Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

During 2015, as a result of the LIN Merger discussed in Note 2, the Company began assessing and internally reporting financial information for the broadcast business and the digital business separately. As a result, we now have two reportable operating segments, “Broadcast” and “Digital” that are disclosed separately from our corporate activities. The Broadcast segment includes 71 television stations that are either owned, operated or serviced by the Company in 48 U.S. markets, all of which are engaged principally in the sale of television advertising. The Digital segment includes the operating results of the digital companies (LIN Digital, LIN Mobile, HYFN, Dedicated Media, BiteSize TV, and Federated Media) as well as the business operations related to the television station companion websites. Unallocated corporate expenses primarily include costs to operate as a public company and to operate corporate locations.

The Company identifies operating segments based on how the chief operating decision maker (“CODM”) allocates resources, assesses performance and makes decisions. The CODM is the President, and Chief Executive Officer. The CODM evaluates performance and allocates resources based on operating income or loss for the Broadcast and Digital segments, excluding non-segment expenses.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2015		2014		2015		2014
Revenues
Broadcast	$	284,102	$	148,156	$	550,586	$	287,150
Digital	36,421		5,955		66,671		10,879
Revenues	$	320,523	$	154,111	$	617,257	$	298,029

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2015			2014			2015			2014
Operating income
Broadcast	$	96,165		$	54,935		$	176,986		$	100,905
Digital	(909		)	1,481			(3,100		)	1,519
Segment operating income	95,256			56,416			173,886			102,424
Corporate and other expenses	(12,366		)	(7,633		)	(25,017		)	(14,211		)
Depreciation and amortization	(42,618		)	(16,440		)	(82,901		)	(32,635		)
Gain (loss) related to property and equipment, net	196			(992		)	424			(221		)
Merger-related expenses and restructuring expenses	(3,616		)	(9,314		)	(8,893		)	(14,066		)
Operating income	$	36,852		$	22,037		$	57,499		$	41,291

(in thousands)	June 30, 2015		December 31, 2014
Assets
Broadcast	$	3,991,242	$	4,062,428
Digital	360,181		373,718
Segment assets	4,351,423		4,436,146
Corporate	217,365		317,055
Total assets	$	4,568,788	$	4,753,201