Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Fair values of the assets acquired and liabilities assumed

The following table summarizes the final fair values of the Katz assets acquired and liabilities assumed at the closing date.

(in thousands)
Cash	$	21,372
Accounts receivable	44,306
Current portion of programming	36,218
Intangible assets	32,300
Goodwill	203,760
Programming (less current portion)	52,908
Other assets	11,356
Accounts payable and accrued liabilities	(29,339		)
Current portion of programming liabilities	(32,877		)
Programming liabilities	(37,692		)
Net purchase price	$	302,312

The following table summarizes the preliminary fair values of the Triton assets acquired and liabilities assumed at the closing date.

(in thousands)
Cash	$	10,515
Accounts receivable	8,650
Other current assets	679
Property and equipment	705
Goodwill	83,876
Other intangible assets	75,000
Accounts payable	(1,881		)
Accrued expenses	(2,964		)
Other current liabilities	(19		)
Deferred tax liability	(14,577		)
Total purchase price	$	159,984

Pro forma results of operations

	For the years ended December 31,
(in thousands, except per share data) (unaudited)	2017			2016
Operating revenues	$	986,373		$	998,916
Income (loss) from continuing operations	(12,477		)	55,506
Income (loss) per share from continuing operations attributable to the shareholders of The E.W. Scripps Company
Basic	$	(0.13	)	$	0.66
Diluted	(0.13		)	0.65