Revenues

Revenue Recognition

Revenues are recognized when control of the promised goods or services are transferred to the customer, in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services.

The following table presents revenues disaggregated by revenue source (dollars in thousands):



	Successor Company				Predecessor Company
	Three Months Ended June 30, 2019		Period from June 4, 2018 through June 30, 2018		Period from April 1, 2018 through June 3, 2018
Cumulus Radio Station Group
Advertising revenues (broadcast, digital, non-traditional revenue (“NTR”) and trade)	$	192,163	$	67,958	$	134,477
Non-advertising revenues (tower rental and other)	999		399		616
Total Cumulus Radio Station Group revenue	$	193,162	$	68,357	$	135,093

Westwood One
Advertising revenues (broadcast, digital and trade)	$	82,667	$	24,986	$	52,684
Non-advertising revenues (license fees and other)	3,097		1,370		2,240
Total Westwood One revenue	$	85,764	$	26,356	$	54,924

Other (1)	$	747	$	291	$	228
Total Revenue	$	279,673	$	95,004	$	190,245



	Successor Company				Predecessor Company
	Six Months Ended June 30, 2019		Period from June 4, 2018 through June 30, 2018		Period from January 1, 2018 through June 3, 2018
Cumulus Radio Station Group
Advertising revenues (broadcast, digital, non-traditional revenue (“NTR”) and trade)	$	357,859	$	67,958	$	301,804
Non-advertising revenues (tower rental and other)	1,844		399		1,513
Total Cumulus Radio Station Group revenue	$	359,703	$	68,357	$	303,317

Westwood One
Advertising revenues (broadcast, digital and trade)	$	178,975	$	24,986	$	143,215
Non-advertising revenues (license fees and other)	7,148		1,370		6,500
Total Westwood One revenue	$	186,123	$	26,356	$	149,715

Other (1)	$	1,343	$	291	$	892
Total Revenue	$	547,169	$	95,004	$	453,924

(1) Other is comprised of revenue from certain digital commerce and broadcast software sales and services.

Trade and Barter Transactions

The Company provides advertising time in exchange for goods or services such as products, supplies, or services. Trade revenue totaled $10.7 million and $24.0 million for the three and six months ended June 30, 2019 (Successor Company). Trade revenue totaled $3.3 million, $7.7 million and $19.0 million for the period from June 4, 2018 through June 30, 2018 (Successor Company), April 1, 2018 through June 3, 2018 (Predecessor Company) and January 1, 2018 through June 3, 2018 (Predecessor Company), respectively.

Contract Costs

The Company capitalizes certain incremental costs of obtaining contracts with customers which it expects to recover. For contracts with a client whose customer life covers a year or less, the Company uses the practical expedient that allows expensing commissions as they are incurred. For contracts where the new and renewal commission rates are commensurate, management uses the contract life for the amortization period. As such, the Company will continue to expense commissions as incurred for the revenue streams where the new and renewal commission rates are commensurate and the contract life is less than one year. These costs are recorded within Selling, general and administrative expenses. The Company does not apply the practical expedient option to new local revenue contracts, because the commission rates for new and renewal contracts is not commensurate and the customer life is typically in excess of one year. As of June 30, 2019, and December 31, 2018, the Company recorded assets of approximately $7.2 million and $6.5 million related to the unamortized portion of commission expense on new local revenue.

Remaining Performance Obligations

The Company has contracts with customers which the Company believes will produce revenue beyond one year. From these contracts, the Company estimates it will recognize approximately $14.4 million of revenue.