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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,936 $ 4,443
Accounts receivable, net of allowance for credit losses of $2,392 and $1,079, respectively 32,211 30,745
Current programming rights 525 2,781
Prepaid expenses and other current assets 2,111 1,307
Total current assets 37,783 39,276
PROPERTY AND EQUIPMENT, NET 19,188 20,349
GOODWILL 28,338 28,338
OTHER INTANGIBLE ASSETS, NET 177,322 178,889
OPERATING LEASE RIGHT OF USE ASSETS 47,095 48,067
FINANCE LEASE RIGHT OF USE ASSETS 2,314 2,623
NONCURRENT ACQUIRED PROGRAMMING RIGHTS 266 5,022
DEPOSITS AND OTHER 2,844 2,937
Total assets 315,150 325,501
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 41,508 36,435
Current maturities of long-term debt 5,000 0
Deferred revenue 10,505 10,921
Operating lease liabilities 6,691 6,401
Finance lease liabilities 737 723
Income taxes payable 4,920 2,023
Other current liabilities 694 788
Total current liabilities 70,055 57,291
LONG TERM DEBT, NET OF CURRENT 66,698 70,172
SERIES B PREFERRED STOCK 38,328 35,553
WARRANT SHARES 0 32,155
OPERATING LEASE LIABILITIES, NET OF CURRENT 36,938 37,634
FINANCE LEASE LIABILITIES, NET OF CURRENT 1,791 2,038
ASSET RETIREMENT OBLIGATIONS 211 200
DEFERRED INCOME TAXES 3,405 2,935
NONCURRENT PROGRAM RIGHTS PAYABLE 0 4,547
OTHER NONCURRENT LIABILITIES 473 455
Total liabilities 217,899 242,980
COMMITMENTS AND CONTINGENCIES (See Note 7)
EQUITY:    
Warrant Shares 32,155 0
Additional paid-in capital 110,514 89,726
Accumulated deficit (45,955) (28,074)
Total equity 97,251 62,119
Noncontrolling interests 0 20,402
Total equity and noncontrolling interests 97,251 82,521
Total liabilities and equity and noncontrolling interests 315,150 325,501
Class A common stock    
EQUITY:    
Common stock 483 413
Class B common stock    
EQUITY:    
Common stock 54 54
Class C Common Stock    
EQUITY:    
Common stock $ 0 $ 0