v3.26.1
SEGMENT DATA - Schedule of Segment Financial Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment data      
Assets [1] $ 5,776   $ 5,949
Revenue 807 $ 776  
Media programming and production expenses 412 418  
Media selling, general and administrative expenses 214 192  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 65 62  
Amortization of program costs 18 19  
Corporate general and administrative expenses 49 52  
(Gain) loss on asset dispositions and other, net 7 8  
Other segment items 15 11  
Operating income 27 14  
Interest expense including amortization of debt discount and deferred financing costs 85 144  
Loss from equity method investments (1) (6)  
Gain on extinguishment of debt 0 2  
Other income (expense), net (78) (66)  
Loss before income taxes (137) (200)  
Operating Segments | Local Media      
Segment data      
Assets 4,490    
Revenue 701 694  
Media programming and production expenses 382 390  
Media selling, general and administrative expenses 171 170  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 60 56  
Amortization of program costs 18 19  
Corporate general and administrative expenses 34 37  
(Gain) loss on asset dispositions and other, net (1) 8  
Other segment items 2 2  
Operating income 35 12  
Interest expense including amortization of debt discount and deferred financing costs 85 144  
Loss from equity method investments 0 0  
Gain on extinguishment of debt   2  
Other income (expense), net 4 3  
Operating Segments | Tennis      
Segment data      
Assets 265    
Revenue 70 68  
Media programming and production expenses 30 27  
Media selling, general and administrative expenses 19 18  
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 1 0  
(Gain) loss on asset dispositions and other, net 0 0  
Other segment items 0 0  
Operating income 15 18  
Interest expense including amortization of debt discount and deferred financing costs 0 0  
Loss from equity method investments 0 (1)  
Gain on extinguishment of debt   0  
Other income (expense), net 0 0  
Other & Corporate      
Segment data      
Assets 1,021    
Revenue 46 21  
Media programming and production expenses 0 1  
Media selling, general and administrative expenses 34 11  
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 14 15  
(Gain) loss on asset dispositions and other, net 8 0  
Other segment items 13 9  
Operating income (23) (16)  
Interest expense including amortization of debt discount and deferred financing costs 0 0  
Loss from equity method investments (1) (5)  
Gain on extinguishment of debt   0  
Other income (expense), net (82) (69)  
Intersegment revenues 8 4  
Eliminations      
Segment data      
Assets 0    
Revenue (10) (7)  
Media programming and production expenses 0 0  
Media selling, general and administrative expenses (10) (7)  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 0 0  
Amortization of program costs 0 0  
Corporate general and administrative expenses 0 0  
(Gain) loss on asset dispositions and other, net 0 0  
Other segment items 0 0  
Operating income 0 0  
Interest expense including amortization of debt discount and deferred financing costs 0 0  
Loss from equity method investments 0 0  
Gain on extinguishment of debt   0  
Other income (expense), net $ 0 $ 0  
[1] Our consolidated total assets as of March 31, 2026 and December 31, 2025 include total assets of variable interest entities (“VIE”) of $21 million and $30 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2026 and December 31, 2025 include total liabilities of VIEs of $5 million and $8 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 7. Variable Interest Entities.