SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Segment Financial Information

Segment financial information is included in the following tables for the periods presented (in millions):


As of June 30, 2024	Local Media		Tennis		Other & Corporate		Eliminations		Consolidated
Assets	$	4,418	$	307	$	964	$	(3)	$	5,686


For the three months ended June 30, 2024	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	750	$	67	$	20	$	(8)	(a)	$	829
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58		6		—		(1)			63
Amortization of program costs	18		—		—		—			18
Corporate general and administrative expenses	29		—		21		—			50



Operating income (loss)	83		1		(20)		—			64
Interest expense including amortization of debt discount and deferred financing costs	76		—		—		—			76
Income from equity method investments	—		—		78		—			78

For the six months ended June 30, 2024	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	1,477	$	130	$	35	$	(15)	(a)	$	1,627
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	116		11		1		(2)			126
Amortization of program costs	37		—		—		—			37
Corporate general and administrative expenses	70		1		37		—			108

Loss on asset dispositions and other, net of impairment	—		—		2		—			2

Operating income (loss)	124		21		(39)		—			106
Interest expense including amortization of debt discount and deferred financing costs	152		—		—		—			152
(Loss) income from equity method investments	—		(1)		93		—			92


For the three months ended June 30, 2023	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	699	$	60	$	14	$	(5)	(a)	$	768
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	67		5		1		—			73

Amortization of program costs	19		—		—		—			19
Corporate general and administrative expenses	46		—		16		—			62

(Gain) loss on asset dispositions and other, net of impairment	(2)		—		7		—			5

Operating income (loss)	22		3		(28)		—			(3)
Interest expense including amortization of debt discount and deferred financing costs	76		—		—		—			76
Loss from equity method investments	—		—		(1)		—			(1)

For the six months ended June 30, 2023	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	1,404	115		31		(9)		(a)	$	1,541
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	126		10		3		(1)			138

Amortization of program costs	41		—		—		—			41
Corporate general and administrative expenses	78		—		42		—			120

(Gain) loss on asset dispositions and other, net of impairment	(3)		—		14		—			11

Operating income (loss)	63		21		(66)		—			18
Interest expense including amortization of debt discount and deferred financing costs	150		—		—		—			150
Income from equity method investments	—		—		30		—			30

(a)Includes $3 million and $5 million for the three and six months ended June 30, 2024, respectively, and $2 million and $3 million for the three and six months ended June 30, 2023, respectively, of revenue for services provided by other to local media, which is eliminated in consolidation.