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PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2024
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,
2024
December 31,
2023
Land, buildings and improvements$335,502 $316,655 
Towers, transmitters and studio equipment207,349 195,609 
Computer equipment and software741,259 685,417 
Furniture and other equipment54,108 47,684 
Construction in progress12,186 16,473 
1,350,404 1,261,838 
Less: accumulated depreciation860,561 702,973 
Property, plant and equipment, net$489,843 $558,865 
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, 2024December 31, 2023
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,623 $(967,377)$1,652,623 $(800,377)
Talent and other contracts338,900 (245,909)338,900 (203,479)
Trademarks and tradenames335,912 (190,450)335,912 (156,468)
Other18,003 (14,120)18,003 (11,904)
Total$2,345,438 $(1,417,856)$2,345,438 $(1,172,228)
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)
2025$213,842 
2026201,512 
2027176,171 
2028160,395 
2029121,622 
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, 2022(1)
$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 
Impairment(608,958)— (7,127)(616,085)
Foreign currency— (73)(169)(242)
Balance as of December 31, 2024
$731,501 $311,353 $62,302 $1,105,156 
(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 2024 and 2023.