Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Information regarding business segments

The following table presents additions to property and equipment by segment:

	For the years ended December 31,
(in thousands)	2018		2017		2016
Additions to property and equipment:
Local Media	$	37,773	$	16,946	$	21,064
National Media	15,164		792		54
Other	—		—		124
Shared services and corporate	723		367		1,283
Total additions to property and equipment	$	53,660	$	18,105	$	22,525

Information regarding our business segments is as follows:

	For the years ended December 31,
(in thousands)	2018			2017			2016
Segment operating revenues:
Local Media	$	917,480		$	778,376		$	835,290
National Media	286,170			93,141			34,424
Other	4,775			5,455			4,737
Total operating revenues	$	1,208,425		$	876,972		$	874,451
Segment profit (loss):
Local Media	$	251,119		$	156,890		$	243,298
National Media	13,920			(9,260		)	(10,156		)
Other	(3,680		)	(2,361		)	(2,513		)
Shared services and corporate	(53,123		)	(50,506		)	(46,162		)
Acquisition and related integration costs	(4,124		)	—			(578		)
Restructuring costs	(8,911		)	(4,422		)	—
Depreciation and amortization of intangible assets	(63,987		)	(56,343		)	(55,204		)
Impairment of goodwill and intangible assets	—			(35,732		)	—
Gains (losses), net on disposal of property and equipment	(1,255		)	(169		)	(480		)
Interest expense	(36,184		)	(26,697		)	(18,039		)
Defined benefit pension plan expense	(19,752		)	(14,112		)	(14,332		)
Miscellaneous, net	152			10,636			(2,646		)
Income (loss) from continuing operations before income taxes	$	74,175		$	(32,076	)	$	93,188
Depreciation:
Local Media	$	30,467		$	31,870		$	30,184
National Media	2,592			88			164
Other	150			208			263
Shared services and corporate	1,432			1,883			1,863
Total depreciation	$	34,641		$	34,049		$	32,474
Amortization of intangible assets:
Local Media	$	14,821		$	15,084		$	16,958
National Media	13,172			5,856			4,419
Shared services and corporate	1,353			1,354			1,353
Total amortization of intangible assets	$	29,346		$	22,294		$	22,730

Total assets by segment for the years ended December 31 were as follows:

	As of December 31,
(in thousands)	2018		2017		2016
Assets:
Local Media	$	1,261,526	$	1,273,735	$	1,280,885
National Media	737,987		528,479		117,725
Other	865		2,128		7,146
Shared services and corporate	129,683		189,202		184,109
Total assets of continuing operations	2,130,061		1,993,544		1,589,865
Discontinued operations	—		136,004		146,041
Total assets	$	2,130,061	$	2,129,548	$	1,735,906

Disaggregation of revenue

A disaggregation of the principal activities from which we generate revenue is as follows:

	For the years ended December 31,
(in thousands)	2018		2017		2016
Operating revenues:
Core advertising	$	696,449	$	555,228	$	507,987
Political	139,600		8,651		100,761
Retransmission and carriage	304,402		259,712		220,723
Other	67,974		53,381		44,980
Total operating revenues	$	1,208,425	$	876,972	$	874,451