PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Property, Plant and Equipment [Abstract] |
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| Schedule of Property, Plant and Equipment |
The Company’s property, plant and equipment consisted of the following classes of assets: | | | | | | | | | | | | | (In thousands) | March 31,
2025 | | December 31,
2024 | | Land, buildings and improvements | $ | 330,339 | | | $ | 335,502 | | | Towers, transmitters and studio equipment | 208,588 | | | 207,349 | | | Computer equipment and software | 750,168 | | | 741,259 | | | Furniture and other equipment | 54,029 | | | 54,108 | | | Construction in progress | 11,198 | | | 12,186 | | | 1,354,322 | | | 1,350,404 | | | Less: accumulated depreciation | 889,480 | | | 860,561 | | | Property, plant and equipment, net | $ | 464,842 | | | $ | 489,843 | |
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| Schedule of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets |
The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets. | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | March 31, 2025 | | December 31, 2024 | | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | | Customer / advertiser relationships | $ | 1,652,623 | | | $ | (1,001,545) | | | $ | 1,652,623 | | | $ | (967,377) | | | Talent and other contracts | 338,900 | | | (256,409) | | | 338,900 | | | (245,909) | | | Trademarks and tradenames | 335,912 | | | (198,947) | | | 335,912 | | | (190,450) | | | Other | 18,003 | | | (14,674) | | | 18,003 | | | (14,120) | | | Total | $ | 2,345,438 | | | $ | (1,471,575) | | | $ | 2,345,438 | | | $ | (1,417,856) | |
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| Schedule of Future Amortization Expense |
The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: | | | | | | | (In thousands) | | | 2026 | $ | 201,512 | | | 2027 | 176,171 | | | 2028 | 160,395 | | | 2029 | 121,622 | | | 2030 | 16,430 | |
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| Schedule of Changes in Carrying Amount of Goodwill |
The following table presents the changes in the carrying amount of goodwill: | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Multiplatform Group | | Digital Audio Group | | Audio & Media Services Group | | Consolidated | Balance as of December 31, 2024(1) | $ | 731,501 | | | $ | 311,353 | | | $ | 62,302 | | | $ | 1,105,156 | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency | — | | | — | | | 114 | | | 114 | | | | | | | | | | | | | | | | | | Balance as of March 31, 2025 | $ | 731,501 | | | $ | 311,353 | | | $ | 62,416 | | | $ | 1,105,270 | | | | | | | | | | | | | | | | | |
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