| Schedule of Net Revenues |
The following tables show the sources of the Company’s net revenue by contract type and segment for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Radio
Broadcasting | | Reach
Media | | Digital(1) | | Cable Television(1) | | All Other - Corporate/Eliminations | | Consolidated | | Three Months Ended June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | Radio advertising | $ | 34,028 | | $ | 5,300 | | $ | — | | $ | — | | $ | (701) | | | $ | 38,627 | | Political advertising | 241 | | — | | 13 | | — | | — | | 254 | | Digital advertising | — | | — | | 10,241 | | — | | — | | 10,241 | | Cable Television advertising | — | | — | | — | | 22,977 | | — | | 22,977 | | Cable Television affiliate fees | — | | — | | — | | 17,061 | | — | | 17,061 | | Event revenues & other | 2,424 | | 15 | | — | | 32 | | — | | 2,471 | | Net revenue | $ | 36,693 | | $ | 5,315 | | $ | 10,254 | | $ | 40,070 | | $ | (701) | | $ | 91,631 | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | Radio advertising | $ | 37,235 | | $ | 8,845 | | $ | — | | $ | — | | $ | (659) | | | $ | 45,421 | | Political advertising | 1,344 | | 450 | | 358 | | — | | — | | 2,152 | Digital advertising(1) | — | | — | | 13,714 | | — | | — | | 13,714 | Cable Television advertising(1) | — | | — | | — | | 23,985 | | — | | 23,985 | | Cable Television affiliate fees | — | | — | | — | | 19,315 | | — | | 19,315 | | Event revenues & other | 3,420 | | 9,634 | | — | | 12 | | 91 | | 13,157 | | Net revenue | $ | 41,999 | | $ | 18,929 | | $ | 14,072 | | $ | 43,312 | | $ | (568) | | $ | 117,744 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Radio
Broadcasting | | Reach
Media | | Digital(1) | | Cable Television(1) | | All Other - Corporate/Eliminations | | Consolidated | | Six Months Ended June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | Radio advertising | $ | 65,078 | | $ | 11,100 | | $ | — | | $ | — | | $ | (1,334) | | | $ | 74,844 | | Political advertising | 390 | | — | | 14 | | — | | — | | 404 | | Digital advertising | — | | — | | 20,452 | | — | | — | | 20,452 | | Cable Television advertising | — | | — | | — | | 48,402 | | — | | 48,402 | | Cable Television affiliate fees | — | | — | | — | | 35,778 | | — | | 35,778 | | Event revenues & other | 3,835 | | 68 | | — | | 83 | | — | | 3,986 | | Net revenue | $ | 69,303 | | $ | 11,168 | | $ | 20,466 | | $ | 84,263 | | $ | (1,334) | | $ | 183,866 | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | Radio advertising | $ | 70,988 | | $ | 17,226 | | $ | — | | $ | — | | $ | (1,453) | | | $ | 86,761 | | Political advertising | 2,511 | | 498 | | 379 | | — | | — | | 3,388 | Digital advertising(1) | — | | — | | 25,881 | | — | | — | | 25,881 | Cable Television advertising(1) | — | | — | | — | | 51,129 | | — | | 51,129 | | Cable Television affiliate fees | — | | — | | — | | 40,103 | | — | | 40,103 | | Event revenues & other | 4,851 | | 9,677 | | — | | 85 | | 279 | | 14,892 | | Net revenue | $ | 78,350 | | $ | 27,401 | | $ | 26,260 | | $ | 91,317 | | $ | (1,174) | | $ | 222,154 |
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| Schedule of Contract Assets and Liabilities |
Contract assets and contract liabilities that are not separately stated in the Company’s unaudited condensed consolidated balance sheet as of June 30, 2025, and consolidated balance sheet as of December 31, 2024 were as follows: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | | (In thousands) | | Contract assets: | | | | | Unbilled receivables | $ | 3,265 | | | $ | 5,969 | | | | | | | Contract liabilities: | | | | | Customer advances and unearned income | $ | 3,101 | | | $ | 2,200 | | | Reserve for audience deficiency | 17,236 | | | 22,383 | | | Unearned event income | 1,468 | | | 1,152 | | | | | |
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