The CEO of Crawford, Inc., evaluates financial statement information for four distinct operating segments: Television stations, Television entertainment production, Movie entertainment production, and Merchandise sales. The Television stations segment earns revenues from advertising and cable user fees. The Television entertainment production and Movie entertainment production segments use the same studios to produce television shows and movies. The Television entertainment production segment collects royalties from television stations, downloads to consumers, and DVD sales. The Movie entertainment production segment collects royalties from movie theaters, downloads to consumers, and DVD sales. The Merchandise sales segment earns royalties from sales of products tied to characters created by Crawford. The segment also sells goods online and through company-owned stores.

Required:

Explain which of Crawford’s segments might be aggregated if they have similar economic characteristics.