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Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We determine our business segments based upon our management and internal reporting structure, as well as the basis that our chief operating decision maker makes resource allocation decisions.
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, telecommunication companies, satellite carriers and over-the-top virtual MVPDs.

Our Scripps Networks segment is comprised of nine national television networks that reach nearly every U.S. television home through free over-the-air broadcast, cable/satellite, connected TV and digital distribution. These operations earn revenue primarily through the sale of advertising.
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 accounting, procurement, human resources, employee benefit and information technology to our business segments. These intercompany agreements and allocations are generally amounts agreed upon by management, which may differ from an arms-length amount.
The other segment caption aggregates our operating segments that are too small to report separately. Costs for centrally provided services and certain corporate costs that are not allocated to the business segments are included in shared services and corporate costs. These unallocated corporate costs would also include the costs associated with being a public company. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes and deferred income taxes.
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:
For the years ended December 31,
(in thousands)202220212020
Segment operating revenues:
Local Media$1,494,357 $1,319,468 $1,488,237 
Scripps Networks961,242 951,883 309,076 
Other14,628 26,924 73,010 
Intersegment eliminations(17,012)(14,743)(12,845)
Total operating revenues$2,453,215 $2,283,532 $1,857,478 
Segment profit (loss):
Local Media$386,369 $268,140 $444,243 
Scripps Networks310,336 389,278 28,324 
Other(18,140)359 18,173 
Shared services and corporate(82,280)(75,576)(60,758)
Acquisition and related integration costs(1,642)(40,373)(18,678)
Restructuring costs— (9,436)— 
Depreciation and amortization of intangible assets(160,433)(161,922)(107,155)
Gains (losses), net on disposal of property and equipment(5,866)30,275 (661)
Interest expense(161,130)(165,164)(92,994)
Gain (loss) on extinguishment of debt8,589 (15,347)— 
Defined benefit pension plan income (expense)2,613 (343)(4,388)
Gain on sale of Triton business— 81,784 — 
Losses on stock warrant— (99,118)— 
Miscellaneous, net(1,953)(15,469)2,914 
Income from continuing operations before income taxes$276,463 $187,088 $209,020 
Depreciation:
Local Media$40,479 $39,368 $42,934 
Scripps Networks19,360 17,109 5,133 
Other189 382 854 
Shared services and corporate1,915 1,498 1,495 
Total depreciation$61,943 $58,357 $50,416 
Amortization of intangible assets:
Local Media$35,461 $40,315 $37,848 
Scripps Networks56,836 58,599 9,460 
Other1,870 2,147 8,077 
Shared services and corporate4,323 2,504 1,354 
Total amortization of intangible assets$98,490 $103,565 $56,739 
A disaggregation of the principal activities from which we generate revenue is as follows:
For the years ended December 31,
(in thousands)202220212020
Operating revenues:
Core advertising $1,549,277 $1,592,121 $915,515 
Political 208,112 22,693 272,066 
Distribution660,317 620,454 592,514 
Other35,509 48,264 77,383 
Total operating revenues $2,453,215 $2,283,532 $1,857,478 


The following table presents additions to property and equipment by segment:
For the years ended December 31,
(in thousands)202220212020
Additions to property and equipment:
Local Media$58,350 $35,963 $42,611 
Scripps Networks13,444 23,871 2,020 
Other54 430 1,200 
Shared services and corporate374 2,114 646 
Total additions to property and equipment$72,222 $62,378 $46,477 


Total assets by segment for the years ended December 31 were as follows:
As of December 31,
(in thousands)202220212020
Assets:
Local Media$2,391,703 $2,431,730 $2,463,064 
Scripps Networks3,915,374 3,865,046 526,887 
Other52,571 27,582 198,215 
Shared services and corporate71,357 333,956 1,671,220 
Total assets$6,431,005 $6,658,314 $4,859,386