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LEASES
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES
9. LEASES
The following table sets forth the components of lease expense and the weighted-average remaining lease term and the weighted-average discount rate for the Company’s leases:
Years Ended December 31,
20252024
(in thousands)
Fixed operating lease cost$12,862 $14,564 
Variable lease cost244 94 
Total lease cost$13,106 $14,658 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$11,663 $14,856 
Weighted-average lease term - operating leases6.88 years7.05 years
Weighted-average discount rate - operating leases15.84%12.96%
The following table sets forth how the Company allocates operating lease costs on the Company's consolidated statements of operations:
Years Ended December 31,
20252024
(in thousands)
Operating lease costs:
Programming and technical$7,849 $7,649 
Selling, general and administrative5,257 7,009 
Total operating lease cost$13,106 $14,658 
As of December 31, 2025, maturities of lease liabilities were as follows:
For the Year Ended December 31,(in thousands)
2026$10,989 
20279,318 
20289,057 
20299,065 
20307,457 
Thereafter19,794 
Total future lease payments65,680 
Less: imputed interest(26,435)
Total lease liabilities$39,245 
As of December 31, 2025, the Company entered into an operating office lease and LMA that had not commenced and will have minimum lease payments of $0.7 and $1.7 million, respectively. These operating leases commenced in the first quarter of 2026 with contractual lease terms of 5 years and 2 years, respectively. In addition, the Company entered into an amendment of an office lease in the first quarter of 2026 with a minimum lease payments of $1.7 million. This operating lease will commence in the first quarter of 2026 with contractual lease term of 3 years.