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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenues    
Television and Entertainment $ 436,033 $ 455,875
Other 3,877 12,597
Total operating revenues [1] 439,910 468,472
Operating Expenses    
Programming 141,246 124,167
Direct operating expenses 98,807 97,572
Selling, general and administrative 159,859 160,634
Depreciation [2] 13,571 14,442
Amortization 41,659 41,665
Total operating expenses 455,142 438,480
Operating (Loss) Profit [1],[3] (15,232) 29,992
Income on equity investments, net 37,037 38,252
Interest and dividend income 505 132
Interest expense (38,758) (38,141)
Loss on extinguishment and modification of debt (19,052) 0
Gain on investment transaction 4,950 0
Write-down of investment (122,000) 0
Other non-operating (loss) gain, net (26) 496
Reorganization items, net (250) (434)
(Loss) Income from Continuing Operations Before Income Taxes (152,826) 30,297
Income tax (benefit) expense (51,614) 15,195
(Loss) income from continuing operations (101,212) 15,102
Income (Loss) from Discontinued Operations, net of taxes (Note 2) 15,618 (4,009)
Net (Loss) Income $ (85,594) $ 11,093
Earnings (Loss) Per Share    
Continuing Operations $ (1.17) $ 0.16
Discontinued Operations 0.18 (0.04)
Net (Loss) Earnings Per Common Share (0.99) 0.12
Continuing Operations (1.17) 0.16
Discontinued Operations 0.18 (0.04)
Net (Loss) Earnings Per Common Share (0.99) 0.12
Regular Cash Dividend    
Earnings (Loss) Per Share    
Dividends declared per common share (usd per share) 0.25 0.25
Special Cash Dividend    
Earnings (Loss) Per Share    
Dividends declared per common share (usd per share) $ 5.77 $ 0.00
[1] (1)See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods.
[2] (3)Depreciation and amortization from discontinued operations totaled $3 million and $8 million, respectively, for the three months ended March 31, 2016.
[3] (2)Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes.