CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Mar. 31, 2020 |
Dec. 31, 2019 |
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
$ 65,917
|
$ 33,073
|
| Restricted cash |
473
|
473
|
| Trade accounts receivable, net of allowance for doubtful accounts of $7,159 and $7,416, respectively |
97,149
|
106,148
|
| Prepaid expenses |
12,844
|
11,261
|
| Current portion of content assets |
34,465
|
30,642
|
| Other current assets |
4,231
|
4,442
|
| Total current assets |
215,079
|
186,039
|
| CONTENT ASSETS, net |
69,648
|
70,121
|
| PROPERTY AND EQUIPMENT, net |
24,719
|
24,393
|
| GOODWILL |
233,822
|
239,772
|
| RIGHT OF USE ASSETS |
44,562
|
44,922
|
| RADIO BROADCASTING LICENSES |
535,472
|
582,697
|
| OTHER INTANGIBLE ASSETS, net |
56,870
|
58,212
|
| OTHER ASSETS |
43,572
|
43,763
|
| Total assets |
1,223,744
|
1,249,919
|
| CURRENT LIABILITIES: |
|
|
| Accounts payable |
5,642
|
5,919
|
| Accrued interest |
12,803
|
9,094
|
| Accrued compensation and related benefits |
6,974
|
10,903
|
| Current portion of content payables |
16,696
|
14,804
|
| Current portion of lease liabilities |
8,745
|
8,980
|
| Other current liabilities |
28,786
|
25,393
|
| Current portion of long-term debt |
22,497
|
25,945
|
| Total current liabilities |
102,143
|
101,038
|
| LONG-TERM DEBT, net of current portion, original issue discount and issuance costs |
870,012
|
850,308
|
| CONTENT PAYABLES, net of current portion |
14,456
|
14,826
|
| LONG-TERM LEASE LIABILITIES |
40,271
|
40,494
|
| OTHER LONG-TERM LIABILITIES |
25,198
|
25,054
|
| DEFERRED TAX LIABILITIES, net |
2,704
|
24,560
|
| Total liabilities |
1,054,784
|
1,056,280
|
| REDEEMABLE NONCONTROLLING INTERESTS |
10,292
|
10,564
|
| STOCKHOLDERS' EQUITY: |
|
|
| Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2020 and December 31, 2019 |
0
|
0
|
| Additional paid-in capital |
978,615
|
979,834
|
| Accumulated deficit |
(819,993)
|
(796,806)
|
| Total stockholders' equity |
158,668
|
183,075
|
| Total liabilities, redeemable noncontrolling interests and stockholders' equity |
1,223,744
|
1,249,919
|
| Common Stock Class A [Member] |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Common stock value |
2
|
2
|
| Common Stock Class B [Member] |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Common stock value |
3
|
3
|
| Common Stock Class C [Member] |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Common stock value |
3
|
3
|
| Class D common stock |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Common stock value |
$ 38
|
$ 39
|