v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 5,109 $ 4,443
Accounts receivable, net of allowance for credit losses of $1,671 and $1,079, respectively 33,326 30,745
Current programming rights 655 2,781
Other current assets 2,556 1,307
Assets held for sale 427 0
Total current assets 42,073 39,276
NONCURRENT ASSETS:    
Property and equipment, net 17,639 20,349
Goodwill 8,403 28,338
Intangible assets, net 172,718 178,889
Operating lease right of use assets 45,830 48,067
Other noncurrent assets 4,395 10,582
Total assets 291,058 325,501
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 51,728 35,425
Current maturities of long-term debt 10,000 0
Accrued salaries and commissions 5,337 1,010
Deferred revenue 9,598 10,921
Operating lease liabilities 6,746 6,401
Other current liabilities 2,683 1,511
Income taxes payable 4,972 2,023
Total current liabilities 91,065 57,291
LONG-TERM DEBT, NET OF CURRENT PORTION 63,284 70,172
WARRANT SHARES 0 32,155
SERIES B PREFERRED STOCK 41,320 35,553
OPERATING LEASE LIABILITIES, NET OF CURRENT 36,007 37,634
UNRECOGNIZED TAX LIABILITY 8,386 455
Other noncurrent liabilities 4,683 9,720
Total liabilities 244,744 242,980
COMMITMENTS AND CONTINGENCIES (NOTE 13)
EQUITY:    
Additional paid-in capital 140,269 89,726
Accumulated deficit (94,772) (28,074)
Total equity 46,314 62,119
Noncontrolling interests 0 20,402
Total equity and noncontrolling interests 46,314 82,521
Total liabilities and equity and noncontrolling interests 291,058 325,501
Class A Common Stock    
EQUITY:    
Common Stock 763 413
Class B Common Stock    
EQUITY:    
Common Stock 54 54
Class C Common Stock    
EQUITY:    
Common Stock $ 0 $ 0