v3.25.2
SEGMENT INFORMATION - Segment Data (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
SEGMENT INFORMATION        
NET REVENUE $ 91,631 $ 117,744 $ 183,866 $ 222,154
OPERATING EXPENSES:        
Programming and technical 28,661 33,263 59,274 65,929
Depreciation and amortization     5,838 4,843
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)
Number of reportable segments | segment     4  
Consolidated 1,218 2,224 $ 3,765 4,039
Operating Segments        
OPERATING EXPENSES:        
Segment Adjusted EBITDA 23,197 31,688 44,144 60,800
Less: Corporate/Eliminations/Other (9,237) (2,766) (17,327) (9,621)
Corporate costs(a) 362 3,488 1,109 8,847
Severance-related costs 0 516 219 580
Loss from ceased non-core business initiatives 107 509 466 1,221
Stock-based compensation 574 1,079 1,250 2,463
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
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)
Operating Segments | Radio Broadcasting        
SEGMENT INFORMATION        
NET REVENUE 36,693 41,999 69,303 78,350
OPERATING EXPENSES:        
Programming and technical 9,993 11,436 21,286 22,765
Sales and marketing 13,389 13,161 24,935 24,555
General and administrative 6,373 7,661 13,423 15,727
Other segment income (expenses) 0 (246) 127 (174)
Segment Adjusted EBITDA 6,938 9,495 9,786 15,129
Segment, expenditure, addition to long-lived assets 590 1,753    
Consolidated     2,725 2,837
Operating Segments | Reach Media        
SEGMENT INFORMATION        
NET REVENUE 5,315 18,929 11,168 27,401
OPERATING EXPENSES:        
Programming and technical 3,178 3,641 6,546 7,125
Sales and marketing 3,053 11,046 5,178 13,225
General and administrative 735 793 1,761 1,763
Other segment income (expenses) 0 8 115 (1)
Segment Adjusted EBITDA (1,651) 3,457 (2,202) 5,287
Segment, expenditure, addition to long-lived assets 8 19    
Consolidated     8 29
Operating Segments | Digital        
SEGMENT INFORMATION        
NET REVENUE 10,254 14,072 20,466 26,260
OPERATING EXPENSES:        
Programming and technical 3,267 3,520 6,454 7,023
Sales and marketing 6,572 7,491 13,359 13,195
General and administrative 561 347 745 981
Other segment income (expenses) 0 0 4 0
Segment Adjusted EBITDA (146) 2,714 (88) 5,061
Segment, expenditure, addition to long-lived assets 380 431    
Consolidated     664 878
Operating Segments | Cable Television        
SEGMENT INFORMATION        
NET REVENUE 40,070 43,312 84,263 91,317
OPERATING EXPENSES:        
Programming and technical 12,372 14,913 25,281 29,513
Sales and marketing 5,831 8,308 14,927 18,447
General and administrative 3,811 4,158 7,406 8,123
Other segment income (expenses) 0 89 (1) 89
Segment Adjusted EBITDA 18,056 16,022 36,648 35,323
Segment, expenditure, addition to long-lived assets 0 0    
Consolidated     0 69
Eliminations        
SEGMENT INFORMATION        
NET REVENUE (701) (568) (1,334) (1,174)
OPERATING EXPENSES:        
Consolidated $ 240 $ 21 $ 368 $ 226