XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 13 - Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 13. Segment information The Company operates in two business segments: broadcasting and production companies. The broadcasting segment operates television stations located across 94 local markets in the U.S. The production companies segment includes the production of television 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 six months ended June 30, 2021: |  | Broadcasting |  |  | Companies |  |  | Other |  |  | Consolidated |
Revenue (less agency commissions) |  | $ | 1,067 |  |  | $ | 24 |  |  | $ | - |  |  | $ | 1,091 |
Operating expenses before depreciation, amortization and gain on disposal of assets, net: |  |  | 715 |  |  |  | 26 |  |  |  | 43 |  |  |  | 784 |
Depreciation and amortization |  |  | 95 |  |  |  | 6 |  |  |  | 2 |  |  |  | 103 |
Gain on disposal of assets, net |  |  | (5 | ) |  |  | - |  |  |  | - |  |  |  | (5 | )
Operating expenses |  |  | 805 |  |  |  | 32 |  |  |  | 45 |  |  |  | 882 |
Operating income (loss) |  | $ | 262 |  |  | $ | (8 | ) |  | $ | (45 | ) |  | $ | 209 |
Interest expense |  | $ | - |  |  | $ | - |  |  | $ | 95 |  |  | $ | 95 |
Capital expenditures (excluding acquisitions) |  | $ | 28 |  |  | $ | 6 |  |  | $ | 87 |  |  | $ | 121 |
Goodwill |  | $ | 1,425 |  |  | $ | 41 |  |  | $ | - |  |  | $ | 1,466 |
Total assets |  | $ | 6,598 |  |  | $ | 121 |  |  | $ | 951 |  |  | $ | 7,670 |
For the six months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue (less agency commissions) |  | $ | 964 |  |  | $ | 21 |  |  | $ | - |  |  | $ | 985 |
Operating expenses before depreciation, amortization and gain on disposal of assets, net: |  |  | 659 |  |  |  | 24 |  |  |  | 32 |  |  |  | 715 |
Depreciation and amortization |  |  | 87 |  |  |  | 6 |  |  |  | 1 |  |  |  | 94 |
Gain on disposal of assets, net |  |  | (13 | ) |  |  | - |  |  |  | - |  |  |  | (13 | )
Operating expenses |  |  | 733 |  |  |  | 30 |  |  |  | 33 |  |  |  | 796 |
Operating income (loss) |  | $ | 231 |  |  | $ | (9 | ) |  | $ | (33 | ) |  | $ | 189 |
Interest expense |  | $ | - |  |  | $ | - |  |  | $ | 98 |  |  | $ | 98 |
Capital expenditures (excluding acquisitions) |  | $ | 51 |  |  | $ | - |  |  | $ | - |  |  | $ | 51 |
As of December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 1,419 |  |  | $ | 41 |  |  | $ | - |  |  | $ | 1,460 |
Total assets |  | $ | 6,631 |  |  | $ | 141 |  |  | $ | 871 |  |  | $ | 7,643 |

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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration