Production

As of and for the Year ended December 31, 2020:

Broadcasting

Companies

Other

Consolidated

Revenue (less agency commissions)

$

2,320

$

61

$

-

$

2,381

Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net:

1,340

52

65

1,457

Depreciation and amortization

186

12

3

201

(Gain) loss on disposal of assets, net

(31

)

2

-

(29

)

Total operating expenses

1,495

66

68

1,629

Operating income

$

825

$

(5

)

$

(68

)

$

752

Interest expense

$

-

$

-

$

191

$

191

Capital expenditures (excluding business combinations)

$

106

$

4

$

-

$

110

Goodwill

$

1,419

$

41

$

-

$

1,460

Total assets

$

6,631

$

141

$

871

$

7,643

As of and for the Year ended December 31, 2019:

Revenue (less agency commissions)

$

2,035

$

87

$

-

$

2,122

Operating expenses before depreciation, amortization and gain on disposal of assets, net:

1,325

74

104

1,503

Depreciation and amortization

180

13

2

195

Gain on disposal of assets, net

(54

)

-

(54

)

Total operating expenses

1,451

87

106

1,644

Operating income

$

584

$

-

$

(106

)

$

478

Interest expense

$

-

$

-

$

227

$

227

Capital expenditures (excluding business combinations)

$

104

$

1

$

5

$

110

Goodwill

$

1,405

$

41

$

-

$

1,446

Total assets

$

6,530

$

153

$

289

$

6,972

As of and for the Year ended December 31, 2018:

Revenue (less agency commissions)

$

1,084

$

-

$

-

$

1,084

Operating expenses before depreciation, amortization and gain on disposal of assets, net:

596

-

41

637

Depreciation and amortization

74

-

1

75

Gain on disposal of assets, net

(17

)

-

(17

)

Operating expenses

653

-

42

695

Operating income

$

431

$

-

$

(42

)

$

389

Interest expense

$

-

$

-

$

107

$

107

Capital expenditures (excluding business combinations)

$

68

$

-

$

2

$

70

Goodwill

$

612

$

-

$

-

$

612

Total assets

$

2,763

$

-

$

1,450

$

4,213