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Related Party Transactions
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
In the normal course of business, the Company enters into transactions with related parties. Related parties include entities that share common directorship, such as Liberty Global plc (“Liberty Global”), Liberty Broadband Corporation (“Liberty Broadband”) and their subsidiaries and equity method investees (collectively the “Liberty Group”). The Company’s Board of Directors includes Dr. John Malone, who is Chairman of the Board of Liberty Global and Liberty Broadband and beneficially owns approximately 30% and 49% of the aggregate voting power with respect to the election of directors of Liberty Global and Liberty Broadband, respectively. The majority of the revenue earned from the Liberty Group relates to multi-year network distribution arrangements. Related party transactions also include revenues and expenses for content and services provided to or acquired from equity method investees, or minority partners of consolidated subsidiaries. The table below presents a summary of the transactions with related parties (in millions).
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Revenues and service charges:
Liberty Group$549 $167 $1,242 $507 
Equity method investees111 57 348 181 
Other48 23 237 74 
Total revenues and service charges$708 $247 $1,827 $762 
Expenses$(72)$(62)$(314)$(176)
Distributions to noncontrolling interests and redeemable noncontrolling interests$(22)$(18)$(286)$(231)
The table below presents receivables due from and payables due to related parties (in millions).
September 30, 2022December 31, 2021
Receivables$625 $172 
Payables$25 $23 
In September 2022, the Company sold 75% of its interest in The CW Network to Nexstar, a related party, and recorded an immaterial gain not included in the table above. (See Note 3.)