v3.25.1
SEGMENT DATA - Segment Financial Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment data      
Assets [1] $ 5,779   $ 5,885
Revenue 776 $ 798  
Media programming and production expenses 418 408  
Media selling, general and administrative expenses 192 196  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 62 63  
Amortization of program costs 19 19  
Corporate general and administrative expenses 52 58  
Loss on asset dispositions and other, net 8 0  
Other segment items 11 12  
Operating income 14 42  
Interest expense including amortization of debt discount and deferred financing costs 144 76  
Income (loss) from equity method investments (6) 14  
Gain on extinguishment of debt 2 1  
Other income, net (66) 40  
(Loss) income before income taxes (200) 21  
Operating Segments | Local Media      
Segment data      
Assets 4,541    
Revenue 694 727  
Media programming and production expenses 390 383  
Media selling, general and administrative expenses 170 183  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 56 58  
Amortization of program costs 19 19  
Corporate general and administrative expenses 37 41  
Loss on asset dispositions and other, net 8    
Other segment items 2 2  
Operating income 12 41  
Interest expense including amortization of debt discount and deferred financing costs 144 76  
Income (loss) from equity method investments 0 0  
Gain on extinguishment of debt 2 1  
Other income, net 3 31  
Operating Segments | Tennis      
Segment data      
Assets 276    
Revenue 68 63  
Media programming and production expenses 27 25  
Media selling, general and administrative expenses 18 12  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 5 5  
Amortization of program costs 0 0  
Corporate general and administrative expenses 0 1  
Loss on asset dispositions and other, net 0    
Other segment items 0 0  
Operating income 18 20  
Interest expense including amortization of debt discount and deferred financing costs 0 0  
Income (loss) from equity method investments (1) (1)  
Gain on extinguishment of debt 0 0  
Other income, net 0 0  
Other & Corporate      
Segment data      
Assets 963    
Revenue 21 15  
Media programming and production expenses 1 0  
Media selling, general and administrative expenses 11 5  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 1 1  
Amortization of program costs 0 0  
Corporate general and administrative expenses 15 16  
Loss on asset dispositions and other, net 0    
Other segment items 9 12  
Operating income (16) (19)  
Interest expense including amortization of debt discount and deferred financing costs 0 0  
Income (loss) from equity method investments (5) 15  
Gain on extinguishment of debt 0 0  
Other income, net (69) 9  
Intersegment revenues 4 2  
Eliminations      
Segment data      
Assets (1)    
Revenue (7) (7)  
Media programming and production expenses 0 0  
Media selling, general and administrative expenses (7) (4)  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 0 (1)  
Amortization of program costs 0 0  
Corporate general and administrative expenses 0 0  
Loss on asset dispositions and other, net 0    
Other segment items 0 (2)  
Operating income 0 0  
Interest expense including amortization of debt discount and deferred financing costs 0 0  
Income (loss) from equity method investments 0 0  
Gain on extinguishment of debt 0 0  
Other income, net $ 0 $ 0  
[1] Our consolidated total assets as of March 31, 2025 and December 31, 2024 include total assets of variable interest entities (“VIE”) of $66 million and $70 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2025 and December 31, 2024 include total liabilities of VIEs of $15 million and $16 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 7. Variable Interest Entities.