v3.26.1
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
The Company’s property, plant and equipment consisted of the following classes of assets:
(In thousands)June 30,
2026
December 31,
2025
Land, buildings and improvements$304,406 $304,437 
Towers, transmitters and studio equipment216,043 215,697 
Computer equipment and software759,025 749,083 
Furniture and other equipment54,127 54,129 
Construction in progress43,683 11,895 
1,377,284 1,335,241 
Less: accumulated depreciation998,460 937,001 
Property, plant and equipment, net$378,824 $398,240 
Schedule of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets
The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets.
(In thousands)June 30, 2026December 31, 2025
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,388 $(1,170,033)$1,652,388 $(1,103,895)
Talent and other contracts338,900 (304,617)338,900 (287,167)
Trademarks and tradenames335,936 (240,305)335,936 (224,426)
Other18,003 (16,898)18,003 (15,962)
Total$2,345,227 $(1,731,853)$2,345,227 $(1,631,450)
Schedule of Future Amortization Expense
The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:
(In thousands)
2027$174,373 
2028157,673 
2029130,718 
203016,273 
203114,616 
Schedule of Changes in Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidated
Balance as of December 31, 2025(1)
$731,501 $311,353 $62,642 $1,105,496 
Foreign currency— — (78)(78)
Balance as of June 30, 2026
$731,501 $311,353 $62,564 $1,105,418 
(1)Beginning goodwill balance is presented net of prior accumulated impairment losses of $2.0 billion related to its Multiplatform Group, $439.4 million related to its Digital Audio Group and $41.6 million related to its Audio & Media Services Group.