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SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following tables present the Company's segment results for the Company for the three months ended March 31, 2022 and 2021:

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Three Months Ended March 31, 2022
Revenue			$	571,160					$	214,219					$	60,857					$	—					$	(2,778)					$	843,458
Operating expenses(1)			437,253						161,711						44,470						57,584						(2,778)						698,240
Segment Adjusted EBITDA(2)			$	133,907					$	52,508					$	16,387					$	(57,584)					$	—					$	145,218
Depreciation and amortization																																	(114,051)
Impairment charges																																	(1,334)
Other operating expense, net																																	(870)
Restructuring expenses																																	(11,093)
Share-based compensation expense																																	(5,535)
Operating income																																	$	12,335
Intersegment revenues			$	168					$	1,269					$	1,341					$	—					$	—					$	2,778
Capital expenditures			$	12,338					$	5,156					$	1,699					$	3,364					$	—					$	22,557
Share-based compensation expense			$	—					$	—					$	—					$	5,535					$	—					$	5,535

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Three Months Ended March 31, 2021
Revenue			$	497,897					$	157,553					$	55,137					$	—					$	(3,922)					$	706,665
Operating expenses(1)			393,106						117,542						39,788						57,904						(3,922)						604,418
Segment Adjusted EBITDA(2)			$	104,791					$	40,011					$	15,349					$	(57,904)					$	—					$	102,247
Depreciation and amortization																																	(107,363)
Impairment charges																																	(37,744)
Other operating expense, net																																	(2,771)
Restructuring expenses																																	(25,040)
Share-based compensation expense																																	(5,685)
Operating loss																																	$	(76,356)
Intersegment revenues			$	167					$	1,894					$	1,861					$	—					$	—					$	3,922
Capital expenditures			$	10,069					$	5,425					$	1,047					$	2,409					$	—					$	18,950
Share-based compensation expense			$	—					$	—					$	—					$	5,685					$	—					$	5,685

(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 Income (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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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