v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
NET REVENUE $ 91,631 $ 117,744 $ 183,866 $ 222,154
OPERATING EXPENSES:        
Programming and technical, including stock-based compensation of $14, $7, $29, and $14 respectively 28,661 33,263 59,274 65,929
Selling, general and administrative, including stock-based compensation of $560, $1,072, $1,221, and $2,449 respectively (a) 50,053 61,151 100,819 118,157
Depreciation and amortization 3,523 2,993 5,838 4,843
Impairment of goodwill and intangible assets 130,078 80,758 136,521 80,758
Total operating expenses 212,315 178,165 302,452 269,687
Operating loss (120,684) (60,421) (118,586) (47,533)
INTEREST AND INVESTMENT INCOME 616 1,777 1,582 3,775
INTEREST EXPENSE (9,704) (12,404) (20,628) (25,402)
GAIN ON RETIREMENT OF DEBT 30,297 7,425 41,884 15,299
OTHER INCOME, NET 124 14 316 900
Loss from consolidated operations before benefit from income taxes (99,351) (63,609) (95,432) (52,961)
BENEFIT FROM INCOME TAXES 21,382 18,512 5,724 16,010
NET LOSS FROM CONSOLIDATED OPERATIONS (77,969) (45,097) (89,708) (36,951)
LOSS FROM UNCONSOLIDATED JOINT VENTURE 0 0 0 (411)
NET LOSS (77,969) (45,097) (89,708) (37,362)
NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS (67) 334 (64) 576
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (77,902) $ (45,431) $ (89,644) $ (37,938)
NET LOSS TO COMMON STOCKHOLDERS (per share)        
Basic (USD per share) $ (1.74) $ (0.94) $ (2.00) $ (0.78)
Diluted (USD per share) $ (1.74) $ (0.94) $ (2.00) $ (0.78)
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
Basic (shares) 44,738,306 48,483,639 44,768,280 48,434,513
Diluted (shares) 44,738,306 48,483,639 44,768,280 48,434,513