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SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023:

			Segments
(In thousands)			Multiplatform Group						Digital Audio Group						Audio & Media Services Group						Corporate and other reconciling items						Eliminations						Consolidated
Three Months Ended March 31, 2024
Revenue			$	493,463					238,968						$	69,168					$	—					$	(2,561)					$	799,038
Operating expenses(1)			416,281						170,841						45,473						64,387						(2,561)						694,421
Segment Adjusted EBITDA(2)			$	77,182					$	68,127					$	23,695					$	(64,387)					$	—					$	104,617
Depreciation and amortization																																	(105,162)
Impairment charges																																	(1,508)
Other operating expense, net																																	(572)
Restructuring expenses																																	(23,603)
Share-based compensation expense																																	(8,480)
Operating loss																																	$	(34,708)
Intersegment revenues			$	—					$	1,185					$	1,376					$	—					$	—					$	2,561
Capital expenditures			11,704						5,427						2,257						2,194						—						21,582
Share-based compensation expense			—						—						—						8,480						—						8,480

			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

(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 loss, the most closely comparable GAAP measure, and to Net loss, please see "Reconciliation of Operating 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.

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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