v3.24.1.1.u2
INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
The following table presents the changes in the carrying value of broadcasting licenses. Refer to Note 2, Dispositions, and Note 16, Assets Held for Sale, for additional information.
Broadcast Licenses Carrying AmountMarch 31,
2024
December 31,
2023
(amounts in thousands)
Broadcasting licenses balance as of January 1,$794,771 $2,089,226 
Disposition of radio stations (See Note 2)— (4,956)
Loss on impairment— (1,289,499)
Ending period balance$794,771 $794,771 
Schedule of Changes in Goodwill
The following table presents the changes in goodwill. Refer to Note 2, Dispositions, for additional information.
Goodwill Carrying AmountMarch 31,
2024
December 31,
2023
(amounts in thousands)
Goodwill balance before cumulative loss on impairment as of January 1,$1,062,588 $1,062,588 
Accumulated loss on impairment as of January 1,(998,673)(998,673)
Ending period balance (1)
$63,915 $63,915 
(1)Our goodwill carrying amount as of March 31, 2024 is limited to the goodwill acquired in the 2019 acquisitions of Cadence13
and Pineapple Street and the 2021 acquisition of Podcorn totaling approximately $64.0 million allocated to the podcast reporting unit. At December 1, 2023, our annual impairment date, the podcast reporting unit fair value approximated its carrying value, as such, no impairment was needed.