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

6 Months Ended

Jun. 30, 2024

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, 2024	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	384	$	51	$	—	$	—	$	435
Core advertising revenue	285		14		9		(5)		303
Political advertising revenue	40		—		—		—		40
Other media, non-media, and intercompany revenues	41		2		11		(3)		51
Total revenues	$	750	$	67	$	20	$	(8)	$	829
For the six months ended June 30, 2024	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	768	$	103	$	—	$	—	$	871
Core advertising revenue	569		24		15		(8)		600
Political advertising revenue	64		—		—		—		64
Other media, non-media, and intercompany revenues	76		3		20		(7)		92
Total revenues	$	1,477	$	130	$	35	$	(15)	$	1,627
For the three months ended June 30, 2023	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	372	$	46	$	—	$	—	$	418
Core advertising revenue	287		14		6		(4)		303
Political advertising revenue	6		—		—		—		6
Other media, non-media, and intercompany revenues	34		—		8		(1)		41
Total revenues	$	699	$	60	$	14	$	(5)	$	768
For the six months ended June 30, 2023	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	753	$	91	$	—	$	—	$	844
Core advertising revenue	580		23		12		(6)		609
Political advertising revenue	9		—		—		—		9
Other media, non-media, and intercompany revenues	62		1		19		(3)		79
Total revenues	$	1,404	$	115	$	31	$	(9)	$	1,541