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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Information regarding business segments | Information regarding our business segments is as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Segment operating revenues: |  |  |  |  |  |  |  |
Local Media |  | $ | 230,734 |  |  | $ | 187,505 |  |  | $ | 636,041 |  |  | $ | 575,999 |
National Media |  | 71,761 |  |  | 12,504 |  |  | 200,708 |  |  | 35,207 |
Other |  | 231 |  |  | 500 |  |  | 3,563 |  |  | 4,020 |
Total operating revenues |  | $ | 302,726 |  |  | $ | 200,509 |  |  | $ | 840,312 |  |  | $ | 615,226 |
Segment profit (loss): |  |  |  |  |  |  |  |
Local Media |  | $ | 67,416 |  |  | $ | 30,372 |  |  | $ | 152,403 |  |  | $ | 111,459 |
National Media |  | 2,838 |  |  | (4,374 | ) |  | 6,910 |  |  | (11,927 | )
Other |  | (1,267 | ) |  | (829 | ) |  | (3,161 | ) |  | (2,238 | )
Shared services and corporate |  | (12,370 | ) |  | (11,437 | ) |  | (40,104 | ) |  | (37,354 | )
Acquisition and related integration costs |  | (332 | ) |  | — |  |  | (332 | ) |  | — |
Restructuring costs |  | (863 | ) |  | (2,407 | ) |  | (7,000 | ) |  | (2,407 | )
Depreciation and amortization of intangible assets |  | (15,598 | ) |  | (13,775 | ) |  | (46,400 | ) |  | (41,417 | )
Impairment of goodwill and intangible assets |  | — |  |  | (35,732 | ) |  | — |  |  | (35,732 | )
Gains (losses), net on disposal of property and equipment |  | 501 |  |  | (114 | ) |  | (150 | ) |  | (176 | )
Interest expense |  | (9,003 | ) |  | (5,720 | ) |  | (27,041 | ) |  | (18,163 | )
Defined benefit pension plan expense |  | (3,529 | ) |  | (3,551 | ) |  | (6,306 | ) |  | (10,485 | )
Miscellaneous, net |  | (546 | ) |  | 1,187 |  |  | (535 | ) |  | 5,411 |
Income (loss) from continuing operations before income taxes |  | $ | 27,247 |  |  | $ | (46,380 | ) |  | $ | 28,284 |  |  | $ | (43,029 | )
Depreciation: |  |  |  |  |  |  |  |
Local Media |  | $ | 8,004 |  |  | $ | 8,018 |  |  | $ | 22,891 |  |  | $ | 23,855 |
National Media |  | 273 |  |  | 18 |  |  | 503 |  |  | 40 |
Other |  | 37 |  |  | 43 |  |  | 113 |  |  | 169 |
Shared services and corporate |  | 313 |  |  | 468 |  |  | 1,109 |  |  | 1,424 |
Total depreciation |  | $ | 8,627 |  |  | $ | 8,547 |  |  | $ | 24,616 |  |  | $ | 25,488 |
Amortization of intangible assets: |  |  |  |  |  |  |  |
Local Media |  | $ | 3,706 |  |  | $ | 3,633 |  |  | $ | 11,116 |  |  | $ | 11,219 |
National Media |  | 2,927 |  |  | 1,257 |  |  | 9,653 |  |  | 3,695 |
Shared services and corporate |  | 338 |  |  | 338 |  |  | 1,015 |  |  | 1,015 |
Total amortization of intangible assets |  | $ | 6,971 |  |  | $ | 5,228 |  |  | $ | 21,784 |  |  | $ | 15,929 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Local Media |  | $ | 8,156 |  |  | $ | 3,610 |  |  | $ | 28,269 |  |  | $ | 12,412 |
National Media |  | 5,625 |  |  | 122 |  |  | 11,350 |  |  | 319 |
Shared services and corporate |  | — |  |  | 155 |  |  | 73 |  |  | 276 |
Total additions to property and equipment |  | $ | 13,781 |  |  | $ | 3,887 |  |  | $ | 39,692 |  |  | $ | 13,007 |
Disaggregation of Principal Revenue Generating Activities | A disaggregation of the principal activities from which we generate revenue is as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Operating revenues: |  |  |  |  |  |  |  |
Core advertising |  | $ | 165,587 |  |  | $ | 123,236 |  |  | $ | 511,434 |  |  | $ | 377,068 |
Political |  | 40,018 |  |  | 1,689 |  |  | 57,484 |  |  | 5,255 |
Retransmission and carriage |  | 79,673 |  |  | 63,733 |  |  | 225,391 |  |  | 196,003 |
Other |  | 17,448 |  |  | 11,851 |  |  | 46,003 |  |  | 36,900 |
Total operating revenues |  | $ | 302,726 |  |  | $ | 200,509 |  |  | $ | 840,312 |  |  | $ | 615,226 |

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