PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

12. PROPERTY AND EQUIPMENT

Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the related estimated useful lives. Property and equipment consist of the following:

	As of December 31,				Estimated Useful Lives
	2024		2023
	(in thousands)
Land and improvements	$	3,592	$	3,375	—
Buildings	3,247		3,243		31 years
Transmitters and tower equipment	17,777		17,212		7‑31 years
Equipment	11,513		10,204		3‑7 years
Furniture and fixtures	1,197		897		6 years
Software and web development	7,468		5,629		3 years
Leasehold improvements	8,243		9,841		Lesser of useful life or lease term
Construction-in-progress	760		14		—
	53,797		50,415
Less: accumulated depreciation	(25,975)		(21,754)
Property and equipment, net	$	27,822	$	28,661

Depreciation expense for the years ended December 31, 2024, and 2023 was approximately $7.5 million and $6.0 million, respectively. Repairs and maintenance costs are expensed as incurred.