Summary of Continuing Operations by Reportable Segment |
| | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Three Months Ended June 30, 2020 | | | | | | | | National Networks | | International and Other | | Inter-segment eliminations | | Consolidated | Revenues, net | | | | | | | | Advertising | $ | 187,434 | | | $ | 14,810 | | | $ | — | | | $ | 202,244 | | Distribution | 308,416 | | | 146,170 | | | (10,539) | | | 444,047 | | Consolidated revenues, net | $ | 495,850 | | | $ | 160,980 | | | $ | (10,539) | | | $ | 646,291 | | Operating income (loss) | $ | 187,532 | | | $ | (138,973) | | | $ | 243 | | | $ | 48,802 | | Share-based compensation expense | 12,366 | | | 2,869 | | | — | | | 15,235 | | Depreciation and amortization | 8,822 | | | 17,083 | | | — | | | 25,905 | | Impairment charges | — | | | 130,411 | | | — | | | 130,411 | | Restructuring and other related charges | 1,214 | | | 2,293 | | | — | | | 3,507 | | Majority-owned equity investees AOI | — | | | 1,418 | | | — | | | 1,418 | | Adjusted operating income | $ | 209,934 | | | $ | 15,101 | | | $ | 243 | | | $ | 225,278 | |
| | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Three Months Ended June 30, 2019 | | | | | | | | National Networks | | International and Other | | Inter-segment eliminations | | Consolidated | Revenues, net | | | | | | | | Advertising | $ | 219,490 | | | $ | 23,535 | | | $ | (49) | | | 242,976 | | Distribution | 385,249 | | | 155,991 | | | (11,917) | | | 529,323 | | Consolidated revenues, net | $ | 604,739 | | | $ | 179,526 | | | $ | (11,966) | | | $ | 772,299 | | Operating income (loss) | $ | 214,198 | | | $ | (27,284) | | | $ | (16,657) | | | 170,257 | | Share-based compensation expense | 13,821 | | | 2,904 | | | — | | | 16,725 | | Depreciation and amortization | 8,179 | | | 17,714 | | | — | | | 25,893 | | Restructuring and other related charges | 274 | | | 16,888 | | | — | | | 17,162 | | | | | | | | | | Majority-owned equity investees AOI | — | | | 1,608 | | | — | | | 1,608 | | Adjusted operating income | $ | 236,472 | | | $ | 11,830 | | | $ | (16,657) | | | $ | 231,645 | |
| | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Six Months Ended June 30, 2020 | | | | | | | | National Networks | | International and Other | | Inter-segment eliminations | | Consolidated | Revenues, net | | | | | | | | Advertising | $ | 400,660 | | | $ | 34,174 | | | $ | (1) | | | $ | 434,833 | | Distribution | 662,129 | | | 297,299 | | | (13,595) | | | 945,833 | | Consolidated revenues, net | $ | 1,062,789 | | | $ | 331,473 | | | $ | (13,596) | | | $ | 1,380,666 | | Operating income (loss) | $ | 382,756 | | | $ | (158,424) | | | $ | (2,560) | | | $ | 221,772 | | Share-based compensation expense | 24,832 | | | 5,915 | | | — | | | 30,747 | | Depreciation and amortization | 17,211 | | | 35,424 | | | — | | | 52,635 | | Impairment charges | — | | | 130,411 | | | — | | | 130,411 | | Restructuring and other related charges | 2,723 | | | 6,750 | | | — | | | 9,473 | | Majority-owned equity investees AOI | — | | | 2,694 | | | — | | | 2,694 | | Adjusted operating income | $ | 427,522 | | | $ | 22,770 | | | $ | (2,560) | | | $ | 447,732 | |
| | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Six Months Ended June 30, 2019 | | | | | | | | National Networks | | International and Other | | Inter-segment eliminations | | Consolidated | Revenues, net | | | | | | | | Advertising | $ | 458,579 | | | $ | 44,741 | | | $ | (51) | | | $ | 503,269 | | Distribution | 762,279 | | | 305,874 | | | (14,902) | | | 1,053,251 | | Consolidated revenues, net | $ | 1,220,858 | | | $ | 350,615 | | | $ | (14,953) | | | $ | 1,556,520 | | Operating income (loss) | $ | 465,702 | | | $ | (41,031) | | | $ | (9,551) | | | $ | 415,120 | | Share-based compensation expense | 30,090 | | | 6,534 | | | — | | | 36,624 | | Depreciation and amortization | 16,791 | | | 33,158 | | | — | | | 49,949 | | Restructuring and other related charges | 576 | | | 19,923 | | | (695) | | | 19,804 | | Majority-owned equity investees AOI | — | | | 3,188 | | | — | | | 3,188 | | | | | | | | | | Adjusted operating income | $ | 513,159 | | | $ | 21,772 | | | $ | (10,246) | | | $ | 524,685 | |
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