XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

NET REVENUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of net revenues | The following tables show the sources of the Company’s net revenue by contract type and segment for the three months ended March 31, 2025 and 2024:
(In thousands) | Radio Broadcasting |  | Reach Media |  | Digital(1) |  | Cable Television(1) |  | All Other - Corporate/Eliminations |  | Consolidated
Three Months Ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 31,050 |  | $ | 5,800 |  | $ | — |  | $ | — |  | $ | (633) |  |  | $ | 36,217
Political advertising | 149 |  | — |  | 1 |  | — |  | — |  | 150
Digital advertising | — |  | — |  | 10,211 |  | — |  | — |  | 10,211
Cable Television advertising | — |  | — |  | — |  | 25,425 |  | — |  | 25,425
Cable Television affiliate fees | — |  | — |  | — |  | 18,717 |  | — |  | 18,717
Event revenues & other | 1,411 |  | 53 |  | — |  | 51 |  | — |  | 1,515
Net revenue | $ | 32,610 |  | $ | 5,853 |  | $ | 10,212 |  | $ | 44,193 |  | $ | (633) |  | $ | 92,235
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 33,754 |  | $ | 8,382 |  | $ | — |  | $ | — |  | $ | (795) |  |  | $ | 41,341
Political advertising | 1,167 |  | 48 |  | 22 |  | — |  | — |  | 1,237
Digital advertising(1) | — |  | — |  | 12,167 |  | — |  | — |  | 12,167
Cable Television advertising(1) | — |  | — |  | — |  | 27,144 |  | — |  | 27,144
Cable Television affiliate fees | — |  | — |  | — |  | 20,787 |  | — |  | 20,787
Event revenues & other | 1,430 |  | 42 |  | — |  | 73 |  | 189 |  | 1,734
Net revenue | $ | 36,351 |  | $ | 8,472 |  | $ | 12,189 |  | $ | 48,004 |  | $ | (606) |  | $ | 104,410
(1) Effective January 1, 2025, segment information for the prior periods has been recast in this Quarterly Report on Form 10-Q to include reclassification of a portion of revenues from our CTV offering from the Digital segment to the Cable Television segment.
Schedule of contract assets | Contract assets and contract liabilities that are not separately stated in the Company’s condensed consolidated balance sheets as of March 31, 2025, and December 31, 2024 were as follows:
| March 31, 2025 |  | December 31, 2024
| (In thousands)
Contract assets: |  |  |
Unbilled receivables | $ | 4,051 |  |  | $ | 5,969 |
Total barter receivables | 1,959 |  |  | 2,101 |
Contract liabilities: |  |  |
Customer advances and unearned income | $ | 2,499 |  |  | $ | 2,200 |
Reserve for audience deficiency | 19,467 |  |  | 22,383 |
Unearned event income | 2,292 |  |  | 1,152 |
Total deferred barter revenue | 1,959 |  |  | 2,101 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration