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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2014
Business Combination, Separately Recognized Transactions [Line Items]  
Pro forma results of operations
Pro forma results of operations, assuming the transaction had taken place at the beginning of 2013, are included in the following table. The pro forma information includes the historical results of operations of Scripps and the Acquired Granite Stations and adjustments for additional depreciation and amortization of the assets acquired. The pro forma information does not include efficiencies, cost reductions or synergies expected to result from the acquisition. The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the period.

 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(in thousands, except per share data) (unaudited)
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
218,821

 
$
216,031

 
$
429,979

 
$
422,061

(Loss) income from operations attributable to the shareholders of The E.W. Scripps Company
 
(2,703
)
 
4,436

 
(2,614
)
 
2,545

(Loss) income per share from operations attributable to the shareholders of The E.W. Scripps Company:
 
 
 
 
 
 
 
 
          Basic
 
(0.05
)
 
0.08

 
(0.05
)
 
0.04

          Diluted
 
(0.05
)
 
0.07

 
(0.05
)
 
0.04

Detroit MyNetworkTV affiliate and Buffalo ABC affiliate
 
Business Combination, Separately Recognized Transactions [Line Items]  
Fair values of the assets acquired and the liabilities assumed
Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair value of the assets acquired as of June 16, 2014:
(in thousands)
 
 
 
 
 
Assets:
 
 
Property, plant and equipment
 
$
12,133

Intangible assets
 
49,200

Goodwill
 
48,667

Net purchase price
 
$
110,000

Media Convergence Group (Newsy)
 
Business Combination, Separately Recognized Transactions [Line Items]  
Fair values of the assets acquired and the liabilities assumed
Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair value of the assets acquired and the liabilities assumed as of January 1, 2014:
(in thousands)
 
 
 
 
 
Assets:
 
 
Accounts receivable
 
$
640

Other assets
 
74

Equipment and software
 
631

Intangible assets
 
5,900

Goodwill
 
28,938

Total assets acquired
 
36,183

Current liabilities
 
116

Long-term deferred liability
 
845

Net purchase price
 
$
35,222