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Restructuring Charges

3 Months Ended

Mar. 31, 2013

Restructuring Charges Disclosure [Abstract]

12) RESTRUCTURING CHARGES

During the year ended December 31, 2012, in a continued effort to reduce its cost structure, the Company initiated restructuring plans across several of its businesses, primarily for the reorganization of certain business operations. As a result, the Company recorded restructuring charges of $19 million, reflecting $13 million of severance costs and $6 million of costs associated with exiting contractual obligations. During the year ended December 31, 2011, the Company recorded restructuring charges of $43 million, reflecting $9 million of severance costs and $34 million of costs associated with exiting contractual obligations. As of March 31, 2013, the cumulative amount paid for the 2012 and 2011 restructuring charges was $36 million, of which $18 million was for the severance costs and $18 million was related to costs associated with contractual obligations. The Company expects to substantially utilize the remaining reserves by the end of 2013.

		Balance at		First Quarter		Balance at
		December 31, 2012		2013 Payments		March 31, 2013
Entertainment		$	25	$	(6)	$	19
Publishing			2		(1)		1
Local Broadcasting			7		(2)		5
Corporate			1		—		1
	Total	$	35	$	(9)	$	26

- 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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