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SEGMENT DATA
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA:
 
We measure segment performance based on operating income (loss). We have two reportable segments: local news and sports. Our local news segment, previously disclosed as our broadcast segment, provides free over-the-air programming to television viewing audiences and includes stations in 89 markets located throughout the continental United States. Our sports segment provides viewers with live professional sports content and includes 23 regional sports network brands. Other and Corporate are not reportable segments but are included for reconciliation purposes. Other primarily consists of original networks and content, including Tennis, non-broadcast digital and internet solutions, technical services, and other non-media investments. Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location. All of our businesses are located within the United States. 
 
For the three and nine months ended September 30, 2019, local news and sports excluded $9 million of revenue and selling, general, and administrative expenses, respectively, for services provided by local news to sports, which are eliminated in consolidation. We had $3 million and $4 million in intercompany interest expense related to intercompany loans between other and corporate for the three months ended September 30, 2019 and 2018, respectively. We had $10 million and $12 million in intercompany interest expense related to intercompany loans between other and corporate for the nine months ended September 30, 2019 and 2018, respectively.
 
Segment financial information is included in the following tables for the periods presented (in millions):
As of September 30, 2019
 
Local News
 
Sports
 
Other
 
Corporate
 
Consolidated
Assets
 
$
4,868

 
$
11,815

 
$
706

 
$
390

 
$
17,779

For the three months ended September 30, 2019
 
Local News
 
Sports
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
651

 
$
352

 
$
122

 
$
—

 
$
1,125

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
60

 
54

 
6

 
—

 
120

Amortization of program contract costs and net realizable value adjustments
 
22

 
—

 
—

 
—

 
22

Corporate general and administrative expenses
 
23

 
92

 
—

 
122

 
237

Gain on asset dispositions and other, net of impairment
 
(28
)
 
—

 
—

 
(7
)
 
(35
)
Operating income (loss)
 
146

 
(47
)
 
9

 
(114
)
 
(6
)
Interest expense
 
1

 
73

 
—

 
55

 
129

Income (loss) from equity method investments
 
—

 
1

 
(13
)
 
—

 
(12
)
For the three months ended September 30, 2018
 
Local News
 
Sports
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
679

 
$
—

 
$
87

 
$
—

 
$
766

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
62

 
—

 
8

 
—

 
70

Amortization of program contract costs and net realizable value adjustments
 
24

 
—

 
—

 
—

 
24

Corporate general and administrative expenses
 
32

 
—

 
—

 
2

 
34

Gain on asset dispositions and other, net of impairment
 
(11
)
 
—

 
—

 
—

 
(11
)
Operating income (loss)
 
170

 
—

 
(9
)
 
(3
)
 
158

Interest expense
 
2

 
—

 
—

 
74

 
76

Loss from equity method investments
 
—

 
—

 
(14
)
 
—

 
(14
)
For the nine months ended September 30, 2019
 
Local News
 
Sports
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
1,930

 
$
352

 
$
336

 
$
—

 
$
2,618

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
182

 
54

 
16

 
—

 
252

Amortization of program contract costs and net realizable value adjustments
 
68

 
—

 
—

 
—

 
68

Corporate general and administrative expenses
 
82

 
92

 
1

 
142

 
317

(Gain) loss on asset dispositions and other, net of impairment
 
(51
)
 
—

 
1

 
(7
)
 
(57
)
Operating income (loss)
 
376

 
(47
)
 
(1
)
 
(135
)
 
193

Interest expense
 
4

 
73

 
1

 
159

 
237

Income (loss) income from equity method investments
 
—

 
1

 
(39
)
 
—

 
(38
)
For the nine months ended September 30, 2018
 
Local News
 
Sports
 
Other
 
Corporate
 
Consolidated
Revenue
 
$
1,917

 
$
—

 
$
245

 
$
—

 
$
2,162

Depreciation of property and equipment and amortization of definite-lived intangibles and other assets
 
184

 
—

 
22

 
—

 
206

Amortization of program contract costs and net realizable value adjustments
 
76

 
—

 
—

 
—

 
76

Corporate general and administrative expenses
 
80

 
—

 
1

 
8

 
89

(Gain) loss on asset dispositions and other, net of impairment
 
(97
)
(b)
—

 
60

(a)
—

 
(37
)
Operating income (loss)
 
487

(b)
—

 
(82
)
(a)
(8
)
 
397

Interest expense
 
4

 
—

 
1

 
233

 
238

(Loss) income from equity method investments
 
—

 
—

 
(45
)
 
1

 
(44
)
 

(a)
Includes a $60 million impairment to the carrying value of a consolidated real estate venture.
(b)
Includes a gain of $83 million related to the auction proceeds. See Note 2. Acquisitions and Dispositions of Assets.