Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Information regarding our business segments is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019

Segment operating revenues:
Local Media	$	403,769	$	252,392	$	1,002,320	$	692,494
National Media	89,413		78,285		260,835		231,937
Other	80		180		3,213		3,913
Total operating revenues	$	493,262	$	330,857	$	1,266,368	$	928,344
Segment profit (loss):
Local Media	$	144,561	$	49,678	$	232,798	$	138,180
National Media	12,138		9,727		39,879		31,414
Other	(1,566)		(1,270)		(1,632)		(3,188)
Shared services and corporate	(12,128)		(14,167)		(43,705)		(43,444)
Acquisition and related integration costs	(10,928)		(16,736)		(16,059)		(23,004)
Restructuring costs	—		(27)		—		(1,922)
Depreciation and amortization of intangible assets	(26,856)		(21,661)		(80,846)		(58,199)

Gains (losses), net on disposal of property and equipment	2,012		11		(728)		(306)
Interest expense	(21,387)		(26,537)		(70,184)		(53,476)
Defined benefit pension plan expense	(1,261)		(2,071)		(3,313)		(5,207)
Miscellaneous, net	1,488		2,042		1,050		1,611
Income (loss) from continuing operations before income taxes	$	86,073	$	(21,011)	$	57,260	$	(17,541)
Depreciation:
Local Media	$	10,455	$	8,197	$	32,719	$	24,179
National Media	1,691		1,233		4,328		3,090
Other	76		43		154		120
Shared services and corporate	346		360		1,114		1,069
Total depreciation	$	12,568	$	9,833	$	38,315	$	28,458
Amortization of intangible assets:
Local Media	$	9,133	$	7,438	$	28,453	$	16,864
National Media	4,816		4,052		13,063		11,862
Shared services and corporate	339		338		1,015		1,015
Total amortization of intangible assets	$	14,288	$	11,828	$	42,531	$	29,741
Additions to property and equipment:
Local Media	$	9,134	$	8,460	$	35,351	$	30,351
National Media	1,375		2,150		3,416		10,712
Other	51		308		56		518
Shared services and corporate	78		374		294		980
Total additions to property and equipment	$	10,638	$	11,292	$	39,117	$	42,561

Disaggregation of Principal Revenue Generating Activities

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


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019

Operating revenues:
Core advertising	$	221,713	$	210,621	$	638,275	$	587,073
Political	98,313		5,037		131,749		8,033
Retransmission and carriage	153,888		97,128		437,121		277,736
Other	19,348		18,071		59,223		55,502
Total operating revenues	$	493,262	$	330,857	$	1,266,368	$	928,344