XML 28 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
Business Segment Information
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business segment information
Business segment information

We classify our operations into two reportable segments: Media: consisting of our 46 television stations operating in 38 markets, offering high-quality television programming and digital content; and Digital: primarily consisting of our Cars.com and CareerBuilder business units which operate in the automotive and human capital solutions industries, respectively. Our reportable segments have been determined based on our management and internal reporting structure, the nature of products and services offered by the segments, and the financial information that is evaluated regularly by our chief operating decision maker.

The Digital Segment and the digital revenues line exclude online/digital revenues generated by digital platforms that are associated with our Media Segments operating properties as such amounts are reflected in the Media Segment. Summary operating results for each of our business segments were as follows (in thousands):
 
Quarters Ended
 
Mar. 31, 2016
 
Mar. 29, 2015
 
 
 
 
Operating Revenues:
 
 
 
Media
$
443,829

 
$
396,417

Digital
337,903

 
335,074

Total
$
781,732

 
$
731,491

 
 
 
 
Operating Income (net of depreciation, amortization and facility consolidation):
 
 
 
Media
$
169,299

 
$
176,880

Digital
47,219

 
48,181

Corporate
(14,599
)
 
(18,860
)
Unallocated (a)

 
(23,729
)
Total
$
201,919

 
$
182,472

 
 
 
 
Depreciation, amortization and facility consolidation:
 
 
 
Media
$
19,441

 
$
21,261

Digital
30,361

 
33,709

Corporate
721

 
2,721

Total
$
50,523

 
$
57,691

 
 
 
 
 
 
Identifiable assets:
Mar. 31, 2016
 
Dec. 31, 2015
 
 
 
 
Media
$
4,782,916

 
$
4,799,375

Digital
3,529,356

 
3,529,124

Corporate
156,901

 
170,194

Total (b)
$
8,469,173

 
$
8,498,693


(a) Unallocated expenses in 2015 represent certain expenses that historically were allocated to the former Publishing Segment but that could not be allocated to discontinued operations as they were not clearly and specifically identifiable to the spun-off businesses.
(b) For Dec. 31, 2015, the total of business segment identifiable assets excludes assets recorded in discontinued operations on the consolidated balance sheet of $7.3 million.