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SEGMENT DATA
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATAThe Company’s primary businesses are included in its Multiplatform Group and Digital Audio Group segments. Revenue and expenses earned and charged between Multiplatform Group, Digital Audio Group, Corporate and the Company's Audio & Media Services Group are eliminated in consolidation.  The Multiplatform Group provides media and entertainment services via broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group provides media and entertainment services via digital delivery.  The Audio & Media Services Group provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS).  Corporate includes infrastructure and support, including executive, information technology, human resources, legal, finance and administrative functions for the Company’s businesses. Share-based payments are recorded in Selling, general and administrative expense.
The following tables present the Company's segment results for the Company for the three and six months ended June 30, 2022 and 2021:
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended June 30, 2022
Revenue$633,300 $252,561 $71,065 $— $(2,921)$954,005 
Operating expenses(1)
438,804 173,678 48,995 58,264 (2,921)716,820 
Segment Adjusted EBITDA(2)
$194,496 $78,883 $22,070 $(58,264)$— $237,185 
Depreciation and amortization(110,788)
Impairment charges(245)
Other operating expense, net(15,664)
Restructuring expenses(19,009)
Share-based compensation expense(8,610)
Operating income$82,869 
Intersegment revenues$167 $1,376 $1,378 $— $— $2,921 
Capital expenditures 36,378 5,912 2,423 4,940 — 49,653 
Share-based compensation expense— — — 8,610 — 8,610 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
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)
Impairment charges— 
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 expenditures21,371 6,286 1,144 3,310 — 32,111 
Share-based compensation expense— — — 5,903 — 5,903 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Six Months Ended June 30, 2022
Revenue$1,204,460 $466,780 $131,922 $— $(5,699)$1,797,463 
Operating expenses(1)
876,057 335,389 93,465 115,848 (5,699)1,415,060 
Segment Adjusted EBITDA(2)
$328,403 $131,391 $38,457 $(115,848)$— $382,403 
Depreciation and amortization(224,839)
Impairment charges(1,579)
Other operating expense, net(16,534)
Restructuring expenses(30,102)
Share-based compensation expense(14,145)
Operating income$95,204 
Intersegment revenues$335 $2,645 $2,719 $— $— $5,699 
Capital expenditures 48,716 11,068 4,122 8,304 — 72,210 
Share-based compensation expense— — — 14,145 — 14,145 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
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 expenditures31,440 11,711 2,191 5,719 — 51,061 
Share-based compensation expense— — — 11,588 — 11,588 

(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 (loss), 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 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.