Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Information regarding business segments

Information regarding our business segments is as follows:

	For the years ended December 31,
(in thousands)	2019			2018			2017
Segment operating revenues:
Local Media	$	1,022,805		$	917,480		$	778,376
National Media	396,111			286,170			93,141
Other	4,920			4,775			5,455
Total operating revenues	$	1,423,836		$	1,208,425		$	876,972
Segment profit (loss):
Local Media	$	217,885		$	251,119		$	156,890
National Media	23,986			13,920			(9,260		)
Other	(3,957		)	(3,680		)	(2,361		)
Shared services and corporate	(57,409		)	(53,123		)	(50,506		)
Acquisition and related integration costs	(26,304		)	(4,124		)	—
Restructuring costs	(3,370		)	(8,911		)	(4,422		)
Depreciation and amortization of intangible assets	(86,986		)	(63,987		)	(56,343		)
Impairment of goodwill and intangible assets	—			—			(35,732		)
Gains (losses), net on disposal of property and equipment	1,692			(1,255		)	(169		)
Interest expense	(80,596		)	(36,184		)	(26,697		)
Defined benefit pension plan expense	(6,953		)	(19,752		)	(14,112		)
Miscellaneous, net	1,137			152			10,636
Income (loss) from continuing operations before income taxes	$	(20,875	)	$	74,175		$	(32,076	)
Depreciation:
Local Media	$	34,086		$	30,467		$	31,870
National Media	5,013			2,592			88
Other	148			150			208
Shared services and corporate	1,462			1,432			1,883
Total depreciation	$	40,709		$	34,641		$	34,049
Amortization of intangible assets:
Local Media	$	26,283		$	14,821		$	15,084
National Media	18,641			13,172			5,856
Shared services and corporate	1,353			1,353			1,354
Total amortization of intangible assets	$	46,277		$	29,346		$	22,294

The following table presents additions to property and equipment by segment:

	For the years ended December 31,
(in thousands)	2019		2018		2017
Additions to property and equipment:
Local Media	$	46,855	$	37,773	$	16,946
National Media	12,071		15,164		792
Other	529		—		—
Shared services and corporate	1,878		723		367
Total additions to property and equipment	$	61,333	$	53,660	$	18,105

Total assets by segment for the years ended December 31 were as follows:

	As of December 31,
(in thousands)	2019		2018		2017
Assets:
Local Media	$	2,694,667	$	1,261,526	$	1,273,735
National Media	782,030		737,987		528,479
Other	3,503		865		2,128
Shared services and corporate	81,153		129,683		189,202
Total assets of continuing operations	3,561,353		2,130,061		1,993,544
Discontinued operations	—		—		136,004
Total assets	$	3,561,353	$	2,130,061	$	2,129,548

Disaggregation of revenue

A disaggregation of the principal activities from which we generate revenue is as follows:

	For the years ended December 31,
(in thousands)	2019		2018		2017
Operating revenues:
Core advertising	$	879,629	$	696,449	$	555,228
Political	23,263		139,600		8,651
Retransmission and carriage	390,043		304,402		259,712
Other	130,901		67,974		53,381
Total operating revenues	$	1,423,836	$	1,208,425	$	876,972