Segment Data (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Financial Information

Segment financial information is included in the following tables for the periods presented (in thousands):

Three Months Ended September 30, 2020	Broadcast		Other			Consolidated
Net revenue	$	1,094,804	$	23,399		$	1,118,203
Depreciation		31,096		5,515			36,611
Amortization of intangible assets		68,591		674			69,265
Income (loss) from operations		377,172		(33,575	)		343,597

Nine Months Ended September 30, 2020	Broadcast		Other			Consolidated
Net revenue	$	3,060,279	$	64,379		$	3,124,658
Depreciation		91,187		16,600			107,787
Amortization of intangible assets		206,617		2,743			209,360
Income (loss) from operations		958,592		(113,727	)		844,865

Three Months Ended September 30, 2019	Broadcast		Other			Consolidated
Net revenue	$	637,148	$	26,427		$	663,575
Depreciation		26,538		2,825			29,363
Amortization of intangible assets		37,215		5,228			42,443
Income (loss) from operations		189,408		(67,793	)		121,615

Nine Months Ended September 30, 2019	Broadcast		Other			Consolidated
Net revenue	$	1,858,226	$	81,008		$	1,939,234
Depreciation		75,587		9,303			84,890
Amortization of intangible assets		98,830		16,708			115,538
Income (loss) from operations		550,001		(151,368	)		398,633

As of September 30, 2020	Broadcast		Other		Consolidated
Goodwill	$	2,861,314	$	-	$	2,861,314
Assets		12,169,206		1,121,296		13,290,502

As of December 31, 2019	Broadcast		Other		Consolidated
Goodwill	$	2,996,875	$	-	$	2,996,875
Assets		12,918,966		1,070,771		13,989,737

Summary of Disaggregation of Revenue

The following tables present the disaggregation of the Company’s revenue for the periods presented (in thousands):

Three Months Ended September 30, 2020	Broadcast		Other		Consolidated
Core advertising (local and national)	$	381,929	$	-	$	381,929
Political advertising		132,387		-		132,387
Distribution		538,271		105		538,376
Digital		33,488		21,743		55,231
Other		6,609		1,551		8,160
Trade		2,120		-		2,120
Total net revenue	$	1,094,804	$	23,399	$	1,118,203

Nine Months Ended September 30, 2020	Broadcast		Other		Consolidated
Core advertising (local and national)	$	1,097,509	$	39	$	1,097,548
Political advertising		209,294		-		209,294
Distribution		1,622,639		1,997		1,624,636
Digital		100,949		57,383		158,332
Other		22,015		4,960		26,975
Trade		7,873		-		7,873
Total net revenue	$	3,060,279	$	64,379	$	3,124,658

Three Months Ended September 30, 2019	Broadcast		Other		Consolidated
Core advertising (local and national)	$	290,213	$	-	$	290,213
Political advertising		10,899		-		10,899
Distribution		294,808		-		294,808
Digital		32,385		25,752		58,137
Other		4,995		675		5,670
Trade		3,848		-		3,848
Total net revenue	$	637,148	$	26,427	$	663,575

Nine Months Ended September 30, 2019	Broadcast		Other		Consolidated
Core advertising (local and national)	$	809,668	$	-	$	809,668
Political advertising		15,363		-		15,363
Distribution		923,050		-		923,050
Digital		86,906		80,303		167,209
Other		12,454		705		13,159
Trade		10,785		-		10,785
Total net revenue	$	1,858,226	$	81,008	$	1,939,234