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

6 Months Ended

Jun. 30, 2022

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 June 30, 2022 and December 31, 2021, respectively:

(In thousands)			June 30, 2022						December 31, 2021
Land, buildings and improvements			$	319,463					$	355,474
Towers, transmitters and studio equipment			195,860						180,571
Computer equipment and software			557,926						521,872
Furniture and other equipment			37,572						35,390
Construction in progress			68,588						64,732
			1,179,409						1,158,039
Less: accumulated depreciation			463,168						375,946
Property, plant and equipment, net			$	716,241					$	782,093

Schedule of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of June 30, 2022 and December 31, 2021, respectively:

(In thousands)			June 30, 2022												December 31, 2021
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Customer / advertiser relationships			$	1,646,402					$	(546,135)					$	1,646,402					$	(459,620)
Talent and other contracts			338,900						(138,956)						338,900						(117,337)
Trademarks and tradenames			335,862						(105,328)						335,862						(88,252)
Other			17,794						(8,447)						17,794						(7,149)
Total			$	2,338,958					$	(798,866)					$	2,338,958					$	(672,358)

Schedule of Future 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)
2023			$	244,387
2024			243,194
2025			212,001
2026			200,251
2027			176,171

Schedule of Changes in Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill:

(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
Dispositions			(15)						—						—						(15)
Foreign currency			—						—						(217)						(217)
Balance as of June 30, 2022			$	1,462,023					$	747,350					$	103,976					$	2,313,349

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