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Segment Information
 6 Months Ended
Jun. 30, 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, which includes the recently acquired ION business, is comprised of nine national television networks that reach nearly every U.S. television home through free over-the-air broadcast, cable/satellite, over-the-top and digital distribution. 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 
June 30,		Six Months Ended 
June 30,
(in thousands)2021202020212020
Segment operating revenues:
Local Media$324,837 $279,944 $637,418 $604,877 
Scripps Networks238,735 66,652 452,395 143,407 
Other5,050 15,484 23,171 31,148 
Intersegment eliminations(3,545)(3,197)(6,986)(6,326)
Total operating revenues$565,077 $358,883 $1,105,998 $773,106 
Segment profit (loss):
Local Media$64,643 $35,457 $120,580 $94,563 
Scripps Networks107,317 2,153 199,520 12,122 
Other(541)5,036 2,740 9,227 
Shared services and corporate(19,138)(12,923)(38,059)(31,577)
Acquisition and related integration costs(6,686)(221)(35,331)(5,131)
Restructuring costs(514)— (7,564)— 
Depreciation and amortization of intangible assets(40,751)(26,645)(80,258)(53,990)
Gains (losses), net on disposal of property and equipment(75)(1,307)(155)(2,740)
Interest expense(42,010)(22,999)(85,892)(48,797)
Loss on extinguishment of debt(13,775)— (13,775)— 
Defined benefit pension plan income (expense)7 (1,026)14 (2,052)
Gains on sale of business— — 81,784 — 
Losses on stock warrants(31,874)— (99,118)— 
Miscellaneous, net(2,707)(1,552)(7,558)(438)
Income (loss) from continuing operations before income taxes$13,896 $(24,027)$36,928 $(28,813)
Depreciation:
Local Media$9,854 $10,774 $19,539 $22,264 
Scripps Networks3,983 1,039 7,818 2,334 
Other45 196 294 381 
Shared services and corporate363 387 719 768 
Total depreciation$14,245 $12,396 $28,370 $25,747 
Amortization of intangible assets:
Local Media$9,085 $9,399 $18,682 $19,320 
Scripps Networks16,770 2,521 29,887 4,356 
Other— 1,991 2,147 3,891 
Shared services and corporate651 338 1,172 676 
Total amortization of intangible assets$26,506 $14,249 $51,888 $28,243 
Additions to property and equipment:
Local Media$13,295 $11,776 $18,749 $26,217 
Scripps Networks8,923 — 10,412 1,591 
Other— 232 430 455 
Shared services and corporate441 102 460 216 
Total additions to property and equipment$22,659 $12,110 $30,051 $28,479 
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)2021202020212020
Operating revenues:
Core advertising$393,459 $182,089 $754,762 $417,910 
Political3,193 13,368 4,504 32,088 
Retransmission and carriage fees156,421 144,283 312,918 283,233 
Other12,004 19,143 33,814 39,875 
Total operating revenues$565,077 $358,883 $1,105,998 $773,106