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REVENUE (Tables) | 3 Months Ended
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Mar. 31, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables show revenue streams for the three months ended March 31, 2021 and 2020:
(In thousands) | Multiplatform Group |  | Digital Audio Group |  | Audio & Media Services Group |  | Eliminations |  | Consolidated
Three Months Ended March 31, 2021
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Broadcast Radio(1) | $ | 358,536 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 358,536 |
Networks(2) | 115,086 |  |  | — |  |  | — |  |  | — |  |  | 115,086 |
Sponsorship and Events(3) | 22,393 |  |  | — |  |  | — |  |  | — |  |  | 22,393 |
Digital, excluding Podcast(4) | — |  |  | 119,201 |  |  | — |  |  | (1,894) |  |  | 117,307 |
Podcast(5) | — |  |  | 38,352 |  |  | — |  |  | — |  |  | 38,352 |
Audio & Media Services(6) | — |  |  | — |  |  | 55,137 |  |  | (1,861) |  |  | 53,276 |
Other(7) | 1,399 |  |  | — |  |  | — |  |  | (167) |  |  | 1,232 |
Total | 497,414 |  |  | 157,553 |  |  | 55,137 |  |  | (3,922) |  |  | 706,182 |
Revenue from leases(8) | 483 |  |  | — |  |  | — |  |  | — |  |  | 483 |
Revenue, total | $ | 497,897 |  |  | $ | 157,553 |  |  | $ | 55,137 |  |  | $ | (3,922) |  |  | $ | 706,665 |
Three Months Ended March 31, 2020
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Broadcast Radio(1) | $ | 461,660 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 461,660 |
Networks(2) | 134,577 |  |  | — |  |  | — |  |  | — |  |  | 134,577 |
Sponsorship and Events(3) | 29,348 |  |  | — |  |  | — |  |  | — |  |  | 29,348 |
Digital, excluding Podcast(4) | — |  |  | 76,921 |  |  | — |  |  | — |  |  | 76,921 |
Podcast(5) | — |  |  | 15,855 |  |  | — |  |  | — |  |  | 15,855 |
Audio & Media Services(6) | — |  |  | — |  |  | 60,227 |  |  | (1,811) |  |  | 58,416 |
Other(7) | 3,560 |  |  | — |  |  | — |  |  | (167) |  |  | 3,393 |
Total | 629,145 |  |  | 92,776 |  |  | 60,227 |  |  | (1,978) |  |  | 780,170 |
Revenue from leases(8) | 464 |  |  | — |  |  | — |  |  | — |  |  | 464 |
Revenue, total | $ | 629,609 |  |  | $ | 92,776 |  |  | $ | 60,227 |  |  | $ | (1,978) |  |  | $ | 780,634 |
(1)Broadcast Radio revenue is generated through the sale of advertising time on the Company’s domestic radio stations. (2)Networks revenue is generated through the sale of advertising on the Company’s Premiere and Total Traffic & Weather network programs and through the syndication of network programming to other media companies. (3)Sponsorship and events revenue is generated through local events and major nationally-recognized tent pole events and include sponsorship and other advertising revenue, ticket sales, and licensing, as well as endorsement and appearance fees generated by on-air talent. (4)Digital, excluding Podcast revenue is generated through the sale of streaming and display advertisements on digital platforms and through subscriptions to iHeartRadio streaming services. (5)Podcast revenue is generated through the sale of advertising on the Company's podcast network. (6)Audio & Media Services revenue is generated by services provided to broadcast industry participants through the Company’s Katz Media and RCS businesses. As a media representation firm, Katz Media generates revenue via commissions on media sold on behalf of the radio and television stations that it represents, while RCS generates revenue by providing broadcast and webcast software and technology and services to radio stations, television music channels, cable companies, satellite music networks and Internet stations worldwide. (7)Other revenue represents fees earned for miscellaneous services, including on-site promotions, activations, and local marketing agreements. (8)Revenue from leases is primarily generated by the lease of towers to other media companies, which are all categorized as operating leases.
Barter And Trade Revenues And Expenses | Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows:
| Three Months Ended March 31, |  |  |  |
(In thousands) | 2021 |  | 2020 |  |  |  |  |  |
Trade and barter revenues | $ | 31,946 |  |  | $ | 52,678 |  |  |  |  |  |  |
Trade and barter expenses | 27,998 |  |  | 54,998 |  |  |  |  |  |  |
Summary of Contract with Customer, Asset and Liability | The following tables show the Company’s deferred revenue balance from contracts with customers:
| Three Months Ended March 31, |  |
(In thousands) | 2021 |  | 2020 |  |
Deferred revenue from contracts with customers: |  |  |  |  |
Beginning balance(1) | $ | 145,493 |  |  | $ | 162,068 |  |  |
Revenue recognized, included in beginning balance | (39,531) |  |  | (80,055) |  |  |
Additions, net of revenue recognized during period, and other | 59,379 |  |  | 93,308 |  |  |
Ending balance | $ | 165,341 |  |  | $ | 175,321 |  |  |
(1) Deferred revenue from contracts with customers, which excludes other sources of deferred revenue that are not related to contracts with customers, is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized.
Schedule of Future Lease Payments to Be Received | As of March 31, 2021, the future lease payments to be received by the Company are as follows:
(In thousands)
2021 | $ | 1,301 |
2022 | 1,194 |
2023 | 1,141 |
2024 | 965 |
2025 | 784 |
Thereafter | 11,175 |
Total | $ | 16,560 |

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