v3.26.1
SEGMENT DATA - Schedule of Segment Financial Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment data          
Assets [1] $ 5,481   $ 5,481   $ 5,949
Revenue 840 $ 784 1,647 $ 1,560  
Media programming and production expenses 424 420 836 838  
Media selling, general and administrative expenses 217 200 431 392  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 68 59 133 121  
Amortization of program costs 18 17 36 36  
Corporate general and administrative expenses 45 45 94 97  
(Gain) loss on asset dispositions and other, net 5 9 12 17  
Other segment items 13 13 28 24  
Operating income 50 21 77 35  
Interest expense including amortization of debt discount and deferred financing costs 80 82 165 226  
Loss from equity method investments (3) (1) (4) (7)  
Gain on extinguishment of debt 13 4 13 6  
Other income (expense), net 55 (18) (23) (84)  
Income (loss) before income taxes 35 (76) (102) (276)  
Operating Segments | Local Media          
Segment data          
Assets 4,144   4,144    
Revenue 731 679 1,432 1,373  
Media programming and production expenses 381 380 763 770  
Media selling, general and administrative expenses 176 162 347 332  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 58 54 118 110  
Amortization of program costs 18 17 36 36  
Corporate general and administrative expenses 23 27 57 64  
(Gain) loss on asset dispositions and other, net 5 (28) 4 (20)  
Other segment items 2 2 4 4  
Operating income 68 65 103 77  
Interest expense including amortization of debt discount and deferred financing costs 80 82 165 226  
Loss from equity method investments 0 0 0 0  
Gain on extinguishment of debt 13 4 13 6  
Other income (expense), net 0 3 4 6  
Operating Segments | Tennis          
Segment data          
Assets 281   281    
Revenue 70 68 140 136  
Media programming and production expenses 43 39 73 66  
Media selling, general and administrative expenses 19 15 38 33  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 6 5 11 10  
Amortization of program costs 0 0 0 0  
Corporate general and administrative expenses 0 1 1 1  
(Gain) loss on asset dispositions and other, net 0 0 0 0  
Other segment items 0 0 0 0  
Operating income 2 8 17 26  
Interest expense including amortization of debt discount and deferred financing costs 0 0 0 0  
Loss from equity method investments (1) (1) (1) (2)  
Gain on extinguishment of debt 0 0 0 0  
Other income (expense), net 0 0 0 0  
Other & Corporate          
Segment data          
Assets 1,056   1,056    
Revenue 53 46 99 67  
Media programming and production expenses 0 1 0 2  
Media selling, general and administrative expenses 35 31 69 42  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 4 0 4 1  
Amortization of program costs 0 0 0 0  
Corporate general and administrative expenses 22 17 36 32  
(Gain) loss on asset dispositions and other, net 0 37 8 37  
Other segment items 12 12 25 21  
Operating income (20) (52) (43) (68)  
Interest expense including amortization of debt discount and deferred financing costs 0 0 0 0  
Loss from equity method investments (2) 0 (3) (5)  
Gain on extinguishment of debt 0 0 0 0  
Other income (expense), net 55 (21) (27) (90)  
Intersegment revenues 9 5 17 9  
Eliminations          
Segment data          
Assets 0   0    
Revenue (14) (9) (24) (16)  
Media programming and production expenses 0 0 0 0  
Media selling, general and administrative expenses (13) (8) (23) (15)  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 0 0 0 0  
Amortization of program costs 0 0 0 0  
Corporate general and administrative expenses 0 0 0 0  
(Gain) loss on asset dispositions and other, net 0 0 0 0  
Other segment items (1) (1) (1) (1)  
Operating income 0 0 0 0  
Interest expense including amortization of debt discount and deferred financing costs 0 0 0 0  
Loss from equity method investments 0 0 0 0  
Gain on extinguishment of debt 0 0 0 0  
Other income (expense), net $ 0 $ 0 $ 0 $ 0  
[1] Our consolidated total assets as of June 30, 2026 and December 31, 2025 include total assets of variable interest entities (“VIE”) of $16 million and $30 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2026 and December 31, 2025 include total liabilities of VIEs of $4 million and $8 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 7. Variable Interest Entities.