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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net Loss $ (115,996) $ (150,470)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 22,093 18,003
Pension credit, net of contributions (11,024) (12,055)
Depreciation 27,498 34,857
Amortization of contract intangible assets and liabilities 429 (8,048)
Amortization of other intangible assets 83,323 98,799
Income on equity investments, net (77,798) (82,558)
Distributions from equity investments 149,650 125,604
Non-cash loss on extinguishment and modification of debt 6,823 0
Original issue discount payments (6,873) 0
Write-downs of investment 180,800 0
Amortization of debt issuance costs and original issue discount 4,127 5,559
Gain on sale of business (34,510) 0
Gain on investment transaction (4,950) 0
Impairments of real estate 757 14,600
(Gain) loss on sales of real estate, net (300) 449
Other non-operating gain, net (45) (421)
Changes in working capital items:    
Accounts receivable, net 32,074 18,256
Prepaid expenses and other current assets 14,659 27,120
Accounts payable (8,896) 4,498
Employee compensation and benefits, accrued expenses and other current liabilities (17,014) (30,405)
Deferred revenue (2,726) (5,693)
Income taxes 24,756 151,485
Change in broadcast rights, net of liabilities (11,893) (49,261)
Deferred income taxes (141,944) 57,489
Other, net 9,594 23,511
Net cash provided by operating activities 122,614 241,319
Investing Activities    
Capital expenditures (28,099) (35,431)
Investments 0 (3,451)
Net proceeds from the sale of business (Note 2) 557,793 0
Proceeds from sales of real estate and other assets 59,751 33,702
Proceeds from the sale of investment 4,950 0
Distribution from cost investment 805 0
Transfers from restricted cash 0 297
Net cash provided by (used in) investing activities 595,200 (4,883)
Financing Activities    
Long-term borrowings 202,694 0
Repayments of long-term debt (589,661) (13,920)
Long-term debt issuance costs (1,689) (784)
Payments of dividends (542,665) (46,174)
Settlement of contingent consideration 0 (750)
Common stock repurchases 0 (66,548)
Tax withholdings related to net share settlements of share-based awards (7,351) (4,377)
Proceeds from stock option exercises 10,013 0
Contributions from noncontrolling interest 1,003 113
Net cash used in financing activities (927,656) (132,440)
Net (Decrease) Increase in Cash and Cash Equivalents (209,842) 103,996
Cash and cash equivalents, beginning of period (1) 590,409 [1] 262,644
Cash and cash equivalents, end of period 380,567 366,640
Supplemental Schedule of Cash Flow Information    
Interest 76,264 81,989
Income taxes, net $ 68,685 $ 15,868
[1] (1)Cash and cash equivalents at the beginning of the six months ended June 30, 2017 of $590 million are comprised of $578 million of cash and cash equivalents from continuing operations as reflected in the Company’s unaudited Condensed Consolidated Balance Sheets and $13 million of cash and cash equivalents reflected in current assets of discontinued operations, as further described in Note 2.