additionally , during 2018 , we delivered value to shareholders through our share repurchase program and initiation of a quarterly dividend of 5 cents per share . f-3 results of operations the trends and underlying economic conditions affecting operating performance and future prospects differ for each of our business segments . accordingly , you should read the following discussion of our consolidated results of operations in conjunction with the discussion of the operating performance of our individual business segments that follows . consolidated results of operations consolidated results of operations were as follows : replace_table_token_6_th triton , katz and cracked were acquired on november 30 , 2018 , october 2 , 2017 , and april 12 , 2016 , respectively , and the inclusion of operating results from these businesses for the periods subsequent to their acquisitions impacts the comparability of our consolidated and segment operating results . 2018 compared with 2017 operating revenues increased 37.8 % in 2018 . higher retransmission and political revenues in our local media group and the inclusion of a full year of katz revenues within our national media group were the main contributors to the year-over-year revenue increases . revenues from katz were $ 186 million in 2018 compared to $ 41.0 million in 2017 . revenues from triton for december 2018 were $ 3.3 million . employee compensation and benefits increased 7.2 % in 2018 , primarily driven by the expansion of our national media group , including a full year of katz expenses and one month of triton expenses . this increase was partially offset by employee cost savings attributed to restructuring activities initiated in the fourth quarter of 2017. programming expense increased 53.4 % in 2018 , primarily due to higher network affiliation fees reflecting contractual rate increases , as well as a full year of programming costs for katz . f-4 in the fourth quarter of 2018 , we incurred a non-cash impairment charge of $ 8.9 million related to our original programming show , pickler & ben , which will not be renewed for a third season . other expenses increased 32.6 % in 2018 compared to the prior year , most of which was driven by a full year of expenses for katz . increases in marketing and promotion costs for our national brands , mainly newsy and stitcher , also contributed to the increase in other expenses in 2018 . acquisition and related integration costs of $ 4.1 million in 2018 reflect professional service costs incurred to integrate triton and the former raycom stations , as well as costs incurred for the pending cordillera acquisition . restructuring costs of $ 8.9 million in 2018 and $ 4.4 million in 2017 reflect severance , outside consulting fees and other costs associated with our previously announced changes in management and operating structure . depreciation and amortization expense increased from $ 56 million in 2017 to $ 64 million in 2018 mainly due to the acquisition of katz in the fourth quarter of 2017. the slower development of our original revenue model for cracked created indications of impairment of goodwill as of september 30 , 2017. we concluded that the fair value of cracked did not exceed its carrying value as of september 30 , 2017. we recorded a $ 29.4 million non-cash impairment charge in the three months ended september 30 , 2017 to reduce the carrying value of goodwill and $ 6.3 million to reduce the carrying value of intangible assets . interest expense increased in 2018 due to the new debt issued to finance the katz acquisition , the higher interest rate on the senior secured notes that were issued in april 2017 and from increases throughout the year in london interbank offering rates ( `` libor `` ) , which is the benchmark upon which interest on our term loan b is based . interest expense in 2017 includes a $ 2.4 million write-off of loan fees associated with the refinancing of our term loan b in the second quarter 2017. defined benefit pension plan expense in 2018 includes a $ 1.8 million non-cash settlement charge related to lump-sum distributions from our supplemental executive retirement plans and an $ 11.7 million non-cash settlement charge in connection with the merger of our scripps pension plan into the journal communications , inc. plan and related transactions . miscellaneous , net in 2017 includes a $ 5.4 million gain on the change in control when we acquired katz , a $ 3.0 million gain from the sale of our newspaper syndication business and other income of $ 3.2 million resulting from an adjustment to the midroll media acquisition purchase price earn out . the effective income tax rate was 24.4 % and 62.5 % for 2018 and 2017 , respectively . state taxes , non-deductible expenses , excess tax benefits or expense on share-based compensation , tax settlements and changes in our reserves for uncertain tax positions impacted our effective rate . our 2018 provision includes $ 0.6 million of excess tax benefits from the exercise and vesting of share-based compensation awards . in 2017 , we had a provisional estimated benefit of $ 4.2 million from the change in federal income tax rates for the enactment of the tax cuts and jobs act which reduced the corporate income tax rate from 35 % to 21 % . 2017 compared with 2016 operating revenues were comparable year-over-year . we had higher retransmission and carriage revenues of $ 39 million and revenues in our national media group increased more than $ 58 million . the increase in our national media group revenues includes $ 41 million of revenues from katz . these increases were offset by $ 92 million of lower political revenues from our local media group in a non-political year . story_separator_special_tag f-15 contractual obligations a summary of our contractual cash commitments as of december 31 , 2018 is as follows : replace_table_token_13_th long-term debt — long-term debt includes the $ 400 million of unsecured senior notes and $ 296 million outstanding balance of our term loan b. the senior unsecured notes bear an interest rate of 5.125 % per annum . our term loan b bears interest at rates based on libor plus a fixed margin of 2.00 % . interest will reduce to a rate of libor plus a fixed margin of 1.75 % if the company 's total net leverage , as defined by the amended agreement , is below 2.75. the rate on our term loan b was 4.34 % at december 31 , 2018 . amounts included in the table may differ from amounts actually paid due to changes in libor . a 1 % increase in libor would result in an increase in annual interest payments of approximately $ 3 million . our financing agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt . principal payments included in the contractual obligations table reflect only scheduled principal payments and do not reflect any amounts that may be required to be paid under this provision . as of december 31 , 2018 , we were not required to make any additional principal payments for excess cash flow . other contractual obligations — in the ordinary course of business , we enter into long-term contracts to license or produce programming , to secure on-air talent , to lease office space and equipment and to purchase other goods and services . programming — program licenses generally require payments over the terms of the licenses . licensed programming includes both programs that have been delivered and are available for telecast and programs that have not yet been produced . it also includes payments for our network affiliation agreements . if the programs are not produced , our commitments would generally expire without obligation . fixed fee amounts payable under our network affiliation agreements are also included . variable amounts in excess of the contractual amounts payable to the networks are not included in the amounts above . other programming rights also include commitments for the purchase of podcast content rights . talent contracts — we secure on-air talent for our television stations through multi-year talent agreements . certain agreements may be terminated under certain circumstances or at certain dates prior to expiration . we expect our employment and talent contracts will be renewed or replaced with similar agreements upon their expiration . amounts due under the contracts , assuming the contracts are not terminated prior to their expiration , are included in the contractual obligations table . operating leases — we obtain certain office space under multi-year lease agreements . leases for office space are generally not cancelable prior to their expiration . f-16 leases for operating and office equipment are generally cancelable by either party with 30 to 90 days notice . however , we expect such contracts will remain in force throughout the terms of the leases . the amounts included in the table above represent the amounts due under the agreements assuming the agreements are not canceled prior to their expiration . we expect our operating leases will be renewed or replaced with similar agreements upon their expiration . pension funding — we sponsor noncontributory defined benefit pension plans and non-qualified supplemental executive retirement plans ( `` serps `` ) . contractual commitments summarized in the contractual obligations table include payments to meet minimum funding requirements of our defined benefit pension plans and estimated benefit payments for our unfunded serps . contractual pension obligations reflect anticipated minimum statutory pension contributions as of december 31 , 2018 , based upon pension funding regulations in effect at the time and our current pension assumptions regarding discount rates and returns on plan assets . actual funding requirements may differ from amounts presented due to changes in discount rates , returns on plan assets or pension funding regulations that are in effect at the time . payments for the serps have been estimated over a ten-year period . accordingly , the amounts in the “ over 5 years ” column include estimated payments for the periods of 2024 - 2028 . while benefit payments under these plans are expected to continue beyond 2028 , we do not believe it is practicable to estimate payments beyond this period . income tax obligations — the contractual obligations table does not include any reserves for income taxes recognized because we are unable to reasonably predict the ultimate amount or timing of settlement of our reserves for income taxes . as of december 31 , 2018 , our reserves for income taxes totaled $ 0.8 million , which is reflected as a long-term liability in our consolidated balance sheet . purchase commitments — we obtain audience ratings , market research and certain other services under multi-year agreements . these agreements are generally not cancelable prior to expiration of the service agreement . we expect such agreements will be renewed or replaced with similar agreements upon their expiration . katz has carriage agreements with local television broadcasters to carry one or more of the katz networks . these carriage agreements are generally for a five-year term . under these agreements , katz either pays a fixed fee or a portion of revenues for the carriage rights . we may also enter into contracts with certain vendors and suppliers . these contracts typically do not require the purchase of fixed or minimum quantities and generally may be terminated at any time without penalty . included in the table of contractual obligations are purchase orders placed as of december 31 , 2018 . purchase orders placed with vendors , including those with whom we maintain contractual relationships , are generally cancelable prior to shipment . while these

liquidity and capital resources our primary source of liquidity is our available cash and borrowing capacity under our revolving credit facility . operating activities cash provided by operating activities for the years ended december 31 is as follows : replace_table_token_10_th 2018 to 2017 the $ 100 million increase in cash provided by continuing operating activities was primarily attributable to a $ 113.5 million year-over-year increase in segment profit and changes in working capital in 2018 compared to 2017. these items were partially offset by the year-over-year net cash impact from increased programming investment of $ 3.6 million , $ 5.3 million of additional cash outlay related to our previously discussed restructuring initiatives and $ 14.7 million of higher interest payments . additionally , in 2018 we made $ 3.5 million in payments to cable companies for agreeing to carry the newsy network compared to the $ 6 million we paid in 2017 . 2017 to 2016 the $ 106 million decrease in cash provided by continuing operating activities was primarily attributable to a $ 90 million year-over-year decrease in segment profit and changes in working capital in 2017 compared to 2016. additionally , in 2017 and 2016 , we contributed $ 21 million and $ 10 million , respectively , to our pension plans . in 2017 , we made $ 6 million in payments to cable companies for agreeing to carry the newsy network . f-12 investing activities cash used in investing activities for the years ended december 31 is as follows : replace_table_token_11_th in 2018 , 2017 and 2016 we used $ 207 million , $ 297 million and $ 71 million , respectively , in cash for investing activities from continuing operations . the primary factors affecting our cash flows from investing activities for the years presented are described below . in 2018 , we acquired triton for $ 150 million , net of cash acquired . in 2018 , capital expenditures increased $ 35 million . a significant portion of the increase was attributed to $ 17.9 million of capital expenditures incurred in 2018 related to the fcc repacking process . additionally , national media 's capital expenditures increased $ 14.4


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources our primary source of liquidity is our available cash and borrowing capacity under our revolving credit facility . operating activities cash provided by operating activities for the years ended december 31 is as follows : replace_table_token_10_th 2018 to 2017 the $ 100 million increase in cash provided by continuing operating activities was primarily attributable to a $ 113.5 million year-over-year increase in segment profit and changes in working capital in 2018 compared to 2017. these items were partially offset by the year-over-year net cash impact from increased programming investment of $ 3.6 million , $ 5.3 million of additional cash outlay related to our previously discussed restructuring initiatives and $ 14.7 million of higher interest payments . additionally , in 2018 we made $ 3.5 million in payments to cable companies for agreeing to carry the newsy network compared to the $ 6 million we paid in 2017 . 2017 to 2016 the $ 106 million decrease in cash provided by continuing operating activities was primarily attributable to a $ 90 million year-over-year decrease in segment profit and changes in working capital in 2017 compared to 2016. additionally , in 2017 and 2016 , we contributed $ 21 million and $ 10 million , respectively , to our pension plans . in 2017 , we made $ 6 million in payments to cable companies for agreeing to carry the newsy network . f-12 investing activities cash used in investing activities for the years ended december 31 is as follows : replace_table_token_11_th in 2018 , 2017 and 2016 we used $ 207 million , $ 297 million and $ 71 million , respectively , in cash for investing activities from continuing operations . the primary factors affecting our cash flows from investing activities for the years presented are described below . in 2018 , we acquired triton for $ 150 million , net of cash acquired . in 2018 , capital expenditures increased $ 35 million . a significant portion of the increase was attributed to $ 17.9 million of capital expenditures incurred in 2018 related to the fcc repacking process . additionally , national media 's capital expenditures increased $ 14.4
```    
 Suspicious Activity Report : additionally , during 2018 , we delivered value to shareholders through our share repurchase program and initiation of a quarterly dividend of 5 cents per share . f-3 results of operations the trends and underlying economic conditions affecting operating performance and future prospects differ for each of our business segments . accordingly , you should read the following discussion of our consolidated results of operations in conjunction with the discussion of the operating performance of our individual business segments that follows . consolidated results of operations consolidated results of operations were as follows : replace_table_token_6_th triton , katz and cracked were acquired on november 30 , 2018 , october 2 , 2017 , and april 12 , 2016 , respectively , and the inclusion of operating results from these businesses for the periods subsequent to their acquisitions impacts the comparability of our consolidated and segment operating results . 2018 compared with 2017 operating revenues increased 37.8 % in 2018 . higher retransmission and political revenues in our local media group and the inclusion of a full year of katz revenues within our national media group were the main contributors to the year-over-year revenue increases . revenues from katz were $ 186 million in 2018 compared to $ 41.0 million in 2017 . revenues from triton for december 2018 were $ 3.3 million . employee compensation and benefits increased 7.2 % in 2018 , primarily driven by the expansion of our national media group , including a full year of katz expenses and one month of triton expenses . this increase was partially offset by employee cost savings attributed to restructuring activities initiated in the fourth quarter of 2017. programming expense increased 53.4 % in 2018 , primarily due to higher network affiliation fees reflecting contractual rate increases , as well as a full year of programming costs for katz . f-4 in the fourth quarter of 2018 , we incurred a non-cash impairment charge of $ 8.9 million related to our original programming show , pickler & ben , which will not be renewed for a third season . other expenses increased 32.6 % in 2018 compared to the prior year , most of which was driven by a full year of expenses for katz . increases in marketing and promotion costs for our national brands , mainly newsy and stitcher , also contributed to the increase in other expenses in 2018 . acquisition and related integration costs of $ 4.1 million in 2018 reflect professional service costs incurred to integrate triton and the former raycom stations , as well as costs incurred for the pending cordillera acquisition . restructuring costs of $ 8.9 million in 2018 and $ 4.4 million in 2017 reflect severance , outside consulting fees and other costs associated with our previously announced changes in management and operating structure . depreciation and amortization expense increased from $ 56 million in 2017 to $ 64 million in 2018 mainly due to the acquisition of katz in the fourth quarter of 2017. the slower development of our original revenue model for cracked created indications of impairment of goodwill as of september 30 , 2017. we concluded that the fair value of cracked did not exceed its carrying value as of september 30 , 2017. we recorded a $ 29.4 million non-cash impairment charge in the three months ended september 30 , 2017 to reduce the carrying value of goodwill and $ 6.3 million to reduce the carrying value of intangible assets . interest expense increased in 2018 due to the new debt issued to finance the katz acquisition , the higher interest rate on the senior secured notes that were issued in april 2017 and from increases throughout the year in london interbank offering rates ( `` libor `` ) , which is the benchmark upon which interest on our term loan b is based . interest expense in 2017 includes a $ 2.4 million write-off of loan fees associated with the refinancing of our term loan b in the second quarter 2017. defined benefit pension plan expense in 2018 includes a $ 1.8 million non-cash settlement charge related to lump-sum distributions from our supplemental executive retirement plans and an $ 11.7 million non-cash settlement charge in connection with the merger of our scripps pension plan into the journal communications , inc. plan and related transactions . miscellaneous , net in 2017 includes a $ 5.4 million gain on the change in control when we acquired katz , a $ 3.0 million gain from the sale of our newspaper syndication business and other income of $ 3.2 million resulting from an adjustment to the midroll media acquisition purchase price earn out . the effective income tax rate was 24.4 % and 62.5 % for 2018 and 2017 , respectively . state taxes , non-deductible expenses , excess tax benefits or expense on share-based compensation , tax settlements and changes in our reserves for uncertain tax positions impacted our effective rate . our 2018 provision includes $ 0.6 million of excess tax benefits from the exercise and vesting of share-based compensation awards . in 2017 , we had a provisional estimated benefit of $ 4.2 million from the change in federal income tax rates for the enactment of the tax cuts and jobs act which reduced the corporate income tax rate from 35 % to 21 % . 2017 compared with 2016 operating revenues were comparable year-over-year . we had higher retransmission and carriage revenues of $ 39 million and revenues in our national media group increased more than $ 58 million . the increase in our national media group revenues includes $ 41 million of revenues from katz . these increases were offset by $ 92 million of lower political revenues from our local media group in a non-political year . story_separator_special_tag f-15 contractual obligations a summary of our contractual cash commitments as of december 31 , 2018 is as follows : replace_table_token_13_th long-term debt — long-term debt includes the $ 400 million of unsecured senior notes and $ 296 million outstanding balance of our term loan b. the senior unsecured notes bear an interest rate of 5.125 % per annum . our term loan b bears interest at rates based on libor plus a fixed margin of 2.00 % . interest will reduce to a rate of libor plus a fixed margin of 1.75 % if the company 's total net leverage , as defined by the amended agreement , is below 2.75. the rate on our term loan b was 4.34 % at december 31 , 2018 . amounts included in the table may differ from amounts actually paid due to changes in libor . a 1 % increase in libor would result in an increase in annual interest payments of approximately $ 3 million . our financing agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt . principal payments included in the contractual obligations table reflect only scheduled principal payments and do not reflect any amounts that may be required to be paid under this provision . as of december 31 , 2018 , we were not required to make any additional principal payments for excess cash flow . other contractual obligations — in the ordinary course of business , we enter into long-term contracts to license or produce programming , to secure on-air talent , to lease office space and equipment and to purchase other goods and services . programming — program licenses generally require payments over the terms of the licenses . licensed programming includes both programs that have been delivered and are available for telecast and programs that have not yet been produced . it also includes payments for our network affiliation agreements . if the programs are not produced , our commitments would generally expire without obligation . fixed fee amounts payable under our network affiliation agreements are also included . variable amounts in excess of the contractual amounts payable to the networks are not included in the amounts above . other programming rights also include commitments for the purchase of podcast content rights . talent contracts — we secure on-air talent for our television stations through multi-year talent agreements . certain agreements may be terminated under certain circumstances or at certain dates prior to expiration . we expect our employment and talent contracts will be renewed or replaced with similar agreements upon their expiration . amounts due under the contracts , assuming the contracts are not terminated prior to their expiration , are included in the contractual obligations table . operating leases — we obtain certain office space under multi-year lease agreements . leases for office space are generally not cancelable prior to their expiration . f-16 leases for operating and office equipment are generally cancelable by either party with 30 to 90 days notice . however , we expect such contracts will remain in force throughout the terms of the leases . the amounts included in the table above represent the amounts due under the agreements assuming the agreements are not canceled prior to their expiration . we expect our operating leases will be renewed or replaced with similar agreements upon their expiration . pension funding — we sponsor noncontributory defined benefit pension plans and non-qualified supplemental executive retirement plans ( `` serps `` ) . contractual commitments summarized in the contractual obligations table include payments to meet minimum funding requirements of our defined benefit pension plans and estimated benefit payments for our unfunded serps . contractual pension obligations reflect anticipated minimum statutory pension contributions as of december 31 , 2018 , based upon pension funding regulations in effect at the time and our current pension assumptions regarding discount rates and returns on plan assets . actual funding requirements may differ from amounts presented due to changes in discount rates , returns on plan assets or pension funding regulations that are in effect at the time . payments for the serps have been estimated over a ten-year period . accordingly , the amounts in the “ over 5 years ” column include estimated payments for the periods of 2024 - 2028 . while benefit payments under these plans are expected to continue beyond 2028 , we do not believe it is practicable to estimate payments beyond this period . income tax obligations — the contractual obligations table does not include any reserves for income taxes recognized because we are unable to reasonably predict the ultimate amount or timing of settlement of our reserves for income taxes . as of december 31 , 2018 , our reserves for income taxes totaled $ 0.8 million , which is reflected as a long-term liability in our consolidated balance sheet . purchase commitments — we obtain audience ratings , market research and certain other services under multi-year agreements . these agreements are generally not cancelable prior to expiration of the service agreement . we expect such agreements will be renewed or replaced with similar agreements upon their expiration . katz has carriage agreements with local television broadcasters to carry one or more of the katz networks . these carriage agreements are generally for a five-year term . under these agreements , katz either pays a fixed fee or a portion of revenues for the carriage rights . we may also enter into contracts with certain vendors and suppliers . these contracts typically do not require the purchase of fixed or minimum quantities and generally may be terminated at any time without penalty . included in the table of contractual obligations are purchase orders placed as of december 31 , 2018 . purchase orders placed with vendors , including those with whom we maintain contractual relationships , are generally cancelable prior to shipment . while these

