Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

v3.8.0.1
SEGMENT DATA (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Data
The table below presents financial information for each operating segment as of March 31, 2018 and 2017 based on the new composition of our operating segments:
 
 
 
Broadcast
 
Digital
Media
 
Publishing
 
Unallocated
Corporate
Expenses
 
Consolidated
 
 
 
(Dollars in thousands)
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
48,050
 
$
10,394
 
$
5,351
 
$
—
 
$
63,795
 
Operating expenses
 
 
35,750
 
 
8,374
 
 
5,587
 
 
3,921
 
 
53,632
 
Net operating income (loss) before depreciation, amortization and net loss on the sale or disposal of assets
 
$
12,300
 
$
2,020
 
$
(236)
 
$
(3,921)
 
$
10,163
 
Depreciation
 
 
1,858
 
 
802
 
 
131
 
 
218
 
 
3,009
 
Amortization
 
 
10
 
 
1,225
 
 
243
 
 
—
 
 
1,478
 
Net loss on the sale or disposal of assets
 
 
5
 
 
—
 
 
—
 
 
—
 
 
5
 
Net operating income (loss)
 
$
10,427
 
$
(7)
 
$
(610)
 
$
(4,139)
 
$
5,671
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
47,804
 
$
10,686
 
$
6,490
 
$
—
 
$
64,980
 
Operating expenses
 
 
35,836
 
 
8,702
 
 
6,351
 
 
5,125
 
 
56,014
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration, impairment and net (gain) loss on the sale or disposal of assets
 
$
11,968
 
$
1,984
 
$
139
 
$
(5,125)
 
$
8,966
 
Depreciation
 
 
1,819
 
 
777
 
 
194
 
 
190
 
 
2,980
 
Amortization
 
 
17
 
 
818
 
 
307
 
 
—
 
 
1,142
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
1
 
 
—
 
 
—
 
 
1
 
Impairment of indefinite-lived long-term assets other than goodwill
 
 
—
 
 
—
 
 
19
 
 
—
 
 
19
 
Net (gain) loss on the sale or disposal of assets
 
 
(2)
 
 
—
 
 
7
 
 
—
 
 
5
 
Net operating income (loss)
 
$
10,134
 
$
388
 
$
(388)
 
$
(5,315)
 
$
4,819
 
 
 
 
Broadcast
 
Digital
Media
 
Publishing
 
Unallocated
Corporate
 
Consolidated
 
 
 
(Dollars in thousands)
 
As of March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
—
 
$
337
 
$
471
 
$
—
 
$
808
 
Property and equipment, net
 
 
83,825
 
 
6,123
 
 
1,116
 
 
7,589
 
 
98,653
 
Broadcast licenses
 
 
380,693
 
 
—
 
 
—
 
 
—
 
 
380,693
 
Goodwill
 
 
3,581
 
 
20,947
 
 
1,888
 
 
8
 
 
26,424
 
Other indefinite-lived intangible assets
 
 
—
 
 
—
 
 
313
 
 
—
 
 
313
 
Amortizable intangible assets, net
 
 
340
 
 
8,577
 
 
2,704
 
 
5
 
 
11,626
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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