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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:          
Consolidated net income $ 4,573,000 $ 14,455,000 $ 37,447,000 $ 33,394,000  
Adjustments to reconcile net income to net cash from operating activities:          
Depreciation and amortization     7,391,000 6,925,000  
Amortization of debt financing costs     1,503,000 1,776,000  
Amortization of content assets     30,990,000 30,356,000  
Amortization of launch assets     3,142,000 1,003,000  
Bad debt expense     (63,000) 825,000  
Deferred income taxes     11,511,000 12,366,000  
Amortization of right of use assets     6,589,000 5,760,000  
Non-cash lease liability expense     2,994,000 3,299,000  
Non-cash interest expense     0 158,000  
Impairment of long-lived assets 14,450,000   31,383,000 0  
Stock-based compensation 5,000,000.0 53,000 5,469,000 478,000  
Non-cash fair value adjustment of Employment Agreement Award     2,196,000 2,698,000  
Non-cash income on PPP loan forgiveness     (7,575,000) 0  
(Gain) loss on retirement of debt (1,837,000) 0 (3,692,000) 6,949,000  
Gain on asset exchange agreement     0 404,000  
Effect of change in operating assets and liabilities, net of assets acquired:          
Trade accounts receivable     208,000 (8,574,000)  
Prepaid expenses and other current assets     (2,279,000) (149,000)  
Other assets     (5,197,000) (30,863,000)  
Accounts payable     (270,000) 3,488,000  
Accrued interest     (15,869,000) 2,212,000  
Accrued compensation and related benefits     (2,571,000) (5,641,000)  
Other liabilities     (75,000) 1,975,000  
Payment of launch support     (5,000,000) 0  
Payments for content assets     (44,165,000) (32,575,000)  
Net cash flows provided by operating activities     54,067,000 36,264,000  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of property and equipment     (5,256,000) (4,182,000)  
Proceeds from sale of broadcasting assets     3,080,000 8,000,000  
Acquisition of broadcasting assets     (25,000,000) 0  
Net cash flows (used in) provided by investing activities     (27,176,000) 3,818,000  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from issuance of Class A common stock, net of fees     0 33,277,000  
Proceeds from exercise of stock options     50,000 366,000  
Repurchase of 2028 Notes     (45,527,000) 0  
Payment of dividends to noncontrolling interest members of Reach Media     (1,599,000) (1,000,000)  
Repurchase of common stock     (26,486,000) (944,000)  
Proceeds from 2028 Notes     0 825,000,000  
Proceeds from PPP Loan     0 7,505,000  
Debt refinancing costs     0 (11,157,000)  
Repayment of MGM National Harbor Loan     0 (57,889,000)  
Repayment of 7.375% Notes     0 (2,984,000)  
Repayment of 8.75% Notes     0 (347,016,000)  
Net cash flows used in financing activities     (73,562,000) (2,109,000)  
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (46,671,000) 37,973,000  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period     152,218,000 73,858,000 $ 73,858,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 105,547,000 $ 111,831,000 105,547,000 111,831,000 $ 152,218,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Cash paid for: Interest     61,414,000 45,649,000  
Cash paid for: Income taxes, net of refunds     945,000 782,000  
NON-CASH OPERATING, FINANCING AND INVESTING ACTIVITIES:          
Assets acquired under Audacy asset exchange     0 28,193,000  
Liabilities recognized under asset exchange     1,240,000 2,669,000  
Right of use asset and lease liability additions     1,487,000 5,708,000  
Non-cash launch additions     13,750,000 0  
Non-cash content asset additions     21,171,000 0  
Adjustment of redeemable noncontrolling interests to estimated redemption value     2,717,000 3,671,000  
2018 Credit Facility.          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayment of credit facility     0 (129,935,000)  
2017 Credit Facility.          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayment of credit facility     $ 0 $ (317,332,000)