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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) and Item 402(v) of Regulation
S-K,
the table below sets forth information about the relationship between compensation actually paid (“CAP”) to our principal executive officer (“PEO”) and
non-PEO
NEOs and certain financial performance measures of the Company and how the Company aligns executive compensation with the Company’s performance. For further information concerning the Company’s variable
pay-for-performance
philosophy and how the Company aligns executive compensation with Company performance, refer to the “Compensation Discussion and Analysis” section of this proxy statement.
 
    
Summary Compensation Table Total
(1)
   
Compensation Actually Paid
(2)
   
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
(3)
   
Average
Compensation
Actually Paid
for
Non-PEO

NEOs
(4)
   
Value of Initial Fixed
$100 Investment Based
on:
   
(GAAP)
   
Company
Selected
Perform-
ance
Measure
 
 Year
 
PEO 1
(Kristin
Dolan)
   
PEO 2
(Christina
Spade)
   
PEO 3
(Matthew
Blank)
   
PEO 4
(Josh
Sapan)
   
PEO 1
(Kristin
Dolan)
   
PEO 2
(Christina
Spade)
   
PEO 3
(Matthew
Blank)
   
PEO 4
(Josh
Sapan)
   
Total
Shareholder
Return ($)
5
   
Peer Group
Total
Shareholder
Return ($)
(6)
   
Net
Income
(MM)
   
(AOI)
(7)
 
                             
 2023
 
$
14,581,636
 
 
 
N/A
 
 
 
N/A
 
 
 
N/A
 
 
$
13,440,517
 
 
 
N/A
 
 
 
N/A
 
 
 
N/A
 
 
$
3,643,353
 
 
$
3,766,768
 
 
$
47.57
 
 
$
62.47
 
 
$
215,464
 
 
$
670,104
 
                             
 2022
 
 
N/A
 
 
$
21,357,041
 
 
$
4,879,333
 
 
 
N/A
 
 
 
N/A
 
 
$
18,097,463
 
 
$
3,804,768
 
 
 
N/A
 
 
$
5,937,287
 
 
$
4,545,489
 
 
$
39.67
 
 
$
57.83
 
 
$
7,594
 
 
$
738,402
 
                             
 2021
 
 
N/A
 
 
 
N/A
 
 
$
6,967,220
 
 
$
15,254,942
 
 
 
N/A
 
 
 
N/A
 
 
$
5,970,285
 
 
$
20,988,019
 
 
$
4,091,622
 
 
$
3,948,665
 
 
$
87.19
 
 
$
105.65
 
 
$
250,596
 
 
$
816,070
 
                             
 2020
 
 
N/A
 
 
 
N/A
 
 
 
N/A
 
 
$
11,849,849
 
 
 
N/A
 
 
 
N/A
 
 
 
N/A
 
 
$
8,931,317
 
 
$
2,583,055
 
 
$
1,087,547
 
 
$
90.56
 
 
$
122.78
 
 
$
239,979
 
 
$
766,611
 
 
(1)
The dollar amounts reported for the PEOs, Mses. Dolan and Spade and Messrs. Blank and Sapan, under “Summary Compensation Table Total” are the amounts of total compensation reported for Mses. Dolan and Spade and Messrs. Blank and Sapan for each corresponding year in the “Total” column of the Summary Compensation Table as reflected on page 64. James L. Dolan served as our Interim Executive Chairman from December 5, 2022 through February 27, 2023 and is not included as an NEO in the pay versus performance table because he did not receive any incremental compensation as Interim Executive Chairman and instead continued to be paid the same compensation that he was entitled to receive as a
non-employee
director of the Company. As reported in the “2023 Director Compensation Table” section, in 2023, Mr. Dolan earned $84,000 paid in cash, and $129,556 in fully vested RSUs, in each case, for his service as a director. As Mr. Dolan’s RSUs were fully vested on the date of grant, his CAP is equal to the total amount reported in the “2023 Director Compensation Table”.
 
(2)
The dollar amounts reported for Mses. Dolan and Spade and Messrs. Blank and Sapan under “Compensation Actually Paid” represent the amount of CAP to Mses. Dolan and Spade and Messrs. Blank and Sapan, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mses. Dolan and Spade and Messrs. Blank and Sapan during the applicable year. In accordance with the requirements of
Item
402(v) of Regulation
S-K,
the adjustments in the
 
 
table below were made to
Mses
.
Dolan
and
Spade
and Messrs. Blank and Sapan’s total compensation for each year to determine the compensation actually paid:
 
         
  
 
 
Kristin
Dolan
   
Christina
Spade
   
Matthew C. Blank
   
Joshua Sapan
 
         
  
 
 
2023
   
2022
   
2022
   
2021
   
2021
   
2020
 
         
  Total Compensation as reported in Summary Compensation Table (SCT)
 
 
$14,581,636
 
 
 
$21,357,041
 
 
 
$4,879,333
 
 
 
$6,967,220
 
 
 
$15,254,942
 
 
 
$11,849,849
 
         
  Deduct Fair value of equity awards granted during fiscal year
 
 
$(8,816,270)
 
 
 
$(7,412,144)
 
 
 
$ —
 
 
 
$(4,514,809)
 
 
 
$(7,832,256)
 
 
 
$(5,551,125)
 
         
  Add Fair value of equity compensation granted in current year — value at end of
year-end
 
 
$7,675,151
 
 
 
$ 4,695,538
 
 
 
$ —
 
 
 
$3,517,874
 
 
 
$ 3,430,534
 
 
 
$ 7,286,742
 
         
  Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year
 
 
$ —
 
 
 
$(103,654)
 
 
 
$(1,074,565)
 
 
 
$ —
 
 
 
$10,531,274
 
 
 
$(3,197,081)
 
         
  Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year
 
 
$ —
 
 
 
$(439,318)
 
 
 
$ —
 
 
 
$ —
 
 
 
$(396,475)
 
 
 
$(1,457,069)
 
         
  Compensation Actually Paid to PEO
 
 
$13,440,517
 
 
 
$18,097,463
 
 
 
$3,804,768
 
 
 
$5,970,285
 
 
 
$20,988,019
 
 
 
$8,931,317
 
 
(3)
The dollar amounts reported under Average Summary Compensation Total for
non-PEO
NEOs represent the average of the amounts reported for the company’s named executive officers (NEOs) as a group (excluding any individual serving as our PEO for such year) in the “Total” column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Patrick O’Connell, James Gallagher, Dan McDermott and Kim Kelleher; (ii) for 2022, Patrick O’Connell, James Gallagher, Joshua Sapan and Kim Kelleher; (iii) for 2021, Christina Spade, James Gallagher, Michael Sherin, Donna Coleman and Ed Carroll; and (iv) for 2020, Charles Dolan, Ed Carroll, James Gallagher, Donna Coleman, Chris Wymbs and Sean Sullivan.
 
(4)
The dollar amounts reported under Average Compensation Actually Paid for
non-PEO
NEOs represent the average amount of “compensation actually paid” to the NEOs as a group (excluding any individual serving as our PEO for such year), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable
 
 
year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments in the table below were made to the NEOs’ total compensation for each year to determine the compensation actually paid:
 
   
    
NEO Averages
 
       
  
 
 
2023
   
2022
    
2021
    
2020
 
       
Total Compensation as reported in
Summary
Compensation Table (SCT)
 
 
$3,643,353
 
 
 
$5,937,287
 
  
 
$4,091,622
 
  
 
$2,583,055
 
       
Fair value of equity awards granted during fiscal year
 
 
$777,556
 
 
 
$581,400
 
  
 
$1,461,208
 
  
 
$801,291
 
       
Fair value of equity compensation granted in current
year — value at end of
year-end
 
 
$793,605
 
 
 
$288,261
 
  
 
$702,004
 
  
 
$726,519
 
       
Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year
 
 
$53,839
 
 
 
$(65,843)
 
  
 
$687,640
 
  
 
$(256,673)
 
       
Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year
 
 
$53,526
 
 
 
$(1,032,816)
 
  
 
$(71,393)
 
  
 
$(145,602)
 
       
Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year
 
 
$ —
 
 
 
$ —
 
  
 
$ —
 
  
 
$(1,018,461)
 
       
Compensation Actually Paid to
Non-PEO
NEOs
 
 
$3,766,768
 
 
 
$4,545,489
 
  
 
$3,948,665
 
  
 
$1,087,547
 
 
(5)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the company’s share price at the end and the beginning of the measurement period by the company’s share price at the beginning of the measurement period.
 
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the peer group disclosed on the Company’s Form
10-K
for the fiscal year ending in 2023. The common stocks of the following companies have been included in the peer group: Warner Bros. Discovery, Inc., the Walt Disney Company, Fox Corporation (included from March 19, 2019, when trading began), Lions Gate Entertainment Corporation, Nexstar Media Group, Inc., Roku, Inc., and Paramount Global.
 
(7)
The Company defines AOI, which is a
non-GAAP
financial measure, as operating income (loss) before depreciation and amortization, cloud computing amortization, share-based compensation expense or benefit, impairment charges (including gains or losses on sales or dispositions of business), restructuring and other related charges and including the Company’s proportionate share of adjusted operating income (loss) from majority-owned equity method investees. Because it is based on operating income (loss), AOI also excludes interest expense (including cash interest expense) and other
non-operating
income and expense items.
     
Company Selected Measure Name AOI      
Named Executive Officers, Footnote The dollar amounts reported under Average Summary Compensation Total for
non-PEO
NEOs represent the average of the amounts reported for the company’s named executive officers (NEOs) as a group (excluding any individual serving as our PEO for such year) in the “Total” column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Patrick O’Connell, James Gallagher, Dan McDermott and Kim Kelleher; (ii) for 2022, Patrick O’Connell, James Gallagher, Joshua Sapan and Kim Kelleher; (iii) for 2021, Christina Spade, James Gallagher, Michael Sherin, Donna Coleman and Ed Carroll; and (iv) for 2020, Charles Dolan, Ed Carroll, James Gallagher, Donna Coleman, Chris Wymbs and Sean Sullivan.
     
Peer Group Issuers, Footnote Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the peer group disclosed on the Company’s Form
10-K
for the fiscal year ending in 2023. The common stocks of the following companies have been included in the peer group: Warner Bros. Discovery, Inc., the Walt Disney Company, Fox Corporation (included from March 19, 2019, when trading began), Lions Gate Entertainment Corporation, Nexstar Media Group, Inc., Roku, Inc., and Paramount Global.
     
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported for Mses. Dolan and Spade and Messrs. Blank and Sapan under “Compensation Actually Paid” represent the amount of CAP to Mses. Dolan and Spade and Messrs. Blank and Sapan, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mses. Dolan and Spade and Messrs. Blank and Sapan during the applicable year. In accordance with the requirements of
Item
402(v) of Regulation
S-K,
the adjustments in the
 
 
table below were made to
Mses
.
Dolan
and
Spade
and Messrs. Blank and Sapan’s total compensation for each year to determine the compensation actually paid:
 
         
  
 
 
Kristin
Dolan
   
Christina
Spade
   
Matthew C. Blank
   
Joshua Sapan
 
         
  
 
 
2023
   
2022
   
2022
   
2021
   
2021
   
2020
 
         
  Total Compensation as reported in Summary Compensation Table (SCT)
 
 
$14,581,636
 
 
 
$21,357,041
 
 
 
$4,879,333
 
 
 
$6,967,220
 
 
 
$15,254,942
 
 
 
$11,849,849
 
         
  Deduct Fair value of equity awards granted during fiscal year
 
 
$(8,816,270)
 
 
 
$(7,412,144)
 
 
 
$ —
 
 
 
$(4,514,809)
 
 
 
$(7,832,256)
 
 
 
$(5,551,125)
 
         
  Add Fair value of equity compensation granted in current year — value at end of
year-end
 
 
$7,675,151
 
 
 
$ 4,695,538
 
 
 
$ —
 
 
 
$3,517,874
 
 
 
$ 3,430,534
 
 
 
$ 7,286,742
 
         
  Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year
 
 
$ —
 
 
 
$(103,654)
 
 
 
$(1,074,565)
 
 
 
$ —
 
 
 
$10,531,274
 
 
 
$(3,197,081)
 
         
  Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year
 
 
$ —
 
 
 
$(439,318)
 
 
 
$ —
 
 
 
$ —
 
 
 
$(396,475)
 
 
 
$(1,457,069)
 
         
  Compensation Actually Paid to PEO
 
 
$13,440,517
 
 
 
$18,097,463
 
 
 
$3,804,768
 
 
 
$5,970,285
 
 
 
$20,988,019
 
 
 
$8,931,317
 
     
Non-PEO NEO Average Total Compensation Amount $ 3,643,353 $ 5,937,287 $ 4,091,622 $ 2,583,055
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,766,768 4,545,489 3,948,665 1,087,547
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported under Average Compensation Actually Paid for
non-PEO
NEOs represent the average amount of “compensation actually paid” to the NEOs as a group (excluding any individual serving as our PEO for such year), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable
 
 
year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments in the table below were made to the NEOs’ total compensation for each year to determine the compensation actually paid:
 
   
    
NEO Averages
 
       
  
 
 
2023
   
2022
    
2021
    
2020
 
       
Total Compensation as reported in
Summary
Compensation Table (SCT)
 
 
$3,643,353
 
 
 
$5,937,287
 
  
 
$4,091,622
 
  
 
$2,583,055
 
       
Fair value of equity awards granted during fiscal year
 
 
$777,556
 
 
 
$581,400
 
  
 
$1,461,208
 
  
 
$801,291
 
       
Fair value of equity compensation granted in current
year — value at end of
year-end
 
 
$793,605
 
 
 
$288,261
 
  
 
$702,004
 
  
 
$726,519
 
       
Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year
 
 
$53,839
 
 
 
$(65,843)
 
  
 
$687,640
 
  
 
$(256,673)
 
       
Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year
 
 
$53,526
 
 
 
$(1,032,816)
 
  
 
$(71,393)
 
  
 
$(145,602)
 
       
Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year
 
 
$ —
 
 
 
$ —
 
  
 
$ —
 
  
 
$(1,018,461)
 
       
Compensation Actually Paid to
Non-PEO
NEOs
 
 
$3,766,768
 
 
 
$4,545,489
 
  
 
$3,948,665
 
  
 
$1,087,547
 
     
Compensation Actually Paid vs. Total Shareholder Return
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group
LOGO
     
Tabular List, Table
Financial Performance Measures
As described in greater detail in the “Compensation Discussion & Analysis” section beginning on page 33, our approach to executive compensation is designed to directly link pay to performance, recognize both corporate and individual performance, promote long-term stock ownership, attract, retain and motivate talented executives, and balance risk and reward while taking into consideration stakeholder feedback as well as market trends and practices. The most important financial measures used by the Company to link compensation actually paid (as defined by SEC rules) to the Company’s named executive officers for the most recently completed fiscal year to the company’s performance are:
 
   
Adjusted Operating Income (AOI);
 
   
Net Revenue; and
 
   
Free Cash Flow (FCF).
     
Total Shareholder Return Amount $ 47.57 39.67 87.19 90.56
Peer Group Total Shareholder Return Amount 62.47 57.83 105.65 122.78
Net Income (Loss) $ 215,464,000 $ 7,594,000 $ 250,596,000 $ 239,979,000
Company Selected Measure Amount 670,104 738,402 816,070 766,611
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Operating Income (AOI)      
Non-GAAP Measure Description The Company defines AOI, which is a
non-GAAP
financial measure, as operating income (loss) before depreciation and amortization, cloud computing amortization, share-based compensation expense or benefit, impairment charges (including gains or losses on sales or dispositions of business), restructuring and other related charges and including the Company’s proportionate share of adjusted operating income (loss) from majority-owned equity method investees. Because it is based on operating income (loss), AOI also excludes interest expense (including cash interest expense) and other
non-operating
income and expense items.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name Free Cash Flow (FCF)      
Kristin Dolan [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 14,581,636      
PEO Actually Paid Compensation Amount $ 13,440,517      
PEO Name Mses. Dolan      
Christina Spade [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   $ 21,357,041    
PEO Actually Paid Compensation Amount   18,097,463    
PEO Name Spade      
Matthew Blank [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   4,879,333 $ 6,967,220  
PEO Actually Paid Compensation Amount   3,804,768 5,970,285  
PEO Name Messrs. Blank      
Josh Sapan [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount     15,254,942 $ 11,849,849
PEO Actually Paid Compensation Amount     20,988,019 8,931,317
PEO Name Sapan      
PEO | Kristin Dolan [Member] | Fair Value Of Equity Awards Granted During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (8,816,270)      
PEO | Kristin Dolan [Member] | Fair Value Of Equity Compensation Granted In Current Year Value At End Of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,675,151      
PEO | Christina Spade [Member] | Fair Value Of Equity Awards Granted During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (7,412,144)    
PEO | Christina Spade [Member] | Fair Value Of Equity Compensation Granted In Current Year Value At End Of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   4,695,538    
PEO | Christina Spade [Member] | Change In Fair Value For End Of Prior Fiscal Year To Vesting Date For Awards Made In Prior Fiscal Years That Vested During Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (103,654)    
PEO | Christina Spade [Member] | Change In Fair Value From End Of Prior Fiscal Year To End Of Current Fiscal Year For Awards Made In Prior Fiscal Years That Were Unvested At End Of Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (439,318)    
PEO | Matthew Blank [Member] | Fair Value Of Equity Awards Granted During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     (4,514,809)  
PEO | Matthew Blank [Member] | Fair Value Of Equity Compensation Granted In Current Year Value At End Of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     3,517,874  
PEO | Matthew Blank [Member] | Change In Fair Value For End Of Prior Fiscal Year To Vesting Date For Awards Made In Prior Fiscal Years That Vested During Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (1,074,565)    
PEO | Josh Sapan [Member] | Fair Value Of Equity Awards Granted During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     (7,832,256) (5,551,125)
PEO | Josh Sapan [Member] | Fair Value Of Equity Compensation Granted In Current Year Value At End Of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     3,430,534 7,286,742
PEO | Josh Sapan [Member] | Change In Fair Value For End Of Prior Fiscal Year To Vesting Date For Awards Made In Prior Fiscal Years That Vested During Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     10,531,274 (3,197,081)
PEO | Josh Sapan [Member] | Change In Fair Value From End Of Prior Fiscal Year To End Of Current Fiscal Year For Awards Made In Prior Fiscal Years That Were Unvested At End Of Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     (396,475) (1,457,069)
Non-PEO NEO | Fair Value Of Equity Awards Granted During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 777,556 581,400 1,461,208 801,291
Non-PEO NEO | Fair Value Of Equity Compensation Granted In Current Year Value At End Of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 793,605 288,261 702,004 726,519
Non-PEO NEO | Change In Fair Value For End Of Prior Fiscal Year To Vesting Date For Awards Made In Prior Fiscal Years That Vested During Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 53,839 (65,843) 687,640 (256,673)
Non-PEO NEO | Change In Fair Value From End Of Prior Fiscal Year To End Of Current Fiscal Year For Awards Made In Prior Fiscal Years That Were Unvested At End Of Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 53,526 $ (1,032,816) $ (71,393) (145,602)
Non-PEO NEO | Fair Value Of Awards Forfeited In Current Fiscal Year Determined At End Of Prior Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       $ (1,018,461)