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Note 12 - Segment Information - Segment Information (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024 | Dec. 31, 2024
Revenue |  | $ 772 | $ 826 | $ 1,554 | $ 1,649 |
Payroll and employee benefits | [1] |  |  | 471 | 483 |
Network affiliation fees | [1] |  |  | 467 | 467 |
Programming | [1] |  |  | 62 | 57 |
Depreciation and amortization | [1] |  |  | 123 | 135 |
Impairment of intangible assets |  |  |  | 28 |  |
Other segment items(2) | [2] |  |  | 229 | 231 |
Segment operating income (loss) |  | 82 | 152 | 174 | 276 |
Miscellaneous income, net |  | 0 | 2 | 1 | 112 |
Interest expense |  | (117) | (118) | (235) | (233) |
Gain on early extinguishment of debt |  | 0 | (7) | 1 | (7) |
Loss before income tax |  | (35) | 29 | (59) | 148 |
Capital expenditures (excluding business combinations) |  |  |  | 40 | 63 |
Goodwill |  | 2,642 |  | 2,642 |  | $ 2,642
Investments in broadcasting and technology companies |  | 58 |  | 58 |  | 66
Total assets |  | 10,352 |  | 10,352 |  | 10,542
Miscellaneous income, net |  | 0 | 2 | 1 | 112 |
Loss on early extinguishment of debt |  | 0 | (7) | 1 | (7) |
Broadcasting, Segment [Member] |  |  |  |  |  |
Revenue |  | 754 | 808 | 1,509 | 1,607 |
Production Companies, Segment [Member] |  |  |  |  |  |
Revenue |  | 18 | $ 18 | 45 | 42 |
Other Operating Segment [Member] |  |  |  |  |  |
Revenue |  |  |  | 0 | 0 |
Payroll and employee benefits | [1] |  |  | 32 | 29 |
Network affiliation fees | [1] |  |  | 0 | 0 |
Programming | [1] |  |  | 0 | 0 |
Depreciation and amortization | [1] |  |  | 1 | 1 |
Other segment items(2) | [2] |  |  | 25 | 27 |
Segment operating income (loss) |  |  |  | (58) | (57) |
Capital expenditures (excluding business combinations) |  |  |  | 0 | 0 |
Goodwill |  | 0 |  | 0 |  | 0
Investments in broadcasting and technology companies |  | 13 |  | 13 |  | 13
Total assets |  | 246 |  | 246 |  | 225
Operating Segments [Member] | Broadcasting, Segment [Member] |  |  |  |  |  |
Revenue |  |  |  | 1,509 | 1,607 |
Payroll and employee benefits | [1] |  |  | 429 | 444 |
Network affiliation fees | [1] |  |  | 467 | 467 |
Programming | [1] |  |  | 59 | 51 |
Depreciation and amortization | [1] |  |  | 114 | 124 |
Impairment of intangible assets |  |  |  | 28 |  |
Other segment items(2) | [2] |  |  | 176 | 186 |
Segment operating income (loss) |  |  |  | 236 | 335 |
Capital expenditures (excluding business combinations) |  |  |  | 21 | 41 |
Goodwill |  | 2,614 |  | 2,614 |  | 2,614
Investments in broadcasting and technology companies |  | 41 |  | 41 |  | 49
Total assets |  | 9,383 |  | 9,383 |  | 9,636
Operating Segments [Member] | Production Companies, Segment [Member] |  |  |  |  |  |
Revenue |  |  |  | 45 | 42 |
Payroll and employee benefits | [1] |  |  | 10 | 10 |
Network affiliation fees | [1] |  |  | 0 | 0 |
Programming | [1] |  |  | 3 | 6 |
Depreciation and amortization | [1] |  |  | 8 | 10 |
Other segment items(2) | [2] |  |  | 28 | 18 |
Segment operating income (loss) |  |  |  | (4) | (2) |
Capital expenditures (excluding business combinations) |  |  |  | 19 | $ 22 |
Goodwill |  | 28 |  | 28 |  | 28
Investments in broadcasting and technology companies |  | 4 |  | 4 |  | 4
Total assets |  | $ 723 |  | $ 723 |  | $ 681
[1] | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
[2] | Other segment items for each reportable segment includes (gain) loss on disposal of assets, professional services expense, repairs and maintenance expense, occupancy expense (including property tax expense), and certain overhead expenses.

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