Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Fair values of the assets acquired and liabilities assumed

The following table summarizes the final fair values of the assets acquired and the liabilities assumed:



(in thousands)

Assets:
Cash	$	2,529
Accounts receivable	47,978
Other current assets	2,236
Property and equipment	123,264
Intangible assets	294,800
Goodwill	456,440
Other long-term assets	6,350
Assets held for sale	14,500
Total assets acquired	948,097
Accounts payable and accrued liabilities	38,107
Employee benefit obligations	85,261
Deferred tax liability	57,112
Long-term debt	126,873
Other long-term liabilities	4,744
Net purchase price	$	636,000

The following table summarizes the final fair values of the assets acquired and the liabilities assumed:



(in thousands)

Assets:
Cash	$	635
Accounts receivable	2,925
Other assets	482
Intangible assets	10,700
Goodwill	45,586
Total assets acquired	60,328
Current liabilities	3,365
Net purchase price	$	56,963

Pending the finalization of asset valuations, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:



(in thousands)

Assets:
Cash	$	21,372
Accounts receivable	44,306
Current portion of programs and program licenses	47,120
Intangible assets	32,300
Goodwill	209,572
Programs and program licenses (less current portion)	74,998
Other assets	1,395
Total assets acquired	431,063
Accounts payable and accrued liabilities	29,339
Current portion of program rights payable	46,376
Program rights payable (less current portion)	53,036
Net purchase price	$	302,312

Pro forma results of operations



	For the years ended December 31,
(in thousands, except per share data) (unaudited)	2017			2016		2015

Operating revenues	$	978,303		$	997,759	$	778,118
Income (loss) from continuing operations	(12,477		)	55,506		(37,452		)
Income (loss) per share from continuing operations attributable to the shareholders of The E.W. Scripps Company
Basic	$	(0.13	)	$	0.66	$	(0.45	)
Diluted	(0.13		)	0.65		(0.45		)