Segment information for the quarters ended March 31, 2013 and 2012 is as follows: | | | | | | | | | | | | | | | | | | | | (in thousands) | Publishing | | Merchandising | | Broadcasting | | Corporate | | Consolidated | 2013 | | | | | | | | | | Revenues | $ | 24,482 |
| | $ | 11,507 |
| | $ | 1,235 |
| | — |
| | $ | 37,224 |
| Non–cash equity compensation | (144 | ) | | (79 | ) | | (7 | ) | | (353 | ) | | (583 | ) | Depreciation and amortization | (255 | ) | | (15 | ) | | (24 | ) | | (673 | ) | | (967 | ) | Restructuring charges | — |
| | (392 | ) | | — |
| | (131 | ) | | (523 | ) | Gain on sale of subscriber list, net | 2,689 |
| | — |
| | — |
| | — |
| | 2,689 |
| Operating (loss) / income | (990 | ) | | 5,686 |
| | 961 |
| | (8,702 | ) | | (3,045 | ) | 2012 | | | | | | | | | | Revenues | $ | 30,830 |
| | $ | 13,633 |
| | $ | 5,368 |
| | — |
| | $ | 49,831 |
| Non–cash equity compensation | (188 | ) | | (233 | ) | | (16 | ) | | (893 | ) | | (1,330 | ) | Depreciation and amortization | (180 | ) | | (9 | ) | | (113 | ) | | (705 | ) | | (1,007 | ) | Operating (loss) / income | (3,407 | ) | | 9,444 |
| | (1,416 | ) | | (8,803 | ) | | (4,182 | ) |
|