Production

As of and for the Year ended December 31, 2022:

Broadcasting

Companies

Other

Consolidated

Revenue (less agency commissions)

$

3,583

$

93

$

-

$

3,676

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

2,165

83

104

2,352

Depreciation and amortization

321

12

3

336

Gain on disposal of assets, net

(2

)

-

(2

)

Total operating expenses

2,484

95

107

2,686

Operating income (loss)

$

1,099

$

(2

)

$

(107

)

$

990

Interest expense

$

-

$

-

$

354

$

354

Capital expenditures (excluding business combinations)

$

163

$

267

$

6

$

436

Goodwill

$

2,618

$

45

$

-

$

2,663

Total assets

$

10,444

$

535

$

173

$

11,152

As of and for the Year ended December 31, 2021:

Revenue (less agency commissions)

$

2,340

$

73

$

-

$

2,413

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

1,548

62

159

1,769

Depreciation and amortization

206

12

3

221

Loss on disposal of assets, net

41

-

1

42

Total operating expenses

1,795

74

163

2,032

Operating income (loss)

$

545

$

(1

)

$

(163

)

$

381

Interest expense

$

-

$

-

$

205

$

205

Capital expenditures (excluding business combinations)

$

94

$

110

$

3

$

207

Goodwill

$

2,604

$

45

$

-

$

2,649

Total assets

$

10,592

$

269

$

247

$

11,108

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

Revenue (less agency commissions)

$

2,320

$

61

$

-

$

2,381

Operating expenses before depreciation, amortization and gain 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

)

Operating expenses

1,495

66

68

1,629

Operating income (loss)

$

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