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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Required to be Carried at Fair Value on a Recurring Basis
The following table sets forth the carrying values and fair values of the Company’s outstanding debt, programming notes, production loans and derivatives:
September 30, 2025March 31, 2025
(Amounts in millions)(Amounts in millions)
Carrying
Value
Fair Value(1)
Carrying Value
Fair Value(1)
(Level 2)(Level 2)
Liabilities:
Term Loan A$293.4 $300.0 $— $— 
5.5% Senior Notes319.1 259.3 699.9 623.7 
Programming Notes88.2 88.2 90.7 90.7 
Production Loan16.2 16.2 — — 
Interest exchange swaps(2)
0.8 0.8 — — 
Forward exchange contracts(2)
0.2 0.2 — — 
________________
(1)The Company measures the fair value of its outstanding debt using discounted cash flow techniques that use observable market inputs, such as SOFR-based yield curves, swap rates, and credit ratings (Level 2 measurements).
(2)Represents the fair value measurements of the Company’s derivative instruments, specifically forward exchange contracts and interest rate swaps, as of September 30, 2025. These instruments are classified within the fair value hierarchy in accordance with ASC 820. See Note 13, Derivative Instruments and Hedging Activities, for further detail.