v3.26.1
Condensed Combined Debtors' Financial Statements - Schedule of Debtors' Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Condensed Income Statements, Captions [Line Items]            
Net revenue $ 167,907   $ 186,017   $ 332,354 $ 373,366
Operating expenses:            
Content costs 55,625   59,426   121,517 138,757
Selling, general and administrative expenses 85,856   93,227   170,260 186,606
Depreciation and amortization 12,305   14,016   24,582 28,790
Corporate expenses 11,876   14,150   40,548 28,767
(Gain) loss on sale or disposal of assets or stations (82)   100   (458) 122
Total operating expenses 165,580   182,339   356,449 384,462
Operating income (loss) 2,327   3,678   (24,095) (11,096)
Non-operating expense:            
Reorganization items, net (7,580)   0   14,432 0
Interest expense (excludes contractual interest of 14,098 and 18,324 for the second quarter and first half of 2026, respectively) (3,044)   (16,307)   (15,088) (32,329)
Interest income 0   202   184 288
Other expense, net (32)   (22)   (84) (32)
Total non-operating expense, net (10,656)   (16,127)   (556) (32,073)
Loss before income taxes (8,329)   (12,449)   (24,651) (43,169)
Income tax expense (881)   (372)   (1,421) (2,019)
Net loss (9,210) $ (16,862) $ (12,821) $ (32,367) (26,072) $ (45,188)
Contractual interest 14,098       18,324  
Reorganization, Chapter 11, Debtor-in-Possession            
Condensed Income Statements, Captions [Line Items]            
Net revenue 167,907       332,354  
Operating expenses:            
Content costs 55,625       121,517  
Selling, general and administrative expenses 85,856       170,260  
Depreciation and amortization 12,305       24,582  
Corporate expenses 11,876       40,548  
(Gain) loss on sale or disposal of assets or stations (82)       (458)  
Total operating expenses 165,580       356,449  
Operating income (loss) 2,327       (24,095)  
Non-operating expense:            
Reorganization items, net (7,580)       14,432  
Interest expense (excludes contractual interest of 14,098 and 18,324 for the second quarter and first half of 2026, respectively) (3,044)       (15,088)  
Interest income 0       184  
Other expense, net (32)       (84)  
Total non-operating expense, net (10,656)       (556)  
Loss before income taxes (8,329)       (24,651)  
Income tax expense (881)       (1,421)  
Net loss (9,210)       (26,072)  
Contractual interest $ 14,098       $ 18,324