| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
REVENUES - NET: | ||||||||||
Advertising | ||||||||||
- | - | - | 568,735 | 637,415 | 731,783 | 822,128 | 895,640 | 956,305 | 1,049,964 | 1,143,129 |
Audience | ||||||||||
- | - | - | 364,830 | 367,858 | 366,592 | 346,311 | 334,580 | 344,549 | 358,492 | 278,256 |
Other | ||||||||||
- | - | - | 43,528 | 51,301 | 48,177 | 46,409 | 49,624 | 51,000 | 52,492 | 50,199 |
Net revenues | ||||||||||
709,516 | 807,226 | 903,592 | 977,093 | 1,056,574 | 1,146,552 | 1,214,848 | 1,279,844 | 1,351,854 | 1,460,948 | 1,471,584 |
OPERATING EXPENSES: | ||||||||||
Compensation | ||||||||||
251,677 | 298,033 | 338,588 | 368,897 | 385,478 | 411,881 | 422,981 | 434,059 | 457,707 | 519,179 | 582,241 |
Newsprint, supplements and printing expenses | ||||||||||
45,617 | 54,592 | - | - | - | - | - | - | - | - | - |
Newsprint, supplements and printing expenses | ||||||||||
- | - | 66,438 | - | - | - | - | - | - | - | - |
Newsprint, supplements and printing expenses | ||||||||||
- | - | - | 78,893 | 95,674 | 114,801 | 120,551 | 138,206 | 145,874 | 136,642 | 167,164 |
Depreciation and amortization | ||||||||||
46,021 | 76,242 | 80,129 | 89,446 | 101,595 | 113,638 | 121,570 | 124,348 | 121,528 | 133,404 | - |
Depreciation and amortization | ||||||||||
- | - | - | - | - | - | - | - | - | - | 142,889 |
Other operating expenses | ||||||||||
342,631 | 364,038 | 352,830 | 393,015 | 404,347 | 415,682 | 411,621 | 403,260 | 422,630 | 432,840 | 380,778 |
Other asset write-downs | ||||||||||
- | - | 23,442 | 9,526 | 304,848 | - | - | - | - | - | - |
Goodwill and other asset write-downs (see Notes 3 and 6) | ||||||||||
335,676 | 37,274 | - | - | - | 8,227 | 17,181 | - | 2,800 | - | - |
Operating expenses, total | ||||||||||
1,021,622 | 830,179 | 861,427 | 939,777 | 1,291,942 | 1,064,229 | 1,093,904 | 1,099,873 | 1,150,539 | 1,222,065 | 1,273,072 |
OPERATING LOSS | ||||||||||
-312,106 | -22,953 | 42,165 | 37,316 | -235,368 | 82,323 | 120,944 | 179,971 | 201,315 | 238,883 | 198,512 |
NON-OPERATING INCOME (EXPENSE): | ||||||||||
Interest expense | ||||||||||
78,970 | 81,397 | 81,501 | 83,168 | 85,973 | 127,503 | 135,381 | 151,334 | 165,434 | 177,641 | 127,276 |
Interest income | ||||||||||
- | - | 558 | 463 | 331 | 254 | 53 | 88 | 97 | 550 | 47 |
Equity income (loss) in unconsolidated companies, net | ||||||||||
-1,039 | 592 | -1,698 | 13,384 | 10,086 | 19,084 | 42,651 | 31,935 | 27,762 | 11,752 | 2,130 |
Impairments related to investments in unconsolidated companies, net | ||||||||||
- | - | 170,007 | - | - | - | - | - | - | - | - |
Gains related to investments in unconsolidated companies | ||||||||||
- | 1,700 | - | - | - | - | - | - | - | - | - |
Impairments related to equity investments, net | ||||||||||
- | - | - | 892 | - | - | - | - | - | - | - |
Gains related to equity investments | ||||||||||
- | - | - | - | 8,061 | 705,247 | - | - | - | - | - |
Gain (loss) on extinguishment of debt, net | ||||||||||
-2,300 | 30,577 | -2,700 | 431 | 1,167 | -72,777 | -13,643 | -88,430 | -1,203 | -10,661 | 44,117 |
Retirement benefit expense | ||||||||||
23,715 | 11,114 | 13,404 | 14,776 | 9,971 | - | - | - | - | - | - |
Gain on sale of Miami property | ||||||||||
- | - | - | - | - | - | 12,938 | - | - | - | - |
Write-down of investments and land | ||||||||||
- | - | - | - | - | - | - | - | - | -24,447 | -34,172 |
Other - net | ||||||||||
716 | 647 | -312 | -16 | -292 | 579 | 541 | 79 | 248 | 265 | 203 |
Non-operating income (expense), total | ||||||||||
-105,280 | -58,974 | -269,064 | -84,574 | -76,591 | 524,884 | -92,841 | -207,662 | -138,530 | -200,182 | -114,951 |
Loss before income taxes | ||||||||||
-417,386 | -81,927 | -226,899 | -47,258 | -311,959 | 607,207 | 28,103 | -27,691 | 62,785 | 38,701 | 83,561 |
Income tax benefit | ||||||||||
-6,279 | -2,170 | 105,459 | -13,065 | -11,797 | 231,230 | 11,659 | -23,725 | 8,396 | 5,601 | 26,800 |
INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF TAXES | ||||||||||
- | - | - | - | - | 375,977 | 16,444 | -3,966 | - | 33,100 | 56,761 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES | ||||||||||
- | - | - | - | - | -1,988 | 2,359 | 3,822 | - | 3,083 | -6,174 |
NET LOSS | ||||||||||
-411,107 | -79,757 | -332,358 | -34,193 | -300,162 | 373,989 | 18,803 | -144 | 54,389 | 36,183 | 50,587 |
Net loss per common share: | ||||||||||
Income (loss) from continuing operations (in dollars per share) | ||||||||||
- | - | - | - | - | 43.32 | 0.19 | -0.05 | - | 0.39 | 0.68 |
Loss from discontinued operations (in dollars per share) | ||||||||||
- | - | - | - | - | -0.23 | 0.03 | 0.05 | - | 0.04 | -0.07 |
Net loss per share - basic (in dollars per share) | ||||||||||
-51.97 | -10.27 | -43.55 | -4.41 | -34.66 | 43.09 | 0.22 | - | 0.64 | 0.43 | 0.61 |
Income (loss) from continuing operations - diluted (in dollars per share) | ||||||||||
- | - | - | - | - | 42.55 | 0.19 | -0.05 | - | 0.39 | 0.68 |
Loss from discontinued operations - diluted (in dollars per share) | ||||||||||
- | - | - | - | - | -0.22 | 0.03 | 0.05 | - | 0.04 | -0.07 |
Net loss per share - diluted (in dollars per share) | ||||||||||
-51.97 | -10.27 | -43.55 | -4.41 | -34.66 | 42.33 | 0.22 | - | 0.63 | 0.43 | 0.61 |
Weighted average number of common shares: | ||||||||||
Basic (in shares) | ||||||||||
7,911 | 7,768 | 7,632 | 7,750 | 8,659 | 8,680 | 86,201 | 85,744 | 85,211 | 84,760 | 83,785 |
Diluted (in shares) | ||||||||||
7,911 | 7,768 | 7,632 | 7,750 | 8,659 | 8,836 | 87,136 | 85,744 | 86,044 | 85,539 | 83,810 |
Advertising | ||||||||||
Net revenues | ||||||||||
337,110 | 416,720 | 498,639 | - | - | - | - | - | - | - | - |
Audience | ||||||||||
Net revenues | ||||||||||
321,782 | 339,506 | 363,497 | - | - | - | - | - | - | - | - |
Other | ||||||||||
Net revenues | ||||||||||
50,624 | 51,000 | 41,456 | - | - | - | - | - | - | - | - |