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SEGMENT DATA
 9 Months Ended
Sep. 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, Audio & Media Services Group, and Corporate 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 nine months ended September 30, 2022 and 2021:
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended September 30, 2022
Revenue$659,896 $253,953 $77,794 $— $(2,713)$988,930 
Operating expenses(1)
452,631 175,636 48,044 63,090 (2,713)736,688 
Segment Adjusted EBITDA(2)
$207,265 $78,317 $29,750 $(63,090)$— $252,242 
Depreciation and amortization(109,305)
Impairment charges(309,750)
Other operating expense, net(9,451)
Restructuring expenses(24,486)
Share-based compensation expense(10,437)
Operating income$(211,187)
Intersegment revenues$112 $1,314 $1,287 $— $— $2,713 
Capital expenditures 31,613 4,808 1,276 2,660 — 40,357 
Share-based compensation expense— — — 10,437 — 10,437 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended September 30, 2021
Revenue$658,979 $205,769 $66,078 $— $(2,775)$928,051 
Operating expenses(1)
450,549 138,646 43,656 67,762 (2,775)697,838 
Segment Adjusted EBITDA(2)
$208,430 $67,123 $22,422 $(67,762)$— $230,213 
Depreciation and amortization(108,100)
Impairment charges(11,647)
Other operating expense, net(12,341)
Restructuring expenses(12,021)
Share-based compensation expense(5,993)
Operating income$80,111 
Intersegment revenues$112 $1,475 $1,188 $— $— $2,775 
Capital expenditures35,082 6,223 3,967 5,002 — 50,274 
Share-based compensation expense— — — 5,993 — 5,993 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Nine Months Ended September 30, 2022
Revenue$1,864,356 $720,733 $209,716 $— $(8,412)$2,786,393 
Operating expenses(1)
1,328,688 511,025 141,509 178,938 (8,412)2,151,748 
Segment Adjusted EBITDA(2)
$535,668 $209,708 $68,207 $(178,938)$— $634,645 
Depreciation and amortization(334,144)
Impairment charges(311,329)
Other operating expense, net(25,985)
Restructuring expenses(54,588)
Share-based compensation expense(24,582)
Operating income$(115,983)
Intersegment revenues$447 $3,959 $4,006 $— $— $8,412 
Capital expenditures 80,329 15,876 5,398 10,964 — 112,567 
Share-based compensation expense— — — 24,582 — 24,582 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Nine Months Ended September 30, 2021
Revenue$1,762,726 $561,252 $182,390 $— $(10,047)$2,496,321 
Operating expenses(1)
1,268,107 399,828 124,148 197,317 (10,047)1,979,353 
Segment Adjusted EBITDA(2)
$494,619 $161,424 $58,242 $(197,317)$— $516,968 
Depreciation and amortization(343,408)
Impairment charges(49,391)
Other operating expense, net(27,491)
Restructuring expenses(47,216)
Share-based compensation expense(17,581)
Operating loss$31,881 
Intersegment revenues$447 $4,547 $5,053 $— $— $10,047 
Capital expenditures66,522 17,934 6,158 10,721 — 101,335 
Share-based compensation expense— — — 17,581 — 17,581 

(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.