INTANGIBLE ASSETS AND GOODWILL (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Broadcasting License

The following table presents the changes in the carrying value of broadcasting licenses. Refer to Note 2, Business Combinations, and Note 14, Assets Held For Sale, for additional information.

Broadcast Licenses Carrying Amount	September 30, 2023		December 31, 2022
	(amounts in thousands)
Broadcasting licenses balance as of January 1,	$	2,089,226	$	2,251,546
Disposition of radio stations (See Note 2)	(4,956)		(4,377)
Acquisitions (See Note 2)	—		2,002
Loss on impairment	(390,600)		(159,089)
Assets held for sale (See Note 14)	—		(856)
Ending period balance	$	1,693,670	$	2,089,226

Schedule of Changes in Goodwill

The following table presents the changes in goodwill. Refer to Note 2, Business Combinations, for additional information.

Goodwill Carrying Amount	September 30, 2023		December 31, 2022
	(amounts in thousands)
Goodwill balance before cumulative loss on impairment as of January 1,	$	1,062,588	$	1,062,723
Accumulated loss on impairment as of January 1,	(998,673)		(980,547)
Goodwill beginning balance after cumulative loss on impairment as of January 1,	63,915		82,176
Loss on impairment	—		(18,126)
Measurement period adjustments to acquired goodwill	—		(135)
Ending period balance	$	63,915	$	63,915

Schedule of Assumptions and Estimates for Broadcasting Licenses Impairment Testing

The following table reflects the estimates and assumptions used in the interim and annual broadcasting licenses impairment assessments of each year.

Estimates and Assumptions	Third Quarter 2023		Second Quarter 2023		Fourth Quarter 2022
Discount rate	10.0	%	9.5	%	9.5	%
Operating profit margin ranges for average stations in markets where the Company operates	18% to 32%		18% to 32%		18% to 33%
Forecasted growth rate range of the Company's markets	-2.0% to 0%		0	%	0% to 0.6%

Schedule of Assumptions and Estimates for Goodwill Impairment Testing

The following table reflects the estimates and assumptions used in the interim and annual goodwill impairment assessments.

Estimates and Assumptions	Third Quarter 2023		Second Quarter 2023		Fourth Quarter 2022
Discount rate - podcast reporting unit	11.5	%	11.5	%	11.0	%