PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

The Company’s property, plant and equipment consisted of the following classes of assets as of December 31, 2019 (Successor) and 2018 (Predecessor), respectively:

(In thousands)	Successor Company		Predecessor Company
	December 31, 2019		December 31, 2018
Land, buildings and improvements	$	385,017	$	427,501
Towers, transmitters and studio equipment	156,739		365,991
Furniture and other equipment	361,527		591,601
Construction in progress	21,287		43,809
	924,570		1,428,902
Less: accumulated depreciation	77,694		926,700
Property, plant and equipment, net	$	846,876	$	502,202

Schedule of Finite-Lived Intangible Assets

The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of December 31, 2019 (Successor) and December 31, 2018 (Predecessor), respectively:

(In thousands)	Successor Company					Predecessor Company
	December 31, 2019					December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer / advertiser relationships	$	1,629,236	$	(114,280	)	$	1,326,636	$	(1,278,885	)
Talent and other contracts	375,399		(33,739		)	164,933		(148,578		)
Trademarks and tradenames	321,977		(21,661		)	—		—
Other	21,394		(1,786		)	376,978		(240,662		)
Total	$	2,348,006	$	(171,466	)	$	1,868,547	$	(1,668,125	)

Schedule of Estimated Amortization Expense

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:

(In thousands)
2020	$	257,053
2021	256,655
2022	255,874
2023	247,522
2024	246,832

Schedule of Changes in the Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill:

(In thousands)	Audio			Audio & Media Services			Consolidated
Balance as of December 31, 2017 (Predecessor)	$	3,255,208		$	81,831		$	3,337,039
Acquisitions	77,320			—			77,320
Dispositions	(1,606		)	—			(1,606		)
Balance as of December 31, 2018 (Predecessor)	$	3,330,922		$	81,831		$	3,412,753
Acquisitions	—			2,767			2,767
Foreign currency	—			(28		)	(28		)
Balance as of May 1, 2019 (Predecessor)	$	3,330,922		$	84,570		$	3,415,492
Impact of fresh start accounting	(111,712		)	19,585			(92,127		)
Balance as of May 2, 2019 (Successor)	$	3,219,210		$	104,155		$	3,323,365
Acquisitions	4,637			—			4,637
Dispositions	(9,466		)	—			(9,466		)
Foreign currency	—			(1		)	(1		)
Other	7,087			—			7,087
Balance as of December 31, 2019 (Successor)	$	3,221,468		$	104,154		$	3,325,622