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SEGMENT DATA
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATAThe Company’s primary business is included in its Audio segment. Revenue and expenses earned and charged between Audio, Corporate and the Company's Audio & Media Services businesses are eliminated in consolidation.  The Audio segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s events and national syndication businesses.  The Audio & Media Services business provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS).  Corporate includes infrastructure and support, including executive, information technology, human resources, legal, finance and administrative functions for the Company’s businesses. Share-based payments are recorded in corporate expense.
In connection with a reorganization of the Company’s management structure after the Separation and emergence from the Chapter 11 Cases, the Company revised its segment reporting, as discussed in Note 1 and all prior periods have been restated to conform to this presentation.
The following tables present the Company's segment results for the Successor Company for the periods presented:
Successor Company
(In thousands)AudioAudio & Media ServicesCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended September 30, 2020
Revenue$671,297 $75,039 $— $(1,930)$744,406 
Direct operating expenses269,798 8,308 — (1,387)276,719 
Selling, general and administrative expenses
253,147 39,965 — (531)292,581 
Corporate expenses— — 34,669 (12)34,657 
Depreciation and amortization
90,901 5,894 2,584 — 99,379 
Impairment charges— — — — — 
Other operating expense, net
— — 1,675 — 1,675 
Operating income (loss)$57,451 $20,872 $(38,928)$— $39,395 
Intersegment revenues$168 $1,762 $— $— $1,930 
Capital expenditures $17,574 $850 $553 $— $18,977 
Share-based compensation expense
$— $— $5,885 $— $5,885 
Three Months Ended September 30, 2019
Revenue$890,364 $59,873 $— $(1,899)$948,338 
Direct operating expenses309,753 7,281 — (294)316,740 
Selling, general and administrative expenses
292,121 36,587 — (1,593)327,115 
Corporate expenses— — 58,525 (12)58,513 
Depreciation and amortization
87,620 5,971 1,677 — 95,268 
Other operating expense, net— — 9,880 — 9,880 
Operating income (loss)$200,870 $10,034 $(70,082)$— $140,822 
Intersegment revenues$168 $1,731 $— $— $1,899 
Capital expenditures$23,705 $1,994 $3,171 $— $28,870 
Share-based compensation expense
$— $— $17,112 $— $17,112 
The following table presents the Company's segment results for the Predecessor Company for the periods presented. The presentation of prior period amounts has been restated to conform to the presentation of the Successor period.
Predecessor Company
(In thousands)AudioAudio & Media ServicesCorporate and other reconciling itemsEliminationsConsolidated
Period from January 1, 2019 through May 1, 2019
Revenue$1,006,677 $69,362 $— $(2,568)$1,073,471 
Direct operating expenses371,989 9,559 — (364)381,184 
Selling, general and administrative expenses383,342 46,072 — (2,184)427,230 
Corporate expenses53,667 (20)53,647 
Depreciation and amortization41,233 5,266 6,335 — 52,834 
Impairment charges— — 91,382 — 91,382 
Other operating expense, net— — 154 — 154 
Operating income (loss)$210,113 $8,465 $(151,538)$— $67,040 
Intersegment revenues$243 $2,325 $— $— $2,568 
Capital expenditures$31,177 $1,263 $3,757 $— $36,197 
Share-based compensation expense$— $— $498 $— $498