QUARTERLY RESULTS OF OPERATIONS (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (Unaudited)

QUARTERLY RESULTS OF OPERATIONS (Unaudited)

(In thousands)
	Three Months Ended March 31,						Three Months Ended June 30,						Three Months Ended September 30,						Three Months Ended December 31,
	2017			2016			2017			2016			2017			2016			2017			2016
Revenue	$	1,329,322		$	1,361,798		$	1,590,368		$	1,614,472		$	1,537,416		$	1,566,582		$	1,713,888		$	1,717,210
Operating expenses:
Direct operating expenses	571,262			566,664			614,377			613,186			621,895			591,740			654,188			627,186
Selling, general and administrative expenses	450,619			425,568			447,290			434,581			438,654			421,700			515,083			444,050
Corporate expenses	78,362			77,859			77,158			87,657			77,967			86,832			78,411			88,724
Depreciation and amortization	146,106			155,456			147,795			162,144			149,749			158,453			157,645			159,174
Impairment charges	—			—			—			—			7,631			8,000			2,568			—
Other operating income, net	31,084			284,463			6,916			(64,190		)	(13,215		)	(505		)	10,919			133,788
Operating income	114,057			420,714			310,664			252,714			228,305			299,352			316,912			531,864
Interest expense	455,337			463,950			463,160			465,991			470,250			459,852			476,837			460,189
Gain (loss) on investments, net	(125		)	—			(135		)	—			(2,173		)	(13,767		)	(2,439		)	860
Equity in earnings (loss) of nonconsolidated affiliates	(242		)	(433		)	240			(1,610		)	(2,238		)	1,117			(615		)	(15,807		)
Gain (loss) on extinguishment of debt	—			—			—			—			—			157,556			1,271			—
Other income (expense), net	(15,249		)	(5,712		)	1,782			(34,019		)	2,223			(7,323		)	(4,078		)	(26,048		)
Income (loss) before income taxes	(356,896		)	(49,381		)	(150,609		)	(248,906		)	(244,133		)	(22,917		)	(165,786		)	30,680
Income tax benefit (expense)	(30,684		)	(9,493		)	(17,408		)	(27,137		)	(2,051		)	(5,613		)	507,549			92,717
Consolidated net income (loss)	(387,580		)	(58,874		)	(168,017		)	(276,043		)	(246,184		)	(28,530		)	341,763			123,397
Less amount attributable to noncontrolling interest	635			29,622			6,020			2,857			1,993			6,471			(74,775		)	17,362
Net income (loss)attributable to the Company	$	(388,215	)	$	(88,496	)	$	(174,037	)	$	(278,900	)	$	(248,177	)	$	(35,001	)	$	416,538		$	106,035