Goodwill

Twelve Months Ended

December 31, 2018

Nine Months Ended

September 30, 2019

(Dollars in thousands)

Balance before cumulative loss on impairment, beginning of period

$

28,453

$

28,818

Accumulated loss on impairment, beginning of period

(2,029

)

(2,029

)

Balance after cumulative loss on impairment, beginning of period

26,424

26,789

Acquisitions of radio stations

7

—

Acquisitions of digital media entities

986

6

Dispositions of radio stations

(628

)

(29

)

Dispositions of digital media entities

—

(341

)

Balance before cumulative loss on impairment, end of period

28,818

28,454

Accumulated loss on impairment, end of period

(2,029

)

(2,029

)

Balance after cumulative loss on impairment, end of period

$

26,789

$

26,425