| Venues and | Digital | Consolidated and | ||||||||||||||||||||||||||
| (in thousands) | Events | Sponsorship | Distribution | Other | Corporate | Eliminations | Combined | |||||||||||||||||||||
Three months
ended March 31,
2005 |
||||||||||||||||||||||||||||
Revenue |
$ | 344,368 | $ | 74,613 | $ | 9,862 | $ | 20,497 | $ | — | $ | (4,857 | ) | $ | 444,483 | |||||||||||||
Direct operating
expenses |
285,607 | 26,488 | 393 | 6,960 | — | (4,814 | ) | 314,634 | ||||||||||||||||||||
Selling, general
and administrative
expenses |
66,296 | 45,638 | 749 | 10,363 | — | (15 | ) | 123,031 | ||||||||||||||||||||
Depreciation and
amortization |
2,324 | 11,307 | 76 | 641 | 1,129 | — | 15,477 | |||||||||||||||||||||
Loss (gain) on sale
of operating assets. |
(42 | ) | (129 | ) | — | (183 | ) | (3 | ) | — | (357 | ) | ||||||||||||||||
Corporate expenses |
— | — | — | — | 19,224 | — | 19,224 | |||||||||||||||||||||
Operating income
(loss) |
$ | (9,817 | ) | $ | (8,691 | ) | $ | 8,644 | $ | 2,716 | $ | (20,350 | ) | $ | (28 | ) | $ | (27,526 | ) | |||||||||
Three months ended
June 30, 2005 |
||||||||||||||||||||||||||||
Revenue |
$ | 576,174 | $ | 138,733 | $ | 17,705 | $ | 11,635 | $ | — | $ | (2,556 | ) | $ | 741,691 | |||||||||||||
Direct operating
expenses |
543,237 | 39,897 | 708 | 2,001 | — | (2,525 | ) | 583,318 | ||||||||||||||||||||
Selling, general
and administrative
expenses |
51,782 | 57,331 | 734 | 10,411 | — | (31 | ) | 120,227 | ||||||||||||||||||||
Depreciation and
amortization |
2,187 | 11,288 | 87 | 623 | 1,097 | — | 15,282 | |||||||||||||||||||||
Loss (gain) on sale
of operating assets. |
(68 | ) | (174 | ) | — | 7 | (25 | ) | — | (260 | ) | |||||||||||||||||
Corporate expenses |
— | — | — | — | 7,866 | — | 7,866 | |||||||||||||||||||||
Operating income
(loss) |
$ | (20,964 | ) | $ | 30,391 | $ | 16,176 | $ | (1,407 | ) | $ | (8,938 | ) | $ | — | $ | 15,258 | |||||||||||
Three months ended
September 30, 2005 |
||||||||||||||||||||||||||||
Revenue |
$ | 732,219 | $ | 215,495 | $ | 29,216 | $ | 23,489 | $ | — | $ | (2,005 | ) | $ | 998,414 | |||||||||||||
Direct operating
expenses |
701,119 | 73,260 | 1,049 | 7,879 | — | (2,027 | ) | 781,280 | ||||||||||||||||||||
Selling, general
and administrative
expenses |
52,620 | 56,777 | 884 | 17,881 | — | (21 | ) | 128,141 | ||||||||||||||||||||
Depreciation and
amortization |
2,566 | 11,646 | 63 | 456 | 902 | — | 15,633 | |||||||||||||||||||||
Loss (gain) on sale
of operating assets. |
(12 | ) | 203 | — | — | — | — | 191 | ||||||||||||||||||||
Corporate expenses |
— | — | — | — | 11,301 | — | 11,301 | |||||||||||||||||||||
Operating income
(loss) |
$ | (24,074 | ) | $ | 73,609 | $ | 27,220 | $ | (2,727 | ) | $ | (12,203 | ) | $ | 43 | $ | 61,868 | |||||||||||
| Venues and | Digital | Consolidated and | ||||||||||||||||||||||||||
| (in thousands) | Events | Sponsorship | Distribution | Other | Corporate | Eliminations | Combined | |||||||||||||||||||||
Three months ended
December 31, 2005 |
||||||||||||||||||||||||||||
Revenue |
$ | 613,524 | $ | 106,920 | $ | 15,793 | $ | 17,801 | $ | — | $ | (1,781 | ) | $ | 752,257 | |||||||||||||
Direct operating
expenses |
580,884 | 38,212 | 909 | 13,474 | — | (1,786 | ) | 631,693 | ||||||||||||||||||||
Selling, general
and administrative
expenses |
82,130 | 60,794 | 786 | 3,806 | — | (8 | ) | 147,508 | ||||||||||||||||||||
Depreciation and
amortization |
2,554 | 14,361 | 52 | 395 | 868 | — | 18,230 | |||||||||||||||||||||
Loss (gain) on sale
of operating assets. |
2,283 | (5 | ) | — | 914 | 2,093 | — | 5,285 | ||||||||||||||||||||
Corporate expenses |
— | — | — | — | 12,324 | — | 12,324 | |||||||||||||||||||||
Operating income
(loss) |
$ | (54,327 | ) | $ | (6,442 | ) | $ | 14,046 | $ | (788 | ) | $ | (15,285 | ) | $ | 13 | $ | (62,783 | ) | |||||||||
Year ended December
31, 2005 |
||||||||||||||||||||||||||||
Revenue |
$ | 2,266,285 | $ | 535,761 | $ | 72,576 | $ | 73,422 | $ | — | $ | (11,199 | ) | $ | 2,936,845 | |||||||||||||
Direct operating
expenses |
2,110,847 | 177,857 | 3,059 | 30,314 | — | (11,152 | ) | 2,310,925 | ||||||||||||||||||||
Selling, general
and administrative
expenses |
252,828 | 220,540 | 3,153 | 42,461 | — | (75 | ) | 518,907 | ||||||||||||||||||||
Depreciation and
amortization |
9,631 | 48,602 | 278 | 2,115 | 3,996 | — | 64,622 | |||||||||||||||||||||
Loss (gain) on sale
of operating assets. |
2,161 | (105 | ) | — | 738 | 2,065 | — | 4,859 | ||||||||||||||||||||
Corporate expenses |
— | — | — | — | 50,715 | — | 50,715 | |||||||||||||||||||||
Operating income
(loss) |
$ | (109,182 | ) | $ | 88,867 | $ | 66,086 | $ | (2,206 | ) | $ | (56,776 | ) | $ | 28 | $ | (13,183 | ) | ||||||||||