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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 115,084 $ 137,090
Restricted cash 484 484
Trade accounts receivable, net of allowance for expected credit losses of $3,839 and $4,553, respectively 94,144 113,847
Prepaid expenses 9,971 8,156
Current portion of content assets 36,538 36,861
Other current assets 7,375 8,941
Total current assets 263,596 305,379
CONTENT ASSETS, NET 85,044 86,868
PROPERTY AND EQUIPMENT, NET 28,649 27,822
GOODWILL 196,425 196,425
RIGHT OF USE ASSETS, NET 30,847 31,055
RADIO BROADCASTING LICENSES 251,316  
OTHER INTANGIBLE ASSETS, NET 26,266 30,860
OTHER ASSETS 8,408 8,622
Total assets 890,551 944,790
CURRENT LIABILITIES:    
Accounts payable 17,869 19,945
Accrued interest 6,903 18,028
Accrued compensation and related benefits 8,492 11,899
Reserve for audience deficiency 19,467 22,383
Current portion of content payables 11,914 14,233
Current portion of lease liabilities 6,181 7,428
Other current liabilities 18,211 20,386
Total current liabilities 89,037 114,302
LONG-TERM DEBT, net of original issue discount and issuance costs 551,494 579,069
CONTENT PAYABLES, net of current portion 5,330 6,020
LONG-TERM LEASE LIABILITIES 26,138 24,373
OTHER LONG-TERM LIABILITIES 10,743 12,788
DEFERRED TAX LIABILITIES, NET 44,853 29,305
Total liabilities 727,595 765,857
COMMITMENTS AND CONTINGENCIES (NOTE 14)
REDEEMABLE NON-CONTROLLING INTERESTS 3,718 7,988
STOCKHOLDERS’ EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2025 and December 31, 2024 0 0
Treasury stock, value (1,345) (1,345)
Additional paid-in capital 1,011,042 1,011,007
Accumulated deficit (850,507) (838,765)
Total stockholders’ equity 159,238 170,945
Total liabilities, redeemable non-controlling interests, and stockholders’ equity 890,551 944,790
Common Stock Class A    
STOCKHOLDERS’ EQUITY:    
Common stock 8 8
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 $ 35