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NET REVENUE (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of net revenues
The following tables show the sources of the Company’s net revenue by contract type and segment for the three months ended March 31, 2025 and 2024:
(In thousands)Radio
Broadcasting
Reach
Media
Digital(1)
Cable
Television(1)
All Other - Corporate/EliminationsConsolidated
Three Months Ended March 31, 2025
Radio advertising$31,050$5,800$$$(633)$36,217
Political advertising1491150
Digital advertising10,21110,211
Cable Television advertising25,42525,425
Cable Television affiliate fees18,71718,717
Event revenues & other1,41153511,515
Net revenue$32,610$5,853$10,212$44,193$(633)$92,235
Three Months Ended March 31, 2024
Radio advertising$33,754$8,382$$$(795)$41,341
Political advertising1,16748221,237
Digital advertising(1)
12,16712,167
Cable Television advertising(1)
27,14427,144
Cable Television affiliate fees20,78720,787
Event revenues & other1,43042731891,734
Net revenue$36,351$8,472$12,189$48,004$(606)$104,410
(1) Effective January 1, 2025, segment information for the prior periods has been recast in this Quarterly Report on Form 10-Q to include reclassification of a portion of revenues from our CTV offering from the Digital segment to the Cable Television segment.
Schedule of contract assets
Contract assets and contract liabilities that are not separately stated in the Company’s condensed consolidated balance sheets as of March 31, 2025, and December 31, 2024 were as follows:
March 31, 2025December 31, 2024
(In thousands)
Contract assets:
Unbilled receivables$4,051 $5,969 
Total barter receivables1,959 2,101 
Contract liabilities:
Customer advances and unearned income$2,499 $2,200 
Reserve for audience deficiency19,467 22,383 
Unearned event income2,292 1,152 
Total deferred barter revenue1,959 2,101