v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 1,807 $ 5,109
Accounts receivable, net of allowance for credit losses of $892 and $1,671, respectively 30,350 33,326
Current programming rights 310 655
Prepaid expenses and other current assets 1,033 2,556
Assets held for sale 700 427
Total current assets 34,200 42,073
PROPERTY AND EQUIPMENT, NET 14,838 17,639
GOODWILL 8,403 8,403
INTANGIBLE ASSETS, NET 171,394 172,718
OPERATING LEASE RIGHT OF USE ASSETS 39,225 45,830
OTHER NONCURRENT ASSETS 3,935 4,395
Total assets 271,995 291,058
CURRENT LIABILITIES:    
Accounts payable 44,336 36,913
Accrued expenses 13,581 14,815
Current maturities of long-term debt 74,956 10,000
Accrued salaries and commissions 3,547 5,337
Deferred revenue 7,194 9,598
Operating lease liabilities 5,852 6,746
Income taxes payable 5,357 4,972
Other current liabilities 1,400 2,683
Total current liabilities 156,223 91,064
LONG TERM DEBT, NET OF CURRENT 0 63,284
SERIES B PREFERRED STOCK 44,547 41,320
OPERATING LEASE LIABILITIES, NET OF CURRENT 28,998 36,007
UNRECOGNIZED TAX LIABILITY 8,838 8,386
OTHER NONCURRENT LIABILITIES 4,747 4,683
Total liabilities 243,353 244,744
COMMITMENTS AND CONTINGENCIES (See Note 9)
EQUITY:    
Additional paid-in capital 140,572 140,269
Accumulated deficit (112,753) (94,772)
Total equity 28,642 46,314
Total liabilities and equity 271,995 291,058
Class A common stock    
EQUITY:    
Common stock 769 763
Class B common stock    
EQUITY:    
Common stock 54 54
Class C Common Stock    
EQUITY:    
Common stock $ 0 $ 0