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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
NET REVENUES $ 298,513 $ 319,439 $ 558,148 $ 594,734
OPERATING EXPENSE:        
Station operating expenses 266,120 260,143 500,048 486,905
Depreciation and amortization expense 17,575 15,571 35,017 29,110
Corporate general and administrative expenses 25,880 25,703 51,179 51,614
Restructuring charges 8,511 1,016 10,932 1,902
Impairment loss 125,355 1,770 130,405 3,291
Net gain on sale or disposal (9,876) (105) (22,280) (2,563)
Change in fair value of contingent consideration 0 (7,987) 0 (7,704)
Other expenses 243 52 353 402
Total operating expense 433,808 296,163 705,654 562,957
OPERATING INCOME (LOSS) (135,295) 23,276 (147,506) 31,777
NET INTEREST EXPENSE 34,548 24,529 66,929 48,000
Other income 0 (238) 0 (238)
OTHER (INCOME) EXPENSE 0 (238) 0 (238)
(LOSS) BEFORE TAXES (BENEFIT) (169,843) (1,015) (214,435) (15,985)
TAX (BENEFIT) EXPENSE (44,041) (242) (52,730) (4,139)
Net loss $ (125,802) $ (773) $ (161,705) $ (11,846)
NET LOSS PER SHARE - BASIC (in dollars per share) $ (26.64) $ (0.17) $ (34.24) $ (2.57)
NET LOSS PER SHARE - DILUTED (in dollars per share) $ (26.64) $ (0.17) $ (34.24) $ (2.57)
WEIGHTED AVERAGE SHARES:        
Basic (in shares) 4,723,023 4,615,396 4,723,023 4,614,364
Diluted (in shares) 4,723,023 4,615,396 4,723,023 4,614,364