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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Information regarding business segments | Information regarding our business segments is as follows:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2024 |  | 2023
Segment operating revenues: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 352,836 |  |  | $ | 311,923 |
Scripps Networks |  |  |  |  |  | 209,278 |  |  | 216,473 |
Other |  |  |  |  |  | 4,113 |  |  | 3,756 |
Intersegment eliminations |  |  |  |  |  | (4,763) |  |  | (4,374) |
Total operating revenues |  |  |  |  |  | $ | 561,464 |  |  | $ | 527,778 |
Segment profit (loss): |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 65,556 |  |  | $ | 45,843 |
Scripps Networks |  |  |  |  |  | 49,654 |  |  | 51,526 |
Other |  |  |  |  |  | (6,397) |  |  | (1,532) |
Shared services and corporate |  |  |  |  |  | (21,575) |  |  | (23,405) |
Restructuring costs |  |  |  |  |  | (5,015) |  |  | (16,511) |
Depreciation and amortization of intangible assets |  |  |  |  |  | (38,688) |  |  | (38,543) |
Gains (losses), net on disposal of property and equipment |  |  |  |  |  | (147) |  |  | (896) |
Interest expense |  |  |  |  |  | (54,917) |  |  | (48,838) |
Defined benefit pension plan income |  |  |  |  |  | 177 |  |  | 134 |
Miscellaneous, net |  |  |  |  |  | 16,821 |  |  | (503) |
Income (loss) from operations before income taxes |  |  |  |  |  | $ | 5,469 |  |  | $ | (32,725) |
Depreciation: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 10,033 |  |  | $ | 9,853 |
Scripps Networks |  |  |  |  |  | 4,825 |  |  | 4,736 |
Other |  |  |  |  |  | 60 |  |  | 45 |
Shared services and corporate |  |  |  |  |  | 202 |  |  | 419 |
Total depreciation |  |  |  |  |  | $ | 15,120 |  |  | $ | 15,053 |
Amortization of intangible assets: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 8,945 |  |  | $ | 8,980 |
Scripps Networks |  |  |  |  |  | 12,977 |  |  | 13,009 |
Other |  |  |  |  |  | 451 |  |  | 449 |
Shared services and corporate |  |  |  |  |  | 1,195 |  |  | 1,052 |
Total amortization of intangible assets |  |  |  |  |  | $ | 23,568 |  |  | $ | 23,490 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Local Media |  |  |  |  |  | $ | 15,461 |  |  | $ | 7,267 |
Scripps Networks |  |  |  |  |  | 2,316 |  |  | 194 |
Other |  |  |  |  |  | 118 |  |  | — |
Shared services and corporate |  |  |  |  |  | 2 |  |  | 835 |
Total additions to property and equipment |  |  |  |  |  | $ | 17,897 |  |  | $ | 8,296 |
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) |  |  |  |  |  | 2024 |  | 2023
Operating revenues: |  |  |  |  |  |  |  |
Core advertising |  |  |  |  |  | $ | 333,790 |  |  | $ | 348,574 |
Political |  |  |  |  |  | 15,968 |  |  | 3,525 |
Distribution |  |  |  |  |  | 202,560 |  |  | 166,559 |
Other |  |  |  |  |  | 9,146 |  |  | 9,120 |
Total operating revenues |  |  |  |  |  | $ | 561,464 |  |  | $ | 527,778 |

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