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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 155,265 $ 233,090
Restricted cash 481 480
Trade accounts receivable, net of allowance for expected credit losses of $8,331 and $8,638, respectively 123,278 133,194
Prepaid expenses 10,893 9,504
Current portion of content assets 33,348 29,748
Other current assets 11,873 15,950
Total current assets 335,138 421,966
CONTENT ASSETS, NET 82,132 82,448
PROPERTY AND EQUIPMENT, NET 28,459 28,661
GOODWILL 216,599 216,599
RIGHT OF USE ASSETS, NET 32,918 31,649
RADIO BROADCASTING LICENSES 375,296 375,296
OTHER INTANGIBLE ASSETS, NET 47,813 49,104
OTHER ASSETS 7,668 5,450
Total assets 1,126,023 1,211,173
CURRENT LIABILITIES:    
Accounts payable 21,381 20,000
Accrued interest 8,054 22,342
Accrued compensation and related benefits 12,798 14,420
Current portion of content payables 20,320 22,389
Current portion of lease liabilities 10,941 10,648
Other current liabilities 40,269 42,831
Total current liabilities 113,763 132,630
LONG-TERM DEBT, net of original issue discount and issuance costs 642,579 716,246
CONTENT PAYABLES, net of current portion 4,982 3,402
LONG-TERM LEASE LIABILITIES 23,403 22,377
OTHER LONG-TERM LIABILITIES 24,290 24,995
DEFERRED TAX LIABILITIES, NET 23,440 20,938
Total liabilities 832,457 920,588
COMMITMENTS AND CONTINGENCIES (NOTE 8)
REDEEMABLE NONCONTROLLING INTERESTS 8,364 16,520
STOCKHOLDERS' EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,011,030 1,007,387
Accumulated deficit (725,878) (733,371)
Total stockholders' equity 285,202 274,065
Total liabilities, redeemable noncontrolling interests and stockholders' equity 1,126,023 1,211,173
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 $ 35 $ 34