Business Segments

6 Months Ended

Jun. 30, 2018

NOTE 15: BUSINESS SEGMENTS

The following table summarizes business segment financial data for the three and six months ended June 30, 2018 and June 30, 2017 (in thousands):



	Three Months Ended						Six Months Ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Operating Revenues from Continuing Operations (1)
Television and Entertainment	$	486,417		$	466,061		$	927,119		$	902,094
Corporate and Other	2,941			3,456			5,874			7,333
Total operating revenues	$	489,358		$	469,517		$	932,993		$	909,427
Operating Profit (Loss) from Continuing Operations (1)(2)
Television and Entertainment	$	119,767		$	50,219		$	331,619		$	70,232
Corporate and Other	(21,701		)	(37,566		)	(46,268		)	(78,546		)
Total operating profit (loss)	$	98,066		$	12,653		$	285,351		$	(8,314	)
Depreciation from Continuing Operations
Television and Entertainment	$	10,941		$	10,530		$	21,811		$	20,569
Corporate and Other	2,340			3,397			5,245			6,929
Total depreciation	$	13,281		$	13,927		$	27,056		$	27,498
Amortization from Continuing Operations
Television and Entertainment	$	41,681		$	41,664		$	83,368		$	83,323
Capital Expenditures
Television and Entertainment	$	7,433		$	11,727		$	17,559		$	22,534
Corporate and Other	3,841			1,738			7,388			3,987
Discontinued Operations	—			—			—			1,578
Total capital expenditures	$	11,274		$	13,465		$	24,947		$	28,099



	June 30, 2018		December 31, 2017
Assets
Television and Entertainment	$	6,970,720	$	7,197,859
Corporate and Other	1,059,643		932,569
Assets held for sale (3)	28,955		38,900
Total assets	$	8,059,318	$	8,169,328


(1)	See Note 2 for the disclosures of operating revenues and operating loss included in discontinued operations for the historical periods.


(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.


(3)	See Note 3 for information regarding assets held for sale.