GOODWILL, INDEFINITE-LIVED INTANGIBLE ASSETS, AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in the carrying amount of goodwill at December 31, 2024 and 2023 was as follows (in millions):

	Local media		Tennis		Other		Consolidated
Balance at December 31, 2022	$	2,016	$	61	$	11	$	2,088
Disposition	—		—		(6)		(6)
Balance at December 31, 2023	$	2,016	$	61	$	5	$	2,082
Balance at December 31, 2024	$	2,016	$	61	$	5	$	2,082

Schedule of Indefinite-Lived Intangible Assets

As of December 31, 2024 and 2023, the carrying amount of our indefinite-lived intangible assets was as follows (in millions):

	Local media		Tennis		Other		Consolidated
Balance at December 31, 2022 (a)	$	123	$	24	$	3	$	150
Balance at December 31, 2023 (a) (b)	$	123	$	24	$	3	$	150
Balance at December 31, 2024 (a) (b)	$	123	$	24	$	3	$	150

(a)Our indefinite-lived intangible assets in our local media segment relate to broadcast licenses and our indefinite-lived intangible assets in our tennis segment and other relate to trade names.

(b)Approximately $14 million of indefinite-lived intangible assets relate to consolidated VIEs as of December 31, 2024 and 2023.

Schedule of Finite-Lived Intangible Assets Amortization

The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles (in millions):

	As of December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net
Amortized intangible assets:
Customer relationships	$	1,098	$	(796)	$	302
Network affiliation	$	1,435	$	(1,112)	$	323
Other	36		(31)		5
Total other definite-lived intangible assets (a)	$	1,471	$	(1,143)	$	328
Total definite-lived intangible assets	$	2,569	$	(1,939)	$	630

	As of December 31, 2023
	Gross Carrying Value		Accumulated Amortization		Net
Amortized intangible assets:
Customer relationships	$	1,098	$	(729)	$	369
Network affiliation	$	1,435	$	(1,032)	$	403
Other	36		(29)		7
Total other definite-lived intangible assets (a)	$	1,471	$	(1,061)	$	410
Total definite-lived intangible assets	$	2,569	$	(1,790)	$	779

(a)Approximately $26 million and $33 million of definite-lived intangible assets relate to consolidated VIEs as of December 31, 2024 and 2023, respectively.

Schedule of Estimated Amortization Expense of the Definite-lived Intangible Assets

The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in millions):

2025	$	143
2026	141
2027	127
2028	101
2029	65
2030 and thereafter	53
	$	630