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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue (less agency commissions) $ 826 $ 813 $ 1,649 $ 1,614
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Depreciation     72 70
Amortization of intangible assets     63 99
(Gain) loss on disposal of assets, net (1) 16 (1) 26
Operating expenses 674 694 1,373 1,428
Operating income 152 119 276 186
Other income (expense):        
Miscellaneous income (expense), net 2 (1) 112 (3)
Interest expense (118) (109) (233) (213)
Loss from early extinguishment of debt (7) 0 (7) (3)
Income (loss) before income taxes 29 9 148 (33)
Income tax expense (benefit) 7 5 38 (6)
Net income (loss) 22 4 110 (27)
Preferred stock dividends 13 13 26 26
Net income (loss) attributable to common stockholders $ 9 $ (9) $ 84 $ (53)
Basic per share information:        
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.09 $ (0.1) $ 0.89 $ (0.58)
Weighted-average shares outstanding-basic (in shares) 95 93 94 92
Diluted per share information:        
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.09 $ (0.1) $ 0.88 $ (0.58)
Weighted-average shares outstanding (in shares) 96 93 95 92
Dividends declared per common share (in dollars per share)     $ 0.16 $ 0.16
O 2024 Q2 Dividends [Member]        
Diluted per share information:        
Dividends declared per common share (in dollars per share) $ 0.08      
O 2023 Q2 Dividends [Member]        
Diluted per share information:        
Dividends declared per common share (in dollars per share)   $ 0.08    
Broadcasting, Segment [Member]        
Revenue (less agency commissions) $ 808 $ 801 $ 1,607 $ 1,580
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Cost of goods and services sold 565 552 1,148 1,107
Production Companies, Segment [Member]        
Revenue (less agency commissions) 18 12 42 34
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Cost of goods and services sold 14 11 35 70
Other Operating Segment [Member]        
Operating expenses before depreciation, amortization and gain on disposal of assets, net:        
Corporate and administrative 28 30 56 56
Depreciation 36 35 72 70
Amortization of intangible assets $ 32 $ 50 $ 63 $ 99