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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Media Revenue $ 3,142 $ 3,511 $ 3,106
Non-media revenue 27 37 28
Total revenue 3,169 3,548 3,134
OPERATING EXPENSES:      
Media programming and production expenses 1,653 1,661 1,611
Media selling, general and administrative expenses 806 794 747
Amortization of program contract costs 74 74 80
Non-media expenses 48 53 49
Depreciation of property and equipment 104 101 105
Corporate general and administrative expenses 185 185 694
Amortization of definite-lived intangible and other assets 145 149 166
Loss on deconsolidation of subsidiary 0 0 10
(Gain) loss on asset dispositions and other, net (19) (20) 3
Total operating expenses 2,996 2,997 3,465
Operating income (loss) 173 551 (331)
OTHER INCOME (EXPENSE):      
Interest expense including amortization of debt discount and deferred financing costs (395) (304) (305)
Gain on extinguishment of debt 6 1 15
Income from equity method investments 61 118 29
Other income (expense), net 2 29 (45)
Total other expense, net (326) (156) (306)
(Loss) income before income taxes (153) 395 (637)
INCOME TAX BENEFIT (PROVISION) 54 (76) 358
NET (LOSS) INCOME (99) 319 (279)
Net loss attributable to the redeemable noncontrolling interests 0 0 4
Net income attributable to the noncontrolling interests (13) (9) (16)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR $ (112) $ 310 $ (291)
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR:      
Basic (loss) earnings per share (in dollars per share) $ (1.61) $ 4.72 $ (4.46)
Diluted (loss) earnings per share (in dollars per share) $ (1.61) $ 4.69 $ (4.46)
Basic weighted average common shares outstanding (in shares) 69,118 65,782 65,125
Diluted weighted average common and common equivalent shares outstanding (in shares) 69,118 66,096 65,125