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SEGMENT DATA (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Schedule of Reportable Segment Results | The following tables present the Company's segment results for the Company for the three months ended March 31, 2021 and 2020:
| Segments |  |  |  |  |  |
(In thousands) | Multiplatform Group |  | Digital Audio Group |  | Audio & Media Services Group |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended March 31, 2021
Revenue | $ | 497,897 |  |  | $ | 157,553 |  |  | $ | 55,137 |  |  | $ | — |  |  | $ | (3,922) |  |  | $ | 706,665 |
Operating expenses(1) | 393,106 |  |  | 117,542 |  |  | 39,788 |  |  | 57,904 |  |  | (3,922) |  |  | 604,418 |
Adjusted EBITDA(2) | $ | 104,791 |  |  | $ | 40,011 |  |  | $ | 15,349 |  |  | $ | (57,904) |  |  | $ | — |  |  | $ | 102,247 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  | (107,363) |
Impairment charges |  |  |  |  |  |  |  |  |  |  | (37,744) |
Other operating expense, net |  |  |  |  |  |  |  |  |  |  | (2,771) |
Restructuring expenses |  |  |  |  |  |  |  |  |  |  | (25,040) |
Share-based compensation expense |  |  |  |  |  |  |  |  |  |  | (5,685) |
Operating loss |  |  |  |  |  |  |  |  |  |  | $ | (76,356) |
Intersegment revenues | $ | 167 |  |  | $ | 1,894 |  |  | $ | 1,861 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,922 |
Capital expenditures | $ | 10,069 |  |  | $ | 5,425 |  |  | $ | 1,047 |  |  | $ | 2,409 |  |  | $ | — |  |  | $ | 18,950 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,685 |  |  | $ | — |  |  | $ | 5,685 |
| Segments |  |  |  |  |  |
(In thousands) | Multiplatform Group |  | Digital Audio Group |  | Audio & Media Services Group |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended March 31, 2020
Revenue | $ | 629,609 |  |  | $ | 92,776 |  |  | $ | 60,227 |  |  | $ | — |  |  | $ | (1,978) |  |  | $ | 780,634 |
Operating expenses(1) | 478,004 |  |  | 76,182 |  |  | 42,527 |  |  | 45,560 |  |  | (1,978) |  |  | 640,295 |
Adjusted EBITDA(2) | $ | 151,605 |  |  | $ | 16,594 |  |  | $ | 17,700 |  |  | $ | (45,560) |  |  | $ | — |  |  | $ | 140,339 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  | (96,768) |
Impairment charges |  |  |  |  |  |  |  |  |  |  | (1,727,857) |
Other operating expense, net |  |  |  |  |  |  |  |  |  |  | (1,066) |
Restructuring expenses |  |  |  |  |  |  |  |  |  |  | (40,802) |
Share-based compensation expense |  |  |  |  |  |  |  |  |  |  | (4,625) |
Operating loss |  |  |  |  |  |  |  |  |  |  | $ | (1,730,779) |
Intersegment revenues | $ | 167 |  |  | $ | — |  |  | $ | 1,811 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,978 |
Capital expenditures | $ | 13,257 |  |  | $ | 3,574 |  |  | $ | 662 |  |  | $ | 4,171 |  |  | $ | — |  |  | $ | 21,664 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,625 |  |  | $ | — |  |  | $ | 4,625 |
(1) Consolidated operating expenses consist of Direct operating expenses and Selling, general and administrative expenses and exclude Restructuring expenses, share-based compensation expenses and depreciation and amortization. (2) For a definition of Adjusted EBITDA and a reconciliation to Operating income, the most closely comparable GAAP measure, and to Net income (loss), please see "Reconciliation of Operating Loss to Adjusted EBITDA" and "Reconciliation of Net Loss to EBITDA and Adjusted EBITDA" in Item 2 of this Quarterly Report on Form 10-Q. Beginning on January 1, 2021, Segment Adjusted EBITDA became the segment profitability metric reported to the Company's Chief Operating Decision Maker for purposes of making decisions about allocation of resources to, and assessing performance of, each reportable segment.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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