CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 291,240	$ 693,214
Accounts receivable, net of allowances of $3,510 and $2,831, respectively	603,522	604,300
Other receivables	23,117	11,752
Syndicated programming rights	27,219	28,097
Prepaid expenses and other current assets	35,902	23,049
Total current assets	981,000	1,360,412
Property and equipment
Land	86,347	86,347
Buildings and improvements	362,932	360,492
Equipment, furniture and fixtures	638,039	641,024
Construction in progress	10,487	6,037
Total	1,097,805	1,093,900
Less accumulated depreciation	(673,134)	(649,581)
Net property and equipment	424,671	444,319
Intangible and other assets
Goodwill	3,015,944	3,015,944
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $220,522 and $185,175, respectively	2,273,800	2,309,772
Right-of-use assets for operating leases	65,071	63,535
Investments and other assets	113,448	132,537
Total intangible and other assets	5,468,263	5,521,788
Total assets	6,873,934	7,326,519
Current liabilities
Accounts payable	93,276	87,338
Accrued liabilities
Compensation	75,324	64,343
Interest	36,999	44,719
Contracts payable for programming rights	139,385	143,095
Other	85,381	75,454
Income taxes payable	0	51,331
Total current liabilities	430,365	466,280
Noncurrent liabilities
Net deferred income tax liabilities	591,267	579,213
Long-term debt	2,530,587	3,076,451
Pension liabilities	56,522	65,956
Operating lease liabilities	59,981	63,421
Other noncurrent liabilities	49,033	50,167
Total noncurrent liabilities	3,287,390	3,835,208
Total liabilities	3,717,755	4,301,488
Commitments and contingent liabilities (see Note 11)
Redeemable noncontrolling interest (see Note 1)	0	20,317
Shareholders’ equity
Common stock of $1 par value per share, 800,000,000 shares authorized, 168,168,632 and 324,418,632 shares issued, respectively	168,169	324,419
Additional paid-in capital	29,297	27,941
Retained earnings	3,172,693	8,549,717
Accumulated other comprehensive loss	(101,953)	(106,644)
Less treasury stock at cost, 7,103,970 and 164,520,591 shares, respectively	(112,027)	(5,790,719)
Total equity	3,156,179	3,004,714
Total liabilities, redeemable noncontrolling interest and equity	$ 6,873,934	$ 7,326,519