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PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL
Property, Plant and Equipment
The Company’s property, plant and equipment consisted of the following classes of assets:
(In thousands)March 31,
2025		December 31,
2024
Land, buildings and improvements$330,339 $335,502 
Towers, transmitters and studio equipment208,588 207,349 
Computer equipment and software750,168 741,259 
Furniture and other equipment54,029 54,108 
Construction in progress11,198 12,186 
1,354,322 1,350,404 
Less: accumulated depreciation889,480 860,561 
Property, plant and equipment, net$464,842 $489,843 
Indefinite-lived Intangible Assets
The Company’s indefinite-lived intangible assets consist of FCC broadcast licenses in its Multiplatform Group segment.
Other Intangible Assets
Other intangible assets consists of definite-lived intangible assets, which primarily include customer and advertiser relationships, talent and representation contracts, trademarks and tradenames and other contractual rights, all of which are amortized over the shorter of either the respective lives of the agreements or over the period of time that the assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at amortized cost.

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets.
(In thousands)March 31, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,623 $(1,001,545)$1,652,623 $(967,377)
Talent and other contracts338,900 (256,409)338,900 (245,909)
Trademarks and tradenames335,912 (198,947)335,912 (190,450)
Other18,003 (14,674)18,003 (14,120)
Total$2,345,438 $(1,471,575)$2,345,438 $(1,417,856)
Total amortization expense related to definite-lived intangible assets for the Company for the three months ended March 31, 2025 and 2024 was $53.7 million and $61.9 million, respectively.
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)
2026$201,512 
2027176,171 
2028160,395 
2029121,622 
203016,430 
Goodwill
The following table presents the changes in the carrying amount of goodwill:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidated
Balance as of December 31, 2024(1)
$731,501 $311,353 $62,302 $1,105,156 
Foreign currency— — 114 114 
Balance as of March 31, 2025
$731,501 $311,353 $62,416 $1,105,270 
(1) Beginning goodwill balance is presented net of prior accumulated impairment losses of $2.0 billion related to our Multiplatform Group, $439.4 million related to our Digital Audio Group and $41.6 million related to our Audio & Media Services Group.
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL
Property, Plant and Equipment
The Company’s property, plant and equipment consisted of the following classes of assets:
(In thousands)March 31,
2025		December 31,
2024
Land, buildings and improvements$330,339 $335,502 
Towers, transmitters and studio equipment208,588 207,349 
Computer equipment and software750,168 741,259 
Furniture and other equipment54,029 54,108 
Construction in progress11,198 12,186 
1,354,322 1,350,404 
Less: accumulated depreciation889,480 860,561 
Property, plant and equipment, net$464,842 $489,843 
Indefinite-lived Intangible Assets
The Company’s indefinite-lived intangible assets consist of FCC broadcast licenses in its Multiplatform Group segment.
Other Intangible Assets
Other intangible assets consists of definite-lived intangible assets, which primarily include customer and advertiser relationships, talent and representation contracts, trademarks and tradenames and other contractual rights, all of which are amortized over the shorter of either the respective lives of the agreements or over the period of time that the assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at amortized cost.

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets.
(In thousands)March 31, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer / advertiser relationships$1,652,623 $(1,001,545)$1,652,623 $(967,377)
Talent and other contracts338,900 (256,409)338,900 (245,909)
Trademarks and tradenames335,912 (198,947)335,912 (190,450)
Other18,003 (14,674)18,003 (14,120)
Total$2,345,438 $(1,471,575)$2,345,438 $(1,417,856)
Total amortization expense related to definite-lived intangible assets for the Company for the three months ended March 31, 2025 and 2024 was $53.7 million and $61.9 million, respectively.
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)
2026$201,512 
2027176,171 
2028160,395 
2029121,622 
203016,430 
Goodwill
The following table presents the changes in the carrying amount of goodwill:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidated
Balance as of December 31, 2024(1)
$731,501 $311,353 $62,302 $1,105,156 
Foreign currency— — 114 114 
Balance as of March 31, 2025
$731,501 $311,353 $62,416 $1,105,270 
(1) Beginning goodwill balance is presented net of prior accumulated impairment losses of $2.0 billion related to our Multiplatform Group, $439.4 million related to our Digital Audio Group and $41.6 million related to our Audio & Media Services Group.