Financial Information about Industry Segments (Tables)

9 Months Ended

Mar. 31, 2021

The following table presents financial information by segment:


	Three Months				Nine Months
Periods ended March 31,	2021		2020		2021		2020
(In millions)
Revenues
National media	$	464.9	$	506.9	$	1,508.6	$	1,637.0
Local media	200.5		195.2		754.9		602.0
Total revenues, gross	665.4		702.1		2,263.5		2,239.0
Intersegment revenue elimination	(0.9)		(0.4)		(4.0)		(1.6)
Total revenues	$	664.5	$	701.7	$	2,259.5	$	2,237.4

Segment profit (loss)
National media	$	134.8	$	(303.1)	$	280.6	$	(174.5)
Local media	50.8		24.4		266.3		117.6
Unallocated corporate	(25.8)		(15.3)		(60.6)		(60.3)
Income (loss) from operations	159.8		(294.0)		486.3		(117.2)
Non-operating income (expense), net	2.1		(2.4)		7.9		(1.0)
Interest expense, net	(54.1)		(36.6)		(140.7)		(112.4)
Earnings (loss) from continuing operations before income taxes	$	107.8	$	(333.0)	$	353.5	$	(230.6)

Depreciation and amortization
National media	$	27.7	$	42.2	$	108.3	$	137.4
Local media	7.5		9.8		24.8		29.3
Unallocated corporate	0.4		1.5		1.3		3.9
Total depreciation and amortization	$	35.6	$	53.5	$	134.4	$	170.6