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SEGMENT DATA (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Revenue | $ 933,653 | $ 929,092 | $ 1,740,754 | $ 1,728,130
Direct Operating Expenses, Adjusted | 386,365 | 379,479 | 738,084 | 716,977
Selling, general and administrative expenses | 391,161 | 399,406 | 741,955 | 756,329
Segment Adjusted EBITDA | 156,127 | 150,207 | 260,715 | 254,824
Depreciation and amortization | (90,369) | (104,356) | (182,270) | (209,518)
Impairment charges | (2,552) | (920,224) | (5,407) | (921,732)
Other operating expense, net | (1,086) | (516) | (1,745) | (1,088)
Restructuring expenses | (19,490) | (27,558) | (45,068) | (51,161)
Share-based compensation expense | (7,260) | (7,220) | (16,289) | (15,700)
Operating income (loss) | 35,370 | (909,667) | 9,936 | (944,375)
Segment Assets | 5,379,317 | 5,769,168 | 5,379,317 | 5,769,168
Capital expenditures | 19,997 | 21,172 | 39,727 | 42,754
Operating segments | Multiplatform Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 544,598 | 575,907 | 1,017,576 | 1,069,370
Direct Operating Expenses, Adjusted | 218,052 | 224,752 | 417,721 | 428,882
Selling, general and administrative expenses | 230,182 | 246,892 | 433,484 | 459,043
Segment Adjusted EBITDA | 96,364 | 104,263 | 166,371 | 181,445
Segment Assets | 4,066,415 | 4,294,769 | 4,066,415 | 4,294,769
Capital expenditures | 10,698 | 12,895 | 16,627 | 24,599
Operating segments | Digital Audio Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 323,856 | 285,614 | 601,143 | 524,582
Direct Operating Expenses, Adjusted | 161,811 | 148,320 | 307,732 | 275,574
Selling, general and administrative expenses | 54,435 | 45,424 | 98,718 | 89,011
Segment Adjusted EBITDA | 107,610 | 91,870 | 194,693 | 159,997
Segment Assets | 606,412 | 592,648 | 606,412 | 592,648
Capital expenditures | 4,406 | 5,692 | 10,262 | 11,119
Operating segments | Audio & Media Services Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 67,736 | 70,082 | 127,059 | 139,250
Direct Operating Expenses, Adjusted | 7,474 | 7,340 | 14,558 | 14,381
Selling, general and administrative expenses | 36,541 | 38,893 | 72,982 | 77,325
Segment Adjusted EBITDA | 23,721 | 23,849 | 39,519 | 47,544
Segment Assets | 269,612 | 286,762 | 269,612 | 286,762
Capital expenditures | 2,752 | 2,167 | 8,379 | 4,424
Corporate and other reconciling items |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 0 | 0 | 0 | 0
Direct Operating Expenses, Adjusted | 0 | 0 | 0 | 0
Selling, general and administrative expenses | 71,568 | 69,775 | 139,868 | 134,162
Segment Adjusted EBITDA | (71,568) | (69,775) | (139,868) | (134,162)
Segment Assets | 439,578 | 597,598 | 439,578 | 597,598
Capital expenditures | 2,141 | 418 | 4,459 | 2,612
Eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | (2,537) | (2,511) | (5,024) | (5,072)
Direct Operating Expenses, Adjusted | (972) | (933) | (1,927) | (1,860)
Selling, general and administrative expenses | (1,565) | (1,578) | (3,097) | (3,212)
Segment Adjusted EBITDA | 0 | 0 | 0 | 0
Segment Assets | (2,700) | (2,609) | (2,700) | (2,609)
Capital expenditures | 0 | 0 | 0 | 0
Intersegment revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 2,537 | 2,511 | 5,024 | 5,072
Intersegment revenues | Multiplatform Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 0 | 0 | 0 | 0
Intersegment revenues | Digital Audio Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | 1,153 | 1,175 | 2,284 | 2,360
Intersegment revenues | Audio & Media Services Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenue | $ 1,384 | $ 1,336 | $ 2,740 | $ 2,712

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