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NET REVENUE (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2025 and 2024:
(In thousands) | Radio Broadcasting |  | Reach Media |  | Digital(1) |  | Cable Television(1) |  | All Other - Corporate/Eliminations |  | Consolidated
Three Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 32,693 |  | $ | 6,111 |  | $ | — |  | $ | — |  | $ | (681) |  |  | $ | 38,123
Political advertising | 190 |  | — |  | 11 |  | — |  | — |  | 201
Digital advertising | — |  | — |  | 12,685 |  | — |  | — |  | 12,685
Cable Television advertising | — |  | — |  | — |  | 22,674 |  | — |  | 22,674
Cable Television affiliate fees | — |  | — |  | — |  | 17,089 |  | — |  | 17,089
Event revenues & other | 1,842 |  | 36 |  | — |  | 27 |  | — |  | 1,905
Net revenue | $ | 34,725 |  | $ | 6,147 |  | $ | 12,696 |  | $ | 39,790 |  | $ | (681) |  | $ | 92,677
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 36,418 |  | $ | 9,231 |  | $ | — |  | $ | — |  | $ | (658) |  |  | $ | 44,991
Political advertising | 2,140 |  | 443 |  | 964 |  | — |  | — |  | 3,547
Digital advertising(1) | — |  | — |  | 17,327 |  | — |  | — |  | 17,327
Cable Television advertising(1) | — |  | — |  | — |  | 23,975 |  | — |  | 23,975
Cable Television affiliate fees | — |  | — |  | — |  | 18,808 |  | — |  | 18,808
Event revenues & other | 1,158 |  | 573 |  | — |  | 14 |  | — |  | 1,745
Net revenue | $ | 39,716 |  | $ | 10,247 |  | $ | 18,291 |  | $ | 42,797 |  | $ | (658) |  | $ | 110,393
(In thousands) | Radio Broadcasting |  | Reach Media |  | Digital(1) |  | Cable Television(1) |  | All Other - Corporate/Eliminations |  | Consolidated
Nine Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 97,771 |  | $ | 17,211 |  | $ | — |  | $ | — |  | $ | (2,015) |  |  | $ | 112,967
Political advertising | 580 |  | — |  | 14 |  | — |  | — |  | 594
Digital advertising | — |  | — |  | 33,148 |  | — |  | — |  | 33,148
Cable Television advertising | — |  | — |  | — |  | 71,076 |  | — |  | 71,076
Cable Television affiliate fees | — |  | — |  | — |  | 52,867 |  | — |  | 52,867
Event revenues & other | 5,677 |  | 104 |  | — |  | 110 |  | — |  | 5,891
Net revenue | $ | 104,028 |  | $ | 17,315 |  | $ | 33,162 |  | $ | 124,053 |  | $ | (2,015) |  | $ | 276,543
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Radio advertising | $ | 107,406 |  | $ | 26,456 |  | $ | — |  | $ | — |  | $ | (2,109) |  |  | $ | 131,753
Political advertising | 4,651 |  | 942 |  | 1,342 |  | — |  | — |  | 6,935
Digital advertising(1) | — |  | — |  | 43,209 |  | — |  | — |  | 43,209
Cable Television advertising(1) | — |  | — |  | — |  | 75,104 |  | — |  | 75,104
Cable Television affiliate fees | — |  | — |  | — |  | 58,910 |  | — |  | 58,910
Event revenues & other | 6,009 |  | 10,250 |  | — |  | 99 |  | 278 |  | 16,636
Net revenue | $ | 118,066 |  | $ | 37,648 |  | $ | 44,551 |  | $ | 134,113 |  | $ | (1,831) |  | $ | 332,547
(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 connected television (“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 September 30, 2025, and consolidated balance sheet as of December 31, 2024 were as follows:
| September 30, 2025 |  | December 31, 2024
| (In thousands)
Contract assets: |  |  |
Unbilled receivables | $ | 4,107 |  |  | $ | 5,969 |
Contract liabilities: |  |  |
Customer advances and unearned income | $ | 2,798 |  |  | $ | 2,200 |
Reserve for audience deficiency | 15,228 |  |  | 22,383 |
Unearned event income | 6,937 |  |  | 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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