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Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company has 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 (Federated Media and HYFN) 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)
 
2016
 
2015
 
2016
 
2015
Revenues
 
 
 
 
 
 
 
 
Broadcast
 
$
319,661

 
$
284,102

 
$
625,254

 
$
550,586

Digital
 
43,045

 
36,421

 
80,915

 
66,671

Revenues
 
$
362,706

 
$
320,523

 
$
706,169

 
$
617,257


 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
Operating income
 
 
 
 
 
 
 
Broadcast
$
117,665

 
$
96,165

 
$
221,281

 
$
176,986

Digital
3,208

 
(909
)
 
1,525

 
(3,100
)
Segment operating income
120,873

 
95,256

 
222,806

 
173,886

Corporate and other expenses
(18,101
)
 
(12,366
)
 
(28,453
)
 
(25,017
)
Depreciation and amortization
(40,337
)
 
(42,618
)
 
(80,458
)
 
(82,901
)
Gain (loss) related to property and equipment, net
(87
)
 
196

 
681

 
424

Merger-related expenses
(1,561
)
 
(3,616
)
 
(67,443
)
 
(8,893
)
Restructuring expenses
(996
)
 
—

 
(4,978
)
 
—

Operating income
$
59,791

 
$
36,852

 
$
42,155

 
$
57,499