Discontinued Operations (Tables) - Joplin, Missouri and Victoria, Texas Television Stations [Member]

3 Months Ended

Mar. 31, 2018

Disposal Groups, Including Discontinued Operations

The following table shows the components of the results from discontinued operations associated with the Television Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Operations (in thousands):

	Three Months Ended March 31,
	2018  (3)		2017
Net operating revenue	$	—	$	5,255
Station operating expense		—		3,712
Other operating expense		—		31
Operating income		—		1,512
Interest Expense (1)		—		9
Income from discontinued operations before income taxes		—		1,503
Income tax expense (2)		—		612
Income from discontinued operations, net of tax	$	—	$	891

⁽¹⁾ Interest expense related to the Surtsey Media, LLC debt that is guaranteed by the television stations. Our affiliate repaid this loan when the television stations were sold on September 1, 2017.

⁽²⁾ The effective tax rates on pretax income from discontinued operations were 41%.

⁽³⁾ Results of operations for the Television stations are reflected through March 31, 2017. The effective date of the sale was September 1, 2017.

Disclosure Of Condensed Consolidated Statements of Cash Flows

The following table represents the components of the results from discontinued operations associated with the Television Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Cash Flows (in thousands):

	March 31, 2018		March 31, 2017
Significant operating non-cash items
Depreciation and amortization	$	—	$	316
Broadcast program rights amortization		—		158
Barter expense, net		—		(54)
Loss on sale of assets		—		31
Significant investing items
Acquisition of property and equipment	$	—	$	97