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Segment Information (Tables)
3 Months Ended
Sep. 30, 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 September 30,  
     2018     2017  
     (in millions)  

Revenues:

    

News and Information Services

   $ 1,248     $ 1,241  

Subscription Video Services

     565       145  

Book Publishing

     418       401  

Digital Real Estate Services

     293       271  

Other

     —         —    
  

 

 

   

 

 

 

Total revenues

   $ 2,524     $ 2,058  
  

 

 

   

 

 

 

Segment EBITDA:

    

News and Information Services

   $ 116     $ 74  

Subscription Video Services

     113       27  

Book Publishing

     68       48  

Digital Real Estate Services

     105       95  

Other

     (44     4  

Depreciation and amortization

     (163     (97

Impairment and restructuring charges

     (18     (15

Equity losses of affiliates

     (3     (10

Interest (expense) income, net

     (16     6  

Other, net

     20       9  
  

 

 

   

 

 

 

Income before income tax expense

     178       141  

Income tax expense

     (50     (54
  

 

 

   

 

 

 

Net income

   $ 128     $ 87  
  

 

 

   

 

 

 

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

Total assets:

     

News and Information Services

   $ 5,928      $ 6,039  

Subscription Video Services

     4,671        4,738  

Book Publishing

     2,059        1,898  

Digital Real Estate Services

     2,219        2,171  

Other(a)

     1,021        1,107  

Investments

     390        393  
  

 

 

    

 

 

 

Total assets

   $ 16,288      $ 16,346  
  

 

 

    

 

 

 

 

(a) 

The Other segment primarily includes Cash and cash equivalents.

Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated

     As of
September 30, 2018
     As of
June 30, 2018
 
     (in millions)  

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,716      $ 2,730  

Subscription Video Services

     2,769        2,853  

Book Publishing

     797        804  

Digital Real Estate Services

     1,478        1,502  
  

 

 

    

 

 

 

Total Goodwill and intangible assets, net

   $ 7,760      $ 7,889