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v3.23.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Information regarding business segments | Information regarding our business segments is as follows:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2023 |  | 2022
Segment operating revenues: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 311,923 |  |  | $ | 326,661 |
Scripps Networks |  |  |  |  |  | 216,473 |  |  | 239,068 |
Other |  |  |  |  |  | 3,756 |  |  | 4,151 |
Intersegment eliminations |  |  |  |  |  | (4,374) |  |  | (4,174) |
Total operating revenues |  |  |  |  |  | $ | 527,778 |  |  | $ | 565,706 |
Segment profit (loss): |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 45,843 |  |  | $ | 54,393 |
Scripps Networks |  |  |  |  |  | 51,526 |  |  | 85,076 |
Other |  |  |  |  |  | (1,532) |  |  | (1,113) |
Shared services and corporate |  |  |  |  |  | (23,405) |  |  | (23,211) |
Acquisition and related integration costs |  |  |  |  |  | — |  |  | (1,642) |
Restructuring costs |  |  |  |  |  | (16,511) |  |  | — |
Depreciation and amortization of intangible assets |  |  |  |  |  | (38,543) |  |  | (39,745) |
Gains (losses), net on disposal of property and equipment |  |  |  |  |  | (896) |  |  | (2,481) |
Interest expense |  |  |  |  |  | (48,838) |  |  | (36,499) |
Gain on extinguishment of debt |  |  |  |  |  | — |  |  | 1,234 |
Defined benefit pension plan income |  |  |  |  |  | 134 |  |  | 663 |
Miscellaneous, net |  |  |  |  |  | (503) |  |  | (407) |
Income (loss) from operations before income taxes |  |  |  |  |  | $ | (32,725) |  |  | $ | 36,268 |
Depreciation: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 9,853 |  |  | $ | 10,142 |
Scripps Networks |  |  |  |  |  | 4,736 |  |  | 4,785 |
Other |  |  |  |  |  | 45 |  |  | 44 |
Shared services and corporate |  |  |  |  |  | 419 |  |  | 399 |
Total depreciation |  |  |  |  |  | $ | 15,053 |  |  | $ | 15,370 |
Amortization of intangible assets: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 8,980 |  |  | $ | 8,980 |
Scripps Networks |  |  |  |  |  | 13,009 |  |  | 14,209 |
Other |  |  |  |  |  | 449 |  |  | 481 |
Shared services and corporate |  |  |  |  |  | 1,052 |  |  | 705 |
Total amortization of intangible assets |  |  |  |  |  | $ | 23,490 |  |  | $ | 24,375 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 7,267 |  |  | $ | 9,313 |
Scripps Networks |  |  |  |  |  | 194 |  |  | 3,209 |
Other |  |  |  |  |  | — |  |  | 9 |
Shared services and corporate |  |  |  |  |  | 835 |  |  | 56 |
Total additions to property and equipment |  |  |  |  |  | $ | 8,296 |  |  | $ | 12,587 |
Disaggregation of principal revenue generating activities | A disaggregation of the principal activities from which we generate revenue is as follows:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2023 |  | 2022
Operating revenues: |  |  |  |  |  |  |  |
Core advertising |  |  |  |  |  | $ | 348,574 |  |  | $ | 392,535 |
Political |  |  |  |  |  | 3,525 |  |  | 5,946 |
Distribution |  |  |  |  |  | 166,559 |  |  | 157,600 |
Other |  |  |  |  |  | 9,120 |  |  | 9,625 |
Total operating revenues |  |  |  |  |  | $ | 527,778 |  |  | $ | 565,706 |

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