Salem Media (SALM) 10-Q 5 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Nov. 02, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Trading Symbol	SALM
Document Fiscal Period Focus	Q3
Entity Registrant Name	SALEM MEDIA GROUP, INC. /DE/
Entity Central Index Key	0001050606
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Security Exchange Name	NASDAQ
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Entity File Number	000-26497
Entity Tax Identification Number	77-0121400
Entity Address, Address Line One	6400 NORTH BELT LINE ROAD
Entity Address, City or Town	IRVING
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75063
City Area Code	469
Local Phone Number	586-0080
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		21,431,824
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,553,696

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 23,781	$ 6,325
Trade accounts receivable (net of allowances of $14,069 in 2020 and $11,680 in 2021)	24,429	24,469
Unbilled revenue	3,300	3,192
Other receivables (net of allowances of $124 in 2020 and $455 in 2021)	1,589	1,122
Inventories	907	495
Prepaid expenses	7,970	6,847
Assets held for sale	1,875	3,346
Total current assets	63,851	45,796
Notes receivable (net of allowance of $461 in 2020 and $996 in 2021)	364	721
Property and equipment (net of accumulated depreciation of $180,336 in 2020 and $185,127 in 2021)	78,425	79,122
Operating lease right-of-use assets	44,100	48,203
Financing lease right-of-use assets	121	152
Broadcast licenses	320,008	319,773
Goodwill	23,986	23,757
Amortizable intangible assets (net of accumulated amortization of $58,897 in 2020 and $57,769 in 2021)	2,785	4,017
Deferred financing costs	895	213
Other assets	3,678	2,817
Total assets	538,213	524,571
Current liabilities:
Accounts payable	2,180	2,006
Accrued expenses	11,740	11,002
Accrued compensation and related expenses	10,752	10,242
Accrued interest	2,750	1,225
Contract liabilities	11,561	11,652
Deferred rent income	114	147
Income taxes payable	626	563
Current portion of operating lease liabilities	8,604	8,963
Current portion of financing lease liabilities	59	60
Current portion of long-term debt	0	5,000
Total current liabilities	48,386	50,860
Long-term debt, less current portion	208,559	213,764
Operating lease liabilities, less current portion	43,180	47,740
Financing (capital) lease liabilities, less current portion	79	107
Deferred income taxes	69,287	68,883
Contract liabilities, long-term	2,081	1,869
Deferred rent income, less current portion	3,795	3,864
Other long-term liabilities	2,248	2,205
Total liabilities	377,615	389,292
Commitments and contingencies (Note 14)
Stockholders' Equity:
Additional paid-in capital	247,668	247,025
Accumulated earnings (deficit)	(53,349)	(78,023)
Treasury stock, at cost (2,317,650 shares at December 31, 2020 and September 30, 2021)	(34,006)	(34,006)
Total stockholders' equity	160,598	135,279
Total liabilities and stockholders' equity	538,213	524,571
Common Class A [Member]
Stockholders' Equity:
Common stock	229	227
Total stockholders' equity	229	227
Common Class B [Member]
Stockholders' Equity:
Common stock	56	56
Total stockholders' equity	$ 56	$ 56

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Trade accounts receivable, allowances	$ 11,680	$ 14,069
Other receivables	455	124
Notes receivable, allowance	996	461
Property and equipment, accumulated depreciation	185,127	180,336
Amortizable intangible assets, accumulated amortization	$ 57,769	$ 58,897
Treasury stock, shares	2,317,650	2,317,650
Common Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	80,000,000	80,000,000
Common stock, issued	23,639,824	23,447,317
Common stock, outstanding	21,322,174	21,129,667
Common Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	20,000,000	20,000,000
Common stock, issued	5,553,696	5,553,696
Common stock, outstanding	5,553,696	5,553,696

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Total net revenue	$ 65,983	$ 60,641	$ 189,118	$ 171,762
Operating expenses:
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $18 and $0 for the three months ended September 30, 2020 and 2021, respectively, and $198 and $5 for the nine months ended September 30, 2020 and 2021, respectively, paid to related parties)	4,284	3,849	12,764	11,909
Debt modification costs	2,347		2,347
Depreciation	2,788	2,677	8,118	8,108
Amortization	427	751	1,553	2,578
Change in the estimated fair value of contingent earn-out consideration		(10)		(12)
Impairment of indefinite-lived long-term assets other than goodwill				17,254
Impairment of goodwill	0		0	307
Net (gain) loss on the disposition of assets	(10,607)	1,381	(10,552)	1,494
Total operating expenses	50,184	55,889	163,322	185,908
Operating income (loss)	15,799	4,752	25,796	(14,146)
Other income (expense):
Interest income		1	1	1
Interest expense	(4,026)	(4,024)	(11,887)	(12,069)
Gain on the forgiveness of PPP loans	11,212		11,212
Gain (loss) on the early retirement of long-term debt	(56)		(56)	49
Net miscellaneous income and (expenses)	2	1	87	(45)
Net income (loss) before income taxes	22,931	730	25,153	(26,210)
Provision for income taxes	837	401	479	31,180
Net income (loss)	$ 22,094	$ 329	$ 24,674	$ (57,390)
Basic income (loss) per share data:
Basic income (loss) per share	$ 0.82	$ 0.01	$ 0.92	$ (2.15)
Diluted income (loss) per share data:
Diluted income (loss) per share	$ 0.81	$ 0.01	$ 0.91	$ (2.15)
Basic weighted average shares outstanding	26,870,664	26,683,363	26,825,483	26,683,363
Diluted weighted average shares outstanding	27,280,949	27,791,353	27,217,382	26,683,363
Broadcast [Member]
Total net revenue	$ 49,591	$ 45,391	$ 140,422	$ 130,041
Operating expenses:
Total operating expenses	37,463	34,283	106,968	104,704
Digital Media [Member]
Total net revenue	10,645	9,808	30,603	28,355
Operating expenses:
Total operating expenses	8,269	7,144	25,280	23,123
Publishing [Member]
Total net revenue	5,747	5,442	18,093	13,366
Operating expenses:
Total operating expenses	$ 5,213	$ 5,814	$ 16,844	$ 16,443

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Operating expenses	$ 50,184	$ 55,889	$ 163,322	$ 185,908
Unallocated corporate expenses exclusive of depreciation and amortization	4,284	3,849	12,764	11,909
Related Party [Member]
Unallocated corporate expenses exclusive of depreciation and amortization	0	18	5	198
Broadcast [Member]
Operating expenses	37,463	34,283	106,968	104,704
Broadcast [Member] | Related Party [Member]
Operating expenses	$ 480	$ 447	$ 1,369	$ 1,313

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Treasury Stock [Member]	Common Class A [Member]	Common Class B [Member]
Balance at Dec. 31, 2019	$ 189,663	$ 246,680	$ (23,294)	$ (34,006)	$ 227	$ 56
Balance (in shares) at Dec. 31, 2019					23,447,317	5,553,696
Stock-based compensation	103	103
Cash distributions	(667)		(667)
Net income (loss)	(55,204)		(55,204)
Balance at Mar. 31, 2020	133,895	246,783	(79,165)	(34,006)	$ 227	$ 56
Balance (in shares) at Mar. 31, 2020					23,447,317	5,553,696
Balance at Dec. 31, 2019	189,663	246,680	(23,294)	(34,006)	$ 227	$ 56
Balance (in shares) at Dec. 31, 2019					23,447,317	5,553,696
Net income (loss)	(57,390)
Balance at Sep. 30, 2020	131,879	246,953	(81,351)	(34,006)	$ 227	$ 56
Balance (in shares) at Sep. 30, 2020					23,447,317	5,553,696
Balance at Mar. 31, 2020	133,895	246,783	(79,165)	(34,006)	$ 227	$ 56
Balance (in shares) at Mar. 31, 2020					23,447,317	5,553,696
Stock-based compensation	96	96
Net income (loss)	(2,515)		(2,515)
Balance at Jun. 30, 2020	131,476	246,879	(81,680)	(34,006)	$ 227	$ 56
Balance (in shares) at Jun. 30, 2020					23,447,317	5,553,696
Distributions per share					$ 0.025	$ 0.025
Stock-based compensation	74	74
Net income (loss)	329		329
Balance at Sep. 30, 2020	131,879	246,953	(81,351)	(34,006)	$ 227	$ 56
Balance (in shares) at Sep. 30, 2020					23,447,317	5,553,696
Balance at Dec. 31, 2020	135,279	247,025	(78,023)	(34,006)	$ 227	$ 56
Balance (in shares) at Dec. 31, 2020					23,447,317	5,553,696
Stock-based compensation	78	78
Options exercised	392	390			$ 2
Options exercised (in shares)					185,782
Net income (loss)	323		323
Balance at Mar. 31, 2021	136,072	247,493	(77,700)	(34,006)	$ 229	$ 56
Balance (in shares) at Mar. 31, 2021					23,633,099	5,553,696
Balance at Dec. 31, 2020	135,279	247,025	(78,023)	(34,006)	$ 227	$ 56
Balance (in shares) at Dec. 31, 2020					23,447,317	5,553,696
Net income (loss)	24,674
Balance at Sep. 30, 2021	160,598	247,668	(53,349)	(34,006)	$ 229	$ 56
Balance (in shares) at Sep. 30, 2021					23,639,824	5,553,696
Balance at Mar. 31, 2021	136,072	247,493	(77,700)	(34,006)	$ 229	$ 56
Balance (in shares) at Mar. 31, 2021					23,633,099	5,553,696
Stock-based compensation	84	84
Net income (loss)	2,257		2,257
Balance at Jun. 30, 2021	138,413	247,577	(75,443)	(34,006)	$ 229	$ 56
Balance (in shares) at Jun. 30, 2021					23,633,099	5,553,696
Stock-based compensation	78	78
Options exercised	13	13
Options exercised (in shares)					6,725
Net income (loss)	22,094		22,094
Balance at Sep. 30, 2021	$ 160,598	$ 247,668	$ (53,349)	$ (34,006)	$ 229	$ 56
Balance (in shares) at Sep. 30, 2021					23,639,824	5,553,696

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES
Net income (loss)	$ 24,674	$ (57,390)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Non-cash stock-based compensation	240	273
Depreciation and amortization	9,671	10,686
Amortization of deferred financing costs	690	675
Non-cash lease expense	6,527	6,745
Provision for bad debts	(248)	4,122
Deferred income taxes	404	30,954
Change in the estimated fair value of contingent earn-out consideration		(12)
Impairment of indefinite-lived long-term assets other than goodwill		17,254
Impairment of goodwill	0	307
Gain on the forgiveness of PPP loans	(11,212)
Gain (loss) on the early retirement of long-term debt	56	(49)
Net (gain) loss on the disposition of assets	(10,552)	1,494
Changes in operating assets and liabilities:
Accounts receivable and unbilled revenue	(67)	2,565
Inventories	(412)	99
Prepaid expenses and other current assets	(1,218)	(1,343)
Accounts payable and accrued expenses	2,596	5,871
Operating lease liabilities	(7,317)	(6,396)
Contract liabilities	782	5,274
Deferred rent income	28	(268)
Other liabilities	41	2,254
Income taxes payable	63	30
Net cash provided by operating activities	14,746	23,145
INVESTING ACTIVITIES
Cash paid for capital expenditures net of tenant improvement allowances	(6,952)	(3,565)
Capital expenditures reimbursable under tenant improvement allowances and trade agreements	(138)	(140)
Deposit on broadcast assets and radio station acquisitions	(100)
Purchases of broadcast assets and radio stations	(600)
Proceeds from sale of long-lived assets	15,771	188
Proceeds from the cash surrender value of life insurance policies		2,363
Other	(1,227)	(353)
Net cash provided by (used in) investing activities	2,774	(1,907)
FINANCING ACTIVITIES
Proceeds from 2028 Notes	114,731
Payments to repurchase or exchange 2024 Notes	(119,443)	(3,392)
Proceeds from borrowings under PPP Loans	11,195
Payments under PPP loans	17
Payments of debt issuance costs	(1,921)	(124)
Proceeds from the exercise of stock options	405
Payments on financing lease liabilities	(48)	(52)
Payment of cash distribution on common stock		(667)
Book overdraft		(1,885)
Net cash used in financing activities	(64)	(1,946)
Net increase in cash and cash equivalents	17,456	19,292
Cash and cash equivalents at beginning of year	6,325	6
Cash and cash equivalents at end of period	23,781	19,298
Supplemental disclosures of cash flow information:
Cash paid for interest, net of capitalized interest	9,628	7,731
Cash paid for interest on finance lease liabilities	6	6
Net cash paid for (received from) income taxes	13	196
Other supplemental disclosures of cash flow information:
Barter revenue	1,647	2,152
Barter expense	1,699	1,971
Non-cash investing and financing activities:
Capital expenditures reimbursable under tenant improvement allowances	138	140
Deferred payments on acquisitions	0	708
Right-of-use assets acquired through operating leases	3,466	2,715
Right-of-use assets acquired through financing leases	17
Non-cash capital expenditures for property & equipment acquired under trade agreements	27	4
Net assets and liabilities assumed in a non-cash acquisition	311
Estimated present value of contingent-earn out consideration	11
Abl Facility [Member]
FINANCING ACTIVITIES
Proceeds from borrowings under ABL Facility	16	38,626
Payments on ABL Facility	(5,016)	(34,452)
Digital Media [Member]
INVESTING ACTIVITIES
Purchases of digital media businesses and assets	$ (3,980)	$ (400)

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	NOTE 1. BUSINESS AND BASIS OF PRESENTATION Business Salem Media Group, Inc. (“Salem,” “we,” “us,” “our” or the “company”) is a domestic multimedia company specializing in Christian and conservative content. Our media properties include radio broadcasting, digital media, and publishing entities. We have three operating segments: (1) Broadcast, (2) Digital Media, and (3) Publishing, which are discussed in Note 17 – Segment Data. Impact of the COVID-19 The COVID-19 stay-at-home While we see progress being made in revenue returning to pre-pandemic COVID-19 right-of-use assets. During 2020 we implemented several measures to reduce costs and conserve cash to ensure that we had adequate cash to meet our debt servicing requirements, including: • limiting capital expenditures; • reducing discretionary spending, including travel and entertainment; • eliminating open positions and freezing new hires; • reducing staffing levels; • implementing temporary company-wide pay cuts of 5%, 7.5% or 10% depending on salary level; • furloughing certain employees; • temporarily suspending the company 401(k) match; • requesting rent concessions from landlords; • requesting discounts from vendors; • offering early payment discounts to certain customers in exchange for advance cash payments; and • suspending the payment of distributions on our common stock indefinitely. As the economy continues to show signs of recovery, many of these cost reduction initiatives were reversed during 2021. We continue to operate with lower staffing levels, we have not reinstated the company 401(k) match and we have not paid equity distributions on our common stock. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law on March 27, 2020. The CARES Act provided emergency economic assistance for individuals and businesses impacted by the COVID-19 • we deferred $3.3 million of employer FICA taxes from April 2020 through December 2020, with 50% payable in December 2021 recorded in accrued compensation and related expenses and 50% payable in December 2022 recorded in other long-term liabilities; • relaxation of interest expense deduction limitation for income tax purposes; • we received Paycheck Protection Program (“PPP”) loans of $11.2 million in total during the first quarter of 2021 through the Small Business Association (“SBA”) based on the eligibility as determined on a per-location • In July 2021, the SBA forgave all but $20,000 of the PPP loans, with the remaining PPP loan repaid in July 2021. Basis of Presentation The accompanying Condensed Consolidated Financial Statements of Salem include the company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. Information with respect to the three and nine months ended September 30, 2021 and 2020 is unaudited. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. 10-K The balance sheet at December 31, 2020 included in this report has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP. Certain reclassifications have been made to the prior year financial statements to conform to the presentation in the current year, which had no impact on the previously reported financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results can be materially different from these estimates and assumptions. Significant areas for which management uses estimates include: • revenue recognition; • asset impairments, including broadcasting licenses, goodwill and other indefinite-lived intangible assets; • probabilities associated with the potential for contingent earn-out • fair value measurements; • contingency reserves; • allowance for doubtful accounts; • sales returns and allowances; • barter transactions; • inventory obsolescence; • reserves for royalty advances; • fair value of equity awards; • self-insurance reserves; • estimated lives for tangible and intangible assets; • assessment of contract-based factors, asset-based factors, entity-based factors and market-based factors to determine the lease term impacting Right-Of-Use • determining the Incremental Borrowing Rate (“IBR”) for calculating ROU assets and lease liabilities, • income tax valuation allowances; • uncertain tax positions; and • estimates used in going concern analysis. These estimates require the use of judgment as future events and the effect of these events cannot be predicted with certainty. The estimates will change as new events occur, as more experience is acquired and as more information is obtained. We evaluate and update our assumptions and estimates on an ongoing basis and we may consult outside experts to assist as considered necessary. The COVID-19

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no changes to our significant accounting policies described in Note 2 to our Annual Report on Form 10-K Recent Accounting Pronouncements All new accounting pronouncements that are in effect that may impact our financial statements have been implemented. We do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position, results of operations or cash flows .

Recent Transactions

Recent Transactions	9 Months Ended
	Sep. 30, 2021
Text Block [Abstract]
Recent Transactions	NOTE 3. RECENT TRANSACTIONS During the nine-month period ended September 30, 2021, we completed or entered into the following transactions: Debt Transactions On September 24, 2021, we repurchased $4.7 million of the 6.75% Senior Secured Notes due 2024 (“2024 Notes”) for $4.7 million in cash, recognizing a net loss of $56,000 after adjusting for bond issuance costs. On September 10, 2021, we exchanged $112.8 million of the 2024 Notes for $114.7 million (reflecting a call premium of 1.688%) of newly issued 7.125% Senior Secured Notes due 2028 (“2028 Notes.”) Contemporaneously with the refinancing, we obtained commitments from the holders of the 2028 Notes to purchase up to $50 million in additional 2028 Notes (“Delayed Draw 2028 Notes,”) contingent upon satisfying certain performance benchmarks, the proceeds of which are to be used exclusively to repurchase or repay the remaining balance outstanding of the 2024 Notes. The transaction was assessed on a lender-specific level and was accounted for as a debt modification in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 470, “ Debt We received $11.2 million in aggregate principal amount of PPP loans through the SBA during the first quarter of 2021 based on the eligibility of our radio stations and networks as determined on a per-location pre-tax 2021 Shelf Registration Statement and At-the-Market In April 2021, we filed a prospectus supplement to our shelf registration statement on Form S-3 at-the-market Acquisitions The operating results of our business acquisitions and asset purchases are included in our consolidated results of operations from their respective closing date or the date that we began operating them under a Local Marketing Agreement (“LMA”) or Time Brokerage Agreement (“TBA.”) On July 2, 2021, we acquired the SeniorResource.com domain for $0.1 million in cash. On July 1, 2021, we acquired the ShiftWorship.com domain and digital assets for $2.6 million in cash. The digital content library is operated within Salem Web Network’s church products division. We recognized goodwill of $0.2 million attributable to the expected synergies to be realized when combining the operations of this entity into our existing operations. On June 1, 2021, we acquired radio stations KDIA-AM KDYA-AM On April 28, 2021, we acquired the Centerline New Media domain and digital assets for $1.3 million in cash. The digital content library is operated within Salem Web Network’s church products division. We recognized goodwill of $24,000 attributable to the expected synergies to be realized when combining the operations of this entity into our existing operations. On March 8, 2021, we acquired the Triple Threat Trader newsletter. We paid no cash at the time of closing and assumed deferred subscription liabilities of $0.1 million. As part of the purchase agreement, we may pay up to an additional $11,000 in contingent earn-out A summary of our business acquisitions and asset purchases during the nine-month period ending September 30, 2021, none of which were individually or in the aggregate material to our consolidated financial position as of the respective date of acquisition, is as follows: Acquisition Date Description Total Consideration (Dollars in thousands) July 2, 2021 SeniorResource.com (asset acquisition) $ 80 July 1, 2021 ShiftWorship.com (business acquisition) 2,600 June 1, 2021 KDIA-AM KDYA-AM 600 April 28, 2021 Centerline New Media (business acquisition) 1,300 March 8, 2021 Triple Threat Trader (asset acquisition) 127 $ 4,707 Under the acquisition method of accounting as specified in FASB ASC Topic 805, “ Business Combinations 2017-01 Business Combinations (Topic 805) Clarifying the Definition of a Business” The total acquisition consideration is equal to the sum of all cash payments, the fair value of any deferred payments and promissory notes, and the present value of any estimated contingent earn-out earn-out and The total purchase price consideration for our business acquisitions and asset purchases the nine-month period ending September 30, 2021, is as follows: Description Total Consideration (Dollars in thousands) Cash payments made upon closing $ 4,580 Deferred payments 116 Present value of estimated fair value of contingent earn-out 11 Total purchase price consideration $ 4,707 The allocations presented in the table below are based upon estimates of the fair values using valuation techniques including income, cost and market approaches. The following preliminary purchase price allocations are based upon the valuation of assets and these estimates and assumptions are subject to change as we obtain additional information during the measurement period, which may be up to one year from the acquisition date. Differences between the preliminary and final valuation could be substantially different from the initial estimate. Net Broadcast Net Digital Total (Dollars in thousands) Assets Property and equipment $ 361 $ 3,221 $ 3,582 Broadcast licenses 235 — 235 Goodwill 4 225 229 Customer lists and contracts — 789 789 Domain and brand names — 66 66 $ 600 $ 4,301 $ 4,901 Liabilities Contract liabilities, short-term — (194 ) (194 ) $ 600 $ 4,107 $ 4,707 Divestitures The operating results of business and asset divestitures are excluded from our consolidated results of operations from their respective closing date or the date that a third-party began operating them under an LMA or TBA. On July 27, 2021, we sold the Hilary Kramer Financial Newsletter and related assets for $0.2 million to be collected in quarterly installments over the two-year pre-tax On July 23, 2021, we sold approximately 34 acres of land in Lewisville, Texas, for $12.1 million in cash. The land was being used for as the transmitter site for company owned radio station KSKY-AM. pre-tax On May 25, 2021, we sold Singing News Magazine and Singing News Radio for $0.1 million in cash. In addition to the assets sold, the buyer assumed deferred subscription liabilities of $0.4 million resulting in a pre-tax On March 18, 2021, we sold radio station WKAT-AM pre-tax write-off pre-tax Pending Transactions On August 31, 2021, we entered an agreement to sell 9.3 acres of land in the Denver area for $8.2 million. We expect to close this sale early in 2022 and plan to continue broadcasting both KRKS-AM KBJD-AM On August 23, 2021, we entered an agreement to sell approximately 77 acres of land in Tampa, Florida for $13.5 million. We will move the transmitter for WTBN-AM WGUL-AM On June 2, 2021, we entered into an APA to acquire radio station KKOL-AM On February 5, 2020, we entered into an APA with Word Broadcasting to sell radio stations WFIA-AM, WFIA-FM WGTK-AM

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	NOTE 4. REVENUE RECOGNITION We recognize revenue in accordance with FASB ASC Topic 606, “ Revenue from Contracts with Customers,” The following table presents our revenues disaggregated by revenue source for each of our operating segments: Nine Months Ended September 30, 2021 Broadcast Digital Media Publishing Consolidated (Dollars in thousands) By Source of Revenue: Block Programming – National $ 35,824 $ — $ — $ 35,824 Block Programming – Local 18,072 — — 18,072 Spot Advertising – National 10,565 — — 10,565 Spot Advertising – Local 30,123 — — 30,123 Infomercials 682 — — 682 Network 14,729 — — 14,729 Digital Advertising 18,415 13,859 132 32,406 Digital Streaming 3,559 2,579 — 6,138 Digital Downloads and eBooks 509 4,637 1,294 6,440 Subscriptions 828 9,227 262 10,317 Book Sales and e-commerce, 289 163 10,851 11,303 Self-Publishing Fees — — 4,730 4,730 Print Advertising 2 — 123 125 Other Revenues 6,825 138 701 7,664 $ 140,422 $ 30,603 $ 18,093 $ 189,118 Timing of Revenue Recognition Point in Time $ 138,540 $ 30,603 $ 18,093 $ 187,236 Rental Income (1) 1,882 — — 1,882 $ 140,422 $ 30,603 $ 18,093 $ 189,118 Nine Months Ended September 30, 2020 Broadcast Digital Media Publishing Consolidated (Dollars in thousands) By Source of Revenue: Block Programming – National $ 35,536 $ — $ — $ 35,536 Block Programming – Local 18,211 — — 18,211 Spot Advertising – National 10,179 — — 10,179 Spot Advertising – Local 28,630 — — 28,630 Infomercials 750 — — 750 Network 13,505 — — 13,505 Digital Advertising 10,676 14,473 216 25,365 Digital Streaming 1,981 2,611 — 4,592 Digital Downloads and eBooks 3,049 4,291 960 8,300 Subscriptions 868 6,679 519 8,066 Book Sales and e-commerce, 1,128 108 6,849 8,085 Self-Publishing Fees — — 3,860 3,860 Print Advertising 1 — 278 279 Other Revenues 5,527 193 684 6,404 $ 130,041 $ 28,355 $ 13,366 $ 171,762 Timing of Revenue Recognition Point in Time $ 128,157 $ 28,319 $ 13,366 $ 169,842 Rental Income (1) 1,884 36 — 1,920 $ 130,041 $ 28,355 $ 13,366 $ 171,762 (1) Rental income is not applicable to FASB ASC Topic 606, but shown for the purpose of identifying each revenue source presented in total revenue on our Condensed Consolidated Financial Statements within this report on Form 10-Q. A summary of our principal sources of revenue is as follows: Block Programming . 1 2 50-minutes three Spot Advertising Network Revenue . Digital Advertising. Salem Surround, our multimedia advertising agency, offers a comprehensive suite of digital marketing services to develop and execute audience-based marketing strategies for clients on both the national and local level. Salem Surround specializes in digital marketing services for each of our radio stations and websites as well as provides a full-service digital marketing strategy for each of our clients. In our role as a digital agency, our sales team provides our customers with integrated digital advertising solutions that optimize the performance of their campaign, which we view as one performance obligation. Our advertising campaigns are designed to be “white label” agreements between Salem and our advertiser, meaning we provide special care and attention to the details of the campaign. We provide custom digital product offerings, including tools for metasearch, retargeting, website design, reputation management, online listing services, and social media marketing. Digital advertising solutions may include third-party websites, such as Google or Facebook, which can be included in a digital advertising social media campaign. We manage all aspects of the digital campaign, including social media placements, review and approval of target audiences, and the monitoring of actual results to make modifications as needed. We may contract directly with a third-party, however, we are responsible for delivering the campaign results to our customer with or without the third-party. We are responsible for any payments due to the third-party regardless of the campaign results and without regard to the status of payment from our customer. We have discretion in setting the price to our customer without input or approval from the third-party. Accordingly, revenue is reported gross, as principal, as the performance obligation is delivered, which represents the point in time that control is transferred to the customer thereby completing our performance obligation. Digital Streaming Digital Downloads and e-books e-books. Subscriptions on-air three months two years 30-day pro-rata Book Sales e-Commerce E-Commerce re-saleable Self-Publishing Fees e-Books. Revenue is recognized upon completion of each performance obligation, which represents the point in time that control of the product is transferred to the author, thereby completing our performance obligation. Revenue is recorded at the net amount due from the author, including discounts based on the service package. Advertising – Print Other Revenues . on-air Trade and Barter Transactions In broadcasting, trade or barter agreements are commonly used to reduce cash expenses by exchanging advertising time for goods or services. We may enter barter agreements to exchange airtime or digital advertising for goods or services that can be used in our business or that can be sold to our audience under Listener Purchase Programs. The terms of these barter agreements permit us to preempt the barter airtime or digital campaign in favor of customers who purchase the airtime or digital campaign for cash. The value of these non-cash . Trade and barter revenues and expenses were as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (Dollars in thousands) Net broadcast barter revenue $ 444 $ 582 $ 2,118 $ 1,647 Net digital media barter revenue — — — — Net publishing barter revenue 3 — 34 — Net broadcast barter expense $ 413 $ 619 $ 1,971 $ 1,704 Net digital media barter expense — — — — Net publishing barter expense — (2 ) — (5 ) Contract Assets Contract Assets – Costs to Obtain a Contract: Contract Liabilities Contract liabilities consist of customer advance payments and billings in excess of revenue recognized. We may receive payments from our customers in advance of completing our performance obligations. Additionally, new customers, existing customers without approved credit terms and authors purchasing specific self-publishing services, are required to make payments in advance of the delivery of the products or performance of the services. We record contract liabilities equal to the amount of payments received in excess of revenue recognized, including payments that are refundable if the customer cancels the contract according to the contract terms. Contract liabilities were historically recorded under the caption “deferred revenue” and are reported as current liabilities on our consolidated financial statements when the time to fulfill the performance obligations under terms of our contracts is less than one year. Long-term contract liabilities represent the amount of payments received in excess of revenue earned, including those that are refundable, when the time to fulfill the performance obligation is greater than one year. Our long-term liabilities consist of subscriptions with a term of two-years Significant changes in our contract liabilities balances during the period are as follows: Short-Term Long-Term (Dollars in thousands) Balance, beginning of period January 1, 2021 $ 11,652 $ 1,869 Revenue recognized during the period that was included in the beginning balance (7,770 ) — Additional amounts recognized during the period 19,742 883 Revenue recognized during the period that was recorded during the period (12,734 ) — Transfers 671 (671 ) Balance, end of period September 30, 2021 $ 11,561 $ 2,081 Amount refundable at beginning of period $ 11,607 $ 1,869 Amount refundable at end of period $ 11,549 $ 2,081 We expect to satisfy these performance obligations as follows: Amount For the Twelve Months Ended September 30, (Dollars in thousands) 20 22 $ 11,561 20 23 979 20 24 787 20 25 238 20 26 77 There after — $ 13,642 Significant Financing Component Our sales agreements are typically less than 12 months; however, we may sell subscriptions with a two-year Our self-publishing contracts may exceed a one-year

Inventories

Inventories	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Inventories	NOTE 5. INVENTORIES Inventories consist of finished books from Regnery ®

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 6. PROPERTY AND EQUIPMENT We account for property and equipment in accordance with FASB ASC Topic 360-10, Property, Plant and Equipment The following is a summary of the categories of our property and equipment: December 31, 2020 September 30, 2021 (Dollars in thousands) Buildings $ 28,922 $ 28,567 Office furnishings and equipment 36,875 36,592 Antennae, towers and transmitting equipment 78,057 77,543 Studio, production, and mobile equipment 29,023 29,333 Computer software and website development costs 33,928 38,272 Record and tape libraries 17 — Automobiles 1,514 1,492 Leasehold improvements 18,187 18,703 $ 226,523 $ 230,502 Less accumulated depreciation (180,336 ) (185,127 ) 46,187 45,375 Land $ 30,254 $ 27,040 Construction-in-progress 2,681 6,010 $ 79,122 $ 78,425 Depreciation expense was approximately $2.7 million for the three-month periods ended September 30, 2021 and 2020, and $8.1 million for the nine-month periods ended September 30, 2021 and 2020. We periodically review long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. This review requires us to estimate the fair value of the assets using significant unobservable inputs that reflect our own assumptions about the estimates that market participants would use in measuring fair value, including assumptions about risk. If actual future results are less favorable than the assumptions and estimates we used, we are subject to future impairment charges, the amount of which may be material. There were no indications of impairment during the three- and nine-month period ended September 30, 2021 .

Operating and Finance Lease Rig

Operating and Finance Lease Right-of-Use Assets	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Operating and Finance Lease Right-of-Use Assets	NOTE 7. OPERATING AND FINANCE LEASE RIGHT-OF-USE Leases We account for leases in accordance with FASB ASC Topic 842, “ Leases Leasing Transactions Our leased assets include offices and studios, transmitter locations, antenna sites, tower and tower sites, and land. Our lease portfolio has terms remaining from less than one-year which we can extend five Operating leases are reflected on our balance sheet within operating lease ROU assets and the related current and non-current Balance Sheet Supplemental balance sheet information related to leases is as follows: September 30, 2021 (Dollars in thousands) Operating Leases Related Party Other Total Operating leases ROU assets $ 6,303 $ 37,797 $ 44,100 Operating lease liabilities (current) $ 1,004 $ 7,600 $ 8,604 Operating lease liabilities (non-current) 5,479 37,701 43,180 Total operating lease liabilities $ 6,483 $ 45,301 $ 51,784 Weighted Average Remaining Lease Term Operating leases 7.8 years Finance leases 2.9 years Weighted Average Discount Rate Operating leases 7.98 % Finance leases 5.74 % Lease Expense The components of lease expense were as follows: Nine Months Ended September 30, 2021 (Dollars in thousands) Amortization of finance lease ROU Assets $ 48 Interest on finance lease liabilities 6 Finance lease expense 54 Operating lease expense 9,656 Variable lease expense 430 Short-term lease expense 444 Total lease expense $ 10,584 Supplemental Cash Flow Supplemental cash flow information related to leases was as Nine Months Ended September 30, 2021 (Dollars in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,403 Operating cash flows from finance leases 4 Financing cash flows from finance leases 48 Leased assets obtained in exchange for new operating lease liabilities $ 3,466 Leased assets obtained in exchange for new finance lease liabilities 17 Maturities Future minimum lease payments under leases that had initial or remaining non-cancelable Operating Leases Related Party Other Total Finance Leases Total (Dollars in thousands) 2021 (Oct-Dec) $ 1,505 $ 10,789 $ 12,294 $ 66 $ 12,360 2022 1,370 10,908 12,278 47 12,325 2023 1,070 8,533 9,603 24 9,627 2024 1,021 6,890 7,911 10 7,921 2025 1,089 5,640 6,729 1 6,730 Thereafter 3,293 22,222 25,515 — 25,515 Undiscounted Cash Flows $ 9,348 $ 64,982 $ 74,330 $ 148 $ 74,478 Less: imputed interest (2,865 ) (19,681 ) (22,546 ) (10 ) (22,556 ) Total $ 6,483 $ 45,301 $ 51,784 $ 138 $ 51,922 Reconciliation to lease liabilities: Lease liabilities – current $ 1,004 $ 7,600 $ 8,604 $ 59 $ 8,663 Lease liabilities – long-term 5,479 37,701 43,180 79 43,259 Total Lease Liabilities $ 6,483 $ 45,301 $ 51,784 $ 138 $ 51,922

Broadcast Licenses

Broadcast Licenses	9 Months Ended
	Sep. 30, 2021
Text Block [Abstract]
Broadcast Licenses	NOTE 8. BROADCAST LICENSES We account for broadcast licenses in accordance with FASB ASC Topic 350 “ Intangibles—Goodwill and Other various The following table presents the changes in broadcasting licenses including acquisitions and divestitures of radio stations and FM Twelve Months Ended Nine Months Ended September 30, 2021 (Dollars in thousands) Balance before cumulative loss on impairment, $ 435,300 $ 434,209 Accumulated loss on impairment, beginning of (97,442 ) (114,436 ) Balance after cumulative loss on impairment, beginning 337,858 319,773 Acquisitions of radio stations — 235 Dispositions of radio stations (1,091 ) — Impairments based on the estimated fair value of (16,994 ) — Balance, end of period after cumulative loss on $ 319,773 $ 320,008 Balance, end of period before cumulative loss on $ 434,209 $ 434,444 Accumulated loss on impairment, end of period (114,436 ) (114,436 ) Balance, end of period after cumulative loss on $ 319,773 $ 320,008

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	NOTE 9. GOODWILL We account for goodwill in accordance with FASB ASC Topic 350 “ Intangibles—Goodwill and Other The following table presents the changes in goodwill including business acquisitions and dispositions as discussed in Note 3 of our Condensed Consolidated Financial Statements. Goodwill Twelve Months Ended Nine Months Ended (Dollars in thousands) Balance, beginning of period before cumulative loss $ 28,454 $ 28,520 Accumulated loss on impairment (4,456 ) (4,763 ) Balance, beginning of period after cumulative loss on 23,998 23,757 Acquisitions of radio stations 66 4 Acquisitions of digital media entities — 225 Impairments based on the estimated fair value (307 ) — Ending period balance $ 23,757 $ 23,986 Balance, end of period before cumulative loss on 28,520 28,749 Accumulated loss on impairment (4,763 ) (4,763 ) Ending period balance $ 23,757 $ 23,986

Amortizable Intangible Assets

Amortizable Intangible Assets	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortizable Intangible Assets	NOTE 10. AMORTIZABLE INTANGIBLE ASSETS The following tables provide a summary of our significant classes of amortizable intangible assets: September 30, 2021 Accumulated Cost Amortization Net (Dollars in thousands) Customer lists and contracts $ 23,700 $ (21,987 ) $ 1,713 Domain and brand names 19,875 (19,340 ) 535 Favorable and assigned leases 2,188 (1,955 ) 233 Subscriber base and lists 8,647 (8,343 ) 304 Author relationships 2,771 (2,771 ) — Non-compete 2,041 (2,041 ) — Other amortizable intangible assets 1,332 (1,332 ) — $ 60,554 $ (57,769 ) $ 2,785 December 31, 2020 Accumulated Cost Amortization Net (Dollars in thousands) Customer lists and contracts $ 24,012 $ (22,533 ) $ 1,479 Domain and brand names 20,350 (19,127 ) 1,223 Favorable and assigned leases 2,188 (1,943 ) 245 Subscriber base and lists 9,886 (8,974 ) 912 Author relationships 2,771 (2,765 ) 6 Non-compete 2,041 (1,954 ) 87 Other amortizable intangible assets 1,666 (1,601 ) 65 $ 62,914 $ (58,897 ) $ 4,017 Amortization expense was approximately $0.4 million and $0.8 million for the three-month periods ended September 30, 2021 and 2020, respectively and $1.5 million and $2.6 million for the nine-month periods ended September 30, 2021 and 2020, respectively. Based on the amortizable intangible assets as of September 30, 2021, we estimate amortization expense for the next five years to be as follows: Year Ended December 31, Amortization Expense (Dollars in thousands) 2021 (Oct – Dec) $ 341 2022 1,219 2023 796 2024 205 2025 21 Thereafter 203 Total $ 2,785

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 11. LONG-TERM DEBT Long-term debt consists of the following: December 31, 2020 September 30, 2021 (Dollars in thousands) 7.125% Senior Secured Notes $ — $ 114,731 Less unamortized discount and debt issuance costs based on imputed interest rate of 7.64% — (4,048 ) 7.125% Senior Secured Notes net carrying value — 110,683 6.75% Senior Secured Notes 216,341 98,815 Less unamortized debt issuance costs based on imputed interest rate of 7.10% (2,577 ) (939 ) 6.75% Senior Secured Notes net carrying value 213,764 97,876 Asset-Based Revolving Credit Facility principal 5,000 — SBA Paycheck Protection Program loans — — Long-term debt less unamortized discount and debt issuance costs $ 218,764 $ 208,559 Less current portion (5,000 ) — Long-term debt less unamortized discount and debt issuance costs, net of current portion $ 213,764 $ 208,559 (1) As of September 30, 2021, the Asset-Based Revolving Credit Facility (“ABL”), had a borrowing base of $24.6 million, no outstanding borrowings and $0.3 million of outstanding letters of credit, resulting in a $24.3 million borrowing base availability. Our weighted average interest rate was 6.65% and 6.94% at December 31, 2020 and September 30, 2021, respectively . In addition to the outstanding amounts listed above, we also have interest payments related to our long-term debt as follows as of September 30, 2021: • $114.7 million aggregate principal amount of 2028 Notes with semi-annual interest payments at an annual rate of 7.125%; • $98.8 million aggregate principal amount of 2024 Notes with semi-annual interest payments at an annual rate of 6.75%; and • Commitment fee of 0.25% to 0.375% per annum on the unused portion of the ABL Facility. 7.125% Senior Secured Notes On September 10, 2021, we refinanced $112.8 million of the 2024 Notes by exchanging $112.8 million of 2024 Notes into $114.7 million (reflecting a call premium of 1.688%) of newly issued 7.125% Senior Secured Notes due 2028 (“2028 Notes.”) Contemporaneously with the refinancing, we obtained commitments from the holders of the 2028 Notes to purchase up to $50 million in additional 2028 Notes (“Delayed Draw 2028 Notes”), contingent upon satisfying certain performance benchmarks, the proceeds of which are to be used exclusively to repurchase or repay the remaining balance outstanding of the 2024 Notes. The 2028 Notes and the related guarantees were exchanged and sold to certain holders of the 2024 Notes, whom we believe to be qualified institutional buyers, in a private placement. The 2028 Notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or any state securities laws. The transaction was assessed on a lender-specific level and was accounted for as a debt modification in accordance with FASB ASC Topic 470. The 2028 Notes are guaranteed on a senior secured basis. We may redeem the 7.125% Notes, in whole or in part, at any time prior to June 1, 2024 at a price equal to 100% of the principal amount of the 2028 Notes plus a “make-whole” premium as of, and accrued and unpaid interest, if any, to, but not including, the redemption date. At any time on or after June 1, 2024, we may redeem some or all of the 2028 Notes at the redemption prices (expressed as percentages of the principal amount to be redeemed) set forth in the 2028 Notes Indenture, plus accrued and unpaid interest, if any, to, but not including the redemption date. In addition, we may redeem up to 35% of the aggregate principal amount of the 2028 Notes before June 1, 2024 with the net cash proceeds from certain equity offerings at a redemption price of 107.125% of the principal amount plus accrued and unpaid interest, if any, to, but not including the redemption date. We may also redeem up to 10% of the aggregate original principal amount of the 2028 Notes per twelve-month period, in connection with up to two redemptions in such twelve-month period, at a redemption price of 101% of the principal amount plus accrued and unpaid interest to, but not including, the redemption date. The 2028 Notes mature on June 1, 2028, unless earlier redeemed or repurchased. Interest accrues on the 2028 Notes from September 10, 2021 and is payable semi-annually, in cash in arrears, on June 1 and December 1 of each year, commencing December 1, 2021. Based on the balance of the 2028 Notes outstanding, we are required to pay $8.2 million per year in interest. As of September 30, 2021, accrued interest on the 2028 Notes was $0.5 million. The indenture to the 2028 Notes (“2028 Indenture”) contains covenants that, among other things and subject in each case to certain specified exceptions, limit the ability to: (i) incur additional debt; (ii) declare or pay dividends, redeem stock or make other distributions to stockholders; (iii) make investments; (iv) create liens or use assets as security in other transactions; (v) merge or consolidate, or sell, transfer, lease or dispose of substantially all assets; (vi) engage in transactions with affiliates; and (vii) sell or transfer assets. At September 30, 2021, we were, and we remain, in compliance with all of the covenants under the 7.125% Indenture. We incurred debt issuance costs of $4.2 million, of which $2.3 million of third-party debt modification costs are reflected in operating expenses for the current period, $0.8 million is deferred with the Delayed Draw 2028 Notes, and $1.1 million, along with $3.0 million from the exchanged 2024 Notes, is being amortized as part of the effective yield on the 2028 Notes. SBA PPP Loans We received $11.2 million in aggregate principal amount of PPP loans through the SBA during the first quarter of 2021 based on the eligibility of our radio stations and networks as determined on a per-location pre-tax 6.75% Senior Secured Notes On May 19, 2017, we issued 6.75% Senior Secured Notes (“2024 Notes”) in a private placement. The 2024 Notes are guaranteed on a senior secured basis by our existing subsidiaries (the “Subsidiary Guarantors”). The 2024 Notes bear interest at a rate of 6.75% per year and mature on June 1, 2024, unless they are earlier redeemed or repurchased. Interest is payable semi-annually, in cash in arrears, on June 1 and December 1 of each year. The 2024 Notes are secured by a first-priority lien on substantially all assets of ours and the Subsidiary Guarantors other than the ABL Facility Priority Collateral (as described below) (the “2024 Notes Priority Collateral”). There is no direct lien on our FCC licenses to the extent prohibited by law or regulation (other than the economic value and proceeds thereof). The indenture relating to the 2024 Notes (the “2024 Indenture”) contains covenants that, among other things and subject in each case to certain specified exceptions, limit our ability and the ability of our restricted subsidiaries to: (i) incur additional debt; (ii) declare or pay dividends, redeem stock or make other distributions to stockholders; (iii) make investments; (iv) create liens or use assets as security in other transactions; (v) merge or consolidate, or sell, transfer, lease or dispose of substantially all of our assets; (vi) engage in transactions with affiliates; and (vii) sell or transfer assets. At September 30, 2021, we were, and we remain, in compliance with all of the covenants under the Indenture. We may from time to time, depending on market conditions and prices, contractual restrictions, our financial liquidity and other factors, seek to repurchase the 2024 Notes in open market transactions, privately negotiated transactions, by tender offer or otherwise, as market conditions warrant. As described above, on September 10, 2021, we exchanges of $112.8 million of the 2024 Notes for $114.7 million of newly issued 2028 Notes, reflecting a call premium of 1.688%. Bond issuance costs of $1.1 million associated with the $112.8 million of the 2024 Notes are being amortized as part of the effective yield on the 2028 Notes. On September 24, 2021, we repurchased $4.7 million of the 2024 Notes for $4.7 million in cash, recognizing a net loss of $56,000 after adjusting for bond issuance costs. Based on the balance of the 2024 Notes outstanding of $98.8 million, we are required to pay $6.6 million per year in interest on the 2024 Notes. As of September 30, 2021, accrued interest on the 2024 Notes was $2.3 million. We incurred debt issuance costs of $6.3 million that were recorded as a reduction of the debt proceeds that are being amortized to non-cash Asset-Based Revolving Credit Facility On May 19, 2017, we entered into the ABL Facility pursuant to a Credit Agreement (the “Credit Agreement”) by and among us and our subsidiaries party thereto as borrowers, Wells Fargo Bank, National Association, as administrative agent and lead arranger, and the lenders that are parties thereto. The ABL Facility is a five-year $30.0 million revolving credit facility due March 1, 2024, which includes a $5.0 million subfacility for standby letters of credit and a $7.5 million subfacility for swingline loans. All borrowings under the ABL Facility accrue interest at a rate equal to a base rate or LIBOR plus a spread. The spread, which is based on an availability-based measure, ranges from 0.50% to 1.00% for base rate borrowings and 1.50% to 2.00% for LIBOR borrowings. If an event of default occurs, the interest rate may increase by 2.00% per annum. Amounts outstanding under the ABL Facility may be paid and then reborrowed at our discretion without penalty or premium. Additionally, we pay a commitment fee on the unused balance from 0.25% to 0.375% per year based on the level of borrowings. Availability under the ABL Facility is subject to a borrowing base consisting of (a) 90% of the eligible accounts receivable plus (b) a calculated amount based on the value of certain real property. As of September 30, 2021, the amount available under the ABL Facility was $25.0 million of which none was outstanding. The ABL Facility has a first-priority lien on our and the Subsidiary Guarantors’ accounts receivable, inventory, deposit and securities accounts, certain real estate and related assets (the “ABL Facility Priority Collateral”) and by a second-priority lien on the Notes Priority Collateral. There is no direct lien on our FCC licenses to the extent prohibited by law or regulation (other than the economic value and proceeds thereof). At September 30, 2021, we were, and we remain, in compliance with all of the covenants under Credit Agreement. On September 10, 2021, we entered into the fifth amendment to the ABL Facility to designate the incurrence of the 2028 Notes, and any further refinancing of 2024 Notes through the issuance of additional 2028 Notes, as permitted indebtedness thereunder and to effect related arrangements for the interests in the ABL Priority Collateral and the Notes Priority Collateral. We incurred debt issue costs of $0.9 million that were recorded as an asset and are being amortized to non-cash We report outstanding balances on the ABL Facility as short-term regardless of the maturity date based on use of the ABL Facility to fund ordinary and customary operating cash needs with frequent repayments. We believe that our borrowing capacity under the ABL Facility allows us to meet our ongoing operating requirements, fund capital expenditures and satisfy our debt service requirements for at least the next twelve months. Maturities of Long-Term Debt Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2021 for each of the next five years and thereafter are as follows: Amount For the Year Ended September 30, (Dollars in thousands) 2022 $ — 2023 — 2024 98,815 2025 — 2026 — Thereafter 114,731 $ 213,546

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 12. FAIR VALUE MEASUREMENTS As of September 30, 2021, the carrying value of cash and cash equivalents, trade accounts receivables, accounts payable, accrued expenses and accrued interest approximates fair value due to the short-term nature of such instruments. The carrying amount of the Notes at September 30, 2021 was $213.5 million compared to the estimated fair value of $213.3 million, based on the prevailing interest rates and trading activity of our Notes. We have certain assets that are measured at fair value on a non-recurring The following table summarizes the fair value of our financial assets and liabilities that are measured at fair value: September 30, 2021 Carrying Value on Fair Value Measurement Category Level 1 Level 2 Level 3 (Dollars in thousands) Liabilities: Estimated fair value of contingent earn-out $ 11 — — $ 11 Long-term debt less unamortized discount and debt issuance costs 208,559 — 208,314 —

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 13. INCOME TAXES We recognize deferred tax assets and liabilities for future tax consequences attributable to differences between our consolidated financial statement carrying amount of assets and liabilities and their respective tax bases. We measure these deferred tax assets and liabilities using enacted tax rates expected to apply in the years in which these temporary differences are expected to reverse. We recognize the effect on deferred tax assets and liabilities resulting from a change in tax rates in income in the period that includes the date of the change. The adoption of ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” 2019-12”) At December 31, 2020, we had net operating loss carryforwards for federal income tax purposes of approximately $135.3 million that expire in years 2021 through 2038 and for state income tax purposes of approximately $610.8 million that expire in years 2021 through 2040. As a result of our adjusted cumulative three-year pre-tax COVID-19 During the interim period ended September 30, 2021, we computed the income tax provision using the estimated effective annual rate applicable for the full year. We updated our forecast to project income for the 2021 calendar year. In accordance with the guidance under FASB ASC Topic 740-270-25-4, The effective tax rate differs from our statutory rate as a result of the forecasted change in the valuation allowance against expected operating income, permanently disallowed expenses, PPP loan forgiveness, state tax and changes to the deferred tax liability for amortization of indefinite-lived intangible assets. Given that we have a valuation allowance placed on our net operating losses, and as part of our annual effective tax rate exercise, we estimate annual taxable income for purposes of determining the utilization of the operating loss carryforwards resulting in a tax benefit recognized in the overall annual effective tax rate. We recognized a favorable tax adjustment attributable to the GAAP income recognition of the PPP loan forgiveness within the quarter as a discrete adjustment for both federal and state jurisdictions where applicable given its unusual and infrequent nature. During the quarter ended September 30, 2021, we refinanced $112.8 million of the 2024 Notes by exchanging $112.8 million of the 2024 Notes into $114.7 million of newly issued 2028 Notes, incurring third-party debt modification costs during the quarter. For tax purposes, we considered these debt modification costs in our operating loss utilization analysis. The amortization of our indefinite-lived intangible assets for tax purposes, but not for book purposes, creates deferred tax liabilities. A reversal of deferred tax liabilities may occur when indefinite-lived intangibles: (1) become impaired; or (2) are sold, which would typically only occur in connection with the sale of the assets of a station or groups of stations or the entire company in a taxable transaction. Due to the amortization for tax purposes and not book purposes of our indefinite-lived intangible assets, we expect to continue to generate deferred tax liabilities in future periods exclusive of any impairment losses in future periods. These deferred tax liabilities and net operating loss carryforwards result in differences between our provision for income tax and cash paid for taxes. We review and reevaluate uncertain tax positions on a quarterly basis. Changes in assumptions may result in the recognition of a tax benefit or an additional charge to the tax provision. Valuation Allowance (Deferred Taxes) For financial reporting purposes, we recorded a valuation allowance of $28.4 million as of December 31, 2020 to offset $28.4 million of the deferred tax assets related to the federal net operating loss carryforwards, and $19.7 million of the deferred tax assets related to state net operating loss carryforwards of $15.7 million and other financial statement accrual assets of $4.0 million, for a total valuation allowance of $48.1 million for the year ended December 31, 2020.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 14. COMMITMENTS AND CONTINGENCIES We enter into various agreements in the normal course of business that contain minimum guarantees. Minimum guarantees are typically tied to future events, such as future revenue earned in excess of the contractual level. Accordingly, the fair value of these arrangements is zero. We may record contingent earn-out earn-out earn-out earn-out earn-out earn-out earn-out We and our subsidiaries, incident to our business activities, are parties to a number of legal proceedings, lawsuits, arbitration and other claims. Such matters are subject to many uncertainties and outcomes that are not predictable with assurance. We evaluate claims based on what we believe to be both probable and reasonably estimable. We maintain insurance that may provide coverage for such matters. Consequently, we are unable to ascertain the ultimate aggregate amount of monetary liability or the financial impact with respect to these matters. We believe, at this time, that the final resolution of these matters, individually and in the aggregate, will not have a material adverse effect upon our condensed consolidated financial position, results of operations or cash flows.

Stock Incentive Plan

Stock Incentive Plan	9 Months Ended
	Sep. 30, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentive Plan	NOTE 15. STOCK INCENTIVE PLAN Our Amended and Restated 1999 Stock Incentive Plan (the “Plan”) provides for grants of equity-based awards to employees, non-employee 10b5-1 pre-established We recognize non-cash Compensation—Stock Compensation six- Three Months Ended September 30, Nine Months Ended September 30, 2020 2021 2020 2021 (Dollars in thousands) (Dollars in thousands) Stock option compensation expense included in unallocated corporate $ 30 $ 23 $ 122 $ 75 Stock option compensation expense included in broadcast operating 32 31 106 92 Stock option compensation expense included in digital media operating 12 24 44 73 Stock option compensation expense included in publishing operating — — 1 — Total stock-based compensation expense, pre-tax $ 74 $ 78 $ 273 $ 240 Tax expense for stock-based compensation expense (19 ) (20 ) (71 ) (62 ) Total stock-based compensation expense, net of tax $ 55 $ 58 $ 202 $ 178 Stock Option and Restricted Stock Grants Eligible employees may receive incentive and non-qualified The Plan also allows for awards of restricted stock that contain transfer restrictions under which they cannot be sold, pledged, transferred or assigned until the period specified in the award, generally from one The fair value of each award is estimated as of the date of the grant using the Black-Scholes valuation model. The expected volatility reflects the consideration of the historical volatility of our common stock as determined by the closing price over a six ten-year The weighted-average assumptions used to estimate the fair value of the stock options using the Black-Scholes valuation model were as follows for the three- and nine-month periods ended September 30, 2021 and 2020: Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, 2020 September 30, 2020 September 30, 2021 September 30, 2021 Expected volatility n/a 53.96 % 79.99 % 75.98 % Expected dividends n/a 7.30 % 0.00 % 0.00 % Expected term (in years) n/a 7.6 8.0 7.8 Risk-free interest rate n/a 1.14 % 1.27 1.03 % Activity with respect to the company’s option awards during the nine-month period ended September 30, 2021 is as follows: Options Shares Weighted Weighted Average Weighted Average Aggregate (Dollars in thousands, except weighted average exercise price and weighted average grant date fair value) Outstanding at January 1, 2021 2,291,020 $ 3.23 $ 1.52 4.3 years $ — Granted 270,000 2.14 1.55 — Exercised (192,507 ) 2.11 0.97 200 Forfeited or expired (157,446 ) 6.73 4.74 — Outstanding at September 30, 2021 2,211,067 $ 2.95 $ 1.34 4.4 years $ 2,484 Exercisable at September 30, 2021 1,209,942 $ 3.84 $ 1.75 2.6 years $ 640 Expected to Vest 950,568 $ 2.97 $ 1.35 4.3 years $ 2,391 Activity with respect to the company’s restricted stock awards during the nine-month period ended September 30, 2021 is as follows: Restricted Stock Awards Shares Weighted Average Weighted Average Aggregate (Dollars in thousands, except weighted average exercise price and weighted average Outstanding at January 1, 2021 107,990 $ 1.85 1.67 years $ 112 Granted — — — — Lapsed (41,323 ) 2.42 — 100 Forfeited — — — — Outstanding at September 30, 2021 66,667 $ 1.50 0.02 years $ 247 The aggregate intrinsic value represents the difference between the company’s closing stock price on September 30, 2021 of $3.71 and the option exercise price of the shares for stock options that were in the money, multiplied by the number of shares underlying such options. The total fair value of options vested during the periods ended September 30, 2021 and 2020 was $0.3 million and $0.4 million, respectively. As of September 30, 2021, there was $22,000 of total unrecognized compensation cost related to non-vested

Equity Transactions

Equity Transactions	9 Months Ended
	Sep. 30, 2021
Federal Home Loan Banks [Abstract]
Equity Transactions	NOTE 16. EQUITY TRANSACTIONS In April 2021, we filed a prospectus supplement to our shelf registration statement on Form S-3 at-the-market We account for stock-based compensation expense in accordance with FASB ASC Topic 718, “ Compensation-Stock Compensation non-cash paid-in non-cash paid-in Our dividend policy is based upon our Board of Directors’ current assessment of our business and the environment in which we operate. The declaration of any future distributions and the establishment of the per share amount, record dates, and payment dates are subject to final determination by our Board of Directors and dependent upon future earnings, cash flows, financial and legal requirements, and other factors. On May 6, 2020, our Board of Directors voted to discontinue equity distributions until further notice due to the adverse economic impact of the COVID-19

Segment Data

Segment Data	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Data	NOTE 17. SEGMENT DATA FASB ASC Topic 280, “ Segment Reporting We measure and evaluate our operating segments based on operating income and operating expenses that do not include allocations of costs related to corporate functions, such as accounting and finance, human resources, legal, tax and treasury, which are reported as unallocated corporate expenses in our condensed consolidated statements of operations included in this quarterly report on Form 10-Q. Segment performance, as defined by Salem, is not necessarily comparable to other similarly titled captions of other companies. Broadcasting Our foundational business is radio broadcasting, which includes the ownership and operation of radio stations in large metropolitan markets. Our broadcasting segment includes our national networks and national sales firms. National companies often prefer to advertise across the United States as an efficient and cost-effective way to reach their target audiences. Our national platform under which we offer radio airtime, digital campaigns and print advertisements can benefit national companies by reaching audiences throughout the United States. Salem Radio Network TM TM TM TM TM TM TM TM Salem Media Representatives (“SMR”) is our national advertising sales firm with offices in 12 U.S. cities. SMR specializes in placing national advertising on Christian and talk formatted radio stations as well as other commercial radio station formats. SMR sells commercial airtime to national advertisers on our radio stations and through our networks, as well as for independent radio station affiliates. SMR also contracts with independent radio stations to create custom advertising campaigns for national advertisers to reach multiple markets. Salem Surround, our multimedia advertising agency with locations in 33 markets across the United States, offers a comprehensive suite of digital marketing services to develop and execute audience-based marketing strategies for clients on both the national and local level. Salem Surround specializes in digital marketing services for each of our radio stations and websites as well as provides a full-service digital marketing strategy for each of our clients. Digital Media Our digital media-based businesses provide Christian, conservative, investing content, e-commerce, ® ® ™ ™ ® ® ™ ® ® non-individualized Our church e-commerce ™ ™ Our web content is accessible through all of our radio station websites that feature content of interest to local audiences throughout the United States. Publishing Our publishing operating segment includes three businesses: (1) Regnery ® The table below presents financial information for each operating segment as of September 30, 2021 and 2020 based on the composition of our operating segments: Broadcast Digital Publishing Unallocated Consolidated (Dollars in thousands) Three Months Ended September 30, 2021 Net revenue $ 49,591 $ 10,645 $ 5,747 $ — $ 65,983 Operating expenses 37,463 8,269 5,213 4,284 55,229 Net operating income (loss) before depreciation, amortization, and net (gain) loss $ 12,128 $ 2,376 $ 534 $ (4,284 ) $ 10,754 Debt modification costs — — — 2,347 2,347 Depreciation 1,539 965 43 241 2,788 Amortization 4 375 48 — 427 Net (gain) loss on the disposition of assets (10,505 ) (148 ) 22 24 (10,607 ) Net operating income (loss) $ 21,090 $ 1,184 $ 421 $ (6,896 ) $ 15,799 Three Months Ended September 30, 2020 Net revenue $ 45,391 $ 9,808 $ 5,442 $ — $ 60,641 Operating expenses 34,283 7,144 5,814 3,849 51,090 Net operating income (loss) before depreciation, amortization, change in the earn-out $ 11,108 $ 2,664 $ (372 ) $ (3,849 ) $ 9,551 Depreciation 1,626 746 70 235 2,677 Amortization 4 537 210 — 751 Change in the estimated fair value of contingent earn-out — (10 ) — — (10 ) Net (gain) loss on the disposition of assets 1,380 — 1 — 1,381 Net operating income (loss) $ 8,098 $ 1,391 $ (653 ) $ (4,084 ) $ 4,752 Broadcast Digital Publishing Unallocated Consolidated (Dollars in thousands) Nine Months Ended September 30, 2021 Net revenue $ 140,422 $ 30,603 $ 18,093 $ — $ 189,118 Operating expenses 106,968 25,280 16,844 12,764 161,856 Net operating income (loss) before depreciation, amortization, change in the earn-out $ 33,454 $ 5,323 $ 1,249 $ (12,764 ) $ 27,262 Debt modification costs — — — 2,347 2,347 Depreciation 4,667 2,606 134 711 8,118 Amortization 12 1,204 337 — 1,553 Net (gain) loss on the disposition of assets (10,187 ) (83 ) (306 ) 24 (10,552 ) Net operating income (loss) $ 38,962 $ 1,596 $ 1,084 $ (15,846 ) $ 25,796 Nine Months Ended September 30, 2020 Net revenue $ 130,041 $ 28,355 $ 13,366 $ — $ 171,762 Operating expenses 104,704 23,123 16,443 11,909 156,179 Net operating income (loss) before depreciation, amortization, change in the earn-out $ 25,337 $ 5,232 $ (3,077 ) $ (11,909 ) $ 15,583 Depreciation 4,912 2,284 212 700 8,108 Amortization 18 1,928 631 1 2,578 Change in the estimated fair value of contingent earn-out — (12 ) — — (12 ) Impairment of indefinite-lived long-term assets other than goodwill 16,994 — 260 — 17,254 Impairment of goodwill 184 10 105 8 307 Net (gain) loss on the disposition of assets 1,489 — 1 4 1,494 Net operating income (loss) $ 1,740 $ 1,022 $ (4,286 ) $ (12,622 ) $ (14,146 ) Broadcast Digital Publishing Unallocated Consolidated (Dollars in thousands) As of September 30, 2021 Inventories, net $ — $ — $ 907 $ — $ 907 Property and equipment, net 60,502 8,619 723 8,581 78,425 Broadcast licenses 320,008 — — — 320,008 Goodwill 2,750 19,790 1,446 — 23,986 Amortizable intangible assets, net 233 2,552 — — 2,785 As of December 31, 2020 Inventories, net $ — $ — $ 495 $ — $ 495 Property and equipment, net 64,231 6,221 741 7,929 79,122 Broadcast licenses 319,773 — — — 319,773 Goodwill 2,746 19,565 1,446 — 23,757 Amortizable intangible assets, net 246 3,434 337 — 4,017

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 18. SUBSEQUENT EVENTS The following additional repurchases of the 2024 Notes were made after September 30, 2021: Date Principal Cash % of Face Bond Issue Net Loss (Dollars in thousands) October 25, 2021 $ 2,000 $ 2,020 101.00 % $ 19 $ 39 October 12, 2021 250 251 100.38 % 2 3 October 5, 2021 763 766 100.38 % 7 10 October 4, 2021 628 629 100.13 % 6 7 $ 3,641 $ 3,666 $ 34 59 Subsequent events reflect all applicable transactions through the date of the filing.

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Business	Business Salem Media Group, Inc. (“Salem,” “we,” “us,” “our” or the “company”) is a domestic multimedia company specializing in Christian and conservative content. Our media properties include radio broadcasting, digital media, and publishing entities. We have three operating segments: (1) Broadcast, (2) Digital Media, and (3) Publishing, which are discussed in Note 17 – Segment Data.
Impact Of The COVID19 Pandemic	Impact of the COVID-19 The COVID-19 stay-at-home While we see progress being made in revenue returning to pre-pandemic COVID-19 right-of-use assets. During 2020 we implemented several measures to reduce costs and conserve cash to ensure that we had adequate cash to meet our debt servicing requirements, including: • limiting capital expenditures; • reducing discretionary spending, including travel and entertainment; • eliminating open positions and freezing new hires; • reducing staffing levels; • implementing temporary company-wide pay cuts of 5%, 7.5% or 10% depending on salary level; • furloughing certain employees; • temporarily suspending the company 401(k) match; • requesting rent concessions from landlords; • requesting discounts from vendors; • offering early payment discounts to certain customers in exchange for advance cash payments; and • suspending the payment of distributions on our common stock indefinitely. As the economy continues to show signs of recovery, many of these cost reduction initiatives were reversed during 2021. We continue to operate with lower staffing levels, we have not reinstated the company 401(k) match and we have not paid equity distributions on our common stock. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law on March 27, 2020. The CARES Act provided emergency economic assistance for individuals and businesses impacted by the COVID-19 • we deferred $3.3 million of employer FICA taxes from April 2020 through December 2020, with 50% payable in December 2021 recorded in accrued compensation and related expenses and 50% payable in December 2022 recorded in other long-term liabilities; • relaxation of interest expense deduction limitation for income tax purposes; • we received Paycheck Protection Program (“PPP”) loans of $11.2 million in total during the first quarter of 2021 through the Small Business Association (“SBA”) based on the eligibility as determined on a per-location • In July 2021, the SBA forgave all but $20,000 of the PPP loans, with the remaining PPP loan repaid in July 2021.
Basis Of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements of Salem include the company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. Information with respect to the three and nine months ended September 30, 2021 and 2020 is unaudited. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. 10-K The balance sheet at December 31, 2020 included in this report has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP. Certain reclassifications have been made to the prior year financial statements to conform to the presentation in the current year, which had no impact on the previously reported financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results can be materially different from these estimates and assumptions. Significant areas for which management uses estimates include: • revenue recognition; • asset impairments, including broadcasting licenses, goodwill and other indefinite-lived intangible assets; • probabilities associated with the potential for contingent earn-out • fair value measurements; • contingency reserves; • allowance for doubtful accounts; • sales returns and allowances; • barter transactions; • inventory obsolescence; • reserves for royalty advances; • fair value of equity awards; • self-insurance reserves; • estimated lives for tangible and intangible assets; • assessment of contract-based factors, asset-based factors, entity-based factors and market-based factors to determine the lease term impacting Right-Of-Use • determining the Incremental Borrowing Rate (“IBR”) for calculating ROU assets and lease liabilities,
Recent Accounting Pronouncements	Recent Accounting Pronouncements All new accounting pronouncements that are in effect that may impact our financial statements have been implemented. We do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position, results of operations or cash flows .

Recent Transactions (Tables)

Recent Transactions (Tables)	9 Months Ended
	Sep. 30, 2021
Schedule of Business Acquisitions	A summary of our business acquisitions and asset purchases during the nine-month period ending September 30, 2021, none of which were individually or in the aggregate material to our consolidated financial position as of the respective date of acquisition, is as follows: Acquisition Date Description Total Consideration (Dollars in thousands) July 2, 2021 SeniorResource.com (asset acquisition) $ 80 July 1, 2021 ShiftWorship.com (business acquisition) 2,600 June 1, 2021 KDIA-AM KDYA-AM 600 April 28, 2021 Centerline New Media (business acquisition) 1,300 March 8, 2021 Triple Threat Trader (asset acquisition) 127 $ 4,707
Disclosure Details Of Purchase Consideration Business Combination	The total purchase price consideration for our business acquisitions and asset purchases the nine-month period ending September 30, 2021, is as follows: Description Total Consideration (Dollars in thousands) Cash payments made upon closing $ 4,580 Deferred payments 116 Present value of estimated fair value of contingent earn-out 11 Total purchase price consideration $ 4,707
Fair value of the net assets acquired	Differences between the preliminary and final valuation could be substantially different from the initial estimate. Net Broadcast Net Digital Total (Dollars in thousands) Assets Property and equipment $ 361 $ 3,221 $ 3,582 Broadcast licenses 235 — 235 Goodwill 4 225 229 Customer lists and contracts — 789 789 Domain and brand names — 66 66 $ 600 $ 4,301 $ 4,901 Liabilities Contract liabilities, short-term — (194 ) (194 ) $ 600 $ 4,107 $ 4,707

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following table presents our revenues disaggregated by revenue source for each of our operating segments: Nine Months Ended September 30, 2021 Broadcast Digital Media Publishing Consolidated (Dollars in thousands) By Source of Revenue: Block Programming – National $ 35,824 $ — $ — $ 35,824 Block Programming – Local 18,072 — — 18,072 Spot Advertising – National 10,565 — — 10,565 Spot Advertising – Local 30,123 — — 30,123 Infomercials 682 — — 682 Network 14,729 — — 14,729 Digital Advertising 18,415 13,859 132 32,406 Digital Streaming 3,559 2,579 — 6,138 Digital Downloads and eBooks 509 4,637 1,294 6,440 Subscriptions 828 9,227 262 10,317 Book Sales and e-commerce, 289 163 10,851 11,303 Self-Publishing Fees — — 4,730 4,730 Print Advertising 2 — 123 125 Other Revenues 6,825 138 701 7,664 $ 140,422 $ 30,603 $ 18,093 $ 189,118 Timing of Revenue Recognition Point in Time $ 138,540 $ 30,603 $ 18,093 $ 187,236 Rental Income (1) 1,882 — — 1,882 $ 140,422 $ 30,603 $ 18,093 $ 189,118 Nine Months Ended September 30, 2020 Broadcast Digital Media Publishing Consolidated (Dollars in thousands) By Source of Revenue: Block Programming – National $ 35,536 $ — $ — $ 35,536 Block Programming – Local 18,211 — — 18,211 Spot Advertising – National 10,179 — — 10,179 Spot Advertising – Local 28,630 — — 28,630 Infomercials 750 — — 750 Network 13,505 — — 13,505 Digital Advertising 10,676 14,473 216 25,365 Digital Streaming 1,981 2,611 — 4,592 Digital Downloads and eBooks 3,049 4,291 960 8,300 Subscriptions 868 6,679 519 8,066 Book Sales and e-commerce, 1,128 108 6,849 8,085 Self-Publishing Fees — — 3,860 3,860 Print Advertising 1 — 278 279 Other Revenues 5,527 193 684 6,404 $ 130,041 $ 28,355 $ 13,366 $ 171,762 Timing of Revenue Recognition Point in Time $ 128,157 $ 28,319 $ 13,366 $ 169,842 Rental Income (1) 1,884 36 — 1,920 $ 130,041 $ 28,355 $ 13,366 $ 171,762 (1) Rental income is not applicable to FASB ASC Topic 606, but shown for the purpose of identifying each revenue source presented in total revenue on our Condensed Consolidated Financial Statements within this report on Form 10-Q.
Trade and Barter Transactions Expenses	Trade and barter revenues and expenses were as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (Dollars in thousands) Net broadcast barter revenue $ 444 $ 582 $ 2,118 $ 1,647 Net digital media barter revenue — — — — Net publishing barter revenue 3 — 34 — Net broadcast barter expense $ 413 $ 619 $ 1,971 $ 1,704 Net digital media barter expense — — — — Net publishing barter expense — (2 ) — (5 )
Significant Changes in Our Contract Liabilities	Significant changes in our contract liabilities balances during the period are as follows: Short-Term Long-Term (Dollars in thousands) Balance, beginning of period January 1, 2021 $ 11,652 $ 1,869 Revenue recognized during the period that was included in the beginning balance (7,770 ) — Additional amounts recognized during the period 19,742 883 Revenue recognized during the period that was recorded during the period (12,734 ) — Transfers 671 (671 ) Balance, end of period September 30, 2021 $ 11,561 $ 2,081 Amount refundable at beginning of period $ 11,607 $ 1,869 Amount refundable at end of period $ 11,549 $ 2,081
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	We expect to satisfy these performance obligations as follows: Amount For the Twelve Months Ended September 30, (Dollars in thousands) 20 22 $ 11,561 20 23 979 20 24 787 20 25 238 20 26 77 There after — $ 13,642

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Summary of Categories of Property and Equipment	The following is a summary of the categories of our property and equipment: December 31, 2020 September 30, 2021 (Dollars in thousands) Buildings $ 28,922 $ 28,567 Office furnishings and equipment 36,875 36,592 Antennae, towers and transmitting equipment 78,057 77,543 Studio, production, and mobile equipment 29,023 29,333 Computer software and website development costs 33,928 38,272 Record and tape libraries 17 — Automobiles 1,514 1,492 Leasehold improvements 18,187 18,703 $ 226,523 $ 230,502 Less accumulated depreciation (180,336 ) (185,127 ) 46,187 45,375 Land $ 30,254 $ 27,040 Construction-in-progress 2,681 6,010 $ 79,122 $ 78,425

Operating and Finance Lease R_2

Operating and Finance Lease Right-of-Use Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases is as follows: September 30, 2021 (Dollars in thousands) Operating Leases Related Party Other Total Operating leases ROU assets $ 6,303 $ 37,797 $ 44,100 Operating lease liabilities (current) $ 1,004 $ 7,600 $ 8,604 Operating lease liabilities (non-current) 5,479 37,701 43,180 Total operating lease liabilities $ 6,483 $ 45,301 $ 51,784 Weighted Average Remaining Lease Term Operating leases 7.8 years Finance leases 2.9 years Weighted Average Discount Rate Operating leases 7.98 % Finance leases 5.74 %
Components of Lease Expense	The components of lease expense were as follows: Nine Months Ended September 30, 2021 (Dollars in thousands) Amortization of finance lease ROU Assets $ 48 Interest on finance lease liabilities 6 Finance lease expense 54 Operating lease expense 9,656 Variable lease expense 430 Short-term lease expense 444 Total lease expense $ 10,584
Schedule of other information related to leases	Supplemental cash flow information related to leases was as Nine Months Ended September 30, 2021 (Dollars in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,403 Operating cash flows from finance leases 4 Financing cash flows from finance leases 48 Leased assets obtained in exchange for new operating lease liabilities $ 3,466 Leased assets obtained in exchange for new finance lease liabilities 17
Schedule of Future Minimum Lease Payments Based on Former Accounting Guidance	Future minimum lease payments under leases that had initial or remaining non-cancelable Operating Leases Related Party Other Total Finance Leases Total (Dollars in thousands) 2021 (Oct-Dec) $ 1,505 $ 10,789 $ 12,294 $ 66 $ 12,360 2022 1,370 10,908 12,278 47 12,325 2023 1,070 8,533 9,603 24 9,627 2024 1,021 6,890 7,911 10 7,921 2025 1,089 5,640 6,729 1 6,730 Thereafter 3,293 22,222 25,515 — 25,515 Undiscounted Cash Flows $ 9,348 $ 64,982 $ 74,330 $ 148 $ 74,478 Less: imputed interest (2,865 ) (19,681 ) (22,546 ) (10 ) (22,556 ) Total $ 6,483 $ 45,301 $ 51,784 $ 138 $ 51,922 Reconciliation to lease liabilities: Lease liabilities – current $ 1,004 $ 7,600 $ 8,604 $ 59 $ 8,663 Lease liabilities – long-term 5,479 37,701 43,180 79 43,259 Total Lease Liabilities $ 6,483 $ 45,301 $ 51,784 $ 138 $ 51,922

Broadcast Licenses (Tables)

Broadcast Licenses (Tables)	9 Months Ended
	Sep. 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Schedule of Changes in Broadcasting Licenses	The following table presents the changes in broadcasting licenses including acquisitions and divestitures of radio stations and FM Twelve Months Ended Nine Months Ended September 30, 2021 (Dollars in thousands) Balance before cumulative loss on impairment, $ 435,300 $ 434,209 Accumulated loss on impairment, beginning of (97,442 ) (114,436 ) Balance after cumulative loss on impairment, beginning 337,858 319,773 Acquisitions of radio stations — 235 Dispositions of radio stations (1,091 ) — Impairments based on the estimated fair value of (16,994 ) — Balance, end of period after cumulative loss on $ 319,773 $ 320,008 Balance, end of period before cumulative loss on $ 434,209 $ 434,444 Accumulated loss on impairment, end of period (114,436 ) (114,436 ) Balance, end of period after cumulative loss on $ 319,773 $ 320,008

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2021
Schedule of Changes in Goodwill	The following table presents the changes in goodwill including business acquisitions and dispositions as discussed in Note 3 of our Condensed Consolidated Financial Statements. Goodwill Twelve Months Ended Nine Months Ended (Dollars in thousands) Balance, beginning of period before cumulative loss $ 28,454 $ 28,520 Accumulated loss on impairment (4,456 ) (4,763 ) Balance, beginning of period after cumulative loss on 23,998 23,757 Acquisitions of radio stations 66 4 Acquisitions of digital media entities — 225 Impairments based on the estimated fair value (307 ) — Ending period balance $ 23,757 $ 23,986 Balance, end of period before cumulative loss on 28,520 28,749 Accumulated loss on impairment (4,763 ) (4,763 ) Ending period balance $ 23,757 $ 23,986

Amortizable Intangible Assets (

Amortizable Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Significant Classes of Amortizable Intangible Assets	The following tables provide a summary of our significant classes of amortizable intangible assets: September 30, 2021 Accumulated Cost Amortization Net (Dollars in thousands) Customer lists and contracts $ 23,700 $ (21,987 ) $ 1,713 Domain and brand names 19,875 (19,340 ) 535 Favorable and assigned leases 2,188 (1,955 ) 233 Subscriber base and lists 8,647 (8,343 ) 304 Author relationships 2,771 (2,771 ) — Non-compete 2,041 (2,041 ) — Other amortizable intangible assets 1,332 (1,332 ) — $ 60,554 $ (57,769 ) $ 2,785 December 31, 2020 Accumulated Cost Amortization Net (Dollars in thousands) Customer lists and contracts $ 24,012 $ (22,533 ) $ 1,479 Domain and brand names 20,350 (19,127 ) 1,223 Favorable and assigned leases 2,188 (1,943 ) 245 Subscriber base and lists 9,886 (8,974 ) 912 Author relationships 2,771 (2,765 ) 6 Non-compete 2,041 (1,954 ) 87 Other amortizable intangible assets 1,666 (1,601 ) 65 $ 62,914 $ (58,897 ) $ 4,017
Amortizable Intangible Assets, Estimate Amortization Expense	Based on the amortizable intangible assets as of September 30, 2021, we estimate amortization expense for the next five years to be as follows: Year Ended December 31, Amortization Expense (Dollars in thousands) 2021 (Oct – Dec) $ 341 2022 1,219 2023 796 2024 205 2025 21 Thereafter 203 Total $ 2,785

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following: December 31, 2020 September 30, 2021 (Dollars in thousands) 7.125% Senior Secured Notes $ — $ 114,731 Less unamortized discount and debt issuance costs based on imputed interest rate of 7.64% — (4,048 ) 7.125% Senior Secured Notes net carrying value — 110,683 6.75% Senior Secured Notes 216,341 98,815 Less unamortized debt issuance costs based on imputed interest rate of 7.10% (2,577 ) (939 ) 6.75% Senior Secured Notes net carrying value 213,764 97,876 Asset-Based Revolving Credit Facility principal 5,000 — SBA Paycheck Protection Program loans — — Long-term debt less unamortized discount and debt issuance costs $ 218,764 $ 208,559 Less current portion (5,000 ) — Long-term debt less unamortized discount and debt issuance costs, net of current portion $ 213,764 $ 208,559
Principle Repayment Requirements Under Long Term Agreements Outstanding	Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2021 for each of the next five years and thereafter are as follows: Amount For the Year Ended September 30, (Dollars in thousands) 2022 $ — 2023 — 2024 98,815 2025 — 2026 — Thereafter 114,731 $ 213,546

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities Measured at Fair Value	The following table summarizes the fair value of our financial assets and liabilities that are measured at fair value: September 30, 2021 Carrying Value on Fair Value Measurement Category Level 1 Level 2 Level 3 (Dollars in thousands) Liabilities: Estimated fair value of contingent earn-out $ 11 — — $ 11 Long-term debt less unamortized discount and debt issuance costs 208,559 — 208,314 —

Stock Incentive Plan (Tables)

Stock Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-Based Compensation Expense Recognized	The following table reflects the components of stock-based compensation expense recognized in the Condensed Consolidated Statements of Operations for the three- and six- Three Months Ended September 30, Nine Months Ended September 30, 2020 2021 2020 2021 (Dollars in thousands) (Dollars in thousands) Stock option compensation expense included in unallocated corporate $ 30 $ 23 $ 122 $ 75 Stock option compensation expense included in broadcast operating 32 31 106 92 Stock option compensation expense included in digital media operating 12 24 44 73 Stock option compensation expense included in publishing operating — — 1 — Total stock-based compensation expense, pre-tax $ 74 $ 78 $ 273 $ 240 Tax expense for stock-based compensation expense (19 ) (20 ) (71 ) (62 ) Total stock-based compensation expense, net of tax $ 55 $ 58 $ 202 $ 178
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options and Restricted Stock Awards using Black-Scholes Option Valuation Model	The weighted-average assumptions used to estimate the fair value of the stock options using the Black-Scholes valuation model were as follows for the three- and nine-month periods ended September 30, 2021 and 2020: Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, 2020 September 30, 2020 September 30, 2021 September 30, 2021 Expected volatility n/a 53.96 % 79.99 % 75.98 % Expected dividends n/a 7.30 % 0.00 % 0.00 % Expected term (in years) n/a 7.6 8.0 7.8 Risk-free interest rate n/a 1.14 % 1.27 1.03 %
Schedule of Stock Option Activity	Activity with respect to the company’s option awards during the nine-month period ended September 30, 2021 is as follows: Options Shares Weighted Weighted Average Weighted Average Aggregate (Dollars in thousands, except weighted average exercise price and weighted average grant date fair value) Outstanding at January 1, 2021 2,291,020 $ 3.23 $ 1.52 4.3 years $ — Granted 270,000 2.14 1.55 — Exercised (192,507 ) 2.11 0.97 200 Forfeited or expired (157,446 ) 6.73 4.74 — Outstanding at September 30, 2021 2,211,067 $ 2.95 $ 1.34 4.4 years $ 2,484 Exercisable at September 30, 2021 1,209,942 $ 3.84 $ 1.75 2.6 years $ 640 Expected to Vest 950,568 $ 2.97 $ 1.35 4.3 years $ 2,391
Schedule of Information Regarding Restricted Stock Activity	Activity with respect to the company’s restricted stock awards during the nine-month period ended September 30, 2021 is as follows: Restricted Stock Awards Shares Weighted Average Weighted Average Aggregate (Dollars in thousands, except weighted average exercise price and weighted average Outstanding at January 1, 2021 107,990 $ 1.85 1.67 years $ 112 Granted — — — — Lapsed (41,323 ) 2.42 — 100 Forfeited — — — — Outstanding at September 30, 2021 66,667 $ 1.50 0.02 years $ 247

Segment Data (Tables)

Segment Data (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Data	The table below presents financial information for each operating segment as of September 30, 2021 and 2020 based on the composition of our operating segments: Broadcast Digital Publishing Unallocated Consolidated (Dollars in thousands) Three Months Ended September 30, 2021 Net revenue $ 49,591 $ 10,645 $ 5,747 $ — $ 65,983 Operating expenses 37,463 8,269 5,213 4,284 55,229 Net operating income (loss) before depreciation, amortization, and net (gain) loss $ 12,128 $ 2,376 $ 534 $ (4,284 ) $ 10,754 Debt modification costs — — — 2,347 2,347 Depreciation 1,539 965 43 241 2,788 Amortization 4 375 48 — 427 Net (gain) loss on the disposition of assets (10,505 ) (148 ) 22 24 (10,607 ) Net operating income (loss) $ 21,090 $ 1,184 $ 421 $ (6,896 ) $ 15,799 Three Months Ended September 30, 2020 Net revenue $ 45,391 $ 9,808 $ 5,442 $ — $ 60,641 Operating expenses 34,283 7,144 5,814 3,849 51,090 Net operating income (loss) before depreciation, amortization, change in the earn-out $ 11,108 $ 2,664 $ (372 ) $ (3,849 ) $ 9,551 Depreciation 1,626 746 70 235 2,677 Amortization 4 537 210 — 751 Change in the estimated fair value of contingent earn-out — (10 ) — — (10 ) Net (gain) loss on the disposition of assets 1,380 — 1 — 1,381 Net operating income (loss) $ 8,098 $ 1,391 $ (653 ) $ (4,084 ) $ 4,752 Broadcast Digital Publishing Unallocated Consolidated (Dollars in thousands) Nine Months Ended September 30, 2021 Net revenue $ 140,422 $ 30,603 $ 18,093 $ — $ 189,118 Operating expenses 106,968 25,280 16,844 12,764 161,856 Net operating income (loss) before depreciation, amortization, change in the earn-out $ 33,454 $ 5,323 $ 1,249 $ (12,764 ) $ 27,262 Debt modification costs — — — 2,347 2,347 Depreciation 4,667 2,606 134 711 8,118 Amortization 12 1,204 337 — 1,553 Net (gain) loss on the disposition of assets (10,187 ) (83 ) (306 ) 24 (10,552 ) Net operating income (loss) $ 38,962 $ 1,596 $ 1,084 $ (15,846 ) $ 25,796 Nine Months Ended September 30, 2020 Net revenue $ 130,041 $ 28,355 $ 13,366 $ — $ 171,762 Operating expenses 104,704 23,123 16,443 11,909 156,179 Net operating income (loss) before depreciation, amortization, change in the earn-out $ 25,337 $ 5,232 $ (3,077 ) $ (11,909 ) $ 15,583 Depreciation 4,912 2,284 212 700 8,108 Amortization 18 1,928 631 1 2,578 Change in the estimated fair value of contingent earn-out — (12 ) — — (12 ) Impairment of indefinite-lived long-term assets other than goodwill 16,994 — 260 — 17,254 Impairment of goodwill 184 10 105 8 307 Net (gain) loss on the disposition of assets 1,489 — 1 4 1,494 Net operating income (loss) $ 1,740 $ 1,022 $ (4,286 ) $ (12,622 ) $ (14,146 ) Broadcast Digital Publishing Unallocated Consolidated (Dollars in thousands) As of September 30, 2021 Inventories, net $ — $ — $ 907 $ — $ 907 Property and equipment, net 60,502 8,619 723 8,581 78,425 Broadcast licenses 320,008 — — — 320,008 Goodwill 2,750 19,790 1,446 — 23,986 Amortizable intangible assets, net 233 2,552 — — 2,785 As of December 31, 2020 Inventories, net $ — $ — $ 495 $ — $ 495 Property and equipment, net 64,231 6,221 741 7,929 79,122 Broadcast licenses 319,773 — — — 319,773 Goodwill 2,746 19,565 1,446 — 23,757 Amortizable intangible assets, net 246 3,434 337 — 4,017

Subsequent Events (Tables)

Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Summary Of Additional Repurchases of the 2024 Notes	The following additional repurchases of the 2024 Notes were made after September 30, 2021: Date Principal Cash % of Face Bond Issue Net Loss (Dollars in thousands) October 25, 2021 $ 2,000 $ 2,020 101.00 % $ 19 $ 39 October 12, 2021 250 251 100.38 % 2 3 October 5, 2021 763 766 100.38 % 7 10 October 4, 2021 628 629 100.13 % 6 7 $ 3,641 $ 3,666 $ 34 59

Business and Basis of Present_3

Business and Basis of Presentation - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2021Segments	Jul. 31, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Number of operating segments | Segments	3
Payroll taxes, specifically employer				$ 3,300
Payroll Protection Plans [Member]
Long-term Debt, Gross			$ 11,200
Unforgiven loans payable		$ 20,000

Recent Transactions - Debt Tran

Recent Transactions - Debt Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 24, 2021	Sep. 10, 2021	Jul. 31, 2021	Jul. 01, 2021	Feb. 05, 2020	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Principal repurchased		$ 4,700
Cash paid		4,700
Net gain		$ 56
Debt instrument, interest rate		6.75%
Proceeds from Sale of Productive Assets								$ 15,771	$ 188
Debt Issuance Costs, Net			$ 4,200
Debt Conversion, Converted Instrument, Rate	7.125%
Gain (loss) on the early retirement of long-term debt				$ 11,200			$ (56)	(56)	$ 49
PPP Loan [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Debt Instrument, Maturity Date					Jul. 30, 2021
Gain (loss) on the early retirement of long-term debt					$ 11,200
Payroll Protection Plans [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Long-term Debt, Gross										$ 11,200
Unforgiven loans payable				$ 20,000
Local Marketing Agreement [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Debt Instrument, Face Amount	$ 300						300	300
Small Business Association [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Long-term Debt, Gross										$ 11,200
2024 Notes [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Principal repurchased		$ 4,700
Cash paid		4,700
Net gain		$ 56,000
Long-term Debt, Gross	98,800						98,800	98,800
Debt Instrument, Face Amount	$ 112,800		112,800				$ 112,800	112,800
Debt Conversion, Converted Instrument, Amount			112,800					112,800
Debt Issuance Costs, Net			$ 1,100
2028 Notes [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Debt Instrument, Maturity Date			Jun. 1, 2028
Debt Conversion, Converted Instrument, Amount			$ 114,700					114,700
Debt Issuance Costs, Net			3,000
Deferred withdrawn amount			$ 800
Debt Conversion, Converted Instrument, Rate			7.125%
Purchase Obligation			$ 50,000
Percentage of call premium			1.688%
2028 Notes [member] | Operating Expense [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Third party debt modification costs			$ 2,300
Radio Stations [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from Sale of Productive Assets						$ 4,000		$ 3,200

Recent Transactions - Shelf Reg

Recent Transactions - Shelf Registration Statement and At-the-Market Facility - Additional Information (Detail) $ in Millions	Apr. 30, 2021USD ($)
Common Class A [Member]
Shares authorized for sales and issuance	$ 15

Recent Transactions - Acquisiti

Recent Transactions - Acquisitions - Additional Information (Detail) - USD ($)	Jul. 02, 2021	Jul. 01, 2021	Jun. 01, 2021	Apr. 28, 2021	Sep. 30, 2021	Mar. 08, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Asset Acquisition, contingent earnout consideration						$ 11,000,000
Goodwill			$ 200,000		$ 23,986,000		$ 23,757,000	$ 23,998,000
Business combination, recognized identifiable assets acquired and liabilities assumed, contingent liability						$ 100,000
Senior Resource.com [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets	$ 100,000
KDIA AM AND KDYA AM Sanfrancisco California [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses			600,000
Goodwill			$ 4,000
Centerline New Media Domain And Digital Assets [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses				$ 1,300,000
Goodwill				$ 24,000
Shift Worship.com [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 2,600,000

Recent Transactions - Divestitu

Recent Transactions - Divestitures - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 27, 2021	Jul. 23, 2021	May 25, 2021	Mar. 18, 2021	Feb. 05, 2020	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of productive assets								$ 15,771	$ 188
Gain (loss) on disposition of assets							$ 500
Deferred income taxes			$ 400			$ 69,287		$ 69,287		$ 68,883
Local Marketing Agreement [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Debt Instrument, Maturity Date, Description								one year
Hilary Kramer Financial Newsletter [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of property, plant, and equipment	$ 200
Gain (Loss) on Disposition of Property Plant Equipment	$ 100
Thirty Four Acres land [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of property, plant, and equipment		$ 12,100
Gain (Loss) on Disposition of Property Plant Equipment		$ 10,500
Radio Stations [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of productive assets					$ 4,000			$ 3,200
Pretax loss on sale of assets						$ 1,400		$ 400
Radio Stations [member] | FM Translators [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of productive assets				$ 3,500
Singing News Magazine And Singing News Radio [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of productive assets			$ 100

Recent Transactions - Pending T

Recent Transactions - Pending Transactions -Additional Information (Detail) - USD ($) $ in Millions	Aug. 31, 2021	Aug. 23, 2021	Sep. 30, 2021	Sep. 30, 2021	Jun. 07, 2021	Jun. 02, 2021
FL | Agreement Seventy Seven Acres Of Land [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of real estate		$ 13.5
Denver [Member] | Agreement Sell Nine Point Three Acres Of Land [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Proceeds from sale of real estate	$ 8.2
Radio Stations [member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Pretax loss on sale of assets			$ 1.4	$ 0.4
Radio Stations [member] | Maximum [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Pretax loss on sale of assets				$ 1.8
Radio Station KKOL In Seattle [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Escrow Deposit					$ 0.1
Payable for asset acquistion						$ 0.5

Recent Transactions - Disclosur

Recent Transactions - Disclosure Details Of Business Acquistion (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 4,707
SeniorResource.com [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Jul. 2, 2021
Business Acquisition, Description of Acquired Entity	SeniorResource.com (asset acquisition)
Business Combination, Consideration Transferred	$ 80
ShiftWorship.com [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Jul. 1, 2021
Business Acquisition, Description of Acquired Entity	ShiftWorship.com (business acquisition)
Business Combination, Consideration Transferred	$ 2,600
KDIA AM AND KDYA AM Sanfrancisco California [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Jun. 1, 2021
Business Acquisition, Description of Acquired Entity	KDIA-AM and KDYA-AM San Francisco, California (business acquisition)
Business Combination, Consideration Transferred	$ 600
Centerline New Media Domain And Digital Assets [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Apr. 28, 2021
Business Acquisition, Description of Acquired Entity	Centerline New Media (business acquisition)
Business Combination, Consideration Transferred	$ 1,300
Triple Threat Trader [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Mar. 8, 2021
Business Acquisition, Description of Acquired Entity	Triple Threat Trader (asset acquisition)
Business Combination, Consideration Transferred	$ 127

Recent Transactions - Disclosu

Recent Transactions - Disclosure Details Of Purchase Consideration Business Combination (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Business Acquisition [Line Items]
Total purchase price consideration	$ 4,707
Two Thousand And Twenty One Acquistions [Member]
Business Acquisition [Line Items]
Cash payments made upon closing	4,580
Deferred payments	116
Present value of estimated fair value of contingent earn-out consideration	11
Total purchase price consideration	$ 4,707

Recent Transactions - Summary o

Recent Transactions - Summary of Fair Value of the Net Assets Acquired (Details) $ in Thousands	Sep. 30, 2021USD ($)
Assets
Property and equipment	$ 3,582
Broadcast licenses	235
Goodwill	229
Customer lists and contracts	789
Domain and brand names	66
Net assets acquired	4,901
Liabilities
Contract liabilities	(194)
Total purchase price consideration	4,707
Net Broadcast [Member]
Assets
Property and equipment	361
Broadcast licenses	235
Goodwill	4
Customer lists and contracts	0
Domain and brand names	0
Net assets acquired	600
Liabilities
Contract liabilities	0
Total purchase price consideration	600
Net digital media assets acquired [Member]
Assets
Property and equipment	3,221
Broadcast licenses	0
Goodwill	225
Customer lists and contracts	789
Domain and brand names	66
Net assets acquired	4,301
Liabilities
Contract liabilities	(194)
Total purchase price consideration	$ 4,107

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)Segments
Disaggregation of Revenue [Line Items]
Prepaid commission expense | $	$ 0.7
Number of operating segments | Segments	3
Minimum [Member]
Disaggregation of Revenue [Line Items]
Sale of subscription revenue term	3 months
Maximum [Member]
Disaggregation of Revenue [Line Items]
Sale of subscription revenue term	2 years

Revenue Recognition - Reconcili

Revenue Recognition - Reconciliation of Revenue from Segments to Consolidated (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue, Net	$ 65,983	$ 60,641	$ 189,118	$ 171,762
Block Programming—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			35,824	35,536
Block Programming—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			18,072	18,211
Spot Advertising—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			10,565	10,179
Spot Advertising—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			30,123	28,630
Infomercials [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			682	750
Network [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			14,729	13,505
Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			32,406	25,365
Digital Streaming [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			6,138	4,592
Digital Downloads and eBooks [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			6,440	8,300
Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			10,317	8,066
Book Sales and e-commerce, net of estimated sales returns and allowances [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			11,303	8,085
Self-Publishing fees [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			4,730	3,860
Advertising—Print [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			125	279
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			7,664	6,404
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			187,236	169,842
Rental Income [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			1,882	1,920
Broadcast [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			140,422	130,041
Broadcast [Member] | Block Programming—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			35,824	35,536
Broadcast [Member] | Block Programming—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			18,072	18,211
Broadcast [Member] | Spot Advertising—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			10,565	10,179
Broadcast [Member] | Spot Advertising—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			30,123	28,630
Broadcast [Member] | Infomercials [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			682	750
Broadcast [Member] | Network [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			14,729	13,505
Broadcast [Member] | Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			18,415	10,676
Broadcast [Member] | Digital Streaming [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			3,559	1,981
Broadcast [Member] | Digital Downloads and eBooks [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			509	3,049
Broadcast [Member] | Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			828	868
Broadcast [Member] | Book Sales and e-commerce, net of estimated sales returns and allowances [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			289	1,128
Broadcast [Member] | Self-Publishing fees [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Broadcast [Member] | Advertising—Print [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			2	1
Broadcast [Member] | Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			6,825	5,527
Broadcast [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			138,540	128,157
Broadcast [Member] | Rental Income [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			1,882	1,884
Digital [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			30,603	28,355
Digital [Member] | Block Programming—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Block Programming—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Spot Advertising—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Spot Advertising—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Infomercials [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Network [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			13,859	14,473
Digital [Member] | Digital Streaming [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			2,579	2,611
Digital [Member] | Digital Downloads and eBooks [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			4,637	4,291
Digital [Member] | Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			9,227	6,679
Digital [Member] | Book Sales and e-commerce, net of estimated sales returns and allowances [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			163	108
Digital [Member] | Self-Publishing fees [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Advertising—Print [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Digital [Member] | Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			138	193
Digital [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			30,603	28,319
Digital [Member] | Rental Income [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net				36
Publishing [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			18,093	13,366
Publishing [Member] | Block Programming—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Block Programming—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Spot Advertising—National [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Spot Advertising—Local [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Infomercials [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Network [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			132	216
Publishing [Member] | Digital Streaming [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net
Publishing [Member] | Digital Downloads and eBooks [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			1,294	960
Publishing [Member] | Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			262	519
Publishing [Member] | Book Sales and e-commerce, net of estimated sales returns and allowances [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			10,851	6,849
Publishing [Member] | Self-Publishing fees [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			4,730	3,860
Publishing [Member] | Advertising—Print [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			123	278
Publishing [Member] | Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			701	684
Publishing [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net			18,093	$ 13,366
Publishing [Member] | Rental Income [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net

Revenue Recognition - Trade and

Revenue Recognition - Trade and Barter Transactions Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue Recognition [Line Items]
Total net revenue	$ 65,983	$ 60,641	$ 189,118	$ 171,762
Broadcast [Member] | Advertising Barter Transactions [Member]
Revenue Recognition [Line Items]
Total net revenue	582	444	1,647	2,118
Cost	619	413	1,704	1,971
Digital Media [Member]
Revenue Recognition [Line Items]
Total net revenue			30,603	28,355
Digital Media [Member] | Advertising Barter Transactions [Member]
Revenue Recognition [Line Items]
Cost
Publishing [Member]
Revenue Recognition [Line Items]
Total net revenue			18,093	13,366
Publishing [Member] | Advertising Barter Transactions [Member]
Revenue Recognition [Line Items]
Total net revenue		$ 3		$ 34
Cost	$ (2)		$ (5)

Revenue Recognition - Significa

Revenue Recognition - Significant Changes in Our Contract Liabilities (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Change in Contract with Customer, Liability [Abstract]
Short Term, Balance, beginning of period	$ 11,652
Short Term, Revenue recognized during the period that was included in the beginning balance of contract liabilities	(7,770)
Short Term, Additional amounts recognized during the period	19,742
Short Term, Revenue recognized during the period that was recorded during the period	(12,734)
Short Term, Transfers	671
Short Term, Balance, end of period	11,561
Short Term, Amount refundable at beginning of period	11,607
Short Term, Amount refundable at end of period	11,549
Long-Term, Balance, beginning of period	1,869
Long-Term, Revenue recognized during the period that was included in the beginning balance of contract liabilities
Long-Term, Additional amounts recognized during the period	883
Long-Term, Revenue recognized during the period that was recorded during the period
Long-Term, Transfers	(671)
Long-Term, Balance, end of period	2,081
Long-Term, Amount refundable at beginning of period	1,869
Long-Term, Amount refundable at end of period	$ 2,081

Revenue Recognition - Revenue,

Revenue Recognition - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Detail) $ in Thousands	Sep. 30, 2021USD ($)
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 13,642
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 11,561
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	1 month
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 979
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	1 month
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 787
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	1 month
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 238
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	1 month
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 77
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	1 month
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	1 month

Property and Equipment - Summar

Property and Equipment - Summary of Categories of Property and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	$ 230,502	$ 226,523
Less accumulated depreciation	(185,127)	(180,336)
Property, Plant and Equipment Net	45,375	46,187
Property, Plant and Equipment, Net, Total	78,425	79,122
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	27,040	30,254
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	28,567	28,922
Office Furnishings and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	36,592	36,875
Antennae, Towers and Transmitting Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	77,543	78,057
Studio, Production and Mobile Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	29,333	29,023
Computer Software and Website Development Costs [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	38,272	33,928
Record and Tape Libraries [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total		17
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	1,492	1,514
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	18,703	18,187
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	$ 6,010	$ 2,681

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2.7	$ 2.7	$ 8.1	$ 8.1

Operating and Finance Lease R_3

Operating and Finance Lease Right-of-Use Assets - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2021
Operating lease, option to extend	true
Finance lease, option to extend	Many of these leases contain options under which we can extend the term from five to twenty years
Minimum [Member]
Operating lease, remaining lease term	1 year
Operating lease, extension term	5 years
Finance lease, extension term	5 years
Maximum [Member]
Operating lease, remaining lease term	20 years
Operating lease, extension term	20 years
Finance lease, extension term	20 years

Operating and Finance Lease R_4

Operating and Finance Lease Right-of-Use Assets - Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating leases ROU assets	$ 44,100	$ 48,203
Operating lease liabilities (current)	8,604	8,963
Operating lease liabilities (non-current)	43,180	$ 47,740
Total operating lease liabilities	$ 51,784
Weighted Average Remaining Lease Term, Operating leases	7 years 9 months 18 days
Weighted Average Remaining Lease Term, Finance leases	2 years 10 months 24 days
Weighted Average Discount Rate, Operating leases	7.98%
Weighted Average Discount Rate, Finance leases	5.74%
Related Party Lease [Member]
Lessee, Lease, Description [Line Items]
Operating leases ROU assets	$ 6,303
Operating lease liabilities (current)	1,004
Operating lease liabilities (non-current)	5,479
Total operating lease liabilities	6,483
Other Operating Leases [Member]
Lessee, Lease, Description [Line Items]
Operating leases ROU assets	37,797
Operating lease liabilities (current)	7,600
Operating lease liabilities (non-current)	37,701
Total operating lease liabilities	$ 45,301

Operating and Finance Lease R_5

Operating and Finance Lease Right-of-Use Assets - Components of Lease Expense (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Leases [Abstract]
Amortization of finance lease ROU Assets	$ 48
Interest on finance lease liabilities	6
Finance lease expense	54
Operating lease expense	9,656
Variable lease expense	430
Short-term lease expense	444
Total lease expense	$ 10,584

Operating and Finance Lease R_6

Operating and Finance Lease Right-of-Use Assets - Schedule of Impact to Financial Statements of the Adoption of ASU 842 (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 10,403
Operating cash flows from finance leases	4
Financing cash flows from finance leases	48
Leased assets obtained in exchange for new operating lease liabilities	3,466
Leased assets obtained in exchange for new finance lease liabilities	$ 17

Operating and Finance Lease R_7

Operating and Finance Lease Right-of-Use Assets - Summary of Future Lease Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating Leases, 2021	$ 12,294
Operating Leases, 2022	12,278
Operating Leases, 2023	9,603
Operating Leases, 2024	7,911
Operating Leases, 2025	6,729
Operating Leases, Thereafter	25,515
Undiscounted Cash Flows	74,330
Less: imputed interest	(22,546)
Reconciliation to lease liabilities:
Lease liabilities-current	8,604	$ 8,963
Lease liabilities-long-term	43,180	47,740
Total operating lease liabilities	51,784
Finance Leases, 2021	66
Finance Leases, 2022	47
Finance Leases, 2023	24
Finance Leases, 2024	10
Finance Leases, 2025	1
Finance Leases, Undiscounted Cash Flows	148
Less: Finance Leases, imputed interest	(10)
Finance Leases, Reconciliation to lease liabilities:
Finance Leases, Lease liabilities—current	59	60
Finance Leases, Lease liabilities—long-term	79	$ 107
Total Finance Lease Liabilities	138
Contractual Obligations, 2021	12,360
Contractual Obligations, 2022	12,325
Contractual Obligations, 2023	9,627
Contractual Obligations, 2024	7,921
Contractual Obligations, 2025	6,730
Contractual Obligations, Thereafter	25,515
Contractual Obligations, Undiscounted Cash Flows	74,478
Less: Contractual Obligations, imputed interest	(22,556)
Contractual Obligations, Reconciliation to lease liabilities:
Contractual Obligations, Lease liabilities—current	8,663
Contractual Obligations, Lease liabilities—long-term	43,259
Total Contractual Obligations, Lease Liabilities	51,922
Related Party Lease [Member]
Lessee, Lease, Description [Line Items]
Operating Leases, 2021	1,505
Operating Leases, 2022	1,370
Operating Leases, 2023	1,070
Operating Leases, 2024	1,021
Operating Leases, 2025	1,089
Operating Leases, Thereafter	3,293
Undiscounted Cash Flows	9,348
Less: imputed interest	(2,865)
Reconciliation to lease liabilities:
Lease liabilities-current	1,004
Lease liabilities-long-term	5,479
Total operating lease liabilities	6,483
Other Operating Leases [Member]
Lessee, Lease, Description [Line Items]
Operating Leases, 2021	10,789
Operating Leases, 2022	10,908
Operating Leases, 2023	8,533
Operating Leases, 2024	6,890
Operating Leases, 2025	5,640
Operating Leases, Thereafter	22,222
Undiscounted Cash Flows	64,982
Less: imputed interest	(19,681)
Reconciliation to lease liabilities:
Lease liabilities-current	7,600
Lease liabilities-long-term	37,701
Total operating lease liabilities	$ 45,301

Broadcast Licenses - Additional

Broadcast Licenses - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Indefinite-lived Intangible Assets [Line Items]
Impairment charge			$ 17,254
Broadcast Licenses [Member]
Indefinite-lived Intangible Assets [Line Items]
License renewable term		8 years
Impairment charge	$ 0	$ 0

Broadcast Licenses - Schedule o

Broadcast Licenses - Schedule of Changes in Broadcasting Licenses (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Indefinite-lived Intangible Assets [Line Items]
Balance, beginning of period before cumulative loss on impairment	$ 434,209	$ 435,300
Accumulated loss on impairment, Beginning Balance	(114,436)	(97,442)
Balance, beginning of period after cumulative loss on impairment	319,773	337,858
Disposition of radio stations		(1,091)
Impairments based on the estimated fair value of broadcast licenses		(16,994)
Balance, end of period before cumulative loss on impairment	434,444	434,209
Accumulated loss on impairment, Ending Balance	(114,436)	(114,436)
Balance, end of period after cumulative loss on impairment	320,008	$ 319,773
Radio Stations [Member]
Indefinite-lived Intangible Assets [Line Items]
Acquisitions of radio stations	$ 235

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Goodwill [Line Items]
Balance, beginning of period before cumulative loss on impairment		$ 28,520	$ 28,454	$ 28,454
Accumulated loss on impairment		(4,763)	(4,456)	(4,456)
Balance, beginning of period after cumulative loss on impairment		23,757	23,998	23,998
Impairments based on the estimated fair value goodwill	$ 0	0	$ (307)	(307)
Balance, end of period before cumulative loss on impairment	28,749	28,749		28,520
Accumulated loss on impairment	(4,763)	(4,763)		(4,763)
Ending period balance	$ 23,986	23,986		23,757
Radio Stations [Member]
Goodwill [Line Items]
Acquisitions		4		$ 66
Digital Media [Member]
Goodwill [Line Items]
Acquisitions		$ 225

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Impairment of goodwill	$ 0	$ 0	$ 307	$ 307

Amortizable Intangible Assets -

Amortizable Intangible Assets - Summary of Significant Classes of Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Cost	$ 60,554	$ 62,914
Accumulated Amortization	(57,769)	(58,897)
Net	2,785	4,017
Customer Lists and Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	23,700	24,012
Accumulated Amortization	(21,987)	(22,533)
Net	1,713	1,479
Domain and Brand Names [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	19,875	20,350
Accumulated Amortization	(19,340)	(19,127)
Net	535	1,223
Favorable and Assigned Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	2,188	2,188
Accumulated Amortization	(1,955)	(1,943)
Net	233	245
Subscriber Base and Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	8,647	9,886
Accumulated Amortization	(8,343)	(8,974)
Net	304	912
Author Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	2,771	2,771
Accumulated Amortization	(2,771)	(2,765)
Net		6
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	2,041	2,041
Accumulated Amortization	(2,041)	(1,954)
Net		87
Other Amortizable Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	1,332	1,666
Accumulated Amortization	$ (1,332)	(1,601)
Net		$ 65

Amortizable Intangible Assets_2

Amortizable Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Line Items]
Amortization of intangible assets	$ 0.4	$ 0.8	$ 1.5	$ 2.6

Amortizable Intangible Assets_3

Amortizable Intangible Assets - Amortizable Intangible Assets, Estimate Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 341
2022	1,219
2023	796
2024	205
2025	21
Thereafter	203
Net	$ 2,785	$ 4,017

Long-Term Debt - 7.125% Senior

Long-Term Debt - 7.125% Senior Secured Notes - Additional Information (Detail) - USD ($)	Sep. 30, 2021	Sep. 10, 2021	Sep. 30, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Debt Conversion, Converted Instrument, Rate	7.125%
Accrued interest	$ 2,750,000		$ 2,750,000	$ 1,225,000
Debt related commitment fees and debt issuance costs			6,300,000
Debt Issuance Costs, Net		$ 4,200,000
2024 Notes [member]
Line of Credit Facility [Line Items]
Debt Instrument, Debt Default, Amount		112,800,000
Debt Conversion, Converted Instrument, Amount		112,800,000	112,800,000
Interest expense, debt			6,600,000
Accrued interest	2,300,000		2,300,000
Debt Issuance Costs, Net		1,100,000
2028 Notes [member]
Line of Credit Facility [Line Items]
Debt Conversion, Converted Instrument, Amount		$ 114,700,000	114,700,000
Debt Conversion, Converted Instrument, Rate		7.125%
Debt Instrument, Maturity Date		Jun. 1, 2028
Debt Instrument, Payment Terms		Interest accrues on the 2028 Notes from September 10, 2021 and is payable semi-annually, in cash in arrears, on June 1 and December 1 of each year, commencing December 1, 2021.
Debt Instrument, Frequency of Periodic Payment		semi-annually
Interest expense, debt		$ 8,200
Accrued interest	$ 500		$ 500
Debt Issuance Costs, Net		3,000,000
Purchase Obligation		$ 50,000,000
Percentage of call premium		1.688%
Deferred withdrawn amount		$ 800,000
2028 Notes [member] | Operating Expense [Member]
Line of Credit Facility [Line Items]
Third party debt modification costs		$ 2,300,000
2028 Notes [member] | Debt Instrument Redemption Period Two [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		7.125%
Debt instrument, redemption price, percentage of principal amount redeemed		100.00%
2028 Notes [member] | Debt Instrument Redemption Period Three [Member]
Line of Credit Facility [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed		107.125%
Debt Instrument, Redemption , Percentage		35.00%
2028 Notes [member] | Debt Instrument, Redemption, Period Four [Member]
Line of Credit Facility [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed		101.00%
Debt Instrument, Redemption , Percentage		10.00%
7.125% Senior Secured Notes [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.125%		7.125%
Debt related commitment fees and debt issuance costs		$ 1,100,000
Debt Issuance Costs, Net		4,200,000
7.125% Senior Secured Notes [Member] | 2024 Notes [member]
Line of Credit Facility [Line Items]
Debt related commitment fees and debt issuance costs		3,000,000
7.125% Senior Secured Notes [Member] | 2028 Notes [member] | Operating Expense [Member]
Line of Credit Facility [Line Items]
Third party debt modification costs		$ 2,300,000

Long-Term Debt - 6.75% Senior S

Long-Term Debt - 6.75% Senior Secured Notes - Additional Information (Detail) - USD ($)	Sep. 24, 2021	Sep. 10, 2021	Jul. 31, 2021	Jul. 01, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	May 19, 2017
Debt Instrument [Line Items]
Interest payable, current					$ 2,750,000		$ 2,750,000			$ 1,225,000
Debt related commitment fees and debt issuance costs							6,300,000
Principal Repurchased	$ 4,700,000
Repayments of Secured Debt	4,700,000
Net gain	56,000
Gain (Loss) on Extinguishment of Debt			$ 11,200,000		$ (56,000)		$ (56,000)	$ 49,000
PPP Loan [Member]
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt				$ 11,200,000
Debt instrument Repayment date description			July 2021
Small Business Association [Member]
Debt Instrument [Line Items]
Long-term debt, gross									$ 11,200,000
6.75% Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage					6.75%		6.75%				6.75%
Debt related commitment fees and debt issuance costs					$ 200,000	$ 200,000	$ 500,000	$ 600,000
Debt Instrument, Face Amount					98,800,000		98,800,000
Payroll Protection Plans [Member]
Debt Instrument [Line Items]
Long-term debt, gross									$ 11,200,000
Unforgiven loans payable			$ 20,000,000
2024 Notes [member]
Debt Instrument [Line Items]
Interest expense, debt							6,600,000
Interest payable, current					2,300,000		2,300,000
Long-term debt, gross					98,800,000		98,800,000
Principal Repurchased	4,700,000
Repayments of Secured Debt	4,700,000
Net gain	$ 56,000,000
Debt Conversion, Converted Instrument, Amount		$ 112,800,000					112,800,000
Bond Issuance Cost		1,100,000
Debt Instrument, Face Amount		112,800,000			112,800,000		112,800,000
2028 Notes [member]
Debt Instrument [Line Items]
Interest expense, debt		8,200
Interest payable, current					$ 500		500
Debt Conversion, Converted Instrument, Amount		$ 114,700,000					$ 114,700,000
Percentage of call premium		1.688%

Long-Term Debt - Asset-Based Re

Long-Term Debt - Asset-Based Revolving Credit Facility - Additional Information (Detail) - USD ($)	May 19, 2017	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Debt Instrument [Line Items]
Amortization of financing costs				$ 690,000	$ 675,000
Debt related commitment fees and debt issuance costs				6,300,000
Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, debt default, description of violation or event of default	$ 30,000,000	$ 0		0
Amortization of financing costs				900,000
Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)	2.00%
Debt instrument current borrowing capacity		25,000,000		25,000,000
Asset-Based Revolving Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Debt instrument, debt default, description of violation or event of default	$ 5,000,000
Asset-Based Revolving Credit Facility [Member] | Swingline Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, debt default, description of violation or event of default	$ 7,500,000
Abl Facility [Member] | Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt related commitment fees and debt issuance costs		$ 27,000	$ 30,000	$ 100,000	$ 100,000
Minimum [Member] | Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Minimum [Member] | Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage				0.25%
Minimum [Member] | Asset-Based Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Minimum [Member] | Asset-Based Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Maximum [Member] | Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.375%			0.375%
Maximum [Member] | Asset-Based Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Maximum [Member] | Asset-Based Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%

Long-Term Debt - Long-Term Debt

Long-Term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total	$ 208,559	$ 213,546	$ 218,764
Less current portion	0		(5,000)
Long-term Debt	208,559		213,764
Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt			5,000
7.125% Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long term debt and capital lease obligations current and noncurrent	114,731
Less unamortized debt issuance costs based on imputed interest rate of 7.10%	(4,048)
Long-term Debt	110,683
6.75% Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long term debt and capital lease obligations current and noncurrent	98,815		216,341
Less unamortized debt issuance costs based on imputed interest rate of 7.10%	(939)		(2,577)
Long-term Debt	97,876		$ 213,764
SBA Paycheck Protection Program loans [Member]
Debt Instrument [Line Items]
Long-term Debt

Long-Term Debt - Long-Term De_2

Long-Term Debt - Long-Term Debt (Parenthetical) (Detail) $ in Millions	Sep. 30, 2021USD ($)
Asset Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 24.6
Outstanding borrowings	0
Outstanding borrowing base availability	24.3
7.125% Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 114.7
7.125% Senior Secured Notes [Member] | Debt Issuance Costs [Member]
Debt Instrument [Line Items]
Imputed interest rate percentage	7.64%
6.75% Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 98.8
6.75% Senior Secured Notes [Member] | Debt Issuance Costs [Member]
Debt Instrument [Line Items]
Imputed interest rate percentage	7.10%
Letter of Credit [Member] | Asset Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding borrowings	$ 0.3

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-term Debt Obligations - Additional Information (Detail) - USD ($) $ in Millions	May 19, 2017	Sep. 30, 2021	Dec. 31, 2020
Shares Issued And Outstanding [Line Items]
Weighted average interest rate		6.94%	6.65%
Minimum [Member] | Asset-Based Revolving Credit Facility [Member]
Shares Issued And Outstanding [Line Items]
Line of credit facility, unused capacity, commitment fee percentage		0.25%
Maximum [Member] | Asset-Based Revolving Credit Facility [Member]
Shares Issued And Outstanding [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.375%	0.375%
6.75% Senior Secured Notes [Member]
Shares Issued And Outstanding [Line Items]
Debt instrument, face amount		$ 98.8
Debt instrument, interest rate, stated percentage	6.75%	6.75%
7.125% Senior Secured Notes [Member]
Shares Issued And Outstanding [Line Items]
Debt instrument, face amount		$ 114.7
Debt instrument, interest rate, stated percentage		7.125%

Long-Term Debt - Principle Repa

Long-Term Debt - Principle Repayment Requirements Under Long Term Agreements Outstanding (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Maturities of Long-term Debt [Abstract]
2022		$ 0
2023		0
2024		98,815
2025		0
2026		0
Thereafter		114,731
Total	$ 208,559	$ 213,546	$ 218,764

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Sep. 30, 2021USD ($)
Fair Value Disclosures [Abstract]
Carrying value of notes	$ 213,500,000
Debt instrument, estimated fair value	$ 213,300,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value of Financial Assets and Liabilities (Detail) - Other Indefinite Lived Intangible Assets [Member] $ in Thousands	Sep. 30, 2021USD ($)
Liabilities:
Estimated fair value of contingent earn-out consideration included in accrued expenses	$ 11
Long-term debt less unamortized debt issuance costs	208,559
Fair Value, Inputs, Level 2 [Member]
Liabilities:
Long-term debt less unamortized debt issuance costs	208,314
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Estimated fair value of contingent earn-out consideration included in accrued expenses	$ 11

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 10, 2021	Sep. 30, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Valuation allowance			$ 48,100
Cumulative adjusted pre-tax book loss		$ (53,349)	(78,023)
Deferred tax assets operating loss carry forwards domestic			28,400
Deferred tax assets, operating loss carryforwards, state and local			15,700
Deferred tax assets other financial statement accrual assets			4,000
2024 Notes [member]
Income Tax Contingency [Line Items]
Debt instrument, face amount	$ 112,800	112,800
Debt Conversion, Converted Instrument, Amount	112,800	112,800
2028 Notes [member]
Income Tax Contingency [Line Items]
Debt Conversion, Converted Instrument, Amount	$ 114,700	114,700
Revision of Prior Period, Adjustment [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance provided		$ 35,100
Cumulative Effect, Period of Adoption, Adjustment [Member] | Revision of Prior Period, Adjustment [Member]
Income Tax Contingency [Line Items]
Cumulative adjusted pre-tax book loss			35,100
Domestic Tax Authority [Member]
Income Tax Contingency [Line Items]
Valuation allowance			28,400
Net operating loss carryforwards for federal income tax purpose			$ 135,300
Beginning year of expiry for net operating loss carry forwards			2021
Ending year of expiry for net operating loss carryforwards			2038
State and Local Jurisdiction [Member]
Income Tax Contingency [Line Items]
Valuation allowance			$ 19,700
Net operating loss carryforwards for federal income tax purpose			$ 610,800
Beginning year of expiry for net operating loss carry forwards			2021
Ending year of expiry for net operating loss carryforwards			2040

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee service share-based compensation, nonvested awards, compensation not yet recognized, stock options	$ 22,000	$ 22,000
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition		2 years 3 months 18 days
Expected term of award	8 years	7 years 9 months 18 days	7 years 7 months 6 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term of award		10 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term of award		6 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized	8,000,000	8,000,000
Share price	$ 3.71	$ 3.71
Share-based compensation arrangement by share-based payment award, options, vested in period, fair value		$ 300	$ 400
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years

Stock Incentive Plan - Schedule

Stock Incentive Plan - Schedule of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense, pre-tax	$ 78	$ 74	$ 240	$ 273
Tax expense for stock-based compensation expense	(20)	(19)	(62)	(71)
Total stock-based compensation expense, net of tax	58	55	178	202
Unallocated Corporate [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock option compensation expense	23	30	75	122
Broadcast [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock option compensation expense	31	32	92	106
Digital Media [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock option compensation expense	$ 24	$ 12	$ 73	44
Publishing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock option compensation expense				$ 1

Stock Incentive Plan - Schedu_2

Stock Incentive Plan - Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options and Restricted Stock Awards using Black-Scholes Option Valuation Model (Detail)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	79.99%	75.98%	53.96%
Expected dividends	0.00%	0.00%	7.30%
Expected term (in years)	8 years	7 years 9 months 18 days	7 years 7 months 6 days
Risk-free interest rate	1.27%	1.03%	1.14%

Stock Incentive Plan - Schedu_3

Stock Incentive Plan - Schedule of Stock Option Activity (Detail) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Shares
Beginning Balance	2,291,020	2,291,020
Granted		270,000
Exercised		(192,507)
Forfeited or expired		(157,446)
Ending Balance		2,211,067	2,291,020
Exercisable at end of period		1,209,942
Expected to Vest		950,568
Weighted Average Exercise Price
Beginning Balance	$ 3.23	$ 3.23
Granted		2.14
Exercised		2.11
Forfeited or expired		6.73
Ending Balance		2.95	$ 3.23
Exercisable at end of period		3.84
Expected to Vest		2.97
Weighted Average Grant Date Fair value
Beginning Balance	$ 1.52	1.52
Granted		1.55
Exercised		0.97
Forfeited or expired		4.74
Ending Balance		1.34	$ 1.52
Exercisable at end of period		1.75
Expected to Vest		$ 1.35
Weighted Average Remaining Contractual Term
Contractual term		4 years 4 months 24 days	4 years 3 months 18 days
Exercisable at end of period		2 years 7 months 6 days
Expected to Vest		4 years 3 months 18 days
Aggregate Intrinsic Value
Exercised	$ 200
Ending Balance	2,484
Exercisable at end of period	640
Expected to Vest	$ 2,391

Stock Incentive Plan - Schedu_4

Stock Incentive Plan - Schedule of Information Regarding Restricted Stock Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding Shares, Beginning Balance	107,990
Outstanding Shares, Lapsed	(41,323)
Outstanding Shares, Ending Balance	66,667	107,990
Weighted Average Grant Date Fair Value, Beginning Balance	$ 1.85
Weighted Average Grant Date Fair Value, Lapsed	2.42
Weighted Average Grant Date Fair Value, Ending Balance	$ 1.50	$ 1.85
Weighted Average Contractual Life Remaining	7 days	1 year 8 months 1 day
Aggregate Intrinsic Value, Beginning Balance	$ 112
Aggregate Intrinsic Value, Lapsed	100
Aggregate Intrinsic Value, Ending Balance	$ 247	$ 112

Equity Transactions - Additiona

Equity Transactions - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Apr. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Non-cash stock-based compensation expense related to additional paid-in capital	$ 0.1	$ 0.1	$ 0.2	$ 0.3
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares authorized for sales and issuance					$ 15

Segment Data - Additional Infor

Segment Data - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2021Segments
Segment Reporting [Abstract]
Number of operating segments	3

Segment Data - Schedule of Segm

Segment Data - Schedule of Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Jun. 01, 2021	Dec. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Debt modification costs	$ 2,347		$ 2,347
Depreciation	2,788	$ 2,677	8,118	$ 8,108
Amortization	427	751	1,553	2,578
Change in the estimated fair value of contingent earn-out consideration		(10)		(12)
Impairment of indefinite-lived long-term assets other than goodwill				17,254
Impairment of goodwill	0		0	307	$ 307
Net (gain) loss on the disposition of assets	10,607	(1,381)	10,552	(1,494)
Net operating income (loss)	15,799	4,752	25,796	(14,146)
Inventories, net	907		907		495
Property and equipment, net	78,425		78,425		79,122
Broadcast licenses	320,008		320,008		319,773		$ 337,858
Goodwill	23,986		23,986		23,757	$ 200	$ 23,998
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	65,983	60,641	189,118	171,762
Operating expenses	55,229	51,090	161,856	156,179
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and net (gain) loss on the disposition of assets	10,754	9,551	27,262	15,583
Debt modification costs	2,347		2,347
Depreciation	2,788	2,677	8,118	8,108
Amortization	427	751	1,553	2,578
Change in the estimated fair value of contingent earn-out consideration		(10)		(12)
Impairment of indefinite-lived long-term assets other than goodwill				17,254
Impairment of goodwill				307
Net (gain) loss on the disposition of assets	(10,607)	1,381	(10,552)	1,494
Net operating income (loss)	15,799	4,752	25,796	(14,146)
Inventories, net	907		907		495
Property and equipment, net	78,425		78,425		79,122
Broadcast licenses	320,008		320,008		319,773
Goodwill	23,986		23,986		23,757
Amortizable intangible assets, net	2,785		2,785		4,017
Operating Segments [Member] | Broadcast [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	49,591	45,391	140,422	130,041
Operating expenses	37,463	34,283	106,968	104,704
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and net (gain) loss on the disposition of assets	12,128	11,108	33,454	25,337
Depreciation	1,539	1,626	4,667	4,912
Amortization	4	4	12	18
Impairment of indefinite-lived long-term assets other than goodwill				16,994
Impairment of goodwill				184
Net (gain) loss on the disposition of assets	(10,505)	1,380	(10,187)	1,489
Net operating income (loss)	21,090	8,098	38,962	1,740
Property and equipment, net	60,502		60,502		64,231
Broadcast licenses	320,008		320,008		319,773
Goodwill	2,750		2,750		2,746
Amortizable intangible assets, net	233		233		246
Operating Segments [Member] | Digital Media [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	10,645	9,808	30,603	28,355
Operating expenses	8,269	7,144	25,280	23,123
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and net (gain) loss on the disposition of assets	2,376	2,664	5,323	5,232
Depreciation	965	746	2,606	2,284
Amortization	375	537	1,204	1,928
Change in the estimated fair value of contingent earn-out consideration		(10)		(12)
Impairment of goodwill				10
Net (gain) loss on the disposition of assets	(148)		(83)
Net operating income (loss)	1,184	1,391	1,596	1,022
Property and equipment, net	8,619		8,619		6,221
Goodwill	19,790		19,790		19,565
Amortizable intangible assets, net	2,552		2,552		3,434
Operating Segments [Member] | Publishing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenue	5,747	5,442	18,093	13,366
Operating expenses	5,213	5,814	16,844	16,443
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and net (gain) loss on the disposition of assets	534	(372)	1,249	(3,077)
Depreciation	43	70	134	212
Amortization	48	210	337	631
Impairment of indefinite-lived long-term assets other than goodwill				260
Impairment of goodwill				105
Net (gain) loss on the disposition of assets	22	1	(306)	1
Net operating income (loss)	421	(653)	1,084	(4,286)
Inventories, net	907		907		495
Property and equipment, net	723		723		741
Goodwill	1,446		1,446		1,446
Amortizable intangible assets, net					337
Operating Segments [Member] | Unallocated Corporate [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating expenses	4,284	3,849	12,764	11,909
Net operating income (loss) before depreciation, amortization, change in the estimated fair value of contingent earn-out consideration and net (gain) loss on the disposition of assets	(4,284)	(3,849)	(12,764)	(11,909)
Debt modification costs	2,347		2,347
Depreciation	241	235	711	700
Amortization				1
Impairment of goodwill				8
Net (gain) loss on the disposition of assets	24		24	4
Net operating income (loss)	(6,896)	$ (4,084)	(15,846)	$ (12,622)
Property and equipment, net	$ 8,581		$ 8,581		$ 7,929

Subsequent Events - Summary Of

Subsequent Events - Summary Of Additional Repurchases of the 2024 Notes (Detail) - USD ($) $ in Thousands	Oct. 25, 2021	Oct. 12, 2021	Oct. 05, 2021	Oct. 04, 2021	Sep. 30, 2021	Sep. 24, 2021
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Principal Repurchased						$ 4,700
Cash Paid						4,700
Net Loss						$ 56
Two thousand Twenty Four Notes [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Principal Repurchased					$ 3,641
Cash Paid					3,666
Bond Issue Costs					34
Net Loss					$ 59
Subsequent Event [Member] | Two thousand Twenty Four Notes [Member]
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Principal Repurchased	$ 2,000	$ 250	$ 763	$ 628
Cash Paid	$ 2,020	$ 251	$ 766	$ 629
Percent face value	101.00%	100.38%	100.38%	100.13%
Bond Issue Costs	$ 19	$ 2	$ 7	$ 6
Net Loss	$ 39	$ 3	$ 10	$ 7