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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue (less agency commissions) $ 801 $ 827
Operating expenses before depreciation, amortization and gain on disposal of assets, net:    
Depreciation 35 32
Amortization of intangible assets 49 52
Loss (gain) on disposal of assets, net 10 (5)
Operating expenses 734 663
Operating income 67 164
Other expense:    
Miscellaneous, net (2) (2)
Interest expense (104) (79)
Loss from early extinguishment of debt (3) 0
(Loss) income before income taxes (42) 83
Income tax (benefit) expense (11) 21
Net (loss) income (31) 62
Preferred stock dividends 13 13
Net (loss) income attributable to common stockholders $ (44) $ 49
Basic per common share information:    
Net (loss) income attributable to common stockholders (in dollars per share) $ (0.48) $ 0.53
Weighted average common shares outstanding (in shares) 92 93
Diluted per common share information:    
Net (loss) income attributable to common stockholders (in dollars per share) $ (0.48) $ 0.52
Weighted average common shares outstanding (in shares) 92 94
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08
Broadcasting, Segment [Member]    
Revenue (less agency commissions) $ 779 $ 804
Operating expenses before depreciation, amortization and gain on disposal of assets, net:    
Cost of goods and services sold 555 530
Production Companies, Segment [Member]    
Revenue (less agency commissions) 22 23
Operating expenses before depreciation, amortization and gain on disposal of assets, net:    
Cost of goods and services sold 59 26
Other Segments [Member]    
Operating expenses before depreciation, amortization and gain on disposal of assets, net:    
Corporate and administrative 26 28
Depreciation 35 32
Amortization of intangible assets $ 49 $ 52