On February 20, 2026, the Company completed a sale of land in Ocean Township, NJ to a third party for $1.4 million in cash. The Company recorded a gain on disposition of $0.4 million during the first quarter of 2026.

On February 6, 2026, the Company completed the sale of substantially all of the assets used in the operations of WRXK-FM and WXKB-FM in Fort Myers, FL to a third party for $9.0 million in cash and substantially all of the assets used in the operations of WBCN-AM, WJPT-FM and WWCN-FM in Fort Myers, FL to another third party for $9.0 million in cash. The Company recorded a gain on disposition of $12.2 million during the first quarter of 2026.

On January 27, 2025, the Company completed a sale of land in Belmar, NJ to a third party for $2.8 million in cash. The Company recorded a gain on disposition of $1.7 million during the first quarter of 2025. The gain on disposition was reclassified from other income (expense), net to gain on dispositions in the accompanying condensed consolidated statement of net loss for the three months ended March 31, 2025.