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

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020, respectively:

(In thousands)			March 31, 2021						December 31, 2020
Land, buildings and improvements			$	378,226					$	386,980
Towers, transmitters and studio equipment			170,689						169,788
Computer equipment and software			457,279						398,084
Furniture and other equipment			45,644						45,711
Construction in progress			24,249						25,073
			1,076,087						1,025,636
Less: accumulated depreciation			250,879						213,934
Property, plant and equipment, net			$	825,208					$	811,702

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 March 31, 2021 and December 31, 2020, respectively:

(In thousands)			March 31, 2021												December 31, 2020
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Customer / advertiser relationships			1,656,502						(328,818)						1,620,509						(286,066)
Talent and other contracts			377,100						(98,796)						375,900						(84,065)
Trademarks and tradenames			335,861						(62,645)						326,061						(54,358)
Other			7,651						(5,832)						31,351						(4,840)
Total			$	2,377,114					$	(496,091)					$	2,353,821					$	(429,329)

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)
2022			$	258,413
2023			249,317
2024			247,860
2025			216,485
2026			204,474

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, 2019			$	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			$	2,041,536					$	104,399					$	2,145,935

(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Consolidated
Balance as of January 1, 2021			$	1,462,217					$	579,319					$	104,399					$	2,145,935
Acquisitions			—						167,406						—						167,406
Foreign currency			—						—						(118)						(118)
Balance as of March 31, 2021			$	1,462,217					$	746,725					$	104,281					$	2,313,223

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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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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