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Restructuring Charges

3 Months Ended

Mar. 31, 2012

Restructuring Charges Disclosure [Abstract]

11) RESTRUCTURING CHARGES

During the year ended December 31, 2011, in a continued effort to reduce its cost structure, the Company initiated restructuring plans, which primarily included relocation or closure of certain business activities, as well as other exit activities. As a result, the Company recorded restructuring charges of $46 million, reflecting $34 million of costs associated with exiting contractual obligations and $12 million of severance costs. During the year ended December 31, 2010, the Company recorded restructuring charges of $81 million, reflecting $66 million of severance costs and $15 million of contract termination and other associated costs. As of March 31, 2012, the cumulative amount paid for the 2011 and 2010 restructuring charges was $85 million, of which $67 million was for the severance costs and $18 million was related to contract termination and other associated costs. The Company expects to substantially utilize the remaining reserves by the end of 2013.

		Balance at		First Quarter		Balance at
		December 31, 2011		2012 Payments		March 31, 2012
Entertainment		$	42	$	(7)	$	35
Cable Networks			1		—		1
Publishing			2		(1)		1
Local Broadcasting			2		—		2
Outdoor			5		(2)		3
	Total	$	52	$	(10)	$	42

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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