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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present the Company's reportable segment results for the three months ended June 30, 2025 (in thousands):
| Digital Advertising |  | Subscription Digital Marketing Solutions |  | Broadcast Advertising |  | Other |  | Corporate and Other Reconciling Items |  | Total
Net revenue | $ | 42,538 |  |  | $ | 18,767 |  |  | $ | 48,684 |  |  | $ | 5,459 |  |  | $ | — |  |  | $ | 115,448 |
Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 31,641 |  |  | 12,524 |  |  | 34,007 |  |  | 4,657 |  |  | — |  |  | 82,829 |
Segment Profit | $ | 10,897 |  |  | $ | 6,243 |  |  | $ | 14,677 |  |  | $ | 802 |  |  | $ | — |  |  | $ | 32,619 |
Depreciation and amortization | 214 |  |  | 436 |  |  | 2,561 |  |  | 23 |  |  | 1,324 |  |  | 4,558 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 6,198 |  |  | 6,198 |
Stock-based compensation | 121 |  |  | 44 |  |  | 149 |  |  | 4 |  |  | 3,472 |  |  | 3,790 |
Transaction and business realignment costs | — |  |  | — |  |  | 114 |  |  | 6 |  |  | 1,269 |  |  | 1,389 |
Impairment of intangible assets | — |  |  | — |  |  | 1,500 |  |  | — |  |  | — |  |  | 1,500 |
Net gain on sale and retirement of assets | — |  |  | — |  |  | (5,866) |  |  | — |  |  | — |  |  | (5,866) |
Operating income (loss) | $ | 10,562 |  |  | $ | 5,763 |  |  | $ | 16,219 |  |  | $ | 769 |  |  | $ | (12,263) |  |  | $ | 21,050 |
The following table presents the Company's reportable segment results for the three months ended June 30, 2024 (in thousands):
| Digital Advertising |  | Subscription Digital Marketing Solutions |  | Broadcast Advertising |  | Other |  | Corporate and Other Reconciling Items |  | Total
Net revenue | $ | 41,524 |  |  | $ | 18,515 |  |  | $ | 53,633 |  |  | $ | 4,553 |  |  | $ | — |  |  | $ | 118,225 |
Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 30,515 |  |  | 13,098 |  |  | 37,612 |  |  | 4,287 |  |  | — |  |  | 85,512 |
Segment Profit | $ | 11,009 |  |  | $ | 5,417 |  |  | $ | 16,021 |  |  | $ | 266 |  |  | $ | — |  |  | $ | 32,713 |
Depreciation and amortization | 266 |  |  | 608 |  |  | 2,807 |  |  | 32 |  |  | 1,301 |  |  | 5,014 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 6,482 |  |  | 6,482 |
Stock-based compensation | 208 |  |  | 180 |  |  | 169 |  |  | 4 |  |  | 7,764 |  |  | 8,325 |
Transaction and business realignment costs | — |  |  | — |  |  | 70 |  |  | 6 |  |  | 1,518 |  |  | 1,594 |
Impairment of intangible assets, investments, goodwill and long-lived assets | 1,784 |  |  | — |  |  | 28,385 |  |  | 909 |  |  | 1,560 |  |  | 32,638 |
Net loss on sale and retirement of assets | — |  |  | — |  |  | 30 |  |  | — |  |  | — |  |  | 30 |
Operating income (loss) | $ | 8,751 |  |  | $ | 4,629 |  |  | $ | (15,440) |  |  | $ | (685) |  |  | $ | (18,625) |  |  | $ | (21,370) |
The following tables present the Company's reportable segment results for the six months ended June 30, 2025 (in thousands):
| Digital Advertising |  | Subscription Digital Marketing Solutions |  | Broadcast Advertising |  | Other |  | Corporate and Other Reconciling Items |  | Total
Net revenue | $ | 79,289 |  |  | $ | 37,789 |  |  | $ | 89,999 |  |  | $ | 7,046 |  |  | $ | — |  |  | $ | 214,123 |
Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 60,492 |  |  | 25,370 |  |  | 66,950 |  |  | 5,833 |  |  | — |  |  | 158,645 |
Segment Profit | $ | 18,797 |  |  | $ | 12,419 |  |  | $ | 23,049 |  |  | $ | 1,213 |  |  | $ | — |  |  | $ | 55,478 |
Depreciation and amortization | 432 |  |  | 908 |  |  | 5,125 |  |  | 47 |  |  | 2,461 |  |  | 8,973 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 10,920 |  |  | 10,920 |
Stock-based compensation | 247 |  |  | 83 |  |  | 314 |  |  | 7 |  |  | 7,327 |  |  | 7,978 |
Transaction and business realignment costs | — |  |  | — |  |  | 338 |  |  | 12 |  |  | 3,477 |  |  | 3,827 |
Impairment of intangible assets | — |  |  | — |  |  | 1,500 |  |  | — |  |  | — |  |  | 1,500 |
Net gain on sale and retirement of assets | — |  |  | — |  |  | (5,903) |  |  | — |  |  | — |  |  | (5,903) |
Operating income (loss) | $ | 18,118 |  |  | $ | 11,428 |  |  | $ | 21,675 |  |  | $ | 1,147 |  |  | $ | (24,185) |  |  | $ | 28,183 |
The following tables present the Company's reportable segment results for the six months ended June 30, 2024 (in thousands):
| Digital Advertising |  | Subscription Digital Marketing Solutions |  | Broadcast Advertising |  | Other |  | Corporate and Other Reconciling Items |  | Total
Net revenue | $ | 75,680 |  |  | $ | 36,768 |  |  | $ | 99,088 |  |  | $ | 6,322 |  |  | $ | — |  |  | $ | 217,858 |
Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 57,615 |  |  | 26,295 |  |  | 72,882 |  |  | 5,615 |  |  | — |  |  | 162,407 |
Segment Profit | $ | 18,065 |  |  | $ | 10,473 |  |  | $ | 26,206 |  |  | $ | 707 |  |  | $ | — |  |  | $ | 55,451 |
Depreciation and amortization | 447 |  |  | 1,222 |  |  | 5,671 |  |  | 65 |  |  | 2,544 |  |  | 9,949 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 11,699 |  |  | 11,699 |
Stock-based compensation | 356 |  |  | 334 |  |  | 358 |  |  | 8 |  |  | 10,139 |  |  | 11,195 |
Transaction and business realignment costs | — |  |  | — |  |  | 88 |  |  | 12 |  |  | 2,938 |  |  | 3,038 |
Impairment of intangible assets, investments, goodwill and long-lived assets | 1,784 |  |  | — |  |  | 30,003 |  |  | 909 |  |  | 1,560 |  |  | 34,256 |
Net loss on sale and retirement of assets | — |  |  | — |  |  | 44 |  |  | — |  |  | — |  |  | 44 |
Operating income (loss) | $ | 15,478 |  |  | $ | 8,917 |  |  | $ | (9,958) |  |  | $ | (287) |  |  | $ | (28,880) |  |  | $ | (14,730) |

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- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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