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

3 Months Ended

Mar. 31, 2023

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 March 31, 2023 and December 31, 2022, respectively:

(In thousands)			March 31, 2023						December 31, 2022
Land, buildings and improvements			$	349,459					$	340,692
Towers, transmitters and studio equipment			221,588						215,655
Computer equipment and software			629,218						617,794
Furniture and other equipment			41,900						41,924
Construction in progress			28,373						29,091
			1,270,538						1,245,156
Less: accumulated depreciation			596,159						550,314
Property, plant and equipment, net			$	674,379					$	694,842

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 March 31, 2023 and December 31, 2022, respectively:

(In thousands)			March 31, 2023												December 31, 2022
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Customer / advertiser relationships			$	1,652,455					$	(675,167)					$	1,652,455					$	(633,352)
Talent and other contracts			338,900						(171,272)						338,900						(160,500)
Trademarks and tradenames			335,862						(130,941)						335,862						(122,403)
Other			18,443						(10,396)						18,443						(9,735)
Total			$	2,345,660					$	(987,776)					$	2,345,660					$	(925,990)

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)
2024			$	244,707
2025			213,514
2026			201,512
2027			176,171
2028			160,395

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 December 31, 2022			$	1,462,022					$	747,350					$	104,031					$	2,313,403
Foreign currency			—						—						33						33
Balance as of March 31, 2023			$	1,462,022					$	747,350					$	104,064					$	2,313,436

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