v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Media revenues $ 770 $ 792
Non-media revenues 6 6
Total revenues 776 798
OPERATING EXPENSES:    
Media programming and production expenses 418 408
Media selling, general and administrative expenses 192 196
Amortization of program costs 19 19
Non-media expenses 11 12
Depreciation of property and equipment 26 25
Corporate general and administrative expenses 52 58
Amortization of definite-lived intangible assets 36 38
Loss on asset dispositions and other, net 8 0
Total operating expenses 762 756
Operating income 14 42
OTHER INCOME (EXPENSE):    
Interest expense including amortization of debt discount and deferred financing costs (144) (76)
Gain on extinguishment of debt 2 1
Income from equity method investments (6) 14
Other (expense) income, net (66) 40
Total other expense, net (214) (21)
(Loss) income before income taxes (200) 21
INCOME TAX BENEFIT 46 4
NET (LOSS) INCOME (154) 25
Net income attributable to the noncontrolling interests (2) (2)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR $ (156) $ 23
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR:    
Basic earnings per share (in dollars per share) $ (2.30) $ 0.35
Diluted earnings per share (in dollars per share) $ (2.30) $ 0.35
Basic weighted average common shares outstanding (in shares) 67,489 64,156
Diluted weighted average common and common equivalent shares outstanding (in shares) 67,489 64,403