CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
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| Income Statement [Abstract] | ||||
| NET REVENUES | $ 268,505 | $ 386,141 | $ 741,403 | $ 1,075,811 |
| OPERATING EXPENSE: | ||||
| Station operating expenses | 228,671 | 273,112 | 668,195 | 801,267 |
| Depreciation and amortization expense | 12,547 | 11,183 | 37,665 | 33,252 |
| Corporate general and administrative expenses | 14,526 | 19,412 | 42,039 | 57,662 |
| Integration costs | 0 | 689 | 490 | 3,280 |
| Restructuring charges | 1,206 | 1,577 | 10,310 | 5,953 |
| Impairment loss | 11,814 | 0 | 17,021 | 0 |
| Merger and acquisition costs | 0 | 434 | 61 | 476 |
| Other expenses related to financing | 0 | 0 | 0 | 1,864 |
| Net time brokerage agreement (income) fees | 0 | 13 | 0 | 106 |
| Net (gain) loss on sale or disposal of assets | 0 | 231 | (228) | (2,683) |
| Total operating expense | 268,764 | 306,651 | 775,553 | 901,177 |
| OPERATING INCOME (LOSS) | (259) | 79,490 | (34,150) | 174,634 |
| Interest expense | 20,846 | 25,256 | 66,109 | 75,420 |
| Loss on extinguishment of debt | 0 | 0 | 0 | 1,781 |
| INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) | (21,105) | 54,234 | (100,259) | 97,433 |
| INCOME TAX (BENEFIT) EXPENSE | (4,227) | 16,026 | (20,432) | 30,110 |
| NET INCOME (LOSS) | $ (16,878) | $ 38,208 | $ (79,827) | $ 67,323 |
| NET INCOME (LOSS) PER SHARE - BASIC (in dollars per share) | $ (0.13) | $ 0.28 | $ (0.59) | $ 0.49 |
| NET INCOME (LOSS) PER SHARE - DILUTED (in dollars per share) | $ (0.13) | $ 0.28 | $ (0.59) | $ 0.49 |
| WEIGHTED AVERAGE SHARES: | ||||
| Basic (in shares) | 134,735,075 | 136,449,453 | 134,753,276 | 137,944,486 |
| Diluted (in shares) | 134,735,075 | 136,452,995 | 134,753,276 | 138,295,091 |
| X | ||||||||||
- Definition Expense to lease other radio stations No definition available.
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| X | ||||||||||
- Definition The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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