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SEGMENT DATA
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA:
 
We measure segment performance based on operating income (loss). We have two reportable segments: broadcast and local sports. Our broadcast segment, previously referred to as our local news and marketing services segment, provides free over-the-air programming to television viewing audiences and includes stations in 88 markets located throughout the continental United States. Our local sports segment, previously referred to as our sports segment, provides viewers with live professional sports content and includes 23 regional sports network brands. Other and corporate are not reportable segments but are included for reconciliation purposes. Other primarily consists of original networks and content, including Tennis, non-broadcast digital and internet solutions, technical services, and other non-media investments. Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location. All of our businesses are located within the United States.
Segment financial information is included in the following tables for the periods presented (in millions):
As of September 30, 2020
 
Broadcast
 
Local sports
 
Other & Corporate
 
Eliminations
 
Consolidated
Assets
 
$
4,673

 
$
6,211

 
$
1,641

 
$
(42
)
 
$
12,483


For the three months ended September 30, 2020
 
Broadcast
 
Local sports
 
Other & Corporate
 
Eliminations
 
Consolidated
Revenue
 
$
734

 
$
727

 
$
105

 
$
(27
)
(b)
$
1,539

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
60

 
109

 
6

 
(1
)
 
174

Amortization of sports programming rights (a)
 
—

 
632

 
—

 
—

 
632

Amortization of program contract costs
 
19

 
—

 
—

 
—

 
19

Corporate general and administrative expenses
 
25

 
3

 
2

 
—

 
30

(Gain) loss on asset dispositions and other, net of impairment
 
(41
)
 
—

 
2

 
—

 
(39
)
Impairment of goodwill and definite-lived intangible assets
 
—

 
4,264

 
—

 
—

 
4,264

Operating income (loss)
 
221

 
(4,450
)
 
10

 
3

 
(4,216
)
Interest expense including amortization of debt discount and deferred financing costs
 
2

 
111

 
48

 
(4
)
 
157

Loss from equity method investments
 
—

 
(2
)
 
(8
)
 
—

 
(10
)

For the three months ended September 30, 2019
 
Broadcast
 
Local sports
 
Other & Corporate
 
Eliminations
 
Consolidated
Revenue
 
$
661

 
$
352

 
$
129

 
$
(17
)
(b)
$
1,125

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
61

 
54

 
6

 
(1
)
 
120

Amortization of sports programming rights (a)
 
—

 
193

 
—

 
—

 
193

Amortization of program contract costs
 
22

 
—

 
—

 
—

 
22

Corporate general and administrative expenses
 
23

 
92

 
123

 
(1
)
 
237

Gain on asset dispositions and other, net of impairment
 
(29
)
 
—

 
(6
)
 
—

 
(35
)
Operating income (loss)
 
154

 
(56
)
 
(102
)
 
(2
)
 
(6
)
Interest expense including amortization of debt discount and deferred financing costs
 
1

 
73

 
58

 
(3
)
 
129

Income (loss) from equity method investments
 
—

 
1

 
(13
)
 
—

 
(12
)


For the nine months ended September 30, 2020
 
Broadcast
 
Local sports
 
Other & Corporate
 
Eliminations
 
Consolidated
Revenue
 
$
2,026

 
$
2,155

 
$
338

 
$
(88
)
(b)
$
4,431

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
178

 
328

 
19

 
(1
)
 
524

Amortization of sports programming rights (a)
 
—

 
1,028

 
—

 
—

 
1,028

Amortization of program contract costs
 
63

 
—

 
—

 
—

 
63

Corporate general and administrative expenses
 
95

 
7

 
9

 
—

 
111

(Gain) loss on asset dispositions and other, net of impairment
 
(101
)
 
—

 
2

 
—

 
(99
)
Impairment of goodwill and definite-lived intangible assets
 
—

 
4,264

 
—

 
—

 
4,264

Operating income (loss)
 
455

 
(3,885
)
 
38

 
(5
)
 
(3,397
)
Interest expense including amortization of debt discount and deferred financing costs
 
4

 
351

 
156

 
(9
)
 
502

Income (loss) from equity method investments
 
—

 
6

 
(29
)
 
—

 
(23
)

For the nine months ended September 30, 2019
 
Broadcast
 
Local sports
 
Other & Corporate
 
Eliminations
 
Consolidated
Revenue
 
$
1,939

 
$
352

 
$
354

 
$
(27
)
(b)
$
2,618

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
183

 
54

 
16

 
(1
)
 
252

Amortization of sports programming rights (a)
 
—

 
193

 
—

 
—

 
193

Amortization of program contract costs
 
68

 
—

 
—

 
—

 
68

Corporate general and administrative expenses
 
82

 
92

 
144

 
(1
)
 
317

Gain on asset dispositions and other, net of impairment
 
(51
)
 
—

 
(6
)
 
—

 
(57
)
Operating income (loss)
 
384

 
(56
)
 
(128
)
 
(7
)
 
193

Interest expense including amortization of debt discount and deferred financing costs
 
4

 
73

 
170

 
(10
)
 
237

Income (loss) from equity method investments
 
—

 
1

 
(39
)
 
—

 
(38
)
 

(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 did not record amortization of our sports contracts during the month of March 2020 and three months ended June 30, 2020. Amortization expense resumed when the games commenced during the three months ended September 30, 2020.
(b)
Includes $26 million and $75 million for the three and nine months ended September 30, 2020, respectively, and $9 million for both the three and nine months ended September 30, 2019 of revenue for services provided by broadcast to local sports and other, which are eliminated in consolidation.