Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

v3.7.0.1
SEGMENT DATA (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Data
The table below presents financial information for each operating segment as of June 30, 2017 and 2016 based on the new composition of our operating segments:
 
 
 
 
 
 
 
 
 
Unallocated
 
 
 
 
 
 
 
Digital
 
 
 
Corporate
 
 
 
 
 
Broadcast
 
Media
 
Publishing
 
Expenses
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
49,251
 
$
10,866
 
$
5,995
 
$
—
 
$
66,112
 
Operating expenses
 
 
35,931
 
 
8,370
 
 
5,668
 
 
3,825
 
 
53,794
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration, impairments and (gain) loss on disposal of assets
 
$
13,320
 
$
2,496
 
$
327
 
$
(3,825)
 
$
12,318
 
Depreciation
 
 
1,929
 
 
820
 
 
162
 
 
198
 
 
3,109
 
Amortization
 
 
18
 
 
816
 
 
308
 
 
1
 
 
1,143
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
(43)
 
 
—
 
 
—
 
 
(43)
 
Impairment of indefinite-lived long-term assets other than goodwill
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
Net gain on disposal of assets
 
 
(494)
 
 
—
 
 
(16)
 
 
—
 
 
(510)
 
Net operating income (loss)
 
$
11,867
 
$
903
 
$
(127)
 
$
(4,024)
 
$
8,619
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
49,971
 
$
11,047
 
$
6,761
 
$
—
 
$
67,779
 
Operating expenses
 
 
35,871
 
 
8,619
 
 
6,983
 
 
3,568
 
 
55,041
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration, impairment losses and (gain) loss on disposal of assets
 
$
14,100
 
$
2,428
 
$
(222)
 
$
(3,568)
 
$
12,738
 
Depreciation
 
 
1,815
 
 
785
 
 
165
 
 
217
 
 
2,982
 
Amortization
 
 
23
 
 
1,093
 
 
72
 
 
1
 
 
1,189
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
(36)
 
 
(98)
 
 
—
 
 
(134)
 
Impairment of long-lived assets
 
 
700
 
 
—
 
 
—
 
 
—
 
 
700
 
Net (gain) loss on disposal of assets
 
 
(1,721)
 
 
20
 
 
(3)
 
 
3
 
 
(1,701)
 
Net operating income (loss)
 
$
13,283
 
$
566
 
$
(358)
 
$
(3,789)
 
$
9,702
 
 
 
 
 
 
 
 
 
 
Unallocated
 
 
 
 
 
 
 
Digital
 
 
 
Corporate
 
 
 
 
 
Broadcast
 
Media
 
Publishing
 
Expenses
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
97,055
 
$
21,552
 
$
12,485
 
$
—
 
$
131,092
 
Operating expenses
 
 
71,767
 
 
17,072
 
 
12,019
 
 
8,950
 
 
109,808
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration, impairments and (gain) loss on disposal of assets
 
$
25,288
 
 
4,480
 
$
466
 
$
(8,950)
 
$
21,284
 
Depreciation
 
 
3,748
 
 
1,597
 
 
356
 
 
388
 
 
6,089
 
Amortization
 
 
35
 
 
1,634
 
 
615
 
 
1
 
 
2,285
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
(42)
 
 
—
 
 
—
 
 
(42)
 
Impairment of indefinite-lived long-term assets other than goodwill
 
 
—
 
 
—
 
 
19
 
 
—
 
 
19
 
Net gain on disposal of assets
 
 
(496)
 
 
—
 
 
(9)
 
 
—
 
 
(505)
 
Net operating income (loss)
 
$
22,001
 
$
1,291
 
$
(515)
 
$
(9,339)
 
$
13,438
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
98,716
 
$
22,057
 
$
11,581
 
$
—
 
$
132,354
 
Operating expenses
 
 
72,021
 
 
17,643
 
 
11,931
 
 
7,781
 
 
109,376
 
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration, impairment losses and (gain) loss on disposal of assets
 
$
26,695
 
$
4,414
 
$
(350)
 
$
(7,781)
 
$
22,978
 
Depreciation
 
 
3,678
 
 
1,552
 
 
315
 
 
429
 
 
5,974
 
Amortization
 
 
45
 
 
2,142
 
 
144
 
 
1
 
 
2,332
 
Change in the estimated fair value of contingent earn-out consideration
 
 
—
 
 
(106)
 
 
(156)
 
 
—
 
 
(262)
 
Impairment of long-lived assets
 
 
700
 
 
—
 
 
—
 
 
—
 
 
700
 
Net (gain) loss on disposal of assets
 
 
(1,542)
 
 
6
 
 
(21)
 
 
6
 
 
(1,551)
 
Net operating income (loss)
 
$
23,814
 
$
820
 
$
(632)
 
$
(8,217)
 
$
15,785
 
 
 
 
 
 
 
 
 
 
Unallocated
 
 
 
 
 
Broadcast
 
Digital Media
 
Publishing
 
Corporate
 
Consolidated
 
 
 
(Dollars in thousands)
 
As of June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
—
 
$
240
 
$
627
 
$
—
 
$
867
 
Property and equipment, net
 
 
85,691
 
 
6,520
 
 
1,379
 
 
8,027
 
 
101,617
 
Broadcast licenses
 
 
388,678
 
 
—
 
 
—
 
 
—
 
 
388,678
 
Goodwill
 
 
3,581
 
 
20,151
 
 
1,888
 
 
8
 
 
25,628
 
Other indefinite-lived intangible assets
 
 
—
 
 
—
 
 
313
 
 
—
 
 
313
 
Amortizable intangible assets, net
 
 
372
 
 
8,373
 
 
3,454
 
 
5
 
 
12,204
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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