v3.25.1
Segment Data - Schedule of Breakdown of Selected Financial Information for Reportable Broadcast Segment and Reconciliation of Segment's Profit to Income from Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Net revenue $ 1,234 $ 1,284
Programming and related expenses (551) (548)
Selling, general and administrative expenses (257) (272)
Corporate (unallocated) (50) (53)
Depreciation and amortization expense [1] (116) (122)
Transaction and other one-time expenses   (1)
Miscellaneous (1) 1
Income from operations 220 275
Reportable Broadcast Segment [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Net revenue 1,169 1,222
Programming and related expenses [2] (543) (539)
Selling, general and administrative expenses [2] (181) (190)
Amortization of broadcast rights [2] (16) (17)
Segment profit 429 476
Other Segments [Member]    
Segment Reporting Information [Line Items]    
Segment profit (42) (26)
Other Segments [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Net revenue $ 77 $ 72
[1] Includes depreciation of property and equipment and amortization of intangible assets. Excludes amortization of broadcast rights.
[2] The expenses included in the measure of our reportable Broadcast segment’s profit are as follows:
Programming and related expenses – primarily include fees incurred under network affiliation agreements and operating costs to produce and air local news.
Selling, general and administrative expenses – primarily include (i) salaries, benefits and payroll taxes, commission, professional fees, travel, and software license fees incurred by sales teams and (ii) salaries, benefits and payroll taxes, group insurance and office rental costs incurred in managing the segment’s business units.
Amortization of broadcast rights – the amortization of license fees for acquired programs from national program syndicators and certain production companies.