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

12 Months Ended

Dec. 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 December 31, 2021 (Successor) and 2020 (Successor), respectively:

(In thousands)			Successor Company
			December 31, 2021						December 31, 2020
Land, buildings and improvements			$	355,474					$	386,980
Towers, transmitters and studio equipment			180,571						169,788
Computer equipment and software			521,872						398,084
Furniture and other equipment			35,390						45,711
Construction in progress			64,732						25,073
			1,158,039						1,025,636
Less: accumulated depreciation			375,946						213,934
Property, plant and equipment, net			$	782,093					$	811,702

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, 2021 (Successor) and December 31, 2020 (Successor), respectively:

(In thousands)			Successor Company
			December 31, 2021												December 31, 2020
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Customer / advertiser relationships			1,636,202						(457,627)						1,620,509						(286,066)
Talent and other contracts			338,900						(117,337)						375,900						(84,065)
Trademarks and tradenames			335,862						(88,252)						326,061						(54,358)
Other			27,994						(9,142)						31,351						(4,840)
Total			$	2,338,958					$	(672,358)					$	2,353,821					$	(429,329)

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)
2022			$	254,713
2023			246,007
2024			244,582
2025			213,389
2026			201,467

Schedule of Changes in the Carrying Amount of Goodwill

The following tables present the changes in the carrying amount of goodwill:

(In thousands)			Audio						Audio & Media Services Group						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			1,267						168,031						—						169,298
Dispositions			(1,446)						—						—						(1,446)
Foreign currency			—						—						(206)						(206)
Balance as of December 31, 2021			$	1,462,038					$	747,350					$	104,193					$	2,313,581

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