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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues        
Total operating revenues $ 484,036 $ 489,358 $ 939,024 $ 932,993
Operating Expenses        
Programming 134,083 111,635 253,970 212,376
Direct operating expenses 98,087 98,817 197,250 200,205
Selling, general and administrative 129,700 125,878 262,962 257,834
Depreciation 13,867 13,281 26,819 27,056
Amortization 35,018 41,681 70,039 83,368
Gain on sales of spectrum 0 0 0 (133,197)
Total operating expenses 410,755 391,292 811,040 647,642
Operating Profit [1] 73,281 98,066 127,984 285,351
Income on equity investments, net 46,527 52,568 92,212 91,705
Interest income 7,726 2,336 13,973 4,234
Interest expense (43,777) (41,990) (87,392) (82,621)
Pension and other postretirement periodic benefit credit, net 4,524 6,985 9,154 14,069
Gain on investment transactions 0 0 86,272 3,888
Other non-operating gain (loss), net 80 (26) (1,543) 91
Reorganization items, net (876) (685) (2,194) (1,578)
Income Before Income Taxes 87,485 117,254 238,466 315,139
Income tax expense 23,835 32,816 61,612 89,518
Net Income 63,650 84,438 176,854 225,621
Net loss attributable to noncontrolling interests 7 4 11 10
Net Income attributable to Tribune Media Company $ 63,657 $ 84,442 $ 176,865 $ 225,631
Earnings Per Share        
Basic $ 0.72 $ 0.96 $ 2.01 $ 2.58
Diluted $ 0.71 $ 0.96 $ 1.98 $ 2.55
Corporate and Other        
Operating Revenues        
Total operating revenues $ 1,479 $ 2,941 $ 3,040 $ 5,874
Operating Expenses        
Depreciation 1,803 2,340 3,693 5,245
Operating Profit [1] (26,322) (21,701) (51,544) (46,268)
Television and Entertainment        
Operating Revenues        
Total operating revenues $ 482,557 $ 486,417 $ 935,984 $ 927,119
[1]
(1)
Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes.