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

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019, respectively:



(In thousands)	Successor Company
	March 31, 2020		December 31, 2019
Land, buildings and improvements	$	386,084	$	385,017
Towers, transmitters and studio equipment	159,650		156,739
Furniture and other equipment	375,592		361,527
Construction in progress	25,051		21,287
	946,377		924,570
Less: accumulated depreciation	110,025		77,694
Property, plant and equipment, net	$	836,352	$	846,876

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 March 31, 2020 and December 31, 2019, respectively:



(In thousands)	Successor Company
	March 31, 2020					December 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer / advertiser relationships	1,629,231		(157,134		)	1,629,236		(114,280		)
Talent and other contracts	375,399		(46,391		)	375,399		(33,739		)
Trademarks and tradenames	321,977		(29,784		)	321,977		(21,661		)
Other	21,394		(2,457		)	21,394		(1,786		)
Total	$	2,348,001	$	(235,766	)	$	2,348,006	$	(171,466	)

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)
2021	$	256,654
2022	255,874
2023	247,521
2024	246,831
2025	209,046

Schedule of Changes In Carrying Amount Of Goodwill

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



(In thousands)	Audio			Audio & Media Services			Consolidated
Balance as of December 31, 2018 (Predecessor)	$	3,330,922		$	81,831		$	3,412,753
Acquisitions	—			2,767			2,767
Foreign currency	—			(28		)	(28		)
Balance as of May 1, 2019 (Predecessor)	$	3,330,922		$	84,570		$	3,415,492
Impact of fresh start accounting	(111,712		)	19,585			(92,127		)


Balance as of May 2, 2019 (Successor)	$	3,219,210		$	104,155		$	3,323,365
Acquisitions	4,637			—			4,637
Dispositions	(9,466		)	—			(9,466		)
Foreign currency	—			(1		)	(1		)
Other	7,087			—			7,087
Balance as of December 31, 2019 (Successor)	$	3,221,468		$	104,154		$	3,325,622
Impairment	(1,224,374		)	—			(1,224,374		)
Foreign currency	—			(44		)	(44		)
Balance as of March 31, 2020 (Successor)	$	1,997,094		$	104,110		$	2,101,204