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

6 Months Ended

Jun. 30, 2025

Segment data

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, 2025	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	380	$	54	$	—	$	—	$	434
Core advertising revenue	272		13		38		(7)		316
Political advertising revenue	6		—		—		—		6
Other media, non-media, and intercompany revenues	21		1		8		(2)		28
Total revenues	$	679	$	68	$	46	$	(9)	$	784
For the six months ended June 30, 2025	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	775	$	110	$	—	$	—	$	885
Core advertising revenue	543		24		53		(12)		608
Political advertising revenue	12		—		—		—		12
Other media, non-media, and intercompany revenues	43		2		14		(4)		55
Total revenues	$	1,373	$	136	$	67	$	(16)	$	1,560
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

Sinclair Broadcast Group, LLC

Segment data

Schedule of Disaggregation of Revenue

The following table presents SBG’s revenue disaggregated by type and segment (in millions):

For the three months ended June 30, 2025	Local Media
Distribution revenue	$	380
Core advertising revenue	272
Political advertising revenue	6
Other media	21
Total revenues	$	679
For the six months ended June 30, 2025	Local Media
Distribution revenue	$	775
Core advertising revenue	543
Political advertising revenue	12
Other media	43
Total revenues	$	1,373
For the three months ended June 30, 2024	Local Media
Distribution revenue	$	384
Core advertising revenue	285
Political advertising revenue	40
Other media	41
Total revenues	$	750
For the six months ended June 30, 2024	Local Media
Distribution revenue	$	768
Core advertising revenue	569
Political advertising revenue	64
Other media	76
Total revenues	$	1,477