PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2025

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:


(In thousands)	June 30, 2025		December 31, 2024
Land, buildings and improvements	$	328,859	$	335,502
Towers, transmitters and studio equipment	211,757		207,349
Computer equipment and software	707,023		741,259
Furniture and other equipment	53,827		54,108
Construction in progress	20,075		12,186
	1,321,541		1,350,404
Less: accumulated depreciation	870,291		860,561
Property, plant and equipment, net	$	451,250	$	489,843

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.


(In thousands)	June 30, 2025				December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer / advertiser relationships	$	1,652,623	$	(1,035,713)	$	1,652,623	$	(967,377)
Talent and other contracts	338,900		(266,910)		338,900		(245,909)
Trademarks and tradenames	335,912		(207,442)		335,912		(190,450)
Other	18,003		(15,228)		18,003		(14,120)
Total	$	2,345,438	$	(1,525,293)	$	2,345,438	$	(1,417,856)

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)
2026	$	201,512
2027	176,171
2028	160,395
2029	121,622
2030	16,430

Schedule of Changes in Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill:


(In thousands)	Multiplatform Group		Digital Audio Group		Audio & Media Services Group		Consolidated
Balance as of December 31, 2024(1)	$	731,501	$	311,353	$	62,302	$	1,105,156



Foreign currency	—		—		351		351


Balance as of June 30, 2025	$	731,501	$	311,353	$	62,653	$	1,105,507

(1)Beginning goodwill balance is presented net of prior accumulated impairment losses of $2.0 billion related to our Multiplatform Group, $439.4 million related to our Digital Audio Group and $41.6 million related to our Audio & Media Services Group.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

iHeartMedia, Inc. 10-Q