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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues        
Television and Entertainment $ 486,417 $ 466,061 $ 927,119 $ 902,094
Other 2,941 3,456 5,874 7,333
Total operating revenues [1] 489,358 469,517 932,993 909,427
Operating Expenses        
Programming 111,635 157,084 212,376 298,330
Direct operating expenses 98,817 96,940 200,205 195,747
Selling, general and administrative 125,878 147,249 257,834 312,843
Depreciation 13,281 13,927 27,056 27,498
Amortization 41,681 41,664 83,368 83,323
Gain on sales of spectrum 0 0 (133,197) 0
Total operating expenses 391,292 456,864 647,642 917,741
Operating Profit (Loss) [1],[2] 98,066 12,653 285,351 (8,314)
Income on equity investments, net 52,568 40,761 91,705 77,798
Interest and dividend income 2,336 548 4,234 1,053
Interest expense (41,990) (40,185) (82,621) (78,943)
Pension and other postretirement periodic benefit credit, net 6,985 5,673 14,069 11,408
Loss on extinguishment and modification of debt 0 0 0 (19,052)
Gain on investment transactions 0 0 3,888 4,950
Write-downs of investment 0 (58,800) 0 (180,800)
Other non-operating (loss) gain, net (26) 71 91 45
Reorganization items, net (685) (449) (1,578) (699)
Income (Loss) from Continuing Operations Before Income Taxes 117,254 (39,728) 315,139 (192,554)
Income tax expense (benefit) 32,816 (9,905) 89,518 (61,519)
Income (Loss) from Continuing Operations 84,438 (29,823) 225,621 (131,035)
Income (Loss) from Discontinued Operations, net of taxes 0 (579) 0 15,039
Net Income (Loss) 84,438 (30,402) 225,621 (115,996)
Net loss from continuing operations attributable to noncontrolling interests 4 0 10 0
Net Income (Loss) attributable to Tribune Media Company $ 84,442 $ (30,402) $ 225,631 $ (115,996)
Earnings (Loss) Per Share        
Continuing Operations $ 0.96 $ (0.34) $ 2.58 $ (1.51)
Discontinued Operations 0.00 (0.01) 0.00 0.17
Net Earnings (Loss) Per Common Share 0.96 (0.35) 2.58 (1.34)
Continuing Operations 0.96 (0.34) 2.55 (1.51)
Discontinued Operations 0.00 (0.01) 0.00 0.17
Net Earnings (Loss) Per Common Share 0.96 (0.35) 2.55 (1.34)
Regular Cash Dividend        
Earnings (Loss) Per Share        
Dividends declared per common share (usd per share) 0.25 0.25 0.50 0.50
Special Cash Dividend        
Earnings (Loss) Per Share        
Dividends declared per common share (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 5.77
[1] (1)See Note 2 for the disclosures of operating revenues and operating loss included in discontinued operations for the historical periods.
[2] (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.