XML 143 R126.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Financial Statements - Statements of Operations and Comprehensive (Loss) Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Condensed Statement of Income Captions [Line Items]                      
Operating Revenues $ 488,999 $ 450,533 $ 469,517 $ 439,910 $ 529,624 $ 470,038 $ 479,796 $ 468,472 $ 1,848,959 [1] $ 1,947,930 [1] $ 1,801,967 [1]
Programming and direct operating expenses                 995,838 906,333 912,182
Selling, general and administrative                 550,193 592,220 543,065
Depreciation and amortization                 222,993 225,489 230,958
Impairment of goodwill and other intangible assets                 0 3,400 385,000
(Gain) loss on sales of real estate         (1,000)   1,000   (28,533) (213,086) 97
Total operating expenses                 1,740,491 1,514,356 2,071,302
Total operating profit (loss) 129,123 (23,749) 18,326 (15,232) 113,206 234,170 56,206 29,992 108,468 [1] 433,574 [1] (269,335) [1]
(Loss) income on equity investment, net 38,506 21,058 40,761 37,037 33,861 31,737 44,306 38,252 137,362 148,156 146,959
Interest and dividend income 1,269 827 548 505 390 476 228 132 3,149 1,226 720
Interest expense (40,055) (40,389) (40,185) (38,758) (38,211) (38,296) (38,071) (38,141) (159,387) (152,719) (148,587)
Loss on extinguishments and modification of debt 0 [2] (1,435) [2] 0 [2] (19,052) [2]         (20,487) [2] 0 (37,040)
Gain on investment transactions, net (2,486) [2] 5,667 [2] 0 [2] 4,950 [2]         8,131 [2] 0 12,173
Write-downs of investments (12,694) [2] 0 [2] (58,800) [2] (122,000) [2]         (193,494) [2] 0 0
Other non-operating items, net                 (2,038) 4,005 5,691
Intercompany income (charges)                 0 0 0
(Loss) Income from Continuing Operations Before Income Taxes 113,032 (38,774) (39,728) (152,826) 114,007 227,710 62,228 30,297 (118,296) 434,242 (289,419)
Income tax benefit (219,767) (20,087) (9,905) (51,614) 43,280 73,871 214,856 15,195 (301,373) 347,202 25,918
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes                 0 0 0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent                 179,699 87,040 (315,337)
Income (Loss) from Continuing Operations 332,799 (18,687) (29,823) (101,212) 70,727 153,839 (152,628) 15,102 183,077 87,040 (315,337)
Income (Loss) from Discontinued Operations, net of taxes (619) 0 (579) 15,618 (51,776) (8,074) (8,935) (4,009) 14,420 (72,794) (4,581)
Net Income (Loss) 332,180 (18,687) (30,402) (85,594)         197,497 14,246 (319,918)
Net income from continuing operations attributable to noncontrolling interests (3,378) 0 0 0         (3,378) 0 0
Net Income (Loss) Attributable to Tribune Media Company $ 328,802 $ (18,687) $ (30,402) $ (85,594) $ 18,951 $ 145,765 $ (161,563) $ 11,093 194,119 14,246 (319,918)
Comprehensive Income (Loss) attributable to Tribune Media Company                 227,840 3,480 (344,393)
Consolidation, Eliminations                      
Condensed Statement of Income Captions [Line Items]                      
Operating Revenues                 0 0 0
Programming and direct operating expenses                 0 0 0
Selling, general and administrative                 0 0 0
Depreciation and amortization                 0 0 0
Impairment of goodwill and other intangible assets                   0 0
(Gain) loss on sales of real estate                 0 0 0
Total operating expenses                 0 0 0
Total operating profit (loss)                 0 0 0
(Loss) income on equity investment, net                 0 0 0
Interest and dividend income                 0 0 0
Interest expense                 0 0 0
Loss on extinguishments and modification of debt                 0   0
Gain on investment transactions, net                 0   0
Write-downs of investments                 0    
Other non-operating items, net                 0 0 0
Intercompany income (charges)                 0 0 0
(Loss) Income from Continuing Operations Before Income Taxes                 0 0 0
Income tax benefit                 0 0 0
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes                 (359,477) (253,599) 202,427
Income (Loss) from Continuing Operations                 (359,477) (253,599) 202,427
Income (Loss) from Discontinued Operations, net of taxes                 1,097 60,754 3,376
Net Income (Loss)                 (358,380)    
Net income from continuing operations attributable to noncontrolling interests                 0    
Net Income (Loss) Attributable to Tribune Media Company                 (358,380) (192,845) 205,803
Comprehensive Income (Loss) attributable to Tribune Media Company                 (377,518) (188,634) 220,021
Parent Company | Reportable Legal Entities                      
Condensed Statement of Income Captions [Line Items]                      
Operating Revenues                 0 0 0
Programming and direct operating expenses                 0 0 0
Selling, general and administrative                 106,297 97,022 95,163
Depreciation and amortization                 11,522 11,249 7,465
Impairment of goodwill and other intangible assets                   0 0
(Gain) loss on sales of real estate                 0 0 0
Total operating expenses                 117,819 108,271 102,628
Total operating profit (loss)                 (117,819) (108,271) (102,628)
(Loss) income on equity investment, net                 (2,016) (2,549) (240)
Interest and dividend income                 3,085 1,149 510
Interest expense                 (158,984) (151,893) (147,616)
Loss on extinguishments and modification of debt                 (20,436)   (37,040)
Gain on investment transactions, net                 4,807   791
Write-downs of investments                 (10,194)    
Other non-operating items, net                 (1,557) 4,005 7,880
Intercompany income (charges)                 110,254 103,327 90,993
(Loss) Income from Continuing Operations Before Income Taxes                 (192,860) (154,232) (187,350)
Income tax benefit                 (28,578) 13,610 (72,742)
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes                 343,981 254,882 (200,729)
Income (Loss) from Continuing Operations                 179,699 87,040 (315,337)
Income (Loss) from Discontinued Operations, net of taxes                 14,420 (72,794) (4,581)
Net Income (Loss)                 194,119    
Net income from continuing operations attributable to noncontrolling interests                 0    
Net Income (Loss) Attributable to Tribune Media Company                 194,119 14,246 (319,918)
Comprehensive Income (Loss) attributable to Tribune Media Company                 227,840 3,480 (344,393)
Guarantor Subsidiaries | Reportable Legal Entities                      
Condensed Statement of Income Captions [Line Items]                      
Operating Revenues                 1,838,997 1,938,116 1,788,828
Programming and direct operating expenses                 989,385 902,843 903,844
Selling, general and administrative                 440,555 491,753 446,370
Depreciation and amortization                 198,949 201,504 210,465
Impairment of goodwill and other intangible assets                   3,400 385,000
(Gain) loss on sales of real estate                 (365) (213,086) 97
Total operating expenses                 1,628,524 1,386,414 1,945,776
Total operating profit (loss)                 210,473 551,702 (156,948)
(Loss) income on equity investment, net                 139,378 150,705 147,199
Interest and dividend income                 64 77 208
Interest expense                 0 0 (5)
Loss on extinguishments and modification of debt                 0   0
Gain on investment transactions, net                 3,324   8,132
Write-downs of investments                 (183,300)    
Other non-operating items, net                 (481) 0 (2,189)
Intercompany income (charges)                 (110,018) (102,979) (90,637)
(Loss) Income from Continuing Operations Before Income Taxes                 59,440 599,505 (94,240)
Income tax benefit                 (233,326) 231,136 101,450
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes                 15,496 (1,283) (1,698)
Income (Loss) from Continuing Operations                 308,262 367,086 (197,388)
Income (Loss) from Discontinued Operations, net of taxes                 (1,904) (62,777) 420
Net Income (Loss)                 306,358    
Net income from continuing operations attributable to noncontrolling interests                 0    
Net Income (Loss) Attributable to Tribune Media Company                 306,358 304,309 (196,968)
Comprehensive Income (Loss) attributable to Tribune Media Company                 312,382 301,913 (201,018)
Non-Guarantor Subsidiaries | Reportable Legal Entities                      
Condensed Statement of Income Captions [Line Items]                      
Operating Revenues                 9,962 9,814 13,139
Programming and direct operating expenses                 6,453 3,490 8,338
Selling, general and administrative                 3,341 3,445 1,532
Depreciation and amortization                 12,522 12,736 13,028
Impairment of goodwill and other intangible assets                   0 0
(Gain) loss on sales of real estate                 (28,168) 0 0
Total operating expenses                 (5,852) 19,671 22,898
Total operating profit (loss)                 15,814 (9,857) (9,759)
(Loss) income on equity investment, net                 0 0 0
Interest and dividend income                 0 0 2
Interest expense                 (403) (826) (966)
Loss on extinguishments and modification of debt                 (51)   0
Gain on investment transactions, net                 0   3,250
Write-downs of investments                 0    
Other non-operating items, net                 0 0 0
Intercompany income (charges)                 (236) (348) (356)
(Loss) Income from Continuing Operations Before Income Taxes                 15,124 (11,031) (7,829)
Income tax benefit                 (39,469) 102,456 (2,790)
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes                 0 0 0
Income (Loss) from Continuing Operations                 54,593 (113,487) (5,039)
Income (Loss) from Discontinued Operations, net of taxes                 807 2,023 (3,796)
Net Income (Loss)                 55,400    
Net income from continuing operations attributable to noncontrolling interests                 (3,378)    
Net Income (Loss) Attributable to Tribune Media Company                 52,022 (111,464) (8,835)
Comprehensive Income (Loss) attributable to Tribune Media Company                 $ 65,136 $ (113,279) $ (19,003)
[1] (1)See Note 2 for the disclosures of operating revenues and operating (loss) profit included in discontinued operations for the historical periods.
[2] See Note 5 to the Company’s consolidated financial statements for information pertaining to non-operating items recorded in 2017 and 2016.