XML 53 R41.htm IDEA: XBRL DOCUMENT v3.24.3
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of segment reporting information
Detailed segment data for the three and nine months ended September 30, 2024 and 2023, is presented in the following tables:
Three Months Ended
September 30,
20242023
(In thousands)
Net revenues:
Radio Broadcasting$39,716$40,152
Reach Media10,24711,157
Digital20,39820,356
Cable Television40,69046,787
All other - corporate/eliminations*(658)(627)
Consolidated$110,393$117,825
Operating expenses (excluding depreciation and amortization and impairment of goodwill, intangible assets, and long-lived assets):
Radio Broadcasting$33,171$31,701
Reach Media5,8787,965
Digital13,37113,063
Cable Television25,65124,563
All other - corporate/eliminations10,4589,389
Consolidated$88,529$86,681
Depreciation and amortization:
Radio Broadcasting$509$925
Reach Media3941
Digital401376
Cable Television47110
All other - corporate/eliminations242356
Consolidated$1,238$1,808
Impairment of goodwill, intangible assets, and long-lived assets:
Radio Broadcasting$37,734$85,448
Reach Media
Digital
Cable Television9,089
All other - corporate/eliminations
Consolidated$46,823$85,448
Operating (loss) income:
Radio Broadcasting$(31,698)$(77,922)
Reach Media4,3303,151
Digital6,6266,917
Cable Television5,90322,114
All other - corporate/eliminations(11,358)(10,372)
Consolidated$(26,197)$(56,112)
*Intercompany revenue included in net revenues above is as follows:
Radio Broadcasting$(658)$(627)
Three Months Ended
September 30,
20242023
(In thousands)
Capital expenditures:
Radio Broadcasting$1,119$1,711
Reach Media2036
Digital391469
Cable Television36
All other - corporate/eliminations103208
Consolidated$1,633$2,460
Nine Months Ended
September 30,
20242023
(In thousands)
Net revenues:  
Radio Broadcasting$118,066$114,528
Reach Media37,64842,125
Digital50,25254,335
Cable Television128,412148,895
All other - corporate/eliminations*(1,831)(2,537)
Consolidated$332,547$357,346
Operating expenses (excluding depreciation and amortization and impairment of goodwill, intangible assets, and long-lived assets):  
Radio Broadcasting$94,315$87,573
Reach Media27,83531,326
Digital37,38137,231
Cable Television82,14082,547
All other - corporate/eliminations30,94426,410
Consolidated$272,615$265,087
Depreciation and amortization:  
Radio Broadcasting$3,470$2,730
Reach Media121120
Digital1,2151,077
Cable Television3481,327
All other - corporate/eliminations9271,037
Consolidated$6,081$6,291
Impairment of goodwill, intangible assets, and long-lived assets:  
Radio Broadcasting$118,492$124,304
Reach Media
Digital
Cable Television9,089
All other - corporate/eliminations
Consolidated$127,581$124,304
Operating (loss) income:  
Radio Broadcasting$(98,211)$(100,079)
Reach Media9,69210,679
Digital11,65616,027
Cable Television36,83565,021
All other - corporate/eliminations(33,702)(29,984)
Consolidated$(73,730)$(38,336)
*Intercompany revenue included in net revenues above is as follows:
Radio Broadcasting$(2,111)$(2,537)
Nine Months Ended
September 30,
20242023
(In thousands)
Capital expenditures:
Radio Broadcasting$3,956$4,098
Reach Media4987
Digital1,2691,434
Cable Television6947
All other - corporate/eliminations329912
Consolidated$5,672$6,578
September 30,
2024
December 31,
2023
(In thousands)
Total assets:
Radio Broadcasting$381,120 $503,259 
Reach Media49,253 50,722 
Digital27,426 31,185 
Cable Television402,352 398,660 
All other - corporate/eliminations102,452 227,347 
Consolidated$962,603 $1,211,173