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

6 Months Ended

Jun. 30, 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:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018 (3)		2017 (3)		2018 (3)		2017 (3)
	(in thousands)
Net operating revenue	$	—	$	5,688	$	—	$	10,942
Station operating expense		—		3,643		—		7,355
Other operating expense		—		—		—		31
Operating income		—		2,045		—		3,556
Interest expense (1)		—		8		—		16
Income before income taxes		—		2,037		—		3,540
Income tax expense (2)		—		878		—		1,490
Income from discontinued operations, net of tax	$	—	$	1,159	$	—	$	2,050

(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 approximately 42%.

(3) Results of operations for the Television stations are reflected through June 30, 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:

	June 30, 2018		June 30, 2017
	(in thousands)
Significant operating non-cash items
Depreciation and amortization	$	—	$	445
Broadcast program rights amortization		—		316
Barter revenue, net		—		17
Loss on sale of assets		—		31
Significant investing items
Acquisition of property and equipment	$	—	$	110
Proceeds from sale and disposal of assets		—		94