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Pay vs Performance Disclosure
number in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for PEO (a)Compensation Actually Paid to PEO (a) (b)Average Summary Compensation Table Total for Non-PEO Named Executive Officers (a)Average Compensation Actually Paid to Non-PEO Named Executive Officers
(a) (b)
Value of Initial Fixed $100 Investment Based On:Net (Loss) Income
($ in millions)
Adjusted EBITDA
($ in millions) (d)
TSR (c)Peer Group TSR (c)
2023$7,211,320 $7,620,879 $5,109,585 $5,133,788 $46.69 $119.01 $(279)$549 
20229,637,706 7,306,572 4,933,712 4,561,798 51.76 65.05 2,701 944 
202115,532,018 13,927,758 6,079,129 5,903,460 84.43 93.35 (326)1,300 
202012,769,638 12,891,208 5,455,659 5,557,778 99.09 92.94 (2,429)1,888 
     
Company Selected Measure Name (d)Adjusted EBITDA      
Named Executive Officers, Footnote Mr. Ripley was the PEO for all of the years ended December 31, 2023, 2022, 2021, and 2020. Non-PEO named executive officers for the years ended December 31, 2023, 2022, and 2021 were Messrs. David Smith, Weisbord, and Gibber and Ms. Rutishauser and for the year ended December 31, 2020 were Messrs. David Smith, Barry Faber, Jeffrey Krolik, and Weisbord and Ms. Rutishauser.      
PEO Total Compensation Amount $ 7,211,320 $ 9,637,706 $ 15,532,018 $ 12,769,638
PEO Actually Paid Compensation Amount $ 7,620,879 7,306,572 13,927,758 12,891,208
Adjustment To PEO Compensation, Footnote The following table sets forth the amounts that are deducted from, and added to, the Summary Compensation Table total compensation to calculate the CAP, as determined in accordance with SEC rules, to the PEO and average CAP, as determined in accordance with SEC rules, to the Non-PEO named executive officers for the years ended December 31, 2023, 2022, 2021, and 2020:
2023202220212020
PEO:
Summary Compensation Table total$7,211,320 $9,637,706 $15,532,018 $12,769,638 
Stock and SAR awards: (1)
Less: Stock and SAR awards (as reported on the Summary Compensation Table)(3,892,049)(6,170,468)(12,171,487)(10,362,761)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year1,811,984 1,687,222 4,831,800 6,776,597 
The change in the fair value at the end of the year compared to the prior year for all awards granted in a prior year that were outstanding and unvested at the end of the year— (1,015,543)(576,596)(55,875)
The change in the fair value at the vesting date compared to the prior year for all awards granted in a prior year that vested in the current year652,499 23,614 182,572 (599,151)
The fair value at the vesting date of all awards granted during the year that vested during the year1,837,125 3,144,041 6,129,451 4,362,760 
Compensation actually paid$7,620,879 $7,306,572 $13,927,758 $12,891,208 
Average for non-PEO named executive officers:
Summary Compensation Table total$5,109,585 $4,933,712 $6,079,129 $5,455,659 
Stock and SAR awards: (1)
Less: Stock and SAR awards (as reported on the Summary Compensation Table)(1,917,747)(2,527,341)(3,875,088)(2,343,740)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year497,685 255,233 365,199 622,438 
The change in the fair value at the end of the year compared to the prior year for all awards granted in a prior year that were outstanding and unvested at the end of the year— (140,778)(105,714)— 
The change in the fair value at the vesting date compared to the prior year for all awards granted in a prior year that vested in the current year65,708 12,507 29,088 — 
The fair value at the vesting date of all awards granted during the year that vested during the year1,378,557 2,028,465 3,410,846 1,823,421 
Compensation actually paid$5,133,788 $4,561,798 $5,903,460 $5,557,778 
(1) Includes restricted stock awards and SARs. SARs are valued using the Black-Scholes pricing model as of the date of grant. Adjustments have been made to the assumptions used on the date of grant, including expected years to exercise, expected volatility, annual dividend yield, and risk-free interest rate, to value the SARs on each of the measurement dates.
     
Non-PEO NEO Average Total Compensation Amount $ 5,109,585 4,933,712 6,079,129 5,455,659
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,133,788 4,561,798 5,903,460 5,557,778
Adjustment to Non-PEO NEO Compensation Footnote The following table sets forth the amounts that are deducted from, and added to, the Summary Compensation Table total compensation to calculate the CAP, as determined in accordance with SEC rules, to the PEO and average CAP, as determined in accordance with SEC rules, to the Non-PEO named executive officers for the years ended December 31, 2023, 2022, 2021, and 2020:
2023202220212020
PEO:
Summary Compensation Table total$7,211,320 $9,637,706 $15,532,018 $12,769,638 
Stock and SAR awards: (1)
Less: Stock and SAR awards (as reported on the Summary Compensation Table)(3,892,049)(6,170,468)(12,171,487)(10,362,761)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year1,811,984 1,687,222 4,831,800 6,776,597 
The change in the fair value at the end of the year compared to the prior year for all awards granted in a prior year that were outstanding and unvested at the end of the year— (1,015,543)(576,596)(55,875)
The change in the fair value at the vesting date compared to the prior year for all awards granted in a prior year that vested in the current year652,499 23,614 182,572 (599,151)
The fair value at the vesting date of all awards granted during the year that vested during the year1,837,125 3,144,041 6,129,451 4,362,760 
Compensation actually paid$7,620,879 $7,306,572 $13,927,758 $12,891,208 
Average for non-PEO named executive officers:
Summary Compensation Table total$5,109,585 $4,933,712 $6,079,129 $5,455,659 
Stock and SAR awards: (1)
Less: Stock and SAR awards (as reported on the Summary Compensation Table)(1,917,747)(2,527,341)(3,875,088)(2,343,740)
Plus:
The fair value at the end of the year for all awards granted during the year that were outstanding and unvested at the end of the year497,685 255,233 365,199 622,438 
The change in the fair value at the end of the year compared to the prior year for all awards granted in a prior year that were outstanding and unvested at the end of the year— (140,778)(105,714)— 
The change in the fair value at the vesting date compared to the prior year for all awards granted in a prior year that vested in the current year65,708 12,507 29,088 — 
The fair value at the vesting date of all awards granted during the year that vested during the year1,378,557 2,028,465 3,410,846 1,823,421 
Compensation actually paid$5,133,788 $4,561,798 $5,903,460 $5,557,778 
(1) Includes restricted stock awards and SARs. SARs are valued using the Black-Scholes pricing model as of the date of grant. Adjustments have been made to the assumptions used on the date of grant, including expected years to exercise, expected volatility, annual dividend yield, and risk-free interest rate, to value the SARs on each of the measurement dates.
     
Compensation Actually Paid vs. Total Shareholder Return The following charts reflect the relationship between the CAP to our PEO and average CAP to our non-PEO named executive officers to our TSR (as well as a comparison of our TSR to our Peer Group TSR), our net income (loss), and our Adjusted EBITDA for each of the years ended December 31, 2023, 2022, 2021, and 2020:
CAP vs TSR 3.14.24.jpg
     
Compensation Actually Paid vs. Net Income
CAP vs NI 3.14.24.jpg
     
Compensation Actually Paid vs. Company Selected Measure
CAP vs EBITDA 3.22.24.jpg
     
Total Shareholder Return Amount $ 46.69 51.76 84.43 99.09
Peer Group Total Shareholder Return Amount 119.01 65.05 93.35 92.94
Net Income (Loss) $ (279,000,000) $ 2,701,000,000 $ (326,000,000) $ (2,429,000,000)
Company Selected Measure Amount 549 944 1,300 1,888
PEO Name (a)Mr. Ripley      
Additional 402(v) Disclosure TSR assumes that an investment of $100 was made in our Class A Common Stock and in each peer group company on December 31, 2020 and that all dividends were reinvested and is measured by dividing total dividends (assuming dividend reinvestment) plus share price change between the beginning and end of the measurement period by the share price at the beginning of the measurement period. The Peer Group is defined as the peer group as set by the Compensation Committee. For a list of companies included in the 2023 Peer Group, see Compensation Discussion and Analysis, Compensation Process, above (the “2023 Peer Group”), and for a list of companies included in the 2022, 2021, and 2020 Peer Group (the “Former Peer Group”), see Compensation Discussion and Analysis, Compensation Process, in the Company’s 2022 proxy statement on Schedule 14A filed with the SEC on April 5, 2023. The TSR as of December 31, 2023 of the Former Peer Group, the 2023 Peer Group, and the Company were $68.16, $119.01, and $46.69, respectively.
Performance Measures. As discussed in Compensation Discussion and Analysis above, the primary objectives of our compensation program are to attract and retain the best available people while efficiently utilizing available resources, to enhance the executive officers’ overall performance, to align the long-term interests of our executive officers with those of our stockholders, to improve our overall business performance, and to reward individual performance. This is accomplished through a combination of base salary, long-term incentive compensation, and cash bonus designed to be competitive with comparable employers in the broadcast and media industry. The Compensation Committee considers both the Company’s overall performance and the individual’s performance when setting compensation levels. However, there are no set guidelines or policies outlining the weight of each, as the Compensation Committee assesses each factor at its discretion. For the year ended December 31, 2023, Adjusted EBITDA was the most important financial performance measure used to link executive compensation actually paid to company performance, and no other performance measures were used.
     
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description Adjusted EBITDA is a non-GAAP measure reflective of the operating performance of the entire Company. Adjusted EBITDA is calculated as GAAP net income before income from non-controlling interests; provision (benefit) for income taxes; other expenses (income); loss (income) from equity method investments; loss (income) from other investments and impairments; loss (gain) from extinguishment of debt/insurance proceeds; interest expense; interest income; loss (gain) on sale of assets; goodwill and definite-lived intangible assets impairment loss; amortization of intangible assets and other assets; depreciation of property & equipment; total stock-based compensation; amortization of program contract costs; and adjustments for non-recurring transaction, implementation, legal, regulatory, and other costs; less cash film payments.      
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (3,892,049) $ (6,170,468) $ (12,171,487) $ (10,362,761)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,811,984 1,687,222 4,831,800 6,776,597
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (1,015,543) (576,596) (55,875)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,837,125 3,144,041 6,129,451 4,362,760
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 652,499 23,614 182,572 (599,151)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,917,747) (2,527,341) (3,875,088) (2,343,740)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 497,685 255,233 365,199 622,438
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (140,778) (105,714) 0
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,378,557 2,028,465 3,410,846 1,823,421
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 65,708 $ 12,507 $ 29,088 $ 0