Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Information regarding our business segments is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023

Segment operating revenues:
Local Media	$	364,926	$	352,219	$	717,762	$	664,142
Scripps Networks	208,720		231,229		417,998		447,702
Other	4,746		3,773		8,859		7,529
Intersegment eliminations	(4,763)		(4,385)		(9,526)		(8,759)
Total operating revenues	$	573,629	$	582,836	$	1,135,093	$	1,110,614
Segment profit (loss):
Local Media	$	88,130	$	81,017	$	153,686	$	126,860
Scripps Networks	37,747		60,343		87,401		111,869
Other	(9,236)		(6,279)		(15,633)		(7,811)
Shared services and corporate	(21,651)		(23,331)		(43,226)		(46,736)

Restructuring costs	(973)		(7,992)		(5,988)		(24,503)
Depreciation and amortization of intangible assets	(38,468)		(38,628)		(77,156)		(77,171)
Impairment of goodwill	—		(686,000)		—		(686,000)
Gains (losses), net on disposal of property and equipment	157		(358)		10		(1,254)
Interest expense	(52,123)		(52,275)		(107,040)		(101,113)

Defined benefit pension plan income	177		134		354		268


Miscellaneous, net	(419)		(675)		16,402		(1,178)
Income (loss) from operations before income taxes	$	3,341	$	(674,044)	$	8,810	$	(706,769)
Depreciation:
Local Media	$	10,153	$	9,787	$	20,186	$	19,640
Scripps Networks	4,719		4,930		9,544		9,666
Other	70		45		130		90
Shared services and corporate	208		375		410		794
Total depreciation	$	15,150	$	15,137	$	30,270	$	30,190
Amortization of intangible assets:
Local Media	$	8,716	$	8,981	$	17,661	$	17,961
Scripps Networks	12,976		13,009		25,953		26,018
Other	445		449		896		898
Shared services and corporate	1,181		1,052		2,376		2,104
Total amortization of intangible assets	$	23,318	$	23,491	$	46,886	$	46,981
Additions to property and equipment:
Local Media	$	17,943	$	14,140	$	33,404	$	21,407
Scripps Networks	4,138		2,501		6,454		2,695
Other	609		34		727		34
Shared services and corporate	459		139		461		974
Total additions to property and equipment	$	23,149	$	16,814	$	41,046	$	25,110

Disaggregation of principal revenue generating activities

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023

Operating revenues:
Core advertising	$	336,502	$	367,257	$	670,292	$	715,831
Political	29,479		3,846		45,447		7,371
Distribution	199,599		200,902		402,159		367,461
Other	8,049		10,831		17,195		19,951
Total operating revenues	$	573,629	$	582,836	$	1,135,093	$	1,110,614