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  
Gain on extinguishment of debt 2 1  
Other (expense) 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  
Gain on extinguishment of debt 2 1  
Other (expense) income, net 3 31  
Sinclair Broadcast Group, LLC      
Segment data      
Assets [2] 4,617   $ 4,689
Media programming and production expenses 390 383  
Media selling, general and administrative expenses 170 183  
Amortization of program costs 19 19  
Corporate general and administrative expenses 37 41  
Loss on asset dispositions and other, net 8 0  
Operating income 12 41  
Interest expense including amortization of debt discount and deferred financing costs 144 76  
Gain on extinguishment of debt 2 1  
Other (expense) income, net 3 31  
(Loss) income before income taxes (127) (3)  
Sinclair Broadcast Group, LLC | Operating Segments | Local Media      
Segment data      
Assets 4,556    
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  
Gain on extinguishment of debt 2 1  
Other (expense) income, net 3 31  
(Loss) income before income taxes (127) $ (3)  
Sinclair Broadcast Group, LLC | Corporate      
Segment data      
Assets $ 61    
[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.
[2] Sinclair Broadcast Group, LLC’s (“SBG”) 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. SBG’s 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 SBG. See Note 6. Variable Interest Entities.