Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Information Regarding Business Segments

Information regarding our segments is as follows:

	For the year ended December 31, 2024
(in thousands)	Local Media		Scripps Networks		Total
Revenues from external customers	$	1,655,257	$	835,809	$	2,491,066
Intersegment revenues	19,061		—		19,061
Reportable segments revenues	1,674,318		835,809		2,510,127
Other revenues(a)					18,706
Intersegment eliminations					(19,061)
Total consolidated operating revenues					$	2,509,772
Less:(b)
Employee compensation and benefits	437,345		120,862
Programming(c)	521,615		354,281
Other segment items(d)	202,140		170,491
Segment profit for reportable segments	513,218		190,175		$	703,393
Other segment profit (loss)(a)					(31,632)
Shared services and corporate					(88,941)
Restructuring costs					(33,525)
Depreciation and amortization of intangible assets					(155,228)
Gains (losses), net on disposal of property and equipment					18,424
Interest expense					(210,344)
Defined benefit pension plan income					674
Miscellaneous, net					7,160
Income (loss) from operations before income taxes					$	209,981

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c) Refer to Note 1. Summary of Significant Accounting Policies for disclosure of costs captured in programming.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

	For the year ended December 31, 2023
(in thousands)	Local Media		Scripps Networks		Total
Revenues from external customers	$	1,380,281	$	893,234	$	2,273,515
Intersegment revenues	17,949		—		17,949
Reportable segments revenues	1,398,230		893,234		2,291,464
Other revenues(a)					19,397
Intersegment eliminations					(17,949)
Total consolidated operating revenues					$	2,292,912
Less:(b)
Employee compensation and benefits	435,916		124,669
Programming(c)	493,578		360,684
Other segment items(d)	181,297		182,096
Segment profit for reportable segments	287,439		225,785		$	513,224
Other segment profit (loss)(a)					(26,451)
Shared services and corporate					(91,954)
Restructuring costs					(38,612)
Depreciation and amortization of intangible assets					(155,105)
Impairment of goodwill					(952,000)
Gains (losses), net on disposal of property and equipment					(2,344)
Interest expense					(213,512)
Defined benefit pension plan income					650
Miscellaneous, net					(1,407)
Income (loss) from operations before income taxes					$	(967,511)

	For the year ended December 31, 2022
(in thousands)	Local Media		Scripps Networks		Total
Revenues from external customers	$	1,477,345	$	961,242	$	2,438,587
Intersegment revenues	17,012		—		17,012
Reportable segments revenues	1,494,357		961,242		2,455,599
Other revenues(a)					14,628
Intersegment eliminations					(17,012)
Total consolidated operating revenues					$	2,453,215
Less:(b)
Employee compensation and benefits	425,840		120,202
Programming(c)	481,712		342,835
Other segment items(d)	200,436		187,869
Segment profit for reportable segments	386,369		310,336		$	696,705
Other segment profit (loss)(a)					(18,140)
Shared services and corporate					(82,280)
Acquisition and related integration costs					(1,642)
Depreciation and amortization of intangible assets					(160,433)
Gains (losses), net on disposal of property and equipment					(5,866)
Interest expense					(161,130)
Gain on extinguishment of debt					8,589
Defined benefit pension plan income					2,613
Miscellaneous, net					(1,953)
Income (loss) from operations before income taxes					$	276,463

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c) Refer to Note 1. Summary of Significant Accounting Policies for disclosure of costs captured in programming.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

Other segment disclosures are as follows:

	For the years ended December 31,
(in thousands)	2024		2023		2022
Depreciation:
Local Media	$	41,651	$	39,642	$	40,479
Scripps Networks	19,199		19,600		19,360
Total depreciation for reportable segments	60,850		59,242		59,839
Other	243		184		189
Shared services and corporate	899		1,299		1,915
Total depreciation	$	61,992	$	60,725	$	61,943
Amortization of intangible assets:
Local Media	34,762		36,322		35,461
Scripps Networks	51,904		52,036		56,836
Total amortization of intangible assets for reportable segments	86,666		88,358		92,297
Other	1,777		1,795		1,870
Shared services and corporate	4,793		4,227		4,323
Total amortization of intangible assets	$	93,236	$	94,380	$	98,490
Additions to property and equipment:
Local Media	45,778		55,244		58,350
Scripps Networks	12,095		5,654		13,444
Total additions to property and equipment for reportable segments	57,873		60,898		71,794
Other	959		75		54
Shared services and corporate	6,645		1,530		374
Total additions to property and equipment	$	65,477	$	62,503	$	72,222

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

	As of December 31,
(in thousands)	2024		2023
Assets:
Local Media	$	2,323,964	$	2,393,660
Scripps Networks	2,753,971		2,878,936
Total assets by reportable segments	5,077,935		5,272,596
Other(a)	34,800		58,460
Shared services and corporate	85,840		79,064
Total assets	$	5,198,575	$	5,410,120

(a) Reflects assets of operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units.

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)	2024		2023		2022
Operating revenues:
Core advertising	$	1,330,191	$	1,444,539	$	1,549,277
Political	362,523		33,460		208,112
Distribution	784,573		779,217		660,317
Other	32,485		35,696		35,509
Total operating revenues	$	2,509,772	$	2,292,912	$	2,453,215