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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue (less agency commissions) $ 749 $ 950 $ 2,303 $ 2,599
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Depreciation 33 36 99 108
Amortization of intangible assets 23 31 80 94
Impairment of intangible assets 0 0 28 0
Gain on disposal of assets, net (1) 16 (9) 15
Operating expenses 647 700 2,027 2,073
Operating income 102 250 276 526
Other (expense) income:        
Miscellaneous income, net (3) 2 (2) 114
Interest expense (120) (130) (355) (363)
(Loss) gain from early extinguishment of debt (7) 6 (6) (1)
(Loss) income before income taxes (28) 128 (87) 276
Income tax expense (18) 32 (12) 70
Net (loss) income (10) 96 (75) 206
Preferred stock dividends 13 13 39 39
Net (loss) income attributable to common stockholders $ (23) $ 83 $ (114) $ 167
Basic per share information:        
Net (loss) income attributable to common stockholders (in dollars per share) $ (0.24) $ 0.87 $ (1.19) $ 1.76
Weighted-average shares outstanding (in shares) 97 95 96 95
Diluted per share information:        
Net (loss) income attributable to common stockholders (in dollars per share) $ (0.24) $ 0.86 $ (1.19) $ 1.74
Weighted-average shares outstanding (in shares) 97 97 96 96
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08 $ 0.24 $ 0.24
Broadcasting, Segment [Member]        
Revenue (less agency commissions) $ 724 $ 924 $ 2,233 $ 2,531
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Cost of goods and services sold 542 571 1,682 1,719
Production Companies, Segment [Member]        
Revenue (less agency commissions) 25 26 70 68
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Cost of goods and services sold 22 22 62 57
Other Operating Segment [Member]        
Revenue (less agency commissions)     0 0
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Corporate and administrative $ 28 $ 24 85 80
Operating income     $ (86) $ (82)