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Segment Information (Tables)
3 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated

Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

 


     For the three months ended
September 30,
 
     2017     2016  
     (in millions)  

Revenues:

    

News and Information Services

   $ 1,241     $ 1,222  

Book Publishing

     401       389  

Digital Real Estate Services

     271       226  

Cable Network Programming

     145       128  

Other

     —         —    
  

 

 

   

 

 

 

Total revenues

     2,058       1,965  
  

 

 

   

 

 

 

Segment EBITDA:

    

News and Information Services

   $ 73     $ 46  

Book Publishing

     50       48  

Digital Real Estate Services

     95       67  

Cable Network Programming

     27       14  

Other

     4       (45

Depreciation and amortization

     (97     (120

Restructuring charges

     (15     (20

Equity losses of affiliates

     (10     (15

Interest, net

     6       7  

Other, net

     8       17  
  

 

 

   

 

 

 

Income (loss) before income tax (expense) benefit

     141       (1

Income tax (expense) benefit

     (54     1  
  

 

 

   

 

 

 

Net income

   $ 87     $ —    
  

 

 

   

 

 

 
Reconciliation of Assets from Segments to Consolidated

Total assets:

    

News and Information Services

   $ 6,170     $ 6,142  

Book Publishing

     1,868       1,845  

Digital Real Estate Services

     2,351       2,307  

Cable Network Programming

     1,219       1,194  

Other(a)

     1,010       1,037  

Investments

     2,044       2,027  
  

 

 

   

 

 

 

Total assets

   $ 14,662     $ 14,552  
  

 

 

   

 

 

 

 

(a)

The Other segment primarily includes Cash and cash equivalents.

 

Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,960      $ 2,952  

Book Publishing

     845        835  

Digital Real Estate Services

     1,494        1,420  

Cable Network Programming

     924        912  

Other

     —          —    
  

 

 

    

 

 

 

Total goodwill and intangible assets, net

   $ 6,223      $ 6,119