Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Information regarding our business segments is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022

Segment operating revenues:
Local Media	$	352,219	$	355,819	$	664,142	$	682,480
Scripps Networks	231,229		238,929		447,702		477,997
Other	3,773		3,893		7,529		8,044
Intersegment eliminations	(4,385)		(4,174)		(8,759)		(8,348)
Total operating revenues	$	582,836	$	594,467	$	1,110,614	$	1,160,173
Segment profit (loss):
Local Media	$	81,017	$	80,742	$	126,860	$	135,135
Scripps Networks	60,343		73,297		111,869		158,373
Other	(6,279)		(4,349)		(7,811)		(5,462)
Shared services and corporate	(23,331)		(18,115)		(46,736)		(41,326)
Acquisition and related integration costs	—		—		—		(1,642)
Restructuring costs	(7,992)		—		(24,503)		—
Depreciation and amortization of intangible assets	(38,628)		(41,019)		(77,171)		(80,764)
Impairment of goodwill	(686,000)		—		(686,000)		—
Gains (losses), net on disposal of property and equipment	(358)		(1,577)		(1,254)		(4,058)
Interest expense	(52,275)		(36,011)		(101,113)		(72,510)
Gain on extinguishment of debt	—		—		—		1,234
Defined benefit pension plan income	134		662		268		1,325


Miscellaneous, net	(675)		2,170		(1,178)		1,763
Income (loss) from operations before income taxes	$	(674,044)	$	55,800	$	(706,769)	$	92,068
Depreciation:
Local Media	$	9,787	$	10,526	$	19,640	$	20,668
Scripps Networks	4,930		4,830		9,666		9,615
Other	45		44		90		88
Shared services and corporate	375		412		794		811
Total depreciation	$	15,137	$	15,812	$	30,190	$	31,182
Amortization of intangible assets:
Local Media	$	8,981	$	8,981	$	17,961	$	17,961
Scripps Networks	13,009		14,209		26,018		28,418
Other	449		471		898		952
Shared services and corporate	1,052		1,546		2,104		2,251
Total amortization of intangible assets	$	23,491	$	25,207	$	46,981	$	49,582
Additions to property and equipment:
Local Media	$	14,140	$	6,901	$	21,407	$	16,214
Scripps Networks	2,501		5,227		2,695		8,436
Other	34		36		34		45
Shared services and corporate	139		204		974		260
Total additions to property and equipment	$	16,814	$	12,368	$	25,110	$	24,955

Disaggregation of principal revenue generating activities

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022

Operating revenues:
Core advertising	$	367,257	$	389,261	$	715,831	$	781,796
Political	3,846		24,886		7,371		30,832
Distribution	200,902		172,162		367,461		329,762
Other	10,831		8,158		19,951		17,783
Total operating revenues	$	582,836	$	594,467	$	1,110,614	$	1,160,173