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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue (less agency commissions) $ 950 $ 803 $ 2,599 $ 2,417
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposal of assets, net:        
Depreciation     108 106
Amortization of intangible assets     94 147
Impairment of goodwill and other intangible assets 0 43 0 43
Loss (gain) on disposal of assets, net 16 (6) 15 20
Operating expenses 700 719 2,073 2,147
Operating income 250 84 526 270
Other income (expense):        
Miscellaneous income (expense), net 2 (10) 114 (13)
Interest expense (130) (111) (363) (324)
Gain (loss) from early extinguishment of debt 6 0 (1) (3)
Income (loss) before income taxes 128 (37) 276 (70)
Income tax expense (benefit) 32 3 70 (3)
Net income (loss) 96 (40) 206 (67)
Preferred stock dividends 13 13 39 39
Net income (loss) attributable to common stockholders $ 83 $ (53) $ 167 $ (106)
Basic per share information:        
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.87 $ (0.57) $ 1.76 $ (1.15)
Weighted-average shares outstanding-basic (in shares) 95 93 95 92
Diluted per share information:        
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.86 $ (0.57) $ 1.74 $ (1.15)
Weighted-average shares outstanding (in shares) 97 93 96 92
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08 $ 0.24 $ 0.24
Broadcasting, Segment [Member]        
Revenue (less agency commissions) $ 924 $ 783 $ 2,531 $ 2,363
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposal of assets, net:        
Cost of goods and services sold 571 557 1,719 1,664
Production Companies, Segment [Member]        
Revenue (less agency commissions) 26 20 68 54
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposal of assets, net:        
Cost of goods and services sold 22 18 57 88
Other Operating Segment [Member]        
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposal of assets, net:        
Corporate and administrative 24 23 80 79
Depreciation 36 36 108 106
Amortization of intangible assets $ 31 $ 48 $ 94 $ 147