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Segment Data (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The Company’s financial data by segment is presented in the tables below (in thousands):
 
 
Three Months Ended June 30, 2019 (Successor Company)
 
 
Cumulus Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
193,162

 
$
85,764

 
$
747

 
$
279,673

 
 
Period from June 4, 2018 through June 30, 2018
(Successor Company)
 
 
Cumulus Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
68,357

 
$
26,356

 
$
291

 
$
95,004


 
 
Period from April 1, 2018 through June 3, 2018
 (Predecessor Company)
 
 
Cumulus Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
135,093

 
$
54,924

 
$
228

 
$
190,245

 
 
Six Months Ended June 30, 2019 (Successor Company)
 
 
Cumulus Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
359,703

 
$
186,123

 
$
1,343

 
$
547,169

 
 
Period from June 4, 2018 through June 30, 2018
(Successor Company)
 
 
Cumulus Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
68,357

 
$
26,356

 
$
291

 
$
95,004

 
 
Period from January 1, 2018 through June 3, 2018
 (Predecessor Company)
 
 
Cumulus Radio Station Group
 
Westwood One
 
Corporate and Other
 
Consolidated
Net revenue
 
$
303,317

 
$
149,715

 
$
892

 
$
453,924





 
Successor Company
 
 
Predecessor Company
 
Three Months Ended June 30,
 
Period from June 4, 2018 through June 30,
 
 
Period from April 1, 2018 through June 3,
 
2019
 
2018
 
 
2018
Adjusted EBITDA by segment
 
 
 
 
 
 
     Cumulus Radio Station Group
$
52,222

 
$
20,860

 
 
$
39,824

     Westwood One
17,866

 
7,690

 
 
6,554

Segment Adjusted EBITDA
70,088

 
28,550

 
 
46,378

Adjustments to reconcile to GAAP measure
 
 
 
 
 
 
     Corporate and other expense
(8,269
)
 
(2,435
)
 
 
(6,137
)
     Income tax (expense) benefit
(17,026
)
 
(2,606
)
 
 
176,741

     Non-operating expense, including net interest expense
(21,217
)
 
(6,152
)
 
 
(387
)
     Local marketing agreement fees
(438
)
 
(358
)
 
 
(702
)
     Depreciation and amortization
(13,545
)
 
(4,379
)
 
 
(10,065
)
     Stock-based compensation expense
(1,106
)
 
(652
)
 
 
(65
)
     Gain (loss) on sale or disposal of assets or stations
47,750

 
—

 
 
(147
)
     Reorganization items, net
—

 
—

 
 
496,368

     Restructuring costs
(13,024
)
 
(6,941
)
 
 
(734
)
     Franchise and state taxes
(352
)
 
(47
)
 
 
(93
)
Consolidated GAAP net income
$
42,861

 
$
4,980

 
 
$
701,157


 
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
Adjusted EBITDA by segment
 
 
 
 
 
 
     Cumulus Radio Station Group
$
86,613

 
$
20,860

 
 
$
76,009

     Westwood One
33,816

 
7,690

 
 
19,210

Segment Adjusted EBITDA
120,429

 
28,550

 
 
95,219

Adjustments to reconcile to GAAP measure
 
 
 
 
 
 
     Corporate and other expense
(16,806
)
 
(2,435
)
 
 
(14,707
)
     Income tax (expense) benefit
(16,841
)
 
(2,606
)
 
 
176,859

     Non-operating expense, including net interest expense
(43,397
)
 
(6,152
)
 
 
(483
)
     Local marketing agreement fees
(1,481
)
 
(358
)
 
 
(1,809
)
     Depreciation and amortization
(28,135
)
 
(4,379
)
 
 
(22,046
)
     Stock-based compensation expense
(2,314
)
 
(652
)
 
 
(231
)
     Gain (loss) on sale or disposal of assets or stations
47,724

 
—

 
 
(158
)
     Reorganization items, net
—

 
—

 
 
466,201

     Gain on early extinguishment of debt
381

 
—

 
 
—

     Restructuring costs
(15,801
)
 
(6,941
)
 
 
(2,455
)
     Franchise and state taxes
(447
)
 
(47
)
 
 
(234
)
Consolidated GAAP net income
$
43,312

 
$
4,980

 
 
$
696,156