|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Revenues: | ||||
| Television | $ 51,902 | $ 60,102 | $ 164,859 | $ 183,534 |
| Online | 38,228 | 33,716 | 113,564 | 99,469 |
| Total revenues | 90,130 | 93,818 | 278,423 | 283,003 |
| Cost of revenues (excluding depreciation and amortization): | ||||
| Television | 20,387 | 22,061 | 61,737 | 65,065 |
| Online | 13,262 | 12,636 | 39,370 | 37,993 |
| Total cost of revenues | 33,649 | 34,697 | 101,107 | 103,058 |
| Operating expenses: | ||||
| Sales and marketing | 15,831 | 16,476 | 51,900 | 46,727 |
| Research and development | 4,305 | 5,501 | 14,564 | 18,599 |
| General and administrative | 11,252 | 13,959 | 32,710 | 40,824 |
| Acquisition, integration and other | 3,677 | 1,379 | 7,364 | 5,556 |
| Depreciation and amortization | 13,626 | 14,542 | 42,361 | 41,403 |
| Goodwill impairment | 208,166 | 208,166 | ||
| Total operating expenses | 48,691 | 260,023 | 148,899 | 361,275 |
| Income (loss) from operations | 7,790 | (200,902) | 28,417 | (181,330) |
| Other expense: | ||||
| Interest expense | 8,446 | 7,835 | 25,842 | 23,766 |
| Interest and other, net | 518 | 346 | 441 | 700 |
| Income (loss) before income taxes | (1,174) | (209,083) | 2,134 | (205,796) |
| Provision (benefit) for income taxes | (308) | 10,644 | 1,530 | 12,134 |
| Income (loss) from continuing operations | (866) | (219,727) | 604 | (217,930) |
| Discontinued operations: | ||||
| Loss from discontinued operations | (1,080) | |||
| Net income (loss) | $ (866) | $ (219,727) | $ 604 | $ (219,010) |
| Basic income (loss) per common share: | ||||
| Continuing operations (in dollars per share) | $ (0.03) | $ (7.96) | $ 0.02 | $ (7.95) |
| Discontinued operations (in dollars per share) | $ (0.04) | |||
| Total (in dollars per share) | $ (0.03) | $ (7.96) | $ 0.02 | $ (7.99) |
| Diluted income (loss) per common share: | ||||
| Continuing operations (in dollars per share) | $ (0.03) | $ (7.96) | $ 0.02 | $ (7.95) |
| Discontinued operations (in dollars per share) | $ (0.04) | |||
| Total (in dollars per share) | $ (0.03) | $ (7.96) | $ 0.02 | $ (7.99) |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 27,941 | 27,600 | 27,791 | 27,423 |
| Diluted (in shares) | 27,941 | 27,600 | 28,302 | 27,423 |