Leases and Other Commitments

12 Months Ended

Dec. 31, 2014

Leases And Other Commitments [Abstract]

LEASES AND OTHER COMMITMENTS

The Company leases real property under operating agreements. Many of the leases contain renewal options and escalation clauses that require payments of additional rent to the extent of increases in the related operating costs.

At December 31, 2014, future minimum rental payments under noncancelable operating leases approximate the following:



(in thousands)
2015	$	122,527
2016	115,772
2017	101,638
2018	83,628
2019	66,966
Thereafter	347,329
	$	837,860

____________

Includes a Kaplan lease signed January 31, 2015 with a total obligation of $16.5 million.

Minimum payments have not been reduced by minimum sublease rentals of $94.2 million due in the future under noncancelable subleases, including $61.5 million related to a Kaplan sublease signed February 5, 2015.

Rent expense under operating leases, including a portion reported in discontinued operations, was approximately $105.5 million, $118.5 million and $127.2 million in 2014, 2013 and 2012, respectively. Sublease income was approximately $5.4 million, $5.4 million and $4.4 million in 2014, 2013 and 2012, respectively.

The Company’s broadcast subsidiaries are parties to certain agreements that commit them to purchase programming to be produced in future years. At December 31, 2014, such commitments amounted to approximately $21.0 million. If such programs are not produced, the Company’s commitment would expire without obligation.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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