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v3.21.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Information regarding business segments | Information regarding our business segments is as follows:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2021 |  | 2020
Segment operating revenues: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 312,581 |  |  | $ | 324,933 |
Scripps Networks |  |  |  |  |  | 213,660 |  |  | 76,755 |
Other |  |  |  |  |  | 18,121 |  |  | 15,664 |
Intersegment eliminations |  |  |  |  |  | (3,441) |  |  | (3,129) |
Total operating revenues |  |  |  |  |  | $ | 540,921 |  |  | $ | 414,223 |
Segment profit (loss): |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 55,937 |  |  | $ | 59,106 |
Scripps Networks |  |  |  |  |  | 92,203 |  |  | 9,969 |
Other |  |  |  |  |  | 3,281 |  |  | 4,191 |
Shared services and corporate |  |  |  |  |  | (18,921) |  |  | (18,654) |
Acquisition and related integration costs |  |  |  |  |  | (28,645) |  |  | (4,910) |
Restructuring costs |  |  |  |  |  | (7,050) |  |  | — |
Depreciation and amortization of intangible assets |  |  |  |  |  | (39,507) |  |  | (27,345) |
Gains (losses), net on disposal of property and equipment |  |  |  |  |  | (80) |  |  | (1,433) |
Interest expense |  |  |  |  |  | (43,882) |  |  | (25,798) |
Defined benefit pension plan income (expense) |  |  |  |  |  | 7 |  |  | (1,026) |
Gains on sale of business |  |  |  |  |  | 81,784 |  |  | — |
Gains (losses) on stock warrants |  |  |  |  |  | (67,244) |  |  | — |
Miscellaneous, net |  |  |  |  |  | (4,851) |  |  | 1,114 |
Income (loss) from continuing operations before income taxes |  |  |  |  |  | $ | 23,032 |  |  | $ | (4,786) |
Depreciation: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 9,685 |  |  | $ | 11,490 |
Scripps Networks |  |  |  |  |  | 3,835 |  |  | 1,295 |
Other |  |  |  |  |  | 249 |  |  | 185 |
Shared services and corporate |  |  |  |  |  | 356 |  |  | 381 |
Total depreciation |  |  |  |  |  | $ | 14,125 |  |  | $ | 13,351 |
Amortization of intangible assets: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 9,597 |  |  | $ | 9,921 |
Scripps Networks |  |  |  |  |  | 13,117 |  |  | 1,835 |
Other |  |  |  |  |  | 2,147 |  |  | 1,900 |
Shared services and corporate |  |  |  |  |  | 521 |  |  | 338 |
Total amortization of intangible assets |  |  |  |  |  | $ | 25,382 |  |  | $ | 13,994 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 5,454 |  |  | $ | 14,441 |
Scripps Networks |  |  |  |  |  | 1,489 |  |  | 1,591 |
Other |  |  |  |  |  | 430 |  |  | 223 |
Shared services and corporate |  |  |  |  |  | 19 |  |  | 114 |
Total additions to property and equipment |  |  |  |  |  | $ | 7,392 |  |  | $ | 16,369 |
Disaggregation of Principal Revenue Generating Activities | A disaggregation of the principal activities from which we generate revenue is as follows:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2021 |  | 2020
Operating revenues: |  |  |  |  |  |  |  |
Core advertising |  |  |  |  |  | $ | 361,303 |  |  | $ | 235,821 |
Political |  |  |  |  |  | 1,311 |  |  | 18,720 |
Retransmission and carriage fees |  |  |  |  |  | 156,497 |  |  | 138,950 |
Other |  |  |  |  |  | 21,810 |  |  | 20,732 |
Total operating revenues |  |  |  |  |  | $ | 540,921 |  |  | $ | 414,223 |

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