QUARTERLY FINANCIAL DATA (UNAUDITED AND RESTATED)

12 Months Ended

Dec. 31, 2022

QUARTERLY FINANCIAL DATA (UNAUDITED AND RESTATED)

QUARTERLY FINANCIAL DATA (UNAUDITED AND RESTATED)

17. QUARTERLY FINANCIAL DATA (UNAUDITED AND RESTATED):

The Company is providing restated quarterly and year-to-date unaudited consolidated financial statements for all quarters in 2021 and for the quarters ended March 31, June 30, and September 30, 2022. See Note 2 - Restatement of Financial Statements of our consolidated financial statements for further background concerning the events preceding the restatement of financial information in this Form 10-K.

Consolidated Balance Sheets

	As of March 31, 2022 (unaudited)								As of June 30, 2022 (unaudited)								As of September 30, 2022 (unaudited)
	As Previously				Other				As Previously				Other				As Previously				Other
	Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated
	(In thousands)
ASSETS
CURRENT ASSETS:
Trade accounts receivable, net of allowance for doubtful accounts of $8,747, $8,314, and $7,925, respectively	$	113,687	$	—	$	425	$	114,112	$	123,998	$	—	$	352	$	124,350	$	127,301	$	—	$	365	$	127,666
Other current assets		8,397		—		(1,263)		7,134		8,037		—		(1,263)		6,774		8,939		—		(1,263)		7,676
Total current assets		326,143		—		(838)		325,305		311,061		—		(911)		310,150		287,088		—		(898)		286,190
RIGHT OF USE ASSETS		36,302		—		(101)		36,201		34,149		—		(114)		34,035		34,258		—		(127)		34,131
RADIO BROADCASTING LICENSES		505,148		—		(3,728)		501,420		489,340		—		(1,700)		487,640		498,532		—		(2,700)		495,832
OTHER INTANGIBLE ASSETS, net		63,727		—		(2,163)		61,564		61,508		—		(2,086)		59,422		59,376		—		(2,009)		57,367
DEBT SECURITIES - available-for-sale, at fair value; amortized cost of $40,000		—		123,000		—		123,000		—		123,100		—		123,100		—		115,600		—		115,600
OTHER ASSETS		44,026		(40,000)		2,259		6,285		44,463		(40,000)		2,195		6,658		44,303		(40,000)		2,131		6,434
Total assets	$	1,284,635	$	83,000	$	(4,571)	$	1,363,064	$	1,254,764	$	83,100	$	(2,616)	$	1,335,248	$	1,250,696	$	75,600	$	(3,603)	$	1,322,693
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	11,997	$	—	$	2,309	$	14,306	$	14,819	$	—		2,115	$	16,934	$	14,318	$	—		1,958	$	16,276
Other current liabilities		35,660		—		(1,884)		33,776		31,345		—		(1,763)		29,582		40,217		—		(1,593)		38,624
Total current liabilities		99,737		—		425		100,162		109,645		—		352		109,997		112,634		—		365		112,999
DEFERRED TAX LIABILITIES, net		8,059		19,987		(1,203)		26,843		11,070		20,012		(714)		30,368		13,984		18,259		(959)		31,284
Total liabilities		996,316		19,987		(778)		1,015,525		976,513		20,012		(362)		996,163		964,680		18,259		(594)		982,345
REDEEMABLE NONCONTROLLING INTERESTS		17,755		—		2,472		20,227		18,690		—		1,744		20,434		19,964		—		2,363		22,327
STOCKHOLDERS’ EQUITY:
Accumulated other comprehensive income		—		62,846		—		62,846		—		62,921		—		62,921		—		57,225		—		57,225
Additional paid-in capital		1,020,711		—		(2,472)		1,018,239		994,678		—		(1,744)		992,934		996,954		—		(2,363)		994,591
Accumulated deficit		(750,198)		167		(3,793)		(753,824)		(735,164)		167		(2,254)		(737,251)		(730,951)		116		(3,009)		(733,844)
Total stockholders’ equity		270,564		63,013		(6,265)		327,312		259,561		63,088		(3,998)		318,651		266,052		57,341		(5,372)		318,021
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$	1,284,635	$	83,000	$	(4,571)	$	1,363,064	$	1,254,764	$	83,100	$	(2,616)	$	1,335,248	$	1,250,696	$	75,600	$	(3,603)	$	1,322,693

	As of March 31, 2021 (unaudited)								As of June 30, 2021 (unaudited)								As of September 30, 2021 (unaudited)
	As Previously				Other				As Previously				Other				As Previously				Other
	Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated
	(In thousands)
ASSETS
CURRENT ASSETS:
Trade accounts receivable, net of allowance for doubtful accounts of $7,954, $7,307, and $7,937, respectively	$	94,633	$	—	$	281	$	94,914	$	103,902	$	—	$	158	$	104,060	$	114,045	$	—	$	311	$	114,356
Other current assets		4,639		—		(1,263)		3,376		4,260		—		(1,263)		2,997		4,423		—		(1,263)		3,160
Total current assets		203,893		—		(982)		202,911		279,735		—		(1,105)		278,630		271,594		—		(952)		270,642
RIGHT OF USE ASSETS		40,421		—		(49)		40,372		42,202		—		(62)		42,140		39,556		—		(75)		39,481
RADIO BROADCASTING LICENSES		484,066		—		(1,624)		482,442		505,148		—		(1,624)		503,524		505,148		—		(1,624)		503,524
OTHER INTANGIBLE ASSETS, net		54,375		—		(2,387)		51,988		53,059		—		(2,315)		50,744		51,821		—		(2,313)		49,508
DEFERRED TAX ASSETS, net		10,051		(10,051)		—		—		3,933		(3,933)		—		—		—		—		—		—
DEBT SECURITIES - available-for-sale, at fair value; amortized cost of $40,000		—		101,900		—		101,900		—		106,400		—		106,400		—		110,800		—		110,800
OTHER ASSETS		43,092		(40,000)		2,431		5,523		43,211		(40,000)		2,372		5,583		62,958		(40,000)		2,383		25,341
Total assets	$	1,168,751	$	51,849	$	(2,611)	$	1,217,989	$	1,239,542	$	62,467	$	(2,734)	$	1,299,275	$	1,237,537	$	70,800	$	(2,581)	$	1,305,756
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	9,037	$	—	$	2,128	$	11,165	$	12,523	$	—		2,067	$	14,590	$	14,623	$	—		2,033	$	16,656
Other current liabilities		25,022		—		(1,847)		23,175		24,137		—		(1,909)		22,228		29,334		—		(1,722)		27,612
Total current liabilities		77,973		—		281		78,254		99,157		—		158		99,315		87,985		—		311		88,296
DEFERRED TAX LIABILITIES, net		—		5,002		(703)		4,299		—		12,493		(715)		11,778		2,325		17,505		(715)		19,115
Total liabilities		957,185		5,002		(422)		961,765		987,887		12,493		(557)		999,823		972,367		17,505		(404)		989,468
REDEEMABLE NONCONTROLLING INTERESTS		12,735		—		1,789		14,524		15,192		—		2,457		17,649		17,017		—		2,311		19,328
STOCKHOLDERS’ EQUITY:
Accumulated other comprehensive income		—		46,847		—		46,847		—		50,239		—		50,239		—		53,551		—		53,551
Additional paid-in capital		1,003,694		—		(1,789)		1,001,905		1,023,458		—		(2,457)		1,021,001		1,021,272		—		(2,311)		1,018,961
Accumulated deficit		(804,912)		—		(2,189)		(807,101)		(787,046)		(265)		(2,177)		(789,488)		(773,170)		(256)		(2,177)		(775,603)
Total stockholders’ equity		198,831		46,847		(3,978)		241,700		236,463		49,974		(4,634)		281,803		248,153		53,295		(4,488)		296,960
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$	1,168,751	$	51,849	$	(2,611)	$	1,217,989	$	1,239,542	$	62,467	$	(2,734)	$	1,299,275	$	1,237,537	$	70,800	$	(2,581)	$	1,305,756

Quarterly Consolidated Statements of Operations

	Three Months Ended March 31, 2022 (unaudited)								Three Months Ended June 30, 2022 (unaudited)								Three Months Ended September 30, 2022 (unaudited)
	As								As								As
	Previously				Other		As		Previously				Other		As		Previously				Other		As
	Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated
	(In thousands, except share data)
NET REVENUE	$	112,349	$	—	$	(218)	$	112,131	$	118,810	$	—	$	(153)	$	118,657	$	121,403	$	—	$	(153)	$	121,250
OPERATING EXPENSES:
Selling, general and administrative, including stock-based compensation of $0, $0, and $5, respectively		35,428		—		(218)		35,210		35,346		—		(153)		35,193		41,076		—		(153)		40,923
Impairment of long-lived assets		—		—		—	$	—		16,933		—		(2,028)		14,905		14,450		—		1,000		15,450
Total operating expenses		75,811		—		(218)		75,593		94,975		—		(2,181)		92,794		102,429		—		847		103,276
Operating income (loss)		36,538		—		—		36,538		23,835		—		2,028		25,863		18,974		—		(1,000)		17,974
Income (loss) before provision for (benefit from) income taxes and noncontrolling interests in income of subsidiaries		22,656		—		—		22,656		19,529		—		2,028		21,557		7,937		—		(1,000)		6,937
PROVISION FOR (BENEFIT FROM) INCOME TAXES		5,586		(134)		10		5,462		3,725		—		489		4,214		3,364		51		(245)		3,170
NET INCOME (LOSS)		17,070		134		(10)		17,194		15,804		—		1,539		17,343		4,573		(51)		(755)		3,767
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	16,369	$	134	$	(10)	$	16,493	$	15,034	$	—	$	1,539	$	16,573	$	4,213	$	(51)	$	(755)	$	3,407
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.32	$	—	$	—	$	0.32	$	0.30	$	—	$	0.03	$	0.33	$	0.09	$	—	$	(0.02)	$	0.07
DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.30	$	—	$	—	$	0.30	$	0.28	$	—	$	0.03	$	0.31	$	0.08	$	—	$	(0.02)	$	0.06

	Three Months Ended March 31, 2021 (unaudited)								Three Months Ended June 30, 2021 (unaudited)								Three Months Ended September 30, 2021 (unaudited)								Three Months Ended December 31, 2021 (unaudited)
	As								As								As								As
	Previously				Other		As		Previously				Other		As		Previously				Other		As		Previously				Other		As
	Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated
	(In thousands, except share data)
NET REVENUE	$	91,440	$	—	$	(229)	$	91,211	$	107,593	$	—	$	(228)	$	107,365	$	111,463	$	—	$	(229)	$	111,234	$	130,966	$	—	$	(491)	$	130,475
OPERATING EXPENSES:
Selling, general and administrative, including stock-based compensation of $31, $0, $0, and $0, respectively		29,987		—		(229)		29,758		31,510		—		(228)		31,282		33,102		—		(229)		32,873		48,588		—		(491)		48,097
Impairment of long-lived assets		—		—		—		—		—		—		—		—		—		—		—		—		—		—		2,104		2,104
Total operating expenses		67,683		—		(229)		67,454		69,673		—		(228)		69,445		76,988		—		(229)		76,759		108,575		—		1,613		110,188
Operating income (loss)		23,757		—		—		23,757		37,920		—		—		37,920		34,475		—		—		34,475		22,391		—		(2,104)		20,287
Income (loss) before provision for (benefit from) income taxes and noncontrolling interests in income of subsidiaries		451		—		—		451		24,597		—		—		24,597		20,712		—		—		20,712		8,484		—		(2,104)		6,380
PROVISION FOR (BENEFIT FROM) INCOME TAXES		(10)		—		—		(10)		6,119		265		(12)		6,372		6,257		(9)		—		6,248		1,211		(289)		(498)		424
NET INCOME (LOSS)		461		—		—		461		18,478		(265)		12		18,225		14,455		9		—		14,464		7,273		289		(1,606)		5,956
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	7	$	—	$	—	$	7	$	17,866	$	(265)	$	12	$	17,613	$	13,876	$	9	$	—	$	13,885	$	6,603	$	289	$	(1,606)	$	5,286
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.00	$	—	$	—	$	0.00	$	0.36	$	(0.01)	$	—	$	0.35	$	0.27	$	—	$	—	$	0.27	$	0.13	$	0.01	$	(0.03)	$	0.11
DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.00	$	—	$	—	$	0.00	$	0.33	$	—	$	—	$	0.33	$	0.25	$	—	$	—	$	0.25	$	0.12	$	0.01	$	(0.03)	$	0.10

Year to Date Consolidated Statements of Operations

	Six Months Ended June 30, 2022 (unaudited)								Nine Months Ended September 30, 2022 (unaudited)
	As Previously Reported		Adjustments		Other Adjustments		As Restated		As Previously Reported			Adjustments	Other Adjustments		As Restated
	(In thousands, except share data)
NET REVENUE	$	231,159	$	—	$	(371)	$	230,788	$	352,562	$	—	$	(524)	$	352,038
OPERATING EXPENSES:
Selling, general and administrative, including stock-based compensation of $0 and $5, respectively		70,774		—		(371)		70,403		111,850		—		(524)		111,326
Impairment of long-lived assets		16,933		—		(2,028)		14,905		31,383		—		(1,028)		30,355
Total operating expenses		170,786		—		(2,399)		168,387		273,215		—		(1,552)		271,663
Operating income		60,373		—		2,028		62,401		79,347		—		1,028		80,375
Income (loss) before provision for (benefit from) income taxes and noncontrolling interests in income of subsidiaries		42,185		—		2,028		44,213		50,122		—		1,028		51,150
PROVISION FOR (BENEFIT FROM) INCOME TAXES		9,311		(134)		499		9,676		12,675		(83)		254		12,846
NET INCOME		32,874		134		1,529		34,537		37,447		83		774		38,304
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	31,403	$	134	$	1,529	$	33,066	$	35,616	$	83	$	774	$	36,473
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.62	$	—	$	0.03	$	0.65	$	0.72	$	—	$	0.02	$	0.74
DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.57	$	—	$	0.03	$	0.60	$	0.67	$	—	$	0.01	$	0.68

	Six Months Ended June 30, 2021 (unaudited)								Nine Months Ended September 30, 2021 (unaudited)
	As Previously Reported		Adjustments		Other Adjustments		As Restated		As Previously Reported		Adjustments		Other Adjustments		As Restated
	(In thousands, except share data)
NET REVENUE	$	199,033	$	—	$	(457)	$	198,576	$	310,496	$	—	$	(686)	$	309,810
OPERATING EXPENSES:
Selling, general and administrative, including stock-based compensation of $31 and $31, respectively		61,497		—		(457)		61,040		94,599		—		(686)		93,913
Total operating expenses		137,356		—		(457)		136,899		214,344		—		(686)		213,658
PROVISION FOR (BENEFIT FROM) INCOME TAXES		6,109		265		(12)		6,362		12,366		256		(12)		12,610
NET INCOME (LOSS)		18,939		(265)		12		18,686		33,394		(256)		12		33,150
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	17,873	$	(265)	$	12	$	17,620	$	31,749	$	(256)	$	12	$	31,505
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Net income (loss) attributable to common stockholders	$	0.36	$	(0.01)	$	—	$	0.35	$	0.64	$	(0.01)	$	—	$	0.63

Quarterly Consolidated Statements of Comprehensive Income

	Three Months Ended March 31, 2022 (unaudited)								Three Months Ended June 30, 2022 (unaudited)								Three Months Ended September 30, 2022 (unaudited)
	As Previously				Other				As Previously				Other				As Previously				Other
	Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated
	(In thousands)
OTHER COMPREHENSIVE INCOME (LOSS), BEFORE TAX:
Unrealized gain (loss) on available-for-sale securities	$	—	$	10,400	$	—	$	10,400	$	—	$	100	$	—	$	100	$	—	$	(7,500)	$	—	$	(7,500)
Income tax (expense) benefit related to unrealized gain (loss) on available-for-sale securities		—		(2,504)		—		(2,504)		—		(25)		—		(25)		—		1,804		—		1,804
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		—		7,896		—		7,896		—		75		—		75		—		(5,696)		—		(5,696)
COMPREHENSIVE INCOME (LOSS)	$	17,070	$	8,030	$	(10)	$	25,090	$	15,804	$	75	$	1,539	$	17,418	$	4,573	$	(5,747)	$	(755)	$	(1,929)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	16,369	$	8,030	$	(10)	$	24,389	$	15,034	$	75	$	1,539	$	16,648	$	4,213	$	(5,747)	$	(755)	$	(2,289)

	Three Months Ended March 31,								Three Months Ended June 30,								Three Months Ended September 30,								Three Months Ended December 31,
	2021 (unaudited)								2021 (unaudited)								2021 (unaudited)								2021 (unaudited)
	As								As								As								As
	Previously				Other		As		Previously				Other		As		Previously				Other		As		Previously				Other		As
	Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated
	(In thousands)
OTHER COMPREHENSIVE INCOME (LOSS), BEFORE TAX:
Unrealized gain (loss) on available-for-sale securities	$	—	$	(1,200)	$	—	$	(1,200)	$	—	$	4,500	$	—	$	4,500	$	—	$	4,400	$	—	$	4,400	$	—	$	1,800	$	—	$	1,800
Income tax (expense) benefit related to unrealized gain (loss) on available-for-sale securities		—		292		—		292		—		(1,108)		—		(1,108)		—		(1,088)		—		(1,088)		—		(401)		—		(401)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		—		(908)		—		(908)		—		3,392		—		3,392		—		3,312		—		3,312		—		1,399		—		1,399
COMPREHENSIVE INCOME (LOSS)		461		(908)		—		(447)	$	18,478	$	3,127	$	12	$	21,617	$	14,455	$	3,321	$	—	$	17,776	$	7,273	$	1,688	$	(1,606)	$	7,355
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	7	$	(908)	$	—	$	(901)	$	17,866	$	3,127	$	12	$	21,005	$	13,876	$	3,321	$	—	$	17,197	$	6,603	$	1,688	$	(1,606)	$	6,685

Year to Date Consolidated Statements of Comprehensive Income

	Six Months Ended June 30, 2022 (unaudited)								Nine Months Ended September 30, 2022 (unaudited)
	As Previously				Other				As Previously				Other
	Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated
	(In thousands)
OTHER COMPREHENSIVE INCOME, BEFORE TAX:
Unrealized gain on available-for-sale securities	$	—	$	10,500	$	—	$	10,500	$	—	$	3,000	$	—	$	3,000
Income tax expense related to unrealized gain on available-for-sale securities		—		(2,529)		—		(2,529)		—		(725)		—		(725)
OTHER COMPREHENSIVE INCOME, NET OF TAX		—		7,971		—		7,971		—		2,275		—		2,275
COMPREHENSIVE INCOME	$	32,874	$	8,105	$	1,529	$	42,508	$	37,447	$	2,358	$	774	$	40,579
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	31,403	$	8,105	$	1,529	$	41,037	$	35,616	$	2,358	$	774	$	38,748

	Six Months Ended June 30, 2021 (unaudited)								Nine Months Ended September 30, 2021 (unaudited)
	As Previously				Other				As Previously				Other
	Reported		Adjustments		Adjustments		As Restated		Reported		Adjustments		Adjustments		As Restated
	(In thousands)
OTHER COMPREHENSIVE INCOME, BEFORE TAX:
Unrealized gain on available-for-sale securities	$	—	$	3,300	$	—	$	3,300	$	—	$	7,700	$	—	$	7,700
Income tax expense related to unrealized gain on available-for-sale securities		—		(816)		—		(816)		—		(1,904)		—		(1,904)
OTHER COMPREHENSIVE INCOME, NET OF TAX		—		2,484		—		2,484		—		5,796		—		5,796
COMPREHENSIVE INCOME	$	18,939	$	2,219	$	12	$	21,170	$	33,394	$	5,540	$	12	$	38,946
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	17,873	$	2,219	$	12	$	20,104	$	31,749	$	5,540	$	12	$	37,301

Consolidated Statements of Changes in Stockholders’ Equity

	Convertible		Common		Common		Common		Common		Accumulated Other		Additional
	Preferred		Stock		Stock		Stock		Stock		Comprehensive		Paid-In		Accumulated		Total
	Stock		Class A		Class B		Class C		Class D		Income		Capital		Deficit		Equity
For the three months ended March 31, 2022	(In thousands, except share data)
As Previously Reported
BALANCE, as of December 31, 2021	$	—	$	9	$	3	$	2	$	37	$	—	$	1,020,636	$	(766,567)	$	254,120
Net income		—		—		—		—		—		—		—		16,369		16,369
Stock-based compensation expense		—		—		—		—		—		—		124		—		124
Repurchase of 2,649 shares of Class D common stock		—		—		—		—		—		—		(10)		—		(10)
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(39)		—		(39)
BALANCE, as of March 31, 2022	$	—	$	9	$	3	$	2	$	37	$	—	$	1,020,711	$	(750,198)	$	270,564
Adjustments and Other Adjustments
BALANCE, as of December 31, 2021		—		—		—		—		—		54,950		(1,640)		(3,750)		49,560
Net income		—		—		—		—		—		—		—		124		124
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(832)		—		(832)
Other comprehensive income, net of tax		—		—		—		—		—		7,896		—		—		7,896
Total Adjustments March 31, 2022	$	—	$	—	$	—	$	—	$	—	$	62,846	$	(2,472)	$	(3,626)	$	56,748
As Restated
BALANCE, as of December 31, 2021 (Restated)		—		9		3		2		37		54,950		1,018,996		(770,317)		303,680
Net income		—		—		—		—		—		—		—		16,493		16,493
Stock-based compensation expense		—		—		—		—		—		—		124		—		124
Repurchase of 2,649 shares of Class D common stock		—		—		—		—		—		—		(10)		—		(10)
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(871)		—		(871)
Other comprehensive income, net of tax		—		—		—		—		—		7,896		—		—		7,896
BALANCE, as of March 31, 2022 (Restated)	$	—	$	9	$	3	$	2	$	37	$	62,846	$	1,018,239	$	(753,824)	$	327,312

	Convertible		Common		Common		Common		Common		Accumulated Other		Additional
	Preferred		Stock		Stock		Stock		Stock		Comprehensive		Paid-In		Accumulated		Total
	Stock		Class A		Class B		Class C		Class D		Income		Capital		Deficit		Equity
For the six months ended June 30, 2022	(In thousands, except share data)
As Previously Reported
BALANCE, as of December 31, 2021	$	—	$	9	$	3	$	2	$	37	$	—	$	1,020,636	$	(766,567)	$	254,120
Net income		—		—		—		—		—		—		—		31,403		31,403
Stock-based compensation expense		—		—		—		—		—		—		460		—		460
Repurchase of 4,684,419 shares of Class D common stock		—		—		—		—		(4)		—		(24,665)		—		(24,669)
Exercise of options for 60,240 shares of Class D common stock		—		—		—		—		—		—		50		—		50
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(1,803)		—		(1,803)
BALANCE, as of June 30, 2022	$	—	$	9	$	3	$	2	$	33	$	—	$	994,678	$	(735,164)	$	259,561
Adjustments and Other Adjustments
BALANCE, as of December 31, 2021		—		—		—		—		—		54,950		(1,640)		(3,750)		49,560
Net income		—		—		—		—		—		—		—		1,663		1,663
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(104)		—		(104)
Other comprehensive income, net of tax		—		—		—		—		—		7,971		—		—		7,971
Total Adjustments June 30, 2022	$	—	$	—	$	—	$	—	$	—	$	62,921	$	(1,744)	$	(2,087)	$	59,090
As Restated
BALANCE, as of December 31, 2021 (Restated)		—		9		3		2		37		54,950		1,018,996		(770,317)		303,680
Net income		—		—		—		—		—		—		—		33,066		33,066
Stock-based compensation expense		—		—		—		—		—		—		460		—		460
Repurchase of 4,684,419 shares of Class D common stock		—		—		—		—		(4)		—		(24,665)		—		(24,669)
Exercise of options for 60,240 shares of Class D common stock		—		—		—		—		—		—		50		—		50
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(1,907)		—		(1,907)
Other comprehensive income, net of tax		—		—		—		—		—		7,971		—		—		7,971
BALANCE, as of June 30, 2022 (Restated)	$	—	$	9	$	3	$	2	$	33	$	62,921	$	992,934	$	(737,251)	$	318,651

	Convertible		Common		Common		Common		Common		Accumulated Other		Additional
	Preferred		Stock		Stock		Stock		Stock		Comprehensive		Paid-In		Accumulated		Total
	Stock		Class A		Class B		Class C		Class D		Income		Capital		Deficit		Equity
For the nine months ended September 30, 2022	(In thousands, except share data)
As Previously Reported
BALANCE, as of December 31, 2021	$	—	$	9	$	3	$	2	$	37	$	—	$	1,020,636	$	(766,567)	$	254,120
Net income		—		—		—		—		—		—		—		35,616		35,616
Stock-based compensation expense		—		1		—		—		1		—		5,467		—		5,469
Repurchase of 4,684,419 shares of Class D common stock		—		—		—		—		(4)		—		(26,482)		—		(26,486)
Exercise of options for 60,240 shares of Class D common stock		—		—		—		—		—		—		50		—		50
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(2,717)		—		(2,717)
BALANCE, as of September 31, 2022	$	—	$	10	$	3	$	2	$	34	$	—	$	996,954	$	(730,951)	$	266,052
Adjustments and Other Adjustments
BALANCE, as of December 31, 2021		—		—		—		—		—		54,950		(1,640)		(3,750)		49,560
Net income		—		—		—		—		—		—		—		857		857
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(723)		—		(723)
Other comprehensive income, net of tax		—		—		—		—		—		2,275		—		—		2,275
Total Adjustments September 31, 2022	$	—	$	—	$	—	$	—	$	—	$	57,225	$	(2,363)	$	(2,893)	$	51,969
As Restated
BALANCE, as of December 31, 2021 (Restated)		—		9		3		2		37		54,950		1,018,996		(770,317)		303,680
Net income		—		—		—		—		—		—		—		36,473		36,473
Stock-based compensation expense		—		1		—		—		1		—		5,467		—		5,469
Repurchase of 4,684,419 shares of Class D common stock		—		—		—		—		(4)		—		(26,482)		—		(26,486)
Exercise of options for 60,240 shares of Class D common stock		—		—		—		—		—		—		50		—		50
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(3,440)		—		(3,440)
Other comprehensive income, net of tax		—		—		—		—		—		2,275		—		—		2,275
BALANCE, as of September 31, 2022 (Restated)	$	—	$	10	$	3	$	2	$	34	$	57,225	$	994,591	$	(733,844)	$	318,021

	Convertible		Common		Common		Common		Common		Accumulated Other		Additional
	Preferred		Stock		Stock		Stock		Stock		Comprehensive		Paid-In		Accumulated		Total
	Stock		Class A		Class B		Class C		Class D		Income		Capital		Deficit		Equity
For the three months ended March 31, 2021	(In thousands, except share data)
As Previously Reported
BALANCE, as of December 31, 2020	$	—	$	4	$	3	$	3	$	38	$	—	$	991,769	$	(804,919)	$	186,898
Net income		—		—		—		—		—		—		—		7		7
Repurchase of 495,296 shares of Class D common stock		—		—		—		—		(1)		—		(871)		—		(872)
Issuance of 1,886,265 shares of Class A common stock		—		2		—		—		—		—		12,123		—		12,125
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		420		—		420
Stock-based compensation expense		—		—		—		—		—		—		253		—		253
BALANCE, as of March 31, 2021	$	—	$	6	$	3	$	3	$	37	$	—	$	1,003,694	$	(804,912)	$	198,831
Adjustments and Other Adjustments
BALANCE, as of December 31, 2020		—		—		—		—		—		47,755		(1,241)		(2,189)		44,325
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(548)		—		(548)
Other comprehensive loss, net of tax		—		—		—		—		—		(908)		—		—		(908)
Total Adjustments March 31, 2021	$	—	$	—	$	—	$	—	$	—	$	46,847	$	(1,789)	$	(2,189)	$	42,869
As Restated
BALANCE, as of December 31, 2020 (Restated)		—		4		3		3		38		47,755		990,528		(807,108)		231,223
Net income		—		—		—		—		—		—		—		7		7
Repurchase of 495,296 shares of Class D common stock		—		—		—		—		(1)		—		(871)		—		(872)
Issuance of 1,886,265 shares of Class A common stock		—		2		—		—		—		—		12,123		—		12,125
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(128)		—		(128)
Stock-based compensation expense		—		—		—		—		—		—		253		—		253
Other comprehensive loss, net of tax		—		—		—		—		—		(908)		—		—		(908)
BALANCE, as of March 31, 2021 (Restated)	$	—	$	6	$	3	$	3	$	37	$	46,847	$	1,001,905	$	(807,101)	$	241,700

	Convertible		Common		Common		Common		Common		Accumulated Other		Additional
	Preferred		Stock		Stock		Stock		Stock		Comprehensive		Paid-In		Accumulated		Total
	Stock		Class A		Class B		Class C		Class D		Income		Capital		Deficit		Equity
For the six months ended June 30, 2021	(In thousands, except share data)
As Previously Reported
BALANCE, as of December 31, 2020	$	—	$	4	$	3	$	3	$	38	$	—	$	991,769	$	(804,919)	$	186,898
Net income		—		—		—		—		—		—		—		17,873		17,873
Repurchase of 509,347 shares of Class D common stock		—		—		—		—		(1)		—		(904)		—		(905)
Issuance of 3,779,391 shares of Class A common stock		—		4		—		—		—		—		33,278		—		33,282
Exercise of options for 197,256 shares of Class D common stock		—		—		—		—		—		—		315		—		315
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(1,425)		—		(1,425)
Stock-based compensation expense		—		—		—		—		—		—		425		—		425
BALANCE, as of June 30, 2021	$	—	$	8	$	3	$	3	$	37	$	—	$	1,023,458	$	(787,046)	$	236,463
Adjustments and Other Adjustments
BALANCE, as of December 31, 2020		—		—		—		—		—		47,755		(1,241)		(2,189)		44,325
Net income		—		—		—		—		—		—		—		(253)		(253)
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(1,216)		—		(1,216)
Other comprehensive income, net of tax		—		—		—		—		—		2,484		—		—		2,484
Total Adjustments June 30, 2021	$	—	$	—	$	—	$	—	$	—	$	50,239	$	(2,457)	$	(2,442)	$	45,340
As Restated
BALANCE, as of December 31, 2020 (Restated)		—		4		3		3		38		47,755		990,528		(807,108)		231,223
Net income		—		—		—		—		—		—		—		17,620		17,620
Repurchase of 509,347 shares of Class D common stock		—		—		—		—		(1)		—		(904)		—		(905)
Issuance of 3,779,391 shares of Class A common stock		—		4		—		—		—		—		33,278		—		33,282
Exercise of options for 197,256 shares of Class D common stock		—		—		—		—		—		—		315		—		315
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(2,641)		—		(2,641)
Stock-based compensation expense		—		—		—		—		—		—		425		—		425
Other comprehensive income, net of tax		—		—		—		—		—		2,484		—		—		2,484
BALANCE, as of June 30, 2021 (Restated)	$	—	$	8	$	3	$	3	$	37	$	50,239	$	1,021,001	$	(789,488)	$	281,803

	Convertible		Common		Common		Common		Common		Accumulated Other		Additional
	Preferred		Stock		Stock		Stock		Stock		Comprehensive		Paid-In		Accumulated		Total
	Stock		Class A		Class B		Class C		Class D		Income		Capital		Deficit		Equity
For the nine months ended September 30, 2021	(In thousands, except share data)
As Previously Reported
BALANCE, as of December 31, 2020	$	—	$	4	$	3	$	3	$	38	$	—	$	991,769	$	(804,919)	$	186,898
Net income		—		—		—		—		—		—		—		31,749		31,749
Repurchase of 519,347 shares of Class D common stock		—		—		—		—		(1)		—		(943)		—		(944)
Issuance of 3,779,391 shares of Class A common stock		—		4		—		—		—		—		33,273		—		33,277
Exercise of options for 219,756 shares of Class D common stock		—		—		—		—		—		—		366		—		366
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(3,671)		—		(3,671)
Stock-based compensation expense		—		—		—		—		—		—		478		—		478
BALANCE, as of September 30, 2021	$	—	$	8	$	3	$	3	$	37	$	—	$	1,021,272	$	(773,170)	$	248,153
Adjustments and Other Adjustments
BALANCE, as of December 31, 2020		—		—		—		—		—		47,755		(1,241)		(2,189)		44,325
Net income		—		—		—		—		—		—		—		(244)		(244)
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(1,070)		—		(1,070)
Other comprehensive income, net of tax		—		—		—		—		—		5,796		—		—		5,796
Total Adjustments September 30, 2021	$	—	$	—	$	—	$	—	$	—	$	53,551	$	(2,311)	$	(2,433)	$	48,807
As Restated
BALANCE, as of December 31, 2020 (Restated)		—		4		3		3		38		47,755		990,528		(807,108)		231,223
Net income		—		—		—		—		—		—		—		31,505		31,505
Repurchase of 519,347 shares of Class D common stock		—		—		—		—		(1)		—		(943)		—		(944)
Issuance of 3,779,391 shares of Class A common stock		—		4		—		—		—		—		33,273		—		33,277
Exercise of options for 219,756 shares of Class D common stock		—		—		—		—		—		—		366		—		366
Adjustment of redeemable noncontrolling interests to estimated redemption value		—		—		—		—		—		—		(4,741)		—		(4,741)
Stock-based compensation expense		—		—		—		—		—		—		478		—		478
Other comprehensive income, net of tax		—		—		—		—		—		5,796		—		—		5,796
BALANCE, as of September 30, 2021 (Restated)	$	—	$	8	$	3	$	3	$	37	$	53,551	$	1,018,961	$	(775,603)	$	296,960

Consolidated Statements of Cash Flows

	Three Months Ended March 31, 2022 (unaudited)								Six Months Ended June 30, 2022 (unaudited)								Nine Months Ended September 31, 2022 (unaudited)
	As								As								As
	Previously				Other		As		Previously				Other		As		Previously				Other		As
	Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	17,070	$	134	$	(10)	$	17,194	$	32,874	$	134	$	1,529	$	34,537	$	37,447	$	83	$	774	$	38,304
Adjustments to reconcile net income to net cash from operating activities:
Deferred income taxes		5,586		(134)		10		5,462		8,597		(134)		499		8,962		11,511		(83)		254		11,682
Non-cash lease liability expense		1,043		—		(1,043)		—		2,038		—		(2,038)		—		2,994		—		(2,994)		—
Impairment of goodwill and broadcasting licenses		—		—		—		—		16,933		—		(2,028)		14,905		31,383		—		(1,028)		30,355
Effect of change in operating assets and liabilities, net of assets acquired:
Trade accounts receivable		13,448		—		(112)		13,336		3,483		—		(39)		3,444		208		—		(52)		156
Accounts payable		(2,591)		—		5		(2,586)		231		—		(189)		42		(270)		—		(346)		(616)
Other liabilities		(4,641)		—		1,150		(3,491)		(7,283)		—		2,266		(5,017)		(75)		—		3,392		3,317
Net cash flows provided by operating activities		15,734		—		—		15,734		43,624		—		—		43,624		54,067		—		—		54,067
NON-CASH OPERATING, FINANCING AND INVESTING ACTIVITIES:
Adjustment of redeemable noncontrolling interests to estimated redemption value	$	39	$	—	$	832	$	871	$	1,803	$	—	$	104	$	1,907	$	2,717	$	—	$	723	$	3,440

	Three Months Ended March 31, 2021 (unaudited)								Six Months Ended June 30, 2021 (unaudited)								Nine Months Ended September 31, 2021 (unaudited)
	As								As								As
	Previously				Other		As		Previously				Other		As		Previously				Other		As
	Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated		Reported		Adjustments		Adjustments		Restated
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	461	$	—	$	—	$	461	$	18,939	$	(265)	$	12	$	18,686	$	33,394	$	(256)	$	12	$	33,150
Adjustments to reconcile net income (loss) to net cash from operating activities:
Deferred income taxes		(10)		—		—		(10)		6,108		265		(12)		6,361		12,366		256		(12)		12,610
Non-cash lease liability expense		1,154		—		(1,154)		—		2,066		—		(2,066)		—		3,299		—		(3,299)		—
Effect of change in operating assets and liabilities, net of assets acquired:
Trade accounts receivable		11,380		—		(41)		11,339		2,260		—		82		2,342		(8,574)		—		(71)		(8,645)
Accounts payable		(2,098)		—		(23)		(2,121)		1,388		—		(84)		1,304		3,488		—		(118)		3,370
Other liabilities		(2,050)		—		1,218		(832)		235		—		2,068		2,303		1,975		—		3,488		5,463
Net cash flows provided by operating activities		14,293		—		—		14,293		51,492		—		—		51,492		36,264		—		—		36,264
NON-CASH OPERATING, FINANCING AND INVESTING ACTIVITIES:
Adjustment of redeemable noncontrolling interests to estimated redemption value	$	(420)	$	—	$	548	$	128	$	1,425	$	—	$	1,216	$	2,641	$	3,671	$	—	$	1,070	$	4,741