Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

v3.21.1
Broadcast Licenses (Tables)
 3 Months Ended
Mar. 31, 2021
Indefinite-lived Intangible Assets [Line Items]  
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, 2020
 
  
Three Months Ended

March 31, 2021
 
 
  
(Dollars in thousands)
 
Balance before cumulative loss on impairment, beginning of period
    $ 441,143    
$
440,052
 
Accumulated loss on impairment, beginning of period
      (103,285 )     
(120,279
)
 
    
 
 
    
 
 
  
Balance after cumulative loss on impairment, beginning of period
      337,858    
 
319,773
 
    
 
 
    
 
 
  
Dispositions of radio stations
      (1,091 )     
—  
  
Impairments based on the estimated fair value of broadcast licenses
      (16,994 )     
—  
  
    
 
 
    
 
 
  
Balance, end of period after cumulative loss on impairment
    $ 319,773    
$
319,773
 
    
 
 
    
 
 
  
Balance, end of period before cumulative loss on impairment
    $ 440,052    
$
440,052
 
Accumulated loss on impairment, end of period
      (120,279 )     
(120,279
)
 
    
 
 
    
 
 
  
Balance, end of period after cumulative loss on impairment
    $ 319,773    
$
319,773