noted that the decline in multiplatform revenue is still less than it was during the 2020 economic downturn, when Q2 multi-platform group revenues were down 53.4 percent year over year.
Audio & Media Services revenue fell $5.3 million year-over-year due to a decrease in political revenue. The company reported an operating loss of $897 million after reporting income of $83 million in Q2 2022, due to $961 million of non-cash intangible impairment charges. The charges were related to the “impairment of our goodwill and indefinite-lived intangible assets balances.”
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