Note 12 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

12.     Commitments and Contingencies

From time to time we may have various contractual and other commitments requiring future payments. These commitments may include amounts required to be paid for: the acquisition of television stations; the purchase of property and equipment; service and other agreements; commitments for various syndicated television programs; and commitments under affiliation agreements with networks. Future minimum payments for these commitments, in addition to the liabilities accrued for on our consolidated balance sheets as of December 31, 2020, were as follows (in millions):

	Service and		Syndicated		Network
	Other		Television		Affiliation
Year	Agreements		Programming		Agreements		Total
2021	$	20	$	10	$	435	$	465
2022		16		28		224		268
2023		14		18		229		261
2024		11		1		-		12
2025		11		-		-		11
Thereafter		11		-		-		11
Total	$	83	$	57	$	888	$	1,028

Legal Proceedings and Claims. We are and expect to continue to be subject to legal actions, proceedings and claims that arise in the normal course of our business. In the opinion of management, the amount of ultimate liability, if any, with respect to these known actions, proceedings and claims will not materially affect our financial condition, results of operations or cash flows, although legal proceedings are subject to inherent uncertainties, and unfavorable rulings or events could result in materially adverse outcomes.