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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Information regarding business segments

Information regarding our business segments is as follows:

						For the years ended December 31,
(in thousands)						2021						2020						2019
Segment operating revenues:
Local Media						$	1,319,468					$	1,488,237					$	1,032,709
Scripps Networks						951,883						309,076						270,060
Other						26,924						73,010						58,534
Intersegment eliminations						(14,743)						(12,845)						(9,904)
Total operating revenues						$	2,283,532					$	1,857,478					$	1,351,399
Segment profit (loss):
Local Media						$	268,140					$	444,243					$	227,789
Scripps Networks						389,278						28,324						15,585
Other						359						18,173						13,720
Shared services and corporate						(75,576)						(60,758)						(57,409)
Acquisition and related integration costs						(40,373)						(18,678)						(26,304)
Restructuring costs						(9,436)						—						(3,370)
Depreciation and amortization of intangible assets						(161,922)						(107,155)						(84,344)
Gains (losses), net on disposal of property and equipment						30,275						(661)						1,692
Interest expense						(165,164)						(92,994)						(80,596)
Loss on extinguishment of debt						(15,347)						—						—
Defined benefit pension plan expense						(343)						(4,388)						(6,953)
Gain on sale of Triton business						81,784						—						—
Losses on stock warrant						(99,118)						—						—
Miscellaneous, net						(15,469)						2,914						1,194
Income from continuing operations before income taxes						$	187,088					$	209,020					$	1,004
Depreciation:
Local Media						$	39,368					$	42,934					$	34,086
Scripps Networks						17,109						5,133						3,854
Other						382						854						596
Shared services and corporate						1,498						1,495						1,462
Total depreciation						$	58,357					$	50,416					$	39,998
Amortization of intangible assets:
Local Media						$	40,315					$	37,848					$	26,283
Scripps Networks						58,599						9,460						9,507
Other						2,147						8,077						7,203
Shared services and corporate						2,504						1,354						1,353
Total amortization of intangible assets						$	103,565					$	56,739					$	44,346

The following table presents additions to property and equipment by segment:

						For the years ended December 31,
(in thousands)						2021						2020						2019
Additions to property and equipment:
Local Media						$	35,963					$	42,611					$	46,855
Scripps Networks						23,871						2,020						11,126
Other						430						1,200						1,366
Shared services and corporate						2,114						646						1,878
Total additions to property and equipment						$	62,378					$	46,477					$	61,225

Total assets by segment for the years ended December 31 were as follows:

						As of December 31,
(in thousands)						2021						2020						2019
Assets:
Local Media						$	2,431,730					$	2,463,064					$	2,694,667
Scripps Networks						3,865,046						526,887						486,593
Other						27,582						198,215						197,674
Shared services and corporate						333,956						1,671,220						81,657
Total assets of continuing operations						6,658,314						4,859,386						3,460,591
Discontinued operations						—						—						101,266
Total assets						$	6,658,314					$	4,859,386					$	3,561,857

Disaggregation of revenue

A disaggregation of the principal activities from which we generate revenue is as follows:

						For the years ended December 31,
(in thousands)						2021						2020						2019
Operating revenues:
Core advertising						$	1,592,121					$	915,515					$	861,386
Political						22,693						272,066						23,263
Retransmission and carriage						614,892						588,888						390,043
Other						53,826						81,009						76,707
Total operating revenues						$	2,283,532					$	1,857,478					$	1,351,399

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Publisher FASB
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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