| Schedule of Segment Reporting Information, by Segment |
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Three Months Ended
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March 31,
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2020
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2019
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(Unaudited)
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(In thousands)
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Net Revenue:
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Radio Broadcasting
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$
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34,916
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$
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36,749
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Reach Media
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6,689
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6,973
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Digital
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6,289
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7,437
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Cable Television
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47,497
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47,823
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Corporate/Eliminations*
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(516)
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(533)
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Consolidated
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$
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94,875
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$
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98,449
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Operating Expenses (including stock-based compensation and excluding depreciation and amortization and impairment of long-lived assets):
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Radio Broadcasting
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$
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26,391
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$
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27,744
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Reach Media
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5,895
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6,428
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Digital
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7,195
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7,616
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Cable Television
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20,400
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26,175
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Corporate/Eliminations
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6,083
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7,416
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Consolidated
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$
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65,964
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$
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75,379
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Depreciation and Amortization:
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Radio Broadcasting
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$
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741
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$
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869
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Reach Media
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59
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59
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Digital
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488
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461
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Cable Television
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943
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6,575
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Corporate/Eliminations
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317
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310
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Consolidated
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$
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2,548
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$
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8,274
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Impairment of Long-Lived Assets:
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Radio Broadcasting
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$
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53,650
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$
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—
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Reach Media
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—
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—
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Digital
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—
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—
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Cable Television
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—
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—
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Corporate/Eliminations
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—
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—
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Consolidated
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$
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53,650
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$
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—
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Operating (loss) income:
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Radio Broadcasting
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$
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(45,866)
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$
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8,136
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Reach Media
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735
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486
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Digital
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(1,394)
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(640)
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Cable Television
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26,154
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15,073
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Corporate/Eliminations
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(6,916)
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(8,259)
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Consolidated
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$
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(27,287)
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$
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14,796
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* Intercompany revenue included in net revenue above is as follows:
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Radio Broadcasting
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$
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(516)
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$
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(533)
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Capital expenditures by segment are as follows:
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Radio Broadcasting
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$
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963
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$
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221
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Reach Media
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57
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19
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Digital
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197
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318
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Cable Television
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41
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96
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Corporate/Eliminations
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172
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53
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Consolidated
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$
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1,430
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$
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707
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March 31, 2020
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December 31, 2019
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(Unaudited)
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(In thousands)
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Total Assets:
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Radio Broadcasting
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$
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661,161
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$
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721,295
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Reach Media
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42,416
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41,892
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Digital
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19,905
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22,223
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Cable Television
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394,958
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388,465
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Corporate/Eliminations
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105,304
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76,044
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Consolidated
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$
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1,223,744
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$
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1,249,919
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