SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Detailed segment data for the three months ended March 31, 2026 and 2025 is presented in the following table:


									Three Months Ended March 31, 2026
									(in thousands)
									Radio Broadcasting						Reach Media						Digital						Cable Television



NET REVENUE									$	30,536					$	4,860					$	6,788					$	36,032
Less:
Programming and technical									11,606						3,083						3,040						12,446
Sales and marketing									10,518						1,643						4,627						7,403
General and administrative									6,641						735						488						3,239

Add back:
Severance-related costs									48						72						6						—


Segment Adjusted EBITDA									$	1,819					$	(529)					$	(1,361)					$	12,944


						Three Months Ended March 31, 2025
						(in thousands)
									Radio Broadcasting						Reach Media						Digital						Cable Television


NET REVENUE									$	32,610					$	5,853					$	10,212					$	44,193
Less:
Programming and technical									11,293						3,368						3,187						12,909
Sales and marketing									11,546						2,125						6,787						9,096
General and administrative									7,050						1,026						184						3,595

Add back/(deduct):
Severance-related costs									77						114						3						(1)
Other segment costs									50						1						1						—

Segment Adjusted EBITDA									$	2,848					$	(551)					$	58					$	18,592


			Three Months Ended March 31,
			2026						2025

			(in thousands)
Segment Adjusted EBITDA to (loss) income before benefit from (provision for) income taxes reconciliation
Segment Adjusted EBITDA			$	12,873					$	20,948

Less: Corporate/Eliminations/Other			(8,217)						(8,090)
Corporate costs			359						747


Severance-related costs			134						219



Loss from ceased non-core business initiatives			—						359



Stock-based compensation			201						676
Depreciation and amortization			6,177						2,315
Impairment of intangible assets			—						6,443
Interest and investment income			(8)						(966)
Interest expense			4,407						10,924
Gain on retirement of debt			(2,080)						(11,587)
Other expense (income), net			8						(192)
(Loss) income before benefit from (provision for) income taxes			$	(4,542)					$	3,919


			Three Months Ended March 31,
			2026						2025

			(In thousands)
Capital expenditures:
Radio Broadcasting			$	2,887					$	2,135
Reach Media			—						—
Digital			319						284
Cable Television			55						—
All other - corporate/eliminations			91						128
Consolidated			$	3,352					$	2,547