v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (includes restricted cash of $4,218 and $0, respectively) $ 61,111 $ 81,979
Accounts receivable, less allowance for doubtful accounts of $4,705 and $4,097 at June 30, 2026 and December 31, 2025, respectively 113,121 134,136
Trade receivable 7,507 7,251
Prepaid expenses and other current assets 28,165 19,481
Total current assets 209,904 242,847
Property and equipment, net 121,807 120,765
Operating lease right-of-use assets 95,216 102,387
Broadcast licenses 407,151 407,908
Other intangible assets, net 51,578 59,782
Other assets 9,079 7,271
Total assets 894,735 940,960
Current liabilities:    
Accounts payable and accrued expenses 54,325 104,133
Current portion of operating lease liabilities 412 27,456
Trade payable 686 2,480
Current portion of debt 2,028 23,870
Total current liabilities not subject to compromise 57,451 157,939
Long-term debt 0 694,808
Operating lease liabilities 1,051 96,104
Financing liabilities, net 0 176,194
Other liabilities 8,187 7,436
Deferred income tax liabilities 1,165 0
Total liabilities not subject to compromise 67,854 1,132,481
Liabilities subject to compromise 1,044,026 0
Total liabilities 1,111,880 1,132,481
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Treasury stock, at cost, 6,028,596 and 5,815,111 shares at June 30, 2026 and December 31, 2025, respectively (47,131) (47,107)
Additional paid-in-capital 361,417 360,945
Accumulated deficit (531,431) (505,359)
Total stockholders’ deficit (217,145) (191,521)
Total liabilities and stockholders’ deficit 894,735 940,960
Class A Common Stock    
Stockholders’ deficit:    
Common stock 0 0
Class B Common Stock    
Stockholders’ deficit:    
Common stock $ 0 $ 0