XML 39 R33.htm IDEA: XBRL DOCUMENT v3.25.2
Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Selected Financial Data for the Company's Business Segment Information

Our business segment information is as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(dollars in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

274.8

 

 

$

272.8

 

 

$

551.2

 

 

$

544.4

 

Total revenue

 

$

274.8

 

 

$

272.8

 

 

$

551.2

 

 

$

544.4

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

17.6

 

 

$

4.2

 

 

$

33.9

 

 

$

8.0

 

Corporate

 

 

(6.2

)

 

 

(6.4

)

 

 

(11.8

)

 

 

(13.0

)

Total operating income (loss)

 

$

11.4

 

 

$

(2.2

)

 

$

22.1

 

 

$

(5.0

)

Expenditures for long-lived assets*

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

140.0

 

 

$

132.7

 

 

$

280.4

 

 

$

288.0

 

Corporate

 

 

3.1

 

 

 

 

 

 

5.9

 

 

 

 

Total expenditures for long-lived assets

 

$

143.1

 

 

$

132.7

 

 

$

286.3

 

 

$

288.0

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

87.2

 

 

$

80.2

 

 

$

171.8

 

 

$

157.6

 

Corporate

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

Total depreciation and amortization

 

$

87.3

 

 

$

80.3

 

 

$

171.9

 

 

$

157.7

 

* Includes cost of acquisitions

Summary of Information About Network Segment Significant Expenses

The following table provides information about the Network segment significant expenses that are reviewed by the CODM, that are not separately presented on the Company's consolidated statements of operations:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(dollars in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Network Revenue

 

$

274.8

 

 

$

272.8

 

 

$

551.2

 

 

$

544.4

 

Less: Significant and other segment expenses

 

 

 

 

 

 

 

 

 

 

 

 

Employee and related costs

 

 

44.8

 

 

 

57.0

 

 

 

90.0

 

 

 

112.2

 

Programming expense

 

 

35.8

 

 

 

38.3

 

 

 

70.6

 

 

 

76.9

 

Network expense

 

 

5.9

 

 

 

8.3

 

 

 

13.4

 

 

 

17.5

 

Contract services

 

 

22.8

 

 

 

24.6

 

 

 

45.0

 

 

 

47.1

 

Other expenses

 

 

60.9

 

 

 

60.5

 

 

 

123.0

 

 

 

125.2

 

Depreciation and amortization expense

 

 

87.2

 

 

 

80.2

 

 

 

171.8

 

 

 

157.6

 

Restructuring and severance related charges

 

 

(0.2

)

 

 

(0.3

)

 

 

3.5

 

 

 

(0.1

)

Network operating costs and expenses

 

 

257.2

 

 

 

268.6

 

 

 

517.3

 

 

 

536.4

 

Network operating income

 

$

17.6

 

 

$

4.2

 

 

$

33.9

 

 

$

8.0