v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets: $ 492 $ 656
Cash 176 368
Accounts receivable, net 193 205
Current portion of program broadcast rights, net 5 17
Income tax refunds receivable 1 6
Prepaid income taxes 83 35
Prepaid and other current assets 34 25
Property and equipment, net 1,522 1,509
Operating leases right of use asset 76 66
Broadcast licenses 5,463 5,309
Goodwill 2,693 2,642
Other intangible assets, net 109 157
Investments in broadcasting and technology companies 32 37
Deferred pension assets 21 21
Other 29 43
Total assets 10,437 10,440
Current liabilities:    
Accounts payable 143 144
Employee compensation and benefits 95 103
Accrued interest 150 151
Other accrued expenses 73 47
Federal and state income taxes 4 5
Current portion of program broadcast obligations 5 18
Deferred revenue 22 20
Dividends payable 14 16
Current portion of operating lease liabilities 11 10
Current portion of long-term debt 0 2
Total current liabilities 517 516
Long-term debt, less current portion and deferred financing costs 5,808 5,742
Deferred income taxes 1,299 1,300
Operating lease liabilities, less current portion 68 59
Other 17 18
Total liabilities 7,709 7,635
Commitments and Contingencies  
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 600,000 shares and 650,000 shares, respectively, and $600 and $650 aggregate liquidation value, respectively 600 650
Stockholders’ equity:    
Retained earnings 1,176 1,205
Accumulated other comprehensive loss, net of income tax benefit (4) (4)
Stockholders' equity before treasury stock 2,460 2,478
Total stockholders’ equity 2,128 2,155
Total liabilities and stockholders’ equity 10,437 10,440
Common Stock (No Par Value) [Member]    
Stockholders’ equity:    
Common stock 1,216 1,210
Treasury stock at cost (292) (288)
Class A Common Stock (No Par Value) [Member]    
Stockholders’ equity:    
Common stock 72 67
Treasury stock at cost $ (40) $ (35)