Our business segments are based on the organizational structure used by management for making operating and investment decisions and for assessing performance. Our reportable business segments are: (i) broadcasting; (ii); publishing and (iii) corporate. Our broadcasting segment consists of 13 television stations and 35 radio stations in 11 states.  Our publishing segment consists of the Milwaukee Journal Sentinel, which serves as the only major daily newspaper for the Milwaukee metropolitan area, and several community publications in Wisconsin. Our corporate segment consists of unallocated corporate expenses and revenue eliminations.

Our “Corporate” segment reflects unallocated costs primarily related to corporate executive management and corporate governance.

On January 22, 2014, our broadcasting business changed its organizational structure to reflect the group’s focus on its two primary businesses:  Television and Radio.  As of March 30, 2014, we will report Television, Radio, Publishing and Corporate segments.