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Business operations and segment information
12 Months Ended
Dec. 29, 2013
Segment Reporting [Abstract]  
Business operations and segment information
Business operations and segment information
The company has determined that its reportable segments based on its management and internal reporting structure are Broadcasting, Publishing, and Digital.
At the end of 2013, the company’s Broadcasting Segment included 43 television stations and affiliated online sites, including stations serviced by Gannett under shared services and similar agreements. These stations serve nearly 35 million households covering 30.0% of the U.S. population.
The Publishing Segment at the end of 2013 consisted of 82 U.S. daily publications with affiliated online sites in 30 states and one U.S. territory, including USA TODAY, a national, general-interest daily publication; USATODAY.com; USA WEEKEND, a magazine supplement for publishing companies; Clipper; Gannett Healthcare Group; and Gannett Government Media. The Publishing Segment also includes Newsquest, which is a regional publisher in the United Kingdom that includes 17 paid-for daily publications and more than 200 weekly publications, magazines and trade publications. The Publishing Segment in the U.S. also includes more than 400 non-daily publications, a network of offset presses for commercial printing and several smaller businesses.
The largest businesses within the company’s Digital Segment are CareerBuilder, PointRoll and Shoplocal. The Digital Segment and the digital revenues line do not include online/digital revenues generated by digital platforms that are associated with the company’s publishing and broadcasting operating properties. Such amounts are reflected within those segments and are included as part of publishing revenues and broadcasting revenues in the Consolidated Statements of Income.
The company’s foreign revenues, principally from publishing businesses in the United Kingdom and CareerBuilder’s international subsidiaries, totaled approximately $519.8 million in 2013, $546.2 million in 2012 and $567.7 million in 2011. The company’s long-lived assets in foreign countries, principally in the United Kingdom, totaled approximately $566.4 million at Dec. 29, 2013, $529.8 million at Dec. 30, 2012, and $542.9 million at Dec. 25, 2011.
Separate financial data for each of the company’s business segments is presented in the table that follows. The accounting policies of the segments are those described in Note 1. The company evaluates the performance of its segments based on operating income. Operating income represents total revenue less operating expenses, including depreciation, amortization of intangibles and facility consolidation and asset impairment charges. In determining operating income by industry segment, general corporate expenses, interest expense, interest income, and other income and expense items of a non-operating nature are not considered, as such items are not allocated to the company’s segments.
Corporate assets include cash and cash equivalents, property, plant and equipment used for corporate purposes and certain other financial investments.
In thousands of dollars
Business segment financial information
 
2013
2012
2011
Operating revenues
Broadcasting
$
835,113

$
906,104

$
722,410

Publishing
3,577,804

3,728,144

3,831,108

Digital
748,445

718,949

686,471

Total
$
5,161,362

$
5,353,197

$
5,239,989

Operating income
Broadcasting (2)
$
361,915

$
443,808

$
302,140

Publishing (2)
313,697

368,644

477,583

Digital (2)
128,264

41,700

125,340

Corporate (1) (2)
(64,633
)
(64,397
)
(74,272
)
Total
$
739,243

$
789,755

$
830,791

Depreciation, amortization and facility consolidation and asset impairment charges
Broadcasting (2)
$
29,625

$
28,007

$
28,926

Publishing (2)
153,380

147,750

148,537

Digital (2)
46,415

123,990

30,693

Corporate (1) (2)
18,392

16,421

16,460

Total
$
247,812

$
316,168

$
224,616

Equity income (losses) in unconsolidated investees, net
Broadcasting
$
(94
)
$
(597
)
$
(162
)
Publishing
44,265

23,380

8,543

Digital
(347
)
(396
)
(184
)
Total
$
43,824

$
22,387

$
8,197

Identifiable assets
Broadcasting
$
5,077,114

$
2,001,979

$
1,994,051

Publishing
2,632,651

2,850,915

3,032,605

Digital
982,355

1,009,821

1,014,805

Corporate (1)
548,586

517,171

574,989

Total
$
9,240,706

$
6,379,886

$
6,616,450

Capital expenditures
Broadcasting
$
18,394

$
17,473

$
15,263

Publishing
62,480

56,597

40,175

Digital
27,800

17,220

15,673

Corporate (1)
1,733

584

1,340

Total
$
110,407

$
91,874

$
72,451

(1)
Corporate amounts represent those not directly related to the company’s three business segments.
(2)
Results for 2013 include pre-tax facility consolidation and asset impairment charges of $1 million for Broadcasting, $46 million for Publishing, and $12 million for Digital. Results for 2012 include pre-tax facility consolidation and asset impairment charges of $32 million for Publishing and $90 million for Digital. Results for 2011 include pre-tax facility consolidation charges of $27 million for Publishing. Refer to Notes 3 and 4 of the Consolidated Financial Statements for more information.