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SEGMENT DATA
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
SEGMENT DATA
SEGMENT DATA:
 
We measure segment performance based on operating income (loss).  Our broadcast segment includes stations in 89 markets located throughout the continental United States. Other primarily consists of original networks and content, digital and internet solutions, technical services and other non-media investments. All of our businesses are located within the United States.  Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location.  Other and Corporate are not reportable segments but are included for reconciliation purposes. 

We had approximately $172.7 million and $226.5 million of intercompany loans between the broadcast segment, other, and corporate as of September 30, 2017 and 2016, respectively.  We had $4.3 million and $6.1 million in intercompany interest expense related to intercompany loans between the broadcast segment, other, and corporate for the three months ended September 30, 2017 and 2016, respectively. We had $14.2 million and $18.3 million in intercompany interest expense for the the nine months ended September 30, 2017 and 2016, respectively. All other intercompany transactions are immaterial.
 
Segment financial information is included in the following tables for the periods presented (in thousands):
For the three months ended September 30, 2017
 
Broadcast
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
610,840

 
$
60,051

 
$

 
$
670,891

Depreciation of property and equipment
 
22,344

 
1,851

 
247

 
24,442

Amortization of definite-lived intangible assets and other assets
 
38,186

 
5,182

 

 
43,368

Amortization of program contract costs and net realizable value adjustments
 
28,047

 

 

 
28,047

General and administrative overhead expenses
 
23,582

 
224

 
2,025

 
25,831

Research and development
 

 
2,551

 

 
2,551

Operating income (loss)
 
115,571

 
(9,852
)
 
(2,272
)
 
103,447

Interest expense
 
1,281

 
204

 
50,258

 
51,743

Loss from equity and cost method investments
 

 
(4,362
)
 

 
(4,362
)
Assets
 
5,274,895

 
762,751

 
649,423

 
6,687,069

For the three months ended September 30, 2016
 
Broadcast
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
635,559

 
$
58,276

 
$

 
$
693,835

Depreciation of property and equipment
 
24,195

 
1,425

 
266

 
25,886

Amortization of definite-lived intangible assets and other assets
 
38,717

 
9,090

 

 
47,807

Amortization of program contract costs and net realizable value adjustments
 
32,441

 

 

 
32,441

General and administrative overhead expenses
 
17,530

 
247

 
1,275

 
19,052

Research and development
 

 
745

 

 
745

Operating income (loss)
 
158,666

 
(3,077
)
 
(1,595
)
 
153,994

Interest expense
 
1,404

 
1,664

 
50,420

 
53,488

Income from equity and cost method investments
 

 
611

 
812

 
1,423


Nine months ended September 30, 2017
 
Broadcast
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
1,821,248

 
$
178,867

 
$

 
$
2,000,115

Depreciation of property and equipment
 
65,850

 
5,438

 
738

 
72,026

Amortization of definite-lived intangible assets and other assets
 
114,810

 
17,489

 

 
132,299

Amortization of program contract costs and net realizable value adjustments
 
87,962

 

 

 
87,962

General and administrative overhead expenses
 
65,059

 
785

 
5,614

 
71,458

Research and development
 

 
5,053

 

 
5,053

Operating income (loss)
 
361,259

 
25,016

(a)
(6,351
)
 
379,924

Interest expense
 
3,976

 
1,633

 
154,411

 
160,020

Loss from equity and cost method investments
 

 
(4,221
)
 

 
(4,221
)
(a) - Includes gain on the sale of Alarm of $53.0 million of which $12.3 million was attributable to noncontrolling interests. See Note 2. Acquisitions and Disposition of Assets.

Nine months ended September 30, 2016
 
Broadcast
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
1,790,561

 
$
148,697

 
$

 
$
1,939,258

Depreciation of property and equipment
 
69,469

 
4,063

 
798

 
74,330

Amortization of definite-lived intangible assets and other assets
 
117,038

 
20,159

 

 
137,197

Amortization of program contract costs and net realizable value adjustments
 
96,722

 

 

 
96,722

General and administrative overhead expenses
 
50,320

 
1,075

 
3,277

 
54,672

Research and development
 

 
3,055

 

 
3,055

Operating income (loss)
 
402,236

 
(28,699
)
 
(4,130
)
 
369,407

Interest expense
 
4,297

 
4,695

 
147,827

 
156,819

Income from equity and cost method investments
 

 
414

 
2,375

 
2,789