XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
NET REVENUE $ 92,677 $ 110,393 $ 276,543 $ 332,547
OPERATING EXPENSES:        
Programming and technical, including stock-based compensation of $14, $9, $43, and $23 respectively 34,719 33,920 93,993 99,849
Selling, general and administrative, including stock-based compensation [1] 49,344 54,609 150,163 172,766
Depreciation and amortization 6,104 1,238 11,942 6,081
Impairment of goodwill and intangible assets 0 46,823 136,521 127,581
Total operating expenses 90,167 136,590 392,619 406,277
Operating income (loss) 2,510 (26,197) (116,076) (73,730)
INTEREST AND INVESTMENT INCOME 512 1,088 2,094 4,863
INTEREST EXPENSE (9,448) (11,649) (30,076) (37,051)
GAIN ON RETIREMENT OF DEBT 2,125 3,472 44,009 18,771
OTHER INCOME, NET 359 74 675 974
Loss from consolidated operations before benefit from income taxes (3,942) (33,212) (99,374) (86,173)
BENEFIT FROM INCOME TAXES 1,121 1,814 6,845 17,824
NET LOSS FROM CONSOLIDATED OPERATIONS (2,821) (31,398) (92,529) (68,349)
LOSS FROM UNCONSOLIDATED JOINT VENTURE 0 0 0 (411)
NET LOSS (2,821) (31,398) (92,529) (68,760)
NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 9 400 (55) 976
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,830) $ (31,798) $ (92,474) $ (69,736)
NET LOSS TO COMMON STOCKHOLDERS (per share)        
Basic (USD per share) $ (0.06) $ (0.68) $ (2.07) $ (1.43)
Diluted (USD per share) $ (0.06) $ (0.68) $ (2.07) $ (1.43)
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
Basic (shares) 44,366,979 47,105,290 44,631,511 48,614,438
Diluted (shares) 44,366,979 47,105,290 44,631,511 48,614,438
[1] Corporate selling, general and administrative expenses have been collapsed with Selling, general and administrative expenses in the unaudited condensed consolidated statements of operations.