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Assets Held for Sale and Discontinued Operations
 6 Months Ended
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, 2021Six 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 disposal6,366 9,052 
Gain from discontinued operations before income taxes5,766 8,452 
Provision for income taxes1,335 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.