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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income $ 78 $ 64
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 50 42
Amortization of intangible assets 53 52
Amortization of deferred loan costs 6 6
Amortization of restricted stock awards 7 7
Amortization of program broadcast rights 17 19
Payments on program broadcast obligations (18) (20)
Common stock contributed to 401(k) 1 5
Deferred income taxes 21 13
Gain on disposal of assets, net (5) (13)
Other 1 2
Changes in operating assets and liabilities:    
Accounts receivable 17 57
Prepaid income taxes (9) 0
Other current assets 51 6
Accounts payable 23 75
Employee compensation, benefits and pension cost 13 (12)
Accrued network fees and other expenses (34) (5)
Accrued interest 0 (2)
Income taxes payable (20) 10
Deferred revenue (14) 1
Net cash provided by operating activities 238 307
Investing activities:    
Acquisitions of television businesses and licenses, net of cash acquired (41) (1)
Purchases of property and equipment (121) (51)
Proceeds from asset sales 3 1
Proceeds from Repack reimbursement (Note 1) 7 14
Investment in broadcast, production and technology companies (25) (22)
Net cash used in investing activities (177) (59)
Financing activities:    
Repurchase of common stock 0 (49)
Common stock dividends (15) 0
Preferred stock dividends (26) (26)
Deferred and other loan costs (1) 0
Taxes related to net share settlement of equity awards (7) (6)
Net cash used in financing activities (49) (81)
Net increase in cash 12 167
Cash at beginning of period 773 212
Cash at end of period $ 785 $ 379