SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of segment financial information

Segment financial information is included in the following tables for the periods presented (in thousands):

For the three months ended June 30, 2018	Broadcast			Other			Corporate			Consolidated
Revenue	$	642,279		$	87,864		$	—		$	730,143
Depreciation of property and equipment	21,178			1,920			19			23,117
Amortization of definite-lived intangible assets and other assets	37,786			5,331			—			43,117
Amortization of program contract costs and net realizable value adjustments	24,710			—			—			24,710
Corporate general and administrative expenses	26,590			221			2,874			29,685
Gain on asset dispositions, net of impairment	(1,301		)	(3,440		)	—			(4,741		)
Operating income (loss)	140,607			(6,132		)	(2,893		)	131,582
Interest expense	1,438			198			90,635			92,271
Loss from equity investments	—			(17,483		)	—			(17,483		)
Assets	4,787,400			734,075			1,060,068			6,581,543

For the three months ended June 30, 2017	Broadcast			Other			Corporate			Consolidated
Revenue (a)	$	590,967		$	61,267		$	—		$	652,234
Depreciation of property and equipment	21,559			1,819			225			23,603
Amortization of definite-lived intangible assets and other assets	38,298			5,079			—			43,377
Amortization of program contract costs and net realizable value adjustments	28,896			—			—			28,896
Corporate general and administrative expenses	22,349			273			2,429			25,051
Gain on asset dispositions, net of impairment	(22		)	(128		)	—			(150		)
Operating income (loss)	131,284			(9,781		)	(2,654		)	118,849
Interest expense	1,329			216			49,414			50,959
Income from equity investments	—			1,462			—			1,462

For the six months ended June 30, 2018	Broadcast				Other				Corporate			Consolidated
Revenue	$	1,238,172			$	157,324			$	—		$	1,395,496
Depreciation of property and equipment	46,577				3,827				38			50,442
Amortization of definite-lived intangible assets and other assets	76,256				10,466				—			86,722
Amortization of program contract costs and net realizable value adjustments	51,660				—				—			51,660
Corporate general and administrative overhead expenses	48,334				476				5,471			54,281
(Gain) loss on asset dispositions, net of impairment	(85,400		)	(d)	59,550			(c)	—			(25,850		)
Operating income (loss)	316,774			(d)	(72,368		)	(c)	(5,509		)	238,897
Interest expense	2,809				400				158,804			162,013
Income (loss) from equity investments	—				(29,983		)		23			(29,960		)

For the six months ended June 30, 2017	Broadcast			Other				Corporate			Consolidated
Revenue (a)	$	1,160,836		$	118,334			$	—		$	1,279,170
Depreciation of property and equipment	43,505			3,588				491			47,584
Amortization of definite-lived intangible assets and other assets	76,624			12,307				—			88,931
Amortization of program contract costs and net realizable value adjustments	59,915			—				—			59,915
Corporate general and administrative overhead expenses	41,340			561				3,726			45,627
(Gain) on asset dispositions, net of impairment	(380		)	(53,117		)	(b)	—			(53,497		)
Operating income (loss)	245,827			34,868			(b)	(4,217		)	276,478
Interest expense	2,695			1,429				104,153			108,277
Income from equity investments	—			141				—			141

(a) Revenue has been adjusted for the adoption of ASC 606. See Note 1. Nature of Operations and Summary of Significant Accounting Policies.

(b) Includes a 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 Dispositions of Assets.

(c) Includes a $59.6 million impairment to the carrying value of a consolidated real estate venture. See Note 2. Acquisitions and Dispositions of Assets.

(d) Includes a gain of $83.3 million related to the auction proceeds. See Note 2. Acquisitions and Dispositions of Assets.