Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income	$ 186	$ 85
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	69	60
Amortization of intangible assets	78	86
Amortization of deferred loan costs	9	9
Amortization of restricted stock awards	12	10
Amortization of program broadcast rights	28	30
Payments on program broadcast obligations	(29)	(33)
Common stock contributed to 401(k)	5	4
Deferred income taxes	41	34
Gain on disposals of fixed assets, net	(23)	(27)
Other	6	(6)
Changes in operating assets and liabilities:
Accounts receivable	28	29
Prepaid income taxes	(13)	0
Other current assets	2	(7)
Accounts payable	68	2
Employee compensation, benefits and pension cost	(9)	(6)
Accrued network fees and other expenses	(1)	(42)
Accrued interest	7	30
Income taxes payable	(11)	(9)
Deferred revenue	35	6
Net cash provided by operating activities	488	255
Investing activities
Acquisitions of television businesses and licenses, net of cash acquired	(21)	(2,823)
Proceeds from sale of television station	0	231
Purchases of property and equipment	(70)	(73)
Proceeds from FCC Repack (Note 1)	19	32
Proceeds from asset sales	8	3
Acquisition prepayments	(26)	(12)
Investments in broadcast, production and technology companies	(38)	(2)
Other	(1)	(2)
Net cash used in investing activities	(129)	(2,646)
Financing activities
Proceeds from borrowings on long-term debt	0	1,400
Repayments of borrowings on long-term debt	0	(11)
Payments for the repurchase of common stock	(59)	(11)
Payment of preferred stock dividends	(39)	(26)
Deferred and other loan costs	0	(50)
Payments for taxes related to net share settlement of equity awards	(6)	(4)
Net cash provided by (used in) financing activities	(104)	1,298
Net increase (decrease) in cash	255	(1,093)
Cash and restricted cash at beginning of period	212	1,419
Cash at end of period	$ 467	$ 326