v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement Abstract      
Revenues $ 1,462,567 $ 592,884 $ 464,771
OPERATING EXPENSE:      
Station operating expenses, including non-cash compensation expense 1,099,278 443,512 323,270
Depreciation and amortization expense 44,288 15,546 9,793
Corporate general and administrative expenses, including non-cash compensation expense 69,492 47,859 33,328
Integration Costs 25,372 0 0
Restructuring Charges 5,830 16,922 0
Merger and acquisition costs and restructuring charges 3,014 41,313 708
Impairment loss 493,988 952 254
Other expenses related to financing 0 2,213 565
Total Restructuring Charge and Transition Services 5,830 16,922 0
Net time brokerage agreement (income) fees (918) 130 417
Net (gain) loss on sale or disposal of assets (12,158) 11,853 (1,621)
Total operating expense 1,728,186 580,300 366,714
OPERATING INCOME (LOSS) (265,619) 12,584 98,057
OTHER (INCOME) EXPENSE:      
Net interest expense 101,121 32,521 36,639
Net (gain) loss on extinguishment of debt 0 4,135 (10,858)
Net (gain) loss on investments 0 0 0
Other income 0 0 2,299
TOTAL OTHER (INCOME) EXPENSE 0 4,135 8,559
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) (366,740) (24,072) 52,859
INCOME TAXES (BENEFIT) (4,153) (257,085) 14,794
INCOME (LOSS) FROM CONTINUING OPERATIONS (362,587) 233,013 38,065
Preferred stock dividend 0 (2,015) (1,901)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS (362,587) 230,998 36,164
Income Loss From Discontinued Operations Net Of Tax 1,152 836 0
NET INCOME (LOSS) $ (361,435) $ 233,849 $ 38,065
NET INCOME (LOSS) PER SHARE - BASIC      
Income (loss) from continuing operations $ (2.63) $ 4.49 $ 0.94
Income (loss) from discontinued operations, net of income (taxes) benefit 0.01 0.02 0
NET INCOME (LOSS) PER SHARE - BASIC (2.62) 4.51 0.94
NET INCOME (LOSS) PER SHARE - DILUTED      
Income (loss) from continuing operations (2.63) 4.37 0.91
Income (loss) from discontinued operations, net of income (taxes) benefit 0.01 0.02 0
NET INCOME (LOSS) PER SHARE - DILUTED $ (2.62) $ 4.38 $ 0.91
WEIGHTED AVERAGE SHARES:      
Basic 138,069,608 51,392,899 38,500,495
Diluted 138,069,608 52,885,156 39,568,062