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Segment Information (Tables)
9 Months Ended
Mar. 31, 2018
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 nine months ended  
     March 31,      March 31,  
     2018      2017      2018      2017  
     (in millions)  

Revenues:

           

News and Information Services

   $ 1,286      $ 1,263      $ 3,825      $ 3,788  

Book Publishing

     398        374        1,268        1,229  

Digital Real Estate Services

     279        219        842        687  

Cable Network Programming

     129        122        394        354  

Other

     1        —          2        1  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 2,093      $ 1,978      $ 6,331      $ 6,059  
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment EBITDA:

           

News and Information Services

   $ 85      $ 123      $ 298      $ 311  

Book Publishing

     43        37        173        160  

Digital Real Estate Services

     88        75        302        237  

Cable Network Programming

     16        34        76        99  

Other

     (50      (54      (89      (137

Depreciation and amortization

     (100      (109      (297      (349

Impairment and restructuring charges

     (246      (33      (273      (409

Equity losses of affiliates

     (974      (23      (1,002      (276

Interest, net

     2        8        9        30  

Other, net

     29        (13      6        127  
  

 

 

    

 

 

    

 

 

    

 

 

 

(Loss) income before income tax expense

     (1,107      45        (797      (207

Income tax expense

     (3      (45      (292      (12
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss

   $ (1,110    $ —        $ (1,089    $ (219
  

 

 

    

 

 

    

 

 

    

 

 

 
Reconciliation of Assets from Segments to Consolidated
     As of      As of  
     March 31, 2018      June 30, 2017  
     (in millions)  

Total assets:

     

News and Information Services

   $ 6,286      $ 6,142  

Book Publishing

     1,853        1,845  

Digital Real Estate Services

     2,175        2,307  

Cable Network Programming

     1,054        1,194  

Other(a)

     1,047        1,037  

Investments

     957        2,027  
  

 

 

    

 

 

 

Total assets

   $ 13,372      $ 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  
     March 31, 2018      June 30, 2017  
     (in millions)  

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,801      $ 2,952  

Book Publishing

     835        835  

Digital Real Estate Services

     1,458        1,420  

Cable Network Programming

     856        912  
  

 

 

    

 

 

 

Total goodwill and intangible assets, net

   $ 5,950      $ 6,119