
For the three months ended March 31, 2025	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	694	$	68	$	21	$	(7)	(b)	$	776
Media programming and production expenses	390		27		1		—			418
Media selling, general and administrative expenses	170		18		11		(7)			192
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	56		5		1		—			62
Amortization of program costs	19		—		—		—			19
Corporate general and administrative expenses	37		—		15		—			52

Loss on asset dispositions and other, net	8		—		—		—			8

Other segment items (a)	2		—		9		—			11
Operating income (loss)	$	12	$	18	$	(16)	$	—		$	14

Interest expense including amortization of debt discount and deferred financing costs	$	144	$	—	$	—	$	—		$	144
Loss from equity method investments	—		(1)		(5)		—			(6)
Gain on extinguishment of debt	2		—		—		—			2
Other income (expense), net	3		—		(69)		—			(66)
Loss before income taxes										$	(200)


For the three months ended March 31, 2024	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	727	$	63	$	15	$	(7)	(b)	$	798
Media programming and production expenses	383		25		—		—			408
Media selling, general and administrative expenses	183		12		5		(4)			196
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58		5		1		(1)			63
Amortization of program costs	19		—		—		—			19
Corporate general and administrative expenses	41		1		16		—			58



Other segment items (a)	2		—		12		(2)			12
Operating income (loss)	$	41	$	20	$	(19)	$	—		$	42

Interest expense including amortization of debt discount and deferred financing costs	$	76	$	—	$	—	$	—		$	76
(Loss) income from equity method investments	—		(1)		15		—			14
Gain on extinguishment of debt	1		—		—		—			1
Other income, net	31		—		9		—			40
Income before income taxes										$	21

(b)Includes $4 million and $2 million for the three months ended March 31, 2025 and 2024, respectively, of revenue for services provided by other to local media, which is eliminated in consolidation.