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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Business Acquisition [Line Items]  
Pro forma results of operations
 
 
For the years ended December 31,
(in thousands, except per share data) (unaudited)
 
2015
 
2014
 
 
 
 
 
Operating revenues
 
$
778,118

 
$
792,718

(Loss) income from continuing operations
 
(37,452
)
 
12,079

(Loss) income per share from continuing operations
 
 
 
 
          Basic
 
$
(0.45
)
 
$
0.14

          Diluted
 
(0.45
)
 
0.14

2015 Midroll acquisition  
Business Acquisition [Line Items]  
Fair values of the assets acquired and liabilities assumed
The following table summarizes the final fair values of the assets acquired and the liabilities assumed:
(in thousands)
 
 
 
 
 
Assets:
 
 
Cash
 
$
635

Accounts receivable
 
2,925

Other assets
 
482

Intangible assets
 
10,700

Goodwill
 
45,586

Total assets acquired
 
60,328

Current liabilities
 
3,365

Net purchase price
 
$
56,963

2015 Journal acquisition  
Business Acquisition [Line Items]  
Fair values of the assets acquired and liabilities assumed
The following table summarizes the final fair values of the assets acquired and the liabilities assumed:
(in thousands)
 
 
 
 
 
Assets:
 
 
Cash
 
$
2,529

Accounts receivable
 
47,978

Other current assets
 
2,236

Property and equipment
 
123,264

Intangible assets
 
294,800

Goodwill
 
456,440

Other long-term assets
 
6,350

Assets held for sale
 
14,500

Total assets acquired
 
948,097

Accounts payable and accrued liabilities
 
38,107

Employee benefit obligations
 
85,261

Deferred tax liability
 
57,112

Long-term debt
 
126,873

Other long-term liabilities
 
4,744

Net purchase price
 
$
636,000