Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

v3.19.2
Broadcast Licenses (Tables)
 6 Months Ended
Jun. 30, 2019
Text Block [Abstract]  
Schedule of Changes in Broadcasting Licenses
The following table presents the changes in broadcasting licenses that include acquisitions and divestitures of radio stations and FM translators.
 

Broadcast Licenses
   Twelve Months Ended
December 31, 2018		    
Six Months Ended

June 30, 2019
  
   
(Dollars in thousands)
  
Balance before cumulative loss on impairment, beginning of period
   $ 486,455    
$
484,691
  
Accumulated loss on impairment, beginning of period
     (105,541 )     
(108,375
) 
   
 
 
    
 
 
  
Balance after cumulative loss on impairment, beginning of period
     380,914      
376,316
  
   
 
 
    
 
 
  
Acquisitions of radio stations
     6,270      
—  
  
Acquisitions of FM translators and construction permits
     19      
300
  
Abandoned capital projects
     (40 )     
—  
  
Dispositions of radio stations
     (8,013 )     
(4,291
) 
Impairments based on the estimated fair value of broadcast licenses
     (2,834 )     
—  
  
   
 
 
    
 
 
  
Balance before cumulative loss on impairment, end of period
     484,691      
480,700
  
   
 
 
    
 
 
  
Accumulated loss on impairment, end of period
     (108,375 )     
(108,375
) 
   
 
 
    
 
 
  
Balance after cumulative loss on impairment, end of period
   $ 376,316    
$
372,325