
Operating expenses		91,258			20,372		9,776			15,839			137,245

Operating income (loss) before depreciation, amortization, impairments and (gain) loss on the sale or disposal of assets	$	45,029		$	8,640	$	(835	)	$	(15,839	)	$	36,995

Depreciation		5,923			2,189		349			852			9,313
Amortization		117			1,954		5			—			2,076
Impairment of indefinite-lived long- term assets other than goodwill		—			—		345			—			345
Impairment of goodwill		—			—		438			—			438
(Gain) loss on the sale or disposal of assets		(30	)		—		—			10			(20	)

Operating income (loss) from continuing operations	$	39,019		$	4,497	$	(1,972	)	$	(16,701	)	$	24,843


Nine Months Ended September 30, 2012
Net revenue	$	136,224		$	23,269	$	9,136		$	—		$	168,629
Operating expenses		90,289			17,858		8,951			14,314			131,412

Operating income (loss) before depreciation, amortization, impairments and (gain) loss on the sale or disposal of assets	$	45,935		$	5,411	$	185		$	(14,314	)	$	37,217

Depreciation		6,194			1,746		305			905			9,150
Amortization		86			1,531		7			1			1,625
Impairment of long-lived assets		5,608			—		—			—			5,608
(Gain) loss on the sale or disposal of assets		553			7		—			3			563

Operating income (loss) from continuing operations	$	33,494		$	2,127	$	(127	)	$	(15,223	)	$	20,271


	Radio Broadcast		Internet		Publishing		Corporate		Consolidated
	(Dollars in thousands)
As of September 30, 2013
Property, plant and equipment, net	$	82,368	$	6,375	$	1,451	$	8,565	$	98,759
Broadcast licenses		381,836		—		—		—		381,836
Goodwill		3,917		17,178		899		8		22,002
Other indefinite-lived intangible assets		—		—		1,528		—		1,528
Amortizable intangible assets, net		698		7,424		12		2		8,136

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