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GOODWILL, INDEFINITE-LIVED INTANGIBLE ASSETS, AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill  
Schedule of Goodwill The change in the carrying amount of goodwill at December 31, 2023 and 2022 was as follows (in millions):
 Local mediaTennisOtherConsolidated
Balance at December 31, 2021$2,016 $61 $11 $2,088 
Balance at December 31, 2022$2,016 $61 $11 $2,088 
Disposition— — (6)(6)
Balance at December 31, 2023$2,016 $61 $5 $2,082 
Schedule of Indefinite-Lived Intangible Assets
As of December 31, 2023 and 2022, the carrying amount of our indefinite-lived intangible assets was as follows (in millions):
Local mediaTennisOtherConsolidated
Balance at December 31, 2021 (a)$123 $24 $3 $150 
Balance at December 31, 2022 (a) (b)$123 $24 $3 $150 
Balance at December 31, 2023 (a) (b)$123 $24 $3 $150 
(a)Our indefinite-lived intangible assets in our local media segment relate to broadcast licenses and our indefinite-lived intangible assets in our tennis segment and other relate to trade names.
(b)Approximately $14 million of indefinite-lived intangible assets relate to consolidated VIEs as of December 31, 2023 and 2022.
Schedule of Finite-Lived Intangible Assets Amortization
The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles (in millions):
  As of December 31, 2023
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships$1,098 $(729)$369 
   Network affiliation$1,435 $(1,032)$403 
   Other36 (29)7 
Total other definite-lived intangible assets (a)$1,471 $(1,061)$410 
Total definite-lived intangible assets$2,569 $(1,790)$779 
 
 As of December 31, 2022
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships (b)$1,103 $(659)$444 
Network affiliation$1,436 $(948)$488 
   Other34 (20)14 
Total other definite-lived intangible assets (a) (b)$1,470 $(968)$502 
Total definite-lived intangible assets$2,573 $(1,627)$946 
(a)Approximately $33 million and $40 million of definite-lived intangible assets relate to consolidated VIEs as of December 31, 2023 and 2022, respectively.
(b)During 2022, we deconsolidated $3,330 million of customer relationships and $585 million of favorable sports contracts related to the Deconsolidation.
Schedule of Estimated Amortization Expense of the Definite-lived Intangible Assets
The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in millions): 
2024$149 
2025143 
2026141 
2027127 
2028101 
2029 and thereafter118 
$779 
Sinclair Broadcast Group, LLC  
Goodwill  
Schedule of Goodwill The change in the carrying amount of goodwill at December 31, 2023 and 2022 was as follows (in millions):
 Local mediaOtherConsolidated
Balance at December 31, 2021$2,016 $72 $2,088 
Balance at December 31, 2022$2,016 $72 $2,088 
Disposition— (6)(6)
Transferred to Ventures— (66)(66)
Balance at December 31, 2023$2,016 $— $2,016 
Schedule of Indefinite-Lived Intangible Assets
As of December 31, 2023 and 2022, the carrying amount of SBG's indefinite-lived intangible assets was as follows (in millions):
Local mediaOtherConsolidated
Balance at December 31, 2021 (a)$123 $27 $150 
Balance at December 31, 2022 (a) (b)$123 $27 $150 
Transferred to Ventures— (27)(27)
Balance at December 31, 2023 (a) (b)$123 $— $123 
(a)SBG's indefinite-lived intangible assets in its local media segment relate to broadcast licenses and SBG's indefinite-lived intangible assets in other relate to trade names.
(b)Approximately $14 million of indefinite-lived intangible assets relate to consolidated VIEs as of December 31, 2023 and 2022.
Schedule of Finite-Lived Intangible Assets Amortization
The following table shows the gross carrying amount and accumulated amortization of SBG's definite-lived intangibles (in millions):
  As of December 31, 2023
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships (a)$817 $(579)$238 
   Network affiliation$1,435 $(1,032)$403 
   Other21 (15)6 
Total other definite-lived intangible assets (a) (b)$1,456 $(1,047)$409 
Total definite-lived intangible assets$2,273 $(1,626)$647 
 
 As of December 31, 2022
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships (c)$1,103 $(659)$444 
Network affiliation$1,436 $(948)$488 
   Other34 (20)14 
Total other definite-lived intangible assets (b) (c)$1,470 $(968)$502 
Total definite-lived intangible assets$2,573 $(1,627)$946 
(a)During 2023, $142 million of customer relationships and $7 million of other definite-lived intangible assets were transferred to Ventures as part of the Reorganization, as discussed in Company Reorganization under Note 1. Nature of Operations and Summary of Significant Accounting Policies.
(b)Approximately $33 million and $40 million of definite-lived intangible assets relate to consolidated VIEs as of December 31, 2023 and 2022, respectively.
(c)During 2022, SBG deconsolidated $3,330 million of customer relationships and $585 million of favorable sports contracts related to the Deconsolidation.
Schedule of Estimated Amortization Expense of the Definite-lived Intangible Assets
The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in millions):
2024$129 
2025123 
2026122 
2027109 
202883 
2029 and thereafter81 
$647