| Schedule of Net Revenues |
The following tables show the sources of the Company’s net revenue by contract type and segment for the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Radio
Broadcasting | | Reach
Media | | Digital | | Cable
Television | | All Other - Corporate/Eliminations | | Consolidated | | Three Months Ended March 31, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | Radio advertising | $ | 27,850 | | $ | 4,839 | | $ | — | | $ | — | | $ | (565) | | | $ | 32,124 | | Political advertising | 896 | | — | | 4 | | — | | — | | 900 | | Digital advertising | — | | — | | 6,784 | | — | | — | | 6,784 | | Cable Television advertising | — | | — | | — | | 19,095 | | — | | 19,095 | | Cable Television affiliate fees | — | | — | | — | | 16,877 | | — | | 16,877 | | Event revenues & other | 1,790 | | 21 | | — | | 60 | | — | | 1,871 | | Net revenue | $ | 30,536 | | $ | 4,860 | | $ | 6,788 | | $ | 36,032 | | $ | (565) | | $ | 77,651 | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | Radio advertising | $ | 31,050 | | $ | 5,800 | | $ | — | | $ | — | | $ | (633) | | | $ | 36,217 | | Political advertising | 149 | | — | | 1 | | — | | — | | 150 | | Digital advertising | — | | — | | 10,211 | | — | | — | | 10,211 | | Cable Television advertising | — | | — | | — | | 25,425 | | — | | 25,425 | | Cable Television affiliate fees | — | | — | | — | | 18,717 | | — | | 18,717 | | Event revenues & other | 1,411 | | 53 | | — | | 51 | | — | | 1,515 | | Net revenue | $ | 32,610 | | $ | 5,853 | | $ | 10,212 | | $ | 44,193 | | $ | (633) | | $ | 92,235 |
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| Schedule of Contract Assets and Contract Liabilities |
Contract assets and contract liabilities that are not separately stated in the Company’s unaudited condensed consolidated balance sheet as of March 31, 2026, and consolidated balance sheet as of December 31, 2025 were as follows: | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | | | | | (In thousands) | | Contract assets: | | | | | Unbilled receivables | $ | 2,134 | | | $ | 4,586 | | | | | | | Contract liabilities: | | | | | Customer advances and unearned income | $ | 2,331 | | | $ | 2,754 | | | Reserve for audience deficiency | 12,135 | | | 14,217 | | | Unearned event income | 102 | | | 90 | | | | | |
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