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

9 Months Ended

Sep. 30, 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 September 30, 2020 and December 31, 2019, respectively:

(In thousands)			Successor Company
			September 30, 2020						December 31, 2019
Land, buildings and improvements			$	383,681					$	385,017
Towers, transmitters and studio equipment			165,999						156,739
Furniture and other equipment			407,318						361,527
Construction in progress			31,594						21,287
			988,592						924,570
Less: accumulated depreciation			176,728						77,694
Property, plant and equipment, net			$	811,864					$	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 September 30, 2020 and December 31, 2019, respectively:

(In thousands)			Successor Company
			September 30, 2020												December 31, 2019
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Customer / advertiser relationships			1,627,904						(242,970)						1,629,236						(114,280)
Talent and other contracts			375,600						(71,671)						375,399						(33,739)
Trademarks and tradenames			322,711						(46,072)						321,977						(21,661)
Other			25,249						(3,798)						21,394						(1,786)
Total			$	2,351,464					$	(364,511)					$	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			$	257,354
2022			256,573
2023			248,138
2024			247,364
2025			209,309

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)
Acquisitions			8,114						—						8,114
Foreign currency			—						124						124
Balance as of September 30, 2020 (Successor)			$	2,005,208					$	104,278					$	2,109,486

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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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