Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

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	323,674		235,107		61,942
Other	4,920		4,775		5,455
Total operating revenues	$	1,351,399	$	1,157,362	$	845,773
Segment profit (loss):
Local Media	$	217,885	$	251,119	$	156,890
National Media	43,166		29,168		(6,656)
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	(84,344)		(60,711)		(52,906)
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)		(26,552)
Defined benefit pension plan expense	(6,953)		(19,752)		(14,112)
Miscellaneous, net	1,194		123		7,436
Income (loss) from continuing operations before income taxes	$	1,004	$	92,670	$	(29,090)
Depreciation:
Local Media	$	34,086	$	30,467	$	31,870
National Media	4,302		2,336		88
Other	148		150		208
Shared services and corporate	1,462		1,432		1,883
Total depreciation	$	39,998	$	34,385	$	34,049
Amortization of intangible assets:
Local Media	$	26,283	$	14,821	$	15,084
National Media	16,710		10,152		2,419
Shared services and corporate	1,353		1,353		1,354
Total amortization of intangible assets	$	44,346	$	26,326	$	18,857

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	11,963		9,004		289
Other	529		—		—
Shared services and corporate	1,878		723		367
Total additions to property and equipment	$	61,225	$	47,500	$	17,602

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	680,764		655,718		459,694
Other	3,503		865		2,128
Shared services and corporate	81,657		129,969		189,433
Total assets of continuing operations	3,460,591		2,048,078		1,924,990
Discontinued operations	101,266		82,269		204,789
Total assets	$	3,561,857	$	2,130,347	$	2,129,779

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	$	861,386	$	686,229	$	548,457
Political	23,263		139,600		8,651
Retransmission and carriage	390,043		304,402		259,712
Other	76,707		27,131		28,953
Total operating revenues	$	1,351,399	$	1,157,362	$	845,773