v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]    
NET REVENUE $ 374,371 $ 449,674
Less:    
Programming and technical, including stock-based compensation of $48, and $103, respectively 125,444 135,338
Selling, general and administrative, including stock-based compensation of $1,859 and $5,613, respectively [1] 209,159 230,450
Depreciation and amortization 18,073 7,716
Impairment of goodwill and intangible assets 191,816 151,755
Total operating expenses 544,492 525,259
Operating loss (170,121) (75,585)
INTEREST AND INVESTMENT INCOME 2,492 5,980
INTEREST EXPENSE (38,806) (48,571)
GAIN ON RETIREMENT OF DEBT 44,009 23,271
OTHER (EXPENSE) INCOME, NET (463) 896
Loss from consolidated operations before benefit from (provision for) income taxes (162,889) (94,009)
BENEFIT FROM (PROVISION FOR) INCOME TAXES 16,010 (9,759)
NET LOSS FROM CONSOLIDATED OPERATIONS (146,879) (103,768)
LOSS FROM UNCONSOLIDATED JOINT VENTURE 0 (411)
NET LOSS (146,879) (104,179)
NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS (10) 1,215
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (146,869) $ (105,394)
NET LOSS TO COMMON STOCKHOLDERS (per share)    
Basic (in dollars per share) [2] $ (32.94) $ (22.23)
Diluted (in dollars per share) [2] $ (32.94) $ (22.23)
WEIGHTED-AVERAGE SHARES OUTSTANDING:    
Basic (in shares) [2] 4,458,325 4,740,287
Diluted (in shares) [2] 4,458,325 4,740,287
[1] Corporate selling, general and administrative expenses have been collapsed with Selling, general and administrative expenses in the consolidated statements of operations.
[2] Weighted-average shares outstanding used in the computation of basic and diluted net loss to common stockholders per share have been retroactively adjusted to reflect the 1-for-10 Reverse Stock Split that occurred on January 22, 2026. See Note 15 - Stockholders Equity for additional information.