Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

12. SEGMENT INFORMATION

We determine our business segments based upon our management and internal reporting structure. Our reportable segments are strategic businesses that offer different products and services.

Television includes six ABC-affiliated stations, three NBC-affiliated stations and one independent station. Our television stations reach approximately 10% of the nation’s television households. Television stations earn revenue primarily from the sale of advertising to local and national advertisers.

Our newspaper business segment includes daily and community newspapers in 13 markets in the U.S. Newspapers earn revenue primarily from the sale of advertising to local and national advertisers and from the sale of newspapers to readers.

Syndication and other media primarily include syndication of news features and comics and other features for the newspaper industry.

We allocate a portion of certain corporate costs and expenses, including information technology, pensions and other employee benefits, and other shared services, to our business segments. The allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. Corporate assets are primarily cash, cash equivalents and other short-term investments, property and equipment primarily used for corporate purposes, and deferred income taxes.

Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, income taxes, depreciation and amortization, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America.

Information regarding our business segments is as follows:

	Three months ended						Six months ended
	June 30,						June 30,
(in thousands)	2011			2010			2011			2010
Segment operating revenues:
Television	$	77,042		$	74,810		$	145,994		$	141,649
Newspapers		101,960			107,988			208,132			220,600
Syndication and other		4,032			5,987			9,266			10,816
Total operating revenues	$	183,034		$	188,785		$	363,392		$	373,065
Segment profit (loss):
Television	$	13,530		$	13,309		$	19,854		$	19,953
Newspapers		4,877			14,561			10,277			31,130
Syndication and other		(1,448	)		(192	)		(1,883	)		(1,299	)
Corporate and shared services		(7,122	)		(9,147	)		(16,360	)		(16,787	)
Depreciation and amortization		(10,029	)		(11,577	)		(20,449	)		(23,196	)
Gains (losses), net on disposal of property, plant and equipment		(205	)		(22	)		(242	)		(735	)
Interest expense		(412	)		(845	)		(805	)		(1,693	)
Restructuring costs		(1,822	)		(3,720	)		(3,915	)		(7,063	)
Miscellaneous, net		(43	)		1,298			(732	)		911
Income (loss) from continuing operations before income taxes	$	(2,674	)	$	3,665		$	(14,255	)	$	1,221
Depreciation:
Television	$	3,967		$	4,554		$	8,176		$	8,707
Newspapers		5,398			6,366			10,881			13,152
Syndication and other		58			133			113			285
Corporate and shared services		289			162			646			352
Total depreciation	$	9,712		$	11,215		$	19,816		$	22,496
Amortization of intangibles:
Television	$	80		$	104		$	158		$	187
Newspapers		237			258			475			513
Total amortization of intangibles	$	317		$	362		$	633		$	700
Additions to property, plant and equipment:
Television	$	2,577		$	1,286		$	3,503		$	3,120
Newspapers		402			124			762			664
Syndication and other		295			10			295			121
Corporate and shared services		—			—			41			290
Total additions to property, plant and equipment	$	3,274		$	1,420		$	4,601		$	4,195

No single customer provides more than 10% of our revenue.