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Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
We determine our business segments based upon our management and internal reporting structures, as well as the basis on which our chief operating decision maker makes resource-allocation decisions.
Effective with the January 7, 2021 close of the ION acquisition, we realigned our internal reporting structure and changed the reporting of our businesses’ operating results to reflect this new structure. Under the new structure, our operating results are reported under Local Media, Scripps Networks and Other segment captions.
Our Local Media segment includes our 61 local broadcast stations and their related digital operations. It is comprised of 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. We also have 12 CW affiliates - four on full power stations and eight on multicast; two MyNetworkTV affiliates; three independent stations and 10 additional low power stations. Our Local Media segment earns revenue primarily from the sale of advertising to local, national and political advertisers and retransmission fees received from cable operators, telecommunications companies and satellite carriers. We also receive retransmission fees from over-the-top virtual MVPDs such as Hulu, YouTubeTV and AT&T Now.

Our Scripps Networks segment is comprised of the ION national network, the Katz multicast networks and the Newsy national news network. These operations earn revenue primarily through the sale of advertising.
The operating results of our recently sold Triton business, and the other national businesses that were previously reported in our National Media segment, are aggregated with our remaining business activities in the Other segment caption.
Our respective business segment results reflect the impact of intercompany carriage agreements between our local broadcast television stations and our national networks. We also allocate a portion of certain corporate costs and expenses,
including information technology, certain employee benefits and shared services to our business segments. These intercompany agreements and allocations are generally amounts agreed upon by management, which may differ from an arms-length amount.

Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan amounts, income taxes, depreciation and amortization, impairment charges, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America.

Information regarding our business segments is as follows:
Three Months Ended 
March 31,
(in thousands)20212020
Segment operating revenues:
Local Media$312,581 $324,933 
Scripps Networks213,660 76,755 
Other18,121 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 Networks92,203 9,969 
Other3,281 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 business81,784 — 
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 Networks3,835 1,295 
Other249 185 
Shared services and corporate356 381 
Total depreciation$14,125 $13,351 
Amortization of intangible assets:
Local Media$9,597 $9,921 
Scripps Networks13,117 1,835 
Other2,147 1,900 
Shared services and corporate521 338 
Total amortization of intangible assets$25,382 $13,994 
Additions to property and equipment:
Local Media$5,454 $14,441 
Scripps Networks1,489 1,591 
Other430 223 
Shared services and corporate19 114 
Total additions to property and equipment$7,392 $16,369 
A disaggregation of the principal activities from which we generate revenue is as follows:
Three Months Ended 
March 31,
(in thousands)20212020
Operating revenues:
Core advertising$361,303 $235,821 
Political1,311 18,720 
Retransmission and carriage fees156,497 138,950 
Other21,810 20,732 
Total operating revenues$540,921 $414,223