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GOODWILL, INDEFINITE-LIVED INTANGIBLE ASSETS, AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill  
Schedule of Goodwill The change in the carrying amount of goodwill at December 31, 2024 and 2023 was as follows (in millions):
 Local mediaTennisOtherConsolidated
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 
Balance at December 31, 2024$2,016 $61 $5 $2,082 
Schedule of Indefinite-Lived Intangible Assets
As of December 31, 2024 and 2023, the carrying amount of our indefinite-lived intangible assets was as follows (in millions):
Local mediaTennisOtherConsolidated
Balance at December 31, 2022 (a)$123 $24 $3 $150 
Balance at December 31, 2023 (a) (b)$123 $24 $3 $150 
Balance at December 31, 2024 (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, 2024 and 2023.
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, 2024
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships$1,098 $(796)$302 
   Network affiliation$1,435 $(1,112)$323 
   Other36 (31)5 
Total other definite-lived intangible assets (a)$1,471 $(1,143)$328 
Total definite-lived intangible assets$2,569 $(1,939)$630 
 
 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 
(a)Approximately $26 million and $33 million of definite-lived intangible assets relate to consolidated VIEs as of December 31, 2024 and 2023, respectively.
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):
2025$143 
2026141 
2027127 
2028101 
202965 
2030 and thereafter53 
$630 
Sinclair Broadcast Group, LLC  
Goodwill  
Schedule of Goodwill The change in the carrying amount of goodwill at December 31, 2024 and 2023 was as follows (in millions):
 Local mediaOtherConsolidated
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 
Balance at December 31, 2024$2,016 $— $2,016 
Schedule of Indefinite-Lived Intangible Assets
As of December 31, 2024 and 2023, the carrying amount of SBG’s indefinite-lived intangible assets was as follows (in millions):
Local mediaOtherConsolidated
Balance at December 31, 2022 (a)$123 $27 $150 
Transferred to Ventures— (27)(27)
Balance at December 31, 2023 (a) (b)$123 $— $123 
Balance at December 31, 2024 (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, 2024 and 2023.
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, 2024
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships$817 $(626)$191 
   Network affiliation$1,435 $(1,112)$323 
   Other21 (18)3 
Total other definite-lived intangible assets (a)$1,456 $(1,130)$326 
Total definite-lived intangible assets$2,273 $(1,756)$517 
 
 As of December 31, 2023
 Gross Carrying ValueAccumulated AmortizationNet
Amortized intangible assets:
Customer relationships (b)$817 $(579)$238 
Network affiliation$1,435 $(1,032)$403 
   Other21 (15)6 
Total other definite-lived intangible assets (a) and (b)$1,456 $(1,047)$409 
Total definite-lived intangible assets$2,273 $(1,626)$647 
(a)Approximately $26 million and $33 million of definite-lived intangible assets relate to consolidated VIEs as of December 31, 2024 and 2023, respectively.
(b)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.
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):
2025$123 
2026122 
2027109 
202883 
202948 
2030 and thereafter32 
$517