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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Information regarding business segments | Information regarding our business segments is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Segment operating revenues: |  |  |  |  |  |  |  |
Local Media |  | $ | 213,248 |  |  | $ | 201,430 |  |  | $ | 405,307 |  |  | $ | 388,494 |
National Media |  | 68,226 |  |  | 13,016 |  |  | 128,947 |  |  | 22,703 |
Other |  | 1,921 |  |  | 1,796 |  |  | 3,332 |  |  | 3,520 |
Total operating revenues |  | $ | 283,395 |  |  | $ | 216,242 |  |  | $ | 537,586 |  |  | $ | 414,717 |
Segment profit (loss): |  |  |  |  |  |  |  |
Local Media |  | $ | 53,368 |  |  | $ | 48,736 |  |  | $ | 84,987 |  |  | $ | 81,087 |
National Media |  | 2,037 |  |  | (3,596 | ) |  | 4,072 |  |  | (7,553 | )
Other |  | (1,643 | ) |  | (1,658 | ) |  | (1,894 | ) |  | (1,409 | )
Shared services and corporate |  | (13,647 | ) |  | (11,335 | ) |  | (27,734 | ) |  | (25,917 | )
Restructuring costs |  | (2,330 | ) |  | — |  |  | (6,137 | ) |  | — |
Depreciation and amortization of intangibles |  | (15,382 | ) |  | (13,781 | ) |  | (30,802 | ) |  | (27,642 | )
Gains (losses), net on disposal of property and equipment |  | 66 |  |  | (15 | ) |  | (651 | ) |  | (62 | )
Interest expense |  | (9,279 | ) |  | (8,248 | ) |  | (18,038 | ) |  | (12,443 | )
Defined benefit pension plan expense |  | (1,389 | ) |  | (3,467 | ) |  | (2,777 | ) |  | (6,934 | )
Miscellaneous, net |  | (156 | ) |  | 5,103 |  |  | 11 |  |  | 4,224 |
Income from continuing operations before income taxes |  | $ | 11,645 |  |  | $ | 11,739 |  |  | $ | 1,037 |  |  | $ | 3,351 |
Depreciation: |  |  |  |  |  |  |  |
Local Media |  | $ | 7,331 |  |  | $ | 8,002 |  |  | $ | 14,887 |  |  | $ | 15,837 |
National Media |  | 134 |  |  | 15 |  |  | 230 |  |  | 22 |
Other |  | 38 |  |  | 59 |  |  | 76 |  |  | 126 |
Shared services and corporate |  | 387 |  |  | 474 |  |  | 796 |  |  | 956 |
Total depreciation |  | $ | 7,890 |  |  | $ | 8,550 |  |  | $ | 15,989 |  |  | $ | 16,941 |
Amortization of intangibles: |  |  |  |  |  |  |  |
Local Media |  | $ | 3,705 |  |  | $ | 3,632 |  |  | $ | 7,410 |  |  | $ | 7,586 |
National Media |  | 3,448 |  |  | 1,260 |  |  | 6,726 |  |  | 2,438 |
Shared services and corporate |  | 339 |  |  | 339 |  |  | 677 |  |  | 677 |
Total amortization of intangibles |  | $ | 7,492 |  |  | $ | 5,231 |  |  | $ | 14,813 |  |  | $ | 10,701 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Local Media |  | $ | 10,613 |  |  | $ | 4,855 |  |  | $ | 20,113 |  |  | $ | 8,802 |
National Media |  | 4,051 |  |  | 186 |  |  | 5,725 |  |  | 197 |
Shared services and corporate |  | 13 |  |  | 22 |  |  | 73 |  |  | 121 |
Total additions to property and equipment |  | $ | 14,677 |  |  | $ | 5,063 |  |  | $ | 25,911 |  |  | $ | 9,120 |
Disaggregation of Principal Revenue Generating Activities | A disaggregation of the principal activities from which we generate revenue is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Operating revenues: |  |  |  |  |  |  |  |
Core advertising |  | $ | 179,294 |  |  | $ | 134,977 |  |  | $ | 345,847 |  |  | $ | 253,832 |
Political advertising |  | 14,882 |  |  | 2,525 |  |  | 17,466 |  |  | 3,566 |
Retransmission and carriage |  | 74,658 |  |  | 66,059 |  |  | 145,718 |  |  | 132,270 |
Other |  | 14,561 |  |  | 12,681 |  |  | 28,555 |  |  | 25,049 |
Total operating revenues |  | $ | 283,395 |  |  | $ | 216,242 |  |  | $ | 537,586 |  |  | $ | 414,717 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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