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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the changes in the Company's goodwill carrying values for its reportable segments during 2025:
Radio BroadcastingReach Media
Digital (1)
Cable Television (1)
Total
(in thousands)
As of December 31, 2024
Gross goodwill$154,967 $30,468 $27,567 $165,044 $378,046 
Accumulated impairment losses(124,988)(16,114)(20,345)(20,174)(181,621)
Net goodwill at December 31, 2024$29,979 $14,354 $7,222 $144,870 $196,425 
Additions— — — — — 
Impairments(3,858)— (4,891)— (8,749)
Intersegment transfers (out) in (1)
— — (655)655— 
As of September 30, 2025
Gross goodwill$154,967 $30,468 $26,912 $165,699 $378,046 
Accumulated impairment losses(128,846)(16,114)(25,236)(20,174)(190,370)
Net goodwill at September 30, 2025$26,121 $14,354 $1,676 $145,525 $187,676 
(1) Includes the allocation of goodwill relating to the reclassification of the portion of the Company's CTV offering previously within the Digital reportable segment to our Cable Television reportable segment. See Note 12 - Segment Information for information on this segment reclassification.
Schedule of Estimate the Fair Value of the Broadcasting Licenses
Below are the key assumptions used in the income approach model for estimating the fair value of the broadcasting licenses for the twelve radio markets in the most recent interim impairment assessment performed as of May 31, 2025.
Radio Broadcasting LicensesAs of May 31, 2025
Discount rate
9.5%
Revenue growth rate range
(3.2)% - 0.3%
Market share range
0.8% - 33.0%
Operating profit margin range
0.8% - 30.0%
Schedule of Impaired Intangible Assets
The following table presents the changes in the Company’s radio broadcasting licenses carrying value during the nine months ended September 30, 2025.
(In thousands)
Balance as of January 1, 2025$257,759 
Impairment charges(127,772)
Amortization expense(5,128)
Balance as of September 30, 2025
$124,859 
Schedule of Future Amortization Expense
Future estimated amortization expense related to the broadcasting licenses for the years 2025 through 2030, and thereafter, is as follows:
(In thousands)
Remainder of 2025$3,845 
202614,785 
202713,762 
202812,740 
202911,717 
203010,695 
Thereafter57,315 
Future estimated amortization expense related to the TV One Trade Name for the years 2025 through 2030 and thereafter is as follows:

(In thousands)
Remainder of 2025$633 
20262,407 
20272,280 
20282,153 
20292,027 
20301,900 
Thereafter13,300