SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of segment financial information

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


As of March 31, 2021	Broadcast		Local sports		Other & Corporate		Eliminations		Consolidated
Assets	$	4,800	$	6,222	$	2,121	$	(11)	$	13,132


For the three months ended March 31, 2021	Broadcast		Local sports		Other & Corporate		Eliminations			Consolidated
Revenue	$	665	$	768	$	108	$	(30)	(a)	$	1,511
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	62		84		8		(1)			153
Amortization of sports programming rights	—		552		—		—			552
Amortization of program contract costs	21		—		2		—			23
Corporate general and administrative expenses	55		3		3		—			61
(Gain) loss on asset dispositions and other, net of impairment	(14)		—		—		—			(14)

Operating income (loss)	63		(41)		13		—			35
Interest expense including amortization of debt discount and deferred financing costs	1		108		45		(3)			151
Income (loss) from equity method investments	—		13		(4)		—			9


For the three months ended March 31, 2020	Broadcast		Local sports		Other & Corporate		Eliminations			Consolidated
Revenue	$	701	$	812	$	128	$	(32)	(a)	$	1,609
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58		110		6		—			174
Amortization of sports programming rights	—		391		—		—			391
Amortization of program contract costs	23		—		—		—			23
Corporate general and administrative expenses	44		2		3		—			49
Gain on asset dispositions and other, net of impairment	(32)		—		—		—			(32)
Operating income (loss)	152		165		19		(9)			327
Interest expense including amortization of debt discount and deferred financing costs	1		123		59		(3)			180
Income (loss) from equity method investments	—		6		(12)		—			(6)

(a)Includes $27 million and $24 million for the three months ended March 31, 2021 and 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.