NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

The following table presents our revenue disaggregated by type and segment (in millions):


For the three months ended June 30, 2026			Local Media						Tennis						Other						Eliminations						Total
Distribution revenue			$	389					$	55					$	—					$	—					$	444
Core advertising revenue			260						14						45						(11)						308
Political advertising revenue			59						—						—						—						59
Other media, non-media, and intercompany revenue			23						1						8						(3)						29
Total revenue			$	731					$	70					$	53					$	(14)					$	840

For the three months ended June 30, 2025			Local Media						Tennis						Other						Eliminations						Total
Distribution revenue			$	380					$	54					$	—					$	—					$	434
Core advertising revenue			272						13						38						(7)						316
Political advertising revenue			6						—						—						—						6
Other media, non-media, and intercompany revenue			21						1						8						(2)						28
Total revenue			$	679					$	68					$	46					$	(9)					$	784

For the six months ended June 30, 2026			Local Media						Tennis						Other						Eliminations						Total
Distribution revenue			$	791					$	111					$	—					$	—					$	902
Core advertising revenue			521						27						85						(20)						613
Political advertising revenue			77						—						—						—						77
Other media, non-media, and intercompany revenue			43						2						14						(4)						55
Total revenue			$	1,432					$	140					$	99					$	(24)					$	1,647

For the six months ended June 30, 2025			Local Media						Tennis						Other						Eliminations						Total
Distribution revenue			$	775					$	110					$	—					$	—					$	885
Core advertising revenue			543						24						53						(12)						608
Political advertising revenue			12						—						—						—						12
Other media, non-media, and intercompany revenue			43						2						14						(4)						55
Total revenue			$	1,373					$	136					$	67					$	(16)					$	1,560