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SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022:

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Three Months Ended March 31, 2023
Revenue			$	529,013					$	223,396					$	61,351					$	—					$	(2,521)					$	811,239
Operating expenses(1)			441,961						169,277						46,007						63,091						(2,521)						717,815
Segment Adjusted EBITDA(2)			$	87,052					$	54,119					$	15,344					$	(63,091)					$	—					$	93,424
Depreciation and amortization																																	(108,512)
Impairment charges																																	(3,947)
Other operating expense, net																																	(221)
Restructuring expenses																																	(19,454)
Share-based compensation expense																																	(10,152)
Operating loss																																	$	(48,862)
Intersegment revenues			$	—					$	1,189					$	1,332					$	—					$	—					$	2,521
Capital expenditures			26,424						5,777						3,887						3,077						—						39,165
Share-based compensation expense			—						—						—						10,152						—						10,152

			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

(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 loss, please see "Reconciliation of Operating Income (Loss) to Adjusted EBITDA" and "Reconciliation of Net 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
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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