SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2024

Segment data

Schedule of Segment Financial Information

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

As of March 31, 2024	Local Media		Tennis		Other & Corporate		Eliminations		Consolidated
Assets	$	4,733	$	300	$	1,008	$	(3)	$	6,038

For the three months ended March 31, 2024	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	727	$	63	$	15	$	(7)	(a)	$	798
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58		5		1		(1)			63
Amortization of program contract costs	19		—		—		—			19
Corporate general and administrative expenses	41		1		16		—			58
Operating income (loss)	41		20		(19)		—			42
Interest expense including amortization of debt discount and deferred financing costs	76		—		—		—			76
Income from equity method investments	—		(1)		15		—			14

For the three months ended March 31, 2023	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	705	$	55	$	17	$	(4)	(a)	$	773
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	59		5		2		(1)			65
Amortization of program contract costs	22		—		—		—			22
Corporate general and administrative expenses	32		—		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 costs	74		—		—		—			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

Schedule of Segment Financial Information

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

As of March 31, 2024	Local Media		Corporate		Consolidated
Assets	$	4,752	$	86	$	4,838

For the three months ended March 31, 2024	Local Media
Revenue	$	727
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58
Amortization of program contract costs	19
Corporate general and administrative expenses	41
Operating income	41
Interest expense including amortization of debt discount and deferred financing costs	76

For the three months ended March 31, 2023	Local Media		Other & Corporate (a)		Eliminations		Consolidated
Revenue	$	705	$	72	$	(4)	$	773
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	59		7		(1)		65
Amortization of program contract costs	22		—		—		22
Corporate general and administrative expenses	32		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 costs	74		—		—		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.