Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Information regarding our business segments is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022

Segment operating revenues:
Local Media	$	353,061	$	378,438	$	1,017,203	$	1,060,918
Scripps Networks	215,393		235,401		663,095		713,398
Other	2,620		2,594		10,149		10,638
Intersegment eliminations	(4,545)		(4,332)		(13,304)		(12,680)
Total operating revenues	$	566,529	$	612,101	$	1,677,143	$	1,772,274
Segment profit (loss):
Local Media	$	74,865	$	99,607	$	201,725	$	234,742
Scripps Networks	49,661		71,984		161,530		230,357
Other	(6,263)		(6,791)		(14,074)		(12,253)
Shared services and corporate	(20,810)		(19,611)		(67,546)		(60,937)
Acquisition and related integration costs	—		—		—		(1,642)
Restructuring costs	(4,705)		—		(29,208)		—
Depreciation and amortization of intangible assets	(38,588)		(39,565)		(115,759)		(120,329)
Impairment of goodwill	—		—		(686,000)		—
Gains (losses), net on disposal of property and equipment	(1,066)		(1,593)		(2,320)		(5,651)
Interest expense	(56,916)		(41,917)		(158,029)		(114,427)
Gain on extinguishment of debt	—		—		—		1,234
Defined benefit pension plan income	251		683		519		2,008


Miscellaneous, net	1,309		(494)		131		1,269
Income (loss) from operations before income taxes	$	(2,262)	$	62,303	$	(709,031)	$	154,371
Depreciation:
Local Media	$	9,881	$	9,997	$	29,521	$	30,665
Scripps Networks	4,892		4,889		14,558		14,504
Other	47		45		137		133
Shared services and corporate	280		409		1,074		1,220
Total depreciation	$	15,100	$	15,340	$	45,290	$	46,522
Amortization of intangible assets:
Local Media	$	8,980	$	8,520	$	26,941	$	26,481
Scripps Networks	13,009		14,209		39,027		42,627
Other	447		471		1,345		1,423
Shared services and corporate	1,052		1,025		3,156		3,276
Total amortization of intangible assets	$	23,488	$	24,225	$	70,469	$	73,807
Additions to property and equipment:
Local Media	$	15,123	$	6,803	$	36,530	$	23,017
Scripps Networks	1,225		2,241		3,920		10,677
Other	—		9		34		54
Shared services and corporate	495		71		1,469		331
Total additions to property and equipment	$	16,843	$	9,124	$	41,953	$	34,079

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)	2023		2022		2023		2022

Operating revenues:
Core advertising	$	346,037	$	371,064	$	1,061,868	$	1,152,860
Political	9,130		65,715		16,501		96,547
Distribution	203,859		167,250		571,320		497,012
Other	7,503		8,072		27,454		25,855
Total operating revenues	$	566,529	$	612,101	$	1,677,143	$	1,772,274