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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue (less agency commissions) $ 3,644 $ 3,281 $ 3,676
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposals of assets, net:      
Depreciation 144 145 129
Amortization of Intangible Assets 125 194 207
Goodwill and Intangible Asset Impairment 0 43 [1] 0
Loss (gain) on disposal of assets, net 20 21 (2)
Operating expenses, net 2,793 2,898 2,686
Operating income 851 383 990
Other income (expense):      
Other Nonoperating Income (Expense) 117 7 (4)
Impairment of investments (25) (29) (18)
Interest expense (485) (440) (354)
Loss on early extinguishment of debt 34 (3) 0
Income (loss) before income taxes 492 (82) 614
Income tax expense (benefit) 117 (6) 159
Net income (loss) 375 (76) 455
Preferred stock dividends 52 52 52
Net income (loss) attributable to common stockholders $ 323 $ (128) $ 403
Basic per share information:      
Net income (loss) attributable to common stockholders (in dollars per share) $ 3.4 $ (1.39) $ 4.38
Weighted average shares outstanding (in shares) 95 92 92
Diluted per share information:      
Net income (loss) attributable to common stockholders (in dollars per share) $ 3.36 $ (1.39) $ 4.33
Weighted average shares outstanding (in shares) 96 92 93
Dividends declared per common share (in dollars per share) $ 0.32 $ 0.32 $ 0.32
Broadcasting, Segment [Member]      
Revenue (less agency commissions) $ 3,539 $ 3,195 $ 3,583
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposals of assets, net:      
Cost of goods and services sold 2,317 2,268 2,165
Production Companies, Segment [Member]      
Revenue (less agency commissions) 105 86 93
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposals of assets, net:      
Cost of goods and services sold 83 115 83
Other Operating Segment [Member]      
Revenue (less agency commissions) 0 0 0
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposals of assets, net:      
Corporate and administrative 104 112 104
Depreciation 144 145 129
Amortization of Intangible Assets 125 194 207
Goodwill and Intangible Asset Impairment [1]   0  
Operating income $ (106) $ (116) $ (107)
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.