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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Revenues        
Television and Entertainment $ 494,619 $ 447,307 $ 1,421,738 $ 1,349,401
Other 3,389 3,226 9,263 10,559
Total operating revenues [1] 498,008 450,533 1,431,001 1,359,960
Operating Expenses        
Programming 161,114 199,118 373,490 497,448
Direct operating expenses 101,847 98,419 302,052 294,166
Selling, general and administrative 142,747 126,507 400,581 439,350
Depreciation 13,501 14,263 40,557 41,761
Amortization 41,675 41,678 125,043 125,001
Gain on sales of spectrum 0 0 (133,197) 0
Total operating expenses 460,884 479,985 1,108,526 1,397,726
Operating Profit (Loss) [1],[2] 37,124 (29,452) 322,475 (37,766)
Income on equity investments, net 32,381 21,058 124,086 98,856
Interest and dividend income 3,239 827 7,473 1,880
Interest expense (42,842) (40,389) (125,463) (119,332)
Pension and other postretirement periodic benefit credit, net 7,035 5,703 21,104 17,111
Loss on extinguishments and modification of debt 0 (1,435) 0 (20,487)
(Loss) gain on investment transactions, net (5,001) 5,667 (1,113) 10,617
Write-downs of investment 0 0 0 (180,800)
Other non-operating (loss) gain, net (38) 0 53 45
Reorganization items, net (244) (753) (1,822) (1,452)
Income (Loss) from Continuing Operations Before Income Taxes 31,654 (38,774) 346,793 (231,328)
Income tax (benefit) expense (22,422) (20,087) 67,096 (81,606)
Income (Loss) from Continuing Operations 54,076 (18,687) 279,697 (149,722)
Income from Discontinued Operations, net of taxes 0 0 0 15,039
Net Income (Loss) 54,076 (18,687) 279,697 (134,683)
Net loss from continuing operations attributable to noncontrolling interests 23 0 33 0
Net Income (Loss) attributable to Tribune Media Company $ 54,099 $ (18,687) $ 279,730 $ (134,683)
Earnings (Loss) Per Share        
Continuing Operations $ 0.62 $ (0.21) $ 3.19 $ (1.72)
Discontinued Operations 0.00 0.00 0.00 0.17
Net Earnings (Loss) Per Common Share 0.62 (0.21) 3.19 (1.55)
Continuing Operations 0.61 (0.21) 3.17 (1.72)
Discontinued Operations 0.00 0.00 0.00 0.17
Net Earnings (Loss) Per Common Share $ 0.61 $ (0.21) $ 3.17 $ (1.55)
[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, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes.