Nature of Business, Interim Financial Data and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Assets Held-for-sale

The major categories of these assets held for sale are as follows (dollars in thousands):

	June 30, 2019								December 31, 2018
	WABC Sale		Meruelo Sale		DC Land		Total		DC Land
Property and equipment, net	$	7,054	$	516	$	80,000	$	87,570	$	80,000
Broadcast licenses	5,738		29,205		—		34,943		—
Other intangibles, net	374		566		—		940		—
	$	13,166	$	30,287	$	80,000	$	123,453	$	80,000

Condensed Cash Flow Statement

The following summarizes supplemental cash flow information to be read in conjunction with the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2019 (Successor Company) and Periods from January 1, 2018 through June 3, 2018 (Predecessor Company), and June 4, 2018 through June 30, 2018 (Successor Company):

	Successor Company				Predecessor Company
	Six Months Ended June 30,		Period from June 4, 2018 through June 30,		Period from January 1, 2018 through June 3,
	2019		2018		2018
Supplemental disclosures of cash flow information:
Interest paid	$	41,978	$	5,878	$	—
Income taxes paid	14,134		2,847		1,992
Supplemental disclosures of non-cash flow information:
Trade revenue	$	23,980	$	3,297	$	18,973
Trade expense	22,008		3,246		17,964
Transfer of deposit from escrow - WKQX acquisition	—		4,750		—
Supplemental disclosures of non-cash reorganization items impact on changes in assets and liabilities:
Accounts receivable	$	—	$	—	$	(11	)
Prepaid expenses and other current assets	—		—		21,077
Property and equipment	—		—		(121,732		)
Other intangible assets, goodwill and other assets	—		—		283,217
Accounts payable, accrued expenses and other liabilities	—		—		(36,415		)
Cancellation of 7.75% Senior Notes	—		—		(610,000		)
Cancellation of Predecessor Company Term Loan	—		—		(1,684,407		)
Issuance of Successor Company Term Loan	—		—		1,300,000
Cancellation of Predecessor Company stockholders' equity	—		—		649,620
Issuance of Successor Company stockholders' equity	—		—		(325,000		)
Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheet:
Cash and cash equivalents	$	20,500	$	37,444	$	50,046
Restricted cash	2,466		29,226		38,305
Total cash and cash equivalents and restricted cash	$	22,966	$	66,670	$	88,351