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SEGMENT DATA
 3 Months Ended
Mar. 31, 2024
Segment data  
SEGMENT DATA SEGMENT DATA:
 
During the period ended June 30, 2023 we modified our segment reporting to align with the new organizational structure of the Company discussed within Company Reorganization under Note 1. Nature of Operations and Summary of Significant Accounting Policies. The segment information within the comparative periods presented has been recast to reflect this new presentation. During the period ended March 31, 2024, we measured segment performance based on operating income (loss). For the quarter ended March 31, 2024, we had two reportable segments, local media and tennis. Our local media segment includes our television stations, original networks and content and provides these through free over-the-air programming to television viewing audiences for stations in markets located throughout the continental United States, as well as distributes the content of these stations to MVPDs for distribution to their customers in exchange for contractual fees. See Revenue Recognition under Note 1. Nature of Operations and Summary of Significant Accounting Policies for further detail. Our tennis segment provides viewers coverage of many of tennis' top tournaments and original professional sport and tennis lifestyle shows. Other and corporate are not reportable segments but are included for reconciliation purposes. Other primarily consists of non-broadcast digital and internet solutions, technical services, and non-media investments. Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location. All our businesses are located within the United States. As a result of the Reorganization, the local media segment assets are owned and operated by SBG, the assets of the tennis segment are owned and operated by Ventures, and the other Transferred Assets, which are included in other and corporate, are owned and operated by Ventures.
Segment financial information is included in the following tables for the periods presented (in millions):
As of March 31, 2024Local MediaTennisOther & CorporateEliminationsConsolidated
Assets$4,733 $300 $1,008 $(3)$6,038 
For the three months ended March 31, 2024Local MediaTennisOther & CorporateEliminationsConsolidated
Revenue$727 $63 $15 $(7)(a)$798 
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets58 5 1 (1)63 
Amortization of program contract costs19 — — — 19 
Corporate general and administrative expenses41 1 16 — 58 
Operating income (loss)41 20 (19)— 42 
Interest expense including amortization of debt discount and deferred financing costs76 — — — 76 
Income from equity method investments— (1)15 — 14 
For the three months ended March 31, 2023Local MediaTennisOther & CorporateEliminationsConsolidated
Revenue$705 $55 $17 $(4)(a)$773 
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets59 5 2 (1)65 
Amortization of program contract costs22 — — — 22 
Corporate general and administrative expenses32 — 26 — 58 
(Gain) loss on asset dispositions and other, net of impairment(1)— 7 — 6 
Operating income (loss)41 18 (38)— 21 
Interest expense including amortization of debt discount and deferred financing costs74 — — — 74 
Income from equity method investments— — 31 — 31 
(a)Includes $2 million and $1 million for the three months ended March 31, 2024 and 2023, respectively, of revenue for services provided by other to local media, which is eliminated in consolidation.
Sinclair Broadcast Group, LLC  
Segment data  
SEGMENT DATA SEGMENT DATA:
 
During the period ended June 30, 2023, SBG modified its segment reporting to align with the new organizational structure of SBG discussed within Company Reorganization under Note 1. Nature of Operations and Summary of Significant Accounting Policies. The segment information within the comparative periods has been recast to reflect this new presentation. During the period ended March 31, 2024, SBG measured segment performance based on operating income (loss). For the quarter ended March 31, 2024, SBG had one reportable segment: local media. The local media segment includes SBG's television stations, original networks, and content and provides these through free over-the-air programming to television viewing audiences for stations in markets located throughout the continental United States, as well as distributes the content of these stations to MVPDs for distribution to their customers in exchange for contractual fees. See Revenue Recognition under Note 1. Nature of Operations and Summary of Significant Accounting Policies for further detail. Other and corporate are not reportable segments but are included for reconciliation purposes. Other primarily consists of tennis, non-broadcast digital and internet solutions, technical services, and non-media investments. Corporate costs primarily include SBG's costs to operate as the parent company of its subsidiaries. All of SBG's businesses are located within the United States. The businesses included in other were transferred to Ventures as part of the Reorganization discussed within Company Reorganization under Note 1. Nature of Operations and Summary of Significant Accounting Policies

Segment financial information is included in the following tables for the periods presented (in millions):
As of March 31, 2024Local MediaCorporateConsolidated
Assets$4,752 $86 $4,838 

For the three months ended March 31, 2024Local Media
Revenue$727 
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets58 
Amortization of program contract costs19 
Corporate general and administrative expenses41 
Operating income41 
Interest expense including amortization of debt discount and deferred financing costs76 
For the three months ended March 31, 2023Local MediaOther & Corporate (a)EliminationsConsolidated
Revenue$705 $72 $(4)$773 
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets59 7 (1)65 
Amortization of program contract costs22 — — 22 
Corporate general and administrative expenses32 26 — 58 
(Gain) loss on asset dispositions and other, net of impairment(1)7 — 6 
Operating income (loss)41 (20)— 21 
Interest expense including amortization of debt discount and deferred financing costs74 — — 74 
Income from equity method investments— 31 — 31 

(a)Represents the activity in tennis, non-broadcast digital and internet solutions, technical services, and non-media investments (collectively, other) prior to the Reorganization on June 1, 2023 and the activity in corporate prior and subsequent to the Reorganization. See Company Reorganization within Note 1. Nature of Operations and Summary of Significant Accounting Policies.