Reportable Segments

3 Months Ended

Mar. 31, 2012

Reportable Segments Disclosure [Abstract]

Reportable Segments

13) REPORTABLE SEGMENTS

The following tables set forth the Company's financial performance by reportable segment. The Company's operating segments, which are the same as its reportable segments, have been determined in accordance with the Company's internal management structure, which is organized based upon products and services.

			Three Months Ended
			March 31,
			2012		2011
Revenues:
	Entertainment		$	2,318	$	1,994
	Cable Networks			452		393
	Publishing			176		155
	Local Broadcasting			622		621
	Outdoor			416		413
	Eliminations			(60)		(66)
		Total Revenues	$	3,924	$	3,510

Revenues generated between segments primarily reflect advertising salesand televisionlicense fees. These transactions are recorded at market value as if the sales were to third parties and are eliminated in consolidation.

			Three Months Ended
			March 31,
				2012		2011
Intercompany Revenues:
	Entertainment		$	53	$	55
	Local Broadcasting			4		5
	Outdoor			3		6
		Total Intercompany Revenues	$	60	$	66

The Company presents segment operating income (loss) before depreciation and amortization and impairment charges (“Segment OIBDA before Impairment Charges” or “Segment OIBDA” if there is no impairment charge) as the primary measure of profit and loss for its operating segments in accordance with FASB guidance for segment reporting. The Company believes the presentation of Segment OIBDA before Impairment Charges is relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company's management and enhances their ability to understand the Company's operating performance.

		Three Months Ended
		March 31,
			2012		2011
Segment OIBDA before Impairment Charges:
	Entertainment	$	411	$	268
	Cable Networks		209		153
	Publishing		10		7
	Local Broadcasting		171		169
	Outdoor		53		49
	Corporate		(58)		(52)
	Residual costs		(12)		(19)
	Eliminations		—		1
OIBDA before Impairment Charges			784		576
Impairment charges			(11)		—
Depreciation and amortization			(131)		(139)
Total Operating Income			642		437
	Interest expense		(110)		(110)
	Interest income		2		2
	Gain on early extinguishment of debt		25		—
	Other items, net		12		9
Earnings before income taxes and equity in loss of
	investee companies		571		338
Provision for income taxes			(203)		(122)
Equity in loss of investee companies, net of tax			(5)		(14)
Net earnings		$	363	$	202

			Three Months Ended
			March 31,
				2012		2011
Operating Income (Loss):
	Entertainment		$	370	$	230
	Cable Networks			204		147
	Publishing			8		5
	Local Broadcasting			138		143
	Outdoor			(2)		(12)
	Corporate			(64)		(58)
	Residual costs			(12)		(19)
	Eliminations			—		1
		Total Operating Income	$	642	$	437

			Three Months Ended
			March 31,
				2012		2011
Depreciation and Amortization:
	Entertainment		$	41	$	38
	Cable Networks			5		6
	Publishing			2		2
	Local Broadcasting			22		26
	Outdoor			55		61
	Corporate			6		6
		Total Depreciation and Amortization	$	131	$	139

			Three Months Ended
			March 31,
				2012		2011
Stock-based Compensation:
	Entertainment		$	13	$	12
	Cable Networks			1		1
	Publishing			1		1
	Local Broadcasting			6		5
	Outdoor			2		1
	Corporate			19		14
		Total Stock-based Compensation	$	42	$	34

			Three Months Ended
			March 31,
				2012		2011
Capital Expenditures:
	Entertainment		$	17	$	14
	Cable Networks			1		2
	Publishing			—		—
	Local Broadcasting			10		12
	Outdoor			11		12
	Corporate			—		1
		Total Capital Expenditures	$	39	$	41

			At March 31,		At December 31,
			2012		2011
Assets:
	Entertainment		$	8,739	$	8,471
	Cable Networks			1,676		1,679
	Publishing			959		1,091
	Local Broadcasting			9,595		9,626
	Outdoor			4,087		4,092
	Corporate			1,381		1,262
	Discontinued operations			79		77
	Eliminations			(123)		(101)
		Total Assets	$	26,393	$	26,197