Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Information regarding our business segments is as follows:


	For the years ended December 31,
(in thousands)	2023		2022		2021

Segment operating revenues:
Local Media	$	1,398,230	$	1,494,357	$	1,319,468
Scripps Networks	893,234		961,242		951,883
Other	19,397		14,628		26,924
Intersegment eliminations	(17,949)		(17,012)		(14,743)
Total operating revenues	$	2,292,912	$	2,453,215	$	2,283,532
Segment profit (loss):
Local Media	$	287,439	$	386,369	$	268,140
Scripps Networks	225,785		310,336		389,278
Other	(26,451)		(18,140)		359
Shared services and corporate	(91,954)		(82,280)		(75,576)
Acquisition and related integration costs	—		(1,642)		(40,373)
Restructuring costs	(38,612)		—		(9,436)
Depreciation and amortization of intangible assets	(155,105)		(160,433)		(161,922)
Impairment of goodwill	(952,000)		—		—
Gains (losses), net on disposal of property and equipment	(2,344)		(5,866)		30,275
Interest expense	(213,512)		(161,130)		(165,164)
Gain (loss) on extinguishment of debt	—		8,589		(15,347)
Defined benefit pension plan income (expense)	650		2,613		(343)
Gain on sale of Triton business	—		—		81,784
Losses on stock warrant	—		—		(99,118)
Miscellaneous, net	(1,407)		(1,953)		(15,469)
Income (loss) from continuing operations before income taxes	$	(967,511)	$	276,463	$	187,088
Depreciation:
Local Media	$	39,642	$	40,479	$	39,368
Scripps Networks	19,600		19,360		17,109
Other	184		189		382
Shared services and corporate	1,299		1,915		1,498
Total depreciation	$	60,725	$	61,943	$	58,357
Amortization of intangible assets:
Local Media	$	36,322	$	35,461	$	40,315
Scripps Networks	52,036		56,836		58,599
Other	1,795		1,870		2,147
Shared services and corporate	4,227		4,323		2,504
Total amortization of intangible assets	$	94,380	$	98,490	$	103,565

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


	For the years ended December 31,
(in thousands)	2023		2022		2021

Additions to property and equipment:
Local Media	$	55,244	$	58,350	$	35,963
Scripps Networks	5,654		13,444		23,871
Other	75		54		430
Shared services and corporate	1,530		374		2,114
Total additions to property and equipment	$	62,503	$	72,222	$	62,378

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


	As of December 31,
(in thousands)	2023		2022

Assets:
Local Media	$	2,393,660	$	2,391,703
Scripps Networks	2,878,936		3,915,374
Other	58,460		52,571
Shared services and corporate	79,064		71,357


Total assets	$	5,410,120	$	6,431,005

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)	2023		2022		2021

Operating revenues:
Core advertising	$	1,444,539	$	1,549,277	$	1,592,121
Political	33,460		208,112		22,693
Distribution	779,217		660,317		620,454
Other	35,696		35,509		48,264
Total operating revenues	$	2,292,912	$	2,453,215	$	2,283,532