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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue (less agency commissions) $ 782 $ 823
Operating expenses before depreciation, amortization and loss on disposal of assets, net:    
Depreciation 34 36
Amortization of Intangible Assets 29 31
Gain on disposal of assets, net (2) 0
Operating expenses 690 699
Operating income 92 124
Other income (expense):    
Miscellaneous income, net 1 110
Interest expense (118) (115)
Gain on early extinguishment of debt 1 0
(Loss) income before income taxes (24) 119
Income tax (benefit) expense (15) 31
Net (loss) income (9) 88
Preferred stock dividends 13 13
Net (loss) income attributable to common stockholders $ (22) $ 75
Basic per share information:    
Net (loss) income attributable to common stockholders (in dollars per share) $ (0.23) $ 0.8
Weighted-average common shares outstanding-basic (in shares) 96 94
Diluted per share information:    
Net (loss) income attributable to common stockholders (in dollars per share) $ (0.23) $ 0.79
Weighted-average common shares outstanding-diluted (in shares) 96 95
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08
Broadcasting, Segment [Member]    
Revenue (less agency commissions) $ 755 $ 799
Operating expenses before depreciation, amortization and loss on disposal of assets, net:    
Cost of goods and services sold 577 583
Production Companies, Segment [Member]    
Revenue (less agency commissions) 27 24
Operating expenses before depreciation, amortization and loss on disposal of assets, net:    
Cost of goods and services sold 20 21
Other Operating Segment [Member]    
Revenue (less agency commissions) 0 0
Operating expenses before depreciation, amortization and loss on disposal of assets, net:    
Corporate and administrative 32 28
Depreciation 34 36
Amortization of Intangible Assets 29 31
Operating income $ (32) $ (29)