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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues (less agency commissions)        
Revenue (less agency commissions) $ 517 $ 279 $ 1,543 $ 756
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net:        
Corporate and administrative 14 11 83 30
Depreciation 20 13 60 41
Amortization of intangible assets 29 5 86 16
(Gain) loss on disposal of fixed assets, net (14) (3) (27) (6)
Operating expenses 378 171 1,245 518
Operating income 139 108 298 238
Other income (expense):        
Miscellaneous income, net 0 0 4 2
Interest expense (57) (25) (173) (74)
Income before income taxes 82 83 129 166
Income tax expense 23 22 44 43
Net income 59 61 85 123
Preferred stock dividends 13 0 39 0
Net income attributable to common stockholders $ 46 $ 61 $ 46 $ 123
Basic per share information:        
Net income attributable to common stockholders (in dollars per share) $ 0.46 $ 0.70 $ 0.46 $ 1.39
Weighted-average shares outstanding (in shares) 100 88 100 88
Diluted per share information:        
Net income attributable to common stockholders (in dollars per share) $ 0.46 $ 0.69 $ 0.46 $ 1.38
Weighted-average shares outstanding (in shares) 101 89 100 89
Dividends declared per common share (in dollars per share) $ 0 $ 0 $ 0 $ 0
Broadcasting, Segment [Member]        
Revenues (less agency commissions)        
Revenue (less agency commissions) $ 501 $ 279 $ 1,481 $ 756
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net:        
Cost of goods and services sold 316 145 986 437
Operating expenses     1,094 487
Operating income     387 269
Other income (expense):        
Interest expense     0 0
Production Companies, Segment [Member]        
Revenues (less agency commissions)        
Revenue (less agency commissions) 16 0 62 0
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net:        
Cost of goods and services sold $ 13 $ 0 57 0
Operating expenses     66 0
Operating income     (4) 0
Other income (expense):        
Interest expense     $ 0 $ 0