XML 62 R42.htm IDEA: XBRL DOCUMENT
v3.25.3

SEGMENT DATA (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment data |
Schedule of Segment Financial Information | Segment financial information is included in the following tables for the periods presented (in millions):
As of September 30, 2025 |  | Local Media |  | Tennis |  | Other & Corporate |  | Eliminations |  | Consolidated
Assets |  | $ | 4,288 |  |  | $ | 268 |  |  | $ | 1,011 |  |  | $ | — |  |  | $ | 5,567 |
For the three months ended September 30, 2025 |  | Local Media |  | Tennis |  | Other & Corporate |  | Eliminations |  | Consolidated
Revenue |  | $ | 667 |  |  | $ | 67 |  |  | $ | 48 |  |  | $ | (9) |  | (b) | $ | 773 |
Media programming and production expenses |  | 378 |  |  | 35 |  |  | — |  |  | — |  |  | 413 |
Media selling, general and administrative expenses |  | 165 |  |  | 15 |  |  | 30 |  |  | (7) |  |  | 203 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 56 |  |  | 5 |  |  | 1 |  |  | — |  |  | 62 |
Amortization of program costs |  | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Corporate general and administrative expenses |  | 21 |  |  | 1 |  |  | 18 |  |  | — |  |  | 40 |
Gain on asset dispositions and other, net |  | (3) |  |  | — |  |  | (33) |  |  | — |  |  | (36) |
Other segment items (a) |  | 2 |  |  | — |  |  | 12 |  |  | (2) |  |  | 12 |
Operating income |  | $ | 27 |  |  | $ | 11 |  |  | $ | 20 |  |  | $ | — |  |  | $ | 58 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 85 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 85 |
Loss from equity method investments |  | — |  |  | — |  |  | (2) |  |  | — |  |  | (2) |
Other income, net |  | 2 |  |  | — |  |  | 27 |  |  | — |  |  | 29 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | — |
For the nine months ended September 30, 2025 |  | Local Media |  | Tennis |  | Other & Corporate |  | Eliminations |  | Consolidated
Revenue |  | $ | 2,040 |  |  | $ | 203 |  |  | $ | 115 |  |  | $ | (25) |  | (b) | $ | 2,333 |
Media programming and production expenses |  | 1,148 |  |  | 101 |  |  | 2 |  |  | — |  |  | 1,251 |
Media selling, general and administrative expenses |  | 497 |  |  | 48 |  |  | 72 |  |  | (22) |  |  | 595 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 166 |  |  | 15 |  |  | 2 |  |  | — |  |  | 183 |
Amortization of program costs |  | 57 |  |  | — |  |  | — |  |  | — |  |  | 57 |
Corporate general and administrative expenses |  | 85 |  |  | 2 |  |  | 50 |  |  | — |  |  | 137 |
(Gain) loss on asset dispositions and other, net |  | (23) |  |  | — |  |  | 4 |  |  | — |  |  | (19) |
Other segment items (a) |  | 6 |  |  | — |  |  | 33 |  |  | (3) |  |  | 36 |
Operating income (loss) |  | $ | 104 |  |  | $ | 37 |  |  | $ | (48) |  |  | $ | — |  |  | $ | 93 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 311 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 311 |
Loss from equity method investments |  | — |  |  | (2) |  |  | (7) |  |  | — |  |  | (9) |
Gain on extinguishment of debt |  | 6 |  |  | $ | — |  |  | $ | — |  |  | — |  |  | 6 |
Other income (expense), net |  | 8 |  |  | — |  |  | (63) |  |  | — |  |  | (55) |
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (276) |
For the three months ended September 30, 2024 |  | Local Media |  | Tennis |  | Other & Corporate |  | Eliminations |  | Consolidated
Revenue |  | $ | 845 |  |  | $ | 60 |  |  | $ | 19 |  |  | $ | (7) |  | (b) | $ | 917 |
Media programming and production expenses |  | 384 |  |  | 30 |  |  | — |  |  | — |  |  | 414 |
Media selling, general and administrative expenses |  | 188 |  |  | 13 |  |  | 6 |  |  | (6) |  |  | 201 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 58 |  |  | 5 |  |  | 1 |  |  | (1) |  |  | 63 |
Amortization of program costs |  | 18 |  |  | — |  |  | — |  |  | — |  |  | 18 |
Corporate general and administrative expenses |  | 24 |  |  | 1 |  |  | 16 |  |  | — |  |  | 41 |
Gain on asset dispositions and other, net |  | (11) |  |  | — |  |  | (2) |  |  | — |  |  | (13) |
Other segment items (a) |  | 2 |  |  | — |  |  | 12 |  |  | — |  |  | 14 |
Operating income (loss) |  | $ | 182 |  |  | $ | 11 |  |  | $ | (14) |  |  | $ | — |  |  | $ | 179 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 78 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 78 |
Income (loss) from equity method investments |  | 1 |  |  | (1) |  |  | — |  |  | — |  |  | — |
Other income, net |  | 2 |  |  | — |  |  | 22 |  |  | — |  |  | 24 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 125 |
For the nine months ended September 30, 2024 |  | Local Media |  | Tennis |  | Other & Corporate |  | Eliminations |  | Consolidated
Revenue |  | $ | 2,322 |  |  | $ | 190 |  |  | $ | 54 |  |  | $ | (22) |  | (b) | $ | 2,544 |
Media programming and production expenses |  | 1,149 |  |  | 98 |  |  | — |  |  | — |  |  | 1,247 |
Media selling, general and administrative expenses |  | 549 |  |  | 42 |  |  | 16 |  |  | (16) |  |  | 591 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 174 |  |  | 16 |  |  | 2 |  |  | (3) |  |  | 189 |
Amortization of program costs |  | 55 |  |  | — |  |  | — |  |  | — |  |  | 55 |
Corporate general and administrative expenses |  | 94 |  |  | 2 |  |  | 53 |  |  | — |  |  | 149 |
Gain on asset dispositions and other, net |  | (11) |  |  | — |  |  | — |  |  | — |  |  | (11) |
Other segment items (a) |  | 6 |  |  | — |  |  | 36 |  |  | (3) |  |  | 39 |
Operating income (loss) |  | $ | 306 |  |  | $ | 32 |  |  | $ | (53) |  |  | $ | — |  |  | $ | 285 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 230 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 230 |
Income (loss) from equity method investments |  | 1 |  |  | (2) |  |  | 93 |  |  | — |  |  | 92 |
Gain on extinguishment of debt |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other income (expense), net |  | 35 |  |  | — |  |  | (13) |  |  | — |  |  | 22 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 170 |
(a)Other segment items relate primarily to non-media expenses. (b)Includes $5 million and $14 million for the three and nine months ended September 30, 2025, respectively, and $4 million and $9 million for the three and nine months ended September 30, 2024, respectively, of revenue for services provided by other to local media, which is eliminated in consolidation.
Sinclair Broadcast Group, LLC |
Segment data |
Schedule of Segment Financial Information | Segment financial information is included in the following tables for the periods presented (in millions):
As of September 30, 2025 |  | Local Media |  |  |  | Corporate |  |  |  | Consolidated
Assets |  | $ | 4,318 |  |  |  |  | $ | 64 |  |  |  |  | $ | 4,382 |
For the three months ended September 30, 2025 |  | Local Media |  |  |  | Corporate |  | Consolidated
Revenue |  | $ | 667 |  |  |  |  | $ | — |  |  | $ | 667 |
Media programming and production expenses |  | 378 |  |  |  |  | — |  |  | 378 |
Media selling, general and administrative expenses |  | 165 |  |  |  |  | — |  |  | 165 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 56 |  |  |  |  | — |  |  | 56 |
Amortization of program costs |  | 21 |  |  |  |  | — |  |  | 21 |
Corporate general and administrative expenses |  | 21 |  |  |  |  | — |  |  | 21 |
Gain on asset dispositions and other, net |  | (3) |  |  |  |  | (22) |  |  | (25) |
Other segment items (a) |  | 2 |  |  |  |  | — |  |  | 2 |
Operating income |  | $ | 27 |  |  |  |  | $ | 22 |  |  | $ | 49 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 85 |  |  |  |  | $ | — |  |  | $ | 85 |
Other income, net |  | 2 |  |  |  |  | — |  |  | 2 |
Loss before income taxes |  |  |  |  |  |  |  | $ | (34) |
For the nine months ended September 30, 2025 |  | Local Media |  |  |  | Corporate |  | Consolidated
Revenue |  | $ | 2,040 |  |  |  |  | $ | — |  |  | $ | 2,040 |
Media programming and production expenses |  | 1,148 |  |  |  |  | — |  |  | 1,148 |
Media selling, general and administrative expenses |  | 497 |  |  |  |  | — |  |  | 497 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 166 |  |  |  |  | — |  |  | 166 |
Amortization of program costs |  | 57 |  |  |  |  | — |  |  | 57 |
Corporate general and administrative expenses |  | 85 |  |  |  |  | — |  |  | 85 |
(Gain) loss on asset dispositions and other, net |  | (23) |  |  |  |  | 15 |  |  | (8) |
Other segment items (a) |  | 6 |  |  |  |  | — |  |  | 6 |
Operating income (loss) |  | $ | 104 |  |  |  |  | $ | (15) |  |  | $ | 89 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 311 |  |  |  |  | $ | — |  |  | $ | 311 |
Gain on extinguishment of debt |  | 6 |  |  |  |  | — |  |  | 6 |
Other income, net |  | 8 |  |  |  |  | — |  |  | 8 |
Loss before income taxes |  |  |  |  |  |  |  | $ | (208) |
For the three months ended September 30, 2024 |  | Local Media |  |  | Consolidated |  |
Revenue |  | $ | 845 |  |  |  | $ | 845 |  |  |
Media programming and production expenses |  | 384 |  |  |  | 384 |  |  |
Media selling, general and administrative expenses |  | 188 |  |  |  | 188 |  |  |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 58 |  |  |  | 58 |  |  |
Amortization of program costs |  | 18 |  |  |  | 18 |  |  |
Corporate general and administrative expenses |  | 24 |  |  |  | 24 |  |  |
Gain on asset dispositions and other, net |  | (11) |  |  |  | (11) |  |  |
Other segment items (a) |  | 2 |  |  |  | 2 |  |  |
Operating income |  | $ | 182 |  |  |  | $ | 182 |  |  |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 78 |  |  |  | $ | 78 |  |  |
Other income, net |  | 3 |  |  |  | 3 |  |  |
Income before income taxes |  |  |  |  | $ | 107 |  |  |
For the nine months ended September 30, 2024 |  | Local Media |  |  | Corporate |  | Consolidated
Revenue |  | $ | 2,322 |  |  |  | $ | — |  |  | $ | 2,322 |
Media programming and production expenses |  | 1,149 |  |  |  | — |  |  | 1,149 |
Media selling, general and administrative expenses |  | 549 |  |  |  | — |  |  | 549 |
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets |  | 174 |  |  |  | — |  |  | 174 |
Amortization of program costs |  | 55 |  |  |  | — |  |  | 55 |
Corporate general and administrative expenses |  | 94 |  |  |  | 6 |  |  | 100 |
Gain on asset dispositions and other, net |  | (11) |  |  |  | — |  |  | (11) |
Other segment items (a) |  | 6 |  |  |  | — |  |  | 6 |
Operating income (loss) |  | $ | 306 |  |  |  | $ | (6) |  |  | $ | 300 |
Interest expense including amortization of debt discount and deferred financing costs |  | $ | 230 |  |  |  | $ | — |  |  | $ | 230 |
Gain on extinguishment of debt |  | 1 |  |  |  | — |  |  | 1 |
Other income, net |  | 36 |  |  |  | — |  |  | 36 |
Income before income taxes |  |  |  |  |  |  | $ | 107 |
(a)Other segment items relate primarily to non-media expenses.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=sbgi_SinclairBroadcastGroupLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |