Segment Information (Tables)

6 Months Ended

Dec. 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).

Segment information is summarized as follows:

	For the three  months ended December 31,						For the six months ended December 31,
	2018			2017			2018			2017
	(in millions)
Revenues:
News and Information Services	$	1,257		$	1,298		$	2,505		$	2,539
Subscription Video Services		562			120			1,127			265
Book Publishing		496			469			914			870
Digital Real Estate Services		311			292			604			563
Other		1			1			1			1
Total revenues	$	2,627		$	2,180		$	5,151		$	4,238
Segment EBITDA:
News and Information Services	$	120		$	141		$	236		$	215
Subscription Video Services		84			33			197			60
Book Publishing		88			78			156			126
Digital Real Estate Services		121			119			226			214
Other		(43	)		(43	)		(87	)		(39	)
Depreciation and amortization		(163	)		(100	)		(326	)		(197	)
Impairment and restructuring charges		(19	)		(12	)		(37	)		(27	)
Equity losses of affiliates		(6	)		(18	)		(9	)		(28	)
Interest (expense) income, net		(15	)		1			(31	)		7
Other, net		7			(30	)		27			(21	)
Income before income tax expense		174			169			352			310
Income tax expense		(55	)		(235	)		(105	)		(289	)
Net income (loss)	$	119		$	(66	)	$	247		$	21

Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Total assets:
News and Information Services	$	5,905	$	6,039
Subscription Video Services		4,618		4,738
Book Publishing		2,141		1,898
Digital Real Estate Services		2,189		2,171
Other(a)		1,029		1,107
Investments		345		393
Total assets	$	16,227	$	16,346

(a) The Other segment primarily includes Cash and cash equivalents.

Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Goodwill and intangible assets, net:
News and Information Services	$	2,737	$	2,730
Subscription Video Services		2,684		2,853
Book Publishing		773		804
Digital Real Estate Services		1,602		1,502
Total Goodwill and intangible assets, net	$	7,796	$	7,889