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Segment Information (Reconciliation Of Total Segment Profit To The Company's Income (Loss) Before Income Taxes) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2019

Dec. 31, 2018

Segment Reporting Information [Line Items]

Company’s total segment profit

$ 147.4

$ 197.6

$ 409.4

$ 496.2

Adjusted depreciation and amortization

^[1]

(10.5)

(10.1)

(31.5)

(30.4)

Restructuring and other

(3.7)

(16.5)

(16.8)

(42.1)

Programming and content charges

^[2]

(74.0)

0.0

(74.0)

0.0

Adjusted share-based compensation expense

(17.2)

(11.1)

(41.0)

(41.3)

Operating income (loss)

(39.5)

86.8

14.9

164.0

Interest expense

(48.7)

(45.3)

(145.7)

(152.2)

Shareholder litigation settlements

^[3]

0.0

0.0

0.0

(114.1)

Interest and other income

2.0

2.9

7.0

9.0

Other expense

(3.6)

(1.8)

(9.7)

(1.8)

Loss on extinguishment of debt

(1.4)

0.0

(1.4)

0.0

Loss on investments

0.0

(6.2)

(0.3)

(43.2)

Equity interests loss

(4.6)

(11.0)

(15.7)

(28.8)

Income (loss) before income taxes

(95.8)

25.4

(150.9)

(167.1)

Operating segments

Segment Reporting Information [Line Items]

Company’s total segment profit

147.4

197.6

409.4

496.2

Corporate general and administrative expense

Segment Reporting Information [Line Items]

Corporate general and administrative expenses

(23.4)

(26.2)

(73.0)

(79.2)

Corporate and reconciling items

Segment Reporting Information [Line Items]

Restructuring and other

^[4]

(3.7)

(16.5)

(16.8)

(42.1)

Programming and content charges

^[5]

(74.0)

0.0

(74.0)

0.0

Adjusted share-based compensation expense

^[6]

(17.2)

(11.1)

(41.0)

(41.3)

Purchase accounting and related adjustments

^[7]

(58.1)

(46.9)

(158.2)

(139.2)

Media Networks | Operating segments

Segment Reporting Information [Line Items]

Company’s total segment profit

102.1

134.1

267.3

345.4

Media Networks | Corporate and reconciling items

Segment Reporting Information [Line Items]

Programming and content charges

(66.2)

(66.2)

Television Production | Operating segments

Segment Reporting Information [Line Items]

Company’s total segment profit

(5.7)

$ 21.2

31.9

$ 46.5

Television Production | Corporate and reconciling items

Segment Reporting Information [Line Items]

Programming and content charges

$ (7.8)

$ (7.8)

[1]

Adjusted depreciation and amortization represents depreciation and amortization as presented on our unaudited condensed consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in recent acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below:

	Three Months Ended								Nine Months Ended
	December 31,								December 31,
	2019				2018				2019				2018
	(Amounts in millions)
Depreciation and amortization	$	51.9			$	41.0			$	143.0			$	122.1
Less: Amount included in purchase accounting and related adjustments	(41.4		)		(30.9		)		(111.5		)		(91.7		)
Adjusted depreciation and amortization	$	10.5			$	10.1			$	31.5			$	30.4

[2]

During the three months ended December 31, 2019, in connection with recent management changes, the Company implemented changes to its programming and broadcasting strategy including programming acquired or produced under prior management. As a result, the Company recorded certain programming and content charges of $74.0 million in the three and nine months ended December 31, 2019, which are included in direct operating expense in the unaudited condensed consolidated statement of operations.

[3]

Shareholder litigation settlements of $114.1 million in the nine months ended December 31, 2018 includes the following: (i) $54.8 million for the net expense recorded for the settlement of the Fiduciary Litigation (representing the settlement amount of $92.5 million, net of aggregate insurance reimbursement of $37.8 million (see Note 16) and (ii) $59.3 million related to the Appraisal Litigation, representing the amount by which the settlement amount of approximately $964 million exceeded the previously accrued (at date of acquisition) dissenting shareholders' liability plus interest through the date agreed in the settlement.

[4]

Restructuring and other includes restructuring and severance costs, certain transaction and related costs, and certain unusual items, when applicable (see Note 14).

[5]

During the three months ended December 31, 2019, in connection with recent management changes, the Company implemented changes to its programming and broadcasting strategy including programming acquired or produced under prior management. As a result, the Company recorded certain programming and content charges of $74.0 million in the three and nine months ended December 31, 2019 (representing $66.2 million related to the Media Networks segment, and $7.8 million related to the Television Production segment), which are included in direct operating expense in the unaudited condensed consolidated statement of operations.

[6]

The following table reconciles total share-based compensation expense to adjusted share-based compensation expense:

	Three Months Ended								Nine Months Ended
	December 31,								December 31,
	2019				2018				2019				2018
									(Amounts in millions)
Total share-based compensation expense	$	17.2			$	13.5			$	41.3			$	43.7
Less:
Amount included in restructuring and other(i)	—				(2.4		)		(0.3		)		(2.4		)
Adjusted share-based compensation	$	17.2			$	11.1			$	41.0			$	41.3

(i)

Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements.

[7]

Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in recent acquisitions. These adjustments include the accretion of the noncontrolling interest discount related to Pilgrim Media Group and 3 Arts Entertainment, the amortization of the recoupable portion of the purchase price and the expense associated with the earned distributions related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense. The following sets forth the amounts included in each line item in the financial statements:

	Three Months Ended								Nine Months Ended
	December 31,								December 31,
	2019				2018				2019				2018
	(Amounts in millions)
Purchase accounting and related adjustments:
Direct operating	$	5.1			$	2.9			$	7.6			$	16.5
General and administrative expense	11.6				13.1				39.1				31.0
Depreciation and amortization	41.4				30.9				111.5				91.7
	$	58.1			$	46.9			$	158.2			$	139.2

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