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SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following tables present the Company's segment results for the Company for the three and six months ended June 30, 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 June 30, 2021
Revenue			$	605,850					$	197,930					$	61,175					$	—					$	(3,350)					$	861,605
Operating expenses(1)			424,452						143,640						40,704						71,651						(3,350)						677,097
Segment Adjusted EBITDA(2)			$	181,398					$	54,290					$	20,471					$	(71,651)					$	—					$	184,508
Depreciation and amortization																																	(127,945)
Other operating expense, net																																	(12,379)
Restructuring expenses																																	(10,155)
Share-based compensation expense																																	(5,903)
Operating income																																	$	28,126
Intersegment revenues			$	168					$	1,178					$	2,004					$	—					$	—					$	3,350
Capital expenditures			$	21,371					$	6,286					$	1,144					$	3,310					$	—					$	32,111
Share-based compensation expense			$	—					$	—					$	—					$	5,903					$	—					$	5,903

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Three Months Ended June 30, 2020
Revenue			$	357,117					$	93,227					$	39,251					$	—					$	(1,947)					$	487,648
Operating expenses(1)			371,498						74,365						39,000						34,015						(1,947)						516,931
Segment Adjusted EBITDA(2)			$	(14,381)					$	18,862					$	251					$	(34,015)					$	—					$	(29,283)
Depreciation and amortization																																	(103,347)
Impairment charges																																	(5,378)
Other operating expense, net																																	(506)
Restructuring expenses																																	(16,355)
Share-based compensation expense																																	(4,218)
Operating loss																																	$	(159,087)
Intersegment revenues			$	168					$	—					$	1,779					$	—					$	—					$	1,947
Capital expenditures			$	9,594					$	3,111					$	961					$	4,216					$	—					$	17,882
Share-based compensation expense			$	—					$	—					$	—					$	4,218					$	—					$	4,218

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Six Months Ended June 30, 2021
Revenue			$	1,103,747					$	355,483					$	116,312					$	—					$	(7,272)					$	1,568,270
Operating expenses(1)			817,558						261,182						80,492						129,555						(7,272)						1,281,515
Segment Adjusted EBITDA(2)			$	286,189					$	94,301					$	35,820					$	(129,555)					$	—					$	286,755
Depreciation and amortization																																	(235,308)
Impairment charges																																	(37,744)
Other operating expense, net																																	(15,150)
Restructuring expenses																																	(35,195)
Share-based compensation expense																																	(11,588)
Operating loss																																	$	(48,230)
Intersegment revenues			$	335					$	3,072					$	3,865					$	—					$	—					$	7,272
Capital expenditures			$	31,440					$	11,711					$	2,191					$	5,719					$	—					$	51,061
Share-based compensation expense			$	—					$	—					$	—					$	11,588					$	—					$	11,588

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Six Months Ended June 30, 2020
Revenue			$	986,726					$	186,003					$	99,478					$	—					$	(3,925)					$	1,268,282
Operating expenses(1)			848,963						150,547						81,527						80,114						(3,925)						1,157,226
Segment Adjusted EBITDA(2)			$	137,763					$	35,456					$	17,951					$	(80,114)					$	—					$	111,056
Depreciation and amortization																																	(200,115)
Impairment charges																																	(1,733,235)
Other operating expense, net																																	(1,572)
Restructuring expenses																																	(57,157)
Share-based compensation expense																																	(8,843)
Operating loss																																	$	(1,889,866)
Intersegment revenues			$	335					$	—					$	3,590					$	—					$	—					$	3,925
Capital expenditures			$	22,787					$	6,685					$	1,623					$	8,451					$	—					$	39,546
Share-based compensation expense			$	—					$	—					$	—					$	8,843					$	—					$	8,843

(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 for the consolidated company 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

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- References

No definition available.

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