XML 57 R45.htm IDEA: XBRL DOCUMENT v3.23.1
SEGMENT DATA - Segment Financial Information (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 01, 2022
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Segment data        
Assets [1]   $ 6,436   $ 6,704
Revenue   773 $ 1,288  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets   65 121  
Amortization of sports programming rights   0 326  
Amortization of program contract costs   22 25  
Corporate general and administrative expenses   58 47  
Gain on deconsolidation of subsidiary $ (3,357) 0 (3,357)  
(Gain) loss on asset dispositions and other, net of impairment   6 (5)  
Operating income (loss)   21 3,466  
Interest expense including amortization of debt discount and deferred financing costs   74 115  
Income from equity method investments   31 12  
Note receivable   193   193
Notes Receivable of Diamond Sports Finance SPV, LLC | Affiliated Entity        
Segment data        
Note receivable   193   $ 193
Broadcast        
Segment data        
Intersegment revenues   1 24  
Revenue from related parties   10 5  
Operating Segments | Broadcast        
Segment data        
Assets   4,379    
Revenue   676 721  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets   59 60  
Amortization of sports programming rights     0  
Amortization of program contract costs   17 20  
Corporate general and administrative expenses   33 43  
Gain on deconsolidation of subsidiary     0  
(Gain) loss on asset dispositions and other, net of impairment   (2) (5)  
Operating income (loss)   51 97  
Interest expense including amortization of debt discount and deferred financing costs   1 1  
Income from equity method investments   0 0  
Operating Segments | Local sports        
Segment data        
Revenue     482  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets     54  
Amortization of sports programming rights     326  
Amortization of program contract costs     0  
Corporate general and administrative expenses     1  
Gain on deconsolidation of subsidiary     0  
(Gain) loss on asset dispositions and other, net of impairment     0  
Operating income (loss)     (4)  
Interest expense including amortization of debt discount and deferred financing costs     72  
Income from equity method investments     10  
Other & Corporate        
Segment data        
Assets   2,057    
Revenue   104 134  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets   7 8  
Amortization of sports programming rights     0  
Amortization of program contract costs   5 5  
Corporate general and administrative expenses   25 3  
Gain on deconsolidation of subsidiary     (3,357)  
(Gain) loss on asset dispositions and other, net of impairment   8 0  
Operating income (loss)   (30) 3,372  
Interest expense including amortization of debt discount and deferred financing costs   76 47  
Income from equity method investments   31 2  
Intersegment revenues   5 22  
Eliminations        
Segment data        
Assets   0    
Revenue   (7) (49)  
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets   (1) (1)  
Amortization of sports programming rights     0  
Amortization of program contract costs   0 0  
Corporate general and administrative expenses   0 0  
Gain on deconsolidation of subsidiary     0  
(Gain) loss on asset dispositions and other, net of impairment   0 0  
Operating income (loss)   0 1  
Interest expense including amortization of debt discount and deferred financing costs   (3) (5)  
Income from equity method investments   $ 0 $ 0  
[1] Our consolidated total assets as of March 31, 2023 and December 31, 2022 include total assets of variable interest entities ("VIE") of $83 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2023 and December 31, 2022 include total liabilities of VIEs of $17 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.