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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2012
Dec. 31, 2015
Dec. 28, 2014
Dec. 29, 2013
Operating Revenues        
Total operating revenues [1]   $ 2,010,460 $ 1,949,359 $ 1,147,240
Operating Expenses        
Selling, general and administrative   647,600 584,274 312,147
Depreciation [2]   74,289 70,187 41,187
Amortization [2]   195,230 218,287 114,717
Impairment of goodwill and other intangible assets (Note 8)   385,000    
Total operating expenses   2,273,149 1,648,177 948,200
Total operating profit (loss) [1],[3]   (262,689) 301,182 199,040
Income on equity investments, net   146,959 236,713 145,241
Interest and dividend income   829 1,368 413
Interest expense   (164,430) (157,866) (39,134)
Loss on extinguishment of debt   (37,040)    
Gain on investment transactions, net   12,173 [4] 372,485 [4] 150
Other non-operating gain (loss), net [4]   8,140 (4,804)  
Reorganization items, net [5]   (1,537) (7,268)  
Income (Loss) from Continuing Operations Before Income Taxes   (297,595) 741,810 258,907
Income tax expense   22,323 278,699 95,965
(Loss) Income from Continuing Operations   (319,918) 463,111 162,942
Income (Loss) from discontinued operations, net of taxes   0 13,552 78,613
Net (Loss) Income   $ (319,918) $ 476,663 $ 241,555
Earnings Per Share [Abstract]        
Basic (Loss) Earnings Per Common Share From Continuing Operations (usd per share)   $ (3.38) $ 4.63  
Discontinued Operations   0.00 0.13  
Net income (loss) attributable to common shareholders   (3.38) 4.76 $ 2.42
Continuing Operations   (3.38) 4.62  
Discontinued Operations   0.00 0.13  
Net income (loss) attributable to common shareholders   (3.38) $ 4.75 $ 2.41
Regular Cash Dividend        
Earnings Per Share [Abstract]        
Common Stock, Dividends, Per Share, Declared   0.75    
Special Cash Dividend        
Earnings Per Share [Abstract]        
Common Stock, Dividends, Per Share, Declared   $ 6.73    
Successor        
Operating Revenues        
Advertising   $ 1,300,313 $ 1,339,634 $ 815,333
Retransmission consent and carriage fees   368,484 286,380 103,381
Other Television and Entertainment Revenue   80,838 99,627 102,872
Television and Entertainment   1,749,635 1,725,641 1,021,586
Digital and Data   211,527 168,926 72,055
Other   49,298 54,792 53,599
Total operating revenues   2,010,460 1,949,359 1,147,240
Operating Expenses        
Programming   535,799 354,666 254,225
Direct operating expenses   435,231 420,763 225,924
Selling, general and administrative   647,600 584,274 311,447
Depreciation   74,289 70,187 41,187
Amortization   195,230 218,287 114,717
Impairment of goodwill and other intangible assets (Note 8)   385,000 0 700
Total operating expenses   2,273,149 1,648,177 948,200
Total operating profit (loss)   (262,689) 301,182 199,040
Income on equity investments, net   146,959 236,713 145,241
Interest and dividend income   829 1,368 413
Interest expense   (164,430) (157,866) (39,134)
Loss on extinguishment of debt   (37,040) 0 (28,380)
Gain on investment transactions, net   12,173 372,485 150
Other non-operating gain (loss), net   8,140 (4,804) (1,492)
Reorganization items, net   (1,537) (7,268) (16,931)
Income (Loss) from Continuing Operations Before Income Taxes   (297,595) 741,810 258,907
Income tax expense   22,323 278,699 95,965
(Loss) Income from Continuing Operations   (319,918) 463,111 162,942
Income (Loss) from discontinued operations, net of taxes   0 13,552 [6] 78,613
Net (Loss) Income   $ (319,918) $ 476,663 $ 241,555
Earnings Per Share [Abstract]        
Basic (Loss) Earnings Per Common Share From Continuing Operations (usd per share)   $ (3.38) $ 4.63 $ 1.63
Discontinued Operations   0.00 0.13 0.79
Net income (loss) attributable to common shareholders   (3.38) 4.76 2.42
Continuing Operations   (3.38) 4.62 1.62
Discontinued Operations   0.00 0.13 0.79
Net income (loss) attributable to common shareholders   (3.38) 4.75 2.41
Successor | Regular Cash Dividend        
Earnings Per Share [Abstract]        
Common Stock, Dividends, Per Share, Declared   0.75 0.00 0.00
Successor | Special Cash Dividend        
Earnings Per Share [Abstract]        
Common Stock, Dividends, Per Share, Declared   $ 6.73 $ 0.00 $ 0.00
Predecessor        
Operating Revenues        
Advertising $ 0      
Retransmission consent and carriage fees 0      
Other Television and Entertainment Revenue 0      
Television and Entertainment 0      
Digital and Data 0      
Other 0      
Total operating revenues 0      
Operating Expenses        
Programming 0      
Direct operating expenses 0      
Selling, general and administrative 0      
Depreciation 0      
Amortization 0      
Impairment of goodwill and other intangible assets (Note 8) 0      
Total operating expenses 0      
Total operating profit (loss) 0      
Income on equity investments, net 0      
Interest and dividend income 0      
Interest expense 0      
Loss on extinguishment of debt 0      
Gain on investment transactions, net 0      
Other non-operating gain (loss), net 0      
Reorganization items, net 8,284,314      
Income (Loss) from Continuing Operations Before Income Taxes 8,284,314      
Income tax expense 1,070,189      
(Loss) Income from Continuing Operations 7,214,125      
Income (Loss) from discontinued operations, net of taxes (103,901)      
Net (Loss) Income $ 7,110,224      
[1] (1)See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods.
[2] (3)Depreciation from discontinued operations totaled $19 million, and $34 million for the years ended December 28, 2014 and December 29, 2013, respectively. Amortization from discontinued operations totaled $4 million, and $6 million for the years ended December 28, 2014 and December 29, 2013, respectively.
[3] (2)Operating (loss) profit for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes.
[4] See Note 6 to the Company’s consolidated financial statements for information pertaining to non-operating items recorded in 2015 and 2014.
[5] See Note 3 to the Company’s consolidated financial statements for information pertaining to reorganization items recorded in 2015 and 2014.
[6] Results of operations for the Tribune Publishing businesses are reflected through August 4, 2014, the date of the Publishing Spin-off.