Segment Information

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

We determine our business segments based upon our management and internal reporting structure. Our reportable segments are strategic businesses that offer different products and services.

Our television segment includes 10 ABC affiliates, three NBC affiliates, one independent station that we operate as a duopoly with our Kansas City NBC affiliate and five Azteca America affiliates. Our television stations reach approximately 13% of the nation’s households. Television stations earn revenue primarily from the sale of advertising time to local and national advertisers and retransmission fees received from cable operators and satellite carriers.

Our newspaper segment includes daily and community newspapers in 13 markets across the United States. Newspapers earn revenue primarily from the sale of advertising space to local and national advertisers and newspaper subscription fees.

Syndication and other primarily includes certain digital operations outside of our television and newspaper markets and syndication of news features and comics and other features for the newspaper industry. Newsy, a digital video news services, is also included in syndication and other.

We allocate a portion of certain corporate costs and expenses, including information technology, certain employee benefits, digital operation services and other shared services, to our business segments. The allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes, and deferred income taxes. A portion of our digital operations, which is not allocated to our television and newspaper segments, is included in shared services and corporate.

Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan expense (other than current service cost), income taxes, depreciation and amortization, impairment charges, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America.

Information regarding our business segments is as follows:

	Three Months Ended   March 31,
(in thousands)	2014			2013
Segment operating revenues:
Television	$	102,142		$	96,866
Newspapers	98,490			99,488
Syndication and other	3,162			2,299
Total operating revenues	$	203,794		$	198,653
Segment profit (loss):
Television	$	20,972		$	16,492
Newspapers	8,549			5,937
Syndication and other	212			478
Shared services and corporate	(14,358		)	(11,847		)
Defined benefit pension plan expense	(1,378		)	(1,969		)
Acquisition and related integration costs	(262		)	—
Separation and restructuring costs	—			(976		)
Depreciation and amortization of intangibles	(11,729		)	(11,814		)
(Losses) gains, net on disposal of property, plant and equipment	(68		)	(5		)
Interest expense	(2,254		)	(2,613		)
Miscellaneous, net	(445		)	(1,304		)
Loss from operations before income taxes	$	(761	)	$	(7,621	)
Depreciation:
Television	$	5,111		$	5,591
Newspapers	3,987			4,113
Syndication and other	98			19
Shared services and corporate	612			379
Total depreciation	$	9,808		$	10,102
Amortization of intangibles:
Television	$	1,599		$	1,577
Newspapers	118			135
Syndication and other	204			—
Total amortization of intangibles	$	1,921		$	1,712
Additions to property, plant and equipment:
Television	$	1,732		$	1,887
Newspapers	219			889
Syndication and other	28			—
Shared services and corporate	605			2,203
Total additions to property, plant and equipment	$	2,584		$	4,979

No single customer provides more than 10% of our revenue.