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 |
|
|
Nine Months Ended
September 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 |
|
|
|
6,270 |
|
|
Acquisitions of FM translators and construction permits
|
|
|
198 |
|
|
|
11 |
|
|
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 |
|
|
|
484,723 |
|
|
|
|
|
|
|
|
|
|
|
Accumulated loss on impairment
|
|
|
(105,541 |
) |
|
|
(105,541 |
) |
|
|
|
|
|
|
|
|
|
|
Balance, end of period after cumulative loss on impairment
|
|
$ |
380,914 |
|
|
$ |
379,182 |
|
|
|
|
|
|
|
|
|
|
|