Restructuring and other related charges were $27.8 million and $449.0 million for the years ended December 31, 2023 and 2022, respectively, with the majority of such costs related to a restructuring plan (the "Plan") that commenced on November 28, 2022. The Plan was designed to achieve significant cost reductions in light of “cord cutting” and the related impacts being felt across the media industry as well as the broader economic outlook. The Plan encompassed initiatives that included, among other things, strategic programming assessments and organizational restructuring costs. The Plan was intended to improve the organizational design of the Company through the elimination of certain roles and centralization of certain functional areas of the Company. The programming assessments pertained to a broad mix of owned and licensed content, including legacy television series and films that will no longer be in active rotation on the Company’s linear or streaming platforms.

For the year ended December 31, 2022, as a result of the Plan, the Company recorded restructuring and other related charges of $449.0 million, consisting of content impairments of $403.8 million and severance and other personnel costs of $45.2 million.

During the year ended December 31, 2023, the Company completed the Plan and recorded restructuring and other related charges of $27.8 million, consisting primarily of charges relating to severance and other personnel costs, and its third quarter exiting of a portion of office space at its corporate headquarters in New York and office space in Silver Spring, Maryland and Woodland Hills, California. In connection with exiting a portion of its New York office space, the Company recorded impairment charges of $11.6 million, consisting of $9.1 million for operating lease right-of use assets and $2.5 million for leasehold improvements. Fair values used to determine the impairment charge were determined using an income approach, specifically a discounted cash flow ("DCF") model. The DCF model includes significant assumptions about sublease income and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations.

Restructuring and other related charges were $10.4 million for the year ended December 31, 2021, including $6.1 million at AMCNI related to severance costs and the termination of distribution in certain international territories and $4.3 million of severance costs relating to a restructuring plan (the "2020 Plan") that commenced on November 18, 2020. The 2020 Plan was designed to streamline the Company’s operations through a reduction of its domestic workforce and improve the organizational design of the Company through the elimination of certain roles and centralization of certain functional areas of the Company.


	Years Ended December 31,
(In thousands)	2023		2022		2021
Domestic Operations	$	3,350	$	423,205	$	2,516
International and Other	3,934		2,854		6,083
Corporate / Inter-segment Eliminations	20,503		22,907		1,779
Total restructuring and other related charges	$	27,787	$	448,966	$	10,378


(In thousands)	Severance and Employee-Related Costs		Content Impairments and Other Exit Costs		Total
Balance at December 31, 2021	$	311	$	29	$	340
Charges	45,212		403,754		448,966

Cash payments	(311)		(13)		(324)
Non-cash adjustments	(7,698)		(329,046)		(336,744)
Other	(364)		—		(364)
Balance at December 31, 2022	37,150		74,724		111,874
Charges	17,510		10,277		27,787

Cash payments	(45,878)		(66,672)		(112,550)
Non-cash adjustments	—		(15,147)		(15,147)
Other	(56)		1,826		1,770
Balance at December 31, 2023	$	8,726	$	5,008	$	13,734