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SEGMENT DATA (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segment Results
The following tables present the Company's segment results:
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended September 30, 2024
Revenue$619,544 $301,041 $90,050 $— $(2,502)$1,008,133 
Operating expenses(1)
489,672 201,035 45,641 69,702 (2,502)803,548 
Segment Adjusted EBITDA(2)
$129,872 $100,006 $44,409 $(69,702)$— $204,585 
Depreciation and amortization(101,331)
Impairment charges(412)
Other operating expense, net(1,092)
Restructuring expenses(16,767)
Share-based compensation expense(8,263)
Operating income$76,720 
Intersegment revenues$— $1,189 $1,313 $— $— $2,502 
Capital expenditures13,615 5,924 1,376 8,505 — 29,420 
Share-based compensation expense— — — 8,263 — 8,263 

Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended September 30, 2023
Revenue$626,383 $267,222 $61,979 $— $(2,595)$952,989 
Operating expenses(1)
463,939 173,565 45,003 69,295 (2,595)749,207 
Segment Adjusted EBITDA(2)
$162,444 $93,657 $16,976 $(69,295)$— $203,782 
Depreciation and amortization(106,451)
Impairment charges(570)
Other operating expense, net(3,378)
Restructuring expenses(16,227)
Share-based compensation expense(8,191)
Operating income$68,965 
Intersegment revenues$— $1,222 $1,373 $— $— $2,595 
Capital expenditures10,822 6,069 1,509 10,118 — 28,518 
Share-based compensation expense— — — 8,191 — 8,191 
Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Nine Months Ended September 30, 2024
Revenue$1,688,914 $825,623 $229,300 $— $(7,574)$2,736,263 
Operating expenses(1)
1,377,597 565,620 137,347 203,864 (7,574)2,276,854 
Segment Adjusted EBITDA(2)
$311,317 $260,003 $91,953 $(203,864)$— $459,409 
Depreciation and amortization(310,849)
Impairment charges(922,144)
Other operating expense, net(2,180)
Restructuring expenses(67,928)
Share-based compensation expense(23,963)
Operating loss$(867,655)
Intersegment revenues$— $3,549 $4,025 $— $— $7,574 
Capital expenditures38,214 17,043 5,800 11,117 — 72,174 
Share-based compensation expense— — — 23,963 — 23,963 

Segments
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupCorporate and other reconciling itemsEliminationsConsolidated
Nine Months Ended September 30, 2023
Revenue$1,751,340 $751,472 $189,134 $— $(7,704)$2,684,242 
Operating expenses(1)
1,339,441 519,115 138,315 206,689 (7,704)2,195,856 
Segment Adjusted EBITDA(2)
$411,899 $232,357 $50,819 $(206,689)$— $488,386 
Depreciation and amortization(323,028)
Impairment charges(965,087)
Other operating expense, net(3,338)
Restructuring expenses(46,469)
Share-based compensation expense(27,555)
Operating loss$(877,091)
Intersegment revenues$— $3,627 $4,077 $— $— $7,704 
Capital expenditures52,116 17,348 6,300 14,692 — 90,456 
Share-based compensation expense— — — 27,555 — 27,555 
(1) Operating expenses consist of Direct operating and SG&A expenses, excluding Restructuring and share-based compensation expenses.
(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.