Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

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Broadcast Licenses (Tables)
 9 Months Ended
Sep. 30, 2018
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 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