NET REVENUES (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

The following tables show the sources of the Company’s net revenues by contract type and segment for the three and six months ended June 30, 2024 and 2023:


(In thousands)	Radio Broadcasting		Reach Media		Digital		Cable Television		All Other - Corporate/Eliminations		Consolidated
Three Months Ended June 30, 2024

Radio Advertising	$	37,235	$	8,845	$	—	$	—	$	(659)	$	45,421
Political Advertising	1,344		450		358		—		—		2,152
Digital Advertising	—		—		15,529		—		—		15,529
Cable Television Advertising	—		—		—		22,170		—		22,170
Cable Television Affiliate Fees	—		—		—		19,315		—		19,315
Event Revenues & Other	3,420		9,634		—		12		91		13,157
Net Revenues	$	41,999	$	18,929	$	15,887	$	41,497	$	(568)	$	117,744

Three Months Ended June 30, 2023

Radio Advertising	$	36,925	$	9,325	$	—	$	—	$	(1,115)	$	45,135
Political Advertising	363		—		47		—		—		410
Digital Advertising	—		—		18,861		—		—		18,861
Cable Television Advertising	—		—		—		30,247		—		30,247
Cable Television Affiliate Fees	—		—		—		22,184		—		22,184
Event Revenues & Other	1,908		10,727		—		(1)		181		12,815
Net Revenues	$	39,196	$	20,052	$	18,908	$	52,430	$	(934)	$	129,652


(In thousands)	Radio Broadcasting		Reach Media		Digital		Cable Television		All Other - Corporate/Eliminations		Consolidated
Six Months Ended June 30, 2024

Radio Advertising	$	70,988	$	17,226	$	—	$	—	$	(1,453)	$	86,761
Political Advertising	2,511		498		379		—		—		3,388
Digital Advertising	—		—		29,475		—		—		29,475
Cable Television Advertising	—		—		—		47,535		—		47,535
Cable Television Affiliate Fees	—		—		—		40,103		—		40,103
Event Revenues & Other	4,851		9,677		—		85		279		14,892
Net Revenues	$	78,350	$	27,401	$	29,854	$	87,723	$	(1,174)	$	222,154

Six Months Ended June 30, 2023

Radio Advertising	$	70,765	$	19,613	$	—	$	—	$	(2,136)	$	88,242
Political Advertising	610		—		48		—		—		658
Digital Advertising	—		—		33,932		—		—		33,932
Cable Television Advertising	—		—		—		56,069		—		56,069
Cable Television Affiliate Fees	—		—		—		46,020		—		46,020
Event Revenues & Other	3,001		11,355		(1)		19		226		14,600
Net Revenues	$	74,376	$	30,968	$	33,979	$	102,108	$	(1,910)	$	239,521

Schedule of contract assets

Contract assets and contract liabilities that are not separately stated in the Company’s condensed consolidated balance sheets as of June 30, 2024, and December 31, 2023 were as follows:


	June 30, 2024		December 31, 2023

	(In thousands)
Contract assets:
Unbilled receivables	$	4,706	$	5,437
Contract liabilities:
Customer advances and unearned income	$	4,137	$	4,851
Reserve for audience deficiency	18,608		12,779
Unearned event income	338		4,864