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NET REVENUE (Tables) | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2025 and 2024:
(In thousands) | Radio Broadcasting |  | Reach Media |  | Digital(1) |  | Cable Television(1) |  | All Other - Corporate/Eliminations |  | Consolidated
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 34,028 |  | $ | 5,300 |  | $ | — |  | $ | — |  | $ | (701) |  |  | $ | 38,627
Political advertising | 241 |  | — |  | 13 |  | — |  | — |  | 254
Digital advertising | — |  | — |  | 10,241 |  | — |  | — |  | 10,241
Cable Television advertising | — |  | — |  | — |  | 22,977 |  | — |  | 22,977
Cable Television affiliate fees | — |  | — |  | — |  | 17,061 |  | — |  | 17,061
Event revenues & other | 2,424 |  | 15 |  | — |  | 32 |  | — |  | 2,471
Net revenue | $ | 36,693 |  | $ | 5,315 |  | $ | 10,254 |  | $ | 40,070 |  | $ | (701) |  | $ | 91,631
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 37,235 |  | $ | 8,845 |  | $ | — |  | $ | — |  | $ | (659) |  |  | $ | 45,421
Political advertising | 1,344 |  | 450 |  | 358 |  | — |  | — |  | 2,152
Digital advertising(1) | — |  | — |  | 13,714 |  | — |  | — |  | 13,714
Cable Television advertising(1) | — |  | — |  | — |  | 23,985 |  | — |  | 23,985
Cable Television affiliate fees | — |  | — |  | — |  | 19,315 |  | — |  | 19,315
Event revenues & other | 3,420 |  | 9,634 |  | — |  | 12 |  | 91 |  | 13,157
Net revenue | $ | 41,999 |  | $ | 18,929 |  | $ | 14,072 |  | $ | 43,312 |  | $ | (568) |  | $ | 117,744
(In thousands) | Radio Broadcasting |  | Reach Media |  | Digital(1) |  | Cable Television(1) |  | All Other - Corporate/Eliminations |  | Consolidated
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 65,078 |  | $ | 11,100 |  | $ | — |  | $ | — |  | $ | (1,334) |  |  | $ | 74,844
Political advertising | 390 |  | — |  | 14 |  | — |  | — |  | 404
Digital advertising | — |  | — |  | 20,452 |  | — |  | — |  | 20,452
Cable Television advertising | — |  | — |  | — |  | 48,402 |  | — |  | 48,402
Cable Television affiliate fees | — |  | — |  | — |  | 35,778 |  | — |  | 35,778
Event revenues & other | 3,835 |  | 68 |  | — |  | 83 |  | — |  | 3,986
Net revenue | $ | 69,303 |  | $ | 11,168 |  | $ | 20,466 |  | $ | 84,263 |  | $ | (1,334) |  | $ | 183,866
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 70,988 |  | $ | 17,226 |  | $ | — |  | $ | — |  | $ | (1,453) |  |  | $ | 86,761
Political advertising | 2,511 |  | 498 |  | 379 |  | — |  | — |  | 3,388
Digital advertising(1) | — |  | — |  | 25,881 |  | — |  | — |  | 25,881
Cable Television advertising(1) | — |  | — |  | — |  | 51,129 |  | — |  | 51,129
Cable Television affiliate fees | — |  | — |  | — |  | 40,103 |  | — |  | 40,103
Event revenues & other | 4,851 |  | 9,677 |  | — |  | 85 |  | 279 |  | 14,892
Net revenue | $ | 78,350 |  | $ | 27,401 |  | $ | 26,260 |  | $ | 91,317 |  | $ | (1,174) |  | $ | 222,154
(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 and Liabilities | Contract assets and contract liabilities that are not separately stated in the Company’s unaudited condensed consolidated balance sheet as of June 30, 2025, and consolidated balance sheet as of December 31, 2024 were as follows:
| June 30, 2025 |  | December 31, 2024
| (In thousands)
Contract assets: |  |  |
Unbilled receivables | $ | 3,265 |  |  | $ | 5,969 |
Contract liabilities: |  |  |
Customer advances and unearned income | $ | 3,101 |  |  | $ | 2,200 |
Reserve for audience deficiency | 17,236 |  |  | 22,383 |
Unearned event income | 1,468 |  |  | 1,152 |

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- 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
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- 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
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