GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents the changes in the Company's goodwill carrying values for its four reportable segments during 2025:

	Radio Broadcasting		Reach Media		iOne (1)		TV One (1)		Total
	(in thousands)
As of December 31, 2024
Gross goodwill	$	154,967	$	30,468	$	27,567	$	165,044	$	378,046
Accumulated impairment losses	(124,988)		(16,114)		(20,345)		(20,174)		(181,621)
Net goodwill at December 31, 2024	$	29,979	$	14,354	$	7,222	$	144,870	$	196,425
Intersegment transfers (out) in (1)	—		—		(655)		655		—
As of March 31, 2025
Gross goodwill	$	154,967	$	30,468	$	26,912	$	165,699	$	378,046
Accumulated impairment losses	(124,988)		(16,114)		(20,345)		(20,174)		(181,621)
Net goodwill at March 31, 2025	$	29,979	$	14,354	$	6,567	$	145,525	$	196,425

(1) Includes the allocation of goodwill relating to the reclassification of the portion of the Company's CTV offering previously within the iONE reportable segment to our TV One reportable segment. See Note 13 - Segment Information for information on this segment reclassification.

Schedule of Impaired Intangible Assets

The following table presents the changes in the Company’s radio broadcasting licenses carrying value during the three months ended March 31, 2025.

	(In thousands)
Balance as of January 1, 2025	$	257,759
Impairment charges	(6,443)
Balance as of March 31, 2025	$	251,316

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 five radio markets in the most recent interim impairment assessment performed as of March 31, 2025.

Radio Broadcasting Licenses	March 31, 2025
Discount rate	9.5% - 10.0%
Revenue growth rate range	(1.9)% - 1.0%
Terminal growth rate	(0.5)%
Mature market share range	0.8% - 30.0%
Operating profit margin range	2.8% - 30.0%

Schedule of Future Amortization Expense

Future estimated amortization expense related to the TV One Trade Name for the years 2025 through 2030 and thereafter is as follows:

	(In thousands)
Remainder of 2025	$	1,900
2026	2,407
2027	2,280
2028	2,153
2029	2,027
2030	1,900
Thereafter	13,300