Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net income	$ 64	$ 26
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	42	40
Amortization of intangible assets	52	57
Amortization of deferred loan costs	6	6
Amortization of restricted stock and stock option awards	7	5
Amortization of program broadcast rights	19	20
Payments on program broadcast obligations	(20)	(24)
Common stock contributed to 401(k)	5	4
Deferred income taxes	13	12
Gain on disposals of assets, net	(13)	(13)
Other	2	(7)
Changes in operating assets and liabilities:
Accounts receivable	57	41
Other current assets	6	(15)
Accounts payable	75	0
Employee compensation, benefits and pension cost	(12)	(14)
Accrued network fees and other expenses	(5)	(42)
Accrued interest	(2)	4
Income taxes payable	10	1
Deferred revenue	1	4
Net cash provided by operating activities	307	105
Investing activities
Acquisitions of television businesses and licenses, net of cash acquired	(1)	(2,789)
Proceeds from sale of television station	0	231
Purchases of property and equipment	(51)	(44)
Proceeds from asset sales	1	3
Proceeds from FCC Repack (Note 1)	14	17
Acquisition prepayments	0	(14)
Other	(22)	(3)
Net cash used in investing activities	(59)	(2,599)
Financing activities
Proceeds from borrowings on long-term debt	0	1,400
Repayments of borrowings on long-term debt	0	(7)
Payments for the repurchase of common stock	(49)	0
Payment of preferred stock dividends	(26)	(13)
Deferred and other loan costs	0	(50)
Payments for taxes related to net share settlement of equity awards	(6)	(4)
Net cash (used in) provided by financing activities	(81)	1,326
Net increase (decrease) in cash	167	(1,168)
Cash and restricted cash at beginning of period	212	1,419
Cash at end of period	$ 379	$ 251