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Assets Held for Sale and Discontinued Operations | 6 Months Ended
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Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held for Sale and Discontinued Operations | Assets Held for Sale and Discontinued Operations Stitcher On October 16, 2020, we closed on the sale of our Stitcher podcasting business. Stitcher is classified as discontinued operations in our condensed consolidated financial statements. Operating results for the discontinued Stitcher business were as follows:
(in thousands) |  | Three Months Ended June 30, 2021 |  | Six months ended June 30, 2021
Operating revenues |  | $ | — |  |  | $ | — |
Total costs and expenses |  | (600) |  |  | (600) |
Depreciation and amortization of intangible assets |  | — |  |  | — |
Other, net |  | — |  |  | — |
Loss from operations |  | (600) |  |  | (600) |
Pretax gain on disposal |  | 6,366 |  |  | 9,052 |
Gain from discontinued operations before income taxes |  | 5,766 |  |  | 8,452 |
Provision for income taxes |  | 1,335 |  |  | 1,957 |
Income from discontinued operations, net of tax |  | $ | 4,431 |  |  | $ | 6,495 |
During the first six months of 2021, the estimate for the contingent earnout consideration was increased by $9.1 million. The fair value estimate for the contingent earnout consideration was $19.1 million as of June 30, 2021. Triton Digital During the first quarter of 2021, our Board of Directors approved the sale of our Triton Digital business. On February 16, 2021, we signed a definitive agreement to sell the business and the transaction closed on March 31, 2021. The sale generated total net proceeds of $225 million and we recognized a pre-tax gain from disposition totaling $81.8 million.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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