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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Information regarding business segments

Information regarding our business segments is as follows:

						For the years ended December 31,
(in thousands)						2022						2021						2020
Segment operating revenues:
Local Media						$	1,494,357					$	1,319,468					$	1,488,237
Scripps Networks						961,242						951,883						309,076
Other						14,628						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 Networks						310,336						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 debt						8,589						(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 Networks						19,360						17,109						5,133
Other						189						382						854
Shared services and corporate						1,915						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 Networks						56,836						58,599						9,460
Other						1,870						2,147						8,077
Shared services and corporate						4,323						2,504						1,354
Total amortization of intangible assets						$	98,490					$	103,565					$	56,739

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

						For the years ended December 31,
(in thousands)						2022						2021						2020
Additions to property and equipment:
Local Media						$	58,350					$	35,963					$	42,611
Scripps Networks						13,444						23,871						2,020
Other						54						430						1,200
Shared services and corporate						374						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)						2022						2021						2020
Assets:
Local Media						$	2,391,703					$	2,431,730					$	2,463,064
Scripps Networks						3,915,374						3,865,046						526,887
Other						52,571						27,582						198,215
Shared services and corporate						71,357						333,956						1,671,220
Total assets						$	6,431,005					$	6,658,314					$	4,859,386

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)						2022						2021						2020
Operating revenues:
Core advertising						$	1,549,277					$	1,592,121					$	915,515
Political						208,112						22,693						272,066
Distribution						660,317						620,454						592,514
Other						35,509						48,264						77,383
Total operating revenues						$	2,453,215					$	2,283,532					$	1,857,478

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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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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