XML 37 R25.htm IDEA: XBRL DOCUMENT v3.25.3

NET REVENUE (Tables)

9 Months Ended

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

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