XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
NET REVENUES $ 117,744 $ 129,652 $ 222,154 $ 239,521
OPERATING EXPENSES:        
Programming and technical, including stock-based compensation of $7, $7, $14 and $70, respectively 33,263 32,554 65,929 66,471
Selling, general and administrative, including stock-based compensation of $156, $154, $319 and $313, respectively 50,448 49,931 90,348 86,805
Corporate selling, general and administrative, including stock-based compensation of $916, $2,160, $2,130 and $5,215, respectively 10,703 13,545 27,809 25,130
Depreciation and amortization 2,993 1,886 4,843 4,483
Impairment of goodwill, intangible assets, and long-lived assets 80,758 22,081 80,758 38,856
Total operating expenses 178,165 119,997 269,687 221,745
Operating (loss) income (60,421) 9,655 (47,533) 17,776
INTEREST INCOME 1,777 1,898 3,775 2,232
INTEREST EXPENSE 12,404 13,972 25,402 28,040
GAIN ON RETIREMENT OF DEBT 7,425 0 15,299 2,356
OTHER INCOME, NET 14 96,773 900 96,460
(Loss) income from consolidated operations before (benefit from) provision for income taxes (63,609) 94,354 (52,961) 90,784
(BENEFIT FROM) PROVISION FOR INCOME TAXES (18,512) 23,197 (16,010) 22,037
NET (LOSS) INCOME FROM CONSOLIDATED OPERATIONS (45,097) 71,157 (36,951) 68,747
LOSS FROM UNCONSOLIDATED JOINT VENTURE 0 0 (411) 0
NET (LOSS) INCOME (45,097) 71,157 (37,362) 68,747
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 334 791 576 1,303
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (45,431) $ 70,366 $ (37,938) $ 67,444
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS (per share)        
Basic (USD per share) $ (0.94) $ 1.48 $ (0.78) $ 1.42
Diluted (USD per share) $ (0.94) $ 1.39 $ (0.78) $ 1.34
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic (shares) 48,483,639 47,629,163 48,434,513 47,514,722
Diluted (shares) 48,483,639 50,616,435 48,434,513 50,373,714