SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of segment reporting information

Detailed segment data for the three months ended March 31, 2025 and 2024 is presented in the following table:

	Three Months Ended March 31, 2025
	(in thousands)
	Radio Broadcasting		Reach Media		Digital		Cable Television
NET REVENUE	$	32,610	$	5,853	$	10,212	$	44,193
OPERATING EXPENSES:
Programming and technical	11,293		3,368		3,187		12,909
Sales and marketing	11,546		2,125		6,787		9,096
General and administrative	7,050		1,026		184		3,595
Other segment income (expenses)	127		115		4		(1)
Segment Adjusted EBITDA	$	2,848	$	(551)	$	58	$	18,592

	Three Months Ended March 31, 2024
	(in thousands)
	Radio Broadcasting		Reach Media		Digital (1)		Cable Television (1)
STATEMENT OF OPERATIONS:
NET REVENUE	$	36,351	$	8,472	$	12,189	$	48,004
OPERATING EXPENSES:
Programming and technical	11,329		3,482		3,502		14,600
Sales and marketing (2)	11,394		2,181		5,704		10,139
General and administrative (2)	8,066		970		636		3,964
Other segment income (expenses)	72		(9)		—		—
Segment Adjusted EBITDA	$	5,634	$	1,830	$	2,347	$	19,301

(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.

(2) Effective January 1, 2025, prior period segment information has been recast between the Sales and marketing and the General and administrative in this Quarterly Report on Form 10-Q across the four segments to conform the presentation of significant segment expenses used to evaluate segment performance by the CODM.

	Three Months Ended March 31,
	2025		2024
	(in thousands)
Segment Adjusted EBITDA to income from consolidated operations before provision for income taxes reconciliation
Segment Adjusted EBITDA	$	20,947	$	29,112
Corporate/Eliminations/Other	(8,090)		(6,855)
Corporate Development Costs	747		5,359
Severance-related costs	219		64
Loss from ceased non-core business initiatives	359		712
Stock-based compensation	676		1,384
Depreciation and amortization	2,315		1,850
Impairment of intangible assets	6,443		—
Interest and investment income	(966)		(1,998)
Interest expense	10,924		12,998
Gain on retirement of debt	(11,587)		(7,874)
Other income, net	(192)		(886)
Income from consolidated operations before provision for income taxes	$	3,919	$	10,648

	Three Months Ended March 31,
	2025		2024
	(In thousands)
Capital expenditures:
Radio Broadcasting	$	2,135	$	1,084
Reach Media	—		10
Digital	284		447
Cable Television	—		69
All other - corporate/eliminations	128		204
Consolidated	$	2,547	$	1,814