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

12 Months Ended

Dec. 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 December 31, 2020 (Successor) and 2019 (Successor), respectively:

(In thousands)			Successor Company
			December 31, 2020						December 31, 2019
Land, buildings and improvements			$	386,980					$	385,017
Towers, transmitters and studio equipment			169,788						156,739
Computer equipment and software			398,084						321,936
Furniture and other equipment			45,711						39,591
Construction in progress			25,073						21,287
			1,025,636						924,570
Less: accumulated depreciation			213,934						77,694
Property, plant and equipment, net			$	811,702					$	846,876

Schedule of Finite-Lived Intangible Assets

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of December 31, 2020 (Successor) and December 31, 2019 (Successor), respectively:

(In thousands)			Successor Company
			December 31, 2020												December 31, 2019
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Customer / advertiser relationships			$	1,620,509					$	(286,066)					$	1,629,236					$	(114,280)
Talent and other contracts			375,900						(84,065)						375,399						(33,739)
Trademarks and tradenames			326,061						(54,358)						321,977						(21,661)
Other			31,351						(4,840)						21,394						(1,786)
Total			$	2,353,821					$	(429,329)					$	2,348,006					$	(171,466)

Schedule of Estimated 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			$	260,976
2022			259,364
2023			250,153
2024			249,116
2025			211,262

Schedule of Changes in the 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			44,606						—						44,606
Dispositions			(164)						—						(164)
Foreign currency			—						245						245
Balance as of December 31, 2020 (Successor)			$	2,041,536					$	104,399					$	2,145,935

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