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Segment Information
 9 Months Ended
Sep. 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; five 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, satellite carriers and over-the-top virtual MVPDs.

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 
September 30,		Nine Months Ended 
September 30,
(in thousands)2021202020212020
Segment operating revenues:
Local Media$331,316 $407,002 $968,734 $1,011,879 
Scripps Networks226,550 72,825 678,945 216,232 
Other1,207 16,668 24,378 47,816 
Intersegment eliminations(3,830)(3,233)(10,816)(9,559)
Total operating revenues$555,243 $493,262 $1,661,241 $1,266,368 
Segment profit (loss):
Local Media$65,391 $147,794 $185,971 $242,357 
Scripps Networks83,327 3,493 282,847 15,615 
Other(2,227)3,846 513 13,073 
Shared services and corporate(17,768)(12,128)(55,827)(43,705)
Acquisition and related integration costs(251)(10,928)(35,582)(16,059)
Restructuring costs(1,872)— (9,436)— 
Depreciation and amortization of intangible assets(42,086)(26,856)(122,344)(80,846)
Gains (losses), net on disposal of property and equipment31,109 2,012 30,954 (728)
Interest expense(41,013)(21,387)(126,905)(70,184)
Loss on extinguishment of debt— — (13,775)— 
Defined benefit pension plan expense(264)(1,261)(250)(3,313)
Gains on sale of business— — 81,784 — 
Losses on stock warrants— — (99,118)— 
Miscellaneous, net674 1,488 (6,884)1,050 
Income from continuing operations before income taxes$75,020 $86,073 $111,948 $57,260 
Depreciation:
Local Media$9,877 $10,455 $29,416 $32,719 
Scripps Networks4,645 1,522 12,463 3,856 
Other44 245 338 626 
Shared services and corporate373 346 1,092 1,114 
Total depreciation$14,939 $12,568 $43,309 $38,315 
Amortization of intangible assets:
Local Media$12,016 $9,133 $30,698 $28,453 
Scripps Networks14,503 2,739 44,390 7,095 
Other— 2,077 2,147 5,968 
Shared services and corporate628 339 1,800 1,015 
Total amortization of intangible assets$27,147 $14,288 $79,035 $42,531 
Additions to property and equipment:
Local Media$8,317 $9,134 $27,066 $35,351 
Scripps Networks6,960 1,049 17,372 2,640 
Other— 377 430 832 
Shared services and corporate869 78 1,329 294 
Total additions to property and equipment$16,146 $10,638 $46,197 $39,117 
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)2021202020212020
Operating revenues:
Core advertising$387,643 $221,713 $1,142,405 $638,275 
Political7,087 98,313 11,591 131,749 
Retransmission and carriage fees151,828 153,888 464,746 437,121 
Other8,685 19,348 42,499 59,223 
Total operating revenues$555,243 $493,262 $1,661,241 $1,266,368