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REVENUE (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table shows revenue streams for the Company:
(In thousands)Multiplatform GroupDigital Audio GroupAudio and Media Services GroupEliminationsConsolidated
Year Ended December 31, 2023
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,752,166 $— $— $— $1,752,166 
  Networks(2)
466,404 — — — 466,404 
  Sponsorship and Events(3)
191,434 — — — 191,434 
  Digital, excluding Podcast(4)
— 661,319 — (4,800)656,519 
  Podcast(5)
— 407,848 — — 407,848 
  Audio & Media Services(6)
— — 256,702 (5,412)251,290 
  Other(7)
23,351 — — — 23,351 
     Total2,433,355 1,069,167 256,702 (10,212)3,749,012 
Revenue from leases(8)
2,013 — — — 2,013 
Revenue, total$2,435,368 $1,069,167 $256,702 $(10,212)$3,751,025 
Year Ended December 31, 2022
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,883,324 $— $— $— $1,883,324 
  Networks(2)
503,244 — — — 503,244 
  Sponsorship and Events(3)
188,985 — — — 188,985 
  Digital, excluding Podcast(4)
— 663,392 — (5,238)658,154 
  Podcast(5)
— 358,432 — — 358,432 
  Audio & Media Services(6)
— — 304,302 (5,348)298,954 
  Other(7)
20,249 — — (447)19,802 
     Total2,595,802 1,021,824 304,302 (11,033)3,910,895 
Revenue from leases(8)
1,388 — — — 1,388 
Revenue, total$2,597,190 $1,021,824 $304,302 $(11,033)$3,912,283 
Year Ended December 31, 2021
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,807,985 $— $— $— $1,807,985 
  Networks(2)
503,052 — — — 503,052 
  Sponsorship and Events(3)
160,322 — — — 160,322 
  Digital, excluding Podcast(4)
— 581,918 — (5,845)576,073 
  Podcast(5)
— 252,564 — — 252,564 
  Audio & Media Services(6)
— — 247,957 (6,602)241,355 
  Other(7)
16,225 — — (670)15,555 
     Total2,487,584 834,482 247,957 (13,117)3,556,906 
Revenue from leases(8)
1,434 — — — 1,434 
Revenue, total$2,489,018 $834,482 $247,957 $(13,117)$3,558,340 

(1)Broadcast Radio revenue is generated through the sale of advertising time on the Company’s domestic radio stations.
(2)Networks revenue is generated through the sale of advertising on the Company’s Premiere and Total Traffic & Weather network programs and through the syndication of network programming to other media companies.
(3)Sponsorship and events revenue is generated through local events and major nationally-recognized tent pole events and include sponsorship and other advertising revenue, ticket sales, and licensing, as well as endorsement and appearance fees generated by on-air talent.
(4)Digital, excluding Podcast revenue is generated through the sale of streaming and display advertisements on digital platforms and through subscriptions to iHeartRadio streaming services.
(5)Podcast revenue is generated through the sale of advertising on the Company's podcast network.
(6)Audio and media services revenue is generated by services provided to broadcast industry participants through the Company’s Katz Media and RCS businesses. As a media representation firm, Katz Media generates revenue via commissions on media sold on behalf of the radio and television stations that it represents, while RCS generates revenue by providing broadcast software and media streaming, along with research services for radio stations, broadcast television stations, cable channels, record labels, ad agencies and Internet stations worldwide.
(7)Other revenue represents fees earned for miscellaneous services, including on-site promotions, activations, and local marketing agreements.
(8)Revenue from leases is primarily generated by the lease of towers to other media companies, which are all categorized as operating leases.
Schedule of Barter and Trade Revenues and Expenses Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows:
Year Ended December 31,
(In thousands)202320222021
Consolidated:
  Trade and barter revenues$255,603 $188,357 $159,243 
  Trade and barter expenses234,984 188,161 149,846 
Schedule of Changes in Contract Assets and Liabilities
The following tables show the Company’s deferred revenue balance from contracts with customers:
Year Ended December 31,
(In thousands)202320222021
Deferred revenue from contracts with customers:
  Beginning balance(1)
$157,910 $161,114 $145,493 
    Revenue recognized, included in beginning balance(112,224)(117,947)(93,195)
    Additions, net of revenue recognized during period, and other136,213114,743108,816
  Ending balance$181,899 $157,910 $161,114 
(1)Deferred revenue from contracts with customers, which excludes other sources of deferred revenue that are not related to contracts with customers, is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized.
Schedule of Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity
As of December 31, 2023, the future lease payments to be received by the Company are as follows:
(In thousands)
2024$232 
2025132 
202672 
202730 
202815 
Thereafter— 
  Total minimum future rentals$481