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Segment Information (Tables)
 9 Months Ended
Mar. 31, 2019
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
 
 
For the nine months ended
 
 
 
March 31,
 
 
March 31,
 
 
 
2019
 
 
2018
 
 
2019
 
 
2018
 
 
 
(in millions)
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
News and Information Services
 
$
1,224
 
 
$
1,286
 
 
$
3,729
 
 
$
3,825
 
Subscription Video Services
 
 
539
 
 
 
129
 
 
 
1,666
 
 
 
394
 
Book Publishing
 
 
421
 
 
 
398
 
 
 
1,335
 
 
 
1,268
 
Digital Real Estate Services
 
 
272
 
 
 
279
 
 
 
876
 
 
 
842
 
Other
 
 
1
 
 
 
1
 
 
 
2
 
 
 
2
 
Total revenues
 
$
2,457
 
 
$
2,093
 
 
$
7,608
 
 
$
6,331
 
Segment EBITDA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
News and Information Services
 
$
73
 
 
$
87
 
 
$
309
 
 
$
302
 
Subscription Video Services
 
 
98
 
 
 
16
 
 
 
295
 
 
 
76
 
Book Publishing
 
 
53
 
 
 
41
 
 
 
209
 
 
 
167
 
Digital Real Estate Services
 
 
74
 
 
 
88
 
 
 
300
 
 
 
302
 
Other
 
 
(51
)
 
 
(51
)
 
 
(138
)
 
 
(90
)
Depreciation and amortization
 
 
(168
)
 
 
(100
)
 
 
(494
)
 
 
(297
)
Impairment and restructuring charges
 
 
(34
)
 
 
(246
)
 
 
(71
)
 
 
(273
)
Equity losses of affiliates
 
 
(4
)
 
 
(974
)
 
 
(13
)
 
 
(1,002
)
Interest (expense) income, net
 
 
(14
)
 
 
2
 
 
 
(45
)
 
 
9
 
Other, net
 
 
3
 
 
 
30
 
 
 
30
 
 
 
9
 
Income (loss) before income tax expense
 
 
30
 
 
 
(1,107
)
 
 
382
 
 
 
(797
)
Income tax expense
 
 
(7
)
 
 
(3
)
 
 
(112
)
 
 
(292
)
Net income (loss)
 
$
23
 
 
$
(1,110
)
 
$
270
 
 
$
(1,089
)
Reconciliation of Assets from Segments to Consolidated
 
 
As of

March 31, 2019
 
 
As of

June 30, 2018
 
 
 
(in millions)
 
Total assets:
 
 
 
 
 
 
 
 
News and Information Services
 
$
5,840
 
 
$
6,039
 
Subscription Video Services
 
 
4,495
 
 
 
4,738
 
Book Publishing
 
 
2,073
 
 
 
1,898
 
Digital Real Estate Services
 
 
2,209
 
 
 
2,171
 
Other
(a)
 
 
1,094
 
 
 
1,107
 
Investments
 
 
347
 
 
 
393
 
Total assets
 
$
16,058
 
 
$
16,346
 
 
(a)
The Other segment primarily includes Cash and cash equivalents.
Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated
 
 
As of

March 31, 2019
 
 
As of

June 30, 2018
 
 
 
(in millions)
 
Goodwill and intangible assets, net:
 
 
 
 
 
 
 
 
News and Information Services
 
$
2,695
 
 
$
2,730
 
Subscription Video Services
 
 
2,662
 
 
 
2,853
 
Book Publishing
 
 
778
 
 
 
804
 
Digital Real Estate Services
 
 
1,602
 
 
 
1,502
 
Total Goodwill and intangible assets, net
 
$
7,737
 
 
$
7,889