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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 131,890 $ 233,090
Restricted cash 482 480
Trade accounts receivable, net of allowance for expected credit losses of $8,465 and $8,638, respectively 122,603 133,194
Prepaid expenses 7,078 9,504
Current portion of content assets 35,850 29,748
Other current assets 10,779 15,950
Total current assets 308,682 421,966
CONTENT ASSETS, NET 82,523 82,448
PROPERTY AND EQUIPMENT, NET 28,414 28,661
GOODWILL 216,599 216,599
RIGHT OF USE ASSETS, NET 33,461 31,649
RADIO BROADCASTING LICENSES 294,538 375,296
OTHER INTANGIBLE ASSETS, NET 46,525 49,104
OTHER ASSETS 8,883 5,450
Total assets 1,019,625 1,211,173
CURRENT LIABILITIES:    
Accounts payable 18,756 20,000
Accrued interest 18,966 22,342
Accrued compensation and related benefits 10,340 14,420
Current portion of content payables 16,599 22,389
Current portion of lease liabilities 10,512 10,648
Other current liabilities 36,467 42,831
Total current liabilities 111,640 132,630
LONG-TERM DEBT, net of original issue discount and issuance costs 607,865 716,246
CONTENT PAYABLES, net of current portion 3,744 3,402
LONG-TERM LEASE LIABILITIES 24,184 22,377
OTHER LONG-TERM LIABILITIES 18,818 24,995
DEFERRED TAX LIABILITIES, NET 4,928 20,938
Total liabilities 771,179 920,588
COMMITMENTS AND CONTINGENCIES (NOTE 18)
REDEEMABLE NON-CONTROLLING INTERESTS 9,071 16,520
STOCKHOLDERS’ EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at June 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,010,635 1,007,387
Accumulated deficit (771,309) (733,371)
Total stockholders’ equity 239,375 274,065
Total liabilities, redeemable non-controlling interests and stockholders’ equity 1,019,625 1,211,173
Common Stock Class A    
STOCKHOLDERS’ EQUITY:    
Common stock 9 10
Common Stock Class B    
STOCKHOLDERS’ EQUITY:    
Common stock 3 3
Common Stock Class C    
STOCKHOLDERS’ EQUITY:    
Common stock 2 2
Common Stock Class D    
STOCKHOLDERS’ EQUITY:    
Common stock $ 35 $ 34