v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,694 $ 63,836
Accounts receivable, less allowance for doubtful accounts of $4,311 and $4,540 at March 31, 2025 and December 31, 2024, respectively 150,785 161,986
Trade receivable 2,426 2,854
Prepaid expenses and other current assets 22,999 19,375
Total current assets 228,904 248,051
Property and equipment, net 142,680 161,271
Operating lease right-of-use assets 99,062 102,183
Broadcast licenses 518,165 518,165
Other intangible assets, net 72,877 76,957
Other assets 10,163 12,022
Total assets 1,071,851 1,118,649
Current liabilities:    
Accounts payable and accrued expenses 107,574 105,025
Current portion of operating lease liabilities 25,728 26,323
Trade payable 2,658 2,430
Current portion of term loan 1,203 0
Total current liabilities 137,163 133,778
Long-term debt 666,538 669,041
Operating lease liabilities 96,934 99,343
Financing liabilities, net 185,428 199,691
Other liabilities 6,890 7,520
Deferred income tax liabilities 3,739 2,325
Total liabilities 1,096,692 1,111,698
Commitments and contingencies (Note 9)
Stockholders’ (deficit) equity:    
Treasury stock, at cost, 5,815,111 and 5,481,216 shares at March 31, 2025 and December 31, 2024, respectively (47,107) (46,833)
Additional paid-in-capital 359,290 358,441
Accumulated deficit (337,024) (304,657)
Total stockholders’ (deficit) equity (24,841) 6,951
Total liabilities and stockholders’ (deficit) equity 1,071,851 1,118,649
Class A Common Stock    
Stockholders’ (deficit) equity:    
Common stock 0 0
Class B Common Stock    
Stockholders’ (deficit) equity:    
Common stock $ 0 $ 0