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PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2019

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 as of June 30, 2019 (Successor) and December 31, 2018 (Predecessor), respectively:

(In thousands)	Successor Company					Predecessor Company
	June 30, 2019					December 31, 2018
Land, buildings and improvements	$	375,661				$	427,501
Towers, transmitters and studio equipment	152,274					365,991
Furniture and other equipment	280,726					591,601
Construction in progress	42,429					43,809
	851,090					1,428,902
Less: accumulated depreciation	16,858					926,700
Property, plant and equipment, net	$	834,232				$	502,202

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 as of June 30, 2019 (Successor) and December 31, 2018 (Predecessor), respectively:

(In thousands)	Successor Company									Predecessor Company
	June 30, 2019									December 31, 2018
	Gross Carrying Amount				Accumulated Amortization					Gross Carrying Amount				Accumulated Amortization
Customer / advertiser relationships	1,645,880				(29,095		)			1,326,636				(1,278,885		)
Talent contracts	373,000				(8,240		)			164,933				(148,578		)
Trademarks and tradenames	321,977				(4,977		)			—				—
Other	7,057				(195		)			376,978				(240,662		)
Total	$	2,347,914			$	(42,507	)			$	1,868,547			$	(1,668,125	)

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)
2020	$	21,253
2021	20,456
2022	19,234
2023	19,062
2024	17,978

Schedule of Changes In Carrying Amount Of Goodwill

The following table presents the changes in the carrying amount of goodwill:

(In thousands)	Consolidated
Balance as of December 31, 2017 (Predecessor)	$	3,337,039
Acquisitions	77,320
Dispositions	(1,606		)
Balance as of December 31, 2018 (Predecessor)	$	3,412,753
Acquisitions	2,767
Foreign currency	(28		)
Balance as of May 1, 2019	$	3,415,492
Impact of fresh start accounting	(92,127		)
Balance as of May 2, 2019 (Successor)	$	3,323,365
Acquisitions	4,637
Dispositions	(4,834		)
Foreign currency	39
Balance as of June 30, 2019 (Successor)	$	3,323,207

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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