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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 693,214 $ 361,036
Accounts receivable, net of allowances of $2,831 and $2,845, respectively 604,300 624,445
Other receivables 11,752 9,299
Syndicated programming rights 28,097 31,530
Prepaid expenses and other current assets 23,049 24,008
Total current assets 1,360,412 1,050,318
Property and equipment    
Land 86,347 86,442
Buildings and improvements 360,492 352,546
Equipment, furniture and fixtures 641,024 631,444
Construction in progress 6,037 7,777
Total 1,093,900 1,078,209
Less accumulated depreciation (649,581) (626,029)
Net property and equipment 444,319 452,180
Intangible and other assets    
Goodwill 3,015,944 2,981,587
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $185,175 and $289,949, respectively 2,309,772 2,328,972
Right-of-use assets for operating leases 63,535 73,479
Investments and other assets 132,537 113,521
Total intangible and other assets 5,521,788 5,497,559
Total assets 7,326,519 7,000,057
Current liabilities    
Accounts payable 87,338 114,950
Accrued liabilities    
Compensation 64,343 54,929
Interest 44,719 45,144
Contracts payable for programming rights 143,095 119,562
Other 75,454 82,782
Income taxes payable 51,331 6,005
Total current liabilities 466,280 423,372
Noncurrent liabilities    
Net deferred income tax liabilities 579,213 578,219
Long-term debt 3,076,451 3,072,801
Pension liabilities 65,956 70,483
Operating lease liabilities 63,421 73,733
Other noncurrent liabilities 50,167 57,765
Total noncurrent liabilities 3,835,208 3,853,001
Total liabilities 4,301,488 4,276,373
Commitments and contingent liabilities (see Note 11)
Redeemable noncontrolling interest (see Note 1) 20,317 18,812
Shareholders’ equity    
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued 324,419 324,419
Additional paid-in capital 27,941 27,941
Retained earnings 8,549,717 8,091,245
Accumulated other comprehensive loss (106,644) (119,610)
Less treasury stock at cost, 164,520,591 shares and 144,502,338 shares, respectively (5,790,719) (5,619,123)
Total equity 3,004,714 2,704,872
Total liabilities, redeemable noncontrolling interest and equity $ 7,326,519 $ 7,000,057