XML 55 R20.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 14 - Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2019
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 14. Segment information The Company operates in two business segments: broadcasting and production companies. The broadcasting segment operates television stations located across 93 local markets in the United States. The production companies segment includes the production of television and event content. Costs identified as other are primarily corporate and administrative expenses. The following tables present certain financial information concerning the Company’s operating segments (in millions):
|  |  |  |  |  | Production |  |  |  |  |  |  |  |  |
As of and for the Nine months ended September 30, 2019: |  | Broadcast |  |  | Companies |  |  | Other |  |  | Consolidated |
Revenue (less agency commissions) |  | $ | 1,481 |  |  | $ | 62 |  |  | $ | - |  |  | $ | 1,543 |
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: |  |  | 986 |  |  |  | 57 |  |  |  | 83 |  |  |  | 1,126 |
Depreciation and amortization |  |  | 135 |  |  |  | 9 |  |  |  | 2 |  |  |  | 146 |
(Gain) loss on disposal of assets, net |  |  | (27 | ) |  |  | - |  |  |  | - |  |  |  | (27 | )
Operating expenses |  |  | 1,094 |  |  |  | 66 |  |  |  | 85 |  |  |  | 1,245 |
Operating income |  | $ | 387 |  |  | $ | (4 | ) |  | $ | (85 | ) |  | $ | 298 |
Interest expense |  | $ | - |  |  | $ | - |  |  | $ | 173 |  |  | $ | 173 |
Capital expenditures (excluding business combinations) |  | $ | 69 |  |  | $ | - |  |  | $ | 4 |  |  | $ | 73 |
Goodwill |  | $ | 1,409 |  |  | $ | 40 |  |  | $ | - |  |  | $ | 1,449 |
Total Assets |  | $ | 6,906 |  |  | $ | 142 |  |  | $ | 56 |  |  | $ | 7,104 |
For the Nine months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue (less agency commissions) |  | $ | 756 |  |  | $ | - |  |  | $ | - |  |  | $ | 756 |
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: |  |  | 437 |  |  |  | - |  |  |  | 30 |  |  |  | 467 |
Depreciation and amortization |  |  | 56 |  |  |  | - |  |  |  | 1 |  |  |  | 57 |
(Gain) loss on disposal of assets, net |  |  | (6 | ) |  |  | - |  |  |  | - |  |  |  | (6 | )
Operating expenses |  |  | 487 |  |  |  | - |  |  |  | 31 |  |  |  | 518 |
Operating income |  | $ | 269 |  |  | $ | - |  |  | $ | (31 | ) |  | $ | 238 |
Interest expense |  | $ | - |  |  | $ | - |  |  | $ | 74 |  |  | $ | 74 |
Capital expenditures (excluding business combinations) |  | $ | 35 |  |  | $ | - |  |  | $ | - |  |  | $ | 35 |
As of December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 612 |  |  | $ | - |  |  | $ | - |  |  | $ | 612 |
Total Assets |  | $ | 3,242 |  |  | $ | - |  |  | $ | 971 |  |  | $ | 4,213 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration