Cumulus Media (CMLS) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 05, 2019
Document Information [Line Items]
Entity Registrant Name	CUMULUS MEDIA INC
Entity Central Index Key	0001058623
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Current Reporting Status	Yes
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,561,739
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,995,072

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Restricted cash	$ 1,400	$ 2,500
Assets held for sale	88,165
Successor Company
Current assets:
Cash and cash equivalents	7,751	27,584
Restricted cash	1,392	2,454
Accounts receivable, less allowance for doubtful accounts of $4,671 and $5,483 at September 30, 2019 and December 31, 2018, respectively	241,946	250,111
Trade receivable	4,246	3,390
Assets held for sale	88,165	80,000
Prepaid expenses and other current assets	33,585	31,452
Total current assets	377,085	394,991
Property and equipment, net	228,182	235,898
Operating lease right-of-use assets	148,321	0
Broadcast licenses	847,016	935,652
Other intangible assets, net	169,329	193,535
Other assets	12,127	15,076
Total assets	1,782,060	1,775,152
Current liabilities:
Accounts payable and accrued expenses	115,936	101,320
Current portion of operating lease liabilities	35,371	0
Trade payable	2,750	2,578
Total current liabilities	159,307	116,898
6.75% senior notes, net of debt issuance costs of $7,109 at September 30, 2019	492,891	0
Operating lease liabilities	114,591	0
Other liabilities	25,791	25,742
Deferred income taxes	22,742	12,384
Total liabilities	1,329,946	1,385,323
Commitments and contingencies (Note 14)
Stockholders’ equity:
Treasury stock, at cost, 67,833 shares at September 30, 2019	(1,156)	0
Additional paid-in-capital	332,210	328,404
Retained earnings	121,060	61,425
Total stockholders’ equity	452,114	389,829
Total liabilities and stockholders’ equity	1,782,060	1,775,152
Successor Company | Class A common stock
Stockholders’ equity:
Common stock	0	0
Successor Company | Class B Common Stock
Stockholders’ equity:
Common stock	0	0
Term Loan due 2022 | Successor Company
Current liabilities:
Current portion of term loan	0	13,000
Term loan	0	1,230,299
Term Loan Due 2026 | Successor Company
Current liabilities:
Current portion of term loan	5,250	0
Term loan	$ 514,624	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Allowance for doubtful accounts	$ 4,671,000	$ 5,483,000
Debt issuance cost	$ 5,126
Treasury stock, shares (in shares)	67,833
Class A common stock
Condensed Financial Statements, Captions [Line Items]
Common stock, par value (usd per share)	$ 0.00	$ 0.00
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	15,551,068	12,995,080
Common stock, shares outstanding (in shares)	15,483,235	12,995,080
Class B Common Stock
Condensed Financial Statements, Captions [Line Items]
Common stock, par value (usd per share)	$ 0.00	$ 0.00
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	2,048,108	3,560,604
Common stock, shares outstanding (in shares)	2,048,108	3,560,604
6.75% Senior Notes
Condensed Financial Statements, Captions [Line Items]
Debt issuance cost	$ 7,109

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019
Non-operating (expense) income:
Gain on early extinguishment of debt					$ 381
Income before income tax expense	$ 23,000	$ 17,800	$ 25,400	$ 519,300	83,100
Income tax expense	(6,600)	(5,100)	(7,700)	176,900	(23,500)
Net income					59,635
Successor Company
Net revenue	280,808	282,254	377,258		827,977
Operating expenses:
Content costs	98,335		127,464		295,931
Selling, general and administrative expenses	115,289		151,779		344,609
Depreciation and amortization	11,885		18,521		40,020
Corporate expenses (including stock-based compensation expense of $1,492, and $1,131, respectively, and restructuring costs of $1,764 and $2,738 respectively)	11,905		21,003		47,097
(Gain) loss on sale or disposal of assets or stations	(8,188)		34		(55,912)
Impairment of assets held for sale	5,000		0		5,000
Total operating expenses	235,128		320,165		679,128
Operating income	45,680		57,093		148,849
Non-operating (expense) income:
Reorganization items, net			0		0
Interest expense	(22,754)		(28,579)		(66,101)
Interest income	9		20		21
Gain on early extinguishment of debt			0		381
Other income (expense), net	18		(3,157)		(44)
Total non-operating expense, net	(22,727)		(31,716)		(65,743)
Income before income tax expense	22,953		25,377		83,106
Income tax expense	(6,630)		(7,684)		(23,471)
Net income	$ 16,323	12,713	$ 17,693		$ 59,635
Basic and diluted earnings per common share (see Note 12, “Earnings Per Share”):
Basic: Earnings per share (USD per share)	$ 0.81		$ 0.88		$ 2.96
Diluted: Earnings per share (USD per share)	$ 0.81		$ 0.88		$ 2.95
Weighted average basic common shares outstanding (in shares)	20,164,876		20,009,463		20,115,868
Weighted average diluted common shares outstanding (in shares)	20,216,314		20,051,796		20,249,682
Predecessor Company
Net revenue		282,254		453,924
Operating expenses:
Content costs		98,494		163,885
Selling, general and administrative expenses		114,345		195,278
Depreciation and amortization		14,142		22,046
Corporate expenses (including stock-based compensation expense of $1,492, and $1,131, respectively, and restructuring costs of $1,764 and $2,738 respectively)		10,878		17,169
(Gain) loss on sale or disposal of assets or stations		34		158
Impairment of assets held for sale		0		0
Total operating expenses		238,899		400,345
Operating income		43,355		53,579
Non-operating (expense) income:
Reorganization items, net				466,201
Interest expense		(22,403)		(260)
Interest income		16		50
Gain on early extinguishment of debt				0
Other income (expense), net		(3,177)		(273)
Total non-operating expense, net		(25,564)		465,718
Income before income tax expense		17,791		519,297
Income tax expense		(5,078)		176,859
Net income		$ 12,713		$ 696,156
Basic and diluted earnings per common share (see Note 12, “Earnings Per Share”):
Basic: Earnings per share (USD per share)		$ 0.64		$ 23.73
Diluted: Earnings per share (USD per share)		$ 0.63		$ 23.73
Weighted average basic common shares outstanding (in shares)		20,004,736		29,338,329
Weighted average diluted common shares outstanding (in shares)		20,069,587		29,338,329
Local marketing agreement fees | Successor Company
Operating expenses:
Local marketing agreement fees	$ 902		$ 1,364		$ 2,383
Local marketing agreement fees | Predecessor Company
Operating expenses:
Local marketing agreement fees		$ 1,006		$ 1,809

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019
Successor Company
Stock-based compensation expense	$ 1,492	$ 1,131			$ 3,806
Restructuring Charges	$ 1,764	$ 2,738			$ 17,565
Predecessor Company
Stock-based compensation expense			$ 1,783	$ 231
Restructuring Charges			$ 967	$ 2,455

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common StockClass A common stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings
Beginning balance (in shares) (Predecessor Company) at Dec. 31, 2017		32,031,054	0	80,609	2,806,187
Beginning balance (Predecessor Company) at Dec. 31, 2017	$ (696,115)	$ 320	$ 0	$ 1	$ (229,310)	$ 1,626,428	$ (2,093,554)
Stock-based compensation expense | Predecessor Company	166					166
Net loss | Predecessor Company	(5,001)						(5,001)
Ending balance (in shares) (Predecessor Company) at Mar. 31, 2018		32,031,054	0	80,609	2,806,187
Ending balance (Predecessor Company) at Mar. 31, 2018	(700,950)	$ 320	$ 0	$ 1	$ (229,310)	1,626,594	(2,098,555)
Beginning balance (in shares) (Predecessor Company) at Dec. 31, 2017		32,031,054	0	80,609	2,806,187
Beginning balance (Predecessor Company) at Dec. 31, 2017	(696,115)	$ 320	$ 0	$ 1	$ (229,310)	1,626,428	(2,093,554)
Net income | Predecessor Company	696,156
Cancellation of Predecessor Company stockholders' equity | Predecessor Company	649,620
Ending balance (in shares) (Predecessor Company) at Jun. 03, 2018		32,031,054	0	80,609	2,806,187
Ending balance (Predecessor Company) at Jun. 03, 2018	(739,637)	$ 320	$ 0	$ 1	$ (229,310)	1,626,906	(2,137,554)
Beginning balance (in shares) (Predecessor Company) at Mar. 31, 2018		32,031,054	0	80,609	2,806,187
Beginning balance (Predecessor Company) at Mar. 31, 2018	(700,950)	$ 320	$ 0	$ 1	$ (229,310)	1,626,594	(2,098,555)
Stock-based compensation expense | Predecessor Company	65					65
Net loss | Predecessor Company	(38,999)						(38,999)
Other | Predecessor Company	247					247
Ending balance (in shares) (Predecessor Company) at Jun. 03, 2018		32,031,054	0	80,609	2,806,187
Ending balance (Predecessor Company) at Jun. 03, 2018	(739,637)	$ 320	$ 0	$ 1	$ (229,310)	1,626,906	(2,137,554)
Issuance of common stock (in shares) | Predecessor Company		11,052,211	5,218,209
Issuance of Successor common stock | Predecessor Company	264,394					264,394
Cancellation of Predecessor equity (in shares) | Predecessor Company		(32,031,054)		(80,609)	(2,806,187)
Cancellation of Predecessor Company stockholders' equity | Predecessor Company	(1,397,917)	$ (320)		$ (1)	$ 229,310	(1,626,906)
Elimination of accumulated deficit | Predecessor Company	2,137,554						2,137,554
Issuance of Successor warrants | Predecessor Company	60,606					60,606
Ending balance (in shares) (Successor Company) at Jun. 04, 2018		11,052,211	5,218,209	0	0
Ending balance (Successor Company) at Jun. 04, 2018	325,000	$ 0	$ 0	$ 0	$ 0	325,000	0
Beginning balance (in shares) (Predecessor Company) at Jun. 03, 2018		32,031,054	0	80,609	2,806,187
Beginning balance (Predecessor Company) at Jun. 03, 2018	(739,637)	$ 320	$ 0	$ 1	$ (229,310)	1,626,906	(2,137,554)
Net income | Successor Company	4,980						4,980
Conversion of Class B Common Stock (in shares) | Successor Company		1,344,184	(1,344,184)
Exercise of warrants (in shares) | Successor Company			34,964
Stock-based compensation expense | Successor Company	652					652
Ending balance (in shares) (Successor Company) at Jun. 30, 2018		12,396,395	3,908,989	0	0
Ending balance (Successor Company) at Jun. 30, 2018	330,632	$ 0	$ 0	$ 0	$ 0	325,652	4,980
Beginning balance (in shares) (Predecessor Company) at Jun. 03, 2018		32,031,054	0	80,609	2,806,187
Beginning balance (Predecessor Company) at Jun. 03, 2018	(739,637)	$ 320	$ 0	$ 1	$ (229,310)	1,626,906	(2,137,554)
Net income | Successor Company	17,693
Ending balance (in shares) (Successor Company) at Sep. 30, 2018		12,873,697	3,594,710	0	0
Ending balance (Successor Company) at Sep. 30, 2018	344,476	$ 0	$ 0	$ 0	$ 0	326,783	17,693
Beginning balance (in shares) (Successor Company) at Jun. 30, 2018		12,396,395	3,908,989	0	0
Beginning balance (Successor Company) at Jun. 30, 2018	330,632	$ 0	$ 0	$ 0	$ 0	325,652	4,980
Net income | Successor Company	12,713						12,713
Net income | Predecessor Company	12,713
Conversion of Class B Common Stock (in shares) | Successor Company		314,279	(314,279)
Exercise of warrants (in shares) | Successor Company		163,023
Stock-based compensation expense | Successor Company	1,131					1,131
Ending balance (in shares) (Successor Company) at Sep. 30, 2018		12,873,697	3,594,710	0	0
Ending balance (Successor Company) at Sep. 30, 2018	344,476	$ 0	$ 0	$ 0	$ 0	$ 326,783	17,693
Beginning balance (in shares) (Successor Company) at Dec. 31, 2018		12,995,080,000	3,560,604,000		0	328,404,000
Beginning balance (Successor Company) at Dec. 31, 2018	389,829	$ 0	$ 0		$ 0		61,425
Net income | Successor Company	451						451
Shares returned in lieu of tax payments (in shares) | Successor Company					34,704
Shares returned in lieu of tax payments | Successor Company	(633)				$ (633)
Conversion of Class B Common Stock (in shares) | Successor Company		751,633,000	(751,633,000)
Exercise of warrants (in shares) | Successor Company		177,186,000
Issuance of common stock (in shares) | Successor Company		68,246,000	3,035,000
Stock-based compensation expense | Successor Company	1,208					$ 1,208
Ending balance (in shares) (Successor Company) at Mar. 31, 2019		13,992,145,000	2,812,006,000		34,704	329,612,000
Ending balance (Successor Company) at Mar. 31, 2019	390,855	$ 0	$ 0		$ (633)		61,876
Beginning balance (in shares) (Successor Company) at Dec. 31, 2018		12,995,080,000	3,560,604,000		0	328,404,000
Beginning balance (Successor Company) at Dec. 31, 2018	389,829	$ 0	$ 0		$ 0		61,425
Net income | Successor Company	59,635
Net income	59,635
Ending balance (in shares) (Successor Company) at Sep. 30, 2019		15,483,235,000	2,048,108,000		67,833	332,210,000
Ending balance (Successor Company) at Sep. 30, 2019	452,114	$ 0	$ 0		$ (1,156)		121,060
Beginning balance (in shares) (Successor Company) at Mar. 31, 2019		13,992,145,000	2,812,006,000		34,704	329,612,000
Beginning balance (Successor Company) at Mar. 31, 2019	390,855	$ 0	$ 0		$ (633)		61,876
Net income | Successor Company	42,861						42,861
Shares returned in lieu of tax payments (in shares) | Successor Company					33,129
Shares returned in lieu of tax payments | Successor Company	(523)				$ (523)
Conversion of Class B Common Stock (in shares) | Successor Company		115,153,000	(115,153,000)
Exercise of warrants (in shares) | Successor Company		170,659,000
Issuance of common stock (in shares) | Successor Company		50,581,000
Stock-based compensation expense | Successor Company	1,106					$ 1,106
Ending balance (in shares) (Successor Company) at Jun. 30, 2019		14,328,538,000	2,696,853,000		67,833	330,718,000
Ending balance (Successor Company) at Jun. 30, 2019	434,299	$ 0	$ 0		$ (1,156)		104,737
Net income | Successor Company	16,323						16,323
Conversion of Class B Common Stock (in shares) | Successor Company		648,745,000	(648,745,000)
Exercise of warrants (in shares) | Successor Company		494,929,000
Issuance of common stock (in shares) | Successor Company		11,023,000
Stock-based compensation expense | Successor Company	1,492					$ 1,492
Ending balance (in shares) (Successor Company) at Sep. 30, 2019		15,483,235,000	2,048,108,000		67,833	332,210,000
Ending balance (Successor Company) at Sep. 30, 2019	$ 452,114	$ 0	$ 0		$ (1,156)		$ 121,060

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income			$ 59,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			40,020
Amortization of right of use assets			18,025
Amortization of debt issuance costs/discounts			435
Provision for doubtful accounts			2,687
(Gain) loss on sale or disposal of assets or stations			(55,912)
Non-cash reorganization items, net			0
Gain on early extinguishment of debt			(381)
Impairment of assets held for sale			5,000
Impairment charges - Next Radio investment		$ 0	0
Deferred income taxes			10,358
Stock-based compensation expense			3,806
Changes in assets and liabilities:
Accounts receivable			5,477
Trade receivable			(1,361)
Prepaid expenses and other current assets			(2,476)
Operating leases			4,329
Assets held for sale			29
Other assets			2,734
Accounts payable and accrued expenses			(8,045)
Trade payable			250
Other liabilities			(1,547)
Net cash provided by operating activities			83,063
Cash flows from investing activities:
Proceeds from sale of assets or stations			146,519
Acquisition
Capital expenditures			(17,399)
Net cash provided by (used in) investing activities			129,120
Cash flows from financing activities:
Adequate protection payments on term loan			0
Repayment of borrowings under term loan due 2022			(1,242,918)
Borrowings under term loan due 2026			525,000
Proceeds from issuance of 6.75% senior notes			500,000
Financing costs			(12,790)
Shares returned in lieu of tax payments			(1,156)
Repayments of financing lease obligations			(1,214)
Net cash used in financing activities			(233,078)
Decrease in cash and cash equivalents and restricted cash			(20,895)
Cash and cash equivalents and restricted cash at beginning of period			30,038
Cash and cash equivalents and restricted cash at end of period			9,143
Successor Company
Cash flows from operating activities:
Net income	$ 17,693		59,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,521
Amortization of right of use assets	0
Amortization of debt issuance costs/discounts	22
Provision for doubtful accounts	2,009
(Gain) loss on sale or disposal of assets or stations	34
Non-cash reorganization items, net	0
Gain on early extinguishment of debt	0		(381)
Impairment of assets held for sale	0
Impairment charges - Next Radio investment	3,170
Deferred income taxes	6,823
Stock-based compensation expense	1,783
Changes in assets and liabilities:
Accounts receivable	(22,294)
Trade receivable	756
Prepaid expenses and other current assets	(10,635)
Operating leases	0
Assets held for sale	0
Other assets	1,763
Accounts payable and accrued expenses	(17,534)
Trade payable	(235)
Other liabilities	575
Net cash provided by operating activities	2,451
Cash flows from investing activities:
Proceeds from sale of assets or stations	0
Acquisition	(18,000)
Capital expenditures	(7,866)
Net cash provided by (used in) investing activities	(25,866)
Cash flows from financing activities:
Adequate protection payments on term loan	0
Repayment of borrowings under term loan due 2022	(3,250)
Proceeds from issuance of 6.75% senior notes	0
Financing costs	0
Shares returned in lieu of tax payments	0
Repayments of financing lease obligations	0
Net cash used in financing activities	(3,250)
Decrease in cash and cash equivalents and restricted cash	(26,665)
Cash and cash equivalents and restricted cash at beginning of period	88,351
Cash and cash equivalents and restricted cash at end of period	61,686	88,351	$ 9,143	$ 61,686
Predecessor Company
Cash flows from operating activities:
Net income		696,156
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		22,046
Amortization of right of use assets		0
Amortization of debt issuance costs/discounts		0
Provision for doubtful accounts		5,993
(Gain) loss on sale or disposal of assets or stations		158
Non-cash reorganization items, net		(523,651)
Gain on early extinguishment of debt		0
Impairment of assets held for sale				0
Deferred income taxes		(179,455)
Stock-based compensation expense		231
Changes in assets and liabilities:
Accounts receivable		12,697
Trade receivable		(997)
Prepaid expenses and other current assets		(5,831)
Operating leases		0
Assets held for sale		0
Other assets		(436)
Accounts payable and accrued expenses		7,777
Trade payable		190
Other liabilities		(5,746)
Net cash provided by operating activities		29,132
Cash flows from investing activities:
Proceeds from sale of assets or stations		0
Acquisition		0
Capital expenditures		(14,019)
Net cash provided by (used in) investing activities		(14,019)
Cash flows from financing activities:
Adequate protection payments on term loan		(37,802)
Repayment of borrowings under term loan due 2022		0
Proceeds from issuance of 6.75% senior notes		0
Financing costs		(850)
Shares returned in lieu of tax payments		0
Repayments of financing lease obligations		0
Net cash used in financing activities		(38,652)
Decrease in cash and cash equivalents and restricted cash		(23,539)
Cash and cash equivalents and restricted cash at beginning of period	$ 88,351	111,890		$ 111,890
Cash and cash equivalents and restricted cash at end of period		$ 88,351

Nature of Business, Interim Fin

Nature of Business, Interim Financial Data and Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business, Interim Financial Data and Basis of Presentation	Nature of Business, Interim Financial Data and Basis of Presentation Cumulus Media Inc. and its consolidated subsidiaries, except as the context may otherwise require, (“CUMULUS MEDIA,” “we,” “us,” “our,” or the “Company”) is a Delaware corporation, organized in 2018, and successor to a Delaware corporation with the same name that had been organized in 2002. Nature of Business CUMULUS MEDIA is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month - wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 428 owned-and-operated stations across 87 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, the Olympics, the American Country Music Awards, and many other world-class partners across nearly 8,000 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with local impact and national reach through on-air, digital, mobile, and voice-activated media solutions, as well as access to integrated digital marketing services, powerful influencers, and live event experiences. Basis of Presentation As previously disclosed, on November 29, 2017 (the “Petition Date”), CM Wind Down Topco Inc. (formerly known as Cumulus Media Inc.), a Delaware corporation (“Old Cumulus”) and certain of its direct and indirect subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief (the “Bankruptcy Petitions”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The Debtors’ chapter 11 cases (the "Chapter 11 Cases") were jointly administered under the caption In re Cumulus Media Inc., et al, Case No. 17-13381. On May 10, 2018, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law and Order Confirming the Debtors’ First Amended Joint Chapter 11 Plan of Reorganization [Docket No. 769] (the “Confirmation Order”), which confirmed the First Amended Joint Plan of Reorganization of Cumulus Media Inc. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 446] (the “Plan”), as modified by the Confirmation Order. On June 4, 2018 (the “Effective Date”), Old Cumulus satisfied the conditions to effectiveness set forth in the Confirmation Order and in the Plan, the Plan was substantially consummated, and Old Cumulus and the other Debtors emerged from Chapter 11. On June 29, 2018, the Bankruptcy Court entered an order closing the Chapter 11 Cases of all the Debtors other than Old Cumulus, whose case will remain open until its estate has been fully administered including resolving outstanding claims and the Bankruptcy Court enters an order closing its case. In connection with its emergence, Old Cumulus implemented a series of internal reorganization transactions authorized by the Plan pursuant to which it transferred substantially all its remaining assets to an indirectly wholly owned subsidiary of reorganized Cumulus Media Inc. (formerly known as CM Emergence Newco Inc.), a Delaware corporation (“CUMULUS MEDIA” or the “Company”), prior to winding down its business. References to “Successor” or “Successor Company” relate to CUMULUS MEDIA on and subsequent to June 4, 2018. References to “Predecessor,” “Predecessor Company” or “Old Cumulus” refer to Cumulus Media Inc. prior to June 4, 2018. Upon emergence from Chapter 11 on the Effective Date, the Company applied Accounting Standards Codification (“ASC”) 852 - Reorganizations (“ASC 852”) in preparing its consolidated financial statements. As a result of the application of fresh start accounting and the effects of the implementation of the Plan, a new entity for financial reporting purposes was created, and consequently the consolidated financial statements on and after June 4, 2018 generally are not comparable to the consolidated financial statements prior to that date. The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reporting Segment The Company historically operated under two reportable segments - Cumulus Radio Station Group (“CRSG”) and Westwood One (“WWO”). As a result of changes to its organizational structure and approach to operating the business during the third quarter of 2019, the Company reassessed its reportable segments. Management considered factors including, but not limited to: (i) organizational structure and functional responsibilities of management; (ii) operational aspects including inventory optimization across all sales channels; and (iii) management incentive metrics. These factors impacted how the Chief Operating Decision Maker evaluates performance and how operating decisions are made, which are now performed at the consolidated level. The Company concluded that we have one reportable segment and have presented the comparative periods on a consolidated basis to reflect the one reportable segment. Interim Financial Data In the opinion of management, the Company's unaudited condensed consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair statement of the results for the interim periods presented herein. The results for the interim periods are not necessarily indicative of those for the full year. The condensed consolidated financial statements herein should be read in conjunction with our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including significant estimates related to revenue recognition, bad debts, intangible assets, income taxes, stock-based compensation, contingencies, litigation, valuation assumptions for impairment analysis, certain expense accruals, leases and, if applicable, purchase price allocations. The Company bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. Actual amounts and results may differ materially from these estimates. Comprehensive Income (Loss) Comprehensive income (loss) includes net income (loss) and certain items that are excluded from net income (loss) and recorded as a separate component of stockholders' equity (deficit). During the three and nine months ended September 30, 2019 (Successor Company) and periods from January 1, 2018 through June 3, 2018 (Predecessor Company), and June 4, 2018 through September 30, 2018 (Successor Company) and the three month period ended September 30, 2018 (Successor Company), the Company had no items of other comprehensive income (loss) and, therefore, comprehensive income (loss) does not differ from reported net income (loss). Assets Held for Sale During the year ended December 31, 2015, the Company entered into an agreement to sell certain land in the Company's Washington, DC market ("DC Land") to a third party. On September 18, 2019, the agreement was amended to, among other changes, adjust the purchase price to a total of $75.0 million . The Company recorded a $5.0 million impairment on the DC Land in the third quarter of 2019 to adjust the carrying value of this asset to fair value. The impairment is included in the Impairment of Assets Held for Sale financial statement line item of the Company's Condensed Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019. The sale is subject to various conditions and approvals, including, without limitation, the receipt by the buyer of certain required permits and approvals for its expected use of the land. There can be no assurance that such sale will be completed at the agreed price or at all. On June 27, 2019, the Company announced that it had entered into an agreement to sell WABC-AM in New York, NY to Red Apple Media, Inc. ("WABC Sale"). The closing of the WABC Sale is subject to various conditions which remain pending. The Company expects the WABC Sale to close within the next six months. The major categories of these assets held for sale are as follows (dollars in thousands): September 30, 2019 December 31, 2018 WABC Sale DC Land Total DC Land Property and equipment, net $ 7,054 $ 75,000 82,054 $ 80,000 Broadcast licenses 5,738 — 5,738 — Other intangibles, net 373 — 373 — $ 13,165 $ 75,000 $ 88,165 $ 80,000 Supplemental Cash Flow Information The following summarizes supplemental cash flow information to be read in conjunction with the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 (Successor Company) and Periods from January 1, 2018 through June 3, 2018 (Predecessor Company), and June 4, 2018 through September 30, 2018 (Successor Company): Successor Company Predecessor Company Nine Months Ended September 30, Period from June 4 through September 30, Period from January 1 through June 3, 2019 2018 2018 Supplemental disclosures of cash flow information: Interest paid $ 51,575 $ 27,524 $ — Income taxes paid 17,138 5,611 1,992 Supplemental disclosures of non-cash flow information: Trade revenue $ 33,388 $ 13,870 $ 18,973 Trade expense 31,614 13,891 17,964 Transfer of deposit from escrow - WKQX acquisition — 4,750 — Supplemental disclosures of non-cash reorganization items impact on changes in assets and liabilities: Accounts receivable $ — $ — $ (11 ) Prepaid expenses and other current assets — — 21,077 Property and equipment — — (121,732 ) Other intangible assets, goodwill and other assets — — 283,217 Accounts payable, accrued expenses and other liabilities — — (36,415 ) Cancellation of 7.75% Senior Notes — — (610,000 ) Cancellation of Predecessor Company Term Loan — — (1,684,407 ) Issuance of Successor Company Term Loan — — 1,300,000 Cancellation of Predecessor Company stockholders' equity — — 649,620 Issuance of Successor Company stockholders' equity — — (325,000 ) Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheet: Cash and cash equivalents $ 7,751 $ 53,978 $ 50,046 Restricted cash 1,392 7,708 38,305 Total cash and cash equivalents and restricted cash $ 9,143 $ 61,686 $ 88,351 Adoption of New Accounting Standards ASU 2016-02 - Leases (“ASU 2016-02”) . In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, which provides updated guidance for the accounting for leases. This update requires lessees to recognize assets and liabilities for the rights and obligations created by leases with a term longer than one year. Leases will be classified as either financing or operating, thereby impacting the pattern of expense recognition in the statement of operations. In July 2018, the FASB issued ASU 2018-10 - Codification Improvements to Topic 842, Leases ("ASU 2018-10") and ASU 2018-11 - Targeted Improvements ("ASU 2018-11"), which provide technical corrections and clarification to ASU 2016-02. ASU 2016-02 and amendments ASU 2018-10 and ASU 2018-11 became effective for fiscal years beginning after December 15, 2018, and interim periods thereafter. The standard requires the application of a modified retrospective approach by either applying the lease standard to each lease that existed at the beginning of the earliest comparative period presented in the financial statements, as well as leases that commenced after that date and recognizing a cumulative effect adjustment for leases that commenced prior to the beginning of the earliest comparative period presented, or applying the standard to the leases that commenced as of the beginning of the reporting period in which the entity first applies the leases standard with a cumulative effect adjustment as of that date. The Company adopted this standard on January 1, 2019 and elected the "package of practical expedients" and as a result did not recast existing leases prior to January 1, 2019. The new lease standard also provides as a practical expedient and an accounting policy election, the option to not separate non-lease components from the associated lease components and instead account for each separate lease component and its associated non-lease components as a single lease component. The Company elected this option both for leases under which it is the lessor and for leases under which it is the lessee. In adopting the new standard, the Company aggregated and evaluated lease arrangements, implemented new controls and processes, and installed a lease accounting system. Adoption of the new standard resulted in recording operating lease right-of-use assets and operating lease liabilities of approximately $156.1 million and $154.5 million on January 1, 2019. See Note 13 Leases for further information. ASU 2018-07 - Compensation - Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting (“ASU 2018-07”). The standard aligns the accounting for share-based payment awards issued to employees and non-employees. Changes to the accounting for non-employee awards include: (1) equity-classified share-based payment awards issued to non-employees will now be measured on the grant date, instead of the previous requirement to re-measure the awards through the performance completion date; (2) for performance conditions, compensation cost associated with the award will be recognized when achievement of the performance condition is probable, rather than upon achievement of the performance condition; and (3) the current requirement to reassess the classification (equity or liability) for nonemployee awards upon vesting will be eliminated, except for awards in the form of convertible instruments. The guidance should be applied to all new awards granted after the date of adoption. In addition, the modified retrospective approach should be used on all liability-classified awards that have not been settled and equity-classified awards for which a measurement date has not been established by the adoption date by re-measurement at fair value as of the adoption date with a cumulative effect adjustment to opening retained earnings in the fiscal year of adoption. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company adopted ASU 2018-07 as of January 1, 2019 and there was no material impact to the Condensed Consolidated Financial Statements. Recent Accounting Standards Updates ASU 2016-13 - Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). In June 2016, the FASB issued ASU 2016-13 which requires entities to estimate loss of financial assets measured at amortized cost, including trade receivables, debt securities and loans, using an expected credit loss model. The expected credit loss differs from the previous incurred losses model primarily in that the loss recognition threshold of “probable” has been eliminated and that expected loss should consider reasonable and supportable forecasts in addition to the previously considered past events and current conditions. Additionally, the guidance requires additional disclosures related to the further disaggregation of information related to the credit quality of financial assets by year of the asset’s origination for as many as five years. Entities must apply the standard provision as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the potential impact of adopting ASU 2016-13 on its Consolidated Financial Statements. ASU 2018-13 - Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). In August 2018, the FASB issued ASU 2018-13, which eliminates, adds, and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the requirements. The Company is currently evaluating the potential impact of adopting ASU 2018-13 on its Consolidated Financial Statements.

Reorganization Items, Net

Reorganization Items, Net	9 Months Ended
	Sep. 30, 2019
Reorganizations [Abstract]
Reorganization Items, Net	Reorganization Items, Net In accordance with ASC 852, Reorganization items incurred as a result of the Chapter 11 Cases were presented separately in the Predecessor Company's Condensed Consolidated Statement of Operations prior to the Company's emergence from Chapter 11. For the Predecessor Company periods presented herein, Reorganization items were as follows (in thousands): Predecessor Company Period from January 1, 2018 through June 3, 2018 Gain on settlement of Liabilities Subject to Compromise (a) $ 726,831 Fresh start adjustments (b) (179,291 ) Professional fees (c) (54,386 ) Non-cash claims adjustments (d) (15,364 ) Rejected executory contracts (e) (5,976 ) Other (f) (5,613 ) Reorganization Items, net $ 466,201 (a) Liabilities Subject to Compromise have been, or will be settled in accordance with the Plan. (b) Revaluation of certain assets and liabilities upon the adoption of fresh start accounting. (c) Legal, financial advisory and other professional costs directly associated with the reorganization process. (d) The carrying value of certain claims were adjusted to the estimated value of the claim that were allowed by the Bankruptcy Court. (e) Non-cash expenses to record estimated allowed claim amounts related to rejected executory contracts. (f) Federal Communications Commission filing and United States Trustee fees directly associated with the reorganization process and the write-off of Predecessor director and officer insurance policies. During the Predecessor Company periods presented herein, the Company made cash payments of approximately $58.4 million for Reorganization items. Costs incurred as a result of the Chapter 11 Cases by the Successor Company subsequent to its emergence from Chapter 11 are classified as restructuring costs within Corporate Expenses in the Successor Company's Condensed Consolidated Statement of Operations.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2019
Acquisitions and Dispositions [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Entercom Asset Exchange On May 9, 2019, the Company completed its previously announced swap agreement with Entercom ("Entercom Swap"). In connection with the agreement, the Company received WNTR-FM, WXNT- AM, and WZPL-FM in Indianapolis, IN and Entercom received WNSH-FM (New York, NY) and WMAS-FM and WHLL-AM (both in Springfield, MA). During the third quarter of 2019, the Company completed the accounting for the Entercom Swap. The table below summarizes the purchase price allocation for the Entercom Swap (dollars in thousands): Assets Acquired Broadcast licenses $ 20,790 Property and equipment, net 1,711 Total assets acquired $ 22,501 Assets Disposed Broadcast licenses $ (23,565 ) Property and equipment, net (703 ) Other intangibles (395 ) Total assets disposed $ (24,663 ) As a result of changes during the measurement period to the valuation of the assets acquired, the Company recognized a loss on the exchange in the amount of $2.2 million as of September 30, 2019 which is included in the (Gain) Loss on Sale or Disposal of Assets or Stations financial statement line item of the Company’s Condensed Consolidated statement of Operations for the three and nine month periods ended September 30, 2019. Connoisseur Media Asset Exchange On June 26, 2019, the Company completed its previously announced swap agreement with Connoisseur Media (the "Connoisseur Swap"). In connection with the agreement, the Company received WODE-FM, WWYY-FM, WEEX-AM and WTKZ-AM in and around Allentown, PA and Connoisseur Media received WEBE-FM in Westport, CT, and WICC-AM in Bridgeport, CT. The carrying value of the assets transferred to Connoisseur Media as part of the Connoisseur Swap was approximately $3.7 million . The fair value of assets acquired in the Connoisseur Swap was approximately equal to the carrying value of the assets transferred. During the third quarter of 2019, the Company completed the accounting for the Connoisseur Swap. No gain or loss was recognized on the Connoisseur Swap for the three and nine month periods ended September 30, 2019. Educational Media Foundation Sale On May 31, 2019, the Company completed its previously announced sale of six radio stations, WYAY-FM (Atlanta, GA), WPLJ-FM (New York, NY), KFFG-FM (San Francisco, CA), WZAT-FM (Savannah, GA), WXTL-FM (Syracuse, NY), and WRQX-FM (Washington, DC) to Educational Media Foundation for $103.5 million in cash (the "EMF Sale"). The Company recorded a gain of $47.6 million on the sale which is included in the (Gain) Loss on Sale or Disposal of Assets or Stations financial statement line item of the Company's Condensed Consolidated Statements of Operations for the nine month period ended September 30, 2019. Meruelo Media Sale On July 15, 2019, the Company completed its previously announced sale of KLOS-FM in Los Angeles, CA to Meruelo Media for $43.0 million in cash (the "KLOS Sale"). Prior to the completion of the sale, Meruelo Media began programming KLOS-FM under a Local Marketing Agreement on April 16, 2019. The Company recorded a gain of $10.5 million on the sale which is included in the (Gain) Loss on Sale or Disposal of Assets or Stations financial statement line item of the Company’s Condensed Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenue Recognition Revenues are recognized when control of the promised goods or services are transferred to the customer, in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The following table presents revenues disaggregated by revenue source (dollars in thousands): Successor Company Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Advertising revenues (broadcast, digital, non-traditional revenue (“NTR”) and trade) $ 276,230 $ 277,070 Non-advertising revenues (tower rental and other) 4,578 5,184 Total Revenue $ 280,808 $ 282,254 Successor Company Predecessor Company Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Advertising revenues (broadcast, digital, non-traditional revenue (“NTR”) and trade) $ 813,066 $ 370,091 $ 445,019 Non-advertising revenues (tower rental and other) 14,911 7,167 8,905 Total Revenue $ 827,977 $ 377,258 $ 453,924 Trade and Barter Transactions The Company provides advertising time in exchange for goods or services such as products, supplies, or services. Trade revenue totaled $9.4 million and $33.4 million for the three and nine months ended September 30, 2019 (Successor Company). Trade revenue totaled $10.6 million , $13.9 million and $19.0 million for the three months ended September 30, 2018 (Successor Company), period from June 4, 2018 through September 30, 2018 (Successor Company), and January 1, 2018 through June 3, 2018 (Predecessor Company), respectively. Contract Costs The Company capitalizes certain incremental costs of obtaining contracts with customers which it expects to recover. For contracts with a client whose customer life covers a year or less, the Company uses the practical expedient that allows expensing commissions as they are incurred. For contracts where the new and renewal commission rates are commensurate, management uses the contract life for the amortization period. As such, the Company will continue to expense commissions as incurred for the revenue streams where the new and renewal commission rates are commensurate and the contract life is less than one year. These costs are recorded within Selling, general and administrative expenses. The Company does not apply the practical expedient option to new local revenue contracts, because the commission rates for new and renewal contracts is not commensurate and the customer life is typically in excess of one year. As of September 30, 2019 , and December 31, 2018, the Company recorded assets of approximately $7.7 million and $6.5 million related to the unamortized portion of commission expense on new local revenue. Remaining Performance Obligations The Company has contracts with customers which the Company believes will produce revenue beyond one year. From these contracts, the Company estimates it will recognize approximately $11.8 million of revenue.

Restricted Cash

Restricted Cash	9 Months Ended
	Sep. 30, 2019
Cash and Cash Equivalents [Abstract]
Restricted Cash	Restricted Cash As of September 30, 2019 , and December 31, 2018 , the Condensed Consolidated Balance Sheets included approximately $1.4 million and $2.5 million in restricted cash, respectively. Restricted cash is used primarily to collateralize standby letters of credit for certain leases and insurance policies.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets The following table presents the Company's intangible assets as of September 30, 2019 and December 31, 2018 (dollars in thousands): Indefinite-Lived Definite-Lived Total Balance as of December 31, 2018 $ 956,836 $ 172,351 $ 1,129,187 Assets held for sale (See Note 1) (5,935 ) (176 ) (6,111 ) Dispositions (108,069 ) (1,119 ) (109,188 ) Acquisitions (See Note 3) 24,111 — 24,111 Amortization — (19,720 ) (19,720 ) Other (a) — (1,934 ) (1,934 ) Balance as of September 30, 2019 $ 866,943 $ 149,402 $ 1,016,345 (a) Reclassification of leasehold intangibles to right of use assets related to the adoption of ASC 842. The Company's indefinite-lived intangible assets consist of broadcasting licenses and trademarks, while the Company's definite-lived intangible assets consist of broadcast advertising and affiliate relationships. The Company performs impairment testing of its broadcasting licenses annually as of December 31 of each year and on an interim basis if events or circumstances indicate that broadcasting licenses may be impaired. The Company reviews the carrying value of its other intangible assets, primarily trademarks, broadcast advertising and affiliate relationships for recoverability prior to its annual impairment test and whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Events and circumstances did not necessitate any interim impairment tests during the three and nine months ended September 30, 2019 .

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The Company’s long-term debt consisted of the following as of September 30, 2019 and December 31, 2018 (dollars in thousands): September 30, 2019 December 31, 2018 Term Loan due 2022 $ — $ 1,230,299 Plus: current portion of Term Loan due 2022 — 13,000 Less: unamortized debt issuance costs — — Total Term Loan due 2022 — 1,243,299 Term Loan due 2026 $ 519,750 $ — Plus: current portion of Term Loan due 2026 5,250 — Less: unamortized debt issuance costs (5,126 ) — Total Term Loan due 2026 519,874 — 6.75% Senior Notes 500,000 — Less: unamortized debt issuance costs (7,109 ) — Total 6.75% Senior Notes 492,891 — Long-term debt, net $ 1,012,765 $ 1,243,299 Credit Agreement (Term Loan due 2022) On the Effective Date pursuant to the terms of the Plan, Cumulus Media New Holdings Inc., a Delaware corporation (“Holdings”) and an indirectly wholly-owned subsidiary of the Company, and certain of the Company’s other subsidiaries, entered into the credit agreement with Wilmington Trust, National Association, as Administrative Agent and the other banks and financial institutions party thereto as Lenders (the "Credit Agreement"), which replaced the Amended and Restated Credit Agreement, dated as of December 23, 2013, by and among Cumulus Media Inc., Cumulus Media Holdings Inc., as borrower, certain lenders, JPMorgan Chase Bank, N.A., as lender and Administrative Agent, Royal Bank of Canada and Macquarie Capital (USA) Inc., as co-syndication agents, and Credit Suisse AG, Cayman Islands Branch, Fifth Third Bank, Goldman Sachs Bank USA and ING Capital LLC, as co-documentation agents (the "Canceled Credit Agreement”), pursuant to which Old Cumulus had outstanding term loans in the amount of $1.7 billion (the “Predecessor Term Loan”). Pursuant to the Credit Agreement, the lenders party thereto were deemed to have provided Holdings and its subsidiaries that are party thereto as co-borrowers with a $1.3 billion senior secured Term Loan (the “Term Loan due 2022”). On March 18, 2019, the Company purchased $25.4 million of face value of the Term Loan for $25.0 million , a discount to par value of 1.50% . On June 5, 2019, with the proceeds from the EMF Sale (see Note 3 - Acquisitions and Dispositions) and cash on hand, the Company made a $115.0 million voluntary prepayment at par on the Term Loan. On June 26, 2019, the Company used the net proceeds from the issuance of the 6.75% Senior Notes (see below) to make a $492.7 million voluntary prepayment at par on the Term Loan. On July 22, 2019, with the proceeds from the KLOS Sale (see Note 3 - Acquisitions and Dispositions) and cash on hand, the Company made a $50.0 million voluntary prepayment at par on the Term Loan due 2022. On September 26, 2019, the Company repaid $28.7 million via a voluntary prepayment at par in conjunction with the refinancing of the Credit Agreement (see below). Refinanced Credit Agreement (Term Loan due 2026) On September 26, 2019, the Company refinanced all of the remaining Term Loan due 2022 under the Credit Agreement (the “Refinanced Credit Agreement”), by and among Holdings, certain other subsidiaries of the Company, Bank of America, N.A., as Administrative Agent, and the other banks and financial institutions party thereto as Lenders. Pursuant to the Refinanced Credit Agreement, the lenders party thereto provided Holdings and its subsidiaries that are party thereto as co-borrowers with a $525.0 million senior secured Term Loan (the “Term Loan due 2026”) Amounts outstanding under the Refinanced Credit Agreement bear interest at a per annum rate equal to (i) the London Inter-bank Offered Rate (“LIBOR”) plus an applicable margin of 3.75% , subject to a LIBOR floor of 1.00% , or (ii) the Alternative Base Rate (as defined below) plus an applicable margin of 2.75% , subject to an Alternative Base Rate floor of 2.00% . The Alternative Base Rate is defined, for any day, as the per annum rate equal to the highest of (i) the Federal Funds Rate, as published by the Federal Reserve Bank of New York, plus 1/2 of 1.0%, (ii) the rate identified by Bank of America, N.A. as its "Prime Rate" and (iii) one-month LIBOR plus 1.0% . At September 30, 2019, the Term Loan due 2026 bore interest at a rate of 5.80% per annum. Amounts outstanding under the Term Loan due 2026 amortize in equal quarterly installments of 0.25% of the original principal amount of the Term Loan due 2026 with the balance payable on the maturity date. The maturity date of the Term Loan is March 26, 2026. The Refinanced Credit Agreement contains representations, covenants and events of default that are customary for financing transactions of this nature. Events of default in the Refinanced Credit Agreement include, among others: (a) the failure to pay when due the obligations owing thereunder; (b) the failure to comply with (and not timely remedy, if applicable) certain covenants; (c) certain defaults and accelerations under other indebtedness; (d) the occurrence of bankruptcy or insolvency events; (e) certain judgments against Holdings or any of its subsidiaries; (f) the loss, revocation or suspension of, or any material impairment in the ability to use, any one or more of, any material FCC licenses; (g) any representation or warranty made, or report, certificate or financial statement delivered, to the lenders subsequently proven to have been incorrect in any material respect; and (h) the occurrence of a Change in Control (as defined in the Refinanced Credit Agreement). Upon the occurrence of an event of default, the Administrative Agent may, with the consent of, or upon the request of, the required lenders, accelerate the Term Loan due 2026 and exercise any of its rights as a secured party under the Refinanced Credit Agreement and the ancillary loan documents provided, that in the case of certain bankruptcy or insolvency events with respect to a borrower, the Term Loan due 2026 will automatically accelerate. The Refinanced Credit Agreement does not contain any financial maintenance covenants. The Refinanced Credit Agreement provides that Holdings will be permitted to enter into either a revolving credit facility or receivables facility, subject to certain conditions (see below). The borrowers may elect, at their option, to prepay amounts outstanding under the Refinanced Credit Agreement without premium or penalty. The borrowers may be required to make mandatory prepayments of the Term Loan due 2026 upon the occurrence of specified events as set forth in the Refinanced Credit Agreement, including upon the sale of certain assets and from Excess Cash Flow (as defined in the Refinanced Credit Agreement). Amounts outstanding under the Refinanced Credit Agreement are guaranteed by Cumulus Media Intermediate Inc. (“Intermediate Holdings”), which is a subsidiary of the Company, and the present and future wholly-owned subsidiaries of Holdings that are not borrowers thereunder, subject to certain exceptions as set forth in the Refinanced Credit Agreement (the “Guarantors”) and secured by a security interest in substantially all of the assets of Holdings, the subsidiaries of Holdings party to the Refinanced Credit Agreement as borrowers, and the Guarantors. The Refinanced Credit Agreement was evaluated in accordance with ASC 470-50-40 - Debt-Modifications and Extinguishments-Derecognition , to determine whether the refinancing transaction should be accounted for as a debt modification or extinguishment of the Term Loan due 2022. Each lender involved in the refinancing transaction was analyzed to determine if its participation was a debt modification or an extinguishment. The exiting lenders who chose not to participate in the Term Loan due 2026 were determined to be accounted for as extinguishments. Debt discounts and costs incurred with third parties for the issuance of the Term Loan due 2026 totaling $3.6 million for new lenders were capitalized and amortized over the term of the Term Loan due 2026. An additional $1.5 million of debt discount for the issuance of the Term Loan due 2026 were capitalized for continuing lenders deemed to be modified. These capitalized fees associated with new and continuing lenders are presented as cash flows from financing activities on the Consolidated Statements of Cash Flows. Costs incurred with third-parties for the issuance of the Term Loan due 2026 of $3.5 million related to modification for continuing lenders were expensed and included in Interest Expense in Consolidated Statements of Operations. Revolving Credit Agreement On August 17, 2018, Holdings entered into a $50.0 million revolving credit facility (the “Revolving Credit Facility”) pursuant to a credit agreement (the “Revolving Credit Agreement”), dated as of August 17, 2018, with certain subsidiaries of Holdings as borrowers, Intermediate Holdings as a guarantor, certain lenders, and Deutsche Bank AG New York Branch as a lender and Administrative Agent. The Revolving Credit Facility matures on August 17, 2023. Availability under the Revolving Credit Facility is generally determined by a borrowing base formula that includes 85% of the accounts receivable of the borrowers and the guarantors, subject to customary reserves and eligibility criteria. Under the Revolving Credit Facility, up to $10.0 million of availability may be drawn in the form of letters of credit. Borrowings under the Revolving Credit Facility bear interest, at the option of Holdings, based on (i) LIBOR plus a percentage spread (ranging from 1.25 % to 1.75 %) based on the average daily excess availability under the Revolving Credit Facility or (ii) the Alternative Base Rate (as defined below) plus a percentage spread (ranging from 0.25 % to 0.75 %) based on the average daily excess availability under the Revolving Credit Facility. The Alternative Base Rate is defined, for any day, as the per annum rate equal to the highest of (i) the federal funds rate plus 1/2 of 1.0%, (ii) the rate identified as the “Prime Rate” and normally published in the Money Rates section of the Wall Street Journal, and (iii) one-month LIBOR plus 1.0 %. In addition, the unused portion of the Revolving Credit Facility is subject to a commitment fee ranging from 0.250 % to 0.375 % based on the utilization of the facility. The Revolving Credit Agreement contains representations, covenants and events of default that are customary for financing transactions of this nature. Events of default in the Revolving Credit Agreement include, among others: (a) the failure to pay when due the obligations owing thereunder; (b) the failure to comply with (and not timely remedy, if applicable) certain covenants; (c) certain defaults and accelerations under other indebtedness; (d) the occurrence of bankruptcy or insolvency events; (e) certain judgments against Holdings or any of its subsidiaries; (f) the loss, revocation or suspension of, or any material impairment in the ability to use, any one or more of, any material Federal Communications Commission licenses; (g) any representation or warranty made, or report, certificate or financial statement delivered, to the lenders subsequently proven to have been incorrect in any material respect; and (h) the occurrence of a Change in Control (as defined in the Revolving Credit Agreement). Upon the occurrence of an event of default, the lenders may terminate the loan commitments, accelerate all loans then outstanding and exercise any of their rights under the Revolving Credit Agreement and the ancillary loan documents as a secured party. The Revolving Credit Agreement does not contain any financial maintenance covenants with which the Company must comply. However, if average excess availability under the Revolving Credit Facility is less than the greater of (a) 12.50 % of the total commitments thereunder or (b) $5.0 million , the Company must comply with a fixed charge coverage ratio of not less than 1 .0:1.0. Amounts outstanding under the Revolving Credit Agreement are guaranteed by Intermediate Holdings and the present and future wholly-owned subsidiaries of Holdings that are not borrowers thereunder, subject to certain exceptions as set forth in the Revolving Credit Agreement (the “Revolver Guarantors”) and secured by a security interest in substantially all of the assets of Holdings, the subsidiaries of Holdings party to the Credit Agreement and Refinanced Credit Agreement as borrowers, and the Revolver Guarantors. As of September 30, 2019 , and December 31, 2018, $3.4 million and $2.8 million were outstanding in the form of letters of credit under the Revolving Credit Facility, respectively. As of September 30, 2019, the Company was in compliance with all required covenants under the Revolving Credit Agreement. 6.75% Senior Notes On June 26, 2019, Holdings (the “Issuer”), and certain of the Company's other subsidiaries, entered into an indenture, dated as of June 26, 2019 (the “Indenture”) with U.S. Bank National Association, as trustee, governing the terms of the Issuer’s $500,000,000 aggregate principal amount of 6.75% Senior Secured First-Lien Notes due 2026 (the “ 6.75% Senior Notes”). The 6.75% Senior Notes were issued on June 26, 2019. The net proceeds from the issuance of the 6.75% Senior Notes were applied to partially repay existing indebtedness under the Term Loan due 2022 (see above). Interest on the 6.75% Senior Notes is payable on January 1 and July 1 of each year, commencing on January 1, 2020. The 6.75% Senior Notes mature on July 1, 2026. The Issuer may redeem some or all of the 6.75% Senior Notes at any time, or from time to time, on or after July 1, 2022, at the following prices: Year Price 2022 103.7500 % 2023 101.6875 % 2024 and thereafter 100.0000 % Prior to July 1, 2022, the Issuer may redeem all or part of the 6.75% Senior Notes upon not less than 30 nor more than 60 days' prior notice, at 100% of the principal amount of the 6.75% Notes redeemed plus a "make whole" premium. The 6.75% Senior Notes are fully and unconditionally guaranteed by Intermediate Holdings and the present and future wholly-owned subsidiaries of Holdings (the "Senior Notes Guarantors"), subject to the terms of the Indenture. Other than certain assets secured on a first priority basis under the Revolving Credit Facility (as to which the 6.75% Senior Notes are secured on a second-priority basis), the 6.75% Senior Notes and related guarantees are secured on a first-priority basis pari passu with the Term Loan due 2026 (subject to certain exceptions) by liens on substantially all of the assets of the Issuer and the Senior Notes Guarantors. The Indenture contains representations, covenants and events of default customary for financing transactions of this nature. At September 30, 2019, the Issuer was in compliance with all required covenants under the Indenture. A default under the 6.75% Senior Notes could cause a default under the Refinanced Credit Agreement. The 6.75% Senior Notes have not been and will not be registered under the federal securities laws or the securities laws of any state or any other jurisdiction. The Company is not required to register the 6.75% Senior Notes for resale under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction and is not required to exchange the 6.75% Senior Notes for notes registered under the Securities Act or the securities laws of any other jurisdiction and has no present intention to do so. As a result, Rule 3-10 of Regulation S-X promulgated by the Securities and Exchange Commission is not applicable and no separate financial statements are required for the guarantor subsidiaries.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table shows the gross amount and fair value of the Term Loan due 2022, Term Loan due 2026 and 6.75% Senior Notes (dollars in thousands): September 30, 2019 December 31, 2018 Term Loan due 2022: Gross value $ — $ 1,243,299 Fair value - Level 2 — 1,182,688 Term Loan due 2026: Gross value $ 525,000 — Fair value - Level 2 525,656 — 6.75% Senior Notes: Gross value $ 500,000 $ — Fair value - Level 2 523,595 — As of September 30, 2019 , the Company used trading prices from a third party of 100.13% and 104.72% to calculate the fair value of the Term Loan due 2026 and the 6.75% Senior Notes, respectively. As of December 31, 2018 , the Company used trading prices from a third party of 95.13% to calculate the fair value of the Term Loan due 2022.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended September 30, 2019 the Company recorded income tax expense of $6.6 million on pre-tax book income of $23.0 million , resulting in an effective tax rate of approximately 28.9% . For the three months ended September 30, 2018, the Company recorded income tax expense of $5.1 million on pre-tax book income of $17.8 million , resulting in an effective tax rate of approximately 28.5% . For the nine months ended September 30, 2019 the Successor Company recorded income tax expense of $23.5 million on pre-tax book income of $83.1 million , resulting in an effective tax rate of approximately 28.2% . For the Successor Company period June 4, 2018 through September 30, 2018, the Company recorded income tax expense of $7.7 million on pre-tax book income of $25.4 million , resulting in an effective tax rate of approximately 30.3% . For the Predecessor Company period January 1, 2018 through June 3, 2018, the Predecessor Company recorded an income tax benefit of $176.9 million on pre-tax book income of $519.3 million , resulting in an effective tax rate of approximately (34.1)% . The difference between the effective tax rate and the federal statutory rate of 21.0% for the three months and nine months ended September 30, 2019 primarily relates to state and local income taxes, the effect of certain statutory non-deductible expenses, excess tax benefits related to share-based compensation awards, and the tax effect of changes in uncertain tax positions. The difference between the effective tax rate and the federal statutory rate of 21.0% for the three months ended September 30, 2018 and the Successor Company period June 4, 2018 through September 30, 2018 was attributable to state and local income taxes, the tax effect of certain statutory non-deductible expenses, changes in valuation allowance, and the tax effect of certain changes in uncertain tax positions. The difference between the effective tax rate and the federal statutory rate of 21.0% for the Predecessor Company period January 1, 2018 through June 3, 2018 primarily related to the income tax exclusion of cancellation of indebtedness income, the Company's elections to increase the tax basis in certain assets, statutory state and local income taxes, the impact of non-deductible expenses, and changes to the valuation allowance. The Company recognizes the benefits of deferred tax assets only as its assessment indicates that it is more likely than not that the deferred tax assets will be recognized in accordance with ASC Topic 740, Income Taxes ("ASC 740"). The Company reviews the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to utilize existing deferred tax assets. As of September 30, 2019, the Company has not recorded a valuation allowance since the Company continues to believe, on the basis of its evaluation, that its deferred tax assets meet the more likely than not recognition standard for recovery. The Company will continue to monitor the valuation of deferred tax assets, which requires judgment in assessing the likely future tax consequences of events that are recognized in the Company's financial statements or tax returns as well as judgment in projecting future profitability.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Common Stock Pursuant to the Company’s amended and restated certificate of incorporation (the “Charter”), the Company is authorized to issue an aggregate of 300,000,000 shares of stock divided into three classes consisting of: (i) 100,000,000 shares of new Class A common stock; (ii) 100,000,000 shares of new Class B common stock; and (iii) 100,000,000 shares of preferred stock. As of September 30, 2019 , the Successor Company had 17,599,176 aggregate issued shares of common stock, and 17,531,343 outstanding shares consisting of: (i) 15,551,068 issued shares and 15,483,235 outstanding shares designated as Class A common stock; and (ii) 2,048,108 issued and outstanding shares designated as Class B common stock. Stock Purchase Warrants On the Effective Date, the Company entered into a warrant agreement (the “Warrant Agreement”) with Computershare Inc., a Delaware corporation, and its wholly-owned subsidiary, Computershare Trust Company, N.A., a federally chartered trust company, as warrant agent. In accordance with the Plan and pursuant to the Warrant Agreement, on the Effective Date, the Company (i) issued 3,016,853 Series 1 warrants (the “Series 1 warrants”) to purchase shares of new Class A common stock or new Class B common stock, on a one-for-one basis with an exercise price of $0.0000001 per share, to certain claimants with claims against the Predecessor Company and (ii) issued or will issue 712,736 Series 2 warrants (the “Series 2 warrants” and, together with the Series 1 warrants the “Warrants”) to purchase shares of new Class A common stock or new Class B common stock on a one-for-one basis with an exercise price of $0.0000001 per share, to other claimants. The Warrants expire on June 4, 2038.

Stock-Based Compensation Expens

Stock-Based Compensation Expense	9 Months Ended
	Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Expense	Stock-Based Compensation Expense In accordance with the Plan and with the approval of the Board, the Long-Term Incentive Plan (the “Incentive Plan”) became effective as of the Effective Date. The Incentive Plan is intended to, among other things, help attract, motivate and retain key employees and directors and to reward them for making major contributions to the success of the Company. The Incentive Plan permits awards to be made to employees, directors, or consultants of the Company or an affiliate of the Company. On or about the Effective Date and pursuant to the Plan, the Company granted 562,217 restricted stock units (“RSUs”) and 562,217 stock options (“Options”) under the Incentive Plan and the terms of the relevant restricted stock unit agreements (the “Restricted Stock Unit Agreements”) and stock option agreements (the “Option Agreements”), as applicable, to certain employees, including its executive officers (collectively, “Management”), representing an aggregate of 1,124,434 shares of new Class A common stock (collectively, the “Management Emergence Awards”). The Company granted to Management an additional 200,600 RSUs on February 1, 2019 and an additional 10,000 RSUs on May 1, 2019. In addition, on or about the Effective Date and pursuant to the Plan, the Company granted each non-employee director certain RSUs and Options under the Incentive Plan and the terms of the relevant Restricted Stock Unit Agreements and Option Agreements, as applicable, representing an aggregate of 56,721 shares of new Class A common stock (the “Director Emergence Awards”). On April 30, 2019, the Company granted an additional 37,555 RSUs to its non-employee directors. The following table discloses the total grants awarded for the Successor Company and Predecessor Company periods presented below: Successor Company Predecessor Company Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Stock option grants — — 581,124 — Restricted stock unit grants — 248,155 600,031 — Total grants — 248,155 1,181,155 — The following tables disclose total share-based compensation expense included in “Corporate expenses” in the accompanying Condensed Consolidated Statements of Operations for the Successor Company and Predecessor Company periods presented below (in thousands): Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Stock option grants $ 315 $ 134 Restricted stock unit grants 1,177 997 Total expense $ 1,492 $ 1,131 Successor Company Predecessor Company Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Stock option grants $ 930 $ 466 $ 231 Restricted stock unit grants 2,876 1,317 — Total expense $ 3,806 $ 1,783 $ 231

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding, excluding unvested restricted shares. The Company calculates diluted earnings per share by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of all outstanding share-based awards, including stock options and restricted stock awards. Warrants generally are included in basic and diluted shares outstanding because there is little or no consideration paid upon exercise of the Warrants. Antidilutive instruments are not considered in this calculation. The Company applies the two-class method to calculate earnings per share. Because both classes share the same rights in dividends and earnings, earnings per share (basic and diluted) are the same for both classes. The following table presents the basic and diluted earnings per share, and the reconciliation of basic to diluted weighted average common shares (in thousands): Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Basic Earnings Per Share Numerator: Undistributed net income from operations $ 16,323 $ 12,713 Basic net income attributable to common shares $ 16,323 $ 12,713 Denominator: Basic weighted average shares outstanding 20,165 20,005 Basic undistributed net income per share attributable to common shares $ 0.81 $ 0.64 Diluted Earnings Per Share Numerator: Undistributed net income from operations $ 16,323 $ 12,713 Diluted net income attributable to common shares $ 16,323 $ 12,713 Denominator: Basic weighted average shares outstanding 20,165 20,005 Effect of dilutive options and restricted share units 51 65 Diluted weighted average shares outstanding 20,216 20,070 Diluted undistributed net income per share attributable to common shares $ 0.81 $ 0.63 Successor Company Predecessor Company Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Basic Earnings Per Share Numerator: Undistributed net income from operations $ 59,635 $ 17,693 $ 696,156 Basic net income attributable to common shares $ 59,635 $ 17,693 $ 696,156 Denominator: Basic weighted average shares outstanding 20,116 20,009 29,338 Basic undistributed net income per share attributable to common shares $ 2.96 $ 0.88 $ 23.73 Diluted Earnings Per Share Numerator: Undistributed net income from operations $ 59,635 $ 17,693 $ 696,156 Diluted net income attributable to common shares $ 59,635 $ 17,693 $ 696,156 Denominator: Basic weighted average shares outstanding 20,116 20,009 29,338 Effect of dilutive options and restricted share units 134 42 — Diluted weighted average shares outstanding 20,250 20,051 29,338 Diluted undistributed net income per share attributable to common shares $ 2.95 $ 0.88 $ 23.73

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases As described in Note 1, the Company adopted ASU 2016-02 ("ASC 842") effective January 1, 2019 using a modified retrospective approach and elected the practical expedients allowed under the standard. The Company has entered into various lease agreements both as the lessor and lessee. The leases have been classified as either operating or finance leases in accordance with ASC 842, and primarily consist of leases for land, tower space, office space, certain office equipment and vehicles. The Company also has sublease arrangements that provide a nominal amount of income. A right-of-use asset and lease liability have been recorded on the balance sheet for all leases except those with an original lease term of twelve months or less. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As a lessor, we reserve the rights to the underlying assets in our agreements and do not expect to derive any amounts at the end of the lease terms. The Company's leases typically have lease terms between five to ten years . Most of these leases include one or more renewal options for periods ranging from one to ten years . At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability. The Company assumes that certain tower and land leases will be renewed for one additional term. The Company estimates the discount rate used to determine the present value of lease payments based on information available at lease commencement. The following table presents the Company's total right-of-use assets and lease liabilities as of September 30, 2019 (dollars in thousands): Balance Sheet Location September 30, 2019 Right-of-Use Assets Operating Operating lease right-of-use assets $ 148,321 Finance, net of accumulated amortization of $267 Other assets 412 Total Assets $ 148,733 Liabilities Current Operating Current portion of operating lease liabilities $ 35,371 Finance Accounts payable and accrued liabilities 269 Noncurrent Operating Operating lease liabilities 114,591 Finance Other liabilities 144 Total Liabilities $ 150,375 The following table presents the total lease cost for the three and nine months ended September 30, 2019 (dollars in thousands): Statement of Operations Location Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating Lease Cost Selling, general and administrative expenses; Corporate expenses $ 9,041 $ 28,836 Finance Lease Cost Amortization of right-of-use assets Depreciation and amortization 99 322 Interest on lease liabilities Interest expense 10 34 Total Lease Cost $ 9,150 $ 29,192 Total lease income related to our lessor arrangements was $0.7 million and $2.1 million for the three and nine months ended September 30, 2019. Other Supplementary Data Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,911 $ 16,412 Operating cash flows from finance leases 10 34 Financing cash flows from finance leases 97 320 Financing cash flows from failed sale leaseback 298 894 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,980 $ 21,203 September 30, 2019 Weighted Average Remaining Lease Term (in years) Operating leases 8.06 Finance leases 2.21 Weighted Average Discount Rate Operating leases 7.47 % Finance leases 7.50 % As of September 30, 2019, future minimum lease payments, as defined under ASC 842, for the following five fiscal years and thereafter were as follows (dollars in thousands): Operating Leases Finance Leases Total 2019 $ 8,540 $ 96 $ 8,636 2020 32,753 206 32,959 2021 26,474 99 26,573 2022 24,300 38 24,338 2023 22,530 6 22,536 Thereafter 88,158 — 88,158 Total lease payments $ 202,755 $ 445 $ 203,200 Less: imputed interest (52,794 ) (31 ) (52,825 ) Total $ 149,961 $ 414 $ 150,375 As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, Leases , under non-cancelable operating leases for the following five fiscal years and thereafter were as follows (dollars in thousands): Year Ending December 31: Future Minimum Rent Under Operating Leases Future Minimum Sublease Income Future Minimum Commitments Under Failed Sale Leaseback Agreement Net Commitments 2019 $ 34,356 $ (1,719 ) $ 1,193 $ 33,830 2020 29,242 (1,719 ) 1,557 29,080 2021 22,717 — 1,603 24,320 2022 19,885 — 1,650 21,535 2023 16,280 — 1,701 17,981 Thereafter 45,959 — 2,052 48,011 $ 168,439 $ (3,438 ) $ 9,756 $ 174,757 Future minimum payments related to the Company's failed sale-leaseback as of September 30, 2019 were as follows (dollars in thousands): Total 2019 $ 298 2020 1,557 2021 1,603 2022 1,650 2023 1,701 Thereafter 2,052 Total lease payments $ 8,861 Future minimum payments to be received under the Company's lessor arrangements as of September 30, 2019 were as follows (dollars in thousands): Operating Leases 2019 $ 764 2020 2,785 2021 2,225 2022 1,940 2023 1,503 Thereafter 2,559 Total lease receivables $ 11,776
Leases	Leases As described in Note 1, the Company adopted ASU 2016-02 ("ASC 842") effective January 1, 2019 using a modified retrospective approach and elected the practical expedients allowed under the standard. The Company has entered into various lease agreements both as the lessor and lessee. The leases have been classified as either operating or finance leases in accordance with ASC 842, and primarily consist of leases for land, tower space, office space, certain office equipment and vehicles. The Company also has sublease arrangements that provide a nominal amount of income. A right-of-use asset and lease liability have been recorded on the balance sheet for all leases except those with an original lease term of twelve months or less. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As a lessor, we reserve the rights to the underlying assets in our agreements and do not expect to derive any amounts at the end of the lease terms. The Company's leases typically have lease terms between five to ten years . Most of these leases include one or more renewal options for periods ranging from one to ten years . At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability. The Company assumes that certain tower and land leases will be renewed for one additional term. The Company estimates the discount rate used to determine the present value of lease payments based on information available at lease commencement. The following table presents the Company's total right-of-use assets and lease liabilities as of September 30, 2019 (dollars in thousands): Balance Sheet Location September 30, 2019 Right-of-Use Assets Operating Operating lease right-of-use assets $ 148,321 Finance, net of accumulated amortization of $267 Other assets 412 Total Assets $ 148,733 Liabilities Current Operating Current portion of operating lease liabilities $ 35,371 Finance Accounts payable and accrued liabilities 269 Noncurrent Operating Operating lease liabilities 114,591 Finance Other liabilities 144 Total Liabilities $ 150,375 The following table presents the total lease cost for the three and nine months ended September 30, 2019 (dollars in thousands): Statement of Operations Location Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating Lease Cost Selling, general and administrative expenses; Corporate expenses $ 9,041 $ 28,836 Finance Lease Cost Amortization of right-of-use assets Depreciation and amortization 99 322 Interest on lease liabilities Interest expense 10 34 Total Lease Cost $ 9,150 $ 29,192 Total lease income related to our lessor arrangements was $0.7 million and $2.1 million for the three and nine months ended September 30, 2019. Other Supplementary Data Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,911 $ 16,412 Operating cash flows from finance leases 10 34 Financing cash flows from finance leases 97 320 Financing cash flows from failed sale leaseback 298 894 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,980 $ 21,203 September 30, 2019 Weighted Average Remaining Lease Term (in years) Operating leases 8.06 Finance leases 2.21 Weighted Average Discount Rate Operating leases 7.47 % Finance leases 7.50 % As of September 30, 2019, future minimum lease payments, as defined under ASC 842, for the following five fiscal years and thereafter were as follows (dollars in thousands): Operating Leases Finance Leases Total 2019 $ 8,540 $ 96 $ 8,636 2020 32,753 206 32,959 2021 26,474 99 26,573 2022 24,300 38 24,338 2023 22,530 6 22,536 Thereafter 88,158 — 88,158 Total lease payments $ 202,755 $ 445 $ 203,200 Less: imputed interest (52,794 ) (31 ) (52,825 ) Total $ 149,961 $ 414 $ 150,375 As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, Leases , under non-cancelable operating leases for the following five fiscal years and thereafter were as follows (dollars in thousands): Year Ending December 31: Future Minimum Rent Under Operating Leases Future Minimum Sublease Income Future Minimum Commitments Under Failed Sale Leaseback Agreement Net Commitments 2019 $ 34,356 $ (1,719 ) $ 1,193 $ 33,830 2020 29,242 (1,719 ) 1,557 29,080 2021 22,717 — 1,603 24,320 2022 19,885 — 1,650 21,535 2023 16,280 — 1,701 17,981 Thereafter 45,959 — 2,052 48,011 $ 168,439 $ (3,438 ) $ 9,756 $ 174,757 Future minimum payments related to the Company's failed sale-leaseback as of September 30, 2019 were as follows (dollars in thousands): Total 2019 $ 298 2020 1,557 2021 1,603 2022 1,650 2023 1,701 Thereafter 2,052 Total lease payments $ 8,861 Future minimum payments to be received under the Company's lessor arrangements as of September 30, 2019 were as follows (dollars in thousands): Operating Leases 2019 $ 764 2020 2,785 2021 2,225 2022 1,940 2023 1,503 Thereafter 2,559 Total lease receivables $ 11,776

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Future Commitments The radio broadcast industry’s principal ratings service is Nielsen Audio (“Nielsen”), which publishes surveys for domestic radio markets. Certain of the Company’s subsidiaries have agreements with Nielsen under which they receive programming ratings information. The remaining aggregate obligation under the agreements with Nielsen is approximately $114.0 million , as of September 30, 2019 , and is expected to be paid in accordance with the agreements through December 2021. The Company engages Katz Media Group, Inc. (“Katz”) as its national advertising sales agent. The national advertising agency contract with Katz contains termination provisions that, if exercised by the Company during the term of the contract, would obligate the Company to pay a termination fee to Katz, based upon a formula set forth in the contract. The Company is committed under various contractual agreements to pay for broadcast rights that include sports and news content and to pay for talent, executives, research, weather and traffic information and other content and services. The Company from time to time enters into radio network contractual obligations to guarantee a minimum amount of revenue share to contractual counterparties on certain programming in future years. As of September 30, 2019, the Company believes that it will meet all such material minimum obligations. Legal Proceedings In August 2015, the Company was named as a defendant in two separate putative class action lawsuits relating to its use and public performance of certain sound recordings fixed prior to February 15, 1972 (the "Pre-1972 Recordings"). The first suit, ABS Entertainment, Inc., et. al. v, Cumulus Media Inc., was filed in the United States District Court for the Central District of California and alleged, among other things, copyright infringement under California state law, common law conversion, misappropriation and unfair business practices. On December 11, 2015, this suit was dismissed without prejudice. The second suit, ABS Entertainment, Inc., v. Cumulus Media Inc., was filed in the United States District Court for the Southern District of New York and claimed, among other things, common law copyright infringement and unfair competition. The New York lawsuit was stayed pending an appeal before the Second Circuit involving unrelated third parties over whether the owner of a Pre-1972 Recording holds an exclusive right to publicly perform that recording under New York common law. On December 20, 2016, the New York Court of Appeals held that New York common law does not recognize a right of public performance for owners of pre-1972 Recordings. As a result of that case (to which Cumulus Media Inc. was not a party) the New York case against Cumulus Media Inc., was voluntarily dismissed by the plaintiffs on April 3, 2017. On October 11, 2018, President Trump signed the Orrin G. Hatch-Bob Goodlatte Music Modernization Act into law, which, among other things, provides new federal rights going forward for owners of pre-1972 Recordings. The question of whether public performance rights existed for Pre-1972 recordings under state law prior to the enactment of the new Music Modernization Act is still being litigated in the Ninth Circuit as a result of a case filed in California. Cumulus is not a party to that case, and the Company is not yet able to determine what effect that proceeding will have, if any, on its financial position, results of operations or cash flows. The Company currently is, and expects that from time to time in the future it will be, party to, or a defendant in, various other claims or lawsuits that are generally incidental to its business. The Company expects that it will vigorously contest any such claims or lawsuits and believes that the ultimate resolution of any such known claim or lawsuit will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

Nature of Business, Interim F_2

Nature of Business, Interim Financial Data and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Cumulus Media Inc. and its consolidated subsidiaries, except as the context may otherwise require, (“CUMULUS MEDIA,” “we,” “us,” “our,” or the “Company”) is a Delaware corporation, organized in 2018, and successor to a Delaware corporation with the same name that had been organized in 2002.
Basis of Presentation	Basis of Presentation As previously disclosed, on November 29, 2017 (the “Petition Date”), CM Wind Down Topco Inc. (formerly known as Cumulus Media Inc.), a Delaware corporation (“Old Cumulus”) and certain of its direct and indirect subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief (the “Bankruptcy Petitions”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The Debtors’ chapter 11 cases (the "Chapter 11 Cases") were jointly administered under the caption In re Cumulus Media Inc., et al, Case No. 17-13381. On May 10, 2018, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law and Order Confirming the Debtors’ First Amended Joint Chapter 11 Plan of Reorganization [Docket No. 769] (the “Confirmation Order”), which confirmed the First Amended Joint Plan of Reorganization of Cumulus Media Inc. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 446] (the “Plan”), as modified by the Confirmation Order. On June 4, 2018 (the “Effective Date”), Old Cumulus satisfied the conditions to effectiveness set forth in the Confirmation Order and in the Plan, the Plan was substantially consummated, and Old Cumulus and the other Debtors emerged from Chapter 11. On June 29, 2018, the Bankruptcy Court entered an order closing the Chapter 11 Cases of all the Debtors other than Old Cumulus, whose case will remain open until its estate has been fully administered including resolving outstanding claims and the Bankruptcy Court enters an order closing its case. In connection with its emergence, Old Cumulus implemented a series of internal reorganization transactions authorized by the Plan pursuant to which it transferred substantially all its remaining assets to an indirectly wholly owned subsidiary of reorganized Cumulus Media Inc. (formerly known as CM Emergence Newco Inc.), a Delaware corporation (“CUMULUS MEDIA” or the “Company”), prior to winding down its business. References to “Successor” or “Successor Company” relate to CUMULUS MEDIA on and subsequent to June 4, 2018. References to “Predecessor,” “Predecessor Company” or “Old Cumulus” refer to Cumulus Media Inc. prior to June 4, 2018. Upon emergence from Chapter 11 on the Effective Date, the Company applied Accounting Standards Codification (“ASC”) 852 - Reorganizations (“ASC 852”) in preparing its consolidated financial statements. As a result of the application of fresh start accounting and the effects of the implementation of the Plan, a new entity for financial reporting purposes was created, and consequently the consolidated financial statements on and after June 4, 2018 generally are not comparable to the consolidated financial statements prior to that date. The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reporting Segment The Company historically operated under two reportable segments - Cumulus Radio Station Group (“CRSG”) and Westwood One (“WWO”). As a result of changes to its organizational structure and approach to operating the business during the third quarter of 2019, the Company reassessed its reportable segments. Management considered factors including, but not limited to: (i) organizational structure and functional responsibilities of management; (ii) operational aspects including inventory optimization across all sales channels; and (iii) management incentive metrics. These factors impacted how the Chief Operating Decision Maker evaluates performance and how operating decisions are made, which are now performed at the consolidated level. The Company concluded that we have one reportable segment and have presented the comparative periods on a consolidated basis to reflect the one reportable segment. Interim Financial Data In the opinion of management, the Company's unaudited condensed consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair statement of the results for the interim periods presented herein. The results for the interim periods are not necessarily indicative of those for the full year. The condensed consolidated financial statements herein should be read in conjunction with our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including significant estimates related to revenue recognition, bad debts, intangible assets, income taxes, stock-based compensation, contingencies, litigation, valuation assumptions for impairment analysis, certain expense accruals, leases and, if applicable, purchase price allocations. The Company bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. Actual amounts and results may differ materially from these estimates.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) includes net income (loss) and certain items that are excluded from net income (loss) and recorded as a separate component of stockholders' equity (deficit). During the three and nine months ended September 30, 2019 (Successor Company) and periods from January 1, 2018 through June 3, 2018 (Predecessor Company), and June 4, 2018 through September 30, 2018 (Successor Company) and the three month period ended September 30, 2018 (Successor Company), the Company had no items of other comprehensive income (loss) and, therefore, comprehensive income (loss) does not differ from reported net income (loss).
Assets Held for Sale	Assets Held for Sale During the year ended December 31, 2015, the Company entered into an agreement to sell certain land in the Company's Washington, DC market ("DC Land") to a third party. On September 18, 2019, the agreement was amended to, among other changes, adjust the purchase price to a total of $75.0 million . The Company recorded a $5.0 million impairment on the DC Land in the third quarter of 2019 to adjust the carrying value of this asset to fair value. The impairment is included in the Impairment of Assets Held for Sale financial statement line item of the Company's Condensed Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019. The sale is subject to various conditions and approvals, including, without limitation, the receipt by the buyer of certain required permits and approvals for its expected use of the land. There can be no assurance that such sale will be completed at the agreed price or at all. On June 27, 2019, the Company announced that it had entered into an agreement to sell WABC-AM in New York, NY to Red Apple Media, Inc. ("WABC Sale"). The closing of the WABC Sale is subject to various conditions which remain pending. The Company expects the WABC Sale to close within the next six months.
Recent Accounting Standards Updates and Adoption of New Accounting Standards and Recent Accounting Standards Updates	Adoption of New Accounting Standards ASU 2016-02 - Leases (“ASU 2016-02”) . In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, which provides updated guidance for the accounting for leases. This update requires lessees to recognize assets and liabilities for the rights and obligations created by leases with a term longer than one year. Leases will be classified as either financing or operating, thereby impacting the pattern of expense recognition in the statement of operations. In July 2018, the FASB issued ASU 2018-10 - Codification Improvements to Topic 842, Leases ("ASU 2018-10") and ASU 2018-11 - Targeted Improvements ("ASU 2018-11"), which provide technical corrections and clarification to ASU 2016-02. ASU 2016-02 and amendments ASU 2018-10 and ASU 2018-11 became effective for fiscal years beginning after December 15, 2018, and interim periods thereafter. The standard requires the application of a modified retrospective approach by either applying the lease standard to each lease that existed at the beginning of the earliest comparative period presented in the financial statements, as well as leases that commenced after that date and recognizing a cumulative effect adjustment for leases that commenced prior to the beginning of the earliest comparative period presented, or applying the standard to the leases that commenced as of the beginning of the reporting period in which the entity first applies the leases standard with a cumulative effect adjustment as of that date. The Company adopted this standard on January 1, 2019 and elected the "package of practical expedients" and as a result did not recast existing leases prior to January 1, 2019. The new lease standard also provides as a practical expedient and an accounting policy election, the option to not separate non-lease components from the associated lease components and instead account for each separate lease component and its associated non-lease components as a single lease component. The Company elected this option both for leases under which it is the lessor and for leases under which it is the lessee. In adopting the new standard, the Company aggregated and evaluated lease arrangements, implemented new controls and processes, and installed a lease accounting system. Adoption of the new standard resulted in recording operating lease right-of-use assets and operating lease liabilities of approximately $156.1 million and $154.5 million on January 1, 2019. See Note 13 Leases for further information. ASU 2018-07 - Compensation - Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting (“ASU 2018-07”). The standard aligns the accounting for share-based payment awards issued to employees and non-employees. Changes to the accounting for non-employee awards include: (1) equity-classified share-based payment awards issued to non-employees will now be measured on the grant date, instead of the previous requirement to re-measure the awards through the performance completion date; (2) for performance conditions, compensation cost associated with the award will be recognized when achievement of the performance condition is probable, rather than upon achievement of the performance condition; and (3) the current requirement to reassess the classification (equity or liability) for nonemployee awards upon vesting will be eliminated, except for awards in the form of convertible instruments. The guidance should be applied to all new awards granted after the date of adoption. In addition, the modified retrospective approach should be used on all liability-classified awards that have not been settled and equity-classified awards for which a measurement date has not been established by the adoption date by re-measurement at fair value as of the adoption date with a cumulative effect adjustment to opening retained earnings in the fiscal year of adoption. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company adopted ASU 2018-07 as of January 1, 2019 and there was no material impact to the Condensed Consolidated Financial Statements. Recent Accounting Standards Updates ASU 2016-13 - Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). In June 2016, the FASB issued ASU 2016-13 which requires entities to estimate loss of financial assets measured at amortized cost, including trade receivables, debt securities and loans, using an expected credit loss model. The expected credit loss differs from the previous incurred losses model primarily in that the loss recognition threshold of “probable” has been eliminated and that expected loss should consider reasonable and supportable forecasts in addition to the previously considered past events and current conditions. Additionally, the guidance requires additional disclosures related to the further disaggregation of information related to the credit quality of financial assets by year of the asset’s origination for as many as five years. Entities must apply the standard provision as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the potential impact of adopting ASU 2016-13 on its Consolidated Financial Statements. ASU 2018-13 - Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). In August 2018, the FASB issued ASU 2018-13, which eliminates, adds, and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the requirements. The Company is currently evaluating the potential impact of adopting ASU 2018-13 on its Consolidated Financial Statements.

Nature of Business, Interim F_3

Nature of Business, Interim Financial Data and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Assets Held-for-sale	The major categories of these assets held for sale are as follows (dollars in thousands): September 30, 2019 December 31, 2018 WABC Sale DC Land Total DC Land Property and equipment, net $ 7,054 $ 75,000 82,054 $ 80,000 Broadcast licenses 5,738 — 5,738 — Other intangibles, net 373 — 373 — $ 13,165 $ 75,000 $ 88,165 $ 80,000
Condensed Cash Flow Statement	The following summarizes supplemental cash flow information to be read in conjunction with the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 (Successor Company) and Periods from January 1, 2018 through June 3, 2018 (Predecessor Company), and June 4, 2018 through September 30, 2018 (Successor Company): Successor Company Predecessor Company Nine Months Ended September 30, Period from June 4 through September 30, Period from January 1 through June 3, 2019 2018 2018 Supplemental disclosures of cash flow information: Interest paid $ 51,575 $ 27,524 $ — Income taxes paid 17,138 5,611 1,992 Supplemental disclosures of non-cash flow information: Trade revenue $ 33,388 $ 13,870 $ 18,973 Trade expense 31,614 13,891 17,964 Transfer of deposit from escrow - WKQX acquisition — 4,750 — Supplemental disclosures of non-cash reorganization items impact on changes in assets and liabilities: Accounts receivable $ — $ — $ (11 ) Prepaid expenses and other current assets — — 21,077 Property and equipment — — (121,732 ) Other intangible assets, goodwill and other assets — — 283,217 Accounts payable, accrued expenses and other liabilities — — (36,415 ) Cancellation of 7.75% Senior Notes — — (610,000 ) Cancellation of Predecessor Company Term Loan — — (1,684,407 ) Issuance of Successor Company Term Loan — — 1,300,000 Cancellation of Predecessor Company stockholders' equity — — 649,620 Issuance of Successor Company stockholders' equity — — (325,000 ) Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheet: Cash and cash equivalents $ 7,751 $ 53,978 $ 50,046 Restricted cash 1,392 7,708 38,305 Total cash and cash equivalents and restricted cash $ 9,143 $ 61,686 $ 88,351

Reorganization Items, Net (Tabl

Reorganization Items, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Reorganizations [Abstract]
Reconciliation of Reorganization Value	Reorganization items incurred as a result of the Chapter 11 Cases were presented separately in the Predecessor Company's Condensed Consolidated Statement of Operations prior to the Company's emergence from Chapter 11. For the Predecessor Company periods presented herein, Reorganization items were as follows (in thousands): Predecessor Company Period from January 1, 2018 through June 3, 2018 Gain on settlement of Liabilities Subject to Compromise (a) $ 726,831 Fresh start adjustments (b) (179,291 ) Professional fees (c) (54,386 ) Non-cash claims adjustments (d) (15,364 ) Rejected executory contracts (e) (5,976 ) Other (f) (5,613 ) Reorganization Items, net $ 466,201 (a) Liabilities Subject to Compromise have been, or will be settled in accordance with the Plan. (b) Revaluation of certain assets and liabilities upon the adoption of fresh start accounting. (c) Legal, financial advisory and other professional costs directly associated with the reorganization process. (d) The carrying value of certain claims were adjusted to the estimated value of the claim that were allowed by the Bankruptcy Court. (e) Non-cash expenses to record estimated allowed claim amounts related to rejected executory contracts. (f) Federal Communications Commission filing and United States Trustee fees directly associated with the reorganization process and the write-off of Predecessor director and officer insurance policies.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2019
Acquisitions and Dispositions [Abstract]
Schedule Of Asset Acquisition	The table below summarizes the purchase price allocation for the Entercom Swap (dollars in thousands): Assets Acquired Broadcast licenses $ 20,790 Property and equipment, net 1,711 Total assets acquired $ 22,501 Assets Disposed Broadcast licenses $ (23,565 ) Property and equipment, net (703 ) Other intangibles (395 ) Total assets disposed $ (24,663 )

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents revenues disaggregated by revenue source (dollars in thousands): Successor Company Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Advertising revenues (broadcast, digital, non-traditional revenue (“NTR”) and trade) $ 276,230 $ 277,070 Non-advertising revenues (tower rental and other) 4,578 5,184 Total Revenue $ 280,808 $ 282,254 Successor Company Predecessor Company Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Advertising revenues (broadcast, digital, non-traditional revenue (“NTR”) and trade) $ 813,066 $ 370,091 $ 445,019 Non-advertising revenues (tower rental and other) 14,911 7,167 8,905 Total Revenue $ 827,977 $ 377,258 $ 453,924

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The following table presents the Company's intangible assets as of September 30, 2019 and December 31, 2018 (dollars in thousands): Indefinite-Lived Definite-Lived Total Balance as of December 31, 2018 $ 956,836 $ 172,351 $ 1,129,187 Assets held for sale (See Note 1) (5,935 ) (176 ) (6,111 ) Dispositions (108,069 ) (1,119 ) (109,188 ) Acquisitions (See Note 3) 24,111 — 24,111 Amortization — (19,720 ) (19,720 ) Other (a) — (1,934 ) (1,934 ) Balance as of September 30, 2019 $ 866,943 $ 149,402 $ 1,016,345 (a) Reclassification of leasehold intangibles to right of use assets related to the adoption of ASC 842
Schedule of Finite-Lived Intangible Assets	The following table presents the Company's intangible assets as of September 30, 2019 and December 31, 2018 (dollars in thousands): Indefinite-Lived Definite-Lived Total Balance as of December 31, 2018 $ 956,836 $ 172,351 $ 1,129,187 Assets held for sale (See Note 1) (5,935 ) (176 ) (6,111 ) Dispositions (108,069 ) (1,119 ) (109,188 ) Acquisitions (See Note 3) 24,111 — 24,111 Amortization — (19,720 ) (19,720 ) Other (a) — (1,934 ) (1,934 ) Balance as of September 30, 2019 $ 866,943 $ 149,402 $ 1,016,345 (a) Reclassification of leasehold intangibles to right of use assets related to the adoption of ASC 842

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Components of Long-term Debt	The Company’s long-term debt consisted of the following as of September 30, 2019 and December 31, 2018 (dollars in thousands): September 30, 2019 December 31, 2018 Term Loan due 2022 $ — $ 1,230,299 Plus: current portion of Term Loan due 2022 — 13,000 Less: unamortized debt issuance costs — — Total Term Loan due 2022 — 1,243,299 Term Loan due 2026 $ 519,750 $ — Plus: current portion of Term Loan due 2026 5,250 — Less: unamortized debt issuance costs (5,126 ) — Total Term Loan due 2026 519,874 — 6.75% Senior Notes 500,000 — Less: unamortized debt issuance costs (7,109 ) — Total 6.75% Senior Notes 492,891 — Long-term debt, net $ 1,012,765 $ 1,243,299
Debt Instrument Redemption	The Issuer may redeem some or all of the 6.75% Senior Notes at any time, or from time to time, on or after July 1, 2022, at the following prices: Year Price 2022 103.7500 % 2023 101.6875 % 2024 and thereafter 100.0000 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Gross Amounts and Fair Value	The following table shows the gross amount and fair value of the Term Loan due 2022, Term Loan due 2026 and 6.75% Senior Notes (dollars in thousands): September 30, 2019 December 31, 2018 Term Loan due 2022: Gross value $ — $ 1,243,299 Fair value - Level 2 — 1,182,688 Term Loan due 2026: Gross value $ 525,000 — Fair value - Level 2 525,656 — 6.75% Senior Notes: Gross value $ 500,000 $ — Fair value - Level 2 523,595 —

Stock-Based Compensation Expe_2

Stock-Based Compensation Expense (Tables)	9 Months Ended
	Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Grants Awarded	The following table discloses the total grants awarded for the Successor Company and Predecessor Company periods presented below: Successor Company Predecessor Company Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Stock option grants — — 581,124 — Restricted stock unit grants — 248,155 600,031 — Total grants — 248,155 1,181,155 —
Schedule Share-Based Compensation Expense	The following tables disclose total share-based compensation expense included in “Corporate expenses” in the accompanying Condensed Consolidated Statements of Operations for the Successor Company and Predecessor Company periods presented below (in thousands): Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Stock option grants $ 315 $ 134 Restricted stock unit grants 1,177 997 Total expense $ 1,492 $ 1,131 Successor Company Predecessor Company Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Stock option grants $ 930 $ 466 $ 231 Restricted stock unit grants 2,876 1,317 — Total expense $ 3,806 $ 1,783 $ 231

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings per Common Share	The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding, excluding unvested restricted shares. The Company calculates diluted earnings per share by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of all outstanding share-based awards, including stock options and restricted stock awards. Warrants generally are included in basic and diluted shares outstanding because there is little or no consideration paid upon exercise of the Warrants. Antidilutive instruments are not considered in this calculation. The Company applies the two-class method to calculate earnings per share. Because both classes share the same rights in dividends and earnings, earnings per share (basic and diluted) are the same for both classes. The following table presents the basic and diluted earnings per share, and the reconciliation of basic to diluted weighted average common shares (in thousands): Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Basic Earnings Per Share Numerator: Undistributed net income from operations $ 16,323 $ 12,713 Basic net income attributable to common shares $ 16,323 $ 12,713 Denominator: Basic weighted average shares outstanding 20,165 20,005 Basic undistributed net income per share attributable to common shares $ 0.81 $ 0.64 Diluted Earnings Per Share Numerator: Undistributed net income from operations $ 16,323 $ 12,713 Diluted net income attributable to common shares $ 16,323 $ 12,713 Denominator: Basic weighted average shares outstanding 20,165 20,005 Effect of dilutive options and restricted share units 51 65 Diluted weighted average shares outstanding 20,216 20,070 Diluted undistributed net income per share attributable to common shares $ 0.81 $ 0.63 Successor Company Predecessor Company Nine Months Ended September 30, 2019 Period from June 4, 2018 through September 30, 2018 Period from January 1, 2018 through June 3, 2018 Basic Earnings Per Share Numerator: Undistributed net income from operations $ 59,635 $ 17,693 $ 696,156 Basic net income attributable to common shares $ 59,635 $ 17,693 $ 696,156 Denominator: Basic weighted average shares outstanding 20,116 20,009 29,338 Basic undistributed net income per share attributable to common shares $ 2.96 $ 0.88 $ 23.73 Diluted Earnings Per Share Numerator: Undistributed net income from operations $ 59,635 $ 17,693 $ 696,156 Diluted net income attributable to common shares $ 59,635 $ 17,693 $ 696,156 Denominator: Basic weighted average shares outstanding 20,116 20,009 29,338 Effect of dilutive options and restricted share units 134 42 — Diluted weighted average shares outstanding 20,250 20,051 29,338 Diluted undistributed net income per share attributable to common shares $ 2.95 $ 0.88 $ 23.73

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Supplemental Balance Sheet Information	The following table presents the Company's total right-of-use assets and lease liabilities as of September 30, 2019 (dollars in thousands): Balance Sheet Location September 30, 2019 Right-of-Use Assets Operating Operating lease right-of-use assets $ 148,321 Finance, net of accumulated amortization of $267 Other assets 412 Total Assets $ 148,733 Liabilities Current Operating Current portion of operating lease liabilities $ 35,371 Finance Accounts payable and accrued liabilities 269 Noncurrent Operating Operating lease liabilities 114,591 Finance Other liabilities 144 Total Liabilities $ 150,375 September 30, 2019 Weighted Average Remaining Lease Term (in years) Operating leases 8.06 Finance leases 2.21 Weighted Average Discount Rate Operating leases 7.47 % Finance leases 7.50 %
Lease Cost	Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,911 $ 16,412 Operating cash flows from finance leases 10 34 Financing cash flows from finance leases 97 320 Financing cash flows from failed sale leaseback 298 894 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,980 $ 21,203 September 30, 2019 Weighted Average Remaining Lease Term (in years) Operating leases 8.06 Finance leases 2.21 Weighted Average Discount Rate Operating leases 7.47 % Finance leases 7.50 % The following table presents the total lease cost for the three and nine months ended September 30, 2019 (dollars in thousands): Statement of Operations Location Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating Lease Cost Selling, general and administrative expenses; Corporate expenses $ 9,041 $ 28,836 Finance Lease Cost Amortization of right-of-use assets Depreciation and amortization 99 322 Interest on lease liabilities Interest expense 10 34 Total Lease Cost $ 9,150 $ 29,192
Operating Lease Maturity	for the following five fiscal years and thereafter were as follows (dollars in thousands): Operating Leases Finance Leases Total 2019 $ 8,540 $ 96 $ 8,636 2020 32,753 206 32,959 2021 26,474 99 26,573 2022 24,300 38 24,338 2023 22,530 6 22,536 Thereafter 88,158 — 88,158 Total lease payments $ 202,755 $ 445 $ 203,200 Less: imputed interest (52,794 ) (31 ) (52,825 ) Total $ 149,961 $ 414 $ 150,375 As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, Leases , under non-cancelable operating leases for the following five fiscal years and thereafter were as follows (dollars in thousands): Year Ending December 31: Future Minimum Rent Under Operating Leases Future Minimum Sublease Income Future Minimum Commitments Under Failed Sale Leaseback Agreement Net Commitments 2019 $ 34,356 $ (1,719 ) $ 1,193 $ 33,830 2020 29,242 (1,719 ) 1,557 29,080 2021 22,717 — 1,603 24,320 2022 19,885 — 1,650 21,535 2023 16,280 — 1,701 17,981 Thereafter 45,959 — 2,052 48,011 $ 168,439 $ (3,438 ) $ 9,756 $ 174,757 Future minimum payments related to the Company's failed sale-leaseback as of September 30, 2019 were as follows (dollars in thousands): Total 2019 $ 298 2020 1,557 2021 1,603 2022 1,650 2023 1,701 Thereafter 2,052 Total lease payments $ 8,861
Finance Leases Maturity	for the following five fiscal years and thereafter were as follows (dollars in thousands): Operating Leases Finance Leases Total 2019 $ 8,540 $ 96 $ 8,636 2020 32,753 206 32,959 2021 26,474 99 26,573 2022 24,300 38 24,338 2023 22,530 6 22,536 Thereafter 88,158 — 88,158 Total lease payments $ 202,755 $ 445 $ 203,200 Less: imputed interest (52,794 ) (31 ) (52,825 ) Total $ 149,961 $ 414 $ 150,375 As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, Leases , under non-cancelable operating leases for the following five fiscal years and thereafter were as follows (dollars in thousands): Year Ending December 31: Future Minimum Rent Under Operating Leases Future Minimum Sublease Income Future Minimum Commitments Under Failed Sale Leaseback Agreement Net Commitments 2019 $ 34,356 $ (1,719 ) $ 1,193 $ 33,830 2020 29,242 (1,719 ) 1,557 29,080 2021 22,717 — 1,603 24,320 2022 19,885 — 1,650 21,535 2023 16,280 — 1,701 17,981 Thereafter 45,959 — 2,052 48,011 $ 168,439 $ (3,438 ) $ 9,756 $ 174,757 Future minimum payments related to the Company's failed sale-leaseback as of September 30, 2019 were as follows (dollars in thousands): Total 2019 $ 298 2020 1,557 2021 1,603 2022 1,650 2023 1,701 Thereafter 2,052 Total lease payments $ 8,861
Sale Leaseback Maturity	for the following five fiscal years and thereafter were as follows (dollars in thousands): Operating Leases Finance Leases Total 2019 $ 8,540 $ 96 $ 8,636 2020 32,753 206 32,959 2021 26,474 99 26,573 2022 24,300 38 24,338 2023 22,530 6 22,536 Thereafter 88,158 — 88,158 Total lease payments $ 202,755 $ 445 $ 203,200 Less: imputed interest (52,794 ) (31 ) (52,825 ) Total $ 149,961 $ 414 $ 150,375 As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, Leases , under non-cancelable operating leases for the following five fiscal years and thereafter were as follows (dollars in thousands): Year Ending December 31: Future Minimum Rent Under Operating Leases Future Minimum Sublease Income Future Minimum Commitments Under Failed Sale Leaseback Agreement Net Commitments 2019 $ 34,356 $ (1,719 ) $ 1,193 $ 33,830 2020 29,242 (1,719 ) 1,557 29,080 2021 22,717 — 1,603 24,320 2022 19,885 — 1,650 21,535 2023 16,280 — 1,701 17,981 Thereafter 45,959 — 2,052 48,011 $ 168,439 $ (3,438 ) $ 9,756 $ 174,757 Future minimum payments related to the Company's failed sale-leaseback as of September 30, 2019 were as follows (dollars in thousands): Total 2019 $ 298 2020 1,557 2021 1,603 2022 1,650 2023 1,701 Thereafter 2,052 Total lease payments $ 8,861
Lease Receivable, Maturity	Operating Leases 2019 $ 764 2020 2,785 2021 2,225 2022 1,940 2023 1,503 Thereafter 2,559 Total lease receivables $ 11,776
Future Minimum Lease Payments under Non-Cancelable Operating Leases	As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, Leases , under non-cancelable operating leases for the following five fiscal years and thereafter were as follows (dollars in thousands): Year Ending December 31: Future Minimum Rent Under Operating Leases Future Minimum Sublease Income Future Minimum Commitments Under Failed Sale Leaseback Agreement Net Commitments 2019 $ 34,356 $ (1,719 ) $ 1,193 $ 33,830 2020 29,242 (1,719 ) 1,557 29,080 2021 22,717 — 1,603 24,320 2022 19,885 — 1,650 21,535 2023 16,280 — 1,701 17,981 Thereafter 45,959 — 2,052 48,011 $ 168,439 $ (3,438 ) $ 9,756 $ 174,757

Nature of Business, Interim F_4

Nature of Business, Interim Financial Data and Basis of Presentation (Nature of Business and Reporting Segment) (Details) affiliate in Thousands, people in Millions	9 Months Ended
	Sep. 30, 2019peoplesegmentmarketstationaffiliate
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Quarterly audience reach, number of people | people	250
Number of owned and operated stations | station	428
Number of markets | market	87
Affiliate stations | affiliate	8
Number of reportable segments | segment	2

Nature of Business, Interim F_5

Nature of Business, Interim Financial Data and Basis of Presentation (Assets Held for Sale) (Details) - USD ($) $ in Thousands	Sep. 18, 2019	Sep. 30, 2019	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Adjusted sale Price	$ 75,000
Impairment of assets held for sale		$ 5,000	$ 5,000

Nature of Business, Interim F_6

Nature of Business, Interim Financial Data and Basis of Presentation (Schedule of Assets Held for Sale) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 88,165
WABC Sale
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	13,165
DC Land
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	75,000	$ 80,000
Property and equipment, net
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	82,054
Property and equipment, net | WABC Sale
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	7,054
Property and equipment, net | DC Land
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	75,000	80,000
Broadcast licenses
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	5,738
Broadcast licenses | WABC Sale
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	5,738
Broadcast licenses | DC Land
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	0	0
Other intangible assets
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	373
Other intangible assets | WABC Sale
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	373
Other intangible assets | DC Land
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 0	$ 0

Nature of Business, Interim F_7

Nature of Business, Interim Financial Data and Basis of Presentation (Condensed Supplemental Cash Flow) (Details) - USD ($) $ in Thousands	Jun. 04, 2018	Jun. 30, 2018	Jun. 03, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Supplemental disclosures of non-cash flow information:
Trade revenue		$ 10,600	$ 13,900	$ 9,400		$ 19,000	$ 33,400
Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheet:
Restricted cash				1,400			1,400	$ 2,500
Total cash and cash equivalents and restricted cash				9,143			9,143	30,038
Successor Company
Supplemental disclosures of cash flow information:
Interest paid					$ 27,524		51,575
Income taxes paid					5,611		17,138
Supplemental disclosures of non-cash flow information:
Trade revenue					13,870		33,388
Trade expense					13,891		31,614
Transfer of deposit from escrow - WKQX acquisition					4,750		0
Accounts receivable					0		0
Prepaid expenses and other current assets					0		0
Property and equipment					0		0
Other intangible assets, goodwill and other assets					0		0
Accounts payable, accrued expenses and other liabilities					0		0
Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheet:
Cash and cash equivalents				7,751	53,978		7,751	27,584
Restricted cash				1,392	7,708		1,392	$ 2,454
Total cash and cash equivalents and restricted cash			88,351	$ 9,143	$ 61,686	88,351	$ 9,143
Predecessor Company
Supplemental disclosures of cash flow information:
Interest paid						0
Income taxes paid						1,992
Supplemental disclosures of non-cash flow information:
Trade revenue						18,973
Trade expense						17,964
Transfer of deposit from escrow - WKQX acquisition						0
Accounts receivable						(11)
Prepaid expenses and other current assets						21,077
Property and equipment						(121,732)
Other intangible assets, goodwill and other assets						283,217
Accounts payable, accrued expenses and other liabilities						(36,415)
Issuance of Successor Company Term Loan						1,300,000
Cancellation of Predecessor Company stockholders' equity	$ (1,397,917)					649,620
Issuance of Successor Company stockholders' equity						(325,000)
Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheet:
Cash and cash equivalents			50,046			50,046
Restricted cash			38,305			38,305
Total cash and cash equivalents and restricted cash			$ 88,351			88,351			$ 111,890
Senior Notes at 7.75% | Predecessor Company
Supplemental disclosures of non-cash flow information:
Noncash cancellation of debt						(610,000)
Term Loan due 2026 | Predecessor Company
Supplemental disclosures of non-cash flow information:
Noncash cancellation of debt						$ (1,684,407)

Nature of Business, Interim F_8

Nature of Business, Interim Financial Data and Basis of Presentation (Adoption) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating lease right-of-use assets		$ 156,100
Operating lease liability	$ 149,961	$ 154,500

Reorganization Items, Net (Sche

Reorganization Items, Net (Schedule of Reorganization Items Incurred) (Details) - Predecessor Company $ in Thousands	5 Months Ended
	Jun. 03, 2018USD ($)
Fresh-Start Adjustment [Line Items]
Gain on settlement of Liabilities subject to compromise (a)	$ 726,831
Fresh start adjustments (b)	(179,291)
Professional fees (c)	(54,386)
Non-cash claims adjustments (d)	(15,364)
Rejected executory contracts (e)	(5,976)
Other (f)	(5,613)
Reorganization items, net	$ 466,201

Reorganization Items, Net (Narr

Reorganization Items, Net (Narrative) (Details) $ in Millions	5 Months Ended
	Jun. 03, 2018USD ($)
Reorganizations [Abstract]
Payments for reorganizational cost	$ 58.4

Acquisitions and Dispositions_2

Acquisitions and Dispositions (Details) - Entercom Swap $ in Thousands	May 09, 2019USD ($)
Asset Acquisition [Line Items]
Broadcast licenses	$ 20,790
Property and equipment, net	1,711
Total assets acquired	22,501
Broadcast licenses	(23,565)
Property and equipment, net	(703)
Other intangibles	(395)
Total assets disposed	$ (24,663)

Acquisitions and Dispositions_3

Acquisitions and Dispositions (Narrative) (Details) - USD ($)	Jul. 15, 2019	Jun. 26, 2019	May 09, 2019	Sep. 30, 2019	Sep. 30, 2019
Asset Acquisition [Line Items]
Gain on sale of property, plant, equipment					$ 55,912,000
Entercom Swap
Asset Acquisition [Line Items]
Gain (loss) on disposition of assets					(2,200,000)
Total assets acquired			$ 22,501,000
Connoisseur Swap
Asset Acquisition [Line Items]
Gain (loss) on disposition of assets				$ 0	0
Total assets acquired		$ 3,700,000
Educational Media Foundation | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Asset Acquisition [Line Items]
Proceeds from sale of assets					103,500,000
Gain on sale of property, plant, equipment					47,600,000
Meruelo Media
Asset Acquisition [Line Items]
Gain (loss) on disposition of assets					$ 10,500,000
Meruelo Media | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Asset Acquisition [Line Items]
Proceeds from sale of assets	$ 43,000,000

Revenues (Details)

Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019
Successor Company
Disaggregation of Revenue [Line Items]
Net revenue	$ 280,808	$ 282,254	$ 377,258		$ 827,977
Successor Company | Advertising revenues (broadcast, digital, non-traditional revenue (NTR) and trade)
Disaggregation of Revenue [Line Items]
Net revenue	276,230	277,070	370,091		813,066
Successor Company | Non-advertising revenues (tower rental and other)
Disaggregation of Revenue [Line Items]
Net revenue	$ 4,578	5,184	$ 7,167		$ 14,911
Predecessor Company
Disaggregation of Revenue [Line Items]
Net revenue		$ 282,254		$ 453,924
Predecessor Company | Advertising revenues (broadcast, digital, non-traditional revenue (NTR) and trade)
Disaggregation of Revenue [Line Items]
Net revenue				445,019
Predecessor Company | Non-advertising revenues (tower rental and other)
Disaggregation of Revenue [Line Items]
Net revenue				$ 8,905

Revenues (Narrative) (Details)

Revenues (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	3 Months Ended	5 Months Ended	9 Months Ended
	Jun. 30, 2018	Jun. 03, 2018	Sep. 30, 2019	Jun. 03, 2018	Sep. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Trade revenue	$ 10.6	$ 13.9	$ 9.4	$ 19	$ 33.4
Contract with customer asset			$ 7.7		$ 7.7	$ 6.5
Remaining Performance Obligations: 2019-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction			1 year		1 year
Remaining Performance Obligations: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation			$ 11.8		$ 11.8

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 1.4	$ 2.5

Intangible Assets (Changes in I

Intangible Assets (Changes in Intangible Assets Other Than Goodwill) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Intangible Assets And Goodwill [Line Items]
Beginning balance, Indefinite	$ 956,836
Beginning balance, Definite	172,351
Beginning balance, total	1,129,187
Assets held for sale (See Note 1)	(6,111)
Dispositions	(109,188)
Acquisitions (See Note 3)	24,111
Amortization	(19,720)
Other	(1,934)
Ending balance, Indefinite	866,943
Ending balance, Definite	149,402
Ending balance, total	1,016,345
Definite-Lived
Intangible Assets And Goodwill [Line Items]
Assets held for sale (See Note 1)	(176)
Dispositions	(1,119)
Acquisitions (See Note 3)	0
Amortization	(19,720)
Indefinite-Lived
Intangible Assets And Goodwill [Line Items]
Assets held for sale (See Note 1)	(5,935)
Dispositions	(108,069)
Acquisitions (See Note 3)	$ 24,111

Long-Term Debt (Schedule of Deb

Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt, net	$ 1,012,765	$ 1,243,299
Term Loan due 2022
Debt Instrument [Line Items]
Debt, gross		1,230,299
Plus: current portion of Term Loan		13,000
Long-term debt, net		$ 1,243,299
Term Loan due 2026
Debt Instrument [Line Items]
Debt, gross	519,750
Plus: current portion of Term Loan	5,250
Less: unamortized debt issuance costs	(5,126)
Long-term debt, net	519,874
6.75% Senior Notes
Debt Instrument [Line Items]
Debt, gross	500,000
Less: unamortized debt issuance costs	(7,109)
Long-term debt, net	$ 492,891

Long-Term Debt (Credit Agreemen

Long-Term Debt (Credit Agreement - Term Loan due 2022) (Details) - USD ($) $ in Thousands	Jul. 22, 2019	Jun. 26, 2019	Jun. 05, 2019	Sep. 30, 2019	Jun. 03, 2018	Sep. 30, 2019	Mar. 18, 2019	Jun. 04, 2018
Debt Instrument [Line Items]
Repayments of debt						$ 1,242,918
Term Loan due 2022 | Term loan
Debt Instrument [Line Items]
Long-term line of credit								$ 1,300,000
Repurchased face amount							$ 25,400
Repurchase amount							$ 25,000
Par value discount rate							1.50%
Repayments of debt	$ 50,000	$ 492,700	$ 115,000	$ 28,700
Senior Notes | 6.75% Senior Notes
Debt Instrument [Line Items]
Interest rate		6.75%
Predecessor Company
Debt Instrument [Line Items]
Repayments of debt					$ 0
Predecessor Company | Term Loan due 2022 | Term loan
Debt Instrument [Line Items]
Long-term line of credit								$ 1,700,000

Long-Term Debt (Refinanced Cred

Long-Term Debt (Refinanced Credit Agreement - Term Loan Due 2026) (Details) - Term loan - Term Loan Due 2026 - USD ($)	Sep. 26, 2019	Sep. 30, 2019
Debt Instrument [Line Items]
Long-term line of credit	$ 525,000,000
Basis spread on variable rate	1.00%
Interest rate		5.7958%
Amortization of outstanding loan principal amount, quarterly installment	0.25%
Debt discounts and issuance costs	$ 3,600,000
Debt instrument, fees	1.5
Acquisition Related and Other Costs
Debt Instrument [Line Items]
Debt instrument, fees	3.5
Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
London Interbank Offered Rate
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%
London Interbank Offered Rate | Minimum
Debt Instrument [Line Items]
Interest rate	1.00%
Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Alternative Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%

Long-Term Debt (Revolving Credi

Long-Term Debt (Revolving Credit Agreement) (Details) - USD ($)	Aug. 17, 2018	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Letters of credit outstanding		$ 3,400,000	$ 2,800,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Debt covenant, total commitments	1250.00%
Debt covenant, commitment	$ 5,000,000
Fixed charge coverage ratio	1
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Unused capacity, commitment fee rate	25.00%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Unused capacity, commitment fee rate	37.50%
Revolving Credit Facility | London Interbank Offered Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	125.00%
Revolving Credit Facility | London Interbank Offered Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	175.00%
Revolving Credit Facility | Alternative Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	25.00%
Revolving Credit Facility | Alternative Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	75.00%
Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	100.00%
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 10,000,000

Long-Term Debt (6.75% Senior No

Long-Term Debt (6.75% Senior Notes) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Jun. 26, 2019
6.75% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate		6.75%
Debt instrument, face amount		$ 500,000,000
Prior to July 1, 2022
Debt Instrument [Line Items]
Redemption price	100.00%

Long-Term Debt (Redemption) (De

Long-Term Debt (Redemption) (Details)	9 Months Ended
	Sep. 30, 2019
2022
Debt Instrument, Redemption [Line Items]
Redemption price	103.75%
2023
Debt Instrument, Redemption [Line Items]
Redemption price	101.6875%
2024 and thereafter
Debt Instrument, Redemption [Line Items]
Redemption price	100.00%

Fair Value Measurements (Gross

Fair Value Measurements (Gross Amounts and Fair Value of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross value	$ 1,012,765	$ 1,243,299
6.75% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross value	500,000
Fair value - Level 2 | 6.75% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities	523,595
Term Loan due 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross value		1,243,299
Term Loan due 2022 | Term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross value		1,243,299
Term Loan due 2022 | Fair value - Level 2 | Term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities		$ 1,182,688
Term Loan Due 2026 | Term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross value	525,000
Term Loan Due 2026 | Fair value - Level 2 | Term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities	$ 525,656

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	Sep. 30, 2019	Dec. 31, 2018
6.75% Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading prices rate to calculate the fair value	6.75%
Term Loan due 2022 | Term loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading prices rate to calculate the fair value	100.13%	95.13%
Term Loan Due 2026 | Term loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading prices rate to calculate the fair value	104.72%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 6.6	$ 5.1	$ 7.7	$ (176.9)	$ 23.5
Income (loss) before income taxes	$ 23	$ 17.8	$ 25.4	$ 519.3	$ 83.1
Effective tax rate	28.90%	28.50%	30.30%	(34.10%)	28.20%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	Jun. 04, 2018	Sep. 30, 2019	Dec. 31, 2018
Class A common stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		100,000,000	100,000,000
Common stock, shares issued (in shares)		15,551,068	12,995,080
Common stock, shares outstanding (in shares)		15,483,235	12,995,080
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		100,000,000	100,000,000
Common stock, shares issued (in shares)		2,048,108	3,560,604
Common stock, shares outstanding (in shares)		2,048,108	3,560,604
Successor Company
Class of Stock [Line Items]
Stock shares authorized (in shares)		300,000,000
Preferred stock, shares authorized (in shares)		100,000,000
Common stock, shares issued (in shares)		17,599,176
Common stock, shares outstanding (in shares)		17,531,343
Successor Company | Class A common stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		100,000,000
Common stock, shares issued (in shares)		15,551,068
Common stock, shares outstanding (in shares)		15,483,235
Successor Company | Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		100,000,000
Common stock, shares issued (in shares)		2,048,108
Common stock, shares outstanding (in shares)		2,048,108
Successor Company | Series I Warrants
Class of Stock [Line Items]
Number of warrants issued (shares)	3,016,853
Warrants exercise price (usd per share)	$ 0.00
Successor Company | Series 2 warrants
Class of Stock [Line Items]
Number of warrants issued (shares)	712,736
Warrants exercise price (usd per share)	$ 0.00

Stock-Based Compensation Expe_3

Stock-Based Compensation Expense (Narrative) (Details) - shares	May 01, 2019	Apr. 30, 2019	Feb. 01, 2019	Jun. 04, 2018
Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares granted (shares)				1,124,434
Restricted stock unit grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-option equity grants (shares)	10,000	37,555	200,600	562,217
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants (shares)				562,217
Non-employee director Options | Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants (shares)				56,721

Stock-Based Compensation Expe_4

Stock-Based Compensation Expense (Schedule of Grants Awarded) (Details) - USD ($) $ in Thousands	May 01, 2019	Apr. 30, 2019	Feb. 01, 2019	Jun. 04, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019
Restricted stock unit grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)	10,000	37,555	200,600	562,217
Successor Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)					0		1,181,155,000		248,155,000
Total expense					$ 1,492	$ 1,131			$ 3,806
Successor Company | Stock option grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)					0		581,124,000		0
Successor Company | Restricted stock unit grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)					0		600,031,000		248,155,000
Predecessor Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)								0
Total expense							$ 1,783	$ 231
Predecessor Company | Stock option grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)								0
Predecessor Company | Restricted stock unit grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (shares)								0
Corporate Expenses | Successor Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense					$ 1,492		1,783		$ 3,806
Corporate Expenses | Successor Company | Stock option grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense					315		466		930
Corporate Expenses | Successor Company | Restricted stock unit grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense					$ 1,177		$ 1,317		$ 2,876
Corporate Expenses | Predecessor Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense						1,131		$ 231
Corporate Expenses | Predecessor Company | Stock option grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense						134		231
Corporate Expenses | Predecessor Company | Restricted stock unit grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense						$ 997		$ 0

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Jun. 03, 2018	Sep. 30, 2019
Successor Company
Earnings Per Share, Basic [Abstract]
Undistributed net income from operations	$ 16,323		$ 17,693		$ 59,635
Basic net income attributable to common shares	$ 16,323		$ 17,693		$ 59,635
Basic weighted average shares outstanding (in shares)	20,164,876		20,009,463		20,115,868
Basic undistributed net income per share attributable to common shares (USD per share)	$ 0.81		$ 0.88		$ 2.96
Earnings Per Share, Diluted [Abstract]
Undistributed net income from operations	$ 16,323		$ 17,693		$ 59,635
Diluted net income attributable to common shares	$ 16,323		$ 17,693		$ 59,635
Basic weighted average shares outstanding (in shares)	20,164,876		20,009,463		20,115,868
Effect of dilutive options and restricted share units (in shares)	51,000		42,000		134,000
Diluted weighted average shares outstanding (in shares)	20,216,314		20,051,796		20,249,682
Diluted undistributed net income per share attributable to common shares (USD per share)	$ 0.81		$ 0.88		$ 2.95
Predecessor Company
Earnings Per Share, Basic [Abstract]
Undistributed net income from operations		$ 12,713		$ 696,156
Basic net income attributable to common shares		$ 12,713		$ 696,156
Basic weighted average shares outstanding (in shares)		20,004,736		29,338,329
Basic undistributed net income per share attributable to common shares (USD per share)		$ 0.64		$ 23.73
Earnings Per Share, Diluted [Abstract]
Undistributed net income from operations		$ 12,713		$ 696,156
Diluted net income attributable to common shares		$ 12,713		$ 696,156
Basic weighted average shares outstanding (in shares)		20,004,736		29,338,329
Effect of dilutive options and restricted share units (in shares)		65,000		0
Diluted weighted average shares outstanding (in shares)		20,069,587		29,338,329
Diluted undistributed net income per share attributable to common shares (USD per share)		$ 0.63		$ 23.73

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Lease income, lessor arrangements	$ 0.7	$ 2.1
Minimum
Lessee, Lease, Description [Line Items]
Lease term		5 years
Renewal term		1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term		10 years
Renewal term		10 years

Leases (Assets and Liabilities)

Leases (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Right-of-use assets obtained in exchange for lease obligations:
Operating		$ 156,100
Finance, net of accumulated amortization of $267	$ 412
Total Assets	148,733
Liabilities
Finance, current	269
Finance lease, noncurrent	144
Total Liabilities	150,375
Accumulated amortization, finance lease	$ 267

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating Lease Cost	$ 9,041	$ 28,836
Finance Lease Cost
Amortization of right-of-use assets	99	322
Interest on lease liabilities	10	34
Total Lease Cost	$ 9,150	$ 29,192

Leases (Other Supplementary Dat

Leases (Other Supplementary Data) (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 5,911	$ 16,412
Operating cash flows from finance leases	10	34
Financing cash flows from finance leases	97	320
Financing cash flows from failed sale leaseback	298	894
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 5,980	$ 21,203
Weighted Average Remaining Lease Term (in years)
Operating leases	8 years 22 days	8 years 22 days
Finance leases	2 years 2 months 16 days	2 years 2 months 16 days
Weighted Average Discount Rate
Operating leases	7.47%	7.47%
Finance leases	7.50%	7.50%

Leases (Maturities) (Details)

Leases (Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Operating Leases, After Adoption of 842:
2019	$ 8,540
2020	32,753
2021	26,474
2022	24,300
2023	22,530
Thereafter	88,158
Total lease payments	202,755
Less: imputed interest	(52,794)
Total	149,961	$ 154,500
Finance Leases, After Adoption of 842:
2019	96
2020	206
2021	99
2022	38
2023	6
Thereafter	0
Total lease payments	445
Less: imputed interest	(31)
Total	414
Leases, After Adoption of 842
2019	8,636
2020	32,959
2021	26,573
2022	24,338
2023	22,536
Thereafter	88,158
Total lease payments	203,200
Less: imputed interest	(52,825)
Total	$ 150,375

Leases (Future Minimum Payments

Leases (Future Minimum Payments - Sale-Leasebacks (Details) $ in Thousands	Sep. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
2019	$ 96
2020	206
2021	99
2022	38
2023	6
Thereafter	0
Total lease payments	445
Failed Sale Leaseback
Lessee, Lease, Description [Line Items]
2019	298
2020	1,557
2021	1,603
2022	1,650
2023	1,701
Thereafter	2,052
Total lease payments	$ 8,861

Leases (Lease Receivable) (Deta

Leases (Lease Receivable) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
2019	$ 764
2020	2,785
2021	2,225
2022	1,940
2023	1,503
Thereafter	2,559
Total lease receivables	$ 11,776

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments under Non-Cancelable Operating Leases) (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
Future Minimum Rent, 2019	$ 34,356
Future Minimum Rent, 2020	29,242
Future Minimum Rent, 2021	22,717
Future Minimum Rent, 2022	19,885
Future Minimum Rent, 2023	16,280
Future Minimum Rent, Thereafter	45,959
Future Minimum Rent Under Operating Leases	168,439
Future Minimum Sublease Income, 2019	(1,719)
Future Minimum Sublease Income, 2020	(1,719)
Future Minimum Sublease Income	(3,438)
Future Commitments Under Failed Sales Leaseback Agreement, 2019	1,193
Future Commitments Under Failed Sales Leaseback Agreement, 2020	1,557
Future Commitments Under Failed Sales Leaseback Agreement, 2021	1,603
Future Commitments Under Failed Sales Leaseback Agreement, 2022	1,650
Future Commitments Under Failed Sales Leaseback Agreement, 2023	1,701
Future Commitments Under Failed Sales Leaseback Agreement, thereafter	2,052
Future Minimum Commitments Under Failed Sale Leaseback Agreement	9,756
Net Commitment, 2019	33,830
Net Commitment, 2020	29,080
Net Commitment, 2021	24,320
Net Commitment, 2022	21,535
Net Commitment, 2023	17,981
Net Commitment, Thereafter	48,011
Net Commitments	$ 174,757

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Nielson Audio
Supply Commitment [Line Items]
Remaining aggregate obligation under the agreements with Nielsen Audio	$ 114