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v3.25.1

SEGMENT INFORMATION - Segment Data (Details) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 USD ($) segment | Mar. 31, 2024 USD ($)
SEGMENT INFORMATION |  |
NET REVENUE | $ 92,235 | $ 104,410
Operating Expenses [Abstract] |  |
Depreciation and amortization | 2,315 | 1,850
Impairment charges | 6,443 | 0
Interest and investment income | (966) | (1,998)
Interest expense | 10,924 | 12,998
GAIN ON RETIREMENT OF DEBT | 11,587 | 7,874
OTHER INCOME, NET | 192 | 886
Income from consolidated operations before provision for income taxes | $ 3,919 | 10,648
Number of reportable segments | segment | 4 |
Related to acquisition of property | $ 2,547 | 1,814
Operating Segments |  |
Operating Expenses [Abstract] |  |
Segment Adjusted EBITDA | 20,947 | 29,112
Corporate/Eliminations/Other | (8,090) | (6,855)
Corporate Development Costs | 747 | 5,359
Severance-related costs | 219 | 64
Loss from ceased non-core business initiatives | 359 | 712
Stock-based compensation | 676 | 1,384
Depreciation and amortization | 2,315 | 1,850
Impairment charges | 6,443 | 0
Interest and investment income | (966) | (1,998)
Interest expense | 10,924 | 12,998
GAIN ON RETIREMENT OF DEBT | (11,587) | (7,874)
OTHER INCOME, NET | (192) | (886)
Income from consolidated operations before provision for income taxes | 3,919 | 10,648
Operating Segments | Radio Broadcasting |  |
SEGMENT INFORMATION |  |
NET REVENUE | 32,610 | 36,351
Operating Expenses [Abstract] |  |
Programming and technical | 11,293 | 11,329
Sales and marketing | 11,546 | 11,394
General and administrative | 7,050 | 8,066
Other segment income (expenses) | 127 | 72
Segment Adjusted EBITDA | 2,848 | 5,634
Related to acquisition of property | 2,135 | 1,084
Operating Segments | Reach Media |  |
SEGMENT INFORMATION |  |
NET REVENUE | 5,853 | 8,472
Operating Expenses [Abstract] |  |
Programming and technical | 3,368 | 3,482
Sales and marketing | 2,125 | 2,181
General and administrative | 1,026 | 970
Other segment income (expenses) | 115 | (9)
Segment Adjusted EBITDA | (551) | 1,830
Related to acquisition of property | 0 | 10
Operating Segments | Digital |  |
SEGMENT INFORMATION |  |
NET REVENUE | 10,212 | 12,189
Operating Expenses [Abstract] |  |
Programming and technical | 3,187 | 3,502
Sales and marketing | 6,787 | 5,704
General and administrative | 184 | 636
Other segment income (expenses) | 4 | 0
Segment Adjusted EBITDA | 58 | 2,347
Related to acquisition of property | 284 | 447
Operating Segments | Cable Television |  |
SEGMENT INFORMATION |  |
NET REVENUE | 44,193 | 48,004
Operating Expenses [Abstract] |  |
Programming and technical | 12,909 | 14,600
Sales and marketing | 9,096 | 10,139
General and administrative | 3,595 | 3,964
Other segment income (expenses) | (1) | 0
Segment Adjusted EBITDA | 18,592 | 19,301
Related to acquisition of property | 0 | 69
Eliminations |  |
SEGMENT INFORMATION |  |
NET REVENUE | (633) | (606)
Operating Expenses [Abstract] |  |
Related to acquisition of property | $ 128 | $ 204

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