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Revenue Recognition
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

16. Revenue Recognition

 

Disaggregation of Revenue

 

The following table provides information about disaggregated revenue by category, geographical market and timing of revenue recognition:

 

   2024   2023   2024   2023 
  

Three Months Ended

June 30,

  

Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Revenue by category:                    
Digital revenue                    
Digital advertising  $20,718   $23,019   $43,466   $42,112 
Digital subscriptions   1,370    3,186    3,704    6,847 
Licensing and syndication revenue   2,621    3,100    4,921    6,451 
Other digital revenue   1,721    1,219    3,007    1,770 
Total digital revenue   26,430    30,524    55,098    57,180 
Print revenue                    
Print advertising   -    1,060    -    1,716 
Print subscriptions   753    2,488    1,026    3,594 
Total print revenue   753    3,548    1,026    5,310 
Total  $27,183   $34,072   $56,124   $62,490 
Revenue by geographical market:                    
United States  $25,188   $32,949   $52,599   $60,268 
Other   1,995    1,123    3,525    2,222 
Total  $27,183   $34,072   $56,124   $62,490 
Revenue by timing of recognition:                    
At point in time  $25,813   $30,886   $52,420   $55,643 
Over time   1,370    3,186    3,704    6,847 
Total  $27,183   $34,072   $56,124   $62,490 

 

For the three months and six ended June 30, 2024 and 2023, disaggregated revenue represents revenue from continuing operations.

 

Contract Balances

 

The timing of the Company’s performance under its various contracts often differs from the timing of the customer’s payment, which results in the recognition of a contract asset or a contract liability. A contract asset is recognized when a good or service is transferred to a customer and the Company does not have the contractual right to bill for the related performance obligations. A contract liability is recognized when consideration is received from the customer prior to the transfer of goods or services.

 

 

The following table provides information about contract balances:

 

  

June 30, 2024

(unaudited)

   December 31,
2023
 
   As of 
  

June 30, 2024

(unaudited)

   December 31,
2023
 
Unearned revenue (short-term contract liabilities):          
Digital revenue  $10,719   $16,938 
Unearned revenue (long-term contract liabilities):          
Digital revenue  $530   $542 

 

Unearned Revenue – Unearned revenue, also referred to as contract liabilities, include payments received in advance of performance under certain contracts and are recognized as revenue over time. The Company records contract liabilities as unearned revenue on the condensed consolidated balance sheets.