v3.26.1
GOODWILL, NET AND OTHER INTANGIBLE ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill The table below presents the changes in the Company’s goodwill carrying values for its reportable segments during 2025 and 2024:
Radio
Broadcasting		Reach
Media
Digital(1)
Cable Television(1)
Total
(in thousands)
As of December 31, 2023
Gross goodwill$154,967 $30,468 $27,567 $165,044 $378,046 
Accumulated impairment losses(124,988)(16,114)(20,345)— (161,447)
Net goodwill at December 31, 2023$29,979 $14,354 $7,222 $165,044 $216,599 
Additions— — — — — 
Impairments— — — (20,174)(20,174)
As of December 31, 2024
Gross goodwill$154,967 $30,468 $27,567 $165,044 $378,046 
Accumulated impairment losses(124,988)(16,114)(20,345)(20,174)(181,621)
Net goodwill at December 31, 2024$29,979 $14,354 $7,222 $144,870 $196,425 
Additions— — — — — 
Impairments(3,858)(502)(6,567)(53,115)(64,043)
Intersegment transfers (out) in(1)
— — (655)655 — 
As of December 31, 2025
Gross goodwill$154,967 $30,468 $26,912 $165,699 $378,046 
Accumulated impairment losses(128,846)(16,616)(26,912)(73,289)(245,664)
Net goodwill at December 31, 2025$26,121 $13,852 $— $92,410 $132,382 
(1) Includes the allocation of goodwill relating to the reclassification of the portion of the Company's connected TV offering previously within the Digital reportable segment to our Cable Television reportable segment. See Note 18 - Segment Information for information on this segment reclassification.
Schedule of Key Assumptions for Estimating Radio Broadcasting License Fair Values
Below are the key assumptions used in the income approach for estimating the broadcasting licenses in the most recent interim impairments performed during the years-ended December 31, 2025 and 2024, respectively.
Radio Broadcasting
Licenses		May 31,
2025		March 31,
2025		September 30, 2024**
June 30,
2024 (*)
Impairment charge (in millions)$121.3$6.4$37.7$80.8
Discount rates9.5%
9.5% – 10.0%
10.5%10.0%
Projected revenues assumption rate range
(3.2)% – 0.3%
(1.9)% – 1.0%
(4.0)% – 0.3%
(3.2)% – 0.2%
Market shares range
0.8% – 33.0%
0.8% – 30.0%
1.1% – 30.5%
1.0% – 28.5%
Operating profit margins range
0.8% – 30.0%
2.8% – 30.0%
1.3% – 30.0%
2.5% – 30.0%
(*) Key assumptions presented on the table for these periods relate to certain markets that were quantitatively assessed as part of the interim impairment assessments.
(**) Annual impairment testing assumptions were consistent with the interim impairment testing.
Schedule of Finite-Lived Intangible Assets
The following table presents the changes in the Company’s radio broadcasting licenses carrying value during 2025 and 2024:
Total
(in thousands)
Balance at January 1, 2024$375,296 
Acquisitions(a)
955 
Impairment charges(118,492)
Balance at December 31, 2024$257,759 
Amortization expense(8,973)
Impairment charges(127,772)
Balance at December 31, 2025$121,014 
(a) Measurement period adjustment primarily related to the addition from the La Mega transaction as defined in Note 10 - Acquisitions And Dispositions of the Company's consolidated financial statements.
The following table presents the changes in the Company’s trade name carrying value during the year ended December 31, 2025:
TV One Trade Name
(in thousands)
Net trade name at December 31, 2023$39,690 
Impairments(13,089)
Net trade name at December 31, 2024$26,601 
Amortization expense(2,533)
Net trade name at December 31, 2025
$24,068 
Other intangible assets consist of the following:
As of December 31,Period of
Amortization		Remaining
Weighted-
Average
Period of
Amortization
20252024
(in thousands)
Gross Carrying
Amount		Accumulated
Amortization		Net
Amount		Gross Carrying
Amount		Accumulated
Amortization		Net
Amount
Brand names$4,161 $(3,935)$226 $4,161 $(3,803)$358 
5‑10 Years
2.1 Years
TV One Trade Name, net(1)
26,601 (2,533)24,068 26,601 — 26,601 
20 Years
19 Years
Launch assets, net of current portion22,634 (22,472)162 22,798 (19,071)3,727 Contract length2.3 Years
Other302 (131)171 302 (128)174 
1‑15 Years
3.2 Years
Other intangible assets, net$53,698 $(29,071)$24,627 $53,862 $(23,002)$30,860 
(1) The Company has adopted an accelerated amortization method and started to amortize this asset over its useful life.
Schedule of Indefinite-Lived Intangible Assets
The following table presents the changes in the Company’s radio broadcasting licenses carrying value during 2025 and 2024:
Total
(in thousands)
Balance at January 1, 2024$375,296 
Acquisitions(a)
955 
Impairment charges(118,492)
Balance at December 31, 2024$257,759 
Amortization expense(8,973)
Impairment charges(127,772)
Balance at December 31, 2025$121,014 
(a) Measurement period adjustment primarily related to the addition from the La Mega transaction as defined in Note 10 - Acquisitions And Dispositions of the Company's consolidated financial statements.
The following table presents the changes in the Company’s trade name carrying value during the year ended December 31, 2025:
TV One Trade Name
(in thousands)
Net trade name at December 31, 2023$39,690 
Impairments(13,089)
Net trade name at December 31, 2024$26,601 
Amortization expense(2,533)
Net trade name at December 31, 2025
$24,068 
Other intangible assets consist of the following:
As of December 31,Period of
Amortization		Remaining
Weighted-
Average
Period of
Amortization
20252024
(in thousands)
Gross Carrying
Amount		Accumulated
Amortization		Net
Amount		Gross Carrying
Amount		Accumulated
Amortization		Net
Amount
Brand names$4,161 $(3,935)$226 $4,161 $(3,803)$358 
5‑10 Years
2.1 Years
TV One Trade Name, net(1)
26,601 (2,533)24,068 26,601 — 26,601 
20 Years
19 Years
Launch assets, net of current portion22,634 (22,472)162 22,798 (19,071)3,727 Contract length2.3 Years
Other302 (131)171 302 (128)174 
1‑15 Years
3.2 Years
Other intangible assets, net$53,698 $(29,071)$24,627 $53,862 $(23,002)$30,860 
(1) The Company has adopted an accelerated amortization method and started to amortize this asset over its useful life.
Schedule of Estimated Amortization Expense
Future estimated amortization expense related to the broadcasting licenses for the years 2026 through 2030, and thereafter, is as follows:
(In thousands)
2026$14,785 
202713,762 
202812,740 
202911,717 
203010,695 
Thereafter57,315 
Future estimated amortization expense related to the TV One Trade Name for the years 2026 through 2030, and thereafter is as follows:

(In thousands)
2026$2,407 
20272,280 
20282,154 
20292,027 
20301,900 
Thereafter13,300