SEGMENT DATA

3 Months Ended

Mar. 31, 2019

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, non-broadcast 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 $3.7 million and $3.8 million in intercompany interest expense related to intercompany loans between the broadcast segment, other, and corporate for the three months ended March 31, 2019 and 2018, respectively.

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



For the three months ended March 31, 2019	Broadcast			Other			Corporate			Consolidated
Revenue	$	618,501		$	103,602		$	—		$	722,103
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	62,681			3,784			19			66,484
Amortization of program contract costs and net realizable value adjustments	23,937			—			—			23,937
Corporate general and administrative expenses	25,760			157			1,809			27,726
(Gain) loss on asset dispositions and other, net of impairment	(8,020		)	213			(102		)	(7,909		)
Operating income (loss)	95,227			97			(1,726		)	93,598
Interest expense	1,482			192			52,952			54,626
(Loss) income from equity method investments	—			(13,708		)	71			(13,637		)
Assets	4,873,179			789,114			971,915			6,634,208



For the three months ended March 31, 2018	Broadcast				Other				Corporate			Consolidated
Revenue	$	595,892			$	69,460			$	—		$	665,352
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	63,870				7,040				20			70,930
Amortization of program contract costs and net realizable value adjustments	26,950				—				—			26,950
Corporate general and administrative expenses	21,744				255				2,597			24,596
(Gain) loss on asset dispositions and other, net of impairment	(84,100		)	(b)	62,991			(a)	—			(21,109		)
Operating income (loss)	176,166			(b)	(66,235		)	(a)	(2,617		)	107,314
Interest expense	1,372				202				68,168			69,742
(Loss) income from equity method investments	—				(14,360		)		1,773			(12,587		)


(a)	Includes a $63.0 million impairment to the carrying value of a consolidated real estate venture.

(b)

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