Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (85,000)	$ 375,000	$ (76,000)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation	133,000	144,000	145,000
Amortization of intangible assets	104,000	125,000	194,000
Amortization of deferred loan costs	16,000	15,000	13,000
Accretion of original issue discount and premium related to long-term debt, net	0	0	(1,000)
Stock-based compensation	22,000	22,000	20,000
Amortization of program broadcast rights	27,000	28,000	37,000
Payments on program broadcast obligations	(27,000)	(29,000)	(38,000)
Common stock contributed to 401(k) plan	0	0	10,000
Deferred income taxes	(56,000)	(9,000)	(91,000)
(Gain) loss on disposal of property and equipment, net	(6,000)	20,000	21,000
Gain on sale of investment	(5,000)	(110,000)	0
Loss from early extinguishment of debt	10,000	(34,000)	3,000
Impairment of other intangible assets	20,000	25,000	29,000
Impairment of goodwill, broadcast licenses and other intangible assets	30,000	0	43,000	[1]
Other	15,000	(1,000)	14,000
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	132,000	5,000	308,000
Income taxes receivable or prepaid	(10,000)	8,000	26,000
Other current assets	(6,000)	27,000	7,000
Accounts payable	(10,000)	52,000	(32,000)
Employee compensation, benefits and pension costs	(7,000)	1,000	12,000
Accrued other expenses	(38,000)	49,000	(5,000)
Accrued interest	39,000	49,000	3,000
Income taxes payable	0	(17,000)	7,000
Deferred revenue	(9,000)	6,000	(1,000)
Net cash provided by operating activities	289,000	751,000	648,000
Cash flows from investing activities:
Acquisitions of businesses and broadcast licenses, net of cash acquired	0	(1,000)	(6,000)
Proceeds from sale of television stations	0	0	6,000
Purchases of property and equipment	(108,000)	(143,000)	(348,000)
Proceeds from asset sales	47,000	14,000	54,000
Proceeds from sale of investments	24,000	110,000	0
Reimbursement of development costs	0	0	18,000
Investments in broadcast, production and technology companies	(8,000)	(7,000)	(14,000)
Other	(18,000)	(1,000)	(1,000)
Net cash used in investing activities	(63,000)	(28,000)	(291,000)
Cash flows from financing activities:
Proceeds from borrowings on long-term debt	2,110,000	2,070,000	300,000
Repayments of borrowings on long-term debt	(1,987,000)	(2,544,000)	(610,000)
Payments of common stock dividends	(33,000)	(32,000)	(30,000)
Payments of preferred stock dividends	(52,000)	(52,000)	(52,000)
Deferred and other loan costs	(26,000)	(47,000)	0
Payments of taxes related to net share settlement of equity awards	(5,000)	(4,000)	(5,000)
Net cash provided by (used in) financing activities	7,000	(609,000)	(397,000)
Net increase (decrease) in cash	233,000	114,000	(40,000)
Cash at beginning of year	135,000	21,000	61,000
Cash at end of year	$ 368,000	$ 135,000	$ 21,000

[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.