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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 233,090 $ 75,404
Restricted cash 480 26,475
Trade accounts receivable, net of allowance for expected credit losses of $8,638 and $9,223, respectively 133,194 142,045
Prepaid expenses 9,504 8,729
Current portion of content assets 29,748 34,003
Other current assets 15,950 8,750
Total current assets 421,966 295,406
CONTENT ASSETS, NET 82,448 86,378
PROPERTY AND EQUIPMENT, NET 28,661 28,258
GOODWILL 216,599 216,599
RIGHT OF USE ASSETS, NET 31,649 31,879
RADIO BROADCASTING LICENSES 375,296 488,419
OTHER INTANGIBLE ASSETS, NET 49,104 55,193
DEBT SECURITIES - available-for-sale, at fair value; amortized cost of $0 and $40,000 at December 31, 2023 and 2022, respectively 0 136,826
OTHER ASSETS 5,450 5,688
Total assets 1,211,173 1,344,646
CURRENT LIABILITIES:    
Accounts payable 20,000 17,196
Accrued interest 22,342 23,111
Accrued compensation and related benefits 14,420 17,421
Current portion of content payables 22,389 26,718
Current portion of lease liabilities 10,648 8,690
Other current liabilities 42,831 39,682
Total current liabilities 132,630 132,818
LONG-TERM DEBT, net of original issue discount and issuance costs 716,246 739,000
CONTENT PAYABLES, net of current portion 3,402 10,365
LONG-TERM LEASE LIABILITIES 22,377 25,545
OTHER LONG-TERM LIABILITIES 24,995 34,856
DEFERRED TAX LIABILITIES, NET 20,938 39,389
Total liabilities 920,588 981,973
COMMITMENTS AND CONTINGENCIES (NOTE 17)
REDEEMABLE NONCONTROLLING INTERESTS 16,520 31,923
STOCKHOLDERS' EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at December 31, 2023 and 2022 0 0
Accumulated other comprehensive income 0 73,227
Additional paid-in capital 1,007,387 993,484
Accumulated deficit (733,371) (736,010)
Total stockholders' equity 274,065 330,750
Total liabilities, redeemable noncontrolling interests and stockholders' equity 1,211,173 1,344,646
Common Stock Class A    
STOCKHOLDERS' EQUITY:    
Common stock value 10 10
Common Stock Class B    
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Stock Class C    
STOCKHOLDERS' EQUITY:    
Common stock value 2 2
Common Stock Class D    
STOCKHOLDERS' EQUITY:    
Common stock value $ 34 $ 34