| Significant Changes in Our Contract Liabilities |
Significant changes in our contract liabilities balances during the period are as follows:
|
|
|
Short-Term
|
|
|
Long-Term
|
|
|
|
|
(Dollars in thousands)
|
|
|
Balance, beginning of period January 1, 2019
|
|
$
|
11,537
|
|
|
$
|
1,379
|
|
|
Revenue recognized during the period that was included in the beginning balance of contract liabilities
|
|
|
(7,145
|
)
|
|
|
—
|
|
|
Additional amounts recognized during the period
|
|
|
14,392
|
|
|
|
590
|
|
|
Revenue recognized during the period that was recorded during the period
|
|
|
(9,569
|
)
|
|
|
—
|
|
|
Transfers
|
|
|
162
|
|
|
|
(162
|
)
|
|
Balance, end of period September 30, 2019
|
|
$
|
9,377
|
|
|
$
|
1,807
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount refundable at beginning of period
|
|
$
|
11,410
|
|
|
$
|
1,379
|
|
|
Amount refundable at end of period
|
|
$
|
9,287
|
|
|
$
|
1,807
|
|
|
| Trade and Barter Transactions Expenses |
Trade and barter revenues and expenses were as follows:
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
|
2018
|
|
|
2019
|
|
|
2018
|
|
|
2019
|
|
|
|
|
(Dollars in thousands)
|
|
|
Net broadcast barter revenue
|
|
$
|
1,384
|
|
|
$
|
1,366
|
|
|
$
|
4,915
|
|
|
$
|
4,080
|
|
|
Net digital media barter revenue
|
|
|
—
|
|
|
|
—
|
|
|
|
93
|
|
|
|
—
|
|
|
Net publishing barter revenue
|
|
|
3
|
|
|
|
17
|
|
|
|
10
|
|
|
|
33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net broadcast barter expense
|
|
$
|
1,458
|
|
|
$
|
1,199
|
|
|
$
|
4,211
|
|
|
$
|
3,667
|
|
|
Net digital media barter expense
|
|
|
3
|
|
|
|
—
|
|
|
|
3
|
|
|
|
—
|
|
|
Net publishing barter expense
|
|
|
7
|
|
|
|
5
|
|
|
|
9
|
|
|
|
6
|
|
|
| Reconciliation of Revenue from Segments to Consolidated |
The following table presents our revenues disaggregated by revenue source for each of our three operating segments:
|
|
|
Nine Months Ended September 30, 2019
|
|
|
|
|
Broadcast
|
|
|
Digital Media
|
|
|
Publishing
|
|
|
Consolidated
|
|
|
|
|
(Dollars in thousands)
|
|
|
By Source of Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Block Programming - National
|
|
$
|
36,517
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
36,517
|
|
|
Block Programming - Local
|
|
|
22,867
|
|
|
|
—
|
|
|
|
—
|
|
|
|
22,867
|
|
|
Spot Advertising - National
|
|
|
11,956
|
|
|
|
—
|
|
|
|
—
|
|
|
|
11,956
|
|
|
Spot Advertising - Local
|
|
|
38,467
|
|
|
|
—
|
|
|
|
—
|
|
|
|
38,467
|
|
|
Infomercials
|
|
|
1,091
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,091
|
|
|
Network
|
|
|
13,923
|
|
|
|
—
|
|
|
|
—
|
|
|
|
13,923
|
|
|
Digital Advertising
|
|
|
8,558
|
|
|
|
15,136
|
|
|
|
290
|
|
|
|
23,984
|
|
|
Digital Streaming
|
|
|
557
|
|
|
|
2,947
|
|
|
|
—
|
|
|
|
3,504
|
|
|
Digital Downloads and eBooks
|
|
|
—
|
|
|
|
4,196
|
|
|
|
1,232
|
|
|
|
5,428
|
|
|
Subscriptions
|
|
|
825
|
|
|
|
6,076
|
|
|
|
581
|
|
|
|
7,482
|
|
|
Book Sales and e-commerce, net of estimated sales returns and allowances
|
|
|
294
|
|
|
|
468
|
|
|
|
9,342
|
|
|
|
10,104
|
|
|
Self-Publishing Fees
|
|
|
—
|
|
|
|
—
|
|
|
|
4,258
|
|
|
|
4,258
|
|
|
Print Advertising
|
|
|
25
|
|
|
|
—
|
|
|
|
474
|
|
|
|
499
|
|
|
Other Revenues
|
|
|
7,774
|
|
|
|
526
|
|
|
|
885
|
|
|
|
9,185
|
|
|
|
|
$
|
142,854
|
|
|
$
|
29,349
|
|
|
$
|
17,062
|
|
|
$
|
189,265
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Point in Time
|
|
$
|
141,161
|
|
|
$
|
29,301
|
|
|
$
|
17,062
|
|
|
$
|
187,524
|
|
|
Rental Income (1)
|
|
|
1,693
|
|
|
|
48
|
|
|
|
—
|
|
|
|
1,741
|
|
|
|
|
$
|
142,854
|
|
|
$
|
29,349
|
|
|
$
|
17,062
|
|
|
$
|
189,265
|
|
|
(1)
|
Rental income is not applicable to ASC Topic 606, but shown for the purpose of identifying each revenue source presented in total revenue on our Condensed Consolidated Financial Statements within this report on Form 10-Q.
|
|