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PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 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:
(In thousands)December 31,
2023
December 31,
2022
Land, buildings and improvements$316,655 $340,692 
Towers, transmitters and studio equipment195,609 215,655 
Computer equipment and software685,417 617,794 
Furniture and other equipment47,684 41,924 
Construction in progress16,473 29,091 
1,261,838 1,245,156 
Less: accumulated depreciation702,973 550,314 
Property, plant and equipment, net$558,865 $694,842 
Schedule of Finite-Lived Intangible Assets
The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets:
(In thousands)December 31, 2023December 31, 2022
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,623 $(800,377)$1,652,455 $(633,352)
Talent and other contracts338,900 (203,479)338,900 (160,500)
Trademarks and tradenames335,912 (156,468)335,862 (122,403)
Other18,003 (11,904)18,443 (9,735)
Total$2,345,438 $(1,172,228)$2,345,660 $(925,990)
Schedule of Estimated 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$245,032 
2025213,758 
2026201,512 
2027176,171 
2028160,395 
Schedule of Changes in the Carrying Amount of Goodwill
The following tables present the changes in the carrying amount of goodwill:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidated
Balance as of December 31, 20211
$1,462,038 $747,350 $104,193 $2,313,581 
Dispositions(16)— — (16)
Foreign currency— — (162)(162)
Balance as of December 31, 2022
$1,462,022 $747,350 $104,031 $2,313,403 
Impairment(121,563)(439,383)(34,515)(595,461)
Acquisitions— 3,375 — 3,375 
Foreign currency— 84 82 166 
Balance as of December 31, 2023
$1,340,459 $311,426 $69,598 $1,721,483 
1 Beginning goodwill balance is presented net of prior accumulated impairment losses of $1.2 billion related to the Multiplatform Group segment. Refer to the table above for impairments recorded in 2023.