Gray Television (GTN) 10-K 24 Feb 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 17, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000043196
Entity Registrant Name	GRAY TELEVISION INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-13796
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-0285030
Entity Address, Address Line One	4370 Peachtree Road, NE
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30319
City Area Code	404
Local Phone Number	504-9828
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,386,407,349
Auditor Name	RSM US LLP
Auditor Firm ID	49
Auditor Location	Atlanta, Georgia
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A common stock (no par value)
Trading Symbol	GTN.A
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		7,477,241
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	common stock (no par value)
Trading Symbol	GTN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		85,349,862

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets:
Cash	$ 61	$ 189
Accounts receivable, less allowance for credit losses of $16 and $16, respectively	650	624
Current portion of program broadcast rights, net	27	35
Income tax refunds receivable	22	21
Prepaid income taxes	43	40
Prepaid and other current assets	54	54
Total current assets	857	963
Property and equipment, net	1,466	1,165
Operating lease right of use asset	75	70
Broadcast licenses	5,331	5,303
Goodwill	2,663	2,649
Other intangible assets, net	636	825
Investments in broadcasting and technology companies	105	117
Deferred pension assets	5	0
Other	14	16
Total assets	11,152	11,108
Liabilities and stockholders’ equity:
Accounts payable	55	59
Employee compensation and benefits	98	97
Accrued interest	60	52
Accrued network programming fees	39	34
Other accrued expenses	50	44
Federal and state income taxes	15	10
Current portion of program broadcast obligations	29	37
Deferred revenue	24	14
Dividends payable	14	13
Current portion of operating lease liabilities	10	9
Current portion of long-term debt	15	15
Total current liabilities	409	384
Long-term debt, less deferred financing costs	6,440	6,740
Program broadcast obligations, less current portion	1	5
Deferred income taxes	1,454	1,471
Accrued pension costs	0	24
Operating lease liabilities, less current portion	68	63
Other	14	14
Total liabilities	8,386	8,701
Commitments and contingencies (Note 12)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date and $650 aggregate liquidation value, at each date	650	650
Stockholders’ equity:
Retained earnings	1,242	869
Accumulated other comprehensive loss	(12)	(27)
Stockholders' equity before treasury stock	2,425	2,008
Total stockholders’ equity	2,116	1,757
Total liabilities and stockholders’ equity	11,152	11,108
Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	1,150	1,127
Treasury stock at cost	(278)	(223)
Class A Common Stock (No Par Value) [Member]
Stockholders’ equity:
Common stock	45	39
Treasury stock at cost	$ (31)	$ (28)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounts receivable, allowance for credit losses	$ 16	$ 16
Series A Perpetual Preferred Stock, par value (in dollars per share)	$ 0	$ 0
Series A Perpetual Preferred Stock, shares authorized (in shares)	1,500,000	1,500,000
Series A Perpetual Preferred Stock, shares issued (in shares)	650,000	650,000
Series A Perpetual Preferred Stock, shares outstanding (in shares)	650,000	650,000
Series A Perpetual Preferred Stock, liquidation value	$ 650	$ 650
Common stock, shares authorized (in shares)	200,000,000
Common Stock (No Par Value) [Member]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	105,104,057	104,286,324
Common stock, shares outstanding (in shares)	85,467,271	87,539,056
Treasury stock (in shares)	19,636,786	16,747,268
Class A Common Stock (No Par Value) [Member]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	9,675,139	9,424,691
Common stock, shares outstanding (in shares)	7,544,415	7,426,512
Treasury stock (in shares)	2,130,724	1,998,179

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue (less agency commissions)	$ 3,676,000	$ 2,413,000	$ 2,381,000
Operating expenses before depreciation, amortization, and (gain) loss on disposals of assets, net:
Depreciation	129,000	104,000	96,000
Amortization of intangible assets	207,000	117,000	105,000
(Gain) loss on disposal of assets, net	(2,000)	42,000	(29,000)
Operating expenses, net	2,686,000	2,032,000	1,629,000
Operating income	990,000	381,000	752,000
Other expense:
Miscellaneous expense, net	(4,000)	(8,000)	(5,000)
Impairment of investment	(18,000)	0	0
Interest expense	(354,000)	(205,000)	(191,000)
Loss on early extinguishment of debt	0	0	(12,000)
Income before income taxes	614,000	168,000	544,000
Income tax expense	159,000	78,000	134,000
Net income	455,000	90,000	410,000
Preferred stock dividends	52,000	52,000	52,000
Net income attributable to common stockholders	$ 403,000	$ 38,000	$ 358,000
Basic per share information:
Net income attributable to common stockholders (in dollars per share)	$ 4.38	$ 0.40	$ 3.73
Weighted average shares outstanding (in shares)	92	95	96
Diluted per share information:
Net income attributable to common stockholders (in dollars per share)	$ 4.33	$ 0.40	$ 3.69
Weighted average shares outstanding (in shares)	93	95	97
Dividends declared per common share (in dollars per share)	$ 0.32	$ 0.32	$ 0
Broadcasting, Segment [Member]
Revenue (less agency commissions)	$ 3,583,000	$ 2,340,000	$ 2,320,000
Operating expenses before depreciation, amortization, and (gain) loss on disposals of assets, net:
Cost of goods and services sold	2,165,000	1,548,000	1,340,000
Operating expenses, net	2,484,000	1,795,000	1,495,000
Operating income	1,099,000	545,000	825,000
Other expense:
Interest expense	0	0	0
Production Companies, Segment [Member]
Revenue (less agency commissions)	93,000	73,000	61,000
Operating expenses before depreciation, amortization, and (gain) loss on disposals of assets, net:
Cost of goods and services sold	83,000	62,000	52,000
Operating expenses, net	95,000	74,000	66,000
Operating income	(2,000)	(1,000)	(5,000)
Other expense:
Interest expense	0	0	0
Other Segments [Member]
Operating expenses before depreciation, amortization, and (gain) loss on disposals of assets, net:
Corporate and administrative	104,000	159,000	65,000
Depreciation	129,000	104,000	96,000
Amortization of intangible assets	$ 207,000	$ 117,000	$ 105,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net income	$ 455	$ 90	$ 410
Other comprehensive income (loss):
Adjustment to pension liability	20	16	(10)
Income tax expense (benefit) of adjustment to pension liability	5	4	(2)
Other comprehensive income (loss)	15	12	(8)
Comprehensive income	$ 470	$ 102	$ 402

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Restricted Stock [Member] Common Stock [Member] Common Class A [Member]	Restricted Stock [Member] Common Stock [Member]	Restricted Stock [Member] Retained Earnings [Member]	Restricted Stock [Member] Treasury Stock [Member] Common Class A [Member]	Restricted Stock [Member] Treasury Stock [Member]	Restricted Stock [Member] AOCI Attributable to Parent [Member]	Restricted Stock [Member]	Restricted Stock Units (RSUs) [Member] Common Stock [Member] Common Class A [Member]	Restricted Stock Units (RSUs) [Member] Common Stock [Member]	Restricted Stock Units (RSUs) [Member] Retained Earnings [Member]	Restricted Stock Units (RSUs) [Member] Treasury Stock [Member] Common Class A [Member]	Restricted Stock Units (RSUs) [Member] Treasury Stock [Member]	Restricted Stock Units (RSUs) [Member] AOCI Attributable to Parent [Member]	Restricted Stock Units (RSUs) [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock [Member] Common Class A [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2019															8,768,959	101,746,860		(1,887,767)	(9,088,498)
Balance at Dec. 31, 2019															$ 31	$ 1,093	$ 504	$ (26)	$ (107)	$ (31)	$ 1,464
Net income															0	0	410	0	0	0	410
Preferred stock dividends															0	0	(52)	0	0	0	(52)
Adjustment to pension liability, net of income tax															$ 0	$ 0	0	$ 0	$ 0	(8)	(8)
401(k) Plan (in shares)															0	430,899		0	0
401(k) Plan															$ 0	$ 4	0	$ 0	$ 0	0	4
2007 Long Term Incentive Plan - stock options exercised (in shares)															0	274,746		0	(154,935)
2007 Long Term Incentive Plan - stock options exercised															$ 0	$ 0	0	$ 0	$ (2)	0	(2)
Restricted stock awards (in shares)	166,814	359,481		0	(146,716)			0	374,500		0	(112,564)
Restricted stock awards	$ 0	$ 0	$ 0	$ 0	$ (2)	$ 0	$ (2)	$ 0	$ 0	$ 0	$ 0	$ (2)	$ 0	$ (2)
Forfeiture of restricted stock awards (in shares)															0	(85,630)		0	0
Forfeiture of restricted stock awards															$ 0	$ 0	0	$ 0	$ 0	0	0
Repurchase of common stock (in shares)															0	0		0	(5,457,884)
Repurchase of common stock															$ 0	$ 0	0	$ 0	$ (75)	0	(75)
Stock-based compensation															$ 3	$ 13	0	$ 0	$ 0	0	16
Balance (in shares) at Dec. 31, 2020															8,935,773	103,100,856		(1,887,767)	(14,960,597)
Balance at Dec. 31, 2020															$ 34	$ 1,110	862	$ (26)	$ (188)	(39)	1,753
Net income															0	0	90	0	0	0	90
Preferred stock dividends															0	0	(52)	0	0	0	(52)
Adjustment to pension liability, net of income tax															$ 0	$ 0	0	$ 0	$ 0	12	12
401(k) Plan (in shares)															0	394,044		0	0
401(k) Plan															$ 0	$ 8	0	$ 0	$ 0	0	8
Restricted stock awards (in shares)	488,918	731,374		(110,412)	(267,308)			0	60,050		0	(18,275)
Restricted stock awards	$ 0	$ 0	0	$ (2)	$ (5)	0	(7)	$ 0	$ 0	0	$ 0	$ 0	0	0
Repurchase of common stock (in shares)															0	0		0	(1,501,088)
Repurchase of common stock															$ 0	$ 0	0	$ 0	$ (30)	0	(30)
Stock-based compensation															5	9	0	0	0	0	14
Common stock dividends															$ 0	$ 0	(31)	$ 0	$ 0	0	(31)
Balance (in shares) at Dec. 31, 2021															9,424,691	104,286,324		(1,998,179)	(16,747,268)
Balance at Dec. 31, 2021															$ 39	$ 1,127	869	$ (28)	$ (223)	(27)	1,757
Net income															0	0	455	0	0	0	455
Preferred stock dividends															0	0	(52)	0	0	0	(52)
Adjustment to pension liability, net of income tax															$ 0	$ 0	0	$ 0	$ 0	15	15
401(k) Plan (in shares)															0	307,885		0	0
401(k) Plan															$ 0	$ 7	0	$ 0	$ 0	0	7
Restricted stock awards (in shares)	250,448	400,927		(132,545)	(210,367)			0	108,921		0	(32,958)
Restricted stock awards	$ 0	$ 0	$ 0	$ (3)	$ (4)	$ 0	$ (7)	$ 0	$ 0	$ 0	$ 0	$ (1)	$ 0	$ (1)
Stock-based compensation															6	16	0	0	0	0	22
Common stock dividends															$ 0	$ 0	(30)	$ 0	$ 0	0	(30)
Balance (in shares) at Dec. 31, 2022															9,675,139	105,104,057		(2,130,724)	(19,636,786)
Balance at Dec. 31, 2022															$ 45	$ 1,150	$ 1,242	$ (31)	$ (278)	$ (12)	$ 2,116

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 455,000	$ 90,000	$ 410,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	129,000	104,000	96,000
Amortization of intangible assets	207,000	117,000	105,000
Amortization of deferred loan costs	16,000	12,000	12,000
Accretion of original issue discount and premium related to long-term debt, net	(1,000)	(1,000)	(1,000)
Amortization of restricted stock awards	22,000	14,000	16,000
Amortization of program broadcast rights	48,000	38,000	38,000
Payments on program broadcast obligations	(49,000)	(38,000)	(39,000)
Common stock contributed to 401(k) plan	9,000	8,000	6,000
Deferred income taxes	(20,000)	(22,000)	75,000
(Gain) loss on disposal of assets, net	(2,000)	42,000	(29,000)
Loss on early extinguishment of debt	0	0	12,000
Impairment of investments	18,000	0	0
Other	0	(14,000)	12,000
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(26,000)	(30,000)	(14,000)
Income tax receivable or prepaid	(4,000)	(40,000)	(21,000)
Other current assets	0	10,000	(36,000)
Accounts payable	(5,000)	22,000	(1,000)
Employee compensation, benefits and pension costs	3,000	21,000	(16,000)
Accrued network fees and other expenses	6,000	(27,000)	7,000
Accrued interest	8,000	14,000	0
Income taxes payable	5,000	(8,000)	7,000
Deferred revenue	10,000	(12,000)	13,000
Net cash provided by operating activities	829,000	300,000	652,000
Cash flows from investing activities:
Acquisitions of television businesses and licenses, net of cash acquired	(58,000)	(3,765,000)	(91,000)
Proceeds from sale of television stations	0	473,000	0
Purchases of property and equipment	(436,000)	(207,000)	(110,000)
Proceeds from Repack reimbursement (Note 1)	7,000	11,000	29,000
Proceeds from asset sales	4,000	5,000	9,000
Investments in broadcast, production and technology companies	(16,000)	(49,000)	(48,000)
Other	(4,000)	(2,000)	0
Net cash used in investing activities	(503,000)	(3,534,000)	(211,000)
Cash flows from financing activities:
Borrowings - long-term debt	0	2,800,000	800,000
Repayments - long-term debt	(315,000)	0	(525,000)
Borrowings - revolving credit facility	0	250,000	0
Repayments - revolving credit facility	0	(250,000)	0
Repurchases of common stock	(50,000)	(30,000)	(75,000)
Common stock dividends	(30,000)	(31,000)	0
Preferred stock dividends	(52,000)	(52,000)	(52,000)
Deferred and other loan costs	0	(30,000)	(22,000)
Payments for taxes related to net share settlement of equity awards	(7,000)	(7,000)	(6,000)
Net cash provided by (used in) financing activities	(454,000)	2,650,000	120,000
Net (decrease) increase in cash	(128,000)	(584,000)	561,000
Cash at beginning of year	189,000	773,000	212,000
Cash at end of year	$ 61,000	$ 189,000	$ 773,000

Note 1 - Description of Busines

Note 1 - Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Description of Business and Summary of Significant Accounting Policies Overview. first second Investments in Broadcasting, Production and Technology Companies. may Investments in non-public businesses that do not not not December 31, 2022, one December 31, 2021 2020. Use of Estimates. Allowance for Credit Losses. December 31, 2022, 2021 2020, Our allowance for credit losses is an estimate of expected losses over the remaining contractual life of our receivables based on an ongoing analysis of collectability, historical collection experience, current economic and industry conditions and reasonable and supportable forecasts. The allowance is calculated using a historical loss rate applied to the current aging analysis. We may The following table provides a roll-forward of the allowance for credit losses. The allowance is deducted from the amortized cost basis of accounts receivable in our consolidated balance sheets (in millions): Year Ended December 31, 2022 2021 Beginning balance $ 16 $ 10 Allowance obtained through acquisition - 3 Provision for credit losses 1 4 Amounts written off (1 ) (1 ) Ending balance $ 16 $ 16 Program Broadcast Rights. two first Wheel of Fortune The Big Bang Theory not first first not The total license fee payable under a program license agreement allowing us to broadcast programs is recorded at the beginning of the license period and is charged to operating expense over the period that the programs are broadcast. The portion of the unamortized balance expected to be charged to operating expense in the succeeding year is classified as a current asset, with the remainder classified as a non-current asset. The liability for license fees payable under program license agreements is classified as current or long-term, in accordance with the payment terms of the various license agreements. Property and Equipment. Estimated December 31, Useful Lives 2022 2021 (in years) Property and equipment, net: Land $ 290 $ 277 Buildings and improvements 477 453 7 to 40 Equipment 1,027 961 3 to 20 Construction in progress 362 63 2,156 1,754 Accumulated depreciation (690 ) (589 ) Total $ 1,466 $ 1,165 Maintenance, repairs and minor replacements are charged to operations as incurred; major replacements and betterments are capitalized. The cost of any assets divested, sold or retired and the related accumulated depreciation are removed from the accounts at the time of disposition, and any resulting gain or loss is reflected in income or expense for the period. The following tables provide additional information related to gain on disposal of assets, net included in our consolidated statements of operations and purchases of property and equipment included in our consolidated statements of cash flows (in millions): Year ended December 31, 2022 2021 2020 Gain (loss) on disposal of assets, net: Proceeds from sale of assets $ 4 $ 478 $ 9 Proceeds from Repack 7 11 29 Net book value of assets disposed (9 ) (531 ) (9 ) Total $ 2 $ (42 ) $ 29 Purchase of property and equipment: Recurring purchases - operations $ 170 $ 90 $ 87 Assembly Atlanta development 264 109 - Repack 2 8 23 Total $ 436 $ 207 $ 110 Deferred Loan Costs. Asset Retirement Obligations. 2062. December 31, 2022 2021, December 31, 2022, 2021 2020, not Concentration of Credit Risk. not We derived a material portion of our non-political broadcast advertising revenue from advertisers in a limited number of industries, particularly the services sector, comprising financial, legal and medical advertisers, and the automotive industry. The services sector has become an increasingly important source of advertising revenue over the past few years. During the years ended December 31, 2022, 2021 2020 December 31, 2022, 2021 2020 no one 5% Earnings Per Share. not not The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding for the years ended December 31, 2022, 2021 2020 Year Ended December 31, 2022 2021 2020 Weighted average shares outstanding, basic 92 95 96 Weighted average shares underlying stock options and restricted shares 1 - 1 Weighted average shares outstanding, diluted 93 95 97 Valuation of Broadcast Licenses, Goodwill and Other Intangible Assets. For broadcast licenses acquired prior to January 1, 2002, For broadcast licenses acquired after December 31, 2001, December 31, 2001, When renewing broadcast licenses, we incur regulatory filing fees and legal fees. We expense these fees as they are incurred. Goodwill represents the excess of acquisition cost over the fair value of assets acquired, identifiable intangible assets, less liabilities assumed in business combination transactions. Goodwill is tested for impairment on an annual basis (at year end) or between annual tests if events or changes in circumstances indicate that the fair value of a reporting unit may Other intangible assets that we have acquired include network affiliation agreements, retransmission agreements, advertising contracts, client lists, talent contracts and leases. Although each of our stations is affiliated with at least one Impairment Testing of Indefinite-Lived Intangible Assets. December 31. For purposes of testing goodwill for impairment, our broadcast television stations as a whole, and each of our production companies, is considered a separate reporting unit. In the performance of our annual assessment of goodwill for impairment, we have the option to qualitatively assess whether it is more likely than not If we conclude that it is more likely than not not To estimate the fair value of our reporting units for a quantitative assessment, we utilize a discounted cash flow model supported by a market multiple approach. We believe that a discounted cash flow analysis is the most appropriate methodology to test the recorded value of long-term assets with a demonstrated long-lived/enduring franchise value. We believe the results of the discounted cash flow and market multiple approaches provide reasonable estimates of the fair value of our reporting units because these approaches are based on our actual results and reasonable estimates of future performance, and also take into consideration a number of other factors deemed relevant by us including, but not one In the performance of our annual assessment of broadcast licenses for impairment we have the option to qualitatively assess whether it is more likely than not not one no not For further discussion of our goodwill, broadcast licenses and other intangible assets, see Note 13 Accumulated Other Comprehensive Loss. December 31, 2022 2021 December 31, 2022 2021 Items included in accumulated other comprehensive loss: Decrease in pension liability $ (16 ) $ (36 ) Income tax on decrease in pension liability (4 ) (9 ) Accumulated other comprehensive loss $ (12 ) $ (27 ) Recent Accounting Pronouncements. March 2020, 2020 04, Reference Rate Reform (Topic 848 January 2021, 2020 04, 2021 01, Reference Rate Reform (Topic 848 848. may March 12, 2020, December 2022, 2022 06, Reference Rate Reform (Topic 848 848. 848 June 30, 2023. not In addition to the accounting standards described above, certain amounts in the consolidated statements of cash flows have also been reclassified to conform to the current presentation.

Note 2 - Revenue

Note 2 - Revenue	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. Revenue Revenue Recognition. Advertising Revenue. 30 We broadcast the customer’s advertisement either preceding or following a television station’s network programming and within local and syndicated programming. Broadcast advertising is sold in time increments and is priced primarily on the basis of a program’s popularity among the specific audience an advertiser desires to reach. In addition, broadcast advertising rates are affected by the number of advertisers competing for the available time, the size and demographic makeup of the market served by the station and the availability of alternative advertising media in the market area. Broadcast advertising rates are generally the highest during the most desirable viewing hours, with corresponding reductions during other hours. The ratings of a local station affiliated with a major network can be affected by ratings of network programming. Internet advertising is placed on our stations’ websites and mobile applications. These advertisements may We generate advertising revenue either by the efforts of our direct sales employees or through third Retransmission Consent Revenue. three 30 Subscriber data necessary to calculate the amount of retransmission consent revenue to be recognized for the current month is not not not Production Company Revenue. Other Revenues. one Expedients. one one The nature of our contracts with advertising customers is such that our performance obligations arise and are satisfied concurrent with the broadcast or web placement of the advertisement. We did not We record a deposit liability for cash deposits received from our customers that are to be applied as payment once the performance obligation arises and is satisfied in the manner stated above. These deposits are recorded as deposit liabilities on our balance sheet. When we invoice our customers for completed performance obligations, we are unconditionally entitled to receive payment of the invoiced amounts. Therefore, we record invoiced amounts in accounts receivable on our balance sheet. We require amounts payable under advertising contracts with our political advertising customers to be paid for in advance. We record the receipt of this cash as a deposit liability. Once the advertisement has been broadcast, the revenue is earned, and we record the revenue and reduce the balance in this deposit liability account. We recorded $13 million of revenue in the year ended December 31, 2022 December 31, 2021. December 31, 2022 2021, Disaggregation of Revenue. Year Ended December 31, 2022 2021 2020 Market and service type: Advertising: Core $ 1,496 $ 1,190 $ 969 Political 515 44 430 Total advertising 2,011 1,234 1,399 Retransmission consent 1,496 1,049 867 Production companies 93 73 61 Other 76 57 54 Total revenue $ 3,676 $ 2,413 $ 2,381 Sales channel: Direct $ 2,163 $ 1,579 $ 1,302 Advertising agency intermediary 1,513 834 1,079 Total revenue $ 3,676 $ 2,413 $ 2,381

Note 3 - Acquisitions and Dives

Note 3 - Acquisitions and Divestitures	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	3. Acquisitions and Divestitures During 2022, 2021 2020, third 2022 On April 1, 2022, 6 The following table summarizes the values of the assets acquired and resulting goodwill of the Telemundo Atlanta Transaction (in millions): Accounts receivable, net $ 1 Property and equipment 1 Goodwill 10 Broadcast licenses 1 Network affiliation 14 Other intangible assets 4 Total $ 31 These amounts are based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches. In determining the fair value of the acquired assets and assumed liabilities, the fair values were determined based on, among other factors, expected future revenue and cash flows, expected future growth rates, and estimated discount rates. Property and equipment are recorded at their fair value and are being depreciated over their estimated useful lives ranging from 3 to 40 years. Amounts related to network affiliation and other intangible assets are being amortized over their estimated useful lives of approximately 1 to 4 years. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and liabilities assumed, and represents the future economic benefits expected to arise from other intangible assets acquired that do not In addition, we acquired broadcast licenses totaling approximately $27 million that did not 2021 Meredith Transaction. December 1, 2021, September 23, 2021, 66 The following table lists the 17 12 11 Then-Current Station Call Network DMA Rank DMA Letters Affiliations 10 Atlanta, GA WCGL/WPCH CBS/Ind. 12 Phoenix, AZ KPHO/KTVK CBS/Ind. 23 St. Louis, MO KMOV CBS 26 Portland, OR KPTV/KPDX FOX/MY 28 Nashville, TN WSMV NBC 29 Hartford - New Haven, CT WFSB CBS 32 Kansas City, MO KCTV/KSMO CBS/MY 38 Greenville - Spartanburg, SC WHNS FOX 41 Las Vegas, NV KVVU FOX 60 Mobile, AL - Pensacola, FL WALA FOX 66 Flint - Saginaw, MI WNEM CBS 113 Springfield, MA WGGB/WSHM ABC/FOX/CBS Quincy Transaction. August 2, 2021, August 2, 2021, seven December 31, 2021. The following table lists the stations acquired and retained, net of divestitures: Then-Current Station Call Network DMA Rank DMA Letters Affiliations 103 Fort Wayne, IN WPTA/WISE ABC/NBC/CW 119 Peoria, IL WEEK NBC/ABC/CW 134 Duluth, MN, Superior, WI KBJR/KDLH NBC/CBS/CW 147 Sioux City, IA KTIV NBC/CW 152 Binghamton, NY WBNG CBS/CW 153 Rochester, MN - Mason City, IA KTTC NBC/CW 161 Bluefield-Beckley, WV WVVA NBC/CW 174 Quincy, IL WGEM NBC/FOX/CW The following stations were acquired and divested in the Quincy Transaction: Then-Current Station Call Network DMA Rank DMA Letters Affiliations 76 Madison, WI WKOW ABC 80 Tucson, AZ KVOA NBC 92 Paducah, KY - Harrisburg, IL WSIL ABC 94 Cedar Rapids, IA KWWL NBC 128 La Crosse-Eau Claire, WI WXOW ABC 135 Wausau-Stevens Point, WI WAOW ABC 136 Rockford, IL WREX NBC The following table summarizes the allocation of consideration paid in the Quincy Transaction (in millions): Adjusted purchase price $ 936 Less - consideration allocated to assets acquired and liabilities assumed for the Quincy overlap markets that were divested on August 2, 2021 383 Purchase consideration for assets acquired and liabilities assumed, net of divestitures $ 553 Third Rail Acquisition. September 13, 2021, Purchase Price Allocations “2021 Meredith Quincy Third Rail Total Cash $ 1 $ 4 $ - $ 5 Accounts receivable, net 146 23 - 169 Other current assets 15 5 - 20 Property and equipment 235 74 24 333 Operating lease right of use asset 15 1 - 16 Goodwill 1,016 190 4 1,210 Broadcast licenses 1,516 245 - 1,761 Other intangible assets 455 85 - 540 Other non-current assets 3 - - 3 Other current liabilities (104 ) (7 ) (1 ) (112 ) Deferred income taxes (477 ) (66 ) - (543 ) Operating lease liabilities (15 ) (1 ) - (16 ) Other non-current liabilities (3 ) - - (3 ) Total $ 2,803 $ 553 $ 27 $ 3,383 These amounts are based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches. In determining the fair value of the acquired assets and assumed liabilities, the fair values were estimated based on, among other factors, expected future revenue and cash flows, expected future growth rates, and estimated discount rates. Accounts receivable are recorded at their fair value representing the amount we expect to collect. Gross contractual amounts receivable were approximately $3 million more than their recorded fair value. Property and equipment are recorded at their fair value and are being depreciated over their estimated useful lives ranging from three Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and liabilities assumed, and represents the future economic benefits expected to arise from other intangible assets acquired that do not In addition, we acquired broadcast licenses totaling approximately $4 million that did not The Company’s consolidated results of operations for the year ended December 31, 2021 December 1, 2021, August 2, 2021 September 13, 2021. 2021 December 31, 2021 The following table summarizes the approximate “Transaction Related Expenses” incurred in connection with the 2021 December 31, 2021, Year Ended December 31, 2021 Transaction Related Expenses by type: Legal, consulting and other professional fees $ 80 Termination of sales representation and other agreements 1 Total Transaction Related Expenses $ 81 Transaction Related Expenses by financial statement line item: Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net: Broadcasting $ 3 Corporate and administrative 71 Miscellaneous Expense 7 Total Transaction Related Expenses $ 81 Unaudited Pro Forma Financial Information 2021 December 31, 2021, 2021 January 1, 2021 Year Ended December 31, 2021 Revenue (less agency commissions) $ 3,153 Net income $ 199 Net income attributable to common stockholders $ 147 Basic net income attributable to common stockholders, per share $ 1.55 Diluted net income attributable to common stockholders, per share $ 1.55 This pro forma financial information is based on our historical results of operations and the historical results of operations of the businesses acquired, net of divestitures, included in the 2021 not 2021 January 1, 2021, December 31, 2021 2020 Alaska Transactions. July 31, 2020, 148 207, Columbus Transactions. September 1, 2020, 129 Sioux Falls Transactions November 2, 2020, one 115 Lubbock Transactions December 31, 2020, 142 two In addition, we acquired broadcast licenses totaling approximately $5 million that did not The following table summarizes the preliminary values of the assets acquired and resulting goodwill of the Lubbock Transactions, Alaska Transactions, Columbus Transactions and the Sioux Falls Transactions (in millions): 2020 Acquisitions Lubbock Alaska Columbus Sioux Falls Total Accounts receivable and other current assets $ - $ 1 $ - $ - $ 1 Property and equipment 6 5 2 - 13 Operating lease right of use asset 1 - - - 1 Goodwill 6 2 1 11 20 Broadcast licenses 5 2 - - 7 Other intangible assets 7 9 19 11 46 Other current liabilities (1 ) - - - (1 ) Total $ 24 $ 19 $ 22 $ 22 $ 87 These amounts are based upon management’s estimate of the fair values using valuation techniques including income, cost and market approaches. In determining the fair value of the acquired assets and assumed liabilities, the fair values were determined based on, among other factors, expected future revenue and cash flows, expected future growth rates, and estimated discount rates. Property and equipment are recorded at their fair value and are being depreciated over their estimated useful lives ranging from three Amounts related to other intangible assets are being amortized over their estimated useful lives of approximately 1 to 4 years. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and liabilities assumed, and represents the future economic benefits expected to arise from other intangible assets acquired that do not The Company’s consolidated results of operations for year ended December 31, 2020 2020 not Transaction Related Expenses incurred in connection with the 2020 December 31, 2020,

Note 4 - Long-term Debt

Note 4 - Long-term Debt	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	4. Long-term Debt As of December 31, 2022 2021, 2019 2026 “2026 2027 “2027 2030 “2030 2031 “2031 December 31, 2022 2021 Long-term debt: 2019 Senior Credit Facility: 2017 Term Loan (matures February 7, 2024) $ 295 $ 595 2019 Term Loan (matures January 2, 2026) 1,190 1,190 2021 Term Loan (matures December 1, 2028) 1,485 1,500 2026 Notes (matures July 15, 2026) 700 700 2027 Notes (matures May 15, 2027) 750 750 2030 Notes (matures October 15, 2030) 800 800 2031 Notes (matures November 15, 2031) 1,300 1,300 Total outstanding principal 6,520 6,835 Unamortized deferred loan costs - 2017 Term Loan (4 ) (7 ) Unamortized deferred loan costs - 2019 Term Loan (21 ) (27 ) Unamortized deferred loan costs - 2021 Term Loan (4 ) (5 ) Unamortized deferred loan costs - 2026 Notes (4 ) (5 ) Unamortized deferred loan costs - 2027 Notes (7 ) (8 ) Unamortized deferred loan costs - 2030 Notes (11 ) (13 ) Unamortized deferred loan costs - 2031 Notes (16 ) (18 ) Unamortized premium - 2026 Notes 2 3 Less current portion (15 ) (15 ) Long-term debt, less deferred financing costs $ 6,440 $ 6,740 Borrowing availability under Revolving Credit Facility $ 496 $ 497 Borrowings under the the 2021 2019 2017 December 31, 2022, 2021 2019 2017 January 2, 2026, December 1, 2026. As of December 31, 2022, Minimum Principal Maturities 2019 Senior 2026 2027 2030 2031 Year Credit Facility Notes Notes Notes Notes Total 2023 $ 15 $ - $ - $ - $ - $ 15 2024 310 - - - - 310 2025 15 - - - - 15 2026 1,205 700 - - - 1,905 2027 15 - 750 - - 765 Thereafter 1,410 - - 800 1,300 3,510 Total $ 2,970 $ 700 $ 750 $ 800 $ 1,300 $ 6,520 Collateral, Covenants and Restrictions. 2019 2019 no 2026 2027 2030 2031 not 2026 2027 2030 2031 not December 31, 2022, no The 2019 2026 2027 2030 2031 December 31, 2022 2021, Interest Payments. 2022, 2021 2020, December 31, 2022 not December 31, 2021 2020.

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurement	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5. Fair Value Measurement We measure certain assets and liabilities at fair value, which are classified by the FASB Codification within the fair value hierarchy as level 1, 2, 3, ● Level 1: ● Level 2: not ● Level 3: one Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The use of different market assumptions or methodologies could have a material effect on the fair value measurement. The carrying amounts of accounts receivable, prepaid and other current assets, accounts payable, employee compensation and benefits, accrued interest, other accrued expenses, and deferred revenue approximate fair value at both December 31, 2022 2021. The value of our investments in broadcasting and technology companies are classified as Level 3. As of December 31, 2022, December 31, 2021, third 2.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6. Stockholders Equity We are authorized to issue 245 million shares in total of all classes of stock consisting of 25 million shares of class A common stock, 200 million shares of common stock, and 20 million shares of “blank check” preferred stock for which our Board of Directors has the authority to determine the rights, powers, limitations and restrictions. The rights of our common stock and class A common stock are identical, except that our class A common stock has 10 votes per share and our common stock has one Our common stock and Class A common stock are entitled to receive cash dividends if declared, on an equal per-share basis. During the years ended December 31, 2022 2021, December 31, 2020, not On May 5, 2022, 2022 “2022 2022 2017 2022 may, December 31, 2022, 2022 December 31, 2022, “401 During the year ended December 31, 2022, December 31, 2022,

Note 7 - Preferred Stock

Note 7 - Preferred Stock	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Preferred Stock [Text Block]	7. Preferred Stock At December 31, 2022 2021 two With respect to the payment of dividends, the Series A Preferred Stock will rank senior to all classes and series of our common stock and all other equity securities designated as ranking junior to the Series A Preferred Stock, and no All or any portion of the outstanding Series A Preferred Stock may 30 not 60 The Series A Preferred Stock is also subject to mandatory redemption upon the occurrence of certain change of control transactions or upon the sale or other disposition of all or substantially all of our assets. The holders of Series A Preferred Stock do not In general, the holders of the Series A Preferred Stock do not one The approval of the holders of the Series A Preferred Stock, voting separately as a class, is required in order to authorize, create or issue new shares of Series A Perpetual Preferred stock (other than to pay dividends), or alter the rights of any other shares that are or would be equal to or senior to the Series A Preferred Stock, or to amend, alter or repeal the Company’s Restated Articles of Incorporation as amended from time to time if such amendment, alteration or repeal adversely affects the powers, preferences or special rights of the Series A Preferred Stock. The Series A Preferred Stock does not In the event that the Company voluntarily or involuntarily liquidates, dissolves or winds up its affairs, holders of Series A Preferred Stock will be entitled to receive for each share of Series A Preferred Stock, out of the Company’s assets or proceeds thereof available for distribution to shareholders, subject to the rights of any creditors, payment in full in an amount equal to the liquidation value and the per-share amount of any unpaid dividends for the current quarterly dividend period. Holders of Series A Preferred Stock would be entitled to receive this amount before any distribution of assets or proceeds to holders of our common stock and any other stock whose rights are junior to the Series A Preferred Stock. If in any distribution described above, our assets are not not

Note 8 - Stock-based Compensati

Note 8 - Stock-based Compensation	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	8. Stock-Based Compensation We recognize compensation expense for stock-based payment awards made to our employees, consultants and directors. Our active stock-based compensation plans include the 2022 “2022 December 31, 2022, 2021 2020 Year Ended December 31, 2022 2021 2020 Stock-based compensation expense, gross $ 22 $ 14 $ 16 Income tax benefit at our statutory rate associated with stock-based compensation (6 ) (4 ) (4 ) Stock-based compensation expense, net $ 16 $ 10 $ 12 Currently, the 2022 2022 As of December 31, 2022, A summary of activity for the years ended December 31, 2022, 2021 2020 Year Ended December 31, 2022 2021 2020 Weighted- Weighted- Weighted- Average Average Average Number Grant Date Number Grant Date Number Grant Date of Fair Value of Fair Value of Fair Value Shares Per Share Shares Per Share Shares Per Share Restricted stock - common: Outstanding - beginning of period 1,035,728 $ 19.69 917,533 $ 16.84 977,547 $ 15.45 Granted 400,927 21.68 731,374 19.73 359,481 18.92 Vested (438,910 ) 19.38 (613,179 ) 15.48 (333,865 ) 15.35 Forfeited - - - - (85,630 ) 15.53 Outstanding - end of period 997,745 $ 20.62 1,035,728 $ 19.69 917,533 $ 16.84 Restricted stock - Class A common: Outstanding - beginning of period 720,421 $ 18.22 480,042 $ 16.10 449,284 $ 13.55 Granted 250,448 20.52 488,918 18.66 166,814 19.87 Vested (293,631 ) 17.55 (248,539 ) 15.00 (136,056 ) 12.32 Outstanding - end of period 677,238 $ 19.36 720,421 $ 18.22 480,042 $ 16.10 Restricted stock units - common: Outstanding - beginning of period 125,247 $ 19.02 90,184 $ 18.92 398,000 $ 18.21 Granted 259,079 23.87 95,115 19.05 93,184 18.77 Vested (108,921 ) 19.03 (60,052 ) 18.92 (374,500 ) 18.18 Forfeited (1,260 ) 19.05 - - (26,500 ) 18.21 Outstanding - end of period 274,145 $ 23.60 125,247 $ 19.02 90,184 $ 18.92

Note 9 - Leases

Note 9 - Leases	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Leases, Lessee Disclosure [Text Block]	9. Leases Operating Leases. one one not 10 We lease land, buildings, transmission towers, right of way easements, and equipment through operating leases. We generally lease land for the purpose of erecting transmission towers for our broadcast operations. Our building leases consist of office space and broadcast studios. For transmission towers we do not third We allocate consideration paid in the contract to lease and non-lease components based upon the contract or associated invoice received if applicable. Lease components include base rent, fixed rate escalators and in-substance fixed payments associated with the leased asset. Non-lease components include common area maintenance and operating expenses associated with the leased asset. We have not Variable lease payments are not We recognize leases with an initial term of 12 Our operating lease expenses, including variable leases, were $17 million and $12 million for the years ended December 31, 2022 2021, December 31, 2022 2021 not December 31, 2022 2021, December 31, 2022 2021 December 31, 2022, The maturities of operating lease liabilities were as follows (in millions): Year: 2023 $ 14 2024 13 2025 11 2026 10 2027 9 Thereafter 48 Total lease payments 105 Less: Imputed interest (27 ) Present value of lease liabilities $ 78

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. Income Taxes We recognize deferred tax assets and liabilities for future tax consequences attributable to differences between our financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. We recognize the effect on deferred tax assets and liabilities resulting from a change in tax rates in income in the period that includes the date of the change. Under certain circumstances, we recognize liabilities in our financial statements for positions taken on uncertain tax issues. may not not not 50% Federal and state and local income tax expense is summarized as follows (in millions): Year Ended December 31, 2022 2021 2020 Current: Federal $ 148 $ 74 $ 39 State and local 31 26 20 Current income tax expense 179 100 59 Deferred: Federal (21 ) (12 ) 64 State and local 1 (10 ) 11 Deferred income tax (benefit) expense (20 ) (22 ) 75 Total income tax expense $ 159 $ 78 $ 134 Significant components of our deferred tax liabilities and assets are as follows (in millions): December 31, 2022 2021 Deferred tax liabilities: Net book value of property and equipment $ 143 $ 146 Broadcast licenses, goodwill and other intangible assets 1,363 1,373 Other 5 - Total deferred tax liabilities 1,511 1,519 Deferred tax assets: Liability for accrued bonus 11 9 State and local operating loss carryforwards 10 24 Interest expense limitation 17 4 Other 29 33 Total deferred tax assets 67 70 Valuation allowance for deferred tax assets (10 ) (22 ) Net deferred tax assets 57 48 Deferred tax liabilities, net of deferred tax assets $ 1,454 $ 1,471 As of December 31, 2022, one third not 382 A reconciliation of income tax expense at the statutory federal income tax rate and income taxes as reflected in the consolidated financial statements for the years ended December 31, 2022, 2021 2020 Year Ended December 31, 2022 2021 2020 Statutory federal rate applied to income before income tax expense $ 129 $ 35 $ 114 Current year permanent items 5 33 3 State and local taxes, net of federal tax benefit 26 10 27 Change in valuation allowance - - 1 Net operating loss carryback - - (7 ) Other items, net (1 ) - (4 ) Income tax expense as recorded $ 159 $ 78 $ 134 Effective income tax rate 26 % 46 % 25 % As of each year end, we are required to adjust our pension liability to an amount equal to the funded status of our pension plans with a corresponding adjustment to other comprehensive income on a net of tax basis. During 2022, 2021, 2020, We made income tax payments (net of refunds) of $180 million, $149 million and $70 million, during the years ended December 31, 2022, 2021 2020, We prescribe a recognition threshold and measurement attribution for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For benefits to be recognized, a tax position must be more likely than not As of December 31, 2022, We file a federal consolidated income tax return in the United States and state or local consolidated income tax returns in various state or local jurisdictions. Certain of our subsidiaries file separate tax returns in other various state and local jurisdictions. With few exceptions, we are no 2003. The following table summarizes the activity related to our reserve for uncertain tax positions (in millions): Year Ended December 31, 2022 2021 2020 Balance at beginning of period $ 15 $ 14 $ 14 Additions based on tax positions related to prior years - 3 - Statute expirations - (2 ) - Balance at end of period $ 15 $ 15 $ 14 If our reserve for unrecognized tax positions, as presented above, were to be recognized, there would be a favorable impact on the Company’s reported income tax expense in the period recognized. We recognize accrued interest and penalties related to uncertain tax positions in income tax expense in the accompanying Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income. During the years ended December 31, 2022, 2021, 2020, not December 31, 2022 2021, On March 27, 2020, 19 2019 2020, 100% 2021. 2018, 2019, 2020 five 2020,

Note 11 - Retirement Plans

Note 11 - Retirement Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	11. Retirement Plans We sponsor and contribute to defined benefit and defined contribution retirement plans. The Gray Television, Inc. Retirement Plan (“Gray Pension Plan”) is a defined benefit pension plan. Benefits under the Gray Pension Plan are frozen and can no no The Gray Pension Plan’s funding policy is consistent with the funding requirements of existing federal laws and regulations under the Employee Retirement Income Security Act of 1974. December 31, 2022 2021, December 31, 2022 2021, December 31, 2022 2021 Change in projected benefit obligation: Projected benefit obligation at beginning of year $ 140 $ 151 Interest cost 4 4 Actuarial (gain) loss (38 ) (11 ) Benefits paid (4 ) (4 ) Projected benefit obligation at end of year $ 102 $ 140 Change in plan assets: Fair value of pension plan assets at beginning of year $ 119 $ 108 Actual return on plan assets (14 ) 12 Company contributions 4 4 Benefits paid (5 ) (5 ) Fair value of pension plan assets at end of year 104 119 Funded status of pension plan $ 2 $ (21 ) Amounts recognized on our balance sheets consist of: Accrued benefit cost $ 21 $ 15 Accumulated other comprehensive loss (19 ) (36 ) Net asset (liability) recognized $ 2 $ (21 ) Because the Gray Pension Plan is a frozen plan, the projected benefit obligation and the accumulated benefit obligation are the same. The accumulated benefit obligation was $102 million and $140 million at December 31, 2022 2021, not Year Ended December 31, 2022 2021 Weighted-average assumptions used to determine net periodic benefit cost for the Gray Pension Plan: Discount rate 2.73 % 2.38 % Expected long-term rate of return on pension plan assets 6.25 % 6.25 % Estimated rate of increase in compensation levels N/A N/A As of December 31, 2022 2021 Weighted-average assumptions used to determine benefit obligations: Discount rate 4.99 % 2.73 % Pension expense is computed using the projected unit credit actuarial cost method. The net periodic pension cost for the Gray Pension Plan includes the following components (in millions): Year Ended December 31, 2022 2021 2020 Components of net periodic pension cost: Interest cost $ 4 $ 4 $ 4 Expected return on plan assets (8 ) (7 ) (6 ) Recognized net actuarial loss 1 1 1 Net periodic pension benefit $ (3 ) $ (2 ) $ (1 ) For the Gray Pension Plan, the estimated future benefit payments are as follows (in millions): Years Amount 2023 $ 5 2024 5 2025 5 2026 6 2027 6 2028 - 2032 32 The Gray Pension Plan’s weighted-average asset allocations by asset category were as follows: As of December 31, 2022 2021 Asset category: Insurance general account 14 % 13 % Cash management accounts 4 % 2 % Equity accounts 51 % 50 % Fixed income accounts 28 % 33 % Real estate accounts 3 % 2 % Total 100 % 100 % The investment objective is to achieve a consistent total rate of return (income, appreciation, and reinvested funds) that will equal or exceed the actuarial assumption with aversion to significant volatility. The following is the target asset allocation: Target Range Asset class: Strategic Allocation Lower Limit Upper Limit Equities: Large Cap Blend 27.0 % 0.0 % 50.0 % Mid Cap Blend 10.0 % 0.0 % 40.0 % Small Cap Blend 6.0 % 0.0 % 25.0 % Foreign Large Blend 11.0 % 0.0 % 40.0 % Emerging Markets 3.0 % 0.0 % 25.0 % Real Estate 3.0 % 0.0 % 20.0 % Fixed Income: U.S. Treasury Inflation Protected 3.5 % 0.0 % 25.0 % Intermediate Core Plus Bond 25.0 % 0.0 % 50.0 % Short-Term Bond 3.0 % 0.0 % 25.0 % Bank Loan 0.0 % 0.0 % 25.0 % High Yield Bond 4.0 % 0.0 % 25.0 % Emerging Markets Bond 3.0 % 0.0 % 20.0 % Money Market Taxable 1.5 % 0.0 % 100.0 % Our equity portfolio contains securities of companies necessary to build a diversified portfolio, and that we believe are financially sound. Our fixed income portfolio contains obligations generally rated A or better with no Fair Value of Gray Pension Plan Assets. 820, 5 The following table presents the fair value of the Gray Pension Plan’s assets and classifies them by level within the fair value hierarchy as of December 31, 2022 2021 As of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Insurance general account $ - $ 15 $ - $ 15 Cash management accounts 4 - - 4 Equity accounts 53 - - 53 Fixed income accounts 29 - - 29 Real estate accounts 3 - - 3 Total $ 89 $ 15 $ - $ 104 As of December 31, 2021 Level 1 Level 2 Level 3 Total Assets: Insurance general account $ - $ 15 $ - $ 15 Cash management accounts 3 - - 3 Equity accounts 59 - - 59 Fixed income account 39 - - 39 Real estate accounts 3 - - 3 Total $ 104 $ 15 $ - $ 119 Expected Pension Contributions. December 31, 2023. Capital Accumulation Plan. 401 2022, first December 31, 2022, 2021 2020, 2023 In addition, the Company, at its discretion, may December 31, 2022, 2021 2020, may December 31, 2022, Meredith Plan. December 1, 2021, December 31, 2022, December 31, 2022.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	12. Commitments and Contingencies From time to time we may may December 31, 2022, Service and Syndicated Network Other Assembly Television Affiliation Year Agreements Development Programming Agreements Total 2023 $ 56 $ 156 $ 8 $ 967 $ 1,187 2024 39 - 25 716 780 2025 19 - 15 177 211 2026 7 - - - 7 2027 2 - - - 2 Total $ 123 $ 156 $ 48 $ 1,860 $ 2,187 Legal Proceedings and Claims. not Local TV Advertising Antitrust Litigation. 2018, January 2019) December 2021) May 22, 2019. not not not not Following published reports of the DOJ investigation and settlement, various putative class action lawsuits were filed against a number of owners of television stations. The cases have been consolidated in a single multidistrict litigation in the District Court for the Northern District of Illinois under the caption In re Local TV Advertising Litigation and the Plaintiffs’ operative complaint alleges price fixing and unlawful information exchange among the defendants’ advertisement sales teams. Gray is a defendant solely due to its acquisition of Raycom and Meredith, who were named defendants. The consolidated action seeks damages, attorneys’ fees, costs and interest, as well as injunctions against adopting practices or plans that would restrain competition in the ways the plaintiffs have alleged. The Company believes the lawsuits are without merit and intends to vigorously defend itself against all such claims.

Note 13 - Goodwill and Intangib

Note 13 - Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	13. Goodwill and Intangible Assets During the years ended December 31, 2022 2021, 3 Net Balance at Acquisitions Net Balance at December 31, and December 31, 2021 Adjustments Dispositions Impairment Amortization 2022 Goodwill $ 2,649 $ 14 $ - $ - $ - $ 2,663 Broadcast licenses 5,303 28 - - - 5,331 Finite-lived intangible assets 825 18 - - (207 ) 636 Total intangible assets net of accumulated amortization $ 8,777 $ 60 $ - $ - $ (207 ) $ 8,630 Net Balance at Acquisitions Net Balance at December 31, and December 31, 2020 Adjustments Dispositions Impairment Amortization 2021 Goodwill $ 1,460 $ 1,211 $ (22 ) $ - $ - $ 2,649 Broadcast licenses 3,579 1,771 (47 ) - - 5,303 Finite-lived intangible assets 395 547 - - (117 ) 825 Total intangible assets net of accumulated amortization $ 5,434 $ 3,529 $ (69 ) $ - $ (117 ) $ 8,777 The following table presents a summary of changes in our goodwill, on a gross basis (in millions): Acquisitions As of and As of December 31, 2021 Adjustments Dispositions Impairment December 31, 2022 Goodwill, gross $ 2,748 $ 14 $ - $ - $ 2,762 Accumulated goodwill impairment (99 ) - - - (99 ) Goodwill, net $ 2,649 $ 14 $ - $ - $ 2,663 Acquisitions As of and As of December 31, 2020 Adjustments Dispositions Impairment December 31, 2021 Goodwill, gross $ 1,559 $ 1,211 $ (22 ) $ - $ 2,748 Accumulated goodwill impairment (99 ) - - - (99 ) Goodwill, net $ 1,460 $ 1,211 $ (22 ) $ - $ 2,649 The following table presents a summary of our intangible assets and related accumulated amortization (in millions): As of December 31, 2022 As of December 31, 2021 Accumulated Accumulated Gross Amortization Net Gross Amortization Net Intangible assets not currently subject to amortization: Broadcast licenses $ 5,385 $ (54 ) $ 5,331 $ 5,356 $ (53 ) $ 5,303 Goodwill 2,663 - 2,663 2,649 - 2,649 $ 8,048 $ (54 ) $ 7,994 $ 8,005 $ (53 ) $ 7,952 Intangible assets subject to amortization: Network affiliation agreements $ 218 $ (88 ) $ 130 $ 204 $ (44 ) $ 160 Other finite-lived intangible assets 1,055 (549 ) 506 1,051 (386 ) 665 $ 1,273 $ (637 ) $ 636 $ 1,255 $ (430 ) $ 825 Total intangible assets $ 9,321 $ (691 ) $ 8,630 $ 9,260 $ (483 ) $ 8,777 Based on our intangible assets subject to amortization as of December 31, 2022, five 2023, 2024, 2025, 2026, 2027, may Impairment of goodwill and broadcast licenses Our broadcasting operating segment is comprised of a single reporting unit. Each of the distinct businesses within our production companies operating segment represent a reporting unit. Therefore, we evaluate our goodwill for impairment for five four 350. 350. In the performance of our annual broadcast license and reporting unit impairment assessments, we have the option of performing a qualitative assessment to determine if it is more likely than not 2022, 57 one 2021, 59 one As part of this qualitative assessment we evaluate the relative impact of factors that are specific to the reporting units as well as industry, regulatory, and macroeconomic factors that could affect the significant inputs used to determine the fair value of the assets. We also consider the significance of the excess fair value over the carrying value reflected in prior quantitative assessments and the changes to the reporting units’ carrying value since the last impairment test. If we conclude that it is more likely than not not For our annual broadcast licenses impairment test in 2022 2021, not not For our annual goodwill impairment test in 2022 2021, not not one not We believe we have made reasonable estimates and utilized appropriate assumptions to evaluate whether the fair values of our broadcast licenses and reporting units were less than their carrying values. If future results are not See Note 1

Note 14 - Segment Information

Note 14 - Segment Information	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	14. Segment Information During the years ended December 31, 2022, 2021 2020, Production As of and for the Year ended December 31, 2022: Broadcasting Companies Other Consolidated Revenue (less agency commissions) $ 3,583 $ 93 $ - $ 3,676 Operating expenses before depreciation, amortization and loss on disposal of assets, net: 2,165 83 104 2,352 Depreciation and amortization 321 12 3 336 Gain on disposal of assets, net (2 ) - - (2 ) Total operating expenses 2,484 95 107 2,686 Operating income (loss) $ 1,099 $ (2 ) $ (107 ) $ 990 Interest expense $ - $ - $ 354 $ 354 Capital expenditures (excluding business combinations) $ 163 $ 267 $ 6 $ 436 Goodwill $ 2,618 $ 45 $ - $ 2,663 Total assets $ 10,444 $ 535 $ 173 $ 11,152 As of and for the Year ended December 31, 2021: Revenue (less agency commissions) $ 2,340 $ 73 $ - $ 2,413 Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: 1,548 62 159 1,769 Depreciation and amortization 206 12 3 221 Loss on disposal of assets, net 41 - 1 42 Total operating expenses 1,795 74 163 2,032 Operating income (loss) $ 545 $ (1 ) $ (163 ) $ 381 Interest expense $ - $ - $ 205 $ 205 Capital expenditures (excluding business combinations) $ 94 $ 110 $ 3 $ 207 Goodwill $ 2,604 $ 45 $ - $ 2,649 Total assets $ 10,592 $ 269 $ 247 $ 11,108 As of and for the Year ended December 31, 2020: Revenue (less agency commissions) $ 2,320 $ 61 $ - $ 2,381 Operating expenses before depreciation, amortization and gain on disposal of assets, net: 1,340 52 65 1,457 Depreciation and amortization 186 12 3 201 (Gain) loss on disposal of assets, net (31 ) 2 - (29 ) Operating expenses 1,495 66 68 1,629 Operating income (loss) $ 825 $ (5 ) $ (68 ) $ 752 Interest expense $ - $ - $ 191 $ 191 Capital expenditures (excluding business combinations) $ 106 $ 4 $ - $ 110 Goodwill $ 1,419 $ 41 $ - $ 1,460 Total assets $ 6,631 $ 141 $ 871 $ 7,643

Note 15 - Subsequent Events

Note 15 - Subsequent Events	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	15. Subsequent Events Marquee Transaction. February 15, 2023, 102 126 Securitization Facility. February 23, 2023, three $300 one February 23, 2023, March 1, 2023. Under the Securitization Facility, the SPV will sell certain receivables and related rights (“Sold Receivables”) and guarantee the collection of the Sold Receivables and pledge the remaining receivables and related rights that it owns in order to secure such guarantee. We will service the accounts receivables on behalf of the SPV for a fee. The SPV is a separate legal entity with its own separate creditors who will be entitled to access the SPV’s assets before the assets become available to us. As a result, the SPV’s assets are not may The sale of receivables from SPV will be accounted for in the Company’s financial statements as a "true-sale" under Accounting Standards Codification ("ASC") Topic 860. Interest Rate Cap. February 23, 2023, 2024 December 31, 2025. one December 31, 2025. not

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	GRAY TELEVISION, INC. SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (in millions) Col. A Col. B Col. C Col. D Col. E Additions (1) (2) Balance at Charged to Charged to Balance at Beginning Costs and Other Deductions End of Description of Period Expenses Accounts (a) Period Year Ended December 31, 2022: Allowance for doubtful accounts $ 16 $ 1 $ - $ (1 ) $ 16 Valuation allowance for deferred tax assets $ 22 $ - $ (12 ) $ - $ 10 Year Ended December 31, 2021: Allowance for doubtful accounts $ 10 $ 4 $ 3 $ (1 ) $ 16 Valuation allowance for deferred tax assets $ 15 $ 7 $ - $ - $ 22 Year Ended December 31, 2020: Allowance for doubtful accounts $ 11 $ 2 $ - $ (3 ) $ 10 Valuation allowance for deferred tax assets $ 14 $ 1 $ - $ - $ 15 (a) Deductions from allowance for doubtful accounts represent write-offs of receivable balances not

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Investment, Policy [Policy Text Block]	Investments in Broadcasting, Production and Technology Companies. may Investments in non-public businesses that do not not not December 31, 2022, one December 31, 2021 2020.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Allowance for Credit Losses. December 31, 2022, 2021 2020, Our allowance for credit losses is an estimate of expected losses over the remaining contractual life of our receivables based on an ongoing analysis of collectability, historical collection experience, current economic and industry conditions and reasonable and supportable forecasts. The allowance is calculated using a historical loss rate applied to the current aging analysis. We may The following table provides a roll-forward of the allowance for credit losses. The allowance is deducted from the amortized cost basis of accounts receivable in our consolidated balance sheets (in millions): Year Ended December 31, 2022 2021 Beginning balance $ 16 $ 10 Allowance obtained through acquisition - 3 Provision for credit losses 1 4 Amounts written off (1 ) (1 ) Ending balance $ 16 $ 16
Program Broadcast Rights [Policy Text Block]	Program Broadcast Rights. two first Wheel of Fortune The Big Bang Theory not first first not The total license fee payable under a program license agreement allowing us to broadcast programs is recorded at the beginning of the license period and is charged to operating expense over the period that the programs are broadcast. The portion of the unamortized balance expected to be charged to operating expense in the succeeding year is classified as a current asset, with the remainder classified as a non-current asset. The liability for license fees payable under program license agreements is classified as current or long-term, in accordance with the payment terms of the various license agreements.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment. Estimated December 31, Useful Lives 2022 2021 (in years) Property and equipment, net: Land $ 290 $ 277 Buildings and improvements 477 453 7 to 40 Equipment 1,027 961 3 to 20 Construction in progress 362 63 2,156 1,754 Accumulated depreciation (690 ) (589 ) Total $ 1,466 $ 1,165 Maintenance, repairs and minor replacements are charged to operations as incurred; major replacements and betterments are capitalized. The cost of any assets divested, sold or retired and the related accumulated depreciation are removed from the accounts at the time of disposition, and any resulting gain or loss is reflected in income or expense for the period. The following tables provide additional information related to gain on disposal of assets, net included in our consolidated statements of operations and purchases of property and equipment included in our consolidated statements of cash flows (in millions): Year ended December 31, 2022 2021 2020 Gain (loss) on disposal of assets, net: Proceeds from sale of assets $ 4 $ 478 $ 9 Proceeds from Repack 7 11 29 Net book value of assets disposed (9 ) (531 ) (9 ) Total $ 2 $ (42 ) $ 29 Purchase of property and equipment: Recurring purchases - operations $ 170 $ 90 $ 87 Assembly Atlanta development 264 109 - Repack 2 8 23 Total $ 436 $ 207 $ 110
Deferred Charges, Policy [Policy Text Block]	Deferred Loan Costs.
Asset Retirement Obligation [Policy Text Block]	Asset Retirement Obligations. 2062. December 31, 2022 2021, December 31, 2022, 2021 2020, not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk. not We derived a material portion of our non-political broadcast advertising revenue from advertisers in a limited number of industries, particularly the services sector, comprising financial, legal and medical advertisers, and the automotive industry. The services sector has become an increasingly important source of advertising revenue over the past few years. During the years ended December 31, 2022, 2021 2020 December 31, 2022, 2021 2020 no one 5%
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share. not not The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding for the years ended December 31, 2022, 2021 2020 Year Ended December 31, 2022 2021 2020 Weighted average shares outstanding, basic 92 95 96 Weighted average shares underlying stock options and restricted shares 1 - 1 Weighted average shares outstanding, diluted 93 95 97
Goodwill and Intangible Assets, Policy [Policy Text Block]	Valuation of Broadcast Licenses, Goodwill and Other Intangible Assets. For broadcast licenses acquired prior to January 1, 2002, For broadcast licenses acquired after December 31, 2001, December 31, 2001, When renewing broadcast licenses, we incur regulatory filing fees and legal fees. We expense these fees as they are incurred. Goodwill represents the excess of acquisition cost over the fair value of assets acquired, identifiable intangible assets, less liabilities assumed in business combination transactions. Goodwill is tested for impairment on an annual basis (at year end) or between annual tests if events or changes in circumstances indicate that the fair value of a reporting unit may Other intangible assets that we have acquired include network affiliation agreements, retransmission agreements, advertising contracts, client lists, talent contracts and leases. Although each of our stations is affiliated with at least one
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Impairment Testing of Indefinite-Lived Intangible Assets. December 31. For purposes of testing goodwill for impairment, our broadcast television stations as a whole, and each of our production companies, is considered a separate reporting unit. In the performance of our annual assessment of goodwill for impairment, we have the option to qualitatively assess whether it is more likely than not If we conclude that it is more likely than not not To estimate the fair value of our reporting units for a quantitative assessment, we utilize a discounted cash flow model supported by a market multiple approach. We believe that a discounted cash flow analysis is the most appropriate methodology to test the recorded value of long-term assets with a demonstrated long-lived/enduring franchise value. We believe the results of the discounted cash flow and market multiple approaches provide reasonable estimates of the fair value of our reporting units because these approaches are based on our actual results and reasonable estimates of future performance, and also take into consideration a number of other factors deemed relevant by us including, but not one In the performance of our annual assessment of broadcast licenses for impairment we have the option to qualitatively assess whether it is more likely than not not one no not For further discussion of our goodwill, broadcast licenses and other intangible assets, see Note 13
Comprehensive Income, Policy [Policy Text Block]	Accumulated Other Comprehensive Loss. December 31, 2022 2021 December 31, 2022 2021 Items included in accumulated other comprehensive loss: Decrease in pension liability $ (16 ) $ (36 ) Income tax on decrease in pension liability (4 ) (9 ) Accumulated other comprehensive loss $ (12 ) $ (27 )
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements. March 2020, 2020 04, Reference Rate Reform (Topic 848 January 2021, 2020 04, 2021 01, Reference Rate Reform (Topic 848 848. may March 12, 2020, December 2022, 2022 06, Reference Rate Reform (Topic 848 848. 848 June 30, 2023. not In addition to the accounting standards described above, certain amounts in the consolidated statements of cash flows have also been reclassified to conform to the current presentation.

Note 1 - Description of Busin_2

Note 1 - Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Year Ended December 31, 2022 2021 Beginning balance $ 16 $ 10 Allowance obtained through acquisition - 3 Provision for credit losses 1 4 Amounts written off (1 ) (1 ) Ending balance $ 16 $ 16
Property, Plant and Equipment [Table Text Block]	Estimated December 31, Useful Lives 2022 2021 (in years) Property and equipment, net: Land $ 290 $ 277 Buildings and improvements 477 453 7 to 40 Equipment 1,027 961 3 to 20 Construction in progress 362 63 2,156 1,754 Accumulated depreciation (690 ) (589 ) Total $ 1,466 $ 1,165
Schedule of Disposal of Assets and Purchase of Property and Equipment [Table Text Block]	Year ended December 31, 2022 2021 2020 Gain (loss) on disposal of assets, net: Proceeds from sale of assets $ 4 $ 478 $ 9 Proceeds from Repack 7 11 29 Net book value of assets disposed (9 ) (531 ) (9 ) Total $ 2 $ (42 ) $ 29 Purchase of property and equipment: Recurring purchases - operations $ 170 $ 90 $ 87 Assembly Atlanta development 264 109 - Repack 2 8 23 Total $ 436 $ 207 $ 110
Schedule of Weighted Average Number of Shares [Table Text Block]	Year Ended December 31, 2022 2021 2020 Weighted average shares outstanding, basic 92 95 96 Weighted average shares underlying stock options and restricted shares 1 - 1 Weighted average shares outstanding, diluted 93 95 97
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	December 31, 2022 2021 Items included in accumulated other comprehensive loss: Decrease in pension liability $ (16 ) $ (36 ) Income tax on decrease in pension liability (4 ) (9 ) Accumulated other comprehensive loss $ (12 ) $ (27 )

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, 2022 2021 2020 Market and service type: Advertising: Core $ 1,496 $ 1,190 $ 969 Political 515 44 430 Total advertising 2,011 1,234 1,399 Retransmission consent 1,496 1,049 867 Production companies 93 73 61 Other 76 57 54 Total revenue $ 3,676 $ 2,413 $ 2,381 Sales channel: Direct $ 2,163 $ 1,579 $ 1,302 Advertising agency intermediary 1,513 834 1,079 Total revenue $ 3,676 $ 2,413 $ 2,381

Note 3 - Acquisitions and Div_2

Note 3 - Acquisitions and Divestitures (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Accounts receivable, net $ 1 Property and equipment 1 Goodwill 10 Broadcast licenses 1 Network affiliation 14 Other intangible assets 4 Total $ 31 Meredith Quincy Third Rail Total Cash $ 1 $ 4 $ - $ 5 Accounts receivable, net 146 23 - 169 Other current assets 15 5 - 20 Property and equipment 235 74 24 333 Operating lease right of use asset 15 1 - 16 Goodwill 1,016 190 4 1,210 Broadcast licenses 1,516 245 - 1,761 Other intangible assets 455 85 - 540 Other non-current assets 3 - - 3 Other current liabilities (104 ) (7 ) (1 ) (112 ) Deferred income taxes (477 ) (66 ) - (543 ) Operating lease liabilities (15 ) (1 ) - (16 ) Other non-current liabilities (3 ) - - (3 ) Total $ 2,803 $ 553 $ 27 $ 3,383 2020 Acquisitions Lubbock Alaska Columbus Sioux Falls Total Accounts receivable and other current assets $ - $ 1 $ - $ - $ 1 Property and equipment 6 5 2 - 13 Operating lease right of use asset 1 - - - 1 Goodwill 6 2 1 11 20 Broadcast licenses 5 2 - - 7 Other intangible assets 7 9 19 11 46 Other current liabilities (1 ) - - - (1 ) Total $ 24 $ 19 $ 22 $ 22 $ 87
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Adjusted purchase price $ 936 Less - consideration allocated to assets acquired and liabilities assumed for the Quincy overlap markets that were divested on August 2, 2021 383 Purchase consideration for assets acquired and liabilities assumed, net of divestitures $ 553
Business Combination, Separately Recognized Transactions [Table Text Block]	Year Ended December 31, 2021 Transaction Related Expenses by type: Legal, consulting and other professional fees $ 80 Termination of sales representation and other agreements 1 Total Transaction Related Expenses $ 81 Transaction Related Expenses by financial statement line item: Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net: Broadcasting $ 3 Corporate and administrative 71 Miscellaneous Expense 7 Total Transaction Related Expenses $ 81
Business Acquisition, Pro Forma Information [Table Text Block]	Year Ended December 31, 2021 Revenue (less agency commissions) $ 3,153 Net income $ 199 Net income attributable to common stockholders $ 147 Basic net income attributable to common stockholders, per share $ 1.55 Diluted net income attributable to common stockholders, per share $ 1.55

Note 4 - Long-term Debt (Tables

Note 4 - Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	December 31, 2022 2021 Long-term debt: 2019 Senior Credit Facility: 2017 Term Loan (matures February 7, 2024) $ 295 $ 595 2019 Term Loan (matures January 2, 2026) 1,190 1,190 2021 Term Loan (matures December 1, 2028) 1,485 1,500 2026 Notes (matures July 15, 2026) 700 700 2027 Notes (matures May 15, 2027) 750 750 2030 Notes (matures October 15, 2030) 800 800 2031 Notes (matures November 15, 2031) 1,300 1,300 Total outstanding principal 6,520 6,835 Unamortized deferred loan costs - 2017 Term Loan (4 ) (7 ) Unamortized deferred loan costs - 2019 Term Loan (21 ) (27 ) Unamortized deferred loan costs - 2021 Term Loan (4 ) (5 ) Unamortized deferred loan costs - 2026 Notes (4 ) (5 ) Unamortized deferred loan costs - 2027 Notes (7 ) (8 ) Unamortized deferred loan costs - 2030 Notes (11 ) (13 ) Unamortized deferred loan costs - 2031 Notes (16 ) (18 ) Unamortized premium - 2026 Notes 2 3 Less current portion (15 ) (15 ) Long-term debt, less deferred financing costs $ 6,440 $ 6,740 Borrowing availability under Revolving Credit Facility $ 496 $ 497
Schedule of Maturities of Long-Term Debt [Table Text Block]	Minimum Principal Maturities 2019 Senior 2026 2027 2030 2031 Year Credit Facility Notes Notes Notes Notes Total 2023 $ 15 $ - $ - $ - $ - $ 15 2024 310 - - - - 310 2025 15 - - - - 15 2026 1,205 700 - - - 1,905 2027 15 - 750 - - 765 Thereafter 1,410 - - 800 1,300 3,510 Total $ 2,970 $ 700 $ 750 $ 800 $ 1,300 $ 6,520

Note 8 - Stock-based Compensa_2

Note 8 - Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Year Ended December 31, 2022 2021 2020 Stock-based compensation expense, gross $ 22 $ 14 $ 16 Income tax benefit at our statutory rate associated with stock-based compensation (6 ) (4 ) (4 ) Stock-based compensation expense, net $ 16 $ 10 $ 12
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Year Ended December 31, 2022 2021 2020 Weighted- Weighted- Weighted- Average Average Average Number Grant Date Number Grant Date Number Grant Date of Fair Value of Fair Value of Fair Value Shares Per Share Shares Per Share Shares Per Share Restricted stock - common: Outstanding - beginning of period 1,035,728 $ 19.69 917,533 $ 16.84 977,547 $ 15.45 Granted 400,927 21.68 731,374 19.73 359,481 18.92 Vested (438,910 ) 19.38 (613,179 ) 15.48 (333,865 ) 15.35 Forfeited - - - - (85,630 ) 15.53 Outstanding - end of period 997,745 $ 20.62 1,035,728 $ 19.69 917,533 $ 16.84 Restricted stock - Class A common: Outstanding - beginning of period 720,421 $ 18.22 480,042 $ 16.10 449,284 $ 13.55 Granted 250,448 20.52 488,918 18.66 166,814 19.87 Vested (293,631 ) 17.55 (248,539 ) 15.00 (136,056 ) 12.32 Outstanding - end of period 677,238 $ 19.36 720,421 $ 18.22 480,042 $ 16.10 Restricted stock units - common: Outstanding - beginning of period 125,247 $ 19.02 90,184 $ 18.92 398,000 $ 18.21 Granted 259,079 23.87 95,115 19.05 93,184 18.77 Vested (108,921 ) 19.03 (60,052 ) 18.92 (374,500 ) 18.18 Forfeited (1,260 ) 19.05 - - (26,500 ) 18.21 Outstanding - end of period 274,145 $ 23.60 125,247 $ 19.02 90,184 $ 18.92

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Year: 2023 $ 14 2024 13 2025 11 2026 10 2027 9 Thereafter 48 Total lease payments 105 Less: Imputed interest (27 ) Present value of lease liabilities $ 78

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, 2022 2021 2020 Current: Federal $ 148 $ 74 $ 39 State and local 31 26 20 Current income tax expense 179 100 59 Deferred: Federal (21 ) (12 ) 64 State and local 1 (10 ) 11 Deferred income tax (benefit) expense (20 ) (22 ) 75 Total income tax expense $ 159 $ 78 $ 134
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2022 2021 Deferred tax liabilities: Net book value of property and equipment $ 143 $ 146 Broadcast licenses, goodwill and other intangible assets 1,363 1,373 Other 5 - Total deferred tax liabilities 1,511 1,519 Deferred tax assets: Liability for accrued bonus 11 9 State and local operating loss carryforwards 10 24 Interest expense limitation 17 4 Other 29 33 Total deferred tax assets 67 70 Valuation allowance for deferred tax assets (10 ) (22 ) Net deferred tax assets 57 48 Deferred tax liabilities, net of deferred tax assets $ 1,454 $ 1,471
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2022 2021 2020 Statutory federal rate applied to income before income tax expense $ 129 $ 35 $ 114 Current year permanent items 5 33 3 State and local taxes, net of federal tax benefit 26 10 27 Change in valuation allowance - - 1 Net operating loss carryback - - (7 ) Other items, net (1 ) - (4 ) Income tax expense as recorded $ 159 $ 78 $ 134 Effective income tax rate 26 % 46 % 25 %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	Year Ended December 31, 2022 2021 2020 Balance at beginning of period $ 15 $ 14 $ 14 Additions based on tax positions related to prior years - 3 - Statute expirations - (2 ) - Balance at end of period $ 15 $ 15 $ 14

Note 11 - Retirement Plans (Tab

Note 11 - Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Net Funded Status [Table Text Block]	December 31, 2022 2021 Change in projected benefit obligation: Projected benefit obligation at beginning of year $ 140 $ 151 Interest cost 4 4 Actuarial (gain) loss (38 ) (11 ) Benefits paid (4 ) (4 ) Projected benefit obligation at end of year $ 102 $ 140 Change in plan assets: Fair value of pension plan assets at beginning of year $ 119 $ 108 Actual return on plan assets (14 ) 12 Company contributions 4 4 Benefits paid (5 ) (5 ) Fair value of pension plan assets at end of year 104 119 Funded status of pension plan $ 2 $ (21 ) Amounts recognized on our balance sheets consist of: Accrued benefit cost $ 21 $ 15 Accumulated other comprehensive loss (19 ) (36 ) Net asset (liability) recognized $ 2 $ (21 )
Defined Benefit Plan, Assumptions [Table Text Block]	Year Ended December 31, 2022 2021 Weighted-average assumptions used to determine net periodic benefit cost for the Gray Pension Plan: Discount rate 2.73 % 2.38 % Expected long-term rate of return on pension plan assets 6.25 % 6.25 % Estimated rate of increase in compensation levels N/A N/A As of December 31, 2022 2021 Weighted-average assumptions used to determine benefit obligations: Discount rate 4.99 % 2.73 %
Schedule of Net Benefit Costs [Table Text Block]	Year Ended December 31, 2022 2021 2020 Components of net periodic pension cost: Interest cost $ 4 $ 4 $ 4 Expected return on plan assets (8 ) (7 ) (6 ) Recognized net actuarial loss 1 1 1 Net periodic pension benefit $ (3 ) $ (2 ) $ (1 )
Schedule of Expected Benefit Payments [Table Text Block]	Years Amount 2023 $ 5 2024 5 2025 5 2026 6 2027 6 2028 - 2032 32
Schedule of Allocation of Plan Assets by Asset Category [Table Text Block]	As of December 31, 2022 2021 Asset category: Insurance general account 14 % 13 % Cash management accounts 4 % 2 % Equity accounts 51 % 50 % Fixed income accounts 28 % 33 % Real estate accounts 3 % 2 % Total 100 % 100 %
Schedule of Allocation of Plan Assets [Table Text Block]	Target Range Asset class: Strategic Allocation Lower Limit Upper Limit Equities: Large Cap Blend 27.0 % 0.0 % 50.0 % Mid Cap Blend 10.0 % 0.0 % 40.0 % Small Cap Blend 6.0 % 0.0 % 25.0 % Foreign Large Blend 11.0 % 0.0 % 40.0 % Emerging Markets 3.0 % 0.0 % 25.0 % Real Estate 3.0 % 0.0 % 20.0 % Fixed Income: U.S. Treasury Inflation Protected 3.5 % 0.0 % 25.0 % Intermediate Core Plus Bond 25.0 % 0.0 % 50.0 % Short-Term Bond 3.0 % 0.0 % 25.0 % Bank Loan 0.0 % 0.0 % 25.0 % High Yield Bond 4.0 % 0.0 % 25.0 % Emerging Markets Bond 3.0 % 0.0 % 20.0 % Money Market Taxable 1.5 % 0.0 % 100.0 %
Defined Benefit Plan, Fair Value of Plan Assets [Table Text Block]	As of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Insurance general account $ - $ 15 $ - $ 15 Cash management accounts 4 - - 4 Equity accounts 53 - - 53 Fixed income accounts 29 - - 29 Real estate accounts 3 - - 3 Total $ 89 $ 15 $ - $ 104 As of December 31, 2021 Level 1 Level 2 Level 3 Total Assets: Insurance general account $ - $ 15 $ - $ 15 Cash management accounts 3 - - 3 Equity accounts 59 - - 59 Fixed income account 39 - - 39 Real estate accounts 3 - - 3 Total $ 104 $ 15 $ - $ 119

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Service and Syndicated Network Other Assembly Television Affiliation Year Agreements Development Programming Agreements Total 2023 $ 56 $ 156 $ 8 $ 967 $ 1,187 2024 39 - 25 716 780 2025 19 - 15 177 211 2026 7 - - - 7 2027 2 - - - 2 Total $ 123 $ 156 $ 48 $ 1,860 $ 2,187

Note 13 - Goodwill and Intang_2

Note 13 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Changes in Goodwill and Other Intangible Assets [Table Text Block]	Net Balance at Acquisitions Net Balance at December 31, and December 31, 2021 Adjustments Dispositions Impairment Amortization 2022 Goodwill $ 2,649 $ 14 $ - $ - $ - $ 2,663 Broadcast licenses 5,303 28 - - - 5,331 Finite-lived intangible assets 825 18 - - (207 ) 636 Total intangible assets net of accumulated amortization $ 8,777 $ 60 $ - $ - $ (207 ) $ 8,630 Net Balance at Acquisitions Net Balance at December 31, and December 31, 2020 Adjustments Dispositions Impairment Amortization 2021 Goodwill $ 1,460 $ 1,211 $ (22 ) $ - $ - $ 2,649 Broadcast licenses 3,579 1,771 (47 ) - - 5,303 Finite-lived intangible assets 395 547 - - (117 ) 825 Total intangible assets net of accumulated amortization $ 5,434 $ 3,529 $ (69 ) $ - $ (117 ) $ 8,777
Schedule of Goodwill [Table Text Block]	Acquisitions As of and As of December 31, 2021 Adjustments Dispositions Impairment December 31, 2022 Goodwill, gross $ 2,748 $ 14 $ - $ - $ 2,762 Accumulated goodwill impairment (99 ) - - - (99 ) Goodwill, net $ 2,649 $ 14 $ - $ - $ 2,663 Acquisitions As of and As of December 31, 2020 Adjustments Dispositions Impairment December 31, 2021 Goodwill, gross $ 1,559 $ 1,211 $ (22 ) $ - $ 2,748 Accumulated goodwill impairment (99 ) - - - (99 ) Goodwill, net $ 1,460 $ 1,211 $ (22 ) $ - $ 2,649
Schedule of Intangible Assets and Goodwill [Table Text Block]	As of December 31, 2022 As of December 31, 2021 Accumulated Accumulated Gross Amortization Net Gross Amortization Net Intangible assets not currently subject to amortization: Broadcast licenses $ 5,385 $ (54 ) $ 5,331 $ 5,356 $ (53 ) $ 5,303 Goodwill 2,663 - 2,663 2,649 - 2,649 $ 8,048 $ (54 ) $ 7,994 $ 8,005 $ (53 ) $ 7,952 Intangible assets subject to amortization: Network affiliation agreements $ 218 $ (88 ) $ 130 $ 204 $ (44 ) $ 160 Other finite-lived intangible assets 1,055 (549 ) 506 1,051 (386 ) 665 $ 1,273 $ (637 ) $ 636 $ 1,255 $ (430 ) $ 825 Total intangible assets $ 9,321 $ (691 ) $ 8,630 $ 9,260 $ (483 ) $ 8,777

Note 14 - Segment Information (

Note 14 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Production As of and for the Year ended December 31, 2022: Broadcasting Companies Other Consolidated Revenue (less agency commissions) $ 3,583 $ 93 $ - $ 3,676 Operating expenses before depreciation, amortization and loss on disposal of assets, net: 2,165 83 104 2,352 Depreciation and amortization 321 12 3 336 Gain on disposal of assets, net (2 ) - - (2 ) Total operating expenses 2,484 95 107 2,686 Operating income (loss) $ 1,099 $ (2 ) $ (107 ) $ 990 Interest expense $ - $ - $ 354 $ 354 Capital expenditures (excluding business combinations) $ 163 $ 267 $ 6 $ 436 Goodwill $ 2,618 $ 45 $ - $ 2,663 Total assets $ 10,444 $ 535 $ 173 $ 11,152 As of and for the Year ended December 31, 2021: Revenue (less agency commissions) $ 2,340 $ 73 $ - $ 2,413 Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net: 1,548 62 159 1,769 Depreciation and amortization 206 12 3 221 Loss on disposal of assets, net 41 - 1 42 Total operating expenses 1,795 74 163 2,032 Operating income (loss) $ 545 $ (1 ) $ (163 ) $ 381 Interest expense $ - $ - $ 205 $ 205 Capital expenditures (excluding business combinations) $ 94 $ 110 $ 3 $ 207 Goodwill $ 2,604 $ 45 $ - $ 2,649 Total assets $ 10,592 $ 269 $ 247 $ 11,108 As of and for the Year ended December 31, 2020: Revenue (less agency commissions) $ 2,320 $ 61 $ - $ 2,381 Operating expenses before depreciation, amortization and gain on disposal of assets, net: 1,340 52 65 1,457 Depreciation and amortization 186 12 3 201 (Gain) loss on disposal of assets, net (31 ) 2 - (29 ) Operating expenses 1,495 66 68 1,629 Operating income (loss) $ 825 $ (5 ) $ (68 ) $ 752 Interest expense $ - $ - $ 191 $ 191 Capital expenditures (excluding business combinations) $ 106 $ 4 $ - $ 110 Goodwill $ 1,419 $ 41 $ - $ 1,460 Total assets $ 6,631 $ 141 $ 871 $ 7,643

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Col. A Col. B Col. C Col. D Col. E Additions (1) (2) Balance at Charged to Charged to Balance at Beginning Costs and Other Deductions End of Description of Period Expenses Accounts (a) Period Year Ended December 31, 2022: Allowance for doubtful accounts $ 16 $ 1 $ - $ (1 ) $ 16 Valuation allowance for deferred tax assets $ 22 $ - $ (12 ) $ - $ 10 Year Ended December 31, 2021: Allowance for doubtful accounts $ 10 $ 4 $ 3 $ (1 ) $ 16 Valuation allowance for deferred tax assets $ 15 $ 7 $ - $ - $ 22 Year Ended December 31, 2020: Allowance for doubtful accounts $ 11 $ 2 $ - $ (3 ) $ 10 Valuation allowance for deferred tax assets $ 14 $ 1 $ - $ - $ 15

Note 1 - Description of Busin_3

Note 1 - Description of Business and Summary of Significant Accounting Policies (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Rate	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Number of Television Markets	113
Percent of US Television Households Reached (Rate) | Rate	36%
Number of Television Markets with Top-Rated Stations	79
Number of Television Markets with First and/or Second Rated Stations	101
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount	$ 18,000	$ 0	$ 0
Accounts Receivable, Credit Loss Expense (Reversal)	1,000	4,000	$ 2,000
Asset Retirement Obligation, Ending Balance	$ 4,000	$ 3,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Services Sector [Member]
Concentration Risk, Percentage	28%	29%	28%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Automotive [Member]
Concentration Risk, Percentage	17%	17%	21%

Note 1 - Description of Busin_4

Note 1 - Description of Business and Summary of Significant Accounting Policies - Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Beginning balance	$ 16	$ 10
Allowance obtained through acquisition	0	3
Provision for credit losses	1	4	$ 2
Amounts written off	(1)	(1)
Ending balance	$ 16	$ 16	$ 10

Note 1 - Description of Busin_5

Note 1 - Description of Business and Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property and equipment, gross	$ 2,156	$ 1,754
Accumulated depreciation	(690)	(589)
Total property and equipment, net	1,466	1,165
Land [Member]
Property and equipment, gross	290	277
Building and Building Improvements [Member]
Property and equipment, gross	$ 477	453
Building and Building Improvements [Member] | Minimum [Member]
Estimated Useful Lives (Year)	7 years
Building and Building Improvements [Member] | Maximum [Member]
Estimated Useful Lives (Year)	40 years
Equipment [Member]
Property and equipment, gross	$ 1,027	961
Equipment [Member] | Minimum [Member]
Estimated Useful Lives (Year)	3 years
Equipment [Member] | Maximum [Member]
Estimated Useful Lives (Year)	20 years
Construction in Progress [Member]
Property and equipment, gross	$ 362	$ 63

Note 1 - Description of Busin_6

Note 1 - Description of Business and Summary of Significant Accounting Policies - Disposal of Assets and Purchase of Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Proceeds from sale of assets	$ 4	$ 478	$ 9
Proceeds from Repack reimbursement (Note 1)	7	11	29
Net book value of assets disposed	9	531	9
Total	2	(42)	29
Recurring purchases - operations	170	90	87
Assembly Atlanta development	264	109	0
Repack	2	8	23
Total	$ 436	$ 207	$ 110

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation - Reconciliation of Basic to Diluted Weighted-average Shares Outstanding (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Weighted average shares outstanding, basic (in shares)	92	95	96
Weighted average shares underlying stock options and restricted shares (in shares)	1	0	1
Weighted average shares outstanding, diluted (in shares)	93	95	97

Note 1 - Description of Busin_7

Note 1 - Description of Business and Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Items included in accumulated other comprehensive loss:
Decrease in pension liability	$ (16)	$ (36)
Income tax on decrease in pension liability	(4)	(9)
Accumulated other comprehensive loss	$ (12)	$ (27)

Note 2 - Revenue (Details Textu

Note 2 - Revenue (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Contract with Customer, Liability, Revenue Recognized	$ 13
Deferred Revenue [Member]
Deposit Liability, Current	$ 12	$ 13

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue	$ 3,676	$ 2,413	$ 2,381
Sales Channel, Directly to Consumer [Member]
Revenue	2,163	1,579	1,302
Sales Channel, Through Intermediary [Member]
Revenue	1,513	834	1,079
Core Advertising [Member]
Revenue	1,496	1,190	969
Political Advertising [Member]
Revenue	515	44	430
Advertising [Member]
Revenue	2,011	1,234	1,399
Retransmission Consent [Member]
Revenue	1,496	1,049	867
Production Companies [Member]
Revenue	93	73	61
Service, Other [Member]
Revenue	$ 76	$ 57	$ 54

Note 3 - Acquisitions and Div_3

Note 3 - Acquisitions and Divestitures (Details Textual) $ in Millions								12 Months Ended
	Apr. 01, 2022 USD ($)	Dec. 01, 2021 USD ($)	Sep. 23, 2021 USD ($)	Aug. 02, 2021 USD ($)	Nov. 02, 2020 USD ($)	Sep. 01, 2020 USD ($)	Jul. 31, 2020 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Sep. 13, 2021 USD ($)
Business Combination, Acquisition Related Costs									$ 81
Quincy Acquisition [Member]
Gain (Loss) on Disposition of Business				$ 45
Proceeds from Divestiture of Businesses				401
Disposal Group, Working Capital				21
Broadcast Licenses Acquired in 2022 [Member]
Indefinite-Lived Intangible Assets Acquired								$ 27
Broadcast Licenses Acquired in 2021 [Member]
Indefinite-Lived Intangible Assets Acquired									4
Broadcast Licenses Acquired in 2020 [Member]
Indefinite-Lived Intangible Assets Acquired										$ 5
Atlanta Telemundo Transaction [Member]
Payments to Acquire Businesses, Gross	$ 31
Atlanta Telemundo Transaction [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Finite-Lived Intangible Asset, Useful Life (Year)	1 year
Atlanta Telemundo Transaction [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Finite-Lived Intangible Asset, Useful Life (Year)	4 years
Meredith Corporation [Member]
Business Combination, Consideration Transferred, Total		$ 2,800
Business Combination, Television Stations Operated		12
WJRT (ABC) in the Flint, Michigan Market [Member]
Disposal Group, Including Discontinued Operation, Consideration			$ 72
Gain (Loss) on Disposition of Business			$ (4)
Quincy Acquisition [Member]
Business Combination, Consideration Transferred, Total				936					936
Disposal Group, Including Discontinued Operation, Consideration									383
Business Combination, Working Capital				$ 6
Third Rail Acquisition [Member]
Disposal Group, Including Discontinued Operation, Consideration											$ 27
The2021 Acquisitions [Member]
Accounts Receivable, Gross Contractual Amount Over Recorded Fair Value									3
Business Acquisition, Goodwill, Expected Tax Deductible Amount									89
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual									$ 128
The2021 Acquisitions [Member] | Retransmission Agreements [Member]
Finite-Lived Intangible Asset, Useful Life (Year)									5 years
Finite-Lived Intangible Assets, Gross, Total									$ 374
The2021 Acquisitions [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)									3 years
Finite-Lived Intangible Asset, Useful Life (Year)									1 year
The2021 Acquisitions [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)									40 years
Finite-Lived Intangible Asset, Useful Life (Year)									10 years
Network Affiliate [Member] | Network Affiliation Agreements [Member]
Finite-Lived Intangible Assets, Gross, Total									$ 136
Alaska Transactions [Member]
Payments to Acquire Businesses, Gross							$ 19
Columbus Acquisition [Member]
Payments to Acquire Businesses, Gross						$ 22
Sioux Falls Acquisition [Member]
Payments to Acquire Businesses, Gross					$ 22
The 2020 Acquisitions [Member]
Payments to Acquire Businesses, Gross										24
Business Combination, Acquisition Related Costs										$ 1
The 2020 Acquisitions [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)										3 years
Finite-Lived Intangible Asset, Useful Life (Year)										1 year
The 2020 Acquisitions [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)										40 years
Finite-Lived Intangible Asset, Useful Life (Year)										4 years

Note 3 - Acquisitions and Div_4

Note 3 - Acquisitions and Divestitures - Acquisitions (Details) - USD ($) $ in Millions					12 Months Ended
	Apr. 01, 2022	Nov. 02, 2020	Sep. 01, 2020	Jul. 31, 2020	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Goodwill					$ 1,460	$ 2,663	$ 2,649
Goodwill					1,460	2,663	2,649
Atlanta Telemundo Transaction [Member]
Accounts receivable, net	$ 1
Property and equipment	1
Goodwill	10
Payments to Acquire Businesses, Gross	31
Accounts receivable, net	1
Goodwill	10
Atlanta Telemundo Transaction [Member] | Broadcast Licenses [Member]
Intangible assets	1
Atlanta Telemundo Transaction [Member] | Network Affiliation [Member]
Intangible assets	14
Atlanta Telemundo Transaction [Member] | Other Intangible Assets [Member]
Intangible assets	$ 4
Meredith Acquisition [Member]
Accounts receivable, net						146
Goodwill						1,016
Cash						1
Accounts receivable, net						146
Other current assets						15
Property and equipment						235
Operating lease right of use asset						15
Goodwill						1,016
Broadcast licenses						1,516
Other intangible assets						455
Other non-current assets						3
Other current liabilities						(104)
Deferred income taxes						(477)
Operating lease liabilities						(15)
Other non-current liabilities						(3)
Total						2,803
Other current liabilities						104
Quincy Acquisition [Member]
Accounts receivable, net						23
Goodwill						190
Cash						4
Accounts receivable, net						23
Other current assets						5
Property and equipment						74
Operating lease right of use asset						1
Goodwill						190
Broadcast licenses						245
Other intangible assets						85
Other non-current assets						0
Other current liabilities						(7)
Deferred income taxes						(66)
Operating lease liabilities						(1)
Other non-current liabilities						0
Total						553	$ 553
Other current liabilities						7
Third Rail Acquisition [Member]
Accounts receivable, net						0
Goodwill						4
Cash						0
Accounts receivable, net						0
Other current assets						0
Property and equipment						24
Operating lease right of use asset						0
Goodwill						4
Broadcast licenses						0
Other intangible assets						0
Other non-current assets						0
Other current liabilities						(1)
Deferred income taxes						0
Operating lease liabilities						0
Other non-current liabilities						0
Total						27
Other current liabilities						1
The2021 Acquisitions [Member]
Accounts receivable, net						169
Goodwill						1,210
Cash						5
Accounts receivable, net						169
Other current assets						20
Property and equipment						333
Operating lease right of use asset						16
Goodwill						1,210
Broadcast licenses						1,761
Other intangible assets						540
Other non-current assets						3
Other current liabilities						(112)
Deferred income taxes						(543)
Operating lease liabilities						(16)
Other non-current liabilities						(3)
Total						3,383
Other current liabilities						$ 112
Lubbock Transactions, Acquisition [Member]
Goodwill					6
Property and equipment					6
Operating lease right of use asset					1
Goodwill					6
Other intangible assets					7
Other current liabilities					(1)
Total					24
Accounts receivable and other current assets					0
Broadcast licenses					5
Other current liabilities					1
Alaska Transactions [Member]
Goodwill					2
Payments to Acquire Businesses, Gross				$ 19
Property and equipment					5
Operating lease right of use asset					0
Goodwill					2
Other intangible assets					9
Other current liabilities					0
Total					19
Accounts receivable and other current assets					1
Broadcast licenses					2
Other current liabilities					0
Columbus Acquisition [Member]
Goodwill					1
Payments to Acquire Businesses, Gross			$ 22
Property and equipment					2
Operating lease right of use asset					0
Goodwill					1
Other intangible assets					19
Other current liabilities					0
Total					22
Accounts receivable and other current assets					0
Broadcast licenses					0
Other current liabilities					0
Sioux Falls Acquisition [Member]
Goodwill					11
Payments to Acquire Businesses, Gross		$ 22
Property and equipment					0
Operating lease right of use asset					0
Goodwill					11
Other intangible assets					11
Other current liabilities					0
Total					22
Accounts receivable and other current assets					0
Broadcast licenses					0
Other current liabilities					0
The 2020 Acquisitions [Member]
Goodwill					20
Payments to Acquire Businesses, Gross					24
Property and equipment					13
Operating lease right of use asset					1
Goodwill					20
Other intangible assets					46
Other current liabilities					(1)
Total					87
Accounts receivable and other current assets					1
Broadcast licenses					7
Other current liabilities					$ 1

Note 3 - Acquisitions and Div_5

Note 3 - Acquisitions and Divestitures - Consideration (Details) - Quincy Acquisition [Member] - USD ($) $ in Millions		12 Months Ended
	Aug. 02, 2021	Dec. 31, 2021	Dec. 31, 2022
Adjusted purchase price	$ 936	$ 936
Less - consideration allocated to assets acquired and liabilities assumed for the Quincy overlap markets that were divested on August 2, 2021		383
Purchase consideration for assets acquired and liabilities assumed, net of divestitures		$ 553	$ 553

Note 3 - Acquisitions and Div_6

Note 3 - Acquisitions and Divestitures - Transaction Related Expenses (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Transaction related expenses	$ 81
Broadcast Licenses [Member]
Transaction related expenses	3
Corporate and Administrative [Member]
Transaction related expenses	71
Miscellaneous (Income) Expense, Net [Member]
Transaction related expenses	7
Legal, Consulting and Other Professional Fees [Member]
Transaction related expenses	80
Termination of Sales Representation Agreements [Member]
Transaction related expenses	$ 1

Note 3 - Acquisitions and Div_7

Note 3 - Acquisitions and Divestitures - Unaudited Pro Forma Results (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares
Revenue (less agency commissions)	$ 3,153
Net income	199
Net income attributable to common stockholders	$ 147
Basic net income attributable to common stockholders, per share (in dollars per share) | $ / shares	$ 1.55
Diluted net income attributable to common stockholders, per share (in dollars per share) | $ / shares	$ 1.55

Note 4 - Long-term Debt (Detail

Note 4 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 339,000	$ 178,000	$ 179,000
Interest Costs Capitalized	$ 9,000	$ 0	$ 0
2026 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.875%	5.875%
2027 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	7%	7%
2030 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.75%	4.75%
Notes 2031 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.375%	5.375%
The 2019 Senior Credit Facility [Member] | The 2021 Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage	7.10%
The 2019 Senior Credit Facility [Member] | The 2019 Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage	6.60%
The 2017 Senior Credit Facility [Member] | The 2017 Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage	6.60%

Note 4 - Long-term Debt - Long-

Note 4 - Long-term Debt - Long-term Debt Summary (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Long-term debt, gross	$ 6,520	$ 6,835
Less current portion	(15)	(15)
Long-term debt, less deferred financing costs	6,440	6,740
Borrowing availability under Revolving Credit Facility	496	497
The 2017 Term Loan [Member]
Long-term debt, gross	295	595
Unamortized deferred loan costs	(4)	(7)
The 2019 Term Loan [Member]
Long-term debt, gross	1,190	1,190
Unamortized deferred loan costs	(21)	(27)
The 2021 Term Loan [Member]
Long-term debt, gross	1,485	1,500
Unamortized deferred loan costs	(4)	(5)
2026 Notes [Member]
Long-term debt, gross	700	700
Unamortized deferred loan costs	(4)	(5)
Unamortized premium	2	3
2027 Notes [Member]
Long-term debt, gross	750	750
Unamortized deferred loan costs	(7)	(8)
2030 Notes [Member]
Long-term debt, gross	800	800
Unamortized deferred loan costs	(11)	(13)
Notes 2031 [Member]
Long-term debt, gross	1,300	1,300
Unamortized deferred loan costs	$ (16)	$ (18)

Note 4 - Long-term Debt - Aggre

Note 4 - Long-term Debt - Aggregate Minimum Principal Maturities on Long-term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
2023	$ 15
2024	310
2025	15
2026	1,905
2027	765
Thereafter	3,510
Total Debt	6,520	$ 6,835
The 2019 Senior Credit Facility [Member]
2023	15
2024	310
2025	15
2026	1,205
2027	15
Thereafter	1,410
Total Debt	2,970
2026 Notes [Member]
2023	0
2024	0
2025	0
2026	700
2027	0
Thereafter	0
Total Debt	700	700
2027 Notes [Member]
2023	0
2024	0
2025	0
2026	0
2027	750
Thereafter	0
Total Debt	750	750
2030 Notes [Member]
2023	0
2024	0
2025	0
2026	0
2027	0
Thereafter	800
Total Debt	800	800
Notes 2031 [Member]
2023	0
2024	0
2025	0
2026	0
2027	0
Thereafter	1,300
Total Debt	$ 1,300	$ 1,300

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurement (Details Textual) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
Long-Term Debt, Total	$ 6.5	$ 6.8
Long-Term Debt, Fair Value	$ 5.7	$ 6.9

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Details Textual) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares
Capital Units, Authorized (in shares)	245,000,000	245,000,000
Common Stock, Shares Authorized (in shares)	200,000,000	200,000,000
Preferred Stock, Shares Authorized (in shares)	20,000,000	20,000,000
Common Stock, Voting Rights, Votes Per Share	1	1
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares		$ 0.32	$ 0.32	$ 0
Dividends, Common Stock, Total | $		$ 30,000	$ 31,000
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	7,200,000	7,200,000
Treasury Stock, Value, Acquired, Cost Method | $	$ 50,000		$ 30,000	$ 75,000
Class A Common Stock (No Par Value) [Member]
Common Stock, Shares Authorized (in shares)	25,000,000	25,000,000	25,000,000
Common Stock, Voting Rights, Votes Per Share	10	10
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	2,800,000	2,800,000
Common Stock and Class A Common Stock [Member]
Dividends, Common Stock, Total | $				$ 0
Stock Repurchased During Period, Shares (in shares)		2,600,000
Treasury Stock, Value, Acquired, Cost Method | $		$ 50,000
Stock Repurchase Program, Authorized Amount | $	$ 124,000	$ 124,000

Note 7 - Preferred Stock (Detai

Note 7 - Preferred Stock (Details Textual) - Series A Perpetual Preferred Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock, Liquidation Preference Per Share (in dollars per share)	$ 1,000	$ 1,000
Preferred Stock, Dividend Rate, Cash, Percentage	8%	8%
Preferred Stock, Dividend Rate, Additional Preferred Stock, Percentage	8.50%	8.50%
Raycom [Member] | Preferred Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	650,000	650,000

Note 8 - Stock-based Compensa_3

Note 8 - Stock-based Compensation (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 16
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years 2 months 12 days

Note 8 - Stock-based Compensa_4

Note 8 - Stock-based Compensation - Stock-based Compensation Expense and Related Income Tax Benefit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock-based compensation expense, gross	$ 22	$ 14	$ 16
Income tax benefit at our statutory rate associated with stock-based compensation	(6)	(4)	(4)
Stock-based compensation expense, net	$ 16	$ 10	$ 12

Note 8 - Stock-based Compensa_5

Note 8 - Stock-based Compensation - Summary of Restricted Common Stock Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock [Member]
Outstanding, Shares (in shares)	1,035,728	917,533	977,547
Outstanding, Weighted average grant date fair value (in dollars per share)	$ 19.69	$ 16.84	$ 15.45
Granted, Shares (in shares)	400,927	731,374	359,481
Granted, Weighted average grant date fair value (in dollars per share)	$ 21.68	$ 19.73	$ 18.92
Vested, Shares (in shares)	(438,910)	(613,179)	(333,865)
Vested, Weighted average grant date fair value (in dollars per share)	$ 19.38	$ 15.48	$ 15.35
Forfeited, Shares (in shares)	0	0	(85,630)
Forfeited, Weighted average grant date fair value (in dollars per share)	$ 0	$ 0	$ 15.53
Outstanding, Shares (in shares)	997,745	1,035,728	917,533
Outstanding, Weighted average grant date fair value (in dollars per share)	$ 20.62	$ 19.69	$ 16.84
Restricted Stock [Member] | Common Class A [Member]
Outstanding, Shares (in shares)	720,421	480,042	449,284
Outstanding, Weighted average grant date fair value (in dollars per share)	$ 18.22	$ 16.10	$ 13.55
Granted, Shares (in shares)	250,448	488,918	166,814
Granted, Weighted average grant date fair value (in dollars per share)	$ 20.52	$ 18.66	$ 19.87
Vested, Shares (in shares)	(293,631)	(248,539)	(136,056)
Vested, Weighted average grant date fair value (in dollars per share)	$ 17.55	$ 15	$ 12.32
Outstanding, Shares (in shares)	677,238	720,421	480,042
Outstanding, Weighted average grant date fair value (in dollars per share)	$ 19.36	$ 18.22	$ 16.10
Restricted Stock Units (RSUs) [Member]
Outstanding, Shares (in shares)	125,247	90,184	398,000
Outstanding, Weighted average grant date fair value (in dollars per share)	$ 19.02	$ 18.92	$ 18.21
Granted, Shares (in shares)	259,079	95,115	93,184
Granted, Weighted average grant date fair value (in dollars per share)	$ 23.87	$ 19.05	$ 18.77
Vested, Shares (in shares)	(108,921)	(60,052)	(374,500)
Vested, Weighted average grant date fair value (in dollars per share)	$ 19.03	$ 18.92	$ 18.18
Forfeited, Shares (in shares)	(1,260)	0	(26,500)
Forfeited, Weighted average grant date fair value (in dollars per share)	$ 19.05	$ 0	$ 18.21
Outstanding, Shares (in shares)	274,145	125,247	90,184
Outstanding, Weighted average grant date fair value (in dollars per share)	$ 23.60	$ 19.02	$ 18.92

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Lease, Cost	$ 17	$ 12
Short-Term Lease, Cost	17	12
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 16	$ 21
Operating Lease, Weighted Average Remaining Lease Term (Year)	9 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	6.60%
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Lessee, Lease, Renewal Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	99 years
Lessee, Lease, Renewal Term (Year)	20 years

Note 9 - Leases - Maturities of

Note 9 - Leases - Maturities of Operating Lease Liabilities (Details) $ in Millions	Dec. 31, 2022 USD ($)
2023	$ 14
2024	13
2025	11
2026	10
2027	9
Thereafter	48
Total lease payments	105
Less: Imputed interest	(27)
Present value of lease liabilities	$ 78

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Increase (Decrease) in Obligation, Pension Benefits	$ (20)	$ (16)	$ 10
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax, Total	15	12	(8)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Total	(5)	(4)	2
Income Taxes Paid, Net, Total	180	149	70
Unrecognized Tax Benefits, Ending Balance	15	15	14	$ 14
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	1	$ 1
Proceeds from Income Tax Refunds			$ 21
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	344
Operating Loss Carryforwards That Will Not Be Realized	$ 226

Note 10 - Income Taxes - Federa

Note 10 - Income Taxes - Federal and State Income Tax Expense (Benefit) Summary (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Federal	$ 148	$ 74	$ 39
State and local	31	26	20
Current income tax expense	179	100	59
Federal	(21)	(12)	64
State and local	1	(10)	11
Deferred income tax (benefit) expense	(20)	(22)	75
Income tax expense as recorded	$ 159	$ 78	$ 134

Note 10 - Income Taxes - Signif

Note 10 - Income Taxes - Significant Components of Deferred Tax Liabilities and Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred tax liabilities:
Net book value of property and equipment	$ 143	$ 146
Broadcast licenses, goodwill and other intangible assets	1,363	1,373
Other	5	0
Total deferred tax liabilities	1,511	1,519
Deferred tax assets:
Liability for accrued bonus	11	9
State and local operating loss carryforwards	10	24
Interest expense limitation	17	4
Other	29	33
Total deferred tax assets	67	70
Valuation allowance for deferred tax assets	(10)	(22)
Net deferred tax assets	57	48
Deferred tax liabilities, net of deferred tax assets	$ 1,454	$ 1,471

Note 10 - Income Taxes - Reconc

Note 10 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statutory federal rate applied to income before income tax expense	$ 129	$ 35	$ 114
Current year permanent items	5	33	3
State and local taxes, net of federal tax benefit	26	10	27
Change in valuation allowance	0	0	1
Net operating loss carryback	0	0	(7)
Other items, net	(1)	0	(4)
Income tax expense as recorded	$ 159	$ 78	$ 134
Effective income tax rate	26%	46%	25%

Note 10 - Income Taxes - Activi

Note 10 - Income Taxes - Activity in Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance at beginning of period	$ 15	$ 14	$ 14
Additions based on tax positions related to prior years	0	3	0
Statute expirations	0	(2)	0
Balance at end of period	$ 15	$ 15	$ 14

Note 11 - Retirement Plans (Det

Note 11 - Retirement Plans (Details Textual) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	7.2
Defined Benefit Plan, Plan Assets, Amount, Ending Balance	$ 104	$ 119	$ 108
Pension Plan [Member] | Gray Pension Plan [Member]
Defined Benefit Plan, Accumulated Benefit Obligation	102	140
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	4
Capital Accumulation Plan [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount	17	15	13
Defined Contribution Plan, Expected Contributions In Next Twelve Months	$ 25
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	2.8
Capital Accumulation Plan [Member] | First 3% of Each Employee's Salary Deferral [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	1%
Capital Accumulation Plan [Member] | Next 2% of Each Employee's Salary Deferral [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5%
Profit Sharing Contribution [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 9	$ 7	$ 6
Meredith Plan [Member]
Defined Benefit Plan, Plan Assets, Amount, Ending Balance	14
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation	$ 11

Note 11 - Retirement Plans - Su

Note 11 - Retirement Plans - Summary of Funded Status and Amounts Recognized on Balance Sheets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Projected benefit obligation at beginning of year	$ 140	$ 151
Interest cost	4	4	$ 4
Actuarial (gain) loss	(38)	(11)
Benefits paid	(4)	(4)
Projected benefit obligation at end of year	102	140	151
Fair value of pension plan assets at beginning of year	119	108
Actual return on plan assets	(14)	12
Company contributions	4	4
Benefits paid	(5)	(5)
Fair value of pension plan assets at end of year	104	119	$ 108
Funded status of pension plan	2	(21)
Accrued benefit cost	21	15
Accumulated other comprehensive loss	(19)	(36)
Net asset (liability) recognized	$ 2	$ (21)

Note 11 - Retirement Plans - Es

Note 11 - Retirement Plans - Estimated Rate of Increase in Compensation Levels (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Discount rate	2.73%	2.38%
Expected long-term rate of return on pension plan assets	6.25%	6.25%
Discount rate	4.99%	2.73%

Note 11 - Retirement Plans - Co

Note 11 - Retirement Plans - Components of Net Periodic Benefit Cost for Pension Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest cost	$ 4	$ 4	$ 4
Expected return on plan assets	(8)	(7)	(6)
Recognized net actuarial loss	1	1	1
Net periodic pension benefit	$ (3)	$ (2)	$ (1)

Note 11 - Retirement Plans - _2

Note 11 - Retirement Plans - Estimated Future Benefit Payments for Subsequent Years (Details) $ in Millions	Dec. 31, 2022 USD ($)
2021	$ 5
2022	5
2023	5
2024	6
2025	6
2026 - 2030	$ 32

Note 11 - Retirement Plans - Al

Note 11 - Retirement Plans - Allocation of Plan Assets (Details)	Dec. 31, 2022	Dec. 31, 2021
Plan assets, percent	100%	100%
Insurance General Account [Member]
Plan assets, percent	14%	13%
Cash and Cash Equivalents [Member]
Plan assets, percent	4%	2%
Equity Securities [Member]
Plan assets, percent	51%	50%
Fixed Income Securities [Member]
Plan assets, percent	28%	33%
Real Estate [Member]
Plan assets, percent	3%	2%

Note 11 - Retirement Plans - Ta

Note 11 - Retirement Plans - Target Asset Allocation (Details)	Dec. 31, 2022
Large Cap Blend [Member]
Target range	27%
Large Cap Blend [Member] | Minimum [Member]
Target range	0%
Large Cap Blend [Member] | Maximum [Member]
Target range	50%
Mid-cap Blend [Member]
Target range	10%
Mid-cap Blend [Member] | Minimum [Member]
Target range	0%
Mid-cap Blend [Member] | Maximum [Member]
Target range	40%
Small Cap Blend [Member]
Target range	6%
Small Cap Blend [Member] | Minimum [Member]
Target range	0%
Small Cap Blend [Member] | Maximum [Member]
Target range	25%
Foreign Large Blend [Member]
Target range	11%
Foreign Large Blend [Member] | Minimum [Member]
Target range	0%
Foreign Large Blend [Member] | Maximum [Member]
Target range	40%
Emerging Markets [Member]
Target range	3%
Emerging Markets [Member] | Minimum [Member]
Target range	0%
Emerging Markets [Member] | Maximum [Member]
Target range	25%
Real Estate [Member]
Target range	3%
Real Estate [Member] | Minimum [Member]
Target range	0%
Real Estate [Member] | Maximum [Member]
Target range	20%
US Treasury Securities [Member]
Target range	3.50%
US Treasury Securities [Member] | Minimum [Member]
Target range	0%
US Treasury Securities [Member] | Maximum [Member]
Target range	25%
Intermediate Core Plus Bond [Member]
Target range	25%
Intermediate Core Plus Bond [Member] | Minimum [Member]
Target range	0%
Intermediate Core Plus Bond [Member] | Maximum [Member]
Target range	50%
Short-term Bond [Member]
Target range	3%
Short-term Bond [Member] | Minimum [Member]
Target range	0%
Short-term Bond [Member] | Maximum [Member]
Target range	25%
Bank Loan [Member]
Target range	0%
Bank Loan [Member] | Minimum [Member]
Target range	0%
Bank Loan [Member] | Maximum [Member]
Target range	25%
High Yield Bond [Member]
Target range	4%
High Yield Bond [Member] | Minimum [Member]
Target range	0%
High Yield Bond [Member] | Maximum [Member]
Target range	25%
Emerging Markets Bond [Member]
Target range	3%
Emerging Markets Bond [Member] | Minimum [Member]
Target range	0%
Emerging Markets Bond [Member] | Maximum [Member]
Target range	20%
Money Market Funds [Member]
Target range	1.50%
Money Market Funds [Member] | Minimum [Member]
Target range	0%
Money Market Funds [Member] | Maximum [Member]
Target range	100%

Note 11 - Retirement Plans - Pe

Note 11 - Retirement Plans - Pension Plan Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined benefit plan, fair value of plan assets	$ 104	$ 119	$ 108
Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of plan assets	89	104
Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of plan assets	15	15
Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of plan assets	0	0
Insurance General Account [Member]
Defined benefit plan, fair value of plan assets	15	15
Insurance General Account [Member] | Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of plan assets	0	0
Insurance General Account [Member] | Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of plan assets	15	15
Insurance General Account [Member] | Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of plan assets	0	0
Cash and Cash Equivalents [Member]
Defined benefit plan, fair value of plan assets	4	3
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of plan assets	4	3
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of plan assets	0	0
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of plan assets	0	0
Equity Securities [Member]
Defined benefit plan, fair value of plan assets	53	59
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of plan assets	53	59
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of plan assets	0	0
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of plan assets	0	0
Fixed Income Securities [Member]
Defined benefit plan, fair value of plan assets	29	39
Fixed Income Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of plan assets	29	39
Fixed Income Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of plan assets	0	0
Fixed Income Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of plan assets	0	0
Real Estate [Member]
Defined benefit plan, fair value of plan assets	3	3
Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of plan assets	3	3
Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of plan assets	0	0
Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of plan assets	$ 0	$ 0

Note 12 - Commitments and Con_3

Note 12 - Commitments and Contingencies - Commitments Summary (Details) $ in Millions	Dec. 31, 2022 USD ($)
Contractual obligations, 2023	$ 1,187
Contractual obligations, 2024	780
Contractual obligations, 2025	211
Contractual obligations, 2026	7
Contractual obligations, 2027	2
Contractual obligations, total	2,187
Assembly Development [Member]
Purchase obligations, 2023	156
Purchase obligations, 2024	0
Purchase obligations, 2025	0
Purchase obligations, 2026	0
Purchase obligations, 2027	0
Purchase obligations, total	156
Syndicated Television Programming [Member]
Purchase obligations, 2023	8
Purchase obligations, 2024	25
Purchase obligations, 2025	15
Purchase obligations, 2026	0
Purchase obligations, 2027	0
Purchase obligations, total	48
Network Affiliation Agreements [Member]
Purchase obligations, 2023	967
Purchase obligations, 2024	716
Purchase obligations, 2025	177
Purchase obligations, 2026	0
Purchase obligations, 2027	0
Purchase obligations, total	1,860
Service and Other Agreements [Member]
Purchase obligations, 2023	56
Purchase obligations, 2024	39
Purchase obligations, 2025	19
Purchase obligations, 2026	7
Purchase obligations, 2027	2
Purchase obligations, total	$ 123

Note 13 - Goodwill and Intang_3

Note 13 - Goodwill and Intangible Assets (Details Textual) $ in Millions	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 197
Finite-Lived Intangible Asset, Expected Amortization, Year Two	132
Finite-Lived Intangible Asset, Expected Amortization, Year Three	121
Finite-Lived Intangible Asset, Expected Amortization, Year Four	91
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 49

Note 13 - Goodwill and Intang_4

Note 13 - Goodwill and Intangible Assets - Changes in Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill	$ 2,649	$ 1,460
Goodwill, Net additions	14	1,211
Goodwill, Dispositions	0	(22)
Goodwill	2,663	2,649	$ 1,460
Broadcast licenses	5,303
Broadcast licenses	5,331	5,303
Finite-lived intangible assets	825	395
Finite-lived intangible assets, Net additions	18	547
Amortization of Intangible Assets	(207)	(117)	(105)
Finite-lived intangible assets	636	825	395
Total intangible assets net of accumulated amortization	8,777	5,434
Total intangible assets net of accumulated amortization, Net additions	60	3,529
Total intangible assets net of accumulated amortization, Dispositions	0	(69)
Total intangible assets net of accumulated amortization	8,630	8,777	5,434
Broadcast Licenses [Member]
Broadcast licenses	5,303	3,579
Indefinite-Lived Intangible Assets Acquired	28	1,771
Broadcast licenses, Dispositions	0
Broadcast licenses	$ 5,331	$ 5,303	$ 3,579

Note 13 - Goodwill and Intang_5

Note 13 - Goodwill and Intangible Assets - Summary of Changes in Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill, gross	$ 2,748	$ 1,559
Goodwill, Net additions	14	1,211
Goodwill, dispositions	0	(22)
Goodwill, gross	2,762	2,748
Accumulated goodwill impairment	(99)	(99)
Accumulated goodwill impairment	(99)	(99)
Goodwill	2,649	1,460
Goodwill	$ 2,663	$ 2,649

Note 13 - Goodwill and Intang_6

Note 13 - Goodwill and Intangible Assets - Intangible Assets and Related Accumulated Amortization (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill, Gross	$ 2,762	$ 2,748	$ 1,559
Goodwill	2,663	2,649	1,460
Other intangible assets, net	636	825	395
Total intangible assets, gross	9,321	9,260
Total intangible assets, accumulated amortization	(691)	(483)
Total intangible assets, net	8,630	8,777	$ 5,434
Network Affiliate [Member]
Finite-Lived Intangible Assets, Gross	218	204
Finite-Lived Intangible Assets, Accumulated Amortization	(88)	(44)
Other intangible assets, net	130	160
Other Intangible Assets [Member]
Finite-Lived Intangible Assets, Gross	1,055	1,051
Finite-Lived Intangible Assets, Accumulated Amortization	(549)	(386)
Other intangible assets, net	506	665
Intangible Assets Subject to Amortization [Member]
Finite-Lived Intangible Assets, Gross	1,273	1,255
Finite-Lived Intangible Assets, Accumulated Amortization	(637)	(430)
Other intangible assets, net	636	825
Broadcast Licenses [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Gross	5,385	5,356
Indefinite-Lived Intangible Assets (Excluding Goodwill), Accumulated Amortization	(54)	(53)
Indefinite-Lived Intangible Assets (Excluding Goodwill)	5,331	5,303
Goodwill Not Amortizable [Member]
Goodwill, Gross	2,663	2,649
Goodwill, Accumulated Amortization	0	0
Goodwill	2,663	2,649
Intangible Assets Not Subject to Amortization [Member]
Goodwill and Indefinite-Lived Intangible Assets, Gross	8,048	8,005
Goodwill and Indefinite-lived Intangible Assets, Accumulated Amortization	(54)	(53)
Goodwill and Indefinite-Lived Assets, Net	$ 7,994	$ 7,952

Note 14 - Segment Information_2

Note 14 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2022
Number of Operating Segments	2

Note 14 - Segment Information -

Note 14 - Segment Information - Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue (less agency commissions)	$ 3,676	$ 2,413	$ 2,381
Operating expenses before depreciation, amortization and loss on disposal of assets, net:	2,352	1,769	1,457
Depreciation and amortization	336	221	201
Gain on disposal of assets, net	(2)	42	(29)
Total operating expenses	2,686	2,032	1,629
Operating income (loss)	990	381	752
Interest expense	354	205	191
Capital expenditures (excluding business combinations)	436	207	110
Goodwill	2,663	2,649	1,460
Total assets	11,152	11,108	7,643
(Gain) loss on disposal of assets, net	(2)	42	(29)
Corporate, Non-Segment [Member]
Revenue (less agency commissions)	0	0	0
Operating expenses before depreciation, amortization and loss on disposal of assets, net:	104	159	65
Depreciation and amortization	3	3	3
Gain on disposal of assets, net	0	1	0
Total operating expenses	107	163	68
Operating income (loss)	(107)	(163)	(68)
Interest expense	354	205	191
Capital expenditures (excluding business combinations)	6	3	0
Goodwill	0	0	0
Total assets	173	247	871
(Gain) loss on disposal of assets, net	0	1	0
Broadcasting, Segment [Member]
Revenue (less agency commissions)	3,583	2,340	2,320
Operating expenses before depreciation, amortization and loss on disposal of assets, net:	2,165	1,548	1,340
Depreciation and amortization	321	206	186
Gain on disposal of assets, net	(2)	41	(31)
Total operating expenses	2,484	1,795	1,495
Operating income (loss)	1,099	545	825
Interest expense	0	0	0
Capital expenditures (excluding business combinations)	163	94	106
Goodwill	2,618	2,604	1,419
Total assets	10,444	10,592	6,631
(Gain) loss on disposal of assets, net	(2)	41	(31)
Production Companies, Segment [Member]
Revenue (less agency commissions)	93	73	61
Operating expenses before depreciation, amortization and loss on disposal of assets, net:	83	62	52
Depreciation and amortization	12	12	12
Gain on disposal of assets, net	0	0	2
Total operating expenses	95	74	66
Operating income (loss)	(2)	(1)	(5)
Interest expense	0	0	0
Capital expenditures (excluding business combinations)	267	110	4
Goodwill	45	45	41
Total assets	535	269	141
(Gain) loss on disposal of assets, net	$ 0	$ 0	$ 2

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - USD ($) $ in Millions			12 Months Ended
	Feb. 23, 2023	Feb. 15, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2025	Jan. 01, 2025
Proceeds from Lines of Credit, Total			$ 0	$ 250	$ 0
Long-Term Debt, Total			$ 6,500	$ 6,800
Interest Rate Cap [Member] | Forecast [Member]
Derivative, Notional Amount							$ 2,100
Derivative Fees Payable						$ 32
Subsequent Event [Member] | Interest Rate Cap [Member]
Derivative, Notional Amount	$ 2,600
Subsequent Event [Member] | Interest Rate Cap [Member] | Maximum [Member]
Derivative Instrument, Libor Rate	5%
Subsequent Event [Member] | Term Loan B [Member]
Long-Term Debt, Total	$ 295
Subsequent Event [Member] | Wells Fargo Bank, N.A. [Member]
Debt Instrument, Term (Year)	3 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 300
Proceeds from Lines of Credit, Total	$ 300
Subsequent Event [Member] | Wells Fargo Bank, N.A. [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
Subsequent Event [Member] | WPGA With Marquee Broadcasting Transaction [Member]
Business Combination, Consideration Transferred, Total		$ 6
KNIN With Marquee Broadcasting Transaction [Member] | Subsequent Event [Member]
Disposal Group, Including Discontinued Operation, Consideration		$ 6

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Summary of Valuation Allowance (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Beginning balance		$ 16	$ 10	$ 11
Charged to costs and expenses		1	4	2
Charged to other accounts		0	3	0
Deductions	[1]	(1)	(1)	(3)
Ending balance		16	16	10
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Beginning balance		22	15	14
Charged to costs and expenses		0	7	1
Charged to other accounts		(12)	0	0
Deductions				0
Ending balance		$ 10	$ 22	$ 15
[1]Deductions from allowance for doubtful accounts represent write-offs of receivable balances not considered collectible. The deduction from the valuation allowance for deferred tax assets represents changes in estimates of our future taxable income and our estimated future usage of certain net operating loss carryforwards, as well as expiration of certain net operating loss carryforwards.

Uncategorized Items - gtn202212

Label	Element	Value
Treasury Stock [Member]
us-gaap_TreasuryStockValueAcquiredCostMethod	us-gaap_TreasuryStockValueAcquiredCostMethod	$ 50,000,000
us-gaap_TreasuryStockSharesAcquired	us-gaap_TreasuryStockSharesAcquired	2,646,193
Common Stock [Member]
us-gaap_TreasuryStockValueAcquiredCostMethod	us-gaap_TreasuryStockValueAcquiredCostMethod	$ 0
us-gaap_TreasuryStockSharesAcquired	us-gaap_TreasuryStockSharesAcquired	0
Retained Earnings [Member]
us-gaap_TreasuryStockValueAcquiredCostMethod	us-gaap_TreasuryStockValueAcquiredCostMethod	$ 0
AOCI Attributable to Parent [Member]
us-gaap_TreasuryStockValueAcquiredCostMethod	us-gaap_TreasuryStockValueAcquiredCostMethod	0
Common Class A [Member] | Treasury Stock [Member]
us-gaap_TreasuryStockValueAcquiredCostMethod	us-gaap_TreasuryStockValueAcquiredCostMethod	$ 0
us-gaap_TreasuryStockSharesAcquired	us-gaap_TreasuryStockSharesAcquired	0
Common Class A [Member] | Common Stock [Member]
us-gaap_TreasuryStockValueAcquiredCostMethod	us-gaap_TreasuryStockValueAcquiredCostMethod	$ 0
us-gaap_TreasuryStockSharesAcquired	us-gaap_TreasuryStockSharesAcquired	0