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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Separate Financial Data for Each of Company's Operating Segment | The accounting policies applied to determine the segment information are generally the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates the performance of its operating segments based on separate financial data for each operating segment as provided below (in thousands):
|  | Three-Month Period |  |  |  |
|  | Ended March 31, |  |  | % |
|  | 2024 |  |  | 2023 |  |  | Change |
Net revenue |  |  |  |  |  |  |  |  |
Digital |  | $ | 237,491 |  |  | $ | 196,482 |  |  |  | 21 | %
Television |  |  | 28,549 |  |  |  | 30,312 |  |  |  | (6 | )%
Audio |  |  | 11,405 |  |  |  | 12,212 |  |  |  | (7 | )%
Consolidated |  |  | 277,445 |  |  |  | 239,006 |  |  |  | 16 | %
Cost of revenue - digital |  |  | 203,229 |  |  |  | 167,756 |  |  |  | 21 | %
Direct operating expenses |  |  |  |  |  |  |  |  |
Digital |  |  | 10,729 |  |  |  | 8,010 |  |  |  | 34 | %
Television |  |  | 16,928 |  |  |  | 14,759 |  |  |  | 15 | %
Audio |  |  | 7,915 |  |  |  | 7,093 |  |  |  | 12 | %
Consolidated |  |  | 35,572 |  |  |  | 29,862 |  |  |  | 19 | %
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |
Digital |  |  | 17,348 |  |  |  | 13,529 |  |  |  | 28 | %
Television |  |  | 6,040 |  |  |  | 5,340 |  |  |  | 13 | %
Audio |  |  | 3,307 |  |  |  | 3,899 |  |  |  | (15 | )%
Consolidated |  |  | 26,695 |  |  |  | 22,768 |  |  |  | 17 | %
Depreciation and amortization |  |  |  |  |  |  |  |  |
Digital |  |  | 3,846 |  |  |  | 3,631 |  |  |  | 6 | %
Television |  |  | 2,926 |  |  |  | 2,658 |  |  |  | 10 | %
Audio |  |  | 361 |  |  |  | 182 |  |  |  | 98 | %
Consolidated |  |  | 7,133 |  |  |  | 6,471 |  |  |  | 10 | %
Segment operating profit (loss) |  |  |  |  |  |  |  |  |
Digital |  |  | 2,339 |  |  |  | 3,556 |  |  |  | (34 | )%
Television |  |  | 2,655 |  |  |  | 7,555 |  |  |  | (65 | )%
Audio |  |  | (178 | ) |  |  | 1,038 |  |  | * |
Consolidated |  |  | 4,816 |  |  |  | 12,149 |  |  |  | (60 | )%
Corporate expenses |  |  | 12,248 |  |  |  | 10,502 |  |  |  | 17 | %
Change in fair value of contingent consideration |  |  | (1,420 | ) |  |  | (4,065 | ) |  |  | (65 | )%
Impairment charge |  |  | 49,438 |  |  |  | - |  |  | * |
Foreign currency (gain) loss |  |  | 449 |  |  |  | (956 | ) |  | * |
Operating income (loss) |  |  | (55,899 | ) |  |  | 6,668 |  |  | * |
Interest expense |  | $ | (4,559 | ) |  | $ | (4,028 | ) |  |  | 13 | %
Interest income |  |  | 1,130 |  |  |  | 860 |  |  |  | 31 | %
Dividend income |  |  | 10 |  |  |  | 18 |  |  |  | (44 | )%
Realized gain (loss) on marketable securities |  |  | (113 | ) |  |  | (32 | ) |  |  | 253 | %
Gain (loss) on debt extinguishment |  |  | (40 | ) |  |  | (1,556 | ) |  |  | (97 | )%
Income (loss) before income taxes |  |  | (59,471 | ) |  |  | 1,930 |  |  | * |
Capital expenditures |  |  |  |  |  |  |  |  |
Digital |  | $ | 181 |  |  | $ | 1,111 |  |  |  |
Television |  |  | 1,468 |  |  |  | 7,336 |  |  |  |
Audio |  |  | 524 |  |  |  | 103 |  |  |  |
Consolidated |  | $ | 2,173 |  |  | $ | 8,550 |  |  |  |
|  | March 31, |  |  | December 31, |  |  |  |
Total assets |  | 2024 |  |  | 2023 |  |  |  |
Digital |  |  | 361,238 |  |  |  | 425,624 |  |  |  |
Television |  |  | 347,828 |  |  |  | 342,818 |  |  |  |
Audio |  |  | 95,924 |  |  |  | 97,504 |  |  |  |
Consolidated |  | $ | 804,990 |  |  | $ | 865,946 |  |  |  |
* Percentage not meaningful.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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