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v3.19.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2019
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) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Segment operating revenues: |  |  |  |  |  |  |  |
Local Media |  | $ | 252,392 |  |  | $ | 230,734 |  |  | $ | 692,494 |  |  | $ | 636,041 |
National Media |  | 97,205 |  |  | 71,761 |  |  | 283,028 |  |  | 200,708 |
Other |  | 180 |  |  | 231 |  |  | 3,913 |  |  | 3,563 |
Total operating revenues |  | $ | 349,777 |  |  | $ | 302,726 |  |  | $ | 979,435 |  |  | $ | 840,312 |
Segment profit (loss): |  |  |  |  |  |  |  |
Local Media |  | $ | 49,678 |  |  | $ | 67,416 |  |  | $ | 138,180 |  |  | $ | 152,403 |
National Media |  | 5,250 |  |  | 2,838 |  |  | 16,764 |  |  | 6,910 |
Other |  | (1,270 | ) |  | (1,267 | ) |  | (3,188 | ) |  | (3,161 | )
Shared services and corporate |  | (14,167 | ) |  | (12,370 | ) |  | (43,444 | ) |  | (40,104 | )
Acquisition and related integration costs |  | (16,736 | ) |  | (332 | ) |  | (23,004 | ) |  | (332 | )
Restructuring costs |  | (27 | ) |  | (863 | ) |  | (1,922 | ) |  | (7,000 | )
Depreciation and amortization of intangible assets |  | (22,241 | ) |  | (15,598 | ) |  | (60,270 | ) |  | (46,400 | )
Gains (losses), net on disposal of property and equipment |  | 11 |  |  | 501 |  |  | (306 | ) |  | (150 | )
Interest expense |  | (26,537 | ) |  | (9,003 | ) |  | (53,476 | ) |  | (27,041 | )
Defined benefit pension plan expense |  | (2,071 | ) |  | (3,529 | ) |  | (5,207 | ) |  | (6,306 | )
Miscellaneous, net |  | 2,042 |  |  | (546 | ) |  | 1,611 |  |  | (535 | )
Income (loss) from continuing operations before income taxes |  | $ | (26,068 | ) |  | $ | 27,247 |  |  | $ | (34,262 | ) |  | $ | 28,284 |
Depreciation: |  |  |  |  |  |  |  |
Local Media |  | $ | 8,197 |  |  | $ | 8,004 |  |  | $ | 24,179 |  |  | $ | 22,891 |
National Media |  | 1,420 |  |  | 273 |  |  | 3,622 |  |  | 503 |
Other |  | 43 |  |  | 37 |  |  | 120 |  |  | 113 |
Shared services and corporate |  | 360 |  |  | 313 |  |  | 1,069 |  |  | 1,109 |
Total depreciation |  | $ | 10,020 |  |  | $ | 8,627 |  |  | $ | 28,990 |  |  | $ | 24,616 |
Amortization of intangible assets: |  |  |  |  |  |  |  |
Local Media |  | $ | 7,438 |  |  | $ | 3,706 |  |  | $ | 16,864 |  |  | $ | 11,116 |
National Media |  | 4,445 |  |  | 2,927 |  |  | 13,401 |  |  | 9,653 |
Shared services and corporate |  | 338 |  |  | 338 |  |  | 1,015 |  |  | 1,015 |
Total amortization of intangible assets |  | $ | 12,221 |  |  | $ | 6,971 |  |  | $ | 31,280 |  |  | $ | 21,784 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Local Media |  | $ | 8,460 |  |  | $ | 8,156 |  |  | $ | 30,351 |  |  | $ | 28,269 |
National Media |  | 2,184 |  |  | 5,625 |  |  | 10,820 |  |  | 11,350 |
Other |  | 308 |  |  | — |  |  | 518 |  |  | — |
Shared services and corporate |  | 374 |  |  | — |  |  | 980 |  |  | 73 |
Total additions to property and equipment |  | $ | 11,326 |  |  | $ | 13,781 |  |  | $ | 42,669 |  |  | $ | 39,692 |
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) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Operating revenues: |  |  |  |  |  |  |  |
Core advertising |  | $ | 214,981 |  |  | $ | 165,587 |  |  | $ | 598,828 |  |  | $ | 511,434 |
Political |  | 5,037 |  |  | 40,018 |  |  | 8,033 |  |  | 57,484 |
Retransmission and carriage |  | 97,128 |  |  | 79,673 |  |  | 277,736 |  |  | 225,391 |
Other |  | 32,631 |  |  | 17,448 |  |  | 94,838 |  |  | 46,003 |
Total operating revenues |  | $ | 349,777 |  |  | $ | 302,726 |  |  | $ | 979,435 |  |  | $ | 840,312 |

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