Quarterly report pursuant to Section 13 or 15(d)

BROADCAST LICENSES

v3.10.0.1
BROADCAST LICENSES
 6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
BROADCAST LICENSES
NOTE 7. BROADCAST LICENSES
 
The following table presents the changes in broadcasting licenses that include acquisitions and divestitures of radio stations and FM translators as discussed in Note 4 of our Condensed Consolidated Financial Statements.
 
Broadcast Licenses
 
Twelve Months Ended
December 31, 2017
 
 
Six Months Ended
June 30, 2018
 
 
 
(Dollars in thousands)
 
Balance, beginning of period before cumulative loss on impairment
 
$
494,058
 
 
$
486,455
 
Accumulated loss on impairment
 
 
(105,541
)
 
 
(105,541
)
Balance, beginning of period after cumulative loss on impairment
 
 
388,517
 
 
 
380,914
 
Acquisitions of radio stations
 
 
191
 
 
 
1,061
 
Acquisitions of FM translators and construction permits
 
 
198
 
 
 
—
 
Capital projects to improve broadcast signal and strength
 
 
5
 
 
 
—
 
Dispositions of radio stations
 
 
(7,997
)
 
 
(8,013
)
Balance, end of period before cumulative loss on impairment
 
 
486,455
 
 
 
479,503
 
Accumulated loss on impairment
 
 
(105,541
)
 
 
(105,541
)
Balance, end of period after cumulative loss on impairment
 
$
380,914
 
 
$
373,962