CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
REVENUE:
Media revenue	$ 765	$ 908	$ 2,312	$ 2,519
OPERATING EXPENSES:
Media programming and production expenses	413	414	1,251	1,247
Media selling, general and administrative expenses	203	201	595	591
Amortization of program costs	21	18	57	55
Non-media expenses	12	14	36	39
Depreciation of property and equipment	25	26	75	76
Corporate general and administrative expenses	40	41	137	149
Amortization of definite-lived intangible assets	37	37	108	113
Gain on asset dispositions and other, net	(36)	(13)	(19)	(11)
Total operating expenses	715	738	2,240	2,259
Operating income	58	179	93	285
OTHER INCOME (EXPENSE):
Interest expense including amortization of debt discount and deferred financing costs	(85)	(78)	(311)	(230)
Gain on extinguishment of debt	0	0	6	1
Other income, net	29	24	(55)	22
Total other expense, net	(58)	(54)	(369)	(115)
Income (loss) before income taxes	0	125	(276)	170
INCOME TAX BENEFIT (PROVISION)	1	(29)	61	(30)
NET INCOME (LOSS)	1	96	(215)	140
Net income attributable to the noncontrolling interests	(2)	(2)	(6)	(6)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR	(1)	94	(221)	134
Sinclair Broadcast Group, LLC
REVENUE:
Media revenue	667	845	2,040	2,322
OPERATING EXPENSES:
Media programming and production expenses	378	384	1,148	1,149
Media selling, general and administrative expenses	165	188	497	549
Amortization of program costs	21	18	57	55
Non-media expenses	2	2	6	6
Depreciation of property and equipment	25	25	75	76
Corporate general and administrative expenses	21	24	85	100
Amortization of definite-lived intangible assets	31	33	91	98
Gain on asset dispositions and other, net	(25)	(11)	(8)	(11)
Total operating expenses	618	663	1,951	2,022
Operating income	49	182	89	300
OTHER INCOME (EXPENSE):
Interest expense including amortization of debt discount and deferred financing costs	(85)	(78)	(311)	(230)
Gain on extinguishment of debt	0	0	6	1
Other income, net	2	3	8	36
Total other expense, net	(83)	(75)	(297)	(193)
Income (loss) before income taxes	(34)	107	(208)	107
INCOME TAX BENEFIT (PROVISION)	6	(25)	40	(15)
NET INCOME (LOSS)	(28)	82	(168)	92
Net income attributable to the noncontrolling interests	(2)	(2)	(5)	(5)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR	$ (30)	$ 80	$ (173)	$ 87