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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue (less agency commissions) $ 868 $ 547 $ 1,695 $ 1,091
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Depreciation     63 50
Amortization of intangible assets     104 53
Operating expenses 650 439 1,313 882
Operating income 218 108 382 209
Other expense:        
Miscellaneous expense, net 0 (7) (2) (6)
Interest expense (81) (47) (160) (95)
Income before income taxes 137 54 220 108
Income tax expense 38 15 59 30
Net income 99 39 161 78
Preferred stock dividends 13 13 26 26
Net income attributable to common stockholders $ 86 $ 26 $ 135 $ 52
Basic per share information:        
Net income attributable to common stockholders (in dollars per share) $ 0.92 $ 0.27 $ 1.45 $ 0.55
Weighted-average shares outstanding (in shares) 93 95 93 94
Diluted per share information:        
Net income attributable to common stockholders (in dollars per share) $ 0.91 $ 0.27 $ 1.44 $ 0.55
Weighted-average shares outstanding (in shares) 94 95 94 95
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16
Broadcasting, Segment [Member]        
Revenue (less agency commissions) $ 855 $ 537 $ 1,659 $ 1,067
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Cost of goods and services sold 528 354 1,058 715
Operating expenses     1,212 805
Operating income     447 262
Other expense:        
Interest expense     0 0
Production Companies, Segment [Member]        
Revenue (less agency commissions) 13 10 36 24
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Cost of goods and services sold 14 9 40 26
Operating expenses     46 32
Operating income     (10) (8)
Other expense:        
Interest expense     0 0
Other Segments [Member]        
Revenue (less agency commissions)     0 0
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Corporate and administrative 25 25 53 43
Depreciation 31 25 63 50
Amortization of intangible assets 52 27 104 53
Gain on disposal of assets, net $ 0 $ (1) (5) (5)
Operating expenses     55 45
Operating income     (55) (45)
Other expense:        
Interest expense     $ (160) $ (95)