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SEGMENT DATA - Segment Financial Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Segment data          
Assets [1] $ 5,686   $ 5,686   $ 6,085
Revenue 829 $ 768 1,627 $ 1,541  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 63 73 126 138  
Amortization of program costs 18 19 37 41  
Corporate general and administrative expenses 50 62 108 120  
(Gain) loss on asset dispositions and other, net of impairment 2 5 2 11  
Operating income (loss) 64 (3) 106 18  
Interest expense including amortization of debt discount and deferred financing costs 76 76 152 150  
Income (loss) from equity method investments 78 (1) 92 30  
Operating Segments | Local Media          
Segment data          
Assets 4,418   4,418    
Revenue 750 699 1,477 1,404  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 58 67 116 126  
Amortization of program costs 18 19 37 41  
Corporate general and administrative expenses 29 46 70 78  
(Gain) loss on asset dispositions and other, net of impairment   (2) 0 (3)  
Operating income (loss) 83 22 124 63  
Interest expense including amortization of debt discount and deferred financing costs 76 76 152 150  
Income (loss) from equity method investments 0 0 0 0  
Other & Corporate          
Segment data          
Assets 964   964    
Revenue 20 14 35 31  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 0 1 1 3  
Amortization of program costs 0 0 0 0  
Corporate general and administrative expenses 21 16 37 42  
(Gain) loss on asset dispositions and other, net of impairment   7 2 14  
Operating income (loss) (20) (28) (39) (66)  
Interest expense including amortization of debt discount and deferred financing costs 0 0 0 0  
Income (loss) from equity method investments 78 (1) 93 30  
Intersegment revenues 3 2 5 3  
Eliminations          
Segment data          
Assets (3)   (3)    
Revenue (8) (5) (15) (9)  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets (1) 0 (2) (1)  
Amortization of program costs 0 0 0 0  
Corporate general and administrative expenses 0 0 0 0  
(Gain) loss on asset dispositions and other, net of impairment   0 0 0  
Operating income (loss) 0 0 0 0  
Interest expense including amortization of debt discount and deferred financing costs 0 0 0 0  
Income (loss) from equity method investments 0 0 0 0  
Sinclair Broadcast Group, LLC          
Segment data          
Assets [2] 4,524   4,524   $ 4,837
Revenue 750 743 1,477 1,516  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 58 70 116 135  
Amortization of program costs 18 19 37 41  
Corporate general and administrative expenses 35 58 76 116  
(Gain) loss on asset dispositions and other, net of impairment 0 4 0 10  
Operating income (loss) 77 4 118 25  
Interest expense including amortization of debt discount and deferred financing costs 76 76 152 150  
Interest expense including amortization of debt discount and deferred financing costs 76   152    
Income (loss) from equity method investments 0 0 0 31  
Sinclair Broadcast Group, LLC | Operating Segments | Local Media          
Segment data          
Assets 4,439   4,439    
Revenue 750 699 1,477 1,404  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 58 67 116 126  
Amortization of program costs 18 19 37 41  
Corporate general and administrative expenses 29 46 70 78  
(Gain) loss on asset dispositions and other, net of impairment   (2)   (3)  
Operating income (loss) 83 22 124 63  
Interest expense including amortization of debt discount and deferred financing costs 76 76 152 150  
Income (loss) from equity method investments       0  
Intersegment revenues       1  
Sinclair Broadcast Group, LLC | Corporate          
Segment data          
Assets 85   85    
Revenue 0   0    
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets 0   0    
Amortization of program costs 0   0    
Corporate general and administrative expenses 6   6    
Operating income (loss) (6)   (6)    
Interest expense including amortization of debt discount and deferred financing costs $ 0   $ 0    
Sinclair Broadcast Group, LLC | Other & Corporate          
Segment data          
Revenue   47   119  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets   3   10  
Amortization of program costs   0   0  
Corporate general and administrative expenses   12   38  
(Gain) loss on asset dispositions and other, net of impairment   6   13  
Operating income (loss)   (18)   (38)  
Interest expense including amortization of debt discount and deferred financing costs   0   0  
Income (loss) from equity method investments       31  
Sinclair Broadcast Group, LLC | Eliminations          
Segment data          
Revenue   (3)   (7)  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets   0   (1)  
Amortization of program costs   0   0  
Corporate general and administrative expenses   0   0  
(Gain) loss on asset dispositions and other, net of impairment   0   0  
Operating income (loss)   0   0  
Interest expense including amortization of debt discount and deferred financing costs   $ 0   0  
Income (loss) from equity method investments       $ 0  
[1] Our consolidated total assets as of June 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $72 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2024 and December 31, 2023 include total liabilities of VIEs of $14 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.
[2] SBG's consolidated total assets as of June 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $72 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. SBG's consolidated total liabilities as of June 30, 2024 and December 31, 2023 include total liabilities of VIEs of $14 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 7. Variable Interest Entities.