Business segment information

Our reportable segment determination is 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.

Immediately following the spin-off of Cars.com and the sale of our majority stake in CareerBuilder, we began classifying our operations as one operating and reportable segment, Media, which consists of our 46 television stations operating in 38 markets, offering high-quality television programming and digital content. Also now included in the Media Segment is our DMS business which was previously reported in our Digital Segment.

As a result of classifying the former Digital Segment’s historical financial results as discontinued operations there is no remaining activity in 2017 as shown in the tables below. The 2016 activity shown below for our Digital Segment relates to our former Cofactor business which did not meet the criteria for discontinued operation reporting when the business was sold in December 2016. The historical periods below have also been updated to restate the historical results of our DMS business within our Media business.

Segment operating results are summarized as follows (in thousands):



	Quarter ended Sept. 30,						Nine months ended Sept. 30,
	2017			2016			2017			2016
				(recast)						(recast)
Revenues:
Media	$	464,264		$	517,021		$	1,412,703		$	1,449,202
Digital	—			2,596			—			8,031
Total	$	464,264		$	519,617		$	1,412,703		$	1,457,233

Operating Income (net of depreciation, amortization, asset impairment and facility consolidation charges):
Media ^(a)	$	130,338		$	219,766		$	433,629		$	568,163
Digital	—			(17,832		)	—			(23,300		)
Corporate ^(a)	(13,477		)	(16,083		)	(43,577		)	(46,974		)
Total	$	116,861		$	185,851		$	390,052		$	497,889

Depreciation, amortization, asset impairment and facility consolidation charges:
Media	$	27,538		$	18,583		$	67,864		$	59,735
Digital	—			15,565			—			16,297
Corporate	596			57			1,115			3,109
Total	$	28,134		$	34,205		$	68,979		$	79,141

(a) In the first quarter of 2017, we adopted new accounting guidance that changed the classification of certain components of net periodic pension and other post-retirement benefit expense (post-retirement benefit expense). The service cost component of the post-retirement benefit expense will continue to be presented as an operating expense while all other components of post-retirement benefit expense will be presented as non-operating expense. The prior year period was adjusted to reflect the effects of applying the new guidance. This resulted in an increase to operating income in third quarter of 2017 and 2016 of $1.7 million and $1.8 million and for the nine months ended September 30, 2017 and 2016 of $4.9 million and $5.8 million, respectively. Net income, earnings per share, and retained earnings were not impacted by the new standard.