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Segment Information (Tables)
6 Months Ended
Dec. 31, 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      For the six months ended  
     December 31,      December 31,  
     2017      2016      2017      2016  
     (in millions)  
           

Revenues:

           

News and Information Services

   $ 1,298      $ 1,303      $ 2,539      $ 2,525  

Book Publishing

     469        466        870        855  

Digital Real Estate Services

     292        242        563        468  

Cable Network Programming

     120        104        265        232  

Other

     1        1        1        1  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 2,180      $ 2,116      $ 4,238      $ 4,081  
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment EBITDA:

           

News and Information Services

   $ 140      $ 142      $ 213      $ 188  

Book Publishing

     80        75        130        123  

Digital Real Estate Services

     119        95        214        162  

Cable Network Programming

     33        51        60        65  

Other

     (43      (38      (39      (83

Depreciation and amortization

     (100      (120      (197      (240

Impairment and restructuring charges

     (12      (356      (27      (376

Equity losses of affiliates

     (18      (238      (28      (253

Interest, net

     1        15        7        22  

Other, net

     (31      123        (23      140  
  

 

 

    

 

 

    

 

 

    

 

 

 

Income (loss) before income tax (expense) benefit

     169        (251      310        (252

Income tax (expense) benefit

     (235      32        (289      33  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss)

   $ (66    $ (219    $ 21      $ (219
  

 

 

    

 

 

    

 

 

    

 

 

 
Reconciliation of Assets from Segments to Consolidated
     As of      As of  
     December 31, 2017      June 30, 2017  
     (in millions)  

Total assets:

     

News and Information Services

   $ 6,065      $ 6,142  

Book Publishing

     1,907        1,845  

Digital Real Estate Services

     2,166        2,307  

Cable Network Programming

     1,216        1,194  

Other(a)

     986        1,037  

Investments

     2,019        2,027  
  

 

 

    

 

 

 

Total assets

   $ 14,359      $ 14,552  
  

 

 

    

 

 

 

 

(a) The Other segment primarily includes Cash and cash equivalents.
Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated
     As of      As of  
     December 31, 2017      June 30, 2017  
     (in millions)  

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,957      $ 2,952  

Book Publishing

     837        835  

Digital Real Estate Services

     1,489        1,420  

Cable Network Programming

     915        912  

Other

     —          —    
  

 

 

    

 

 

 

Total goodwill and intangible assets, net

   $ 6,198      $ 6,119