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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Selected Financial Data for the Company's Business Segment Information

Selected financial data for the Company’s business segment information is as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(dollars in millions)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

274.7

 

 

$

273.3

 

 

$

819.1

 

 

$

824.5

 

Total revenue

 

$

274.7

 

 

$

273.3

 

 

$

819.1

 

 

$

824.5

 

Operating (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

(3.3

)

 

$

(8.6

)

 

$

4.7

 

 

$

(42.4

)

Corporate

 

 

(4.0

)

 

 

(6.7

)

 

 

(17.0

)

 

 

(20.1

)

Total operating loss

 

$

(7.3

)

 

$

(15.3

)

 

$

(12.3

)

 

$

(62.5

)

Expenditures for long-lived assets*

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

115.8

 

 

$

180.4

 

 

$

403.8

 

 

$

475.8

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

0.2

 

Total expenditures for long-lived assets

 

$

115.8

 

 

$

180.4

 

 

$

403.8

 

 

$

476.0

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

80.1

 

 

$

88.2

 

 

$

237.7

 

 

$

291.3

 

Corporate

 

 

 

 

 

0.1

 

 

 

0.1

 

 

 

0.3

 

Total depreciation and amortization

 

$

80.1

 

 

$

88.3

 

 

$

237.8

 

 

$

291.6

 

 

* Includes cost of acquisitions

 

(dollars in millions)

 

September 30, 2024

 

 

December 31, 2023

 

Assets

 

 

 

 

 

 

Network

 

$

3,746.9

 

 

$

3,597.2

 

Total assets from discontinued operations

 

 

932.6

 

 

 

1,030.2

 

Corporate and eliminations

 

 

202.6

 

 

 

128.1

 

Total assets

 

$

4,882.1

 

 

$

4,755.5