Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

v3.8.0.1
SEGMENT DATA (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Data
The table below presents financial information for each operating segment as of December 31, 2017, 2016 and 2015 based on the new composition of our operating segments:
 
 
 
Broadcast
 
Digital
Media
 
Publishing
 
Unallocated
Corporate
 
Consolidated
 
 
 
(Dollars in thousands)
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
196,197
 
$
43,096
 
$
24,443
 
$
—
 
$
263,736
 
Operating expenses
 
 
145,494
 
 
33,675
 
 
24,475
 
 
16,255
 
 
219,899
 
Net operating income (loss) before depreciation, amortization, impairments, change in estimated fair value of contingent earn-out consideration and (gain) loss on the sale or disposal of assets
 
$
50,703
 
$
9,421
 
$
(32)
 
$
(16,255)
 
$
43,837
 
Depreciation
 
 
7,754
 
 
3,166
 
 
644
 
 
805
 
 
12,369
 
Amortization
 
 
56
 
 
3,414
 
 
1,121
 
 
2
 
 
4,593
 
Impairment of indefinite-lived long-term assets other than goodwill
 
 
—
 
 
—
 
 
19
 
 
—
 
 
19
 
Change in estimated fair value of contingent earn-out consideration
 
 
—
 
 
(23)
 
 
—
 
 
—
 
 
(23)
 
(Gain) loss on the sale or disposal of assets
 
 
3,898
 
 
—
 
 
(5)
 
 
12
 
 
3,905
 
Operating income (loss)
 
$
38,995
 
$
2,864
 
$
(1,811)
 
$
(17,074)
 
$
22,974
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
202,016
 
$
46,777
 
$
25,528
 
$
—
 
$
274,321
 
Operating expenses
 
 
146,283
 
 
36,290
 
 
26,209
 
 
14,994
 
 
223,776
 
Net operating income (loss) before depreciation, amortization, impairments, change in estimated fair value of contingent earn-out consideration and (gain) loss on the sale or disposal of assets
 
$
55,733
 
$
10,487
 
$
(681)
 
$
(14,994)
 
$
50,545
 
Depreciation
 
 
7,592
 
 
3,092
 
 
675
 
 
846
 
 
12,205
 
Amortization
 
 
86
 
 
4,304
 
 
680
 
 
1
 
 
5,071
 
Impairment of long-lived assets
 
 
700
 
 
—
 
 
—
 
 
—
 
 
700
 
Impairment of indefinite-lived long-term assets other than goodwill
 
 
6,540
 
 
—
 
 
501
 
 
—
 
 
7,041
 
Impairment of goodwill
 
 
—
 
 
32
 
 
—
 
 
—
 
 
32
 
Impairment of amortizable intangible assets
 
 
—
 
 
8
 
 
—
 
 
—
 
 
8
 
Change in estimated fair value of contingent earn-out consideration
 
 
—
 
 
(146)
 
 
(543)
 
 
—
 
 
(689)
 
(Gain) loss on the sale or disposal of assets
 
 
(2,122)
 
 
236
 
 
(21)
 
 
6
 
 
(1,901)
 
Operating income (loss)
 
$
42,937
 
$
2,961
 
$
(1,973)
 
$
(15,847)
 
$
28,078
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
197,184
 
$
44,761
 
$
23,842
 
$
—
 
$
265,787
 
Operating expenses
 
 
140,819
 
 
35,380
 
 
24,774
 
 
15,146
 
 
216,119
 
Net operating income (loss) before depreciation, amortization, impairments, change in estimated fair value of contingent earn-out consideration and (gain) loss on the sale or disposal of assets
 
$
56,365
 
$
9,381
 
$
(932)
 
$
(15,146)
 
$
49,668
 
Depreciation
 
 
7,726
 
 
3,091
 
 
637
 
 
963
 
 
12,417
 
Amortization
 
 
96
 
 
4,685
 
 
542
 
 
1
 
 
5,324
 
Impairment of goodwill
 
 
439
 
 
—
 
 
—
 
 
—
 
 
439
 
Change in estimated fair value of contingent earn-out consideration
 
 
—
 
 
(478)
 
 
(1,237)
 
 
—
 
 
(1,715)
 
(Gain) loss on the sale or disposal of assets
 
 
219
 
 
11
 
 
(58)
 
 
9
 
 
181
 
Operating income (loss)
 
$
47,885
 
$
2,072
 
$
(816)
 
$
(16,119)
 
$
33,022
 
 
 
 
 
Broadcast
 
Digital
Media
 
Publishing
 
Unallocated
Corporate
 
Consolidated
 
 
 
(Dollars in thousands)
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
—
 
$
313
 
$
417
 
$
—
 
$
730
 
Property and equipment, net
 
 
83,901
 
 
6,173
 
 
1,281
 
 
8,125
 
 
99,480
 
Broadcast licenses
 
 
380,914
 
 
—
 
 
—
 
 
—
 
 
380,914
 
Goodwill
 
 
3,581
 
 
20,947
 
 
1,888
 
 
8
 
 
26,424
 
Other indefinite-lived intangible assets
 
 
—
 
 
—
 
 
313
 
 
—
 
 
313
 
Amortizable intangible assets, net
 
 
351
 
 
9,801
 
 
2,947
 
 
5
 
 
13,104
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
—
 
$
300
 
$
370
 
$
—
 
$
670
 
Property and equipment, net
 
 
86,976
 
 
6,634
 
 
1,779
 
 
7,401
 
 
102,790
 
Broadcast licenses
 
 
388,517
 
 
—
 
 
—
 
 
—
 
 
388,517
 
Goodwill
 
 
3,581
 
 
20,136
 
 
1,888
 
 
8
 
 
25,613
 
Other indefinite-lived intangible assets
 
 
—
 
 
—
 
 
332
 
 
—
 
 
332
 
Amortizable intangible assets, net
 
 
407
 
 
9,927
 
 
4,069
 
 
5
 
 
14,408