GOODWILL AND RADIO BROADCASTING LICENSES (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets

The following table presents the changes in the Company’s radio broadcasting licenses carrying value during the six months ended June 30, 2024.

	(In thousands)
Balance as of January 1, 2024	$	375,296
Impairment charges	(80,758)
Balance as of June 30, 2024	$	294,538

Schedule of Estimate the Fair Value of the Broadcasting Licenses

Below are the key assumptions used in the income approach model for estimating the fair value of the broadcasting licenses for the 13 radio markets in the most recent interim impairment assessment performed as of June 30, 2024.

Radio Broadcasting Licenses	June 30, 2024
Discount Rate	10.0%
Revenue Growth Rate Range	(3.2)% - 0.2%
Terminal Growth Rate	(0.5)%
Mature Market Share Range	1.0% - 28.5%
Operating Profit Margin Range	2.5% - 30.0%