v3.25.2
Note 12 - Segment Information - Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Revenue $ 772 $ 826 $ 1,554 $ 1,649  
Payroll and employee benefits [1]     471 483  
Network affiliation fees [1]     467 467  
Programming [1]     62 57  
Depreciation and amortization [1]     123 135  
Impairment of intangible assets     28    
Other segment items(2) [2]     229 231  
Segment operating income (loss) 82 152 174 276  
Miscellaneous income, net 0 2 1 112  
Interest expense (117) (118) (235) (233)  
Gain on early extinguishment of debt 0 (7) 1 (7)  
Loss before income tax (35) 29 (59) 148  
Capital expenditures (excluding business combinations) 40 63  
Goodwill 2,642   2,642   $ 2,642
Investments in broadcasting and technology companies 58   58   66
Total assets 10,352   10,352   10,542
Miscellaneous income, net 0 2 1 112  
Loss on early extinguishment of debt 0 (7) 1 (7)  
Broadcasting, Segment [Member]          
Revenue 754 808 1,509 1,607  
Production Companies, Segment [Member]          
Revenue 18 $ 18 45 42  
Other Operating Segment [Member]          
Revenue     0 0  
Payroll and employee benefits [1]     32 29  
Network affiliation fees [1]     0 0  
Programming [1]     0 0  
Depreciation and amortization [1]     1 1  
Other segment items(2) [2]     25 27  
Segment operating income (loss)     (58) (57)  
Capital expenditures (excluding business combinations)     0 0  
Goodwill 0   0   0
Investments in broadcasting and technology companies 13   13   13
Total assets 246   246   225
Operating Segments [Member] | Broadcasting, Segment [Member]          
Revenue     1,509 1,607  
Payroll and employee benefits [1]     429 444  
Network affiliation fees [1]     467 467  
Programming [1]     59 51  
Depreciation and amortization [1]     114 124  
Impairment of intangible assets     28    
Other segment items(2) [2]     176 186  
Segment operating income (loss)     236 335  
Capital expenditures (excluding business combinations)     21 41  
Goodwill 2,614   2,614   2,614
Investments in broadcasting and technology companies 41   41   49
Total assets 9,383   9,383   9,636
Operating Segments [Member] | Production Companies, Segment [Member]          
Revenue     45 42  
Payroll and employee benefits [1]     10 10  
Network affiliation fees [1]     0 0  
Programming [1]     3 6  
Depreciation and amortization [1]     8 10  
Other segment items(2) [2]     28 18  
Segment operating income (loss)     (4) (2)  
Capital expenditures (excluding business combinations)     19 $ 22  
Goodwill 28   28   28
Investments in broadcasting and technology companies 4   4   4
Total assets $ 723   $ 723   $ 681
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
[2] Other segment items for each reportable segment includes (gain) loss on disposal of assets, professional services expense, repairs and maintenance expense, occupancy expense (including property tax expense), and certain overhead expenses.