iHeartMedia (IHRT) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	May 03, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-38987
Entity Registrant Name	IHEARTMEDIA, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0241222
Entity Address, Address Line One	20880 Stone Oak Parkway
Entity Address, City or Town	San Antonio,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78258
City Area Code	210
Local Phone Number	822-2828
Title of 12(b) Security	Class A Common Stock
Trading Symbol	IHRT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Central Index Key	0001400891
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		111,841,698
Class B Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		29,065,297

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 529,134	$ 720,662
Accounts receivable, net of allowance of $33,228 in 2021 and $38,777 in 2020	704,096	801,380
Prepaid expenses	99,074	79,508
Other current assets	33,777	17,426
Total Current Assets	1,366,081	1,618,976
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net	825,208	811,702
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	1,771,882	1,770,345
Other intangibles, net	1,881,023	1,924,492
Goodwill	2,313,223	2,145,935
OTHER ASSETS
Operating lease right-of-use assets	781,459	825,887
Other assets	112,122	105,624
Total Assets	9,050,998	9,202,961
CURRENT LIABILITIES
Accounts payable	157,032	149,333
Current operating lease liabilities	85,242	76,503
Accrued expenses	249,224	265,651
Accrued interest	69,843	68,054
Deferred revenue	143,491	123,488
Current portion of long-term debt	28,628	34,775
Total Current Liabilities	733,460	717,804
Long-term debt	5,976,358	5,982,155
Series A Mandatorily Redeemable Preferred Stock, par value $0.001, authorized 60,000 shares, 60,000 shares issued in 2021 and 2020	60,000	60,000
Noncurrent operating lease liabilities	748,842	764,491
Deferred income taxes	647,097	556,477
Other long-term liabilities	71,290	71,217
Commitments and contingent liabilities (Note 6)
STOCKHOLDERS’ EQUITY
Noncontrolling interest	7,830	8,350
Preferred stock	0	0
Additional paid-in capital	2,854,647	2,849,020
Accumulated deficit	(2,045,343)	(1,803,620)
Accumulated other comprehensive income (loss)	(22)	194
Cost of shares (261,181 in 2021 and 254,066 in 2020) held in treasury	(3,302)	(3,199)
Total Stockholders' Equity	813,951	1,050,817
Total Liabilities and Stockholders' Equity	9,050,998	9,202,961
Class A Common Stock
STOCKHOLDERS’ EQUITY
Common stock	112	65
Class B Common Stock
STOCKHOLDERS’ EQUITY
Common stock	29	7
Special Warrants
STOCKHOLDERS’ EQUITY
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for receivables	$ 33,228	$ 38,777
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	2,100,000,000
Common stock, shares issued (in shares)	146,483,042
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	60,000	60,000
Preferred stock, shares issued (in shares)	60,000	60,000
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 (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	112,033,028	64,726,864
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 (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	29,070,192	6,886,925
Special Warrants
Class of Stock [Line Items]
Common stock, shares issued (in shares)	5,379,822	74,835,899
Common stock, shares outstanding (in shares)	5,379,822	74,835,899
Treasury stock
Class of Stock [Line Items]
Treasury stock, shares	261,181	254,066

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 706,665	$ 780,634
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	292,813	293,921
Selling, general and administrative expenses (excludes depreciation and amortization)	342,330	391,801
Depreciation and amortization	107,363	96,768
Impairment charges	37,744	1,727,857
Other operating expense, net	2,771	1,066
Operating loss	(76,356)	(1,730,779)
Interest expense, net	85,121	90,089
Gain (Loss) on investments, net	191	(9,955)
Equity in loss of nonconsolidated affiliates	(28)	(564)
Other expense, net	(807)	(7,860)
Income (loss) before income taxes	(162,121)	(1,839,247)
Income tax benefit (expense)	(79,935)	150,511
Net loss	(242,056)	(1,688,736)
Less amount attributable to noncontrolling interest	(333)	0
Net income (loss) attributable to the Company	(241,723)	(1,688,736)
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(216)	(104)
Other comprehensive loss, net of tax	(216)	(104)
Comprehensive income (loss)	(241,939)	(1,688,840)
Less amount attributable to noncontrolling interest	0	0
Comprehensive income (loss) attributable to the Company	$ (241,939)	$ (1,688,840)
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (1.65)	$ (11.60)
Weighted average common shares outstanding - Basic (in shares)	146,214	145,614
Diluted (in dollars per share)	$ (1.65)	$ (11.60)
Weighted average common shares outstanding - Diluted (in shares)	146,214	145,614

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Common Shares	Common SharesClass A Shares	Common SharesClass B Shares	Common SharesSpecial Warrants		Non- controlling Interest	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2019				57,776,204	6,904,910	81,046,593	[1]
Beginning balance at Dec. 31, 2019		$ 2,945,441	$ 65					$ 9,123	$ 2,826,533	$ 112,548	$ (750)	$ (2,078)
Increase (Decrease) in Stockholders' Equity
Net income (loss)		(1,688,736)								(1,688,736)
Vesting of restricted stock (in shares)	[1]			21,686
Vesting of restricted stock and other		(87)										(87)
Share-based compensation		4,257							4,257
Conversion of Special Warrants to Class A and Class B Shares (in shares)	[2]			2,126,591	616	(2,127,207)
Conversion of Special Warrants to Class A and Class B Shares		0	2						(2)
Conversion of Class B Shares to Class A Shares (in shares)	[2]			5,915	(5,915)
Other		(1,469)								(1,469)
Other comprehensive income (loss)		(104)									(104)
Ending balance (in shares) at Mar. 31, 2020				59,930,396	6,899,611	78,919,386	[1]
Ending balance at Mar. 31, 2020		1,259,302	67					9,123	2,830,788	(1,577,657)	(854)	(2,165)
Beginning balance (in shares) at Dec. 31, 2020				64,726,864	6,886,925	74,835,899
Beginning balance at Dec. 31, 2020		1,050,817	72					8,350	2,849,020	(1,803,620)	194	(3,199)
Increase (Decrease) in Stockholders' Equity
Net income (loss)		(242,056)						(333)		(241,723)
Vesting of restricted stock (in shares)				30,372
Vesting of restricted stock and other		(92)							11			(103)
Share-based compensation		5,685							5,685
Dividend declared and paid to noncontrolling interests		(187)						(187)
Conversion of Special Warrants to Class A and Class B Shares (in shares)	[2]			47,121,747	22,337,312	(69,459,059)
Conversion of Special Warrants to Class A and Class B Shares		0
Conversion of Class B Shares to Class A Shares (in shares)	[2]			154,045	(154,045)
Conversion of Class B Shares to Class A Shares		0	69						(69)
Other (in shares)						2,982
Other		0
Other comprehensive income (loss)		(216)									(216)
Ending balance (in shares) at Mar. 31, 2021				112,033,028	29,070,192	5,379,822
Ending balance at Mar. 31, 2021		$ 813,951	$ 141					$ 7,830	$ 2,854,647	$ (2,045,343)	$ (22)	$ (3,302)
[1]	The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2020.
[2]	The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2021.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (242,056)	$ (1,688,736)
Reconciling items:
Impairment charges	37,744	1,727,857
Depreciation and amortization	107,363	96,768
Deferred taxes	78,346	(152,216)
Provision for doubtful accounts	5,846	9,428
Amortization of deferred financing charges and note discounts, net	1,519	514
Share-based compensation	5,685	4,257
Loss on disposal of operating and other assets	952	392
(Gain) Loss on investments	(191)	9,955
Equity in loss of nonconsolidated affiliates	28	564
Barter and trade income	(2,244)	(4,983)
Other reconciling items, net	260	766
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	113,170	143,419
Increase in prepaid expenses and other current assets	(35,647)	(15,561)
Increase in other long-term assets	(3,317)	(1,059)
Decrease in accounts payable and accrued expenses	(16,944)	(42,734)
Increase (decrease) in accrued interest	1,789	(9,971)
Increase in deferred income	18,881	12,439
Increase in other long-term liabilities	544	441
Cash provided by operating activities	71,728	91,540
Cash flows from investing activities:
Business combinations	(230,816)	0
Purchases of property, plant and equipment	(18,950)	(21,664)
Change in other, net	442	(10,136)
Cash used for investing activities	(249,324)	(31,800)
Cash flows from financing activities:
Proceeds from long-term debt and credit facilities	0	350,000
Payments on long-term debt and credit facilities	(13,547)	(162,439)
Change in other, net	(264)	(278)
Cash provided by (used for) financing activities	(13,811)	187,283
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(122)	(524)
Net increase in cash, cash equivalents and restricted cash	(191,529)	246,499
Cash, cash equivalents and restricted cash at beginning of period	721,187	411,618
Cash, cash equivalents and restricted cash at end of period	529,658	658,117
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	82,833	101,363
Cash paid for income taxes	$ 0	$ 735

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2021
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 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. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. As of January 1, 2021, the Company began reporting based on three reportable segments: ▪ the iHeartMedia Multiplatform Group, which includes the Company's Broadcast radio, Networks and Sponsorships and Events businesses; ▪ the iHeartMedia Digital Audio Group, which includes all of the Company's Digital businesses, including Podcasting; and ▪ the Audio & Media Services Group, which includes Katz Media Group (“Katz Media”), a full-service media representation business, and RCS Sound Software ("RCS"), a provider of scheduling and broadcast software and services. These reporting segments reflect how senior management operates the Company, align with certain leadership and organizational changes implemented in the first quarter 2021 and provide improved visibility into the underlying performances, results, and margin profiles of our distinct businesses. Additionally, as of January 1, 2021, Segment Adjusted EBITDA is the segment profitability metric reported to the Company's Chief Operating Decision Maker for purposes of making decisions about allocation of resources to, and assessing performance of, each reportable segment. Segment Adjusted EBITDA is calculated as Revenue less operating expenses, excluding restructuring expenses and share-based compensation expenses. Restructuring expenses primarily include severance expenses incurred in connection with cost saving initiatives, as well as certain expenses, which, in the view of management, are outside the ordinary course of business or otherwise not representative of the Company's operations during a normal business cycle The corresponding current and prior period segment disclosures have been recast to reflect the current segment presentation. See Note 9, Segment Data . The 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 interest or is the primary beneficiary. Investments in companies which the Company does not control, but 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. COVID-19 Our business has been adversely impacted by the novel coronavirus pandemic (“COVID-19”), its impact on the operating and economic environment and related, near-term advertiser spending decisions. The Company's revenue in the latter half of the month ended March 31, 2020, through the remainder of 2020 and in the three months ended March 31, 2021 was significantly and negatively impacted as a result of a decline in advertising spend driven by COVID-19, and the Company's management took proactive actions during 2020, which are continuing into 2021, to expand the Company’s financial flexibility by reducing expenses and preserving cash as a result of such impact. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES Act”) was signed into law. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The provisions of the CARES Act resulted in an increase to allowable interest deductions of $179.4 million during 2020. In addition, the Company was able to defer the payment of $29.3 million in certain employment taxes during 2020, half of which will be due on December 31, 2021 and the other half will be due on December 31, 2022. As of March 31, 2021, the Company has claimed $12.4 million in refundable payroll tax credits related to the CARES Act provisions. As of March 31, 2021, the Company had approximately $529.1 million in cash and cash equivalents. While the Company expects COVID-19 to continue to negatively impact the results of operations, cash flows and financial position of the Company for some time into the future, the related financial impact cannot be reasonably estimated at this time. Based on current available liquidity, the Company expects to be able to meet its obligations as they become due over the coming year. Reclassifications and New Segment Presentation Certain prior period amounts have been reclassified to conform to the 2021 presentation. In connection with the organization and leadership changes resulting in the realignment of its reportable segments as discussed above, the Company also determined that all selling, general and administrative expenses incurred by its reportable segments and by its corporate functions would be reported together as Selling, general and administrative expenses. Amounts presented in prior years as Corporate expenses have been reclassified as Selling, general and administrative expenses to conform to the current presentation. Restricted Cash 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, December 31, Cash and cash equivalents $ 529,134 $ 720,662 Restricted cash included in: Other assets 524 525 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 529,658 $ 721,187 Certain Relationships and Related Party Transactions From time to time, certain companies in which the Company holds minority equity interests, purchase advertising in the ordinary course. None of these ordinary course transactions have a material impact on the Company. New Accounting Pronouncements Recently Adopted In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of the Interbank Offered Rate Transition on Financial Reporting to provide optional relief from applying generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform. In addition, in January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) – Scope, to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The guidance is effective upon issuance and generally can be applied through December 31, 2022. We are currently evaluating the future impact of adoption of this standard.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Disaggregation of Revenue The following tables show revenue streams for the three months ended March 31, 2021 and 2020: (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Eliminations Consolidated Three Months Ended March 31, 2021 Revenue from contracts with customers: Broadcast Radio (1) $ 358,536 $ — $ — $ — $ 358,536 Networks (2) 115,086 — — — 115,086 Sponsorship and Events (3) 22,393 — — — 22,393 Digital, excluding Podcast (4) — 119,201 — (1,894) 117,307 Podcast (5) — 38,352 — — 38,352 Audio & Media Services (6) — — 55,137 (1,861) 53,276 Other (7) 1,399 — — (167) 1,232 Total 497,414 157,553 55,137 (3,922) 706,182 Revenue from leases (8) 483 — — — 483 Revenue, total $ 497,897 $ 157,553 $ 55,137 $ (3,922) $ 706,665 Three Months Ended March 31, 2020 Revenue from contracts with customers: Broadcast Radio (1) $ 461,660 $ — $ — $ — $ 461,660 Networks (2) 134,577 — — — 134,577 Sponsorship and Events (3) 29,348 — — — 29,348 Digital, excluding Podcast (4) — 76,921 — — 76,921 Podcast (5) — 15,855 — — 15,855 Audio & Media Services (6) — — 60,227 (1,811) 58,416 Other (7) 3,560 — — (167) 3,393 Total 629,145 92,776 60,227 (1,978) 780,170 Revenue from leases (8) 464 — — — 464 Revenue, total $ 629,609 $ 92,776 $ 60,227 $ (1,978) $ 780,634 (1) Broadcast Radio revenue is generated through the sale of advertising time on the Company’s domestic radio stations. (2) Networks revenue is generated through the sale of advertising on the Company’s Premiere and Total Traffic & Weather network programs and through the syndication of network programming to other media companies. (3) Sponsorship and events revenue is generated through local events and major nationally-recognized tent pole events and include sponsorship and other advertising revenue, ticket sales, and licensing, as well as endorsement and appearance fees generated by on-air talent. (4) Digital, excluding Podcast revenue is generated through the sale of streaming and display advertisements on digital platforms and through subscriptions to iHeartRadio streaming services. (5) Podcast revenue is generated through the sale of advertising on the Company's podcast network. (6) Audio & Media Services revenue is generated by services provided to broadcast industry participants through the Company’s Katz Media and RCS businesses. As a media representation firm, Katz Media generates revenue via commissions on media sold on behalf of the radio and television stations that it represents, while RCS generates revenue by providing broadcast and webcast software and technology and services to radio stations, television music channels, cable companies, satellite music networks and Internet stations worldwide. (7) Other revenue represents fees earned for miscellaneous services, including on-site promotions, activations, and local marketing agreements. (8) Revenue from leases is primarily generated by the lease of towers to other media companies, which are all categorized as operating leases. Trade and Barter Trade and barter transactions represent the exchange of advertising spots for merchandise, services, advertising and promotion or other assets in the ordinary course of business. The transaction price for these contracts is measured at 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 promised to the customer. Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows: Three Months Ended March 31, (In thousands) 2021 2020 Trade and barter revenues $ 31,946 $ 52,678 Trade and barter expenses 27,998 54,998 The Company recognized barter revenue of $2.2 million and $5.0 million during the three months ended March 31, 2021 and 2020, respectively, in connection with investments made in companies in exchange for advertising services. The following tables show the Company’s deferred revenue balance from contracts with customers: Three Months Ended March 31, (In thousands) 2021 2020 Deferred revenue from contracts with customers: Beginning balance (1) $ 145,493 $ 162,068 Revenue recognized, included in beginning balance (39,531) (80,055) Additions, net of revenue recognized during period, and other 59,379 93,308 Ending balance $ 165,341 $ 175,321 (1) Deferred revenue from contracts with customers, which excludes other sources of deferred revenue that are not related to contracts with customers, is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized. The Company’s contracts with customers generally have terms of one year or less; however, as of March 31, 2021, the Company expects to recognize $260.0 million of revenue in future periods for remaining performance obligations from current contracts with customers that have an original expected duration 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 business have been excluded from this amount as they are contingent upon future sales. Revenue from Leases As of March 31, 2021, the future lease payments to be received by the Company are as follows: (In thousands) 2021 $ 1,301 2022 1,194 2023 1,141 2024 965 2025 784 Thereafter 11,175 Total $ 16,560

LEASES

LEASES	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
LEASES	LEASES The Company enters into operating lease contracts for land, buildings, structures and other equipment. Arrangements are evaluated at inception to determine whether such arrangements contain a lease. Operating leases primarily include land and building lease contracts and leases of radio towers. Arrangements to lease building space consist primarily of the rental of office space, but may also include leases of other equipment, including automobiles and copiers. Operating leases are reflected on the Company's balance sheet within Operating lease right-of-use assets ("ROU assets") and the related short-term and long-term liabilities are included within Current and Noncurrent operating lease liabilities, respectively. The Company's finance leases are included within Property, plant and equipment with the related liabilities included within Long-term debt. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the respective lease term. Lease expense is recognized on a straight-line basis over the lease term. The Company tests for impairment of assets whenever events and circumstances indicate that such assets might be impaired. During the three months ended March 31, 2021, the Company recognized non-cash impairment charges of $37.7 million, including $28.8 million related to ROU assets, and $8.9 million related to leasehold improvements as a result of proactive decisions by management to abandon and sublease a number of operating leases in connection with strategic actions to streamline the Company’s real estate footprint as part of the Company’s modernization initiatives. The implicit rate within the Company's lease agreements is generally not determinable. As such, the Company uses the incremental borrowing rate ("IBR") to determine the present value of lease payments at the commencement of the lease. The IBR, as defined in ASC 842, is "the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment." The following table provides supplemental cash flow information related to leases for the periods presented: Three Months Ended March 31, (In thousands) 2021 2020 Cash paid for amounts included in measurement of operating lease liabilities $ 29,951 30,613 Lease liabilities arising from obtaining right-of-use assets (1) $ 8,276 $ 7,620 (1) Lease liabilities from obtaining right-of-use assets include new leases entered into during the three months ended March 31, 2021 and 2020, respectively.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Acquisitions On March 31, 2021, the Company acquired Triton Digital, a global leader in digital audio and podcast technology and measurement services, from The E.W. Scripps Company for $228.4 million in cash. The assets acquired as part of this transaction consisted of $69.7 million in current and fixed assets, consisting primarily of accounts receivable and technology, and $190.7 million in intangible assets, consisting primarily of customer relationships, along with $167.4 million in goodwill (of which $6.9 million is tax-deductible). The Company also assumed liabilities of $32.0 million, consisting primarily of accounts payable and deferred tax liabilities. The assessment of fair value of assets acquired and liabilities assumed is preliminary and is based on information that was available to management at the time these consolidated financial statements were prepared. The finalization of the Company’s acquisition accounting assessment could result in changes in the valuation of assets acquired and liabilities assumed, which could be material. Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets as of March 31, 2021 and December 31, 2020, respectively: (In thousands) March 31, December 31, Land, buildings and improvements $ 378,226 $ 386,980 Towers, transmitters and studio equipment 170,689 169,788 Computer equipment and software 457,279 398,084 Furniture and other equipment 45,644 45,711 Construction in progress 24,249 25,073 1,076,087 1,025,636 Less: accumulated depreciation 250,879 213,934 Property, plant and equipment, net $ 825,208 $ 811,702 Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist of FCC broadcast licenses in its Multiplatform Group segment. The Company performs its annual impairment test on goodwill and indefinite-lived intangible assets, including FCC licenses, as of July 1 of each year. In addition, the Company tests for impairment of intangible assets whenever events and circumstances indicate that such assets might be impaired. As a result of the COVID-19 pandemic and the economic downturn starting in March 2020, the Company performed an interim impairment test as of March 31, 2020 on its indefinite-lived FCC licenses, resulting in a non-cash impairment charge of $502.7 million on its FCC licenses. Other Intangible Assets Other intangible assets consists of definite-lived intangible assets, which primarily include customer and advertiser relationships, talent and representation contracts, trademarks and tradenames 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 that the assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at amortized cost. The Company tests for possible impairment of other intangible assets whenever events and circumstances indicate that they might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. When specific assets are determined to be unrecoverable, the cost basis of the asset is reduced to reflect the current fair market value. The Company performed interim impairment tests as of March 31, 2020 on its other intangible assets as a result of the COVID-19 pandemic and economic slowdown. Based on the Company’s test of recoverability using estimated undiscounted future cash flows, the carrying values of the Company’s definite-lived intangible assets were determined to be recoverable, and no impairment was recognized. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of March 31, 2021 and December 31, 2020, respectively: (In thousands) March 31, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer / advertiser relationships 1,656,502 (328,818) 1,620,509 (286,066) Talent and other contracts 377,100 (98,796) 375,900 (84,065) Trademarks and tradenames 335,861 (62,645) 326,061 (54,358) Other 7,651 (5,832) 31,351 (4,840) Total $ 2,377,114 $ (496,091) $ 2,353,821 $ (429,329) Total amortization expense related to definite-lived intangible assets for the Company for the three months ended March 31, 2021 and the three months ended March 31, 2020 was $66.3 million and $64.3 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) 2022 $ 258,413 2023 249,317 2024 247,860 2025 216,485 2026 204,474 Goodwill The following table presents the changes in the carrying amount of goodwill: (In thousands) Audio Audio & Media Services Consolidated Balance as of December 31, 2019 $ 3,221,468 $ 104,154 $ 3,325,622 Impairment (1,224,374) — (1,224,374) Acquisitions 44,606 — 44,606 Dispositions (164) — (164) Foreign currency — 245 245 Balance as of December 31, 2020 $ 2,041,536 $ 104,399 $ 2,145,935 (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Consolidated Balance as of January 1, 2021 $ 1,462,217 $ 579,319 $ 104,399 $ 2,145,935 Acquisitions — 167,406 — 167,406 Foreign currency — — (118) (118) Balance as of March 31, 2021 $ 1,462,217 $ 746,725 $ 104,281 $ 2,313,223 As a result of the leadership and organizational changes implemented in the first quarter 2021, as described in Note 1, Basis of Presentation , the Company re-evaluated its reporting units and allocated goodwill to these new reporting units. Refer to Note 9, Segment Data, for additional information on our segments. Goodwill was allocated to these new reporting units based on the relative fair values of these reporting units. Fair value was calculated using the expected present value of future cash flows, and included estimates, judgments and assumptions consistent with those of a market participant that management believes were appropriate in the circumstances. The estimates and judgments that most significantly affect the fair value calculations are assumptions related to long-term growth rates, expected profit margins and discount rates. The Company did not recast prior-period goodwill balances to the new reporting units as it was impractical to do so. Goodwill Impairment The Company performs its annual impairment test on goodwill as of July 1 of each year. The Company also tests goodwill at interim dates if events or changes in circumstances indicate that goodwill might be impaired. As a result of the changes in the Company's management structure and its reportable segments effective at the beginning of 2021, the Company performed an interim impairment test on goodwill as of January 1, 2021. No impairment charges were recorded in the first quarter of 2021 in connection with the interim impairment test. The Company performed an interim impairment test on goodwill in the first quarter of 2020 and recognized a non-cash impairment charge of $1.2 billion to reduce goodwill as a result of the COVID-19 pandemic and its adverse effect on the U.S. economy.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBTLong-term debt outstanding for the Company as of March 31, 2021 and December 31, 2020 consisted of the following: (In thousands) March 31, 2021 December 31, 2020 Term Loan Facility due 2026 $ 2,075,005 $ 2,080,259 Incremental Term Loan Facility due 2026 446,625 447,750 Asset-based Revolving Credit Facility due 2023 (1) — — 6.375% Senior Secured Notes due 2026 800,000 800,000 5.25% Senior Secured Notes due 2027 750,000 750,000 4.75% Senior Secured Notes due 2028 500,000 500,000 Other secured subsidiary debt (2) 22,169 22,753 Total consolidated secured debt 4,593,799 4,600,762 8.375% Senior Unsecured Notes due 2027 1,450,000 1,450,000 Other unsecured subsidiary debt 270 6,782 Original issue discount (18,020) (18,817) Long-term debt fees (21,063) (21,797) Total debt 6,004,986 6,016,930 Less: Current portion 28,628 34,775 Total long-term debt $ 5,976,358 $ 5,982,155 (1) As of March 31, 2021, the senior secured asset-based revolving credit facility (the “ABL Facility”) had a borrowing base of $348.5 million, no outstanding borrowings and $32.1 million of outstanding letters of credit, resulting in $316.4 million of borrowing base availability. As a result of certain restrictions in the Company's debt and preferred stock agreements, as of March 31, 2021, approximately $178 million was available to be drawn upon under the ABL Facility. (2) Other secured subsidiary debt consists of finance lease obligations maturing at various dates from 2022 through 2045. The Company’s weighted average interest rate was 5.4% and 5.5% as of March 31, 2021 and December 31, 2020, respectively. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $6.2 billion as of March 31, 2021 and December 31, 2020. 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. Under the terms of the Term Loan Facility Credit Agreement, iHeartCommunications, Inc. ("iHeartCommunications") made quarterly payments of $6.4 million and $5.25 million during the three months ended March 31, 2021 and 2020, respectively. Mandatorily Redeemable Preferred Stock As previously disclosed, on March 14, 2018, the Company, iHeartCommunications and certain of the Company's direct and indirect domestic subsidiaries (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court"). On April 28, 2018, the Company and the other Debtors filed a plan of reorganization (as amended, the “Plan of Reorganization”) and a related disclosure statement with the Bankruptcy Court. On January 22, 2019, the Plan of Reorganization was confirmed by the Bankruptcy Court. On May 1, 2019 (the “Effective Date”), in accordance with the Plan of Reorganization, iHeart Operations issued 60,000 shares of its Series A Perpetual Preferred Stock, par value $0.001 per share (the "iHeart Operations Preferred Stock"), having an aggregate initial liquidation preference of $60.0 million for a cash purchase price of $60.0 million. The iHeart Operations Preferred Stock was purchased by a third party investor. As of March 31, 2021, the liquidation preference of the iHeart Operations Preferred Stock was $60.0 million. As further described below, the iHeart Operations Preferred Stock is mandatorily redeemable for cash at a date certain and therefore is classified as a liability in the Company's balance sheet. Holders of the iHeart Operations Preferred Stock are entitled to receive, as declared by the board of directors of iHeart Operations, in respect of each share, cumulative dividends accruing daily and payable quarterly. Dividends, if declared, will be payable on March 31, June 30, September 30 and December 31 of each year (or on the next business day if such date is not a business day). During the three months ended March 31, 2021 and 2020 the Company recognized $2.4 million and $1.8 million, respectively, of interest expense related to dividends on mandatorily redeemable preferred stock. Other than as set forth below, iHeart Operations may not redeem the iHeart Operations Preferred Stock at its option prior to the third anniversary of the issue date of the iHeart Operations Preferred Stock. Upon consummation of certain equity offerings, iHeart Operations may, at its option, redeem all or a part of the iHeart Operations Preferred Stock for the liquidation preference plus a make-whole premium. At any time on or after the third anniversary of the issue date, May, 1, 2022, the iHeart Operations Preferred Stock may be redeemed at the option of iHeart Operations, in whole or in part, for cash at a redemption price equal to the liquidation preference per share. The shares of iHeart Operations Preferred Stock include repurchase rights, pursuant to which the holders may require iHeartMedia or iHeartCommunications to purchase the iHeart Operations Preferred Stock after the fifth anniversary of the issue date. On the tenth anniversary of the issue date, the shares of iHeart Operations Preferred Stock will be subject to mandatory redemption for an amount equal to the liquidation preference. Surety Bonds, Letters of Credit and Guarantees As of March 31, 2021, the Company and its subsidiaries had outstanding surety bonds and commercial standby letters of credit of $8.3 million and $32.5 million, respectively. These surety bonds and letters of credit relate to various operational matters including insurance, lease and performance bonds as well as other items.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES 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/contract disputes; defamation matters; employment and benefits related claims; intellectual property claims; real estate maters; governmental investigations; and tax disputes. Alien Ownership Restrictions and FCC Petitions for Declaratory Ruling The Communications Act and FCC regulation prohibit foreign entities and individuals from having direct or indirect ownership or voting rights of more than 25 percent in a corporation controlling the licensee of a radio broadcast station unless the FCC finds greater foreign ownership to be in the public interest. Under the Plan of Reorganization, the Company committed to file a petition for declaratory relief (the “PDR”) requesting the FCC to permit the Company to be up to 100% foreign-owned. On November 5, 2020, the FCC issued a declaratory ruling granting the relief requested by the PDR (the “Declaratory Ruling”), subject to certain conditions, as described further in Note 8, Stockholder's Equity below. On November 9, 2020, the Company notified the holders of Special Warrants of the commencement of an exchange process (the “Exchange Notice”). On January 8, 2021, the Company exchanged a portion of the outstanding Special Warrants into Class A common stock or Class B common stock, in compliance with the Declaratory Ruling, the Communications Act and FCC rules (the “Exchange”). Following the Exchange, the Company’s remaining Special Warrants continue to be exercisable for shares of Class A common stock or Class B common stock. See “Item 1. Business – Regulation of Our Business, Alien Ownership Restrictions” and “Item 1A. Risk Factors - Regulatory, Legislative and Litigation Risks, Regulations imposed by the Communications Act and the FCC limit the amount of foreign individuals or entities that may invest in our capital stock without FCC approval” of our Annual Report on Form 10-K for the year ended December 31, 2020 for additional information. On March 8, 2021, the Company filed a remedial petition for declaratory ruling (the “Remedial PDR”) with the FCC. The Remedial PDR relates to the acquisition by Global Media & Entertainment Ltd (f/k/a Honeycomb Investments Limited) (“Global Investments”) of the Company’s Class A Common Stock. Specifically, on February 5, 2021, Global Investments, The Global Media & Entertainment Investments Trust (the “GMEI Trust”), James Hill (as trustee of the GMEI Trust), Simon Groom (as trustee of the GMEI Trust) and Michael Tabor (as beneficiary of the GMEI Trust) (together with Global Investments and any affiliates or third parties to whom they may assign or transfer any of their rights or interests, the “GMEI Investors”) filed a Schedule 13D with the SEC, in which the GMEI Investors disclosed beneficial ownership of 9,631,329 shares of the Company’s Class A Common Stock, representing approximately 8.7% of the Company’s outstanding Class A Common Stock. This ownership interest is inconsistent with the FCC’s foreign ownership rules and the Declaratory Ruling issued by the FCC relating to the Company’s foreign ownership on November 5, 2020, both of which limit a foreign investor in the GMEI Investors’ position to holding no more than 5% of the Company’s voting equity or total equity without prior FCC approval. The Remedial PDR, which was filed pursuant to the rules and regulations of the FCC, seeks (a) specific approval for the more than 5% equity and voting interests in the Company presently held by the GMEI Investors and (b) advance approval for the GMEI Investors to increase their equity and voting interest in the Company up to any non-controlling amount not to exceed 9.99%. The Remedial PDR remains pending before the FCC. Tax Matters Agreement On the Effective Date, the Company emerged from Chapter 11 and effectuated a series of transactions through which Clear Channel Outdoor Holdings, Inc. ("CCOH"), its parent Clear Channel Holdings, Inc. (“CCH”) and its subsidiaries (collectively with CCOH and CCH, the “Outdoor Group”) were separated from, and ceased to be controlled by, the Company and its subsidiaries (the “Separation”). In connection with the Separation, the Company entered into the Tax Matters Agreement by and among iHeartMedia, iHeartCommunications, iHeart Operations, Inc., CCH, CCOH and Clear Channel Outdoor, Inc., to allocate the responsibility of iHeartMedia and its subsidiaries, on the one hand, and CCOH and its subsidiaries, on the other, for the payment of taxes arising prior and subsequent to, and in connection with, the Separation. The Tax Matters Agreement requires that iHeartMedia and iHeartCommunications indemnify CCOH and its subsidiaries, and their respective directors, officers and employees, and hold them harmless, on an after-tax basis, from and against certain tax claims related to the Separation. In addition, the Tax Matters Agreement requires that CCOH indemnify iHeartMedia for certain income taxes paid by iHeartMedia on behalf of CCOH and its subsidiaries.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES On March 11, 2021 the President signed into law the American Rescue Plan Act, which included provisions on taxes, health care, unemployment benefits, direct payments, state and local funding and other issues. The tax provisions will not have a material impact on the Company’s tax provision calculations. The Company’s income tax benefit (expense) for the three months ended March 31, 2021 and the three months ended March 31, 2020 consisted of the following components: (In thousands) Three Months Ended March 31, 2021 2020 Current tax expense $ (1,589) $ (1,705) Deferred tax benefit (expense) (78,346) 152,216 Income tax benefit (expense) $ (79,935) $ 150,511 The effective tax rate for the Company for the three months ended March 31, 2021 was (49.3)%. The effective tax rate for the three months ended March 31, 2021 was primarily impacted by the deferred tax expense recorded for the valuation allowance against certain deferred tax assets for disallowed interest expense and net operating loss carryforwards due to the uncertainty of the Company’s ability to utilize those assets in future periods. The effective tax rate for the three months ended March 31, 2020 was 8.2%. The effective tax rate for the period was primarily impacted by the impairment charges to non-deductible goodwill. The deferred tax benefit primarily consists of $125.5 million related to the FCC license impairment charges recorded during the period.

STOCKHOLDER'S EQUITY

STOCKHOLDER'S EQUITY	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
STOCKHOLDER'S EQUITY	STOCKHOLDER'S EQUITY Pursuant to the Company's 2019 Equity Incentive Plan, the Company has granted restricted stock units and options to purchase shares of the Company's Class A common stock to certain key individuals. Share-based Compensation Share-based compensation expenses are recorded in Selling, general and administrative expenses and were $5.7 million and $4.6 million for the Company for three months ended March 31, 2021 and the three months ended March 31, 2020, respectively. In August 2020, the Company issued performance-based restricted stock units ("Performance RSUs") to certain key employees. Such Performance RSUs vest upon the achievement of critical operational (cost savings) improvements and specific environmental, social and governance initiatives, which are being measured over an approximately 18-month period from the date of issuance. In the three months ended March 31, 2021, the Company recognized $0.5 million in relation to these Performance RSUs. As of March 31, 2021, there was $48.4 million of unrecognized compensation cost related to unvested share-based compensation arrangements with vesting based on service conditions. This cost is expected to be recognized over a weighted average period of approximately 2.6 years. In addition, as of March 31, 2021, there was $1.1 million of unrecognized compensation cost related to unvested share-based compensation arrangements that will vest based on certain performance conditions. Common Stock and Special Warrants The Company is authorized to issue 2,100,000,000 shares, consisting of (a) 1,000,000,000 shares of Class A Common Stock, par value $0.001 per share (the “Class A Common Stock”), (b) 1,000,000,000 shares of Class B Common Stock, par value $0.001 per share (the “Class B Common Stock”), and (c) 100,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”). The following table presents the Company's Class A Common Stock, Class B Common Stock and Special Warrants issued and outstanding as of March 31, 2021: March 31, (Unaudited) Class A Common Stock, par value $.001 per share, 1,000,000,000 shares authorized 112,033,028 Class B Common Stock, par value $.001 per share, 1,000,000,000 shares authorized 29,070,192 Special Warrants 5,379,822 Total Class A Common Stock, Class B Common Stock and Special Warrants issued 146,483,042 During the three months ended March 31, 2021, stockholders converted 154,045 shares of the Class B common stock into Class A common stock. During the three months ended March 31, 2020, stockholders converted 5,915 shares of the Class B common stock into Class A common stock. Special Warrants Each Special Warrant issued under the special warrant agreement entered into in connection with the Reorganization may be exercised by its holder to purchase one share of Class A common stock or Class B common stock at an exercise price of $0.001 per share, unless the Company in its sole discretion believes such exercise would, alone or in combination with any other existing or proposed ownership of common stock, result in, subject to certain exceptions, (a) such exercising holder owning more than 4.99 percent of the Company's outstanding Class A common stock, (b) more than 22.5 percent of the Company's capital stock or voting interests being owned directly or indirectly by foreign individuals or entities, (c) the Company exceeding any other applicable foreign ownership threshold or (d) violation of any provision of the Communications Act or restrictions on ownership or transfer imposed by the Company's certificate of incorporation or the decisions, rules and policies of the FCC. Any holder exercising Special Warrants must complete and timely deliver to the warrant agent the required exercise forms and certifications required under the special warrant agreement. The Communications Act and FCC regulations prohibit foreign entities or individuals from indirectly (i.e., through a parent company) owning or voting more than 25 percent of a licensee’s equity, unless the FCC determines that greater indirect foreign ownership is in the public interest. As described further in Note 6 above, on July 25, 2019, the Company filed a PDR requesting FCC consent to exceed the 25 percent foreign ownership and voting benchmarks that currently apply to us. On November 5, 2020, the FCC issued the Declaratory Ruling granting the relief requested by the PDR. On November 9, 2020, the Company sent Exchange Notices to the holders of Special Warrants, notifying them of the Exchange process. On January 8, 2021, the Company exchanged a portion of the outstanding Special Warrants into Class A common stock or Class B common stock, in compliance with the Declaratory Ruling, the Communications Act and FCC rules. Following the Exchange, the Company’s remaining Special Warrants continue to be exercisable for shares of Class A common stock or Class B common stock. See "Part II, Item 1A. Risk Factors - Regulatory, Legislative and Litigation Risks, Regulations imposed by the Communications Act and the FCC limit the amount of foreign individuals or entities that may invest in our capital stock without FCC approval" of this Quarterly Report on Form 10-Q and "Part I, Item 1. Business – Regulation of Our Business, Alien Ownership Restrictions" of our Annual Report on Form 10-K for the year ended December 31, 2020 for additional information. During the three months ended March 31, 2021, stockholders exercised 47,121,747 Special Warrants for an equivalent number of shares of Class A common stock. During the three months ended March 31, 2021, stockholders exercised 22,337,312 Special Warrants for an equivalent number of shares of Class B common stock. During the three months ended March 31, 2020, stockholders exercised 2,126,591 Special Warrants for an equivalent number of shares of Class A common stock. During the three months ended March 31, 2020, stockholders exercised 616 Special Warrants for an equivalent number of shares of Class B common stock. As further described in Note 6, Commitments and Contingencies above, on March 8, 2021, the Company’s Board of Directors (the “Board”) resolved to take certain actions to limit the rights of the GMEI Investors in connection with the Company’s pending Remedial PDR and in order to implement certain conditions required by the FCC. Such actions, included, but are not limited to, suspending all voting rights of GMEI Investors until and unless the FCC releases a declaratory ruling granting specific approval for each of the GMEI Investors to hold more than 5% of the equity and/or voting interests of the Company. Stockholder Rights Plan On May 5, 2020, the Board approved the adoption of a short-term stockholder rights plan (the “Stockholder Rights Plan”) in order to protect the best interests of all Company stockholders during the current period of high equity-market volatility and price disruption. Pursuant to the stockholder rights plan, the Board declared a dividend distribution of one right on each outstanding share of the Company’s Class A common stock, share of Class B common stock and special warrant issued in connection with the Plan of Reorganization. The record date for such dividend distribution was May 18, 2020. Under the Stockholder Rights Plan, subject to certain exceptions, the rights were generally be exercisable only if, in a transaction not approved by the Board, a person or group acquired beneficial ownership of 10% or more of the Company’s Class A common stock (or 20% in the case of certain passive investors), including through such person’s ownership of the convertible Class B common stock and/or special warrants, as further detailed in the Stockholder Rights Plan. In that situation, each holder of a right (other than the acquiring person or group) had the right to purchase, upon payment of the exercise price, a number of shares of the Company’s Class A common stock, Class B common stock or special warrants, as applicable, having a market value of twice such price. In addition, the Stockholder Rights Plan contained a similar provision if the Company was acquired in a merger or other business combination after an acquiring person acquires beneficial ownership of 10% or more of the Company’s Class A common stock (or 20% in the case of certain passive investors). The Stockholder Rights Plan expired in accordance with its terms on May 5, 2021 and the rights are no longer outstanding. Computation of Loss per Share (In thousands, except per share data) Three Months Ended March 31, 2021 2020 NUMERATOR: Net loss attributable to the Company – common shares $ (241,723) $ (1,688,736) DENOMINATOR (1) : Weighted average common shares outstanding - basic 146,214 145,614 Stock options and restricted stock (2) : — — Weighted average common shares outstanding - diluted 146,214 145,614 Net loss attributable to the Company per common share: Basic $ (1.65) $ (11.60) Diluted $ (1.65) $ (11.60) (1) All of the outstanding Special Warrants are included in both the basic and diluted weighted average common shares outstanding of the Company for the three months ended March 31, 2021 and three months ended March 31, 2020.

SEGMENT DATA

SEGMENT DATA	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA As discussed in Note 1, in connection with certain leadership and organizational changes implemented in the first quarter 2021, the Company revised its segment reporting as of January 1, 2021. The corresponding current and prior period segment disclosures were recast to reflect the current segment presentation. Segment Adjusted EBITDA is the segment profitability metric reported to the Company’s Chief Operating Decision Maker for purposes of decisions about allocation of resources to, and assessing performance of, each reportable segment. The Company’s primary businesses are included in its Multiplatform Group and Digital Audio Group segments. Revenue and expenses earned and charged between Multiplatform Group, Digital Audio Group, Corporate and the Company's Audio & Media Services Group are eliminated in consolidation. The Multiplatform Group provides media and entertainment services via broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group provides media and entertainment services via digital delivery. The Audio & Media Services Group provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS). Corporate includes infrastructure and support, including executive, information technology, human resources, legal, finance and administrative functions for the Company’s businesses. Share-based payments are recorded in Selling, general and administrative expense. The following tables present the Company's segment results for the Company for the three months ended March 31, 2021 and 2020: Segments (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Corporate and other reconciling items Eliminations Consolidated Three Months Ended March 31, 2021 Revenue $ 497,897 $ 157,553 $ 55,137 $ — $ (3,922) $ 706,665 Operating expenses (1) 393,106 117,542 39,788 57,904 (3,922) 604,418 Adjusted EBITDA (2) $ 104,791 $ 40,011 $ 15,349 $ (57,904) $ — $ 102,247 Depreciation and amortization (107,363) Impairment charges (37,744) Other operating expense, net (2,771) Restructuring expenses (25,040) Share-based compensation expense (5,685) Operating loss $ (76,356) Intersegment revenues $ 167 $ 1,894 $ 1,861 $ — $ — $ 3,922 Capital expenditures $ 10,069 $ 5,425 $ 1,047 $ 2,409 $ — $ 18,950 Share-based compensation expense $ — $ — $ — $ 5,685 $ — $ 5,685 Segments (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Corporate and other reconciling items Eliminations Consolidated Three Months Ended March 31, 2020 Revenue $ 629,609 $ 92,776 $ 60,227 $ — $ (1,978) $ 780,634 Operating expenses (1) 478,004 76,182 42,527 45,560 (1,978) 640,295 Adjusted EBITDA (2) $ 151,605 $ 16,594 $ 17,700 $ (45,560) $ — $ 140,339 Depreciation and amortization (96,768) Impairment charges (1,727,857) Other operating expense, net (1,066) Restructuring expenses (40,802) Share-based compensation expense (4,625) Operating loss $ (1,730,779) Intersegment revenues $ 167 $ — $ 1,811 $ — $ — $ 1,978 Capital expenditures $ 13,257 $ 3,574 $ 662 $ 4,171 $ — $ 21,664 Share-based compensation expense $ — $ — $ — $ 4,625 $ — $ 4,625 (1) Consolidated operating expenses consist of Direct operating expenses and Selling, general and administrative expenses and exclude Restructuring expenses, share-based compensation expenses and depreciation and amortization.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2021
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. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. As of January 1, 2021, the Company began reporting based on three reportable segments: ▪ the iHeartMedia Multiplatform Group, which includes the Company's Broadcast radio, Networks and Sponsorships and Events businesses; ▪ the iHeartMedia Digital Audio Group, which includes all of the Company's Digital businesses, including Podcasting; and ▪ the Audio & Media Services Group, which includes Katz Media Group (“Katz Media”), a full-service media representation business, and RCS Sound Software ("RCS"), a provider of scheduling and broadcast software and services. These reporting segments reflect how senior management operates the Company, align with certain leadership and organizational changes implemented in the first quarter 2021 and provide improved visibility into the underlying performances, results, and margin profiles of our distinct businesses. Additionally, as of January 1, 2021, Segment Adjusted EBITDA is the segment profitability metric reported to the Company's Chief Operating Decision Maker for purposes of making decisions about allocation of resources to, and assessing performance of, each reportable segment. Segment Adjusted EBITDA is calculated as Revenue less operating expenses, excluding restructuring expenses and share-based compensation expenses. Restructuring expenses primarily include severance expenses incurred in connection with cost saving initiatives, as well as certain expenses, which, in the view of management, are outside the ordinary course of business or otherwise not representative of the Company's operations during a normal business cycle The corresponding current and prior period segment disclosures have been recast to reflect the current segment presentation. See Note 9, Segment Data .
Reclassifications and New Segment Presentation	Reclassifications and New Segment Presentation Certain prior period amounts have been reclassified to conform to the 2021 presentation. In connection with the organization and leadership changes resulting in the realignment of its reportable segments as discussed above, the Company also determined that all selling, general and administrative expenses incurred by its reportable segments and by its corporate functions would be reported together as Selling, general and administrative expenses. Amounts presented in prior years as Corporate expenses have been reclassified as Selling, general and administrative expenses to conform to the current presentation.
New Accounting Pronouncements Recently Adopted	New Accounting Pronouncements Recently Adopted In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of the Interbank Offered Rate Transition on Financial Reporting to provide optional relief from applying generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform. In addition, in January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) – Scope, to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The guidance is effective upon issuance and generally can be applied through December 31, 2022. We are currently evaluating the future impact of adoption of this standard.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
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, December 31, Cash and cash equivalents $ 529,134 $ 720,662 Restricted cash included in: Other assets 524 525 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 529,658 $ 721,187

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables show revenue streams for the three months ended March 31, 2021 and 2020: (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Eliminations Consolidated Three Months Ended March 31, 2021 Revenue from contracts with customers: Broadcast Radio (1) $ 358,536 $ — $ — $ — $ 358,536 Networks (2) 115,086 — — — 115,086 Sponsorship and Events (3) 22,393 — — — 22,393 Digital, excluding Podcast (4) — 119,201 — (1,894) 117,307 Podcast (5) — 38,352 — — 38,352 Audio & Media Services (6) — — 55,137 (1,861) 53,276 Other (7) 1,399 — — (167) 1,232 Total 497,414 157,553 55,137 (3,922) 706,182 Revenue from leases (8) 483 — — — 483 Revenue, total $ 497,897 $ 157,553 $ 55,137 $ (3,922) $ 706,665 Three Months Ended March 31, 2020 Revenue from contracts with customers: Broadcast Radio (1) $ 461,660 $ — $ — $ — $ 461,660 Networks (2) 134,577 — — — 134,577 Sponsorship and Events (3) 29,348 — — — 29,348 Digital, excluding Podcast (4) — 76,921 — — 76,921 Podcast (5) — 15,855 — — 15,855 Audio & Media Services (6) — — 60,227 (1,811) 58,416 Other (7) 3,560 — — (167) 3,393 Total 629,145 92,776 60,227 (1,978) 780,170 Revenue from leases (8) 464 — — — 464 Revenue, total $ 629,609 $ 92,776 $ 60,227 $ (1,978) $ 780,634 (1) Broadcast Radio revenue is generated through the sale of advertising time on the Company’s domestic radio stations. (2) Networks revenue is generated through the sale of advertising on the Company’s Premiere and Total Traffic & Weather network programs and through the syndication of network programming to other media companies. (3) Sponsorship and events revenue is generated through local events and major nationally-recognized tent pole events and include sponsorship and other advertising revenue, ticket sales, and licensing, as well as endorsement and appearance fees generated by on-air talent. (4) Digital, excluding Podcast revenue is generated through the sale of streaming and display advertisements on digital platforms and through subscriptions to iHeartRadio streaming services. (5) Podcast revenue is generated through the sale of advertising on the Company's podcast network. (6) Audio & Media Services revenue is generated by services provided to broadcast industry participants through the Company’s Katz Media and RCS businesses. As a media representation firm, Katz Media generates revenue via commissions on media sold on behalf of the radio and television stations that it represents, while RCS generates revenue by providing broadcast and webcast software and technology and services to radio stations, television music channels, cable companies, satellite music networks and Internet stations worldwide. (7) Other revenue represents fees earned for miscellaneous services, including on-site promotions, activations, and local marketing agreements. (8) Revenue from leases is primarily generated by the lease of towers to other media companies, which are all categorized as operating leases.
Barter And Trade Revenues And Expenses	Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows: Three Months Ended March 31, (In thousands) 2021 2020 Trade and barter revenues $ 31,946 $ 52,678 Trade and barter expenses 27,998 54,998
Summary of Contract with Customer, Asset and Liability	The following tables show the Company’s deferred revenue balance from contracts with customers: Three Months Ended March 31, (In thousands) 2021 2020 Deferred revenue from contracts with customers: Beginning balance (1) $ 145,493 $ 162,068 Revenue recognized, included in beginning balance (39,531) (80,055) Additions, net of revenue recognized during period, and other 59,379 93,308 Ending balance $ 165,341 $ 175,321 (1) Deferred revenue from contracts with customers, which excludes other sources of deferred revenue that are not related to contracts with customers, is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized.
Schedule of Future Lease Payments to Be Received	As of March 31, 2021, the future lease payments to be received by the Company are as follows: (In thousands) 2021 $ 1,301 2022 1,194 2023 1,141 2024 965 2025 784 Thereafter 11,175 Total $ 16,560

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The following table provides supplemental cash flow information related to leases for the periods presented: Three Months Ended March 31, (In thousands) 2021 2020 Cash paid for amounts included in measurement of operating lease liabilities $ 29,951 30,613 Lease liabilities arising from obtaining right-of-use assets (1) $ 8,276 $ 7,620 (1) Lease liabilities from obtaining right-of-use assets include new leases entered into during the three months ended March 31, 2021 and 2020, respectively.

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020, respectively: (In thousands) March 31, December 31, Land, buildings and improvements $ 378,226 $ 386,980 Towers, transmitters and studio equipment 170,689 169,788 Computer equipment and software 457,279 398,084 Furniture and other equipment 45,644 45,711 Construction in progress 24,249 25,073 1,076,087 1,025,636 Less: accumulated depreciation 250,879 213,934 Property, plant and equipment, net $ 825,208 $ 811,702
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, 2021 and December 31, 2020, respectively: (In thousands) March 31, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer / advertiser relationships 1,656,502 (328,818) 1,620,509 (286,066) Talent and other contracts 377,100 (98,796) 375,900 (84,065) Trademarks and tradenames 335,861 (62,645) 326,061 (54,358) Other 7,651 (5,832) 31,351 (4,840) Total $ 2,377,114 $ (496,091) $ 2,353,821 $ (429,329)
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) 2022 $ 258,413 2023 249,317 2024 247,860 2025 216,485 2026 204,474
Schedule of Changes In Carrying Amount Of Goodwill	The following table presents the changes in the carrying amount of goodwill: (In thousands) Audio Audio & Media Services Consolidated Balance as of December 31, 2019 $ 3,221,468 $ 104,154 $ 3,325,622 Impairment (1,224,374) — (1,224,374) Acquisitions 44,606 — 44,606 Dispositions (164) — (164) Foreign currency — 245 245 Balance as of December 31, 2020 $ 2,041,536 $ 104,399 $ 2,145,935 (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Consolidated Balance as of January 1, 2021 $ 1,462,217 $ 579,319 $ 104,399 $ 2,145,935 Acquisitions — 167,406 — 167,406 Foreign currency — — (118) (118) Balance as of March 31, 2021 $ 1,462,217 $ 746,725 $ 104,281 $ 2,313,223

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding for the Company as of March 31, 2021 and December 31, 2020 consisted of the following: (In thousands) March 31, 2021 December 31, 2020 Term Loan Facility due 2026 $ 2,075,005 $ 2,080,259 Incremental Term Loan Facility due 2026 446,625 447,750 Asset-based Revolving Credit Facility due 2023 (1) — — 6.375% Senior Secured Notes due 2026 800,000 800,000 5.25% Senior Secured Notes due 2027 750,000 750,000 4.75% Senior Secured Notes due 2028 500,000 500,000 Other secured subsidiary debt (2) 22,169 22,753 Total consolidated secured debt 4,593,799 4,600,762 8.375% Senior Unsecured Notes due 2027 1,450,000 1,450,000 Other unsecured subsidiary debt 270 6,782 Original issue discount (18,020) (18,817) Long-term debt fees (21,063) (21,797) Total debt 6,004,986 6,016,930 Less: Current portion 28,628 34,775 Total long-term debt $ 5,976,358 $ 5,982,155 (1) As of March 31, 2021, the senior secured asset-based revolving credit facility (the “ABL Facility”) had a borrowing base of $348.5 million, no outstanding borrowings and $32.1 million of outstanding letters of credit, resulting in $316.4 million of borrowing base availability. As a result of certain restrictions in the Company's debt and preferred stock agreements, as of March 31, 2021, approximately $178 million was available to be drawn upon under the ABL Facility. (2) Other secured subsidiary debt consists of finance lease obligations maturing at various dates from 2022 through 2045.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The Company’s income tax benefit (expense) for the three months ended March 31, 2021 and the three months ended March 31, 2020 consisted of the following components: (In thousands) Three Months Ended March 31, 2021 2020 Current tax expense $ (1,589) $ (1,705) Deferred tax benefit (expense) (78,346) 152,216 Income tax benefit (expense) $ (79,935) $ 150,511

STOCKHOLDER'S EQUITY (Tables)

STOCKHOLDER'S EQUITY (Tables)	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Schedule of Stock by Class	The following table presents the Company's Class A Common Stock, Class B Common Stock and Special Warrants issued and outstanding as of March 31, 2021: March 31, (Unaudited) Class A Common Stock, par value $.001 per share, 1,000,000,000 shares authorized 112,033,028 Class B Common Stock, par value $.001 per share, 1,000,000,000 shares authorized 29,070,192 Special Warrants 5,379,822 Total Class A Common Stock, Class B Common Stock and Special Warrants issued 146,483,042
Computation of Income (Loss) Per Share	(In thousands, except per share data) Three Months Ended March 31, 2021 2020 NUMERATOR: Net loss attributable to the Company – common shares $ (241,723) $ (1,688,736) DENOMINATOR (1) : Weighted average common shares outstanding - basic 146,214 145,614 Stock options and restricted stock (2) : — — Weighted average common shares outstanding - diluted 146,214 145,614 Net loss attributable to the Company per common share: Basic $ (1.65) $ (11.60) Diluted $ (1.65) $ (11.60) (1) All of the outstanding Special Warrants are included in both the basic and diluted weighted average common shares outstanding of the Company for the three months ended March 31, 2021 and three months ended March 31, 2020.

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following tables present the Company's segment results for the Company for the three months ended March 31, 2021 and 2020: Segments (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Corporate and other reconciling items Eliminations Consolidated Three Months Ended March 31, 2021 Revenue $ 497,897 $ 157,553 $ 55,137 $ — $ (3,922) $ 706,665 Operating expenses (1) 393,106 117,542 39,788 57,904 (3,922) 604,418 Adjusted EBITDA (2) $ 104,791 $ 40,011 $ 15,349 $ (57,904) $ — $ 102,247 Depreciation and amortization (107,363) Impairment charges (37,744) Other operating expense, net (2,771) Restructuring expenses (25,040) Share-based compensation expense (5,685) Operating loss $ (76,356) Intersegment revenues $ 167 $ 1,894 $ 1,861 $ — $ — $ 3,922 Capital expenditures $ 10,069 $ 5,425 $ 1,047 $ 2,409 $ — $ 18,950 Share-based compensation expense $ — $ — $ — $ 5,685 $ — $ 5,685 Segments (In thousands) Multiplatform Group Digital Audio Group Audio & Media Services Group Corporate and other reconciling items Eliminations Consolidated Three Months Ended March 31, 2020 Revenue $ 629,609 $ 92,776 $ 60,227 $ — $ (1,978) $ 780,634 Operating expenses (1) 478,004 76,182 42,527 45,560 (1,978) 640,295 Adjusted EBITDA (2) $ 151,605 $ 16,594 $ 17,700 $ (45,560) $ — $ 140,339 Depreciation and amortization (96,768) Impairment charges (1,727,857) Other operating expense, net (1,066) Restructuring expenses (40,802) Share-based compensation expense (4,625) Operating loss $ (1,730,779) Intersegment revenues $ 167 $ — $ 1,811 $ — $ — $ 1,978 Capital expenditures $ 13,257 $ 3,574 $ 662 $ 4,171 $ — $ 21,664 Share-based compensation expense $ — $ — $ — $ 4,625 $ — $ 4,625 (1) Consolidated operating expenses consist of Direct operating expenses and Selling, general and administrative expenses and exclude Restructuring expenses, share-based compensation expenses and depreciation and amortization.

BASIS OF PRESENTATION - Narrati

BASIS OF PRESENTATION - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)
Accounting Policies [Abstract]
Number of reportable segments | segment	3
Cash and cash equivalents	$ 529,134	$ 720,662
Increase in allowable interest deduction, COVID-19		179,400
Deferred payment of certain employment taxes, COVID-19		$ 29,300
Refundable payroll tax credit, COVID-19	$ 12,400

BASIS OF PRESENTATION - Reconci

BASIS OF PRESENTATION - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and cash equivalents	$ 529,134	$ 720,662
Restricted cash included in:
Other assets	524	525
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	$ 529,658	$ 721,187	$ 658,117	$ 411,618

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 706,182	$ 780,170
Revenue from leases	483	464
Revenue, total	706,665	780,634
Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(3,922)	(1,978)
Revenue from leases	0	0
Revenue, total	(3,922)	(1,978)
Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	497,414	629,145
Revenue from leases	483	464
Revenue, total	497,897	629,609
Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	157,553	92,776
Revenue from leases	0	0
Revenue, total	157,553	92,776
Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	55,137	60,227
Revenue from leases	0	0
Revenue, total	55,137	60,227
Broadcast Radio
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	358,536	461,660
Broadcast Radio | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Broadcast Radio | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	358,536	461,660
Broadcast Radio | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Broadcast Radio | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Networks
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	115,086	134,577
Networks | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Networks | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	115,086	134,577
Networks | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Networks | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Sponsorship and Events
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	22,393	29,348
Sponsorship and Events | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Sponsorship and Events | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	22,393	29,348
Sponsorship and Events | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Sponsorship and Events | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Broader Digital
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	117,307	76,921
Broader Digital | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(1,894)	0
Broader Digital | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Broader Digital | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	119,201	76,921
Broader Digital | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Podcast
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	38,352	15,855
Podcast | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Podcast | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Podcast | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	38,352	15,855
Podcast | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Audio and Media Services
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	53,276	58,416
Audio and Media Services | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(1,861)	(1,811)
Audio and Media Services | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Audio and Media Services | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Audio and Media Services | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	55,137	60,227
Other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,232	3,393
Other | Eliminations
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(167)	(167)
Other | Multiplatform Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,399	3,560
Other | Digital Audio Group | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0
Other | Audio and Media Services | Operating segments
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 0	$ 0

REVENUE - Schedule of Barter an

REVENUE - Schedule of Barter and Trade Revenue and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Trade and barter revenues	$ 706,182	$ 780,170
Trade and Barter Transactions
Disaggregation of Revenue [Line Items]
Trade and barter revenues	31,946	52,678
Trade and barter expenses	$ 27,998	$ 54,998

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Trade and barter revenues	$ 706,182	$ 780,170
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 260,000
Revenue, remaining performance obligation, period	5 years
Advertising Trade and Barter Transactions
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Trade and barter revenues	$ 2,200	$ 5,000

REVENUE - Schedule of Contract

REVENUE - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Contract Liabilities
Beginning balance	$ 145,493	$ 162,068
Revenue recognized, included in beginning balance	(39,531)	(80,055)
Additions, net of revenue recognized during period, and other	59,379	93,308
Ending balance	$ 165,341	$ 175,321

REVENUE - Revenue From Leases (

REVENUE - Revenue From Leases (Details) $ in Thousands	Mar. 31, 2021USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2021	$ 1,301
2022	1,194
2023	1,141
2024	965
2025	784
Thereafter	11,175
Total	$ 16,560

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Impairment charges	$ 37,744	$ 1,727,857
Non-cash impairment charge on operating lease	28,800
Impairment of leasehold improvements	8,900
Cash paid for amounts included in measurement of operating lease liabilities	29,951	30,613
Lease liabilities arising from obtaining right-of-use assets	8,276	7,620
Non-cash operating lease expense	$ 24,800	$ 24,100

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 2,313,223,000	$ 2,313,223,000		$ 2,145,935,000	$ 3,325,622,000
Total amortization expense related to definite-lived intangible assets		66,300,000	$ 64,300,000
Impairment of intangibles			0
Goodwill impairment		0	1,200,000,000	$ 1,224,374,000
Triton Digital
Indefinite-lived Intangible Assets [Line Items]
Consideration transferred for acquisition	228,400,000
Assets acquired	69,700,000	69,700,000
Intangible assets acquired	190,700,000	190,700,000
Goodwill	167,400,000	167,400,000
Tax-deductible goodwill	6,900,000	6,900,000
Liabilities assumed	$ 32,000,000	$ 32,000,000
FCC Licenses
Indefinite-lived Intangible Assets [Line Items]
Impairment of FCC licenses			$ 502,700,000

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,076,087	$ 1,025,636
Less: accumulated depreciation	250,879	213,934
Property, plant and equipment, net	825,208	811,702
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	378,226	386,980
Towers, transmitters and studio equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	170,689	169,788
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	457,279	398,084
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	45,644	45,711
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 24,249	$ 25,073

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Gross Carrying Amount and Accumulated Amortization for Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,377,114	$ 2,353,821
Accumulated Amortization	(496,091)	(429,329)
Customer / advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,656,502	1,620,509
Accumulated Amortization	(328,818)	(286,066)
Talent and other contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	377,100	375,900
Accumulated Amortization	(98,796)	(84,065)
Trademarks and tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	335,861	326,061
Accumulated Amortization	(62,645)	(54,358)
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,651	31,351
Accumulated Amortization	$ (5,832)	$ (4,840)

PROPERTY, PLANT AND EQUIPMENT_6

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2021USD ($)
Property, Plant and Equipment [Abstract]
2022	$ 258,413
2023	249,317
2024	247,860
2025	216,485
2026	$ 204,474

PROPERTY, PLANT AND EQUIPMENT_7

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Changes In Carrying Amount Of Goodwill (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Goodwill
Beginning balance	$ 2,145,935,000	$ 3,325,622,000	$ 3,325,622,000
Impairment	0	(1,200,000,000)	(1,224,374,000)
Acquisitions	167,406,000		44,606,000
Dispositions			(164,000)
Foreign currency	(118,000)		245,000
Ending balance	2,313,223,000		2,145,935,000
Audio
Goodwill
Beginning balance	2,041,536,000	3,221,468,000	3,221,468,000
Impairment			(1,224,374,000)
Acquisitions			44,606,000
Dispositions			(164,000)
Foreign currency			0
Ending balance			2,041,536,000
Audio and Media Services
Goodwill
Beginning balance	104,399,000	$ 104,154,000	104,154,000
Impairment			0
Acquisitions	0		0
Dispositions			0
Foreign currency	(118,000)		245,000
Ending balance	104,281,000		104,399,000
Multiplatform Group
Goodwill
Beginning balance	1,462,217,000
Acquisitions	0
Foreign currency	0
Ending balance	1,462,217,000		1,462,217,000
Digital Audio Group
Goodwill
Beginning balance	579,319,000
Acquisitions	167,406,000
Foreign currency	0
Ending balance	$ 746,725,000		$ 579,319,000

LONG-TERM DEBT - Schedule Of Lo

LONG-TERM DEBT - Schedule Of Long-Term Debt Outstanding (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt	$ 6,004,986,000	$ 6,016,930,000
Original issue discount	(18,020,000)	(18,817,000)
Long-term debt fees	(21,063,000)	(21,797,000)
Less: Current portion	28,628,000	34,775,000
Total long-term debt	5,976,358,000	5,982,155,000
Secured Debt
Debt Instrument [Line Items]
Long-term debt	4,593,799,000	4,600,762,000
Term Loan Facility due 2026 | Secured Debt
Debt Instrument [Line Items]
Long-term debt	2,075,005,000	2,080,259,000
Incremental Term Loan Facility Due 2026 | Secured Debt
Debt Instrument [Line Items]
Long-term debt	446,625,000	447,750,000
Asset-based Revolving Credit Facility due 2023 | Secured Debt
Debt Instrument [Line Items]
Long-term debt	0	0
Asset-based Revolving Credit Facility due 2023 | Line of Credit
Debt Instrument [Line Items]
Maximum borrowings provided under credit facility	348,500,000
Outstanding borrowings under facility	0
Letters of credit outstanding	32,100,000
Line of credit, excess availability	316,400,000
Line of credit, amount available to be drawn	178,000,000
6.375% Senior Secured Notes due 2026 | Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 800,000,000	800,000,000
Stated interest rate (as a percent)	6.375%
5.25% Senior Secured Notes due 2027 | Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 750,000,000	750,000,000
Stated interest rate (as a percent)	5.25%
4.75% Senior Secured Notes due 2028 | Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 500,000,000	500,000,000
Stated interest rate (as a percent)	4.75%
Other secured subsidiary debt | Secured Debt
Debt Instrument [Line Items]
Long-term debt	$ 22,169,000	22,753,000
8.375% Senior Unsecured Notes due 2027 | Unsecured Debt
Debt Instrument [Line Items]
Long-term debt	$ 1,450,000,000	1,450,000,000
Stated interest rate (as a percent)	8.375%
Other unsecured subsidiary debt | Unsecured Debt
Debt Instrument [Line Items]
Long-term debt	$ 270,000	$ 6,782,000

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	5.40%		5.50%
Aggregate market value of debt			$ 6,200,000
Secured Debt | Term Loan Facility due 2026
Debt Instrument [Line Items]
Periodic principal payment	$ 6,400	$ 5,250

LONG-TERM DEBT - Mandatorily Re

LONG-TERM DEBT - Mandatorily Redeemable Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	May 01, 2019
Debt Instrument [Line Items]
Preferred stock, shares issued (in shares)	0		0
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred stock issued	$ 0		$ 0
Redeemable Preferred Stock
Debt Instrument [Line Items]
Preferred stock, shares issued (in shares)				60,000
Preferred stock, par value (in dollars per share)				$ 0.001
Liquidation preference value	60,000			$ 60,000
Preferred stock issued				$ 60,000
Interest expense paid on dividends	$ 2,400	$ 1,800

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees (Details) $ in Millions	Mar. 31, 2021USD ($)
Surety bonds
Debt Instrument [Line Items]
Guarantees obligations	$ 8.3
Commercial standby letters of credit
Debt Instrument [Line Items]
Guarantees obligations	$ 32.5

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Feb. 05, 2021shares
Commitments and Contingencies Disclosure [Abstract]
Beneficial ownership (in shares)	9,631,329
Beneficial ownership (as a percent)	8.70%

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Current tax expense	$ (1,589)	$ (1,705)
Deferred tax benefit (expense)	(78,346)	152,216
Income tax benefit (expense)	$ (79,935)	$ 150,511

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Effective tax rates (as a percent)	(49.30%)	8.20%
Deferred tax benefit on impairment charge		$ 125.5

STOCKHOLDER'S EQUITY - Narrativ

STOCKHOLDER'S EQUITY - Narrative (Details) $ / shares in Units, $ in Thousands		May 05, 2020right	May 01, 2019$ / shares	Aug. 31, 2020	Mar. 31, 2021USD ($)$ / sharesshares	Mar. 31, 2020USD ($)shares	Dec. 31, 2020$ / sharesshares
Class of Stock [Line Items]
Share-based compensation expense | $					$ 5,685	$ 4,625
Unrecognized compensation cost, weighted average period (in years)					2 years 7 months 6 days
Common stock, shares authorized (in shares)					2,100,000,000
Number of rights declared for each share of common stock | right		1
Beneficial ownership acquired (as a percent)		10.00%
Beneficial ownership acquired by passive investor (as a percent)		20.00%
Vesting based on service conditions
Class of Stock [Line Items]
Unrecognized compensation cost | $					$ 48,400
Vesting based on performance conditions
Class of Stock [Line Items]
Unrecognized compensation cost | $					1,100
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Share-based compensation expense | $					$ 500
Award vesting period (in months)				18 months
Class A Shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)					1,000,000,000		1,000,000,000
Common stock, par value (in dollars per share) | $ / shares					$ 0.001		$ 0.001
Class A Shares | Common Shares
Class of Stock [Line Items]
Conversion of Class B Shares to Class A Shares (in shares)	[1]				(154,045)	(5,915)
Conversion of Special Warrants to Class A and Class B Shares (in shares)	[1]				47,121,747	2,126,591
Class B Shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)					1,000,000,000		1,000,000,000
Common stock, par value (in dollars per share) | $ / shares					$ 0.001		$ 0.001
Class B Shares | Common Shares
Class of Stock [Line Items]
Conversion of Class B Shares to Class A Shares (in shares)	[1]				154,045	5,915
Conversion of Special Warrants to Class A and Class B Shares (in shares)	[1]				22,337,312	616
Preferred Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)					100,000,000
Common stock, par value (in dollars per share) | $ / shares					$ 0.001
Special Warrants
Class of Stock [Line Items]
Special warrants, exercise price per share (in dollars per share) | $ / shares			$ 0.001
Special warrants, conversion terms, ownership percentage of common stock (as a percent)			4.99%
Special warrants, conversion terms, ownership percentage of capital stock or voting interests (as a percent)			22.50%
Special Warrants | Common Shares
Class of Stock [Line Items]
Conversion of Special Warrants to Class A and Class B Shares (in shares)	[1]				(69,459,059)	(2,127,207)
Corporate Expenses
Class of Stock [Line Items]
Share-based compensation expense | $					$ 5,700	$ 4,600
[1]	The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2021.

STOCKHOLDER'S EQUITY - Common S

STOCKHOLDER'S EQUITY - Common Stock and Special Warrants (Details) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	2,100,000,000
Common stock, shares issued (in shares)	146,483,042
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 (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	112,033,028	64,726,864
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 (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	29,070,192	6,886,925
Special Warrants
Class of Stock [Line Items]
Common stock, shares issued (in shares)	5,379,822	74,835,899

STOCKHOLDER'S EQUITY - Computat

STOCKHOLDER'S EQUITY - Computation of Income (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
NUMERATOR:
Net loss attributable to the Company – common shares	$ (241,723)	$ (1,688,736)
DENOMINATOR:
Weighted average common shares outstanding - basic (in shares)	146,214	145,614
Stock options and restricted stock (in shares)	0	0
Weighted average common shares outstanding - Diluted (in shares)	146,214	145,614
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (1.65)	$ (11.60)
Diluted (in dollars per share)	$ (1.65)	$ (11.60)
Outstanding equity awards excluded from computation of diluted earnings per share (in shares)	10,700	8,200

SEGMENT DATA (Details)

SEGMENT DATA (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenue	$ 706,665	$ 780,634
Operating expenses	604,418	640,295
Adjusted EBITDA	102,247	140,339
Depreciation and amortization	(107,363)	(96,768)
Impairment charges	(37,744)	(1,727,857)
Other operating expense, net	(2,771)	(1,066)
Restructuring expenses	(25,040)	(40,802)
Share-based compensation expense	(5,685)	(4,625)
Operating loss	(76,356)	(1,730,779)
Capital expenditures	18,950	21,664
Share-based compensation expense	5,685	4,625
Operating segments | Multiplatform Group
Segment Reporting Information [Line Items]
Revenue	497,897	629,609
Operating expenses	393,106	478,004
Adjusted EBITDA	104,791	151,605
Capital expenditures	10,069	13,257
Share-based compensation expense	0	0
Operating segments | Digital Audio Group
Segment Reporting Information [Line Items]
Revenue	157,553	92,776
Operating expenses	117,542	76,182
Adjusted EBITDA	40,011	16,594
Capital expenditures	5,425	3,574
Share-based compensation expense	0	0
Operating segments | Audio and Media Services
Segment Reporting Information [Line Items]
Revenue	55,137	60,227
Operating expenses	39,788	42,527
Adjusted EBITDA	15,349	17,700
Capital expenditures	1,047	662
Share-based compensation expense	0	0
Corporate and other reconciling items
Segment Reporting Information [Line Items]
Revenue	0	0
Operating expenses	57,904	45,560
Adjusted EBITDA	(57,904)	(45,560)
Capital expenditures	2,409	4,171
Share-based compensation expense	5,685	4,625
Eliminations
Segment Reporting Information [Line Items]
Revenue	(3,922)	(1,978)
Operating expenses	(3,922)	(1,978)
Capital expenditures	0	0
Share-based compensation expense	0	0
Intersegment revenues
Segment Reporting Information [Line Items]
Revenue	3,922	1,978
Intersegment revenues | Multiplatform Group
Segment Reporting Information [Line Items]
Revenue	167	167
Intersegment revenues | Digital Audio Group
Segment Reporting Information [Line Items]
Revenue	1,894	0
Intersegment revenues | Audio and Media Services
Segment Reporting Information [Line Items]
Revenue	$ 1,861	$ 1,811