NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

The following table presents our revenue disaggregated by type and segment (in millions):

For the three months ended June 30, 2022	Broadcast		Local sports		Other		Eliminations		Total
Distribution revenue	$	385	$	—	$	45	$	—	$	430
Advertising revenue	316		—		70		(20)		366
Other media, non-media, and intercompany revenues	31		—		16		(6)		41
Total revenues	$	732	$	—	$	131	$	(26)	$	837
For the three months ended June 30, 2021	Broadcast		Local sports		Other		Eliminations		Total
Distribution revenue	$	363	$	666	$	49	$	—	$	1,078
Advertising revenue	280		162		54		(5)		491
Other media, non-media, and intercompany revenues	44		10		17		(28)		43
Total revenues	$	687	$	838	$	120	$	(33)	$	1,612
For the six months ended June 30, 2022	Broadcast		Local sports		Other		Eliminations		Total
Distribution revenue	$	777	$	433	$	93	$	—	$	1,303
Advertising revenue	598		44		138		(43)		737
Other media, non-media, and intercompany revenues	78		5		34		(32)		85
Total revenues	$	1,453	$	482	$	265	$	(75)	$	2,125
For the six months ended June 30, 2021	Broadcast		Local sports		Other		Eliminations		Total
Distribution revenue	$	724	$	1,364	$	99	$	—	$	2,187
Advertising revenue	547		227		94		(6)		862
Other media, non-media, and intercompany revenues	81		15		35		(57)		74
Total revenues	$	1,352	$	1,606	$	228	$	(63)	$	3,123