SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Financial Information

Segment financial information is included in the following tables for the periods presented (in millions):


As of March 31, 2025	Local Media		Tennis		Other & Corporate		Eliminations		Consolidated
Assets	$	4,541	$	276	$	963	$	(1)	$	5,779


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

(a)Other segment items relate primarily to non-media expenses.

(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.

Sinclair Broadcast Group, LLC

Segment data

Schedule of Segment Financial Information

Segment financial information is included in the following tables for the periods presented (in millions):


As of March 31, 2025	Local Media		Corporate		Consolidated
Assets	$	4,556	$	61	$	4,617


For the three months ended March 31, 2025	Local Media
Revenue	$	694
Media programming and production expenses	390
Media selling, general and administrative expenses	170
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	56
Amortization of program costs	19
Corporate general and administrative expenses	37

Loss on asset dispositions and other, net	8
Other segment items (a)	2
Operating income	$	12

Interest expense including amortization of debt discount and deferred financing costs	$	144

Gain on extinguishment of debt	2
Other income, net	3
Loss before income taxes	$	(127)


For the three months ended March 31, 2024	Local Media
Revenue	$	727
Media programming and production expenses	383
Media selling, general and administrative expenses	183
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58
Amortization of program costs	19
Corporate general and administrative expenses	41


Other segment items (a)	2
Operating income	$	41

Interest expense including amortization of debt discount and deferred financing costs	$	76

Gain on extinguishment of debt	1
Other income, net	31
Loss before income taxes	$	(3)

(a)Other segment items relate primarily to non-media expenses.