SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of segment financial information

Segment financial information is included in the following tables for the periods presented (in millions):

As of June 30, 2020	Broadcast		Local sports		Other & Corporate		Eliminations			Consolidated
Assets	$	4,657	$	11,040	$	1,152	$	(80	)	$	16,769

For the three months ended June 30, 2020	Broadcast			Local sports		Other & Corporate			Eliminations				Consolidated
Revenue	$	592		$	616	$	104		$	(29	)	(b)	$	1,283
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	60			109		7			—				176
Amortization of sports programming rights (a)	—			5		—			—				5
Amortization of program contract costs	21			—		—			—				21
Corporate general and administrative expenses	27			2		3			—				32
(Gain) loss on asset dispositions and other, net of impairment	(29		)	—		1			—				(28		)
Operating income (loss)	83			399		12			(2		)		492
Interest expense including amortization of debt discount and deferred financing costs	1			117		50			(3		)		165
Income (loss) from equity method investments	—			2		(9		)	—				(7		)

For the three months ended June 30, 2019	Broadcast			Local sports		Other & Corporate			Eliminations			Consolidated
Revenue	$	660		$	—	$	117		$	(6	)	$	771
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	60			—		6			—			66
Amortization of program contract costs	22			—		—			—			22
Corporate general and administrative expenses	33			—		19			—			52
Gain on asset dispositions and other, net of impairment	(14		)	—		—			—			(14		)
Operating income (loss)	135			—		(26		)	(3		)	106
Interest expense including amortization of debt discount and deferred financing costs	1			—		56			(3		)	54
Loss from equity method investments	—			—		(12		)	—			(12		)

For the six months ended June 30, 2020	Broadcast			Local sports		Other & Corporate			Eliminations				Consolidated
Revenue	$	1,292		$	1,428	$	233		$	(61	)	(b)	$	2,892
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	118			219		13			—				350
Amortization of sports programming rights (a)	—			396		—			—				396
Amortization of program contract costs	44			—		—			—				44
Corporate general and administrative expenses	70			4		7			—				81
Gain on asset dispositions and other, net of impairment	(60		)	—		—			—				(60		)
Operating income (loss)	234			565		26			(6		)		819
Interest expense including amortization of debt discount and deferred financing costs	2			240		108			(5		)		345
Income (loss) from equity method investments	—			8		(21		)	—				(13		)

For the six months ended June 30, 2019	Broadcast			Local sports		Other & Corporate			Eliminations			Consolidated
Revenue	$	1,278		$	—	$	225		$	(10	)	$	1,493
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	122			—		10			—			132
Amortization of program contract costs	46			—		—			—			46
Corporate general and administrative expenses	59			—		21			—			80
Gain on asset dispositions and other, net of impairment	(22		)	—		—			—			(22		)
Operating income (loss)	230			—		(24		)	(6		)	200
Interest expense including amortization of debt discount and deferred financing costs	3			—		112			(7		)	108
Loss from equity method investments	—			—		(26		)	—			(26		)

(a) The amortization of sports programming rights is included within media programming and production expenses on our consolidated statements of operations. Due to the outbreak of COVID-19 and postponement of professional sports leagues, we stopped recording amortization of our sports contracts during the month of March 2020 and three months ended June 30, 2020.

(b)

Includes $25 million and $49 million for the three and six months ended June 30, 2020, respectively, of revenue and selling, general, and administrative expenses, respectively, for services provided by broadcast to local sports and other, which are eliminated in consolidation.