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Segment Information | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information We determine our business segments based upon our management and internal reporting structures. Our reportable segments are strategic businesses that offer different products and services. Our television segment includes fifteen ABC affiliates, five NBC affiliates, two FOX affiliates and two CBS affiliates. We also have three MyTV affiliates, one CW affiliate, one independent station and three Azteca America Spanish-language affiliates. Our television stations reach approximately 18% of the nation’s television households based on audience reach. Television stations earn revenue primarily from the sale of advertising time to local, national and political advertisers and retransmission fees received from cable operators, telecommunications companies and satellite carriers. Our radio segment consists of thirty-four radio stations in eight markets. We operate twenty-eight FM stations and six AM stations. Our radio stations earn revenue primarily from the sale of advertising to local advertisers. Our digital segment includes the digital operations of our local television and radio businesses. It also includes the operations of our national digital businesses of Midroll, a podcast industry leader, Newsy, an over-the-top ("OTT") video news service and Cracked, a multi-platform humor and satire brand. Our digital operations earn revenue primarily through the sale of advertising, marketing services and agency commissions. We allocate a portion of certain corporate costs and expenses, including information technology, certain employee benefits and shared services, to our business segments. The allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes, and deferred income taxes. Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan expense, income taxes, depreciation and amortization, impairment charges, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America. Information regarding our business segments is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Segment operating revenues: |  |  |  |  |  |  |  |
Television |  | $ | 193,304 |  |  | $ | 191,745 |  |  | $ | 373,102 |  |  | $ | 371,649 |
Radio |  | 17,246 |  |  | 18,183 |  |  | 31,242 |  |  | 32,786 |
Digital |  | 19,349 |  |  | 15,207 |  |  | 34,706 |  |  | 27,533 |
Other |  | 1,921 |  |  | 2,682 |  |  | 3,771 |  |  | 5,347 |
Total operating revenues |  | $ | 231,820 |  |  | $ | 227,817 |  |  | $ | 442,821 |  |  | $ | 437,315 |
Segment profit (loss): |  |  |  |  |  |  |  |
Television |  | $ | 49,785 |  |  | $ | 53,298 |  |  | $ | 84,500 |  |  | $ | 94,985 |
Radio |  | 2,909 |  |  | 3,903 |  |  | 4,517 |  |  | 6,046 |
Digital |  | (4,199 | ) |  | (4,715 | ) |  | (10,376 | ) |  | (7,848 | )
Other |  | (1,763 | ) |  | (1,045 | ) |  | (1,445 | ) |  | (152 | )
Shared services and corporate |  | (10,966 | ) |  | (9,874 | ) |  | (25,130 | ) |  | (24,166 | )
Acquisition and related integration costs |  | — |  |  | — |  |  | — |  |  | (578 | )
Depreciation and amortization of intangibles |  | (14,649 | ) |  | (14,786 | ) |  | (29,373 | ) |  | (29,197 | )
(Losses) gains, net on disposal of property and equipment |  | (224 | ) |  | (22 | ) |  | (311 | ) |  | (18 | )
Interest expense |  | (8,248 | ) |  | (4,432 | ) |  | (12,443 | ) |  | (9,011 | )
Defined benefit pension plan expense |  | (3,467 | ) |  | (3,449 | ) |  | (6,934 | ) |  | (6,899 | )
Miscellaneous, net |  | 5,103 |  |  | (458 | ) |  | 4,224 |  |  | (649 | )
Income from operations before income taxes |  | $ | 14,281 |  |  | $ | 18,420 |  |  | $ | 7,229 |  |  | $ | 22,513 |
Depreciation: |  |  |  |  |  |  |  |
Television |  | $ | 8,002 |  |  | $ | 7,932 |  |  | $ | 15,828 |  |  | $ | 15,397 |
Radio |  | 603 |  |  | 543 |  |  | 1,201 |  |  | 1,080 |
Digital |  | 15 |  |  | 54 |  |  | 31 |  |  | 108 |
Other |  | 59 |  |  | 65 |  |  | 126 |  |  | 129 |
Shared services and corporate |  | 474 |  |  | 334 |  |  | 956 |  |  | 870 |
Total depreciation |  | $ | 9,153 |  |  | $ | 8,928 |  |  | $ | 18,142 |  |  | $ | 17,584 |
Amortization of intangibles: |  |  |  |  |  |  |  |
Television |  | $ | 3,632 |  |  | $ | 4,240 |  |  | $ | 7,505 |  |  | $ | 8,479 |
Radio |  | 265 |  |  | 265 |  |  | 530 |  |  | 530 |
Digital |  | 1,260 |  |  | 1,014 |  |  | 2,519 |  |  | 1,927 |
Shared services and corporate |  | 339 |  |  | 339 |  |  | 677 |  |  | 677 |
Total amortization of intangibles |  | $ | 5,496 |  |  | $ | 5,858 |  |  | $ | 11,231 |  |  | $ | 11,613 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Television |  | $ | 4,855 |  |  | $ | 6,519 |  |  | $ | 8,802 |  |  | $ | 9,630 |
Radio |  | 367 |  |  | 83 |  |  | 554 |  |  | 316 |
Digital |  | 186 |  |  | 13 |  |  | 197 |  |  | 17 |
Other |  | — |  |  | 26 |  |  | — |  |  | 41 |
Shared services and corporate |  | 22 |  |  | 266 |  |  | 121 |  |  | 324 |
Total additions to property and equipment |  | $ | 5,430 |  |  | $ | 6,907 |  |  | $ | 9,674 |  |  | $ | 10,328 |

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- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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