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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
2018
 
Quarters
 
Total
 
First
 
Second
 
Third
 
Fourth
 
Operating Revenues
 
 
 
 
 
 
 
 
 
Television and Entertainment
$
440,702

 
$
486,417

 
$
494,619

 
$
576,940

 
$
1,998,678

Other
2,933

 
2,941

 
3,389

 
1,793

 
11,056

Total operating revenues
$
443,635

 
$
489,358

 
$
498,008

 
$
578,733

 
$
2,009,734

Operating Profit (Loss)
 
 
 
 
 
 
 
 
 
Television and Entertainment
$
211,852

 
$
119,767

 
$
67,295

 
$
184,357

 
$
583,271

Corporate and Other
(24,567
)
 
(21,701
)
 
(30,171
)
 
(18,392
)
 
(94,831
)
Total operating profit
187,285

 
98,066

 
37,124

 
165,965

 
488,440

Income on equity investments, net
39,137

 
52,568

 
32,381

 
45,249

 
169,335

Interest income
1,898

 
2,336

 
3,239

 
4,751

 
12,224

Interest expense
(40,631
)
 
(41,990
)
 
(42,842
)
 
(43,570
)
 
(169,033
)
Pension and other postretirement benefit credit, net
7,084

 
6,985

 
7,035

 
7,035

 
28,139

Gain (loss) on investment transactions, net (1)
3,888

 

 
(5,001
)
 

 
(1,113
)
Other non-operating gain (loss), net (1)
117

 
(26
)
 
(38
)
 
15

 
68

Reorganization items, net (2)
(893
)
 
(685
)
 
(244
)
 
(578
)
 
(2,400
)
Income from Continuing Operations Before Income Taxes
197,885

 
117,254

 
31,654

 
178,867

 
525,660

Income tax expense (benefit)
56,702

 
32,816

 
(22,422
)
 
46,034

 
113,130

Income from Continuing Operations
141,183

 
84,438

 
54,076

 
132,833

 
412,530

Income (Loss) from Discontinued Operations, net of taxes

 

 

 

 

Net Income
$
141,183

 
$
84,438

 
$
54,076

 
$
132,833

 
$
412,530

Net loss from continuing operations attributable to noncontrolling interests
6

 
4

 
23

 
8

 
41

Net Income attributable to Tribune Media Company
$
141,189

 
$
84,442

 
$
54,099

 
$
132,841

 
$
412,571

 
 
 
 
 
 
 
 
 
 
Basic Earnings Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
 
 
 
 
Continuing Operations
$
1.61

 
$
0.96

 
$
0.62

 
$
1.51

 
$
4.71

Discontinued Operations

 

 

 

 

Net Earnings Per Common Share
$
1.61

 
$
0.96

 
$
0.62

 
$
1.51

 
$
4.71

Diluted Earnings Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
 
 
 
 
Continuing Operations
$
1.60

 
$
0.96

 
$
0.61

 
$
1.50

 
$
4.67

Discontinued Operations

 

 

 

 

Net Earnings Per Common Share
$
1.60

 
$
0.96

 
$
0.61

 
$
1.50

 
$
4.67

 
2017
 
Quarters
 
Total
 
First
 
Second
 
Third
 
Fourth
 
Operating Revenues
 
 
 
 
 
 
 
 
 
Television and Entertainment
$
436,033

 
$
466,061

 
$
447,307

 
$
486,022

 
$
1,835,423

Other
3,877

 
3,456

 
3,226

 
2,977

 
13,536

Total operating revenues
$
439,910

 
$
469,517

 
$
450,533

 
$
488,999

 
$
1,848,959

Operating (Loss) Profit
 
 
 
 
 
 
 
 
 
Television and Entertainment
$
20,013

 
$
50,219

 
$
(1,357
)
 
$
127,225

 
$
196,100

Corporate and Other
(40,980
)
 
(37,566
)
 
(28,095
)
 
(3,806
)
 
(110,447
)
Total operating (loss) profit
(20,967
)
 
12,653

 
(29,452
)
 
123,419

 
85,653

Income on equity investments, net
37,037

 
40,761

 
21,058

 
38,506

 
137,362

Interest and dividend income
505

 
548

 
827

 
1,269

 
3,149

Interest expense
(38,758
)
 
(40,185
)
 
(40,389
)
 
(40,055
)
 
(159,387
)
Pension and other postretirement benefit credit, net
5,735

 
5,673

 
5,703

 
5,704

 
22,815

Loss on extinguishments and modification of debt (1)
(19,052
)
 

 
(1,435
)
 

 
(20,487
)
Gain (loss) on investment transactions, net (1)
4,950

 

 
5,667

 
(2,486
)
 
8,131

Write-downs of investments (1)
(122,000
)
 
(58,800
)
 

 
(12,694
)
 
(193,494
)
Other non-operating gain (loss), net (1)
(26
)
 
71

 

 
26

 
71

Reorganization items, net (2)
(250
)
 
(449
)
 
(753
)
 
(657
)
 
(2,109
)
(Loss) Income from Continuing Operations Before Income Taxes
(152,826
)
 
(39,728
)
 
(38,774
)
 
113,032

 
(118,296
)
Income tax benefit
(51,614
)
 
(9,905
)
 
(20,087
)
 
(219,767
)
 
(301,373
)
(Loss) Income from Continuing Operations
(101,212
)
 
(29,823
)
 
(18,687
)
 
332,799

 
183,077

Income (Loss) from Discontinued Operations, net of taxes
15,618

 
(579
)
 

 
(619
)
 
14,420

Net (Loss) Income
$
(85,594
)
 
$
(30,402
)
 
$
(18,687
)
 
$
332,180

 
$
197,497

Net income from continuing operations attributable to noncontrolling interests

 

 

 
(3,378
)
 
(3,378
)
Net (Loss) Income attributable to Tribune Media Company
$
(85,594
)
 
$
(30,402
)
 
$
(18,687
)
 
$
328,802

 
$
194,119

 
 
 
 
 
 
 
 
 
 
Basic (Loss) Earnings Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
 
 
 
 
Continuing Operations
$
(1.17
)
 
$
(0.34
)
 
$
(0.21
)
 
$
3.77

 
$
2.06

Discontinued Operations
0.18

 
(0.01
)
 

 
(0.01
)
 
0.17

Net (Loss) Earnings Per Common Share
$
(0.99
)
 
$
(0.35
)
 
$
(0.21
)
 
$
3.76

 
$
2.23

 
 
 
 
 
 
 
 
 
 
Diluted (Loss) Earnings Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
 
 
 
 
Continuing Operations
$
(1.17
)
 
$
(0.34
)
 
$
(0.21
)
 
$
3.73

 
$
2.04

Discontinued Operations
0.18

 
(0.01
)
 

 
(0.01
)
 
0.16

Net (Loss) Earnings Per Common Share
$
(0.99
)

$
(0.35
)

$
(0.21
)

$
3.72


$
2.20

 
(1)
See Note 3 to the Company’s consolidated financial statements for information pertaining to non-operating items recorded in 2018 and 2017.
(2)
See Note 10 to the Company’s consolidated financial statements for information pertaining to reorganization items recorded in 2018 and 2017.