CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Debtors Statement of Operations (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Mar. 31, 2024 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Dec. 31, 2023 |
|
| NET REVENUES | $ 301,610 | $ 298,513 | $ 563,417 | $ 558,148 | |||
| OPERATING EXPENSE: | |||||||
| Station operating expenses | 251,715 | 266,120 | 484,208 | 500,048 | |||
| Depreciation and amortization expense | 21,714 | 17,575 | 43,624 | 35,017 | |||
| Corporate general and administrative expenses | 21,094 | 25,880 | 44,041 | 51,179 | |||
| Restructuring charges | 3,870 | 8,511 | 4,312 | 10,932 | $ 14,975 | ||
| Impairment loss | 5,473 | 125,355 | 5,629 | 130,405 | |||
| Net loss (gain) on sale or disposal of assets | 634 | (9,876) | (15,170) | (22,280) | |||
| Other expenses | 72 | 243 | 161 | 353 | |||
| TOTAL OPERATING EXPENSES | 304,572 | 433,808 | 566,805 | 705,654 | |||
| OPERATING LOSS | (2,962) | (135,295) | (3,388) | (147,506) | |||
| Interest expense, net | 2,759 | 34,548 | 8,126 | 66,929 | |||
| Reorganization items, net | 8,063 | 0 | 34,097 | 0 | |||
| Other (income) expense | (13,629) | 0 | (39,119) | 0 | |||
| LOSS BEFORE INCOME TAXES | (155) | (169,843) | (6,492) | (214,435) | |||
| INCOME TAX BENEFIT | (3,086) | (44,041) | (7,571) | (52,730) | |||
| NET INCOME (LOSS) | 2,931 | $ (1,852) | (125,802) | $ (35,901) | 1,079 | (161,705) | |
| Debtor-in-Possession | |||||||
| NET REVENUES | 301,610 | 298,513 | 563,417 | 558,148 | |||
| OPERATING EXPENSE: | |||||||
| Station operating expenses | 251,715 | 266,121 | 484,208 | 500,048 | |||
| Depreciation and amortization expense | 21,714 | 17,575 | 43,624 | 35,017 | |||
| Corporate general and administrative expenses | 21,094 | 25,881 | 44,041 | 51,179 | |||
| Restructuring charges | 3,870 | 8,511 | 4,312 | 10,932 | |||
| Impairment loss | 5,473 | 125,355 | 5,629 | 130,405 | |||
| Net loss (gain) on sale or disposal of assets | 634 | (9,876) | (15,170) | (22,280) | |||
| Other expenses | 72 | 243 | 161 | 353 | |||
| TOTAL OPERATING EXPENSES | 304,572 | 433,810 | 566,805 | 705,654 | |||
| OPERATING LOSS | (2,962) | (135,297) | (3,388) | (147,506) | |||
| Interest expense, net | 849 | 33,043 | 4,350 | 63,933 | |||
| Reorganization items, net | 8,063 | 0 | 34,097 | 0 | |||
| Other (income) expense | (5,964) | 6,971 | (26,849) | 10,865 | |||
| LOSS BEFORE INCOME TAXES | (5,910) | (175,311) | (14,986) | (222,304) | |||
| INCOME TAX BENEFIT | (3,086) | (44,041) | (7,571) | (52,730) | |||
| NET INCOME (LOSS) | $ (2,824) | $ (131,270) | $ (7,415) | $ (169,574) | |||
| X | ||||||||||
- 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 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://fasb.org/us-gaap/role/ref/legacyRef
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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 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, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- 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 interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. 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. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total amount of reorganization items. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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