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

9 Months Ended

Sep. 30, 2025

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 September 30, 2025	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	370	$	52	$	—	$	—	$	422
Core advertising revenue	269		14		38		(6)		315
Political advertising revenue	6		—		—		—		6
Other media, non-media, and intercompany revenue	22		1		10		(3)		30
Total revenue	$	667	$	67	$	48	$	(9)	$	773
For the nine months ended September 30, 2025	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	1,145	$	162	$	—	$	—	$	1,307
Core advertising revenue	812		38		91		(18)		923
Political advertising revenue	18		—		—		—		18
Other media, non-media, and intercompany revenue	65		3		24		(7)		85
Total revenue	$	2,040	$	203	$	115	$	(25)	$	2,333
For the three months ended September 30, 2024	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	383	$	51	$	—	$	—	$	434
Core advertising revenue	283		8		9		(5)		295
Political advertising revenue	138		—		—		—		138
Other media, non-media, and intercompany revenue	41		1		10		(2)		50
Total revenue	$	845	$	60	$	19	$	(7)	$	917
For the nine months ended September 30, 2024	Local Media		Tennis		Other		Eliminations		Total
Distribution revenue	$	1,151	$	154	$	—	$	—	$	1,305
Core advertising revenue	852		32		24		(13)		895
Political advertising revenue	202		—		—		—		202
Other media, non-media, and intercompany revenue	117		4		30		(9)		142
Total revenue	$	2,322	$	190	$	54	$	(22)	$	2,544