v3.23.3
INTANGIBLE ASSETS AND GOODWILL (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Broadcasting License
The following table presents the changes in the carrying value of broadcasting licenses. Refer to Note 2, Business Combinations, and Note 14, Assets Held For Sale, for additional information.
Broadcast Licenses Carrying AmountSeptember 30,
2023		December 31,
2022
(amounts in thousands)
Broadcasting licenses balance as of January 1,$2,089,226 $2,251,546 
Disposition of radio stations (See Note 2)(4,956)(4,377)
Acquisitions (See Note 2)— 2,002 
Loss on impairment(390,600)(159,089)
Assets held for sale (See Note 14)— (856)
Ending period balance$1,693,670 $2,089,226 
Schedule of Changes in Goodwill
The following table presents the changes in goodwill. Refer to Note 2, Business Combinations, for additional information.
Goodwill Carrying AmountSeptember 30,
2023		December 31,
2022
(amounts in thousands)
Goodwill balance before cumulative loss on impairment as of January 1,$1,062,588 $1,062,723 
Accumulated loss on impairment as of January 1,(998,673)(980,547)
Goodwill beginning balance after cumulative loss on impairment as of January 1,63,915 82,176 
Loss on impairment— (18,126)
Measurement period adjustments to acquired goodwill— (135)
Ending period balance$63,915 $63,915 
Schedule of Assumptions and Estimates for Broadcasting Licenses Impairment Testing The following table reflects the estimates and assumptions used in the interim and annual broadcasting licenses impairment assessments of each year.
Estimates and AssumptionsThird Quarter
2023		Second Quarter 2023Fourth Quarter 2022
Discount rate10.0 %9.5 %9.5 %
Operating profit margin ranges for average stations in markets where the Company operates
18% to 32%
18% to 32%
18% to 33%
Forecasted growth rate range of the Company's markets
 -2.0% to 0%
0 %
0% to 0.6%
Schedule of Assumptions and Estimates for Goodwill Impairment Testing
The following table reflects the estimates and assumptions used in the interim and annual goodwill impairment assessments.
Estimates and Assumptions
Third Quarter
2023
Second Quarter 2023Fourth Quarter 2022
Discount rate - podcast reporting unit11.5 %11.5 %11.0 %