iHeartMedia (IHRT) 10-Q 22 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 17, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	iHeartMedia, Inc.
Entity Central Index Key	1,400,891
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,904,171
Common class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		555,556
Common class C
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		58,967,502
Common class D
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 297,407	$ 267,109
Accounts receivable, net of allowance of $51,076 in 2018 and $48,450 in 2017	1,367,012	1,508,370
Prepaid expenses	269,148	209,330
Other current assets	148,638	82,538
Total Current Assets	2,082,205	2,067,347
PROPERTY, PLANT AND EQUIPMENT
Structures, net	1,151,469	1,180,882
Other property, plant and equipment, net	687,330	703,832
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	2,451,288	2,451,813
Indefinite-lived intangibles - permits	977,152	977,152
Other intangibles, net	503,656	550,056
Goodwill	4,054,100	4,051,082
OTHER ASSETS
Other assets	285,793	278,267
Total Assets	12,192,993	12,260,431
CURRENT LIABILITIES
Accounts payable	135,947	163,449
Accrued expenses	584,958	764,275
Accrued interest	11,468	268,102
Deferred income	249,092	186,404
Current portion of long-term debt	820	14,972,367
Total Current Liabilities	982,285	16,354,597
Long-term debt	5,636,670	5,676,814
Deferred income taxes	336,787	959,390
Other long-term liabilities	501,526	597,085
Liabilities subject to compromise	16,488,391	0
Commitments and contingent liabilities (Note 5)
STOCKHOLDERS’ DEFICIT
Noncontrolling interest	31,142	42,764
Additional paid-in capital	2,073,144	2,072,566
Accumulated deficit	(13,543,496)	(13,127,843)
Accumulated other comprehensive loss	(311,071)	(312,560)
Cost of shares (616,230 in 2018 and 610,991 in 2017) held in treasury	(2,477)	(2,474)
Total Stockholders' Deficit	(11,752,666)	(11,327,455)
Total Liabilities and Stockholders' Deficit	12,192,993	12,260,431
Class A Common Stock
STOCKHOLDERS’ DEFICIT
Common stock issued	32	32
Class B Common Stock
STOCKHOLDERS’ DEFICIT
Common stock issued	1	1
Class C Common Stock
STOCKHOLDERS’ DEFICIT
Common stock issued	59	59
Class D Common Stock
STOCKHOLDERS’ DEFICIT
Common stock issued	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for receivables	$ 51,076	$ 48,450
Class A Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	32,552,286	32,626,168
Class B Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	555,556	555,556
Class C Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	58,967,502	58,967,502
Class D Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	0	0
Treasury stock
Class of Stock [Line Items]
Treasury stock, shares	616,230	610,991

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenue	$ 1,369,961	$ 1,329,322
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	601,268	571,262
Selling, general and administrative expenses	472,987	450,619
Corporate expenses (excludes depreciation and amortization)	78,734	78,362
Depreciation and amortization	151,434	146,106
Other operating income (expense), net	(3,286)	31,084
Operating income	62,252	114,057
Interest expense (excludes contractual interest of $66,324 for the first quarter 2018)	418,397	455,337
Equity in earnings (loss) of nonconsolidated affiliates	157	(242)
Other expense, net	(873)	(15,374)
Reorganization items, net	192,055	0
Income (loss) before income taxes	(548,916)	(356,896)
Income tax benefit (expense)	117,366	(30,684)
Consolidated net income (loss)	(431,550)	(387,580)
Less amount attributable to noncontrolling interest	(15,897)	635
Net income (loss) attributable to the Company	(415,653)	(388,215)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,016	9,728
Unrealized holding loss on marketable securities	(90)	(57)
Reclassification adjustments	0	(1,644)
Other comprehensive income	6,926	8,027
Comprehensive income (loss)	(408,727)	(380,188)
Less amount attributable to noncontrolling interest	5,437	(1,463)
Comprehensive income (loss) attributable to the Company	$ (414,164)	$ (378,725)
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (4.88)	$ (4.58)
Weighted average common shares outstanding - Basic	85,215	84,754
Diluted (in dollars per share)	$ (4.88)	$ (4.58)
Weighted average common shares outstanding - Diluted	85,215	84,754

CONSOLIDATED STATEMENTS OF COM5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Statement of Comprehensive Income [Abstract]
Contractual interest	$ 66,324

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Consolidated net loss	$ (431,550)	$ (387,580)
Reconciling items:
Depreciation and amortization	151,434	146,106
Deferred taxes	(118,703)	4,572
Provision for doubtful accounts	8,515	5,847
Amortization of deferred financing charges and note discounts, net	13,671	14,098
Non-cash Reorganization items, net	191,903	0
Share-based compensation	2,684	3,059
(Gain) loss on disposal of operating and other assets	1,678	(33,080)
Equity in (earnings) loss of nonconsolidated affiliates	(157)	242
Barter and trade income	(1,417)	(10,094)
Other reconciling items, net	19,883	3,053
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	157,856	119,241
Increase in prepaid expenses and other current assets	(54,527)	(91,246)
Decrease in accrued expenses	(115,777)	(94,376)
Increase (decrease) in accounts payable	35,051	(30,670)
Increase (decrease) in accrued interest	310,235	(99,907)
Increase in deferred income	53,091	39,184
Changes in other operating assets and liabilities	(8,628)	(10,869)
Net cash provided by (used for) operating activities	175,476	(428,526)
Cash flows from investing activities:
Purchases of other investments	(253)	0
Proceeds from sale of other investments	294	622
Purchases of property, plant and equipment	(38,703)	(51,027)
Proceeds from disposal of assets	2,310	53,134
Purchases of other operating assets	(338)	(1,272)
Change in other, net	(506)	(862)
Net cash provided by (used for) investing activities	(37,196)	595
Cash flows from financing activities:
Draws on credit facilities	25,333	0
Payments on credit facilities	(59,000)	(25,375)
Payments on long-term debt	(55,597)	(1,677)
Dividends and other payments to noncontrolling interests	(3,166)	(27,245)
Change in other, net	(15)	(258)
Net cash provided by (used for) financing activities	(92,445)	(54,555)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	3,366	3,817
Net increase in cash, cash equivalents and restricted cash	49,201	(478,669)
Cash, cash equivalents and restricted cash at beginning of period	311,300	866,184
Cash, cash equivalents and restricted cash at end of period	360,501	387,515
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	94,533	543,315
Cash paid for taxes	$ 9,974	$ 16,725

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Preparation of Interim Financial Statements All references in this Quarterly Report on Form 10-Q to the “Company,” “we,” “us” and “our” refer to iHeartMedia, Inc. and its consolidated subsidiaries. The Company’s reportable segments are iHeartMedia (“iHM”), Americas outdoor advertising (“Americas outdoor” or “Americas outdoor advertising”) and International outdoor advertising (“International outdoor” or “International outdoor advertising”). The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2017 Annual Report on Form 10-K. Th e consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20% to 50% of the voting common stock or otherwise exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process. The Company re-evaluated its segment reporting and determined that its Latin American operations should be managed by its International leadership team. As a result, beginning on January 1, 2018 , the operations of Latin America are no longer reflected within the Company’s Americas segment and are included in the results of its International segment. Accordingly, the Company has recast the corresponding segment disclosures for prior periods to include Latin America within the International segment. Voluntary Filing under Chapter 11 On March 14, 2018 (the "Petition Date"), the Company, iHeartCommunications, Inc. ("iHeartCommunications") and certain of the Company's direct and indirect domestic subsidiaries (collectively, the "Debtors") filed voluntary petitions for relief (the "Chapter 11 Cases") under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"), in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court"). Clear Channel Outdoor Holdings, Inc. (“CCOH”) and its direct and indirect subsidiaries did not file voluntary petitions for reorganization under the Bankruptcy Code and are not Debtors in the Chapter 11 Cases. The Chapter 11 Cases are being administered under the caption In re: iHeartMedia, Inc., Case No. 18-31274 (MI) . The Debtors are operating their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. On March 16, 2018, the Debtors entered into a Restructuring Support Agreement (the “RSA”) with certain creditors and equityholders (the “Consenting Stakeholders”). The RSA contemplates the restructuring and recapitalization of the Debtors (the “Restructuring Transactions”), which will be implemented through a plan of reorganization in the Chapter 11 Cases, if confirmed by the Bankruptcy Court. Pursuant to the RSA, the Consenting Stakeholders have agreed to, among other things, support the Restructuring Transactions and vote in favor of a plan of reorganization to effect the Restructuring Transactions. The RSA provides certain milestones for the Restructuring Transactions. Failure of the Debtors to satisfy these milestones without a waiver or consensual amendment would provide the Consenting Stakeholders a termination right under the RSA. These milestones include (i) the filing of a plan of reorganization and disclosure statement, in form and substance reasonably acceptable to the Debtors and the Consenting Stakeholders, which were filed with the Bankruptcy Court on April 28, 2018, (ii) the filing of a motion for approval of the disclosure statement by May 31, 2018, (iii) the entry of an order approving the disclosure statement by July 7, 2018 (subject to two 20-day extensions on the terms set forth on the RSA), (iv) the entry of an order confirming the plan of reorganization within 75 days of the entry of an order approving the disclosure statement and (v) the effective date of the plan of reorganization occurring by March 14, 2019. iHeartCommunications, which is a Debtor in the Chapter 11 Cases, provides the day-to-day cash management services for CCOH’s cash activities and balances in the U.S. pursuant to the Corporate Services Agreement between iHeartCommunications and CCOH, and is continuing to do so during the Chapter 11 Cases pursuant to a cash management order approved by the Bankruptcy Court. iHeartCommunications' filing of the Chapter 11 Cases constituted an event of default that accelerated its obligations under its debt agreements. Due to the Chapter 11 Cases, however, the creditors’ ability to exercise remedies under iHeartCommunications' debt agreements were stayed as of March 14, 2018, the date of the Chapter 11 petition filing, and continue to be stayed. The Company has applied Accounting Standards Codification (“ASC”) 852 - Reorganizations in preparing the consolidated financial statements. ASC 852 requires the financial statements, for periods subsequent to the commencement of the Chapter 11 Cases, to distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Accordingly, certain charges incurred during the three months ended March 31, 2018 related to the bankruptcy proceedings, including unamortized long-term debt fees and discounts associated with debt classified as liabilities subject to compromise, are recorded as Reorganization items, net. In addition, pre-petition Debtor obligations that may be impacted by the Chapter 11 Cases have been classified on the Consolidated Balance Sheet at March 31, 2018 as Liabilities subject to compromise. These liabilities are reported at the amounts the Company anticipates will be allowed by the Bankruptcy Court, even if they may be settled for lesser amounts. See below for more information regarding Reorganization items. ASC 852 requires certain additional reporting for financial statements prepared between the bankruptcy filing date and the date of emergence from bankruptcy, including: • Reclassification of Debtor pre-petition liabilities that are unsecured, under-secured or where it cannot be determined that the liabilities are fully secured, to a separate line item in the Consolidated Balance Sheet called, "Liabilities subject to compromise"; and • Segregation of Reorganization items, net as a separate line in the Consolidated Statement of Comprehensive Loss, outside of income from continuing operations. Debtor-In-Possession The Debtors are currently operating as debtors in possession in accordance with the applicable provisions of the Bankruptcy Code. The Bankruptcy Court has approved motions filed by the Debtors that were designed primarily to mitigate the impact of the Chapter 11 Cases on the Company’s operations, customers and employees. In general, as debtors-in-possession under the Bankruptcy Code, the Debtors are authorized to continue to operate as an ongoing business, but may not engage in transactions outside the ordinary course of business without the prior approval of the Bankruptcy Court. Pursuant to first day motions and second day motions filed with the Bankruptcy Court, the Bankruptcy Court authorized the Debtors to conduct their business activities in the ordinary course, including, among other things and subject to the terms and conditions of such orders, authorizing the Debtors to: (i) pay employees’ wages and related obligations; (ii) continue to operate their cash management system in a form substantially similar to pre-petition practice; (iii) use cash collateral on an interim basis; (iv) continue to honor certain obligations related to on-air talent, station affiliates and royalty obligations; (v) continue to maintain certain customer programs; (vi) pay taxes in the ordinary course; (vii) continue their surety bond program; and (viii) maintain their insurance program in the ordinary course. Automatic Stay Subject to certain specific exceptions under the Bankruptcy Code, the Bankruptcy Petitions automatically stayed most judicial or administrative actions against the Debtors and efforts by creditors to collect on or otherwise exercise rights or remedies with respect to pre-petition claims. Absent an order from the Bankruptcy Court, substantially all of the Debtors’ pre-petition liabilities are subject to settlement under the Bankruptcy Code. See Note 13, Condensed Combined Debtor-In-Possession Financial Information . Executory Contracts Subject to certain exceptions, under the Bankruptcy Code, the Debtors may assume, amend or reject certain executory contracts and unexpired leases subject to the approval of the Bankruptcy Court and certain other conditions. Generally, the rejection of an executory contract or unexpired lease is treated as a pre-petition breach of such executory contract or unexpired lease and, subject to certain exceptions, relieves the Debtors from performing their future obligations under such executory contract or unexpired lease but entitles the contract counterparty or lessor to a pre-petition general unsecured claim for damages caused by such deemed breach. Generally, the assumption of an executory contract or unexpired lease requires the Debtors to cure existing monetary defaults under such executory contract or unexpired lease and provide adequate assurance of future performance. Accordingly, any description of an executory contract or unexpired lease with the Debtors in this document, including where applicable a quantification of the Company’s obligations under any such executory contract or unexpired lease of the Debtors, is qualified by any overriding rejection rights the Company has under the Bankruptcy Code. Potential Claims The Debtors have filed with the Bankruptcy Court schedules and statements setting forth, among other things, the assets and liabilities of each of the Debtors, subject to the assumptions filed in connection therewith. These schedules and statements may be subject to further amendment or modification after filing. Certain holders of pre-petition claims that are not governmental units are required to file proofs of claim by the deadline for general claims, which is currently expected to be June 18, 2018 (the “Bar Date”). The Debtors' have received approximately 1,200 proofs of claim, primarily representing general unsecured claims, for an amount of approximately $99.1 million . These claims will be reconciled to amounts recorded in the Company's accounting records. Differences in amounts recorded and claims filed by creditors will be investigated and resolved, including through the filing of objections with the Bankruptcy Court, where appropriate. The Company may ask the Bankruptcy Court to disallow claims that the Company believes are duplicative, have been later amended or superseded, are without merit, are overstated or should be disallowed for other reasons. In addition, as a result of this process, the Company may identify additional liabilities that will need to be recorded or reclassified to Liabilities subject to compromise. In light of the substantial number of claims filed, and expected to be filed, the claims resolution process may take considerable time to complete and likely will continue after the Debtors emerge from bankruptcy. Reorganization Items, Net The Debtors have incurred and will continue to incur significant costs associated with the reorganization, primarily the write-off of original issue discount and deferred long-term debt fees on debt subject to compromise, legal and professional fees. The amount of these costs, which since the Petition Date are being expensed as incurred, are expected to significantly affect the Company’s results of operations. In accordance with applicable guidance, costs associated with the bankruptcy proceedings have been recorded as Reorganization items, net within the Company's accompanying Consolidated Statement of Comprehensive Loss for the three months ended March 31, 2018 . See Note 12, Reorganization Items, Net . Financial Statement Classification of Liabilities Subject to Compromise The accompanying Consolidated Balance Sheet as of March 31, 2018 includes amounts classified as Liabilities subject to compromise, which represent liabilities the Company anticipates will be allowed as claims in the Chapter 11 Cases. These amounts represent the Debtors’ current estimate of known or potential obligations to be resolved in connection with the Chapter 11 Cases, and may differ from actual future settlement amounts paid. Differences between liabilities estimated and claims filed, or to be filed, will be investigated and resolved in connection with the claims resolution process. The Company will continue to evaluate these liabilities throughout the Chapter 11 process and adjust amounts as necessary. Such adjustments may be material. See Note 11, Liabilities Subject to Compromise . Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern and contemplate the realization of assets and the satisfaction of liabilities in the normal course of business. As noted above, Liabilities subject to compromise will be resolved in connection with the Chapter 11 Cases. The Company’s ability to continue as a going concern is contingent upon the Company’s ability to successfully implement the Company’s plan of reorganization, among other factors. As a result of the Chapter 11 Cases, the realization of assets and the satisfaction of liabilities are subject to uncertainty. While operating as debtors-in-possession under Chapter 11, the Company may sell or otherwise dispose of or liquidate assets or settle liabilities, subject to the approval of the Bankruptcy Court or as otherwise permitted in the ordinary course of business, for amounts other than those reflected in the accompanying consolidated financial statements. Further, the plan of reorganization could materially change the amounts and classifications of assets and liabilities reported in the consolidated financial statements. The accompanying consolidated financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities or any other adjustments that might be necessary should the Company be unable to continue as a going concern or as a consequence of the Chapter 11 Cases. As a result of our financial condition, the defaults under our debt agreements, and the risks and uncertainties surrounding the Chapter 11 Cases, substantial doubt exists that we will be able to continue as a going concern. New Accounting Pronouncements Recently Adopted As of January 1, 2018, the Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers . This standard provides guidance for the recognition, measurement and disclosure of revenue from contracts with customers and supersedes previous revenue recognition guidance under U.S. GAAP. The Company has applied this standard using the full retrospective method and concluded that its adoption did not have a material impact on the Company’s balance sheets, statements of comprehensive loss, or statements of cash flows for prior periods. Please refer to Note 2, “ Revenue from Contracts with Customers ,” for more information. As a result of adopting this new accounting standard, the Company has updated its significant accounting policies for accounts receivable and revenue recognition, as follows: Accounts Receivable Accounts receivable are recorded when the Company has an unconditional right to payment, either because it has satisfied a performance obligation prior to receiving payment from the customer or has a non-cancelable contract that has been billed in advance in accordance with the Company’s normal billing terms. Accounts receivable are recorded at the invoiced amount, net of reserves for sales returns and allowances and allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, it records a specific reserve to reduce the amounts recorded to what it believes will be collected. For all other customers, it recognizes reserves for bad debt based on historical experience of bad debts as a percent of revenue for each business unit, adjusted for relative improvements or deteriorations in the agings and changes in current economic conditions. The Company believes its concentration of credit risk is limited due to the large number and the geographic diversification of its customers. Revenue Recognition The Company recognizes revenue in amounts that reflect the consideration it expects to receive in exchange for transferring goods or services to customers, excluding sales taxes and other similar taxes collected on behalf of governmental authorities (the "transaction price”). When this consideration includes a variable amount, the Company estimates the amount of consideration it expects to receive and only recognizes revenue to the extent that it is probable it will not be reversed in a future reporting period. For revenue arrangements that contain multiple distinct goods or services, the Company allocates the transaction price to these performance obligations in proportion to their relative standalone selling prices. The Company recognizes revenue when or as it satisfies a performance obligation by transferring a promised good or service to a customer. Revenues from the Company’s iHM segment are recognized at the point in time when advertisements or programs are broadcast or other contracted services are provided. Revenues from the Company’s Americas and International outdoor advertising segments’ contracts, which typically cover periods of a few weeks to one year , are generally recognized ratably over the term of the contract as the advertisement is displayed and the performance obligation is satisfied. Revenues from the Company’s Other segment’s full-service media representation contracts, which typically have terms of up to ten years in length, consist of contractual commissions realized from the sale of advertising on behalf of clients and are recognized at the point in time when these advertisements are broadcast. Advertising revenue is reported net of agency commissions. The Company receives payments from customers based on billing schedules that are established in its contracts. Revenues from the Company’s iHM and Other segments are generally billed monthly upon satisfaction of the performance obligations. Outdoor advertising contracts are also generally billed monthly. Americas outdoor is generally billed in advance, and International outdoor includes a combination of advance billings and billings upon completion of service. Deferred income is recorded when payment is received from a customer before the Company has satisfied the performance obligation or a non-cancelable contract has been billed in advance in accordance with the Company’s normal billing terms. Trade and barter transactions represent the exchange of advertising spots or display space for merchandise, services or other assets in the ordinary course of business. The transaction price for these contracts is calculated based on the estimated fair value of the non-cash consideration received unless this is not reasonably estimable, in which case the consideration is measured based on the standalone selling price of the advertising spots or display space promised to the customer. Revenue is recognized on trade and barter transactions when the advertisements are broadcasted or displayed, and expenses are recorded ratably over a period that estimates when the merchandise, services or other assets received are utilized, or when the event occurs. Trade and barter revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively. Trade and barter revenues and expenses from continuing operations were as follows: Three Months Ended March 31, (In thousands) 2018 2017 Consolidated: Trade and barter revenues $ 57,285 $ 60,105 Trade and barter expenses 66,281 56,067 iHM Segment: Trade and barter revenues $ 53,946 $ 56,096 Trade and barter expenses 61,561 52,287 The Company applies a practical expedient to recognize incremental costs of obtaining a contract as expense when incurred if the period of benefit is one year or less. These costs primarily relate to sales commissions, which are included in selling, general and administrative expenses and are generally commensurate with sales. Total capitalized costs to obtain a contract were immaterial during the periods presented. Refer to Note 2, Revenue from Contracts with Customers , for more information about the Company’s revenue for the three months ended March 31, 2018 and 2017. Restricted Cash In November 2016, the FASB issued ASU 2016-18, Restricted Cash , which requires that restricted cash be presented with cash and cash equivalents in the statement of cash flows. Restricted cash is recorded in Other current assets and in Other assets in the Company's Consolidated Balance Sheets. The Company adopted ASU 2016-18 in the first quarter using the retrospective transition method, and accordingly, revised prior period amounts as shown in the Company's Consolidated Statements of Cash Flows. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the amounts reported in the Consolidated Statements of Cash Flows: (In thousands) March 31, 2018 December 31, 2017 Cash and cash equivalents $ 297,407 $ 267,109 Restricted cash included in: Other current assets 46,507 26,096 Other assets 16,587 18,095 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 360,501 $ 311,300 The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Debtors' Balance Sheet to the total of the amounts reported in the Debtors' Statement of Cash Flows: (In thousands) March 31, 2018 Cash and cash equivalents $ 120,121 Restricted cash included in: Other current assets 16,119 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 136,240 Stock Compensation During the second quarter of 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718) . This update mandates that entities will apply the modification accounting guidance if the value, vesting conditions or classification of a stock-based award changes. Entities will have to make all of the disclosures about modifications that are required today, in addition to disclosing that compensation expense hasn't changed. Additionally, the new guidance also clarifies that a modification to an award could be significant and therefore require disclosure, even if the modification accounting is not required. The guidance is being applied prospectively to awards modified on or after the adoption date and is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The Company adopted the provisions of ASU 2017-09 on January 1, 2018 and the adoption of ASU 2017-09 did not have an impact on our consolidated financial statements. New Accounting Pronouncements Not Yet Adopted During the first quarter of 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new leasing standard presents significant changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard which was issued in the third quarter of 2015. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the first quarter of 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) . This update eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The standard is effective for annual and any interim impairment tests performed for periods beginning after December 15, 2019. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The Company generates revenue from several sources, as follows: • The primary source of revenue in the iHM segment is the sale of advertising on the Company’s broadcast radio stations, its iHeartRadio mobile application and website, station websites, and national and local live events. This segment also generates revenues from traffic and weather data, programming talent, network compensation, and other miscellaneous transactions. • The Americas and International outdoor segments generate revenue primarily from the sale of advertising space on printed and digital displays, including billboards, street furniture displays, transit displays and retail displays. • The Company also generates revenue through contractual commissions realized from the sale of national spot and online advertising for clients of its full-service media representation business, Katz Media, which is reported in the Company’s Other segment. Certain of the revenue transactions in the Outdoor segments are considered leases as the agreements convey to customers the right to use the Company’s advertising structures for a stated period of time. In order for a transaction with a customer to qualify as a lease, the arrangement must be dependent on the use of a specified advertising structure, and the customer must have almost exclusive use of that structure during the term of the arrangement. Therefore, arrangements that do not involve the use of an advertising structure, where the Company can substitute the advertising structure that is used to display the customer’s advertisement, or where the advertising structure displays advertisements for multiple customers throughout the day are not leases. The Company accounts for revenue from leases, which are all classified as operating leases, in accordance with the lease accounting guidance ( Topic 840 ). All of the Company’s revenue transactions that do not qualify as a lease are accounted for as revenue from contracts with customers ( Topic 606 ). The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region, revenue from leases and total revenue for the three months ended March 31, 2018 and 2017 : (In thousands) iHM Americas Outdoor (1) International Outdoor (1) Other Eliminations Consolidated Three Months Ended March 31, 2018 Revenue from contracts with customers: United States $ 740,445 $ 96,147 $ — $ 28,218 $ (313 ) $ 864,497 Other Americas 78 650 16,792 — — 17,520 Europe 2,594 — 188,381 — — 190,975 Asia-Pacific and other 4,250 — 6,508 — — 10,758 Eliminations (3,680 ) — (71 ) — — (3,751 ) Total $ 743,687 $ 96,797 $ 211,610 $ 28,218 $ (313 ) $ 1,079,999 Revenue from leases 881 159,050 131,254 — (1,223 ) 289,962 Total Revenue $ 744,568 $ 255,847 $ 342,864 $ 28,218 $ (1,536 ) $ 1,369,961 Three Months Ended March 31, 2017 Revenue from contracts with customers: United States $ 753,332 $ 93,662 $ — $ 29,271 $ (570 ) $ 875,695 Other Americas 426 3,531 13,457 — — 17,414 Europe 2,010 — 154,604 — — 156,614 Asia-Pacific and other 3,805 — 5,456 — — 9,261 Eliminations (3,671 ) — (40 ) — — (3,711 ) Total $ 755,902 $ 97,193 $ 173,477 29,271 $ (570 ) $ 1,055,273 Revenue from leases 1,271 163,153 110,903 — (1,278 ) 274,049 Total Revenue $ 757,173 $ 260,346 $ 284,380 $ 29,271 $ (1,848 ) $ 1,329,322 (1) Due to a re-evaluation of the Company’s internal segment reporting during the three months ended March 31, 2018 , its operations in Latin America are being included in the International outdoor advertising segment results for all periods presented. See Note 1, Basis of Presentation . All of the Company’s advertising structures are used to generate revenue. Such revenue may be classified as revenue from contracts with customers or revenue from leases depending on the terms of the contract, as previously described. The following table presents the activity related to the Company’s contract balances from contracts with customers for the three months ended March 31, 2018 and 2017: Three Months Ended March 31, (In thousands) 2018 2017 Accounts receivable from contracts with customers: Beginning balance, net of allowance $ 1,200,050 $ 1,071,418 Additions (collections), net (151,417 ) (110,376 ) Bad debt, net of recoveries (7,460 ) (5,538 ) Ending balance, net of allowance $ 1,041,173 $ 955,504 Accounts receivable from leases 325,839 289,145 Accounts receivable, total $ 1,367,012 $ 1,244,649 Deferred income from contracts with customers: Beginning balance $ 297,686 $ 313,545 Revenue recognized, included in beginning balance (112,114 ) (124,246 ) Additions, net of revenue recognized during period 138,613 136,651 Ending balance $ 324,185 $ 325,950 Deferred income from leases 68,571 66,758 Deferred income, total $ 392,756 $ 392,708 The Company’s contracts with customers generally have a term of one year or less; however, as of March 31, 2018 , the Company expects to recognize $250.4 million of revenue in future periods for remaining performance obligations from current contracts with customers that have an original expected duration of greater than one year, with substantially all of this amount to be recognized over the next five years. Commissions related to the Company’s media representation businesses have been excluded from this amount as they are contingent upon future sales. As part of the transition to the new revenue standard, the Company is not required to disclose information about remaining performance obligations for periods prior to the date of initial application. Revenue from Leases As of December 31, 2017 , the Company’s future minimum rentals under non-cancelable operating leases were as follows: (in thousands) 2018 $ 278,957 2019 37,024 2020 19,103 2021 13,683 2022 9,628 Thereafter 18,836 Total minimum future rentals $ 377,231

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets as of March 31, 2018 and December 31, 2017 , respectively: (In thousands) March 31, December 31, Land, buildings and improvements $ 565,397 $ 562,702 Structures 2,890,924 2,864,442 Towers, transmitters and studio equipment 357,149 356,664 Furniture and other equipment 727,825 707,163 Construction in progress 69,958 74,810 4,611,253 4,565,781 Less: accumulated depreciation 2,772,454 2,681,067 Property, plant and equipment, net $ 1,838,799 $ 1,884,714 Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist of Federal Communications Commission (“FCC”) broadcast licenses in its iHM segment and billboard permits in its Americas outdoor advertising segment. Due to significant differences in both business practices and regulations, billboards in the International outdoor segment are subject to long-term, finite contracts unlike the Company’s permits in the United States. Accordingly, there are no indefinite-lived intangible assets in the International outdoor segment. Other Intangible Assets Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets primarily include transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site leases and other contractual rights, all of which are amortized over the shorter of either the respective lives of the agreements or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of March 31, 2018 and December 31, 2017 , respectively: (In thousands) March 31, 2018 December 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor $ 557,381 $ (453,022 ) $ 548,918 $ (440,284 ) Customer / advertiser relationships 1,226,328 (1,163,781 ) 1,226,314 (1,133,251 ) Talent contracts 161,962 (142,513 ) 161,962 (138,728 ) Representation contracts 77,507 (65,191 ) 77,507 (62,753 ) Permanent easements 162,920 — 162,920 — Other 373,864 (231,799 ) 372,292 (224,841 ) Total $ 2,559,962 $ (2,056,306 ) $ 2,549,913 $ (1,999,857 ) Total amortization expense related to definite-lived intangible assets for the three months ended March 31, 2018 and 2017 was $47.0 million and $49.1 million , respectively. As acquisitions and dispositions occur in the future, amortization expense may vary. The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2019 $ 46,286 2020 39,433 2021 34,595 2022 29,354 2023 21,643 Goodwill The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor Advertising International Outdoor Advertising Other Consolidated Balance as of December 31, 2016 $ 3,288,481 $ 505,478 $ 190,785 $ 81,831 $ 4,066,575 Impairment — — (1,591 ) — (1,591 ) Acquisitions 2,442 2,252 — — 4,694 Dispositions (35,715 ) — (1,817 ) — (37,532 ) Foreign currency — — 18,847 — 18,847 Assets held for sale — 89 — — 89 Balance as of December 31, 2017 $ 3,255,208 $ 507,819 $ 206,224 $ 81,831 $ 4,051,082 Dispositions (1,606 ) — — — (1,606 ) Foreign currency — — 4,624 — 4,624 Balance as of March 31, 2018 $ 3,253,602 $ 507,819 $ 210,848 $ 81,831 $ 4,054,100

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of March 31, 2018 and December 31, 2017 consisted of the following: (In thousands) March 31, December 31, Senior Secured Credit Facilities $ — $ 6,300,000 Receivables Based Credit Facility Due 2020 (1) 379,047 405,000 9.0% Priority Guarantee Notes Due 2019 — 1,999,815 9.0% Priority Guarantee Notes Due 2021 — 1,750,000 11.25% Priority Guarantee Notes Due 2021 — 870,546 9.0% Priority Guarantee Notes Due 2022 — 1,000,000 10.625% Priority Guarantee Notes Due 2023 — 950,000 Subsidiary Revolving Credit Facility Due 2018 (2) — — Other secured subsidiary debt (3) 4,385 8,522 Total consolidated secured debt 383,432 13,283,883 14.0% Senior Notes Due 2021 — 1,763,925 Legacy Notes (4) — 475,000 10.0% Senior Notes Due 2018 (5) — 47,482 Subsidiary Senior Notes due 2022 2,725,000 2,725,000 Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000 Clear Channel International B.V. Senior Notes due 2020 375,000 375,000 Other subsidiary debt 333 24,615 Purchase accounting adjustments and original issue discount (6) (360 ) (136,653 ) Long-term debt fees (6) (45,915 ) (109,071 ) Long-term debt, net subject to compromise (7) 15,150,191 — Total debt, prior to reclassification to Liabilities subject to compromise 20,787,681 20,649,181 Less: current portion 820 14,972,367 Less: Amounts reclassified to Liabilities subject to compromise 15,150,191 — Total long-term debt $ 5,636,670 $ 5,676,814 (1) On November 30, 2017, iHeartCommunications refinanced its receivables based credit facility and replaced it with a $300.0 million term loan and revolving credit commitments of $250.0 million . The facility has a three -year term, maturing in 2020 and accrues interest at a rate of LIBOR plus 4.75% . On January 18, 2018, iHeartCommunications incurred $25.0 million of additional borrowings under the revolving credit loan portion of this facility bringing its total outstanding borrowings under the facility to $430.0 million . In February 2018, iHeartCommunications prepaid $59.0 million on the revolving credit loan portion of this facility. On the Petition Date, the Company incurred a prepayment premium of $5.5 million upon acceleration of the loans and pre-petition accrued interest and fees totaling $2.4 million , which were added to the principal amount outstanding under the facility, bringing the total outstanding borrowings under the facility to $379.0 million . (2) The Subsidiary Revolving Credit Facility provides for borrowings up to $ 75.0 million (the revolving credit commitment). The facility matures on August 22, 2018, and CCOH is in advanced negotiations with potential lenders to refinance the existing credit facility prior to its maturity. (3) Other secured subsidiary debt matures at various dates from 2018 through 2045. (4) iHeartCommunications' Legacy Notes, all of which were issued prior to the acquisition of iHeartCommunications by the Company in 2008, consist of Senior Notes maturing at various dates in 2018 and 2027, as well as $57.1 million of Senior Notes due 2016 held by a subsidiary of the Company that remain outstanding but are eliminated for purposes of consolidation of the Company’s financial statements. (5) On January 4, 2018, iHeartCommunications repurchased $5.4 million aggregate principal amount of 10.0% Senior Notes due 2018 that were held by unaffiliated third parties for $5.3 million in cash. On January 16, 2018, iHeartCommunications repaid the remaining balance of $42.1 million aggregate principal amount of 10.0% Senior Notes due 2018 at maturity. (6) As a result of the Company's Chapter 11 Cases, the Company expensed $54.7 million of deferred long-term debt fees and $131.1 million of original issue discount to Reorganization items, net, in the Consolidated Statement of Comprehensive Loss for the three months ended March 31, 2018. (7) In connection with the Company's Chapter 11 Cases, the $6.3 billion outstanding under the Senior Secured Credit Facilities, the $1,999.8 million outstanding under the 9.0% Priority Guarantee Notes due 2019, the $1,750.0 million outstanding under the 9.0% Priority Guarantee Notes due 2021, the $870.5 million of 11.25% Priority Guarantee Notes due 2021, the $1,000.0 million outstanding under the 9.0% Priority Guarantee Notes due 2022, the $950.0 million outstanding under the 10.625% Priority Guarantee Notes due 2023, $6.1 million outstanding Other Secured Subsidiary debt, the $1,781.6 million outstanding under the 14.0% Senior Notes due 2021, the $475.0 million outstanding under the Legacy Notes and $17.2 million outstanding Other Subsidiary Debt have been reclassified to Liabilities subject to compromise in the Company's Consolidated Balance Sheet as of March 31, 2018. As of the Petition Date, the Company ceased accruing interest expense in relation to long-term debt reclassified as Liabilities subject to compromise. The Company’s weighted average interest rate was 9.1% and 8.9% as of March 31, 2018 and December 31, 2017 , respectively. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $ 16.2 billion and $ 15.4 billion as of March 31, 2018 and December 31, 2017 , respectively. Under the fair value hierarchy established by ASC 820-10-35, the market value of the Company’s debt is classified as either Level 1 or Level 2. Surety Bonds, Letters of Credit and Guarantees As of March 31, 2018 , the Company and its subsidiaries had outstanding surety bonds, commercial standby letters of credit and bank guarantees of $ 73.1 million , $ 166.9 million and $ 39.9 million , respectively. A portion of the outstanding bank guarantees and letters of credit were supported by $ 17.8 million and $25.4 million of cash collateral, respectively. These surety bonds, letters of credit and bank guarantees relate to various operational matters including insurance, bid, concession and performance bonds as well as other items.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES iHeartCommunications' filing of the Chapter 11 Cases constitutes an event of default that accelerated its obligations under its debt agreements. Due to the Chapter 11 Cases, however, the creditors' ability to exercise remedies under iHeartCommunications' debt agreements were stayed as of March 14, 2018, the date of the Chapter 11 petition filing, and continue to be stayed. On March 21, 2018, Wilmington Savings Fund Society, FSB ("WSFS"), solely in its capacity as successor indenture trustee to the 6.875% senior notes due 2018 and 7.25% senior notes due 2027, and not in its individual capacity, filed an adversary proceeding against the Company in the Chapter 11 Cases. In the complaint, WSFS alleged, among other things, that the "springing lien" provisions of the priority guarantee notes indentures and the priority guarantee notes security agreements amounted to "hidden encumbrances" on the Company's property, to which the holders of the 6.875% senior notes due 2018 and 7.25% senior notes due 2027 were entitled to "equal and ratable" treatment. On March 26, 2018, Delaware Trust Co. ("Delaware Trust"), in its capacity as successor indenture trustee to the 14% senior notes due 2021, filed a motion to intervene as a plaintiff in the adversary proceeding filed by WSFS. In the complaint, Delaware Trust alleged, among other things, that the indenture governing the 14% senior notes due 2021 also has its own "negative pledge" covenant, and, therefore, to the extent the relief sought by WSFS in its adversary proceeding is warranted, the holders of the 14% senior notes due 2021 are also entitled to the same "equal and ratable" liens on the same property. On April 6, 2018, the Company filed a motion to dismiss the adversary proceeding and a hearing on such motion was held on May 7, 2018. The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company’s assumptions or the effectiveness of its strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations. Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of the Company’s litigation arises in the following contexts: commercial disputes; defamation matters; employment and benefits related claims; governmental fines; intellectual property claims; and tax disputes. Stockholder Litigation On May 9, 2016, a stockholder of Clear Channel Outdoor Holdings, Inc. ("CCOH") filed a derivative lawsuit in the Court of Chancery of the State of Delaware, captioned GAMCO Asset Management Inc. v. iHeartMedia Inc. et al., C.A. No. 12312-VCS. The complaint named as defendants the Company, iHeartCommunications, Inc. ("iHeartCommunications"), an indirect subsidiary of the Company , Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the "Sponsor Defendants"), the Company's private equity sponsors and majority owners, and the members of CCOH's board of directors. CCOH also was named as a nominal defendant. The complaint alleged that CCOH had been harmed by the intercompany agreements with iHeartCommunications , CCOH’s lack of autonomy over its own cash and the actions of the defendants in serving the interests of the Company, iHeartCommunications and the Sponsor Defendants to the detriment of CCOH and its minority stockholders. Specifically, the complaint alleged that the defendants breached their fiduciary duties by causing CCOH to: (i) continue to loan cash to iHeartCommunications under the intercompany note at below-market rates; (ii) abandon its growth and acquisition strategies in favor of transactions that would provide cash to the Company and iHeartCommunications ; (iii) issue new debt in the CCIBV note offering (the "CCIBV Note Offering") to provide cash to the Company and iHeartCommunications through a dividend; and (iv) effect the sales of certain outdoor markets in the U.S. (the "Outdoor Asset Sales") allegedly to provide cash to the Company and iHeartCommunications through a dividend. The complaint also alleged that the Company, iHeartCommunications and the Sponsor Defendants aided and abetted the directors' breaches of their fiduciary duties. The complaint further alleged that the Company, iHeartCommunications and the Sponsor Defendants were unjustly enriched as a result of these transactions and that these transactions constituted a waste of corporate assets for which the defendants are liable to CCOH. The plaintiff sought, among other things, a ruling that the defendants breached their fiduciary duties to CCOH and that the Company, iHeartCommunications and the Sponsor Defendants aided and abetted the CCOH board of directors' breaches of fiduciary duty, rescission of payments made by CCOH to iHeartCommunications and its affiliates pursuant to dividends declared in connection with the CCIBV Note Offering and Outdoor Asset Sales, and an order requiring the Company, iHeartCommunications and the Sponsor Defendants to disgorge all profits they have received as a result of the alleged fiduciary misconduct. On July 20, 2016, the defendants filed a motion to dismiss plaintiff's verified stockholder derivative complaint for failure to state a claim upon which relief can be granted. On November 23, 2016, the Court granted defendants' motion to dismiss all claims brought by the plaintiff. On December 19, 2016, the plaintiff filed a notice of appeal of the ruling. The oral hearing on the appeal was held on October 11, 2017. On October 12, 2017, the Supreme Court of Delaware affirmed the lower court's ruling, dismissing the case. On December 29, 2017, another stockholder of CCOH filed a derivative lawsuit in the Court of Chancery of the State of Delaware, captioned Norfolk County Retirement System, v. iHeartMedia, Inc., et al., C.A. No. 2017-0930-JRS. The complaint names as defendants the Company, iHeartCommunications, the Sponsor Defendants, and the members of CCOH's board of directors. CCOH is named as a nominal defendant. The complaint alleges that CCOH has been harmed by the CCOH Board’s November 2017 decision to extend the maturity date of the intercompany revolving note (the “Third Amendment”) at what the complaint describes as far-below-market interest rates. Specifically, the complaint alleges that (i) the Company and Sponsor defendants breached their fiduciary duties by exploiting their position of control to require CCOH to enter the Third Amendment on terms unfair to CCOH; (ii) the CCOH Board breached their duty of loyalty by approving the Third Amendment and elevating the interests of the Company, iHeartCommunications and the Sponsor Defendants over the interests of CCOH and its minority unaffiliated stockholders; and (iii) the terms of the Third Amendment could not have been agreed to in good faith and represent a waste of corporate assets by the CCOH Board. The complaint further alleges that the Company, iHeartCommunications and the Sponsor defendants were unjustly enriched as a result of the unfairly favorable terms of the Third Amendment. The plaintiff is seeking, among other things, a ruling that the defendants breached their fiduciary duties to CCOH, a modification of the Third Amendment to bear a commercially reasonable rate of interest, and an order requiring disgorgement of all profits, benefits and other compensation obtained by defendants as a result of the alleged breaches of fiduciary duties. On March 7, 2018, the defendants filed a motion to dismiss plaintiff's verified derivative complaint for failure to state a claim upon which relief can be granted. On March 16, 2018, the Company filed a Notice of Suggestion of Pendency of Bankruptcy and Automatic Stay of Proceedings. On May 4, 2018, plaintiff filed its response to the motion to dismiss. China Investigation Several employees of Clear Media Limited, an indirect, non-wholly-owned subsidiary of the Company whose ordinary shares are listed, but are currently suspended from trading on, the Hong Kong Stock Exchange, are subject to an ongoing police investigation in China for misappropriation of funds. The police investigation is on-going, and the Company is not aware of any litigation, claim or assessment pending against the Company. Based on information known to date, the Company believes any contingent liabilities arising from potential misconduct that has been or may be identified by the investigations are not material to the Company's consolidated financial statements. The Company advised both the United States Securities and Exchange Commission and the United States Department of Justice of the investigation at Clear Media Limited and is cooperating to provide information in response to inquiries from the agencies. The Clear Media Limited investigation could implicate the books and records, internal controls and anti-bribery provisions of the U.S. Foreign Corrupt Practices Act, which statute and regulations provide for potential monetary penalties as well as criminal and civil sanctions. It is possible that monetary penalties and other sanctions could be assessed on the Company in connection with this matter. The nature and amount of any monetary penalty or other sanctions cannot reasonably be estimated at this time.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Expense The Company’s income tax expense for the three months ended March 31, 2018 and 2017 , respectively, consisted of the following components: (In thousands) Three Months Ended March 31, 2018 2017 Current tax benefit (expense) $ (1,337 ) $ (26,112 ) Deferred tax benefit (expense) 118,703 (4,572 ) Income tax benefit (expense) $ 117,366 $ (30,684 ) The effective tax rates for the three months ended March 31, 2018 and 2017 were 21.4% and (8.6)% , respectively. The 2018 effective tax rate was primarily impacted by changes to the Company’s estimated annual effective tax rate when compared to prior year, which are driven primarily by the mix of earnings and different tax rates in the jurisdictions in which the Company operates. The 2017 effective tax rate was primarily impacted by the valuation allowance recorded against deferred tax assets resulting from current period net operating losses in U.S. federal, state and certain foreign jurisdictions due to uncertainty regarding the Company's ability to realize those assets in future periods. On December 22, 2017, the U.S. government enacted comprehensive income tax legislation, referred to as The Tax Cuts and Jobs Act (the “Tax Act”) which reduced the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018. During the three months ended March 31, 2018 , adjustments to the provisional income tax benefit recorded in December 2017 from the enactment of the Tax Act were not material. At March 31, 2018 , we have not yet completed our accounting for the income tax effects of the Tax Act, but have made reasonable estimates of those effects on our existing deferred income tax balances. The final financial statement impact of the Tax Act may differ from our previously recorded estimates, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action to address questions that arise because of the Tax Act, and changes in accounting standards for income taxes or related interpretations in response to the Tax Act, or any updates to estimates the company has utilized to calculate the provisional impacts. The Securities and Exchange Commission (SEC) has issued rules that allow for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related income tax impacts.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
STOCKHOLDERS' DEFICIT	STOCKHOLDERS’ DEFICIT The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company’s equity. The following table shows the changes in stockholders' deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest: (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2018 $ (11,370,219 ) $ 42,764 $ (11,327,455 ) Net loss (415,653 ) (15,897 ) (431,550 ) Dividends declared and other payments to noncontrolling interests — (3,251 ) (3,251 ) Share-based compensation 579 2,105 2,684 Foreign currency translation adjustments 1,570 5,446 7,016 Unrealized holding loss on marketable securities (81 ) (9 ) (90 ) Other, net (4 ) (16 ) (20 ) Balances as of March 31, 2018 $ (11,783,808 ) $ 31,142 $ (11,752,666 ) (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2017 $ (11,021,253 ) $ 135,778 $ (10,885,475 ) Net income (loss) (388,215 ) 635 (387,580 ) Dividends declared and other payments to noncontrolling interests — (28,058 ) (28,058 ) Share-based compensation 700 2,359 3,059 Purchase of additional noncontrolling interests 137 (137 ) — Disposal of noncontrolling interest — (1,046 ) (1,046 ) Foreign currency translation adjustments 11,018 (1,290 ) 9,728 Unrealized holding loss on marketable securities (51 ) (6 ) (57 ) Reclassification adjustments (1,477 ) (167 ) (1,644 ) Other, net (2 ) (221 ) (223 ) Balances as of March 31, 2017 $ (11,399,143 ) $ 107,847 $ (11,291,296 ) The Company has granted restricted stock and CCOH has granted restricted stock, restricted stock units and options to purchase shares of CCOH's Class A common stock to certain key individuals. COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended 2018 2017 NUMERATOR: Net loss attributable to the Company – common shares $ (415,653 ) $ (388,215 ) DENOMINATOR: Weighted average common shares outstanding - basic 85,215 84,754 Weighted average common shares outstanding - diluted (1) 85,215 84,754 Net loss attributable to the Company per common share: Basic $ (4.88 ) $ (4.58 ) Diluted $ (4.88 ) $ (4.58 ) (1) Outstanding equity awards of 8.2 million and 7.9 million for the three months ended March 31, 2018 and 2017 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

OTHER INFORMATION

OTHER INFORMATION	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
OTHER INFORMATION	OTHER INFORMATION Other Comprehensive Income (Loss) There was no change in deferred income tax liabilities resulting from adjustments to comprehensive loss for the three months ended March 31, 2018 and 2017 .

SEGMENT DATA

SEGMENT DATA	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s events and national syndication businesses. The Americas outdoor advertising segment consists of operations primarily in the United States. The International outdoor advertising segment primarily includes operations in Europe, Asia and Latin America. The Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expense. As of January 1, 2018, the Company revised its segment reporting, as discussed in Note 1. The following table presents the Company's reportable segment results for the three months ended March 31, 2018 and 2017 : (In thousands) iHM Americas Outdoor International Outdoor Other Corporate and other reconciling items Eliminations Consolidated Three Months Ended March 31, 2018 Revenue $ 744,568 $ 255,847 $ 342,864 $ 28,218 $ — $ (1,536 ) $ 1,369,961 Direct operating expenses 241,066 124,873 235,329 — — — 601,268 Selling, general and administrative expenses 321,270 48,950 78,458 24,822 — (513 ) 472,987 Corporate expenses — — — — 79,757 (1,023 ) 78,734 Depreciation and amortization 58,333 44,504 38,565 3,766 6,266 — 151,434 Other operating expense, net — — — — (3,286 ) — (3,286 ) Operating income (loss) $ 123,899 $ 37,520 $ (9,488 ) $ (370 ) $ (89,309 ) $ — $ 62,252 Intersegment revenues $ 14 $ 1,522 $ — $ — $ — $ — $ 1,536 Capital expenditures $ 9,077 $ 12,907 $ 15,272 $ 40 $ 1,407 $ — $ 38,703 Share-based compensation expense $ — $ — $ — $ — $ 2,684 $ — $ 2,684 Three Months Ended March 31, 2017 Revenue $ 757,173 $ 260,346 $ 284,380 $ 29,271 $ — $ (1,848 ) $ 1,329,322 Direct operating expenses 243,331 130,651 197,280 — — — 571,262 Selling, general and administrative expenses 308,151 50,378 65,396 27,641 — (947 ) 450,619 Corporate expenses — — — — 79,263 (901 ) 78,362 Depreciation and amortization 58,037 42,816 33,152 3,369 8,732 — 146,106 Other operating expense, net — — — — 31,084 — 31,084 Operating income (loss) $ 147,654 $ 36,501 $ (11,448 ) $ (1,739 ) $ (56,911 ) $ — $ 114,057 Intersegment revenues $ — $ 1,848 $ — $ — $ — $ — $ 1,848 Capital expenditures $ 13,237 $ 13,588 $ 22,340 $ 63 $ 1,799 $ — $ 51,027 Share-based compensation expense $ — $ — $ — $ — $ 3,059 $ — $ 3,059 (In thousands) Three Months Ended March 31, 2018 Revenue Direct operating expenses Selling, general and administrative expenses Corporate expenses Depreciation and amortization Impairment charges Other operating income, net Operating income (loss) Intersegment revenues Capital expenditures Share-based compensation expense Three Months Ended March 31, 2017 Revenue Direct operating expenses Selling, general and administrative expenses Corporate expenses Depreciation and amortization Impairment charges Other operating income, net Operating income (loss) Intersegment revenues Capital expenditures Share-based compensation expense

CERTAIN RELATIONSHIPS AND RELAT

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS	CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS The Company is a party to a management agreement with certain affiliates of Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the "Sponsors") and certain other parties pursuant to which such affiliates of the Sponsors will provide management and financial advisory services until December 31, 2018. These agreements require management fees to be paid to such affiliates of the Sponsors for such services at a rate not greater than $ 15.0 million per year, plus reimbursable expenses. For the three months ended March 31, 2018 and 2017 , the Company recognized management fees and reimbursable expenses of $3.1 million and $3.8 million , respectively.

LIABILITIES SUBJECT TO COMPROMI

LIABILITIES SUBJECT TO COMPROMISE	3 Months Ended
	Mar. 31, 2018
Reorganizations [Abstract]
LIABILITIES SUBJECT TO COMPROMISE	LIABILITIES SUBJECT TO COMPROMISE As discussed in Note 1, "Basis of Presentation", since the Petition Date, the Company has been operating as debtor in possession under the jurisdiction of the Bankruptcy Court and in accordance with provisions of the Bankruptcy Code. On the accompanying Consolidated Balance Sheets, the caption “Liabilities subject to compromise” reflects the expected allowed amount of the pre-petition claims that are not fully secured and that have at least a possibility of not being repaid at the full claim amount. Liabilities subject to compromise at March 31, 2018 consisted of the following: (In thousands) March 31, Accounts payable $ 64,448 Accrued expenses 142,443 Deferred taxes 502,334 Accounts payable, accrued and other liabilities 709,225 Debt subject to compromise 15,150,191 Accrued interest on debt subject to compromise 540,862 Other long-term liabilities 88,113 Long-term debt, accrued interest and other long-term liabilities 15,779,166 Total liabilities subject to compromise $ 16,488,391 Determination of the value at which liabilities will ultimately be settled cannot be made until the Bankruptcy Court approves the Plan of Reorganization. The Company will continue to evaluate the amount and classification of its pre-petition liabilities. Any additional liabilities that are subject to compromise will be recognized accordingly, and the aggregate amount of liabilities subject to compromise may change. REORGANIZATION ITEMS, NET Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying statements of operations for the three months ended March 31, 2018 and were as follows: (In thousands) Three Months Ended March 31, 2018 Write-off of deferred long-term debt fees on debt subject to compromise $ 54,670 Write-off of original issue discount on debt subject to compromise 131,100 Professional fees 6,285 Reorganization items, net $ 192,055 Professional fees included in Reorganization items, net represent fees for post-petition expenses related to the Chapter 11 Cases. Deferred long-term debt fees and original issue discount are included in Reorganization items, net. As of March 31, 2018 , $6.1 million of professional fees were unpaid and accrued in Accounts Payable and Accrued Expenses in the accompanying Consolidated Balance Sheet. CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION The financial statements below represent the condensed combined financial statements of the Debtors. Effective January 1, 2018, the results of the Company’s Non-Filing Entities, which are comprised primarily of the Company's Americas outdoor and International outdoor segments, are not included in these condensed combined financial statements. Intercompany transactions among the Debtors have been eliminated in the financial statements contained herein. Intercompany transactions among the Debtors and the Non-Filing Entities have not been eliminated in the Debtors’ financial statements. Debtors' Balance Sheet (In thousands) March 31, (Unaudited) CURRENT ASSETS Cash and cash equivalents $ 120,121 Accounts receivable, net of allowance of $26.8 million 728,528 Prepaid expenses 118,179 Other current assets 83,269 Total Current Assets 1,050,097 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net 473,231 INTANGIBLE ASSETS AND GOODWILL Indefinite-lived intangibles - licenses 2,442,785 Other intangibles, net 230,075 Goodwill 3,335,433 OTHER ASSETS Other assets 47,398 Total Assets $ 7,579,019 CURRENT LIABILITIES Accounts payable $ 15,001 Intercompany payable 193 Accrued expenses 90,026 Accrued interest 1,363 Deferred income 137,592 Total Current Liabilities 244,175 Long-term debt 365,811 Other long-term liabilities 237,313 Liabilities subject to compromise 1 17,520,114 EQUITY (DEFICIT) Equity (10,788,394 ) Total Liabilities and Equity $ 7,579,019 1 In connection with the cash management arrangements with CCOH, the Company maintains an intercompany revolving promissory note payable by the Company to CCOH (the "Intercompany Note"), which matures on May 15, 2019. Liabilities subject to compromise include the principal amount outstanding under the Intercompany Note, which totals $1,031.7 million as of March 31, 2018. Debtors' Statement of Operations (In thousands) Three Months Ended March 31, 2018 Revenue $ 767,007 Operating expenses: Direct operating expenses (excludes depreciation and amortization) 239,461 Selling, general and administrative expenses (excludes depreciation and amortization) 342,951 Corporate expenses (excludes depreciation and amortization) 44,308 Depreciation and amortization 67,116 Other operating expense, net (3,232 ) Operating income 69,939 Interest expense, net 1 342,564 Equity in loss of nonconsolidated affiliates (32 ) Gain on extinguishment of debt 5,667 Dividend income 2 25,483 Other expense, net (20,060 ) Reorganization items, net 192,055 Loss before income taxes (453,622 ) Income tax benefit 162,973 Net loss $ (290,649 ) 1 Includes interest incurred during the three months ended March 31, 2018 in relation to the Intercompany Note. 2 Consists of cash dividends received from Non-Debtor entities during the three months ended March 31, 2018. Debtors' Statement of Cash Flows (In thousands) Three Months Ended March 31, 2018 Cash flows from operating activities: Consolidated net loss $ (290,649 ) Reconciling items: Depreciation and amortization 67,116 Deferred taxes (138,949 ) Provision for doubtful accounts 6,829 Amortization of deferred financing charges and note discounts, net 11,043 Non-cash Reorganization items, net 191,903 Share-based compensation 578 Loss on disposal of operating and other assets 1,864 Equity in loss of nonconsolidated affiliates 32 Gain on extinguishment of debt (5,667 ) Barter and trade income (357 ) Other reconciling items, net (80 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable 110,270 Increase in prepaid expenses and other current assets (66,429 ) Decrease in accrued expenses (27,223 ) Increase in accounts payable 4,444 Increase in accrued interest 301,896 Increase in deferred income 13,604 Changes in other operating assets and liabilities (1,116 ) Net cash provided by operating activities 179,109 Cash flows from investing activities: Purchases of property, plant and equipment (10,010 ) Proceeds from disposal of assets 1,028 Purchases of other operating assets (305 ) Change in other, net (29 ) Net cash used for investing activities (9,316 ) Cash flows from financing activities: Draws on credit facilities 25,000 Payments on credit facilities (59,000 ) Payments on long-term debt (50,027 ) Net transfers to related parties (51,996 ) Change in other, net 2 Net cash used for financing activities (136,021 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — Net increase in cash, cash equivalents and restricted cash 33,772 Cash, cash equivalents and restricted cash at beginning of period 102,468 Cash, cash equivalents and restricted cash at end of period $ 136,240

REORGANIZATION ITEMS, NET

REORGANIZATION ITEMS, NET	3 Months Ended
	Mar. 31, 2018
Reorganizations [Abstract]
REORGANIZATION ITEMS, NET	LIABILITIES SUBJECT TO COMPROMISE As discussed in Note 1, "Basis of Presentation", since the Petition Date, the Company has been operating as debtor in possession under the jurisdiction of the Bankruptcy Court and in accordance with provisions of the Bankruptcy Code. On the accompanying Consolidated Balance Sheets, the caption “Liabilities subject to compromise” reflects the expected allowed amount of the pre-petition claims that are not fully secured and that have at least a possibility of not being repaid at the full claim amount. Liabilities subject to compromise at March 31, 2018 consisted of the following: (In thousands) March 31, Accounts payable $ 64,448 Accrued expenses 142,443 Deferred taxes 502,334 Accounts payable, accrued and other liabilities 709,225 Debt subject to compromise 15,150,191 Accrued interest on debt subject to compromise 540,862 Other long-term liabilities 88,113 Long-term debt, accrued interest and other long-term liabilities 15,779,166 Total liabilities subject to compromise $ 16,488,391 Determination of the value at which liabilities will ultimately be settled cannot be made until the Bankruptcy Court approves the Plan of Reorganization. The Company will continue to evaluate the amount and classification of its pre-petition liabilities. Any additional liabilities that are subject to compromise will be recognized accordingly, and the aggregate amount of liabilities subject to compromise may change. REORGANIZATION ITEMS, NET Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying statements of operations for the three months ended March 31, 2018 and were as follows: (In thousands) Three Months Ended March 31, 2018 Write-off of deferred long-term debt fees on debt subject to compromise $ 54,670 Write-off of original issue discount on debt subject to compromise 131,100 Professional fees 6,285 Reorganization items, net $ 192,055 Professional fees included in Reorganization items, net represent fees for post-petition expenses related to the Chapter 11 Cases. Deferred long-term debt fees and original issue discount are included in Reorganization items, net. As of March 31, 2018 , $6.1 million of professional fees were unpaid and accrued in Accounts Payable and Accrued Expenses in the accompanying Consolidated Balance Sheet. CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION The financial statements below represent the condensed combined financial statements of the Debtors. Effective January 1, 2018, the results of the Company’s Non-Filing Entities, which are comprised primarily of the Company's Americas outdoor and International outdoor segments, are not included in these condensed combined financial statements. Intercompany transactions among the Debtors have been eliminated in the financial statements contained herein. Intercompany transactions among the Debtors and the Non-Filing Entities have not been eliminated in the Debtors’ financial statements. Debtors' Balance Sheet (In thousands) March 31, (Unaudited) CURRENT ASSETS Cash and cash equivalents $ 120,121 Accounts receivable, net of allowance of $26.8 million 728,528 Prepaid expenses 118,179 Other current assets 83,269 Total Current Assets 1,050,097 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net 473,231 INTANGIBLE ASSETS AND GOODWILL Indefinite-lived intangibles - licenses 2,442,785 Other intangibles, net 230,075 Goodwill 3,335,433 OTHER ASSETS Other assets 47,398 Total Assets $ 7,579,019 CURRENT LIABILITIES Accounts payable $ 15,001 Intercompany payable 193 Accrued expenses 90,026 Accrued interest 1,363 Deferred income 137,592 Total Current Liabilities 244,175 Long-term debt 365,811 Other long-term liabilities 237,313 Liabilities subject to compromise 1 17,520,114 EQUITY (DEFICIT) Equity (10,788,394 ) Total Liabilities and Equity $ 7,579,019 1 In connection with the cash management arrangements with CCOH, the Company maintains an intercompany revolving promissory note payable by the Company to CCOH (the "Intercompany Note"), which matures on May 15, 2019. Liabilities subject to compromise include the principal amount outstanding under the Intercompany Note, which totals $1,031.7 million as of March 31, 2018. Debtors' Statement of Operations (In thousands) Three Months Ended March 31, 2018 Revenue $ 767,007 Operating expenses: Direct operating expenses (excludes depreciation and amortization) 239,461 Selling, general and administrative expenses (excludes depreciation and amortization) 342,951 Corporate expenses (excludes depreciation and amortization) 44,308 Depreciation and amortization 67,116 Other operating expense, net (3,232 ) Operating income 69,939 Interest expense, net 1 342,564 Equity in loss of nonconsolidated affiliates (32 ) Gain on extinguishment of debt 5,667 Dividend income 2 25,483 Other expense, net (20,060 ) Reorganization items, net 192,055 Loss before income taxes (453,622 ) Income tax benefit 162,973 Net loss $ (290,649 ) 1 Includes interest incurred during the three months ended March 31, 2018 in relation to the Intercompany Note. 2 Consists of cash dividends received from Non-Debtor entities during the three months ended March 31, 2018. Debtors' Statement of Cash Flows (In thousands) Three Months Ended March 31, 2018 Cash flows from operating activities: Consolidated net loss $ (290,649 ) Reconciling items: Depreciation and amortization 67,116 Deferred taxes (138,949 ) Provision for doubtful accounts 6,829 Amortization of deferred financing charges and note discounts, net 11,043 Non-cash Reorganization items, net 191,903 Share-based compensation 578 Loss on disposal of operating and other assets 1,864 Equity in loss of nonconsolidated affiliates 32 Gain on extinguishment of debt (5,667 ) Barter and trade income (357 ) Other reconciling items, net (80 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable 110,270 Increase in prepaid expenses and other current assets (66,429 ) Decrease in accrued expenses (27,223 ) Increase in accounts payable 4,444 Increase in accrued interest 301,896 Increase in deferred income 13,604 Changes in other operating assets and liabilities (1,116 ) Net cash provided by operating activities 179,109 Cash flows from investing activities: Purchases of property, plant and equipment (10,010 ) Proceeds from disposal of assets 1,028 Purchases of other operating assets (305 ) Change in other, net (29 ) Net cash used for investing activities (9,316 ) Cash flows from financing activities: Draws on credit facilities 25,000 Payments on credit facilities (59,000 ) Payments on long-term debt (50,027 ) Net transfers to related parties (51,996 ) Change in other, net 2 Net cash used for financing activities (136,021 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — Net increase in cash, cash equivalents and restricted cash 33,772 Cash, cash equivalents and restricted cash at beginning of period 102,468 Cash, cash equivalents and restricted cash at end of period $ 136,240

CONDENSED COMBINED DEBTOR-IN-PO

CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2018
Reorganizations [Abstract]
CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION	LIABILITIES SUBJECT TO COMPROMISE As discussed in Note 1, "Basis of Presentation", since the Petition Date, the Company has been operating as debtor in possession under the jurisdiction of the Bankruptcy Court and in accordance with provisions of the Bankruptcy Code. On the accompanying Consolidated Balance Sheets, the caption “Liabilities subject to compromise” reflects the expected allowed amount of the pre-petition claims that are not fully secured and that have at least a possibility of not being repaid at the full claim amount. Liabilities subject to compromise at March 31, 2018 consisted of the following: (In thousands) March 31, Accounts payable $ 64,448 Accrued expenses 142,443 Deferred taxes 502,334 Accounts payable, accrued and other liabilities 709,225 Debt subject to compromise 15,150,191 Accrued interest on debt subject to compromise 540,862 Other long-term liabilities 88,113 Long-term debt, accrued interest and other long-term liabilities 15,779,166 Total liabilities subject to compromise $ 16,488,391 Determination of the value at which liabilities will ultimately be settled cannot be made until the Bankruptcy Court approves the Plan of Reorganization. The Company will continue to evaluate the amount and classification of its pre-petition liabilities. Any additional liabilities that are subject to compromise will be recognized accordingly, and the aggregate amount of liabilities subject to compromise may change. REORGANIZATION ITEMS, NET Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying statements of operations for the three months ended March 31, 2018 and were as follows: (In thousands) Three Months Ended March 31, 2018 Write-off of deferred long-term debt fees on debt subject to compromise $ 54,670 Write-off of original issue discount on debt subject to compromise 131,100 Professional fees 6,285 Reorganization items, net $ 192,055 Professional fees included in Reorganization items, net represent fees for post-petition expenses related to the Chapter 11 Cases. Deferred long-term debt fees and original issue discount are included in Reorganization items, net. As of March 31, 2018 , $6.1 million of professional fees were unpaid and accrued in Accounts Payable and Accrued Expenses in the accompanying Consolidated Balance Sheet. CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION The financial statements below represent the condensed combined financial statements of the Debtors. Effective January 1, 2018, the results of the Company’s Non-Filing Entities, which are comprised primarily of the Company's Americas outdoor and International outdoor segments, are not included in these condensed combined financial statements. Intercompany transactions among the Debtors have been eliminated in the financial statements contained herein. Intercompany transactions among the Debtors and the Non-Filing Entities have not been eliminated in the Debtors’ financial statements. Debtors' Balance Sheet (In thousands) March 31, (Unaudited) CURRENT ASSETS Cash and cash equivalents $ 120,121 Accounts receivable, net of allowance of $26.8 million 728,528 Prepaid expenses 118,179 Other current assets 83,269 Total Current Assets 1,050,097 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net 473,231 INTANGIBLE ASSETS AND GOODWILL Indefinite-lived intangibles - licenses 2,442,785 Other intangibles, net 230,075 Goodwill 3,335,433 OTHER ASSETS Other assets 47,398 Total Assets $ 7,579,019 CURRENT LIABILITIES Accounts payable $ 15,001 Intercompany payable 193 Accrued expenses 90,026 Accrued interest 1,363 Deferred income 137,592 Total Current Liabilities 244,175 Long-term debt 365,811 Other long-term liabilities 237,313 Liabilities subject to compromise 1 17,520,114 EQUITY (DEFICIT) Equity (10,788,394 ) Total Liabilities and Equity $ 7,579,019 1 In connection with the cash management arrangements with CCOH, the Company maintains an intercompany revolving promissory note payable by the Company to CCOH (the "Intercompany Note"), which matures on May 15, 2019. Liabilities subject to compromise include the principal amount outstanding under the Intercompany Note, which totals $1,031.7 million as of March 31, 2018. Debtors' Statement of Operations (In thousands) Three Months Ended March 31, 2018 Revenue $ 767,007 Operating expenses: Direct operating expenses (excludes depreciation and amortization) 239,461 Selling, general and administrative expenses (excludes depreciation and amortization) 342,951 Corporate expenses (excludes depreciation and amortization) 44,308 Depreciation and amortization 67,116 Other operating expense, net (3,232 ) Operating income 69,939 Interest expense, net 1 342,564 Equity in loss of nonconsolidated affiliates (32 ) Gain on extinguishment of debt 5,667 Dividend income 2 25,483 Other expense, net (20,060 ) Reorganization items, net 192,055 Loss before income taxes (453,622 ) Income tax benefit 162,973 Net loss $ (290,649 ) 1 Includes interest incurred during the three months ended March 31, 2018 in relation to the Intercompany Note. 2 Consists of cash dividends received from Non-Debtor entities during the three months ended March 31, 2018. Debtors' Statement of Cash Flows (In thousands) Three Months Ended March 31, 2018 Cash flows from operating activities: Consolidated net loss $ (290,649 ) Reconciling items: Depreciation and amortization 67,116 Deferred taxes (138,949 ) Provision for doubtful accounts 6,829 Amortization of deferred financing charges and note discounts, net 11,043 Non-cash Reorganization items, net 191,903 Share-based compensation 578 Loss on disposal of operating and other assets 1,864 Equity in loss of nonconsolidated affiliates 32 Gain on extinguishment of debt (5,667 ) Barter and trade income (357 ) Other reconciling items, net (80 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable 110,270 Increase in prepaid expenses and other current assets (66,429 ) Decrease in accrued expenses (27,223 ) Increase in accounts payable 4,444 Increase in accrued interest 301,896 Increase in deferred income 13,604 Changes in other operating assets and liabilities (1,116 ) Net cash provided by operating activities 179,109 Cash flows from investing activities: Purchases of property, plant and equipment (10,010 ) Proceeds from disposal of assets 1,028 Purchases of other operating assets (305 ) Change in other, net (29 ) Net cash used for investing activities (9,316 ) Cash flows from financing activities: Draws on credit facilities 25,000 Payments on credit facilities (59,000 ) Payments on long-term debt (50,027 ) Net transfers to related parties (51,996 ) Change in other, net 2 Net cash used for financing activities (136,021 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — Net increase in cash, cash equivalents and restricted cash 33,772 Cash, cash equivalents and restricted cash at beginning of period 102,468 Cash, cash equivalents and restricted cash at end of period $ 136,240

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2017 Annual Report on Form 10-K. Th e consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20% to 50% of the voting common stock or otherwise exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process.
New Accounting Pronouncements Recently Adopted and Not Yet Adopted	New Accounting Pronouncements Recently Adopted As of January 1, 2018, the Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers . This standard provides guidance for the recognition, measurement and disclosure of revenue from contracts with customers and supersedes previous revenue recognition guidance under U.S. GAAP. The Company has applied this standard using the full retrospective method and concluded that its adoption did not have a material impact on the Company’s balance sheets, statements of comprehensive loss, or statements of cash flows for prior periods. Please refer to Note 2, “ Revenue from Contracts with Customers ,” for more information. New Accounting Pronouncements Not Yet Adopted During the first quarter of 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new leasing standard presents significant changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard which was issued in the third quarter of 2015. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the first quarter of 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) . This update eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The standard is effective for annual and any interim impairment tests performed for periods beginning after December 15, 2019. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements.
Accounts Receivable	Accounts Receivable Accounts receivable are recorded when the Company has an unconditional right to payment, either because it has satisfied a performance obligation prior to receiving payment from the customer or has a non-cancelable contract that has been billed in advance in accordance with the Company’s normal billing terms. Accounts receivable are recorded at the invoiced amount, net of reserves for sales returns and allowances and allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, it records a specific reserve to reduce the amounts recorded to what it believes will be collected. For all other customers, it recognizes reserves for bad debt based on historical experience of bad debts as a percent of revenue for each business unit, adjusted for relative improvements or deteriorations in the agings and changes in current economic conditions. The Company believes its concentration of credit risk is limited due to the large number and the geographic diversification of its customers.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in amounts that reflect the consideration it expects to receive in exchange for transferring goods or services to customers, excluding sales taxes and other similar taxes collected on behalf of governmental authorities (the "transaction price”). When this consideration includes a variable amount, the Company estimates the amount of consideration it expects to receive and only recognizes revenue to the extent that it is probable it will not be reversed in a future reporting period. For revenue arrangements that contain multiple distinct goods or services, the Company allocates the transaction price to these performance obligations in proportion to their relative standalone selling prices. The Company recognizes revenue when or as it satisfies a performance obligation by transferring a promised good or service to a customer. Revenues from the Company’s iHM segment are recognized at the point in time when advertisements or programs are broadcast or other contracted services are provided. Revenues from the Company’s Americas and International outdoor advertising segments’ contracts, which typically cover periods of a few weeks to one year , are generally recognized ratably over the term of the contract as the advertisement is displayed and the performance obligation is satisfied. Revenues from the Company’s Other segment’s full-service media representation contracts, which typically have terms of up to ten years in length, consist of contractual commissions realized from the sale of advertising on behalf of clients and are recognized at the point in time when these advertisements are broadcast. Advertising revenue is reported net of agency commissions. The Company receives payments from customers based on billing schedules that are established in its contracts. Revenues from the Company’s iHM and Other segments are generally billed monthly upon satisfaction of the performance obligations. Outdoor advertising contracts are also generally billed monthly. Americas outdoor is generally billed in advance, and International outdoor includes a combination of advance billings and billings upon completion of service. Deferred income is recorded when payment is received from a customer before the Company has satisfied the performance obligation or a non-cancelable contract has been billed in advance in accordance with the Company’s normal billing terms. Trade and barter transactions represent the exchange of advertising spots or display space for merchandise, services or other assets in the ordinary course of business. The transaction price for these contracts is calculated based on the estimated fair value of the non-cash consideration received unless this is not reasonably estimable, in which case the consideration is measured based on the standalone selling price of the advertising spots or display space promised to the customer. Revenue is recognized on trade and barter transactions when the advertisements are broadcasted or displayed, and expenses are recorded ratably over a period that estimates when the merchandise, services or other assets received are utilized, or when the event occurs. Trade and barter revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Barter And Trade Revenues And Expenses Table	Trade and barter revenues and expenses from continuing operations were as follows: Three Months Ended March 31, (In thousands) 2018 2017 Consolidated: Trade and barter revenues $ 57,285 $ 60,105 Trade and barter expenses 66,281 56,067 iHM Segment: Trade and barter revenues $ 53,946 $ 56,096 Trade and barter expenses 61,561 52,287
Schedule of Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the amounts reported in the Consolidated Statements of Cash Flows: (In thousands) March 31, 2018 December 31, 2017 Cash and cash equivalents $ 297,407 $ 267,109 Restricted cash included in: Other current assets 46,507 26,096 Other assets 16,587 18,095 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 360,501 $ 311,300
Debtors Financial Statements	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Debtors' Balance Sheet to the total of the amounts reported in the Debtors' Statement of Cash Flows: (In thousands) March 31, 2018 Cash and cash equivalents $ 120,121 Restricted cash included in: Other current assets 16,119 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 136,240 Debtors' Balance Sheet (In thousands) March 31, (Unaudited) CURRENT ASSETS Cash and cash equivalents $ 120,121 Accounts receivable, net of allowance of $26.8 million 728,528 Prepaid expenses 118,179 Other current assets 83,269 Total Current Assets 1,050,097 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net 473,231 INTANGIBLE ASSETS AND GOODWILL Indefinite-lived intangibles - licenses 2,442,785 Other intangibles, net 230,075 Goodwill 3,335,433 OTHER ASSETS Other assets 47,398 Total Assets $ 7,579,019 CURRENT LIABILITIES Accounts payable $ 15,001 Intercompany payable 193 Accrued expenses 90,026 Accrued interest 1,363 Deferred income 137,592 Total Current Liabilities 244,175 Long-term debt 365,811 Other long-term liabilities 237,313 Liabilities subject to compromise 1 17,520,114 EQUITY (DEFICIT) Equity (10,788,394 ) Total Liabilities and Equity $ 7,579,019 1 In connection with the cash management arrangements with CCOH, the Company maintains an intercompany revolving promissory note payable by the Company to CCOH (the "Intercompany Note"), which matures on May 15, 2019. Liabilities subject to compromise include the principal amount outstanding under the Intercompany Note, which totals $1,031.7 million as of March 31, 2018. Debtors' Statement of Operations (In thousands) Three Months Ended March 31, 2018 Revenue $ 767,007 Operating expenses: Direct operating expenses (excludes depreciation and amortization) 239,461 Selling, general and administrative expenses (excludes depreciation and amortization) 342,951 Corporate expenses (excludes depreciation and amortization) 44,308 Depreciation and amortization 67,116 Other operating expense, net (3,232 ) Operating income 69,939 Interest expense, net 1 342,564 Equity in loss of nonconsolidated affiliates (32 ) Gain on extinguishment of debt 5,667 Dividend income 2 25,483 Other expense, net (20,060 ) Reorganization items, net 192,055 Loss before income taxes (453,622 ) Income tax benefit 162,973 Net loss $ (290,649 ) 1 Includes interest incurred during the three months ended March 31, 2018 in relation to the Intercompany Note. 2 Consists of cash dividends received from Non-Debtor entities during the three months ended March 31, 2018. Debtors' Statement of Cash Flows (In thousands) Three Months Ended March 31, 2018 Cash flows from operating activities: Consolidated net loss $ (290,649 ) Reconciling items: Depreciation and amortization 67,116 Deferred taxes (138,949 ) Provision for doubtful accounts 6,829 Amortization of deferred financing charges and note discounts, net 11,043 Non-cash Reorganization items, net 191,903 Share-based compensation 578 Loss on disposal of operating and other assets 1,864 Equity in loss of nonconsolidated affiliates 32 Gain on extinguishment of debt (5,667 ) Barter and trade income (357 ) Other reconciling items, net (80 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable 110,270 Increase in prepaid expenses and other current assets (66,429 ) Decrease in accrued expenses (27,223 ) Increase in accounts payable 4,444 Increase in accrued interest 301,896 Increase in deferred income 13,604 Changes in other operating assets and liabilities (1,116 ) Net cash provided by operating activities 179,109 Cash flows from investing activities: Purchases of property, plant and equipment (10,010 ) Proceeds from disposal of assets 1,028 Purchases of other operating assets (305 ) Change in other, net (29 ) Net cash used for investing activities (9,316 ) Cash flows from financing activities: Draws on credit facilities 25,000 Payments on credit facilities (59,000 ) Payments on long-term debt (50,027 ) Net transfers to related parties (51,996 ) Change in other, net 2 Net cash used for financing activities (136,021 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — Net increase in cash, cash equivalents and restricted cash 33,772 Cash, cash equivalents and restricted cash at beginning of period 102,468 Cash, cash equivalents and restricted cash at end of period $ 136,240

REVENUE FROM CONTRACTS WITH C22

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue From Segments By Geographic Region	The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region, revenue from leases and total revenue for the three months ended March 31, 2018 and 2017 : (In thousands) iHM Americas Outdoor (1) International Outdoor (1) Other Eliminations Consolidated Three Months Ended March 31, 2018 Revenue from contracts with customers: United States $ 740,445 $ 96,147 $ — $ 28,218 $ (313 ) $ 864,497 Other Americas 78 650 16,792 — — 17,520 Europe 2,594 — 188,381 — — 190,975 Asia-Pacific and other 4,250 — 6,508 — — 10,758 Eliminations (3,680 ) — (71 ) — — (3,751 ) Total $ 743,687 $ 96,797 $ 211,610 $ 28,218 $ (313 ) $ 1,079,999 Revenue from leases 881 159,050 131,254 — (1,223 ) 289,962 Total Revenue $ 744,568 $ 255,847 $ 342,864 $ 28,218 $ (1,536 ) $ 1,369,961 Three Months Ended March 31, 2017 Revenue from contracts with customers: United States $ 753,332 $ 93,662 $ — $ 29,271 $ (570 ) $ 875,695 Other Americas 426 3,531 13,457 — — 17,414 Europe 2,010 — 154,604 — — 156,614 Asia-Pacific and other 3,805 — 5,456 — — 9,261 Eliminations (3,671 ) — (40 ) — — (3,711 ) Total $ 755,902 $ 97,193 $ 173,477 29,271 $ (570 ) $ 1,055,273 Revenue from leases 1,271 163,153 110,903 — (1,278 ) 274,049 Total Revenue $ 757,173 $ 260,346 $ 284,380 $ 29,271 $ (1,848 ) $ 1,329,322 (1) Due to a re-evaluation of the Company’s internal segment reporting during the three months ended March 31, 2018 , its operations in Latin America are being included in the International outdoor advertising segment results for all periods presented. See Note 1, Basis of Presentation .
Contract with Customer, Asset and Liability	The following table presents the activity related to the Company’s contract balances from contracts with customers for the three months ended March 31, 2018 and 2017: Three Months Ended March 31, (In thousands) 2018 2017 Accounts receivable from contracts with customers: Beginning balance, net of allowance $ 1,200,050 $ 1,071,418 Additions (collections), net (151,417 ) (110,376 ) Bad debt, net of recoveries (7,460 ) (5,538 ) Ending balance, net of allowance $ 1,041,173 $ 955,504 Accounts receivable from leases 325,839 289,145 Accounts receivable, total $ 1,367,012 $ 1,244,649 Deferred income from contracts with customers: Beginning balance $ 297,686 $ 313,545 Revenue recognized, included in beginning balance (112,114 ) (124,246 ) Additions, net of revenue recognized during period 138,613 136,651 Ending balance $ 324,185 $ 325,950 Deferred income from leases 68,571 66,758 Deferred income, total $ 392,756 $ 392,708
Schedule of Future Minimum Rental Income for Operating Leases	As of December 31, 2017 , the Company’s future minimum rentals under non-cancelable operating leases were as follows: (in thousands) 2018 $ 278,957 2019 37,024 2020 19,103 2021 13,683 2022 9,628 Thereafter 18,836 Total minimum future rentals $ 377,231

PROPERTY, PLANT AND EQUIPMENT23

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment consisted of the following classes of assets as of March 31, 2018 and December 31, 2017 , respectively: (In thousands) March 31, December 31, Land, buildings and improvements $ 565,397 $ 562,702 Structures 2,890,924 2,864,442 Towers, transmitters and studio equipment 357,149 356,664 Furniture and other equipment 727,825 707,163 Construction in progress 69,958 74,810 4,611,253 4,565,781 Less: accumulated depreciation 2,772,454 2,681,067 Property, plant and equipment, net $ 1,838,799 $ 1,884,714
Schedule of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets	The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of March 31, 2018 and December 31, 2017 , respectively: (In thousands) March 31, 2018 December 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor $ 557,381 $ (453,022 ) $ 548,918 $ (440,284 ) Customer / advertiser relationships 1,226,328 (1,163,781 ) 1,226,314 (1,133,251 ) Talent contracts 161,962 (142,513 ) 161,962 (138,728 ) Representation contracts 77,507 (65,191 ) 77,507 (62,753 ) Permanent easements 162,920 — 162,920 — Other 373,864 (231,799 ) 372,292 (224,841 ) Total $ 2,559,962 $ (2,056,306 ) $ 2,549,913 $ (1,999,857 )
Schedule of Future Amortization Expense	The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2019 $ 46,286 2020 39,433 2021 34,595 2022 29,354 2023 21,643
Schedule of Changes In Carrying Amount Of Goodwill	The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor Advertising International Outdoor Advertising Other Consolidated Balance as of December 31, 2016 $ 3,288,481 $ 505,478 $ 190,785 $ 81,831 $ 4,066,575 Impairment — — (1,591 ) — (1,591 ) Acquisitions 2,442 2,252 — — 4,694 Dispositions (35,715 ) — (1,817 ) — (37,532 ) Foreign currency — — 18,847 — 18,847 Assets held for sale — 89 — — 89 Balance as of December 31, 2017 $ 3,255,208 $ 507,819 $ 206,224 $ 81,831 $ 4,051,082 Dispositions (1,606 ) — — — (1,606 ) Foreign currency — — 4,624 — 4,624 Balance as of March 31, 2018 $ 3,253,602 $ 507,819 $ 210,848 $ 81,831 $ 4,054,100

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding as of March 31, 2018 and December 31, 2017 consisted of the following: (In thousands) March 31, December 31, Senior Secured Credit Facilities $ — $ 6,300,000 Receivables Based Credit Facility Due 2020 (1) 379,047 405,000 9.0% Priority Guarantee Notes Due 2019 — 1,999,815 9.0% Priority Guarantee Notes Due 2021 — 1,750,000 11.25% Priority Guarantee Notes Due 2021 — 870,546 9.0% Priority Guarantee Notes Due 2022 — 1,000,000 10.625% Priority Guarantee Notes Due 2023 — 950,000 Subsidiary Revolving Credit Facility Due 2018 (2) — — Other secured subsidiary debt (3) 4,385 8,522 Total consolidated secured debt 383,432 13,283,883 14.0% Senior Notes Due 2021 — 1,763,925 Legacy Notes (4) — 475,000 10.0% Senior Notes Due 2018 (5) — 47,482 Subsidiary Senior Notes due 2022 2,725,000 2,725,000 Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000 Clear Channel International B.V. Senior Notes due 2020 375,000 375,000 Other subsidiary debt 333 24,615 Purchase accounting adjustments and original issue discount (6) (360 ) (136,653 ) Long-term debt fees (6) (45,915 ) (109,071 ) Long-term debt, net subject to compromise (7) 15,150,191 — Total debt, prior to reclassification to Liabilities subject to compromise 20,787,681 20,649,181 Less: current portion 820 14,972,367 Less: Amounts reclassified to Liabilities subject to compromise 15,150,191 — Total long-term debt $ 5,636,670 $ 5,676,814 (1) On November 30, 2017, iHeartCommunications refinanced its receivables based credit facility and replaced it with a $300.0 million term loan and revolving credit commitments of $250.0 million . The facility has a three -year term, maturing in 2020 and accrues interest at a rate of LIBOR plus 4.75% . On January 18, 2018, iHeartCommunications incurred $25.0 million of additional borrowings under the revolving credit loan portion of this facility bringing its total outstanding borrowings under the facility to $430.0 million . In February 2018, iHeartCommunications prepaid $59.0 million on the revolving credit loan portion of this facility. On the Petition Date, the Company incurred a prepayment premium of $5.5 million upon acceleration of the loans and pre-petition accrued interest and fees totaling $2.4 million , which were added to the principal amount outstanding under the facility, bringing the total outstanding borrowings under the facility to $379.0 million . (2) The Subsidiary Revolving Credit Facility provides for borrowings up to $ 75.0 million (the revolving credit commitment). The facility matures on August 22, 2018, and CCOH is in advanced negotiations with potential lenders to refinance the existing credit facility prior to its maturity. (3) Other secured subsidiary debt matures at various dates from 2018 through 2045. (4) iHeartCommunications' Legacy Notes, all of which were issued prior to the acquisition of iHeartCommunications by the Company in 2008, consist of Senior Notes maturing at various dates in 2018 and 2027, as well as $57.1 million of Senior Notes due 2016 held by a subsidiary of the Company that remain outstanding but are eliminated for purposes of consolidation of the Company’s financial statements. (5) On January 4, 2018, iHeartCommunications repurchased $5.4 million aggregate principal amount of 10.0% Senior Notes due 2018 that were held by unaffiliated third parties for $5.3 million in cash. On January 16, 2018, iHeartCommunications repaid the remaining balance of $42.1 million aggregate principal amount of 10.0% Senior Notes due 2018 at maturity. (6) As a result of the Company's Chapter 11 Cases, the Company expensed $54.7 million of deferred long-term debt fees and $131.1 million of original issue discount to Reorganization items, net, in the Consolidated Statement of Comprehensive Loss for the three months ended March 31, 2018. (7) In connection with the Company's Chapter 11 Cases, the $6.3 billion outstanding under the Senior Secured Credit Facilities, the $1,999.8 million outstanding under the 9.0% Priority Guarantee Notes due 2019, the $1,750.0 million outstanding under the 9.0% Priority Guarantee Notes due 2021, the $870.5 million of 11.25% Priority Guarantee Notes due 2021, the $1,000.0 million outstanding under the 9.0% Priority Guarantee Notes due 2022, the $950.0 million outstanding under the 10.625% Priority Guarantee Notes due 2023, $6.1 million outstanding Other Secured Subsidiary debt, the $1,781.6 million outstanding under the 14.0% Senior Notes due 2021, the $475.0 million outstanding under the Legacy Notes and $17.2 million outstanding Other Subsidiary Debt have been reclassified to Liabilities subject to compromise in the Company's Consolidated Balance Sheet as of March 31, 2018. As of the Petition Date, the Company ceased accruing interest expense in relation to long-term debt reclassified as Liabilities subject to compromise.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The Company’s income tax expense for the three months ended March 31, 2018 and 2017 , respectively, consisted of the following components: (In thousands) Three Months Ended March 31, 2018 2017 Current tax benefit (expense) $ (1,337 ) $ (26,112 ) Deferred tax benefit (expense) 118,703 (4,572 ) Income tax benefit (expense) $ 117,366 $ (30,684 )

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Schedule of Changes in Stockholders' Deficit	The following table shows the changes in stockholders' deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest: (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2018 $ (11,370,219 ) $ 42,764 $ (11,327,455 ) Net loss (415,653 ) (15,897 ) (431,550 ) Dividends declared and other payments to noncontrolling interests — (3,251 ) (3,251 ) Share-based compensation 579 2,105 2,684 Foreign currency translation adjustments 1,570 5,446 7,016 Unrealized holding loss on marketable securities (81 ) (9 ) (90 ) Other, net (4 ) (16 ) (20 ) Balances as of March 31, 2018 $ (11,783,808 ) $ 31,142 $ (11,752,666 ) (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2017 $ (11,021,253 ) $ 135,778 $ (10,885,475 ) Net income (loss) (388,215 ) 635 (387,580 ) Dividends declared and other payments to noncontrolling interests — (28,058 ) (28,058 ) Share-based compensation 700 2,359 3,059 Purchase of additional noncontrolling interests 137 (137 ) — Disposal of noncontrolling interest — (1,046 ) (1,046 ) Foreign currency translation adjustments 11,018 (1,290 ) 9,728 Unrealized holding loss on marketable securities (51 ) (6 ) (57 ) Reclassification adjustments (1,477 ) (167 ) (1,644 ) Other, net (2 ) (221 ) (223 ) Balances as of March 31, 2017 $ (11,399,143 ) $ 107,847 $ (11,291,296 )
Computation of Loss Per Share	COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended 2018 2017 NUMERATOR: Net loss attributable to the Company – common shares $ (415,653 ) $ (388,215 ) DENOMINATOR: Weighted average common shares outstanding - basic 85,215 84,754 Weighted average common shares outstanding - diluted (1) 85,215 84,754 Net loss attributable to the Company per common share: Basic $ (4.88 ) $ (4.58 ) Diluted $ (4.88 ) $ (4.58 ) (1) Outstanding equity awards of 8.2 million and 7.9 million for the three months ended March 31, 2018 and 2017 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following table presents the Company's reportable segment results for the three months ended March 31, 2018 and 2017 : (In thousands) iHM Americas Outdoor International Outdoor Other Corporate and other reconciling items Eliminations Consolidated Three Months Ended March 31, 2018 Revenue $ 744,568 $ 255,847 $ 342,864 $ 28,218 $ — $ (1,536 ) $ 1,369,961 Direct operating expenses 241,066 124,873 235,329 — — — 601,268 Selling, general and administrative expenses 321,270 48,950 78,458 24,822 — (513 ) 472,987 Corporate expenses — — — — 79,757 (1,023 ) 78,734 Depreciation and amortization 58,333 44,504 38,565 3,766 6,266 — 151,434 Other operating expense, net — — — — (3,286 ) — (3,286 ) Operating income (loss) $ 123,899 $ 37,520 $ (9,488 ) $ (370 ) $ (89,309 ) $ — $ 62,252 Intersegment revenues $ 14 $ 1,522 $ — $ — $ — $ — $ 1,536 Capital expenditures $ 9,077 $ 12,907 $ 15,272 $ 40 $ 1,407 $ — $ 38,703 Share-based compensation expense $ — $ — $ — $ — $ 2,684 $ — $ 2,684 Three Months Ended March 31, 2017 Revenue $ 757,173 $ 260,346 $ 284,380 $ 29,271 $ — $ (1,848 ) $ 1,329,322 Direct operating expenses 243,331 130,651 197,280 — — — 571,262 Selling, general and administrative expenses 308,151 50,378 65,396 27,641 — (947 ) 450,619 Corporate expenses — — — — 79,263 (901 ) 78,362 Depreciation and amortization 58,037 42,816 33,152 3,369 8,732 — 146,106 Other operating expense, net — — — — 31,084 — 31,084 Operating income (loss) $ 147,654 $ 36,501 $ (11,448 ) $ (1,739 ) $ (56,911 ) $ — $ 114,057 Intersegment revenues $ — $ 1,848 $ — $ — $ — $ — $ 1,848 Capital expenditures $ 13,237 $ 13,588 $ 22,340 $ 63 $ 1,799 $ — $ 51,027 Share-based compensation expense $ — $ — $ — $ — $ 3,059 $ — $ 3,059 (In thousands) Three Months Ended March 31, 2018 Revenue Direct operating expenses Selling, general and administrative expenses Corporate expenses Depreciation and amortization Impairment charges Other operating income, net Operating income (loss) Intersegment revenues Capital expenditures Share-based compensation expense Three Months Ended March 31, 2017 Revenue Direct operating expenses Selling, general and administrative expenses Corporate expenses Depreciation and amortization Impairment charges Other operating income, net Operating income (loss) Intersegment revenues Capital expenditures Share-based compensation expense

LIABILITIES SUBJECT TO COMPRO28

LIABILITIES SUBJECT TO COMPROMISE (Tables)	3 Months Ended
	Mar. 31, 2018
Reorganizations [Abstract]
Schedule of Liabilities Subject to Compromise	Liabilities subject to compromise at March 31, 2018 consisted of the following: (In thousands) March 31, Accounts payable $ 64,448 Accrued expenses 142,443 Deferred taxes 502,334 Accounts payable, accrued and other liabilities 709,225 Debt subject to compromise 15,150,191 Accrued interest on debt subject to compromise 540,862 Other long-term liabilities 88,113 Long-term debt, accrued interest and other long-term liabilities 15,779,166 Total liabilities subject to compromise $ 16,488,391

REORGANIZATION ITEMS, NET (Tabl

REORGANIZATION ITEMS, NET (Tables)	3 Months Ended
	Mar. 31, 2018
Reorganizations [Abstract]
Schedule of Reorganization items	Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying statements of operations for the three months ended March 31, 2018 and were as follows: (In thousands) Three Months Ended March 31, 2018 Write-off of deferred long-term debt fees on debt subject to compromise $ 54,670 Write-off of original issue discount on debt subject to compromise 131,100 Professional fees 6,285 Reorganization items, net $ 192,055

CONDENSED COMBINED DEBTOR-IN-30

CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Reorganizations [Abstract]
Debtors Financial Statements	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Debtors' Balance Sheet to the total of the amounts reported in the Debtors' Statement of Cash Flows: (In thousands) March 31, 2018 Cash and cash equivalents $ 120,121 Restricted cash included in: Other current assets 16,119 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 136,240 Debtors' Balance Sheet (In thousands) March 31, (Unaudited) CURRENT ASSETS Cash and cash equivalents $ 120,121 Accounts receivable, net of allowance of $26.8 million 728,528 Prepaid expenses 118,179 Other current assets 83,269 Total Current Assets 1,050,097 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net 473,231 INTANGIBLE ASSETS AND GOODWILL Indefinite-lived intangibles - licenses 2,442,785 Other intangibles, net 230,075 Goodwill 3,335,433 OTHER ASSETS Other assets 47,398 Total Assets $ 7,579,019 CURRENT LIABILITIES Accounts payable $ 15,001 Intercompany payable 193 Accrued expenses 90,026 Accrued interest 1,363 Deferred income 137,592 Total Current Liabilities 244,175 Long-term debt 365,811 Other long-term liabilities 237,313 Liabilities subject to compromise 1 17,520,114 EQUITY (DEFICIT) Equity (10,788,394 ) Total Liabilities and Equity $ 7,579,019 1 In connection with the cash management arrangements with CCOH, the Company maintains an intercompany revolving promissory note payable by the Company to CCOH (the "Intercompany Note"), which matures on May 15, 2019. Liabilities subject to compromise include the principal amount outstanding under the Intercompany Note, which totals $1,031.7 million as of March 31, 2018. Debtors' Statement of Operations (In thousands) Three Months Ended March 31, 2018 Revenue $ 767,007 Operating expenses: Direct operating expenses (excludes depreciation and amortization) 239,461 Selling, general and administrative expenses (excludes depreciation and amortization) 342,951 Corporate expenses (excludes depreciation and amortization) 44,308 Depreciation and amortization 67,116 Other operating expense, net (3,232 ) Operating income 69,939 Interest expense, net 1 342,564 Equity in loss of nonconsolidated affiliates (32 ) Gain on extinguishment of debt 5,667 Dividend income 2 25,483 Other expense, net (20,060 ) Reorganization items, net 192,055 Loss before income taxes (453,622 ) Income tax benefit 162,973 Net loss $ (290,649 ) 1 Includes interest incurred during the three months ended March 31, 2018 in relation to the Intercompany Note. 2 Consists of cash dividends received from Non-Debtor entities during the three months ended March 31, 2018. Debtors' Statement of Cash Flows (In thousands) Three Months Ended March 31, 2018 Cash flows from operating activities: Consolidated net loss $ (290,649 ) Reconciling items: Depreciation and amortization 67,116 Deferred taxes (138,949 ) Provision for doubtful accounts 6,829 Amortization of deferred financing charges and note discounts, net 11,043 Non-cash Reorganization items, net 191,903 Share-based compensation 578 Loss on disposal of operating and other assets 1,864 Equity in loss of nonconsolidated affiliates 32 Gain on extinguishment of debt (5,667 ) Barter and trade income (357 ) Other reconciling items, net (80 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable 110,270 Increase in prepaid expenses and other current assets (66,429 ) Decrease in accrued expenses (27,223 ) Increase in accounts payable 4,444 Increase in accrued interest 301,896 Increase in deferred income 13,604 Changes in other operating assets and liabilities (1,116 ) Net cash provided by operating activities 179,109 Cash flows from investing activities: Purchases of property, plant and equipment (10,010 ) Proceeds from disposal of assets 1,028 Purchases of other operating assets (305 ) Change in other, net (29 ) Net cash used for investing activities (9,316 ) Cash flows from financing activities: Draws on credit facilities 25,000 Payments on credit facilities (59,000 ) Payments on long-term debt (50,027 ) Net transfers to related parties (51,996 ) Change in other, net 2 Net cash used for financing activities (136,021 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — Net increase in cash, cash equivalents and restricted cash 33,772 Cash, cash equivalents and restricted cash at beginning of period 102,468 Cash, cash equivalents and restricted cash at end of period $ 136,240

BASIS OF PRESENTATION - Narrati

BASIS OF PRESENTATION - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)claim
Segment Reporting Information [Line Items]
Number of proofs of claims | claim	1,200
Amount of proofs of claims | $	$ 99.1
Other
Segment Reporting Information [Line Items]
Revenue from contract with customer, contract term	10 years
Maximum | Americas and International Outdoor Advertising
Segment Reporting Information [Line Items]
Revenue from contract with customer, contract term	1 year

BASIS OF PRESENTATION - Schedul

BASIS OF PRESENTATION - Schedule of Trade and Barter Revenues and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Trade and barter revenues	$ 57,285	$ 60,105
Trade and barter expenses	66,281	56,067
iHM
Segment Reporting Information [Line Items]
Trade and barter revenues	53,946	56,096
Trade and barter expenses	$ 61,561	$ 52,287

BASIS OF PRESENTATION - Reconci

BASIS OF PRESENTATION - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 297,407	$ 267,109
Restricted cash included in:
Other current assets	46,507	26,096
Other assets	16,587	18,095
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	360,501	311,300	$ 387,515	$ 866,184
Debtors
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	120,121
Restricted cash included in:
Other current assets	16,119
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	$ 136,240	$ 102,468

BASIS OF PRESENTATION - Debtors

BASIS OF PRESENTATION - Debtors' Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 297,407	$ 267,109
Other current assets	46,507	26,096
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	360,501	311,300	$ 387,515	$ 866,184
Debtors
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	120,121
Other current assets	16,119
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	$ 136,240	$ 102,468

REVENUE FROM CONTRACTS WITH C35

REVENUE FROM CONTRACTS WITH CUSTOMERS - Revenue By Segment and Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 1,079,999	$ 1,055,273
Revenue from leases	289,962	274,049
Revenue	1,369,961	1,329,322
United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	864,497	875,695
Other Americas
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	17,520	17,414
Europe
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	190,975	156,614
Asia-Pacific and other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	10,758	9,261
Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(3,751)	(3,711)
Revenue	1,536	1,848
Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(313)	(570)
Revenue from leases	(1,223)	(1,278)
Revenue	(1,536)	(1,848)
Eliminations | United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(313)	(570)
iHM | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	743,687	755,902
Revenue from leases	881	1,271
Revenue	744,568	757,173
iHM | Operating segments | United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	740,445	753,332
iHM | Operating segments | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	78	426
iHM | Operating segments | Europe
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	2,594	2,010
iHM | Operating segments | Asia-Pacific and other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	4,250	3,805
iHM | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(3,680)	(3,671)
Americas Outdoor | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	96,797	97,193
Revenue from leases	159,050	163,153
Revenue	255,847	260,346
Americas Outdoor | Operating segments | United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	96,147	93,662
Americas Outdoor | Operating segments | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	650	3,531
Americas Outdoor | Operating segments | Europe
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Americas Outdoor | Operating segments | Asia-Pacific and other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Americas Outdoor | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
International Outdoor | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	211,610	173,477
Revenue from leases	131,254	110,903
Revenue	342,864	284,380
International Outdoor | Operating segments | United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
International Outdoor | Operating segments | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	16,792	13,457
International Outdoor | Operating segments | Europe
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	188,381	154,604
International Outdoor | Operating segments | Asia-Pacific and other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	6,508	5,456
International Outdoor | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(71)	(40)
Other | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	28,218	29,271
Revenue from leases	0	0
Revenue	28,218	29,271
Other | Operating segments | United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	28,218	29,271
Other | Operating segments | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Other | Operating segments | Europe
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Other | Operating segments | Asia-Pacific and other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Other | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 0	$ 0

REVENUE FROM CONTRACTS WITH C36

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Contract Assets
Beginning balance, net of allowance	$ 1,200,050	$ 1,071,418
Additions (collections), net	(151,417)	(110,376)
Bad debt, net of recoveries	(7,460)	(5,538)
Ending balance, net of allowance	1,041,173	955,504
Accounts receivable from leases	325,839	289,145
Accounts receivable, total	1,367,012	1,244,649	$ 1,508,370
Contract Liabilities
Beginning balance	297,686	313,545
Revenue recognized, included in beginning balance	(112,114)	(124,246)
Additions, net of revenue recognized during period	138,613	136,651
Ending balance	324,185	325,950
Deferred income from leases	68,571	66,758
Deferred income, total	$ 392,756	$ 392,708

REVENUE FROM CONTRACTS WITH C37

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) $ in Millions	Mar. 31, 2018USD ($)
Revenue From Contract With Customer [Abstract]
Revenue, remaining performance obligation	$ 250.4

REVENUE FROM CONTRACTS WITH C38

REVENUE FROM CONTRACTS WITH CUSTOMERS - Revenue From Leases (Details) $ in Thousands	Mar. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2,018	$ 278,957
2,019	37,024
2,020	19,103
2,021	13,683
2,022	9,628
Thereafter	18,836
Total minimum future rentals	$ 377,231

PROPERTY, PLANT AND EQUIPMENT39

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,611,253	$ 4,565,781
Less: accumulated depreciation	2,772,454	2,681,067
Property, plant and equipment, net	1,838,799	1,884,714
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	565,397	562,702
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,890,924	2,864,442
Towers, transmitters and studio equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	357,149	356,664
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	727,825	707,163
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 69,958	$ 74,810

PROPERTY, PLANT AND EQUIPMENT40

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets in International outdoor segment	$ 2,451,288,000		$ 2,451,813,000
Total amortization expense related to definite-lived intangible assets	47,000,000	$ 49,100,000
International Outdoor
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets in International outdoor segment	$ 0

PROPERTY, PLANT AND EQUIPMENT41

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,559,962	$ 2,549,913
Accumulated Amortization	(2,056,306)	(1,999,857)
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	557,381	548,918
Accumulated Amortization	(453,022)	(440,284)
Customer / advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,226,328	1,226,314
Accumulated Amortization	(1,163,781)	(1,133,251)
Talent contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	161,962	161,962
Accumulated Amortization	(142,513)	(138,728)
Representation contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	77,507	77,507
Accumulated Amortization	(65,191)	(62,753)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	162,920	162,920
Accumulated Amortization	0	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	373,864	372,292
Accumulated Amortization	$ (231,799)	$ (224,841)

PROPERTY, PLANT AND EQUIPMENT42

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Future Amortization Expense (Detail) $ in Thousands	Mar. 31, 2018USD ($)
Property, Plant and Equipment [Abstract]
2,019	$ 46,286
2,020	39,433
2,021	34,595
2,022	29,354
2,023	$ 21,643

PROPERTY, PLANT AND EQUIPMENT43

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Changes In Carrying Amount Of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Goodwill
Beginning balance	$ 4,051,082	$ 4,066,575
Impairment		(1,591)
Acquisitions		4,694
Foreign currency	4,624	18,847
Ending balance	4,054,100	4,051,082
iHM
Goodwill
Beginning balance	3,255,208	3,288,481
Impairment		0
Acquisitions		2,442
Foreign currency	0	0
Ending balance	3,253,602	3,255,208
Americas Outdoor Advertising
Goodwill
Beginning balance	507,819	505,478
Impairment		0
Acquisitions		2,252
Foreign currency	0	0
Ending balance	507,819	507,819
International Outdoor Advertising
Goodwill
Beginning balance	206,224	190,785
Impairment		(1,591)
Acquisitions		0
Foreign currency	4,624	18,847
Ending balance	210,848	206,224
Other
Goodwill
Beginning balance	81,831	81,831
Impairment		0
Acquisitions		0
Foreign currency	0	0
Ending balance	81,831	81,831
Dispositions
Goodwill
Dispositions and assets held for sale	(1,606)	(37,532)
Dispositions | iHM
Goodwill
Dispositions and assets held for sale	(1,606)	(35,715)
Dispositions | Americas Outdoor Advertising
Goodwill
Dispositions and assets held for sale	0	0
Dispositions | International Outdoor Advertising
Goodwill
Dispositions and assets held for sale	0	(1,817)
Dispositions | Other
Goodwill
Dispositions and assets held for sale	$ 0	0
Assets held for sale
Goodwill
Dispositions and assets held for sale		(89)
Assets held for sale | iHM
Goodwill
Dispositions and assets held for sale		0
Assets held for sale | Americas Outdoor Advertising
Goodwill
Dispositions and assets held for sale		(89)
Assets held for sale | International Outdoor Advertising
Goodwill
Dispositions and assets held for sale		0
Assets held for sale | Other
Goodwill
Dispositions and assets held for sale		$ 0

LONG-TERM DEBT - Schedule Of Lo

LONG-TERM DEBT - Schedule Of Long-Term Debt Outstanding (Detail) - USD ($)	Jan. 18, 2018	Jan. 04, 2018	Nov. 30, 2017	Feb. 28, 2018	Mar. 31, 2018	Mar. 31, 2017	Mar. 26, 2018	Mar. 14, 2018	Jan. 16, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total consolidated secured debt					$ 383,432,000					$ 13,283,883,000
Long-term debt					20,787,681,000					20,649,181,000
Long-term debt fees					(45,915,000)					(109,071,000)
Long-term debt, net subject to compromise					15,150,191,000					0
Less: current portion					820,000					14,972,367,000
Total long-term debt					5,636,670,000					5,676,814,000
Additional borrowed on receivables based credit facility					25,333,000	$ 0
Borrowings repaid under receivables based credit facility					59,000,000	$ 25,375,000
Write-off of deferred long-term debt fees on debt subject to compromise					54,670,000
Write-off of original issue discount on debt subject to compromise					131,100,000
Subsidiary | Revolving credit commitment
Debt Instrument [Line Items]
Additional borrowed on receivables based credit facility	$ 25,000,000
Outstanding borrowings under facility	$ 430,000,000							$ 379,000,000
Borrowings repaid under receivables based credit facility				$ 59,000,000
Debt prepayment								5,500,000
Pre-petition interest and fees paid								2,400,000
Secured Debt | Subsidiary
Debt Instrument [Line Items]
Senior notes due 2016			$ 300,000,000
Senior Secured Credit Facilities
Debt Instrument [Line Items]
Total consolidated secured debt					0			6,300,000,000		6,300,000,000
Receivables Based Credit Facility Due 2020
Debt Instrument [Line Items]
Total consolidated secured debt					379,047,000					405,000,000
Receivables Based Credit Facility Due 2020 | Subsidiary
Debt Instrument [Line Items]
Line of credit facility, term			3 years
Receivables Based Credit Facility Due 2020 | Subsidiary | Revolving credit commitment
Debt Instrument [Line Items]
Maximum borrowings provided under credit facility			$ 250,000,000
9.0% Priority Guarantee Notes Due 2019
Debt Instrument [Line Items]
Total consolidated secured debt					0			$ 1,999,800,000		$ 1,999,815,000
Stated interest rate								9.00%		9.00%
9.0% Priority Guarantee Notes Due 2021
Debt Instrument [Line Items]
Total consolidated secured debt					0			$ 1,750,000,000		$ 1,750,000,000
Stated interest rate								9.00%		9.00%
11.25% Priority Guarantee Notes Due 2021
Debt Instrument [Line Items]
Total consolidated secured debt					0			$ 870,500,000		$ 870,546,000
Stated interest rate								11.25%		11.25%
9.0% Priority Guarantee Notes Due 2022
Debt Instrument [Line Items]
Total consolidated secured debt					0			$ 1,000,000,000		$ 1,000,000,000
Stated interest rate								9.00%		9.00%
10.625% Priority Guarantee Notes Due 2023
Debt Instrument [Line Items]
Total consolidated secured debt					0			$ 950,000,000		$ 950,000,000
Stated interest rate								10.625%		10.625%
Subsidiary Revolving Credit Facility Due 2018
Debt Instrument [Line Items]
Total consolidated secured debt					0					$ 0
Subsidiary Revolving Credit Facility Due 2018 | Revolving credit commitment
Debt Instrument [Line Items]
Maximum borrowings provided under credit facility					75,000,000
Other secured subsidiary debt
Debt Instrument [Line Items]
Total consolidated secured debt					4,385,000			$ 6,100,000		8,522,000
14.0% Senior Notes Due 2021
Debt Instrument [Line Items]
Long-term debt					0					$ 1,763,925,000
Stated interest rate							14.00%	14.00%		14.00%
Senior notes due 2016								$ 1,781,600,000
Legacy Notes
Debt Instrument [Line Items]
Long-term debt					0					$ 475,000,000
Senior notes due 2016								475,000,000
10.0% Senior Notes Due 2018
Debt Instrument [Line Items]
Long-term debt					0					$ 47,482,000
Stated interest rate										10.00%
10.0% Senior Notes Due 2018 | Subsidiary
Debt Instrument [Line Items]
Repayments of notes		$ 5,300,000
10.0% Senior Notes Due 2018 | Senior Notes | Subsidiary
Debt Instrument [Line Items]
Debt repurchased		$ 5,400,000							$ 42,100,000
Subsidiary Senior Notes due 2022
Debt Instrument [Line Items]
Long-term debt					2,725,000,000					$ 2,725,000,000
Subsidiary Senior Subordinated Notes due 2020
Debt Instrument [Line Items]
Long-term debt					2,200,000,000					2,200,000,000
Clear Channel International B.V. Senior Notes due 2020
Debt Instrument [Line Items]
Long-term debt					375,000,000					375,000,000
Other subsidiary debt
Debt Instrument [Line Items]
Long-term debt					333,000					24,615,000
Senior notes due 2016								$ 17,200,000
Purchase accounting adjustments and original issue discount
Debt Instrument [Line Items]
Long-term debt					(360,000)					$ (136,653,000)
Senior Notes Due 2016 | Legacy Notes | Subsidiary
Debt Instrument [Line Items]
Senior notes due 2016					$ 57,100,000
London Interbank Offered Rate (LIBOR) | Subsidiary
Debt Instrument [Line Items]
Basis spread on LIBOR			4.75%

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Detail) - USD ($) $ in Billions	Mar. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Weighted average interest rate	9.10%	8.90%
Aggregate market value of debt	$ 16.2	$ 15.4

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees - Narrative (Detail) $ in Millions	Mar. 31, 2018USD ($)
Surety bonds
Guarantor Obligations [Line Items]
Guarantees obligations	$ 73.1
Commercial standby letters of credit
Guarantor Obligations [Line Items]
Guarantees obligations	166.9
Bank guarantees
Guarantor Obligations [Line Items]
Guarantees obligations	39.9
Bank guarantees backed by cash collateral
Guarantor Obligations [Line Items]
Guarantees obligations	17.8
Letters of credit backed by cash collateral
Guarantor Obligations [Line Items]
Guarantees obligations	$ 25.4

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 26, 2018	Mar. 21, 2018	Mar. 14, 2018	Dec. 31, 2017
6.875% Senior Notes due 2018
Debt Instrument [Line Items]
Stated interest rate		6.875%
7.25% Senior Notes due 2027
Debt Instrument [Line Items]
Stated interest rate		7.25%
14% Senior Notes Due 2021
Debt Instrument [Line Items]
Stated interest rate	14.00%		14.00%	14.00%

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Current tax benefit (expense)	$ (1,337)	$ (26,112)
Deferred tax benefit (expense)	118,703	(4,572)
Income tax benefit (expense)	$ 117,366	$ (30,684)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Detail)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Effective tax rates	21.40%	(8.60%)

STOCKHOLDERS' DEFICIT - Schedul

STOCKHOLDERS' DEFICIT - Schedule of Changes in Stockholders' Deficit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Increase (Decrease) in Stockholders' Equity
Beginning Balances	$ (11,327,455)	$ (10,885,475)
Net loss	(431,550)	(387,580)
Dividends declared and other payments to noncontrolling interests	(3,251)	(28,058)
Share-based compensation	2,684	3,059
Disposal of noncontrolling interest		(1,046)
Foreign currency translation adjustments	7,016	9,728
Unrealized holding loss on marketable securities	(90)	(57)
Reclassification adjustments	0	(1,644)
Other, net	(20)	(223)
Ending Balances	(11,752,666)	(11,291,296)
The Company
Increase (Decrease) in Stockholders' Equity
Beginning Balances	(11,370,219)	(11,021,253)
Net loss	(415,653)	(388,215)
Share-based compensation	579	700
Purchase of additional noncontrolling interests		137
Foreign currency translation adjustments	1,570	11,018
Unrealized holding loss on marketable securities	(81)	(51)
Reclassification adjustments		(1,477)
Other, net	(4)	(2)
Ending Balances	(11,783,808)	(11,399,143)
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity
Beginning Balances	42,764	135,778
Net loss	(15,897)	635
Dividends declared and other payments to noncontrolling interests	(3,251)	(28,058)
Share-based compensation	2,105	2,359
Purchase of additional noncontrolling interests		(137)
Disposal of noncontrolling interest		(1,046)
Foreign currency translation adjustments	5,446	(1,290)
Unrealized holding loss on marketable securities	(9)	(6)
Reclassification adjustments		(167)
Other, net	(16)	(221)
Ending Balances	$ 31,142	$ 107,847

STOCKHOLDERS' DEFICIT - Computa

STOCKHOLDERS' DEFICIT - Computation of Loss per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
NUMERATOR:
Net loss attributable to the Company – common shares	$ (415,653)	$ (388,215)
DENOMINATOR:
Weighted average common shares outstanding - basic	85,215	84,754
Weighted average common shares outstanding - diluted	85,215	84,754
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (4.88)	$ (4.58)
Diluted (in dollars per share)	$ (4.88)	$ (4.58)
Outstanding equity awards excluded from computation of diluted earnings per share (in shares)	8,200	7,900

OTHER INFORMATION (Detail)

OTHER INFORMATION (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Income and Expenses [Abstract]
Change in deferred income tax liabilities	$ 0	$ 0

SEGMENT DATA (Detail)

SEGMENT DATA (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Revenue	$ 1,369,961	$ 1,329,322
Direct operating expenses	601,268	571,262
Selling, general and administrative expenses	472,987	450,619
Corporate expenses	78,734	78,362
Depreciation and amortization	151,434	146,106
Other operating income, net	(3,286)	31,084
Operating income	62,252	114,057
Capital expenditures	38,703	51,027
Share-based compensation expense	2,684	3,059
Operating segments | iHM
Segment Reporting Information [Line Items]
Revenue	744,568	757,173
Direct operating expenses	241,066	243,331
Selling, general and administrative expenses	321,270	308,151
Corporate expenses	0	0
Depreciation and amortization	58,333	58,037
Other operating income, net	0	0
Operating income	123,899	147,654
Capital expenditures	9,077	13,237
Share-based compensation expense	0	0
Operating segments | Americas Outdoor
Segment Reporting Information [Line Items]
Revenue	255,847	260,346
Direct operating expenses	124,873	130,651
Selling, general and administrative expenses	48,950	50,378
Corporate expenses	0	0
Depreciation and amortization	44,504	42,816
Other operating income, net	0	0
Operating income	37,520	36,501
Capital expenditures	12,907	13,588
Share-based compensation expense	0	0
Operating segments | International Outdoor
Segment Reporting Information [Line Items]
Revenue	342,864	284,380
Direct operating expenses	235,329	197,280
Selling, general and administrative expenses	78,458	65,396
Corporate expenses	0	0
Depreciation and amortization	38,565	33,152
Other operating income, net	0	0
Operating income	(9,488)	(11,448)
Capital expenditures	15,272	22,340
Share-based compensation expense	0	0
Operating segments | Other
Segment Reporting Information [Line Items]
Revenue	28,218	29,271
Direct operating expenses	0	0
Selling, general and administrative expenses	24,822	27,641
Corporate expenses	0	0
Depreciation and amortization	3,766	3,369
Other operating income, net	0	0
Operating income	(370)	(1,739)
Capital expenditures	40	63
Share-based compensation expense	0	0
Corporate and other reconciling items
Segment Reporting Information [Line Items]
Revenue	0	0
Direct operating expenses	0	0
Selling, general and administrative expenses	0	0
Corporate expenses	79,757	79,263
Depreciation and amortization	6,266	8,732
Other operating income, net	(3,286)	31,084
Operating income	(89,309)	(56,911)
Capital expenditures	1,407	1,799
Share-based compensation expense	2,684	3,059
Eliminations
Segment Reporting Information [Line Items]
Revenue	(1,536)	(1,848)
Direct operating expenses	0	0
Selling, general and administrative expenses	(513)	(947)
Corporate expenses	(1,023)	(901)
Depreciation and amortization	0	0
Other operating income, net	0	0
Operating income	0	0
Capital expenditures	0	0
Share-based compensation expense	0	0
Intersegment revenues
Segment Reporting Information [Line Items]
Revenue	1,536	1,848
Intersegment revenues | iHM
Segment Reporting Information [Line Items]
Revenue	14	0
Intersegment revenues | Americas Outdoor
Segment Reporting Information [Line Items]
Revenue	1,522	1,848
Intersegment revenues | International Outdoor
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0

CERTAIN RELATIONSHIPS AND REL54

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Related Party Transactions [Abstract]
Maximum management fees per year	$ 15,000,000
Management fees and reimbursable expenses	$ 3,100,000	$ 3,800,000

LIABILITIES SUBJECT TO COMPRO55

LIABILITIES SUBJECT TO COMPROMISE (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Liabilities Subject to Compromise [Abstract]
Accounts payable	$ 64,448
Accrued expenses	142,443
Deferred taxes	502,334
Accounts payable, accrued and other liabilities	709,225
Debt subject to compromise	15,150,191	$ 0
Accrued interest on debt subject to compromise	540,862
Other long-term liabilities	88,113
Long-term debt, accrued interest and other long-term liabilities	15,779,166
Liabilities subject to compromise	$ 16,488,391	$ 0

REORGANIZATION ITEMS, NET (Deta

REORGANIZATION ITEMS, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reorganization Items [Abstract]
Write-off of deferred long-term debt fees on debt subject to compromise	$ 54,670
Write-off of original issue discount on debt subject to compromise	131,100
Professional fees	6,285
Reorganization items, net	192,055	$ 0
Unpaid professional fees	$ 6,100

CONDENSED COMBINED DEBTOR-IN-57

CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 297,407	$ 267,109
Accounts receivable, net of allowance	1,367,012	1,508,370	$ 1,244,649
Allowance for receivables	51,076	48,450
Prepaid expenses	269,148	209,330
Other current assets	148,638	82,538
Total Current Assets	2,082,205	2,067,347
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net	1,838,799	1,884,714
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	2,451,288	2,451,813
Other intangibles, net	503,656	550,056
Goodwill	4,054,100	4,051,082		$ 4,066,575
OTHER ASSETS
Other assets	285,793	278,267
Total Assets	12,192,993	12,260,431
CURRENT LIABILITIES
Accounts payable	135,947	163,449
Accrued expenses	584,958	764,275
Accrued interest	11,468	268,102
Deferred income	249,092	186,404
Total Current Liabilities	982,285	16,354,597
Long-term debt	5,636,670	5,676,814
Other long-term liabilities	501,526	597,085
Liabilities subject to compromise	16,488,391	0
EQUITY (DEFICIT)
Equity	(11,752,666)	(11,327,455)	$ (11,291,296)	$ (10,885,475)
Total Liabilities and Stockholders' Deficit	12,192,993	$ 12,260,431
Liabilities subject to compromise, principal amount outstanding on intercompany note	1,031,700
Debtors
CURRENT ASSETS
Cash and cash equivalents	120,121
Accounts receivable, net of allowance	728,528
Allowance for receivables	26,800
Prepaid expenses	118,179
Other current assets	83,269
Total Current Assets	1,050,097
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net	473,231
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	2,442,785
Other intangibles, net	230,075
Goodwill	3,335,433
OTHER ASSETS
Other assets	47,398
Total Assets	7,579,019
CURRENT LIABILITIES
Accounts payable	15,001
Intercompany payable	193
Accrued expenses	90,026
Accrued interest	1,363
Deferred income	137,592
Total Current Liabilities	244,175
Long-term debt	365,811
Other long-term liabilities	237,313
Liabilities subject to compromise	17,520,114
EQUITY (DEFICIT)
Equity	(10,788,394)
Total Liabilities and Stockholders' Deficit	$ 7,579,019

CONDENSED COMBINED DEBTOR-IN-58

CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Income Statements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Income Statements, Captions [Line Items]
Revenue	$ 1,369,961	$ 1,329,322
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	601,268	571,262
Selling, general and administrative expenses	472,987	450,619
Corporate expenses (excludes depreciation and amortization)	78,734	78,362
Depreciation and amortization	151,434	146,106
Other operating income (expense), net	(3,286)	31,084
Operating income	62,252	114,057
Interest expense, net	418,397	455,337
Equity in earnings (loss) of nonconsolidated affiliates	157	(242)
Other expense, net	(873)	(15,374)
Income (loss) before income taxes	(548,916)	(356,896)
Income tax benefit (expense)	117,366	(30,684)
Consolidated net income (loss)	(431,550)	$ (387,580)
Debtors
Condensed Income Statements, Captions [Line Items]
Revenue	767,007
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	239,461
Selling, general and administrative expenses	342,951
Corporate expenses (excludes depreciation and amortization)	44,308
Depreciation and amortization	67,116
Other operating income (expense), net	(3,232)
Operating income	69,939
Interest expense, net	342,564
Equity in earnings (loss) of nonconsolidated affiliates	(32)
Gain on extinguishment of debt	5,667
Dividend income	25,483
Other expense, net	(20,060)
Reorganization items, net	192,055
Income (loss) before income taxes	(453,622)
Income tax benefit (expense)	162,973
Consolidated net income (loss)	$ (290,649)

CONDENSED COMBINED DEBTOR-IN-59

CONDENSED COMBINED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net Cash Provided by (Used in) Operating Activities [Abstract]
Consolidated net loss	$ (431,550)	$ (387,580)
Reconciling items:
Depreciation and amortization	151,434	146,106
Deferred taxes	(118,703)	4,572
Provision for doubtful accounts	8,515	5,847
Amortization of deferred financing charges and note discounts, net	13,671	14,098
Non-cash Reorganization items, net	191,903	0
Share-based compensation	2,684	3,059
(Gain) loss on disposal of operating and other assets	1,678	(33,080)
Equity in (earnings) loss of nonconsolidated affiliates	(157)	242
Barter and trade income	(1,417)	(10,094)
Other reconciling items, net	(19,883)	(3,053)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	157,856	119,241
(Increase) decrease in prepaids and other current assets	(54,527)	(91,246)
Decrease in accrued expenses	(115,777)	(94,376)
Increase (decrease) in accounts payable	35,051	(30,670)
Increase (decrease) in accrued interest	310,235	(99,907)
Increase in deferred income	53,091	39,184
Changes in other operating assets and liabilities	(8,628)	(10,869)
Net cash provided by (used for) operating activities	175,476	(428,526)
Cash flows from investing activities:
Purchases of property, plant and equipment	(38,703)	(51,027)
Proceeds from disposal of assets	2,310	53,134
Purchases of other operating assets	(338)	(1,272)
Change in other, net	(506)	(862)
Net cash provided by (used for) investing activities	(37,196)	595
Cash flows from financing activities:
Draws on credit facilities	25,333	0
Payments on credit facilities	(59,000)	(25,375)
Payments on long-term debt	(55,597)	(1,677)
Change in other, net	(15)	(258)
Net cash provided by (used for) financing activities	(92,445)	(54,555)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	3,366	3,817
Net increase in cash, cash equivalents and restricted cash	49,201	(478,669)
Cash, cash equivalents and restricted cash at beginning of period	311,300	866,184
Cash, cash equivalents and restricted cash at end of period	360,501	$ 387,515
Debtors
Net Cash Provided by (Used in) Operating Activities [Abstract]
Consolidated net loss	(290,649)
Reconciling items:
Depreciation and amortization	67,116
Deferred taxes	(138,949)
Provision for doubtful accounts	6,829
Amortization of deferred financing charges and note discounts, net	11,043
Non-cash Reorganization items, net	191,903
Share-based compensation	578
(Gain) loss on disposal of operating and other assets	1,864
Equity in (earnings) loss of nonconsolidated affiliates	32
Gain on extinguishment of debt	(5,667)
Barter and trade income	(357)
Other reconciling items, net	(80)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	110,270
(Increase) decrease in prepaids and other current assets	(66,429)
Decrease in accrued expenses	(27,223)
Increase (decrease) in accounts payable	4,444
Increase (decrease) in accrued interest	301,896
Increase in deferred income	13,604
Changes in other operating assets and liabilities	(1,116)
Net cash provided by (used for) operating activities	179,109
Cash flows from investing activities:
Purchases of property, plant and equipment	(10,010)
Proceeds from disposal of assets	1,028
Purchases of other operating assets	(305)
Change in other, net	(29)
Net cash provided by (used for) investing activities	(9,316)
Cash flows from financing activities:
Draws on credit facilities	25,000
Payments on credit facilities	(59,000)
Payments on long-term debt	(50,027)
Net transfers to related parties	(51,996)
Change in other, net	2
Net cash provided by (used for) financing activities	(136,021)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0
Net increase in cash, cash equivalents and restricted cash	33,772
Cash, cash equivalents and restricted cash at beginning of period	102,468
Cash, cash equivalents and restricted cash at end of period	$ 136,240