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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues (less agency commissions)      
Revenue (less agency commissions) $ 2,122 $ 1,084 $ 883
Operating expenses before depreciation, amortization, and gain on disposals of assets, net:      
Corporate and administrative 104 41 32
Depreciation 80 54 52
Amortization of intangible assets 115 21 25
Gain on disposals of assets, net (54) (17) (74)
Operating expenses 1,644 695 593
Operating income 478 389 290
Other income (expense):      
Miscellaneous income, net 4 6 1
Interest expense (227) (107) (95)
Loss from early extinguishment of debt 0 0 (3)
Income before income taxes 255 288 193
Income tax expense (benefit) 76 77 (69)
Net income 179 211 262
Preferred stock dividends 52 0 0
Net income attributable to common stockholders $ 127 $ 211 $ 262
Basic per share information:      
Net income attributable to common stockholders (in dollars per share) $ 1.28 $ 2.39 $ 3.59
Weighted average shares outstanding (in shares) 99 88 73
Diluted per share information:      
Net income attributable to common stockholders (in dollars per share) $ 1.27 $ 2.37 $ 3.55
Weighted average shares outstanding (in shares) 100 89 74
Dividends declared per common share (in dollars per share) $ 0 $ 0 $ 0
Broadcasting, Segment [Member]      
Revenues (less agency commissions)      
Revenue (less agency commissions) $ 2,035 $ 1,084 $ 883
Operating expenses before depreciation, amortization, and gain on disposals of assets, net:      
Cost of goods and services sold 1,325 596 558
Operating expenses 1,451 653  
Operating income 584 431  
Other income (expense):      
Interest expense 0 0  
Production Companies, Segment [Member]      
Revenues (less agency commissions)      
Revenue (less agency commissions) 87 0 0
Operating expenses before depreciation, amortization, and gain on disposals of assets, net:      
Cost of goods and services sold 74 0 $ 0
Operating expenses 87 0  
Operating income 0 0  
Other income (expense):      
Interest expense $ 0 $ 0