Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

v3.4.0.3
SEGMENT DATA (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Data
The table below presents financial information for each operating segment as of March 31, 2016 and 2015 based on the composition of our operating segments:
 
 
 
Broadcast
 
Digital
 Media
 
Publishing
 
Unallocated
Corporate
 
Consolidated
 
 
 
(Dollars in thousands)
 
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
48,471
 
$
11,284
 
$
4,820
 
$
—
 
$
64,575
 
Operating expenses
 
 
35,988
 
 
9,186
 
 
4,948
 
 
4,213
 
 
54,335
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and (gain) loss on disposal of assets
 
$
12,483
 
$
2,098
 
$
(128)
 
$
(4,213)
 
$
10,240
 
Depreciation
 
 
1,848
 
 
782
 
 
150
 
 
212
 
 
2,992
 
Amortization
 
 
22
 
 
1,049
 
 
72
 
 
—
 
 
1,143
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
(70)
 
 
(58)
 
 
—
 
 
(128)
 
(Gain) loss on disposal of assets
 
 
179
 
 
(14)
 
 
(18)
 
 
3
 
 
150
 
Net operating income (loss)
 
$
10,434
 
$
351
 
$
(274)
 
$
(4,428)
 
$
6,083
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
46,539
 
$
10,791
 
$
4,526
 
$
—
 
$
61,856
 
Operating expenses
 
 
33,917
 
 
9,000
 
 
4,497
 
 
3,991
 
 
51,405
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and (gain) loss on disposal of assets
 
$
12,622
 
$
1,791
 
$
29
 
$
(3,991)
 
$
10,451
 
Depreciation
 
 
1,951
 
 
776
 
 
168
 
 
277
 
 
3,172
 
Amortization
 
 
23
 
 
1,170
 
 
136
 
 
—
 
 
1,329
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
33
 
 
85
 
 
—
 
 
118
 
(Gain) loss on disposal of assets
 
 
129
 
 
—
 
 
(1)
 
 
1
 
 
129
 
Net operating income (loss)
 
$
10,519
 
$
(188)
 
$
(359)
 
$
(4,269)
 
$
5,703
 
 
 
 
Broadcast
 
Digital
 Media
 
Publishing
 
Unallocated
Corporate
 
Consolidated
 
 
 
(Dollars in thousands)
 
As of March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
—
 
$
461
 
$
410
 
$
—
 
$
871
 
Property and equipment, net
 
 
88,651
 
 
7,205
 
 
1,681
 
 
7,692
 
 
105,229
 
Broadcast licenses
 
 
393,074
 
 
—
 
 
—
 
 
—
 
 
393,074
 
Goodwill
 
 
3,581
 
 
20,151
 
 
1,044
 
 
8
 
 
24,784
 
Other indefinite-lived intangible assets
 
 
—
 
 
—
 
 
833
 
 
—
 
 
833
 
Amortizable intangible assets, net
 
 
469
 
 
11,970
 
 
1,316
 
 
5
 
 
13,760
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
—
 
$
505
 
$
388
 
$
—
 
$
893
 
Property and equipment, net
 
 
88,788
 
 
7,033
 
 
1,742
 
 
7,920
 
 
105,483
 
Broadcast licenses
 
 
393,031
 
 
—
 
 
—
 
 
—
 
 
393,031
 
Goodwill
 
 
3,581
 
 
19,930
 
 
1,044
 
 
8
 
 
24,563
 
Other indefinite-lived intangible assets
 
 
—
 
 
—
 
 
833
 
 
—
 
 
833
 
Amortizable intangible assets, net
 
 
492
 
 
9,599
 
 
1,385
 
 
5
 
 
11,481