ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables)
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12 Months Ended |
Dec. 31, 2018 |
| Business Combinations [Abstract] |
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| Schedule of merger and acquisition costs |
| Years Ended | | December 31, | | 2018 | | 2017 | | 2016 | | (amounts in thousands) | | | | | | | | | | | Costs to exit duplicative contracts | $ | 229 | | $ | 500 | | $ | - | | Workforce reduction | | 3,599 | | | 10,441 | | | - | | Lease abandonment costs | | 1,315 | | | 2,874 | | | - | | Other restructuring costs | | 687 | | | 147 | | | - | | Transition services costs | | - | | | 2,960 | | | - | | Total restructuring charges | $ | 5,830 | | $ | 16,922 | | $ | - |
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| Schedule of unaudited pro forma summary of financial information |
| Years Ended December 31, | | 2018 | | | 2017 | | 2016 | | (amounts in thousands, except per share data) | | Pro Forma | | Pro Forma | | Pro Forma | | | | | | | | | | | Net revenues | $ | 1,473,266 | | $ | 1,607,777 | | $ | 1,656,123 | | Income (loss) from continuing operations | $ | (357,608) | | $ | 374,135 | | $ | (587,393) | | Income (loss) from discontinued operations | $ | 1,152 | | $ | 836 | | $ | - | | Net income (loss) available to the Company | $ | (356,456) | | $ | 374,971 | | $ | (587,393) | | Net income (loss) available to common shareholders | $ | (356,456) | | $ | 372,956 | | $ | (589,294) | | Income (loss) from continuing operations | | | | | | | | | | per common share - basic | $ | (2.59) | | $ | 2.67 | | $ | (4.20) | | Income (loss) from discontinued operations | | | | | | | | | | per common share - basic | $ | 0.01 | | $ | 0.01 | | $ | - | | Net income (loss) available to common shareholders | | | | | | | | | | per common share - basic | $ | (2.58) | | $ | 2.66 | | $ | (4.21) | | Income (loss) from continuing operations | | | | | | | | | | per common share - diluted | $ | (2.59) | | $ | 2.64 | | $ | (4.20) | | Income (loss) from discontinued operations | | | | | | | | | | per common share - diluted | $ | 0.01 | | $ | 0.01 | | $ | - | | Net income (loss) available to common shareholders | | | | | | | | | | per common share - diluted | $ | (2.58) | | $ | 2.63 | | $ | (4.21) | | | | | | | | | | | Weighted shares outstanding basic | | 138,070 | | | 140,298 | | | 139,908 | | Weighted shares outstanding diluted | | 138,070 | | | 141,790 | | | 139,908 | | Conversion of preferred stock for dilutive purposes | | | | | | | | | | under the as if method | Not applicable | | Not applicable | | anti-dilutive |
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| Schedule of the future amortization of unfavoarble leases from acquisition |
| As Of | | December 31, | | 2018 | | (amounts in | | thousands) | | Years ending December 31, | | | | 2019 | $ | 7,318 | | 2020 | | 6,909 | | 2021 | | 6,606 | | 2022 | | 5,725 | | 2023 | | 6,099 | | Thereafter | | 1,011 | | $ | 33,668 |
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| Schedule of Restrucutring Reserve by Type |
| Years Ended | | December 31, | | 2018 | | 2017 | | (amounts in thousands) | | | | | | | | Restructuring charges and lease abandonment costs, beginning balance | $ | 16,086 | | $ | 650 | | Additions resulting from the integration of CBS Radio | | 5,830 | | | 15,005 | | Restructuring charges assumed from the Merger | | - | | | 1,095 | | Payments | | (14,839) | | | (664) | | Restructuring charges and lease abandonment costs unpaid and outstanding | | 7,077 | | | 16,086 | | Restructuring charges and lease abandonment costs - noncurrent portion | | (988) | | | (4,413) | | Restructuring charges and lease abandonment costs - current portion | $ | 6,089 | | $ | 11,673 |
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| ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock |
| iHeartMedia Transaction | | Market | | Radio Stations | | Transactions | | TBA Commencement Date | | Disposition or Acquisition Date | | Richmond, VA | | WRVA AM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WRXL FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WTVR FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WBTJ FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WRNL AM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WRVQ FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WKXJ FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WUSY FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WRXR FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WLND FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Boston, MA | | WBZ AM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | Boston, MA | | WZLX FM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | Boston, MA | | WRKO AM | | Company divested to iHeart | | Not Applicable | | December 19, 2017 | | Boston, MA | | WKAF FM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | Seattle, WA | | KZOK FM | | Company divested to iHeart | | Not Applicable | | December 19, 2017 | | Seattle, WA | | KJAQ FM | | Company divested to iHeart | | Not Applicable | | December 19, 2017 | | Seattle, WA | | KFNQ AM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | | | | | | | | | | Beasley Transaction | | Market | | Radio Stations | | Transactions | | TBA Commencement Date | | Disposition or Acquisition Date | | Boston, MA | | WMJX FM | | Company acquired from Beasley | | December 4, 2017 | | December 19, 2017 | | Boston, MA | | WBZ FM | | Company divested to Beasley | | Not Applicable | | December 19, 2017 |
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| Charlotte [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | | | Useful Lives in Years | | | Final Value | | From | | To | | | (amounts in | | | | | | thousands) | | | | | Assets | | | | | | | | | Land | | $ | 2,539 | | non-depreciating | | Buildings | | | 217 | | 15 | | 25 | | Equipment | | | 4,569 | | 3 | | 40 | | Total property plant and equipment | | | 7,325 | | | | | | Deferred tax asset | | | 287 | | life of underlying asset | | Radio broadcasting licenses and goodwill | | | 17,384 | | non-amortizing | | Total assets | | | 24,996 | | | | | | Liabilities | | | | | | | | | Unfavorable lease liabilities | | | 735 | | over remaining lease life | | Deferred tax liability | | | 261 | | life of underlying liability | | Total liabilities | | | 996 | | | | | | Fair value of net assets acquired | | $ | 24,000 | | | | |
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| CBS Radio [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | Preliminary Value | | | | | | | | | as of acquisition date | | | | | | | | | (as previously | | Measurement | | | | | | reported as of | | Period | | | | | Description | | December 31, 2017) | | Adjustment | | As Adjusted | | | (amounts in thousands) | | | | | | | | | | | | Assets | | | | | | | | | | | Accounts receivable | | $ | 241,548 | | $ | - | | $ | 241,548 | | Prepaid sports rights and favorable sports contracts | | | 4,160 | | | - | | | 4,160 | | Prepaid expenses, deposits and other | | | 20,625 | | | 476 | | | 21,101 | | Other current assets | | | 7,350 | | | 1,741 | | | 9,091 | | Total current assets | | | 273,683 | | | 2,217 | | | 275,900 | | Land | | | 112,880 | | | - | | | 112,880 | | Land improvements | | | 3,988 | | | (2,640) | | | 1,348 | | Leasehold improvements | | | 26,255 | | | 9,774 | | | 36,029 | | Buildings | | | 19,246 | | | (5,206) | | | 14,040 | | Furniture and fixtures | | | 10,929 | | | (6,849) | | | 4,080 | | Equipment and towers | | | 76,486 | | | 21,346 | | | 97,832 | | Construction in process | | | 14,598 | | | - | | | 14,598 | | Total tangible property | | | 264,382 | | | 16,425 | | | 280,807 | | Advertiser relationships | | | 27,453 | | | - | | | 27,453 | | Radio broadcasting licenses | | | 1,880,400 | | | - | | | 1,880,400 | | Goodwill | | | 820,961 | | | (21,498) | | | 799,463 | | Assets held for sale | | | 255,650 | | | - | | | 255,650 | | Favorable leases | | | 16,580 | | | - | | | 16,580 | | Other noncurrent assets | | | 1,050 | | | 4,176 | | | 5,226 | | Total intangible and other assets | | | 3,002,094 | | | (17,322) | | | 2,984,772 | | Total assets | | $ | 3,540,159 | | $ | 1,320 | | $ | 3,541,479 | | Liabilities | | | | | | | | | | | Accounts payable | | $ | 36,137 | | $ | 421 | | $ | 36,558 | | Accrued expenses | | | 35,154 | | | 2,309 | | | 37,463 | | Accrued salaries and benefits | | | 26,324 | | | - | | | 26,324 | | Current portion of long-term debt | | | 10,600 | | | - | | | 10,600 | | Unfavorable sports liability - current portion | | | 4,803 | | | - | | | 4,803 | | Accrued interest | | | 4,529 | | | - | | | 4,529 | | Unearned revenues - current portion | | | 14,971 | | | - | | | 14,971 | | Total current liabilities | | | 132,518 | | | 2,730 | | | 135,248 | | Unearned revenues - non-current portion | | | 13,859 | | | - | | | 13,859 | | Unfavorable lease liability | | | 12,770 | | | - | | | 12,770 | | Unfavorable sports liability - non-current portion | | | 22,597 | | | - | | | 22,597 | | Non-current portion of long-term debt | | | 1,376,900 | | | - | | | 1,376,900 | | Deferred tax liability | | | 780,832 | | | (3,336) | | | 777,496 | | Other long-term liabilities | | | 31,835 | | | 1,926 | | | 33,761 | | Total liabilities | | $ | 2,371,311 | | $ | 1,320 | | $ | 2,372,631 | | Preliminary fair value of net assets acquired | | $ | 1,168,848 | | $ | - | | $ | 1,168,848 |
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| IHeart And Beasley Exchange Member [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| Beasley Transaction | | Assets Acquired | | Assets Disposed | | (amounts in thousands) | | Assets | | | | | | | Total property plant and equipment | $ | 667 | | $ | 807 | | Total tangible assets | | 667 | | | 807 | | | | | | | | Sports rights agreement | | - | | | 267 | | Radio broadcasting licenses | | 35,944 | | | 35,944 | | Goodwill | | 289 | | | 11,882 | | Total intangible assets | | 36,233 | | | 48,093 | | Additional cash consideration | | 12,000 | | | - | | Total value | $ | 48,900 | | $ | 48,900 | | | | | | | | iHeart Transaction | | Assets Acquired | | Assets Disposed | | (amounts in thousands) | | Assets | | | | | | | Total property plant and equipment | $ | 13,725 | | $ | 8,149 | | Total tangible assets | | 13,725 | | | 8,149 | | | | | | | | Acquired advertising contracts | | 265 | | | - | | Advertiser relationships | | 1,041 | | | - | | Radio broadcasting licenses | | 50,621 | | | 56,299 | | Goodwill | | 11,700 | | | 6,852 | | Total intangible assets | | 63,627 | | | 63,151 | | Liabilities | | | | | | | Unfavorable lease agreements assumed | | (1,301) | | | - | | Deferred tax liabilities | | (4,751) | | | - | | Total value | $ | 71,300 | | $ | 71,300 |
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| Emmis [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | | | Useful Lives in Years | | | Preliminary Value | | From | | To | | | (amounts in thousands) | | | | | | | | | | | | | Assets | | | | | | | | | Equipment | | $ | 1,558 | | 3 | | 7 | | Total tangible property | | | 1,558 | | | | | | Advertiser relationships | | | 207 | | 5 | | 15 | | Advertising contracts | | | 114 | | 1 | | 1 | | Radio broadcasting licenses | | | 12,785 | | non-amortizing | | Goodwill | | | 332 | | non-amortizing | | Other noncurrent assets | | | 4 | | 2 | | 2 | | Total intangible and other assets | | | 13,442 | | | | | | Total assets | | $ | 15,000 | | | | | | Preliminary fair value of assets acquired | | $ | 15,000 | | | | |
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| WBEB [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | | | Useful Lives in Years | | | Preliminary Value | | From | | To | | | (amounts in thousands) | | | | | | | | | | | | | Assets | | | | | | | | | Equipment | | $ | 981 | | 3 | | 7 | | Total tangible property | | | 981 | | | | | | Advertising contracts | | | 477 | | 1 | | 1 | | Radio broadcasting licenses | | | 27,346 | | non-amortizing | | Goodwill | | | 24,396 | | non-amortizing | | Net working capital | | | 3,234 | | not applicable | | Total intangible and other assets | | | 55,453 | | | | | | Total assets | | $ | 56,434 | | | | | | | | | | | | | | Preliminary fair value of net assets acquired | | $ | 56,434 | | | | |
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