Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Assets:
Cash	$ 182	$ 135
Accounts receivable, net	204	337
Current portion of program broadcast rights, net	25	17
Income tax refunds receivable	6	6
Prepaid income taxes	40	25
Prepaid and other current assets	28	21
Total current assets	485	541
Property and equipment, net	1,532	1,577
Operating leases right of use asset	68	69
Broadcast licenses	5,310	5,311
Goodwill	2,642	2,642
Other intangible assets, net	180	290
Investments in broadcasting and technology companies	56	66
Deferred pension assets	21	19
Other	27	27
Total assets	10,321	10,542
Liabilities and stockholders’ equity:
Accounts payable	18	75
Employee compensation and benefits	95	111
Accrued interest	103	112
Accrued network programming fees	105	79
Other accrued expenses	110	53
Federal and state income taxes	7	5
Current portion of program broadcast obligations	25	18
Deferred revenue	28	29
Dividends payable	16	15
Current portion of operating lease liabilities	10	10
Current portion of long-term debt	2	20
Total current liabilities	519	527
Long-term debt, less current portion and deferred financing costs	5,608	5,601
Deferred income taxes	1,310	1,347
Operating lease liabilities, less current portion	61	62
Other	15	72
Total liabilities	7,513	7,609
Commitments and Contingencies
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date and $650 aggregate liquidation value at each date	650	650
Stockholders’ equity:
Retained earnings	1,237	1,375
Accumulated other comprehensive loss, net of income tax benefit	(28)	(30)
Stockholders' equity before treasury stock	2,481	2,600
Total stockholders’ equity	2,158	2,283
Total liabilities and stockholders’ equity	10,321	10,542
Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	1,208	1,198
Treasury stock at cost	(288)	(284)
Class A Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	64	57
Treasury stock at cost	$ (35)	$ (33)