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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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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 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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