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SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Operating Segment Results

The following table presents the Company's segment results for the Successor Company for the year ended December 31, 2021, the year ended December 31, 2020 and the period from May 2, 2019 through December 31, 2019:

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Year Ended December 31, 2021
Revenue			$	2,489,018					$	834,482					$	247,957					$	—					$	(13,117)					$	3,558,340
Operating expenses(1)			1,745,680						573,835						171,766						269,043						(13,117)						2,747,207
Segment Adjusted EBITDA(2)			$	743,338					$	260,647					$	76,191					$	(269,043)					$	—					$	811,133
Depreciation and amortization																																	(469,417)
Impairment charges																																	(57,734)
Other operating expense, net																																	(32,320)
Restructuring expenses																																	(73,262)
Share-based compensation expense																																	(23,543)
Operating income																																	$	154,857
Segment assets			$	6,953,772					$	1,088,471					$	438,773					$	403,898					$	(3,605)					$	8,881,309
Intersegment revenues			670						5,845						6,602						—						—						13,117
Capital expenditures			130,894						23,907						14,515						14,056						—						183,372
Share-based compensation expense			—						—						—						23,543						—						23,543

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Year Ended December 31, 2020
Revenue			$	2,206,854					$	474,371					$	274,749					$	—					$	(7,756)					$	2,948,218
Operating expenses(1)			1,723,449						343,598						180,081						170,173						(7,756)						2,409,545
Segment Adjusted EBITDA(2)			$	483,405					$	130,773					$	94,668					$	(170,173)					$	—					$	538,673
Depreciation and amortization																																	(402,929)
Impairment charges																																	(1,738,752)
Other operating expense, net																																	(11,344)
Restructuring expenses																																	(100,410)
Share-based compensation expense																																	(22,862)
Operating loss																																	$	(1,737,624)
Segment assets			$	7,736,229					$	187,051					$	473,628					$	809,638					$	(3,585)					$	9,202,961
Intersegment revenues			670						—						7,086						—						—						7,756
Capital expenditures			51,559						16,086						5,105						12,455						—						85,205
Share-based compensation expense			—						—						—						22,862						—						22,862

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Period from May 2, 2019 through December 31, 2019
Revenue			$	2,174,411					$	273,389					$	167,292					$	—					$	(5,036)					$	2,610,056
Operating expenses(1)			1,381,073						194,366						120,685						143,420						(5,036)						1,834,508
Segment Adjusted EBITDA(2)			$	793,338					$	79,023					$	46,607					$	(143,420)					$	—					$	775,548
Depreciation and amortization																																	(249,623)
Impairment charges																																	—
Other operating expense, net																																	(8,000)
Restructuring expenses																																	(51,878)
Share-based compensation expense																																	(26,411)
Operating income																																	$	439,636
Segment Assets			$	9,949,638					$	73,108					$	486,551					$	515,580					$	(3,778)					$	11,021,099
Intersegment revenues			$	447					$	—					$	4,589					$	—					$	—					$	5,036
Capital expenditures			$	48,096					$	10,505					$	3,980					$	13,412					$	—					$	75,993
Share-based compensation expense			$	—					$	—					$	—					$	26,411					$	—					$	26,411

The following table presents the Company's segment results for the Predecessor Company for the period from January 1, 2019 through May 1, 2019:

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Period from January 1, 2019 through May 1, 2019
Revenue			$	903,888					$	102,789					$	69,362					$	—					$	(2,568)					$	1,073,471
Operating expenses(1)			635,205						88,621						55,278						71,785						(2,568)						848,321
Segment Adjusted EBITDA(2)			$	268,683					$	14,168					$	14,084					$	(71,785)					$	—					$	225,150
Depreciation and amortization																																	(52,834)
Impairment charges																																	(91,382)
Other operating expense, net																																	(154)
Restructuring expenses																																	(13,242)
Share-based compensation expense																																	(498)
Operating loss																																	$	67,040
Intersegment revenues			$	243					$	—					$	2,325					$	—					$	—					$	2,568
Capital expenditures			$	25,270					$	4,694					$	1,263					$	4,970					$	—					$	36,197
Share-based compensation expense			$	—					$	—					$	—					$	498					$	—					$	498

(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 Income (Loss) to Adjusted EBITDA" and "Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA" in Item 7 of this Annual Report on Form 10-K. 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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