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Assets Held for Sale and Discontinued Operations
 9 Months Ended
Sep. 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 September 30, 2021Nine Months Ended September 30, 2021
Operating revenues$— $— 
Total costs and expenses— (600)
Depreciation and amortization of intangible assets— — 
Other, net— — 
Loss from operations— (600)
Pretax gain on disposal520 9,572 
Gain from discontinued operations before income taxes520 8,972 
Provision for income taxes188 2,145 
Income from discontinued operations, net of tax$332 $6,827 

During the first nine months of 2021, the estimate for the contingent earnout consideration was increased by $9.1 million. In the third quarter of 2021, we received payment of $19.1 million for the 2020 earnout period. No value was assigned to the 2021 contingent earnout consideration.

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.