Going Concern	6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]
Going Concern	(12) Going Concern In accordance with Accounting Standards Codification Topic 205-40, the Company’s management evaluates whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for at least one year from the date of issuance of the financial statements included in this report. Conditions and Events The Company has a history of net losses and negative operating cash flows and may continue to incur additional losses due to downward trends in the traditional radio industry. Notwithstanding the improvement in the Company's financial position and the reduction in long-term debt as a result of debt restructuring, the Company's ABL Credit Facility contains covenants including a minimum liquidity requirement. Management has determined that substantial doubt is raised about the Company's ability to continue as a going concern through at least August 31, 2027. This evaluation includes considerations related to the Company's forecasted liquidity and cash consumption requirements, its current business plan, and revenue prospects. Management’s Plans In response to the conditions and events described above, management is executing cash management and strategic operational plans that include (i) on-going cost reduction initiatives including but not limited to workforce reductions and vendor renegotiations; (ii) strategies to grow higher-margin digital and local direct revenues; and (iii) initiatives to enhance liquidity and reduce leverage, including monetization of non-core assets, disciplined working capital management, and capital raising activities. Based on the Company’s cash balance, the current maturities of its existing debt facilities, its current business plan, and revenue prospects, and taking into account the plans described above, the Company believes that it will have sufficient cash resources and anticipated cash flows to fund its operations and meet its covenant requirements for at least the next 12 months. Accordingly, management has concluded that its plans, when implemented, are sufficient to alleviate substantial doubt about the Company’s ability to continue as a going concern for at least one year from the date the financial statements are issued.

Going Concern

6 Months Ended

Jun. 30, 2026

(12)

Going Concern

In accordance with Accounting Standards Codification Topic 205-40, the Company’s management evaluates whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for at least one year from the date of issuance of the financial statements included in this report.

Conditions and Events

The Company has a history of net losses and negative operating cash flows and may continue to incur additional losses due to downward trends in the traditional radio industry. Notwithstanding the improvement in the Company's financial position and the reduction in long-term debt as a result of debt restructuring, the Company's ABL Credit Facility contains covenants including a minimum liquidity requirement.

Management has determined that substantial doubt is raised about the Company's ability to continue as a going concern through at least August 31, 2027. This evaluation includes considerations related to the Company's forecasted liquidity and cash consumption requirements, its current business plan, and revenue prospects.

Management’s Plans

In response to the conditions and events described above, management is executing cash management and strategic operational plans that include (i) on-going cost reduction initiatives including but not limited to workforce reductions and vendor renegotiations; (ii) strategies to grow higher-margin digital and local direct revenues; and (iii) initiatives to enhance liquidity and reduce leverage, including monetization of non-core assets, disciplined working capital management, and capital raising activities.

Based on the Company’s cash balance, the current maturities of its existing debt facilities, its current business plan, and revenue prospects, and taking into account the plans described above, the Company believes that it will have sufficient cash resources and anticipated cash flows to fund its operations and meet its covenant requirements for at least the next 12 months. Accordingly, management has concluded that its plans, when implemented, are sufficient to alleviate substantial doubt about the Company’s ability to continue as a going concern for at least one year from the date the financial statements are issued.