SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of segment financial information

Segment financial information is included in the following tables for the periods presented (in millions):

As of March 31, 2020	Local News and Marketing Services		Sports		Other & Corporate		Eliminations			Consolidated
Assets	$	4,758	$	10,846	$	1,774	$	(18	)	$	17,360

For the three months ended March 31, 2020	Local News and Marketing Services			Sports		Other & Corporate			Eliminations				Consolidated
Revenue	$	701		$	812	$	128		$	(32	)	(b)	$	1,609
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58			110		6			—				174
Amortization of sports programming rights (a)	—			391		—			—				391
Amortization of program contract costs and net realizable value adjustments	23			—		—			—				23
Corporate general and administrative expenses	44			2		3			—				49
Gain on asset dispositions and other, net of impairment	(32		)	—		—			—				(32		)
Operating income (loss)	152			165		19			(9		)		327
Interest expense including amortization of debt discount and deferred financing costs	1			123		59			(3		)		180
Income (loss) from equity method investments	—			6		(12		)	—				(6		)

For the three months ended March 31, 2019	Local News and Marketing Services			Sports		Other & Corporate			Eliminations			Consolidated
Revenue	$	619		$	—	$	107		$	(4	)	$	722
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	63			—		3			—			66
Amortization of program contract costs and net realizable value adjustments	24			—		—			—			24
Corporate general and administrative expenses	26			—		2			—			28
Gain on asset dispositions and other, net of impairment	(8		)	—		—			—			(8		)
Operating income (loss)	95			—		2			(3		)	94
Interest expense including amortization of debt discount and deferred financing costs	1			—		57			(4		)	54
Loss from equity method investments	—			—		(14		)	—			(14		)

(a) The amortization of sports programming rights is included within media programming and production expenses on our consolidated statements of operations. Due to the outbreak of COVID-19 and postponement of professional sports leagues, we stopped recording amortization of our sports contracts during the month of March 2020.

(b) Includes $24 million of revenue and selling, general, and administrative expenses, respectively, for services provided by local news and marketing services to sports and other, which are eliminated in consolidation.