Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

v3.21.2
Broadcast Licenses (Tables)
 9 Months Ended
Sep. 30, 2021
Indefinite-lived Intangible Assets [Line Items]  
Schedule of Changes in Broadcasting Licenses
The following table presents the changes in broadcasting licenses including acquisitions and divestitures of radio stations and
FM
translators.
 

Broadcast Licenses
    Twelve Months Ended
December 31, 2020		     
Nine Months Ended

September 30, 2021
  
               
    
(Dollars in thousands)
  
Balance before cumulative loss on impairment,
beginning of period
    $ 435,300     
$
434,209
 
Accumulated loss on impairment, beginning of
period
      (97,442 )    
 
(114,436
) 
    
 
 
     
 
 
  
Balance after cumulative loss on impairment, beginning
of period
      337,858     
 
319,773
 
    
 
 
     
 
 
  
Acquisitions of radio stations
      —       
 
235
 
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     
$
320,008
 
    
 
 
     
 
 
  
Balance, end of period before cumulative loss on
impairment
    $ 434,209     
$
434,444
 
Accumulated loss on impairment, end of period
      (114,436 )    
 
(114,436
) 
    
 
 
     
 
 
  
Balance, end of period after cumulative loss on
impairment
    $ 319,773     
$
320,008