Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of information regarding business segments

Information regarding our business segments is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023

Segment operating revenues:
Local Media	$	445,553	$	353,061	$	1,163,315	$	1,017,203
Scripps Networks	201,672		215,393		619,670		663,095
Other	3,843		2,620		12,702		10,149
Intersegment eliminations	(4,768)		(4,545)		(14,294)		(13,304)
Total operating revenues	$	646,300	$	566,529	$	1,781,393	$	1,677,143
Segment profit (loss):
Local Media	$	160,685	$	74,865	$	314,371	$	201,725
Scripps Networks	42,061		49,661		129,462		161,530
Other	(7,744)		(6,263)		(23,377)		(14,074)
Shared services and corporate	(20,969)		(20,810)		(64,195)		(67,546)

Restructuring costs	(12,665)		(4,705)		(18,653)		(29,208)
Depreciation and amortization of intangible assets	(38,861)		(38,588)		(116,017)		(115,759)
Impairment of goodwill	—		—		—		(686,000)
Gains (losses), net on disposal of property and equipment	(727)		(1,066)		(717)		(2,320)
Interest expense	(54,442)		(56,916)		(161,482)		(158,029)

Defined benefit pension plan income	152		251		506		519


Miscellaneous, net	447		1,309		16,849		131
Income (loss) from operations before income taxes	$	67,937	$	(2,262)	$	76,747	$	(709,031)
Depreciation:
Local Media	$	10,842	$	9,881	$	31,028	$	29,521
Scripps Networks	4,698		4,892		14,242		14,558
Other	56		47		186		137
Shared services and corporate	215		280		625		1,074
Total depreciation	$	15,811	$	15,100	$	46,081	$	45,290
Amortization of intangible assets:
Local Media	$	8,550	$	8,980	$	26,211	$	26,941
Scripps Networks	12,838		13,009		38,791		39,027
Other	450		447		1,346		1,345
Shared services and corporate	1,212		1,052		3,588		3,156
Total amortization of intangible assets	$	23,050	$	23,488	$	69,936	$	70,469
Additions to property and equipment:
Local Media	$	7,474	$	15,123	$	40,878	$	36,530
Scripps Networks	4,393		1,225		10,847		3,920
Other	175		—		902		34
Shared services and corporate	1,409		495		1,870		1,469
Total additions to property and equipment	$	13,451	$	16,843	$	54,497	$	41,953

Schedule of 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)	2024		2023		2024		2023

Operating revenues:
Core advertising	$	315,849	$	346,037	$	986,141	$	1,061,868
Political	131,403		9,130		176,850		16,501
Distribution	191,772		203,859		593,931		571,320
Other	7,276		7,503		24,471		27,454
Total operating revenues	$	646,300	$	566,529	$	1,781,393	$	1,677,143