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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 828,850 $ 673,685
Restricted cash and cash equivalents 16,607 17,566
Accounts receivable (net of allowances of $4,287 and $4,814) 405,952 420,095
Broadcast rights 81,907 129,174
Income taxes receivable 17,916 18,274
Prepaid expenses 29,268 20,158
Other 21,754 14,039
Total current assets 1,402,254 1,292,991
Properties    
Property, plant and equipment 653,426 673,682
Accumulated depreciation (249,787) (233,387)
Net properties 403,639 440,295
Other Assets    
Broadcast rights 98,133 133,683
Goodwill 3,228,774 3,228,988
Other intangible assets, net 1,529,698 1,613,665
Assets held for sale [1] 28,955 38,900
Investments 1,213,240 1,281,791
Other 154,625 139,015
Total other assets 6,253,425 6,436,042
Total Assets (1) [2] 8,059,318 8,169,328
Current Liabilities    
Accounts payable 46,526 48,319
Income taxes payable 43,155 36,252
Employee compensation and benefits 58,075 71,759
Contracts payable for broadcast rights 210,140 253,244
Deferred revenue 14,739 11,942
Interest payable 30,339 30,525
Deferred spectrum audition proceeds (Note 8) 0 172,102
Other 29,679 30,124
Total current liabilities 432,653 654,267
Non-Current Liabilities    
Long-term debt (net of unamortized discounts and debt issuance costs of $32,917 and $36,332) 2,922,600 2,919,185
Deferred income taxes 528,150 508,174
Contracts payable for broadcast rights 232,093 300,420
Pension obligations, net 363,577 396,875
Postretirement, medical, life and other benefits 9,372 9,328
Other obligations 159,491 163,899
Total non-current liabilities 4,215,283 4,297,881
Total Liabilities (1) [2] 4,647,936 4,952,148
Commitments and Contingent Liabilities
Shareholders’ Equity    
Preferred stock 0 0
Common Stock 102 101
Treasury stock, at cost: 14,102,185 shares at June 30, 2018 and December 31, 2017 (632,194) (632,194)
Additional paid-in-capital 4,017,522 4,011,530
Retained earnings (deficit) 66,920 (114,240)
Accumulated other comprehensive loss (41,000) (48,061)
Total Tribune Media Company shareholders’ equity 3,411,350 3,217,136
Noncontrolling interests 32 44
Total shareholders’ equity 3,411,382 3,217,180
Total Liabilities and Shareholders’ Equity 8,059,318 8,169,328
Class A Common Stock    
Shareholders’ Equity    
Common Stock 102 101
Total shareholders’ equity 102 101
Class B Common Stock    
Shareholders’ Equity    
Common Stock 0 0
Total shareholders’ equity $ 0 $ 0
[1] (3)See Note 3 for information regarding assets held for sale.
[2] (1) The Company’s consolidated total assets as of June 30, 2018 and December 31, 2017 include total assets of variable interest entities (“VIEs”) of $74 million and $81 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of June 30, 2018 and December 31, 2017 include total liabilities of the VIEs of $26 million and $29 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).