Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 21. SUBSEQUENT EVENTS
 
On January 3, 2018, we entered an agreement to sell radio station WBIX-AM in Boston, Massachusetts for $0.7 million in cash. The sale is expected to close later in 2018.
 
On February 28, 2018, we announced a quarterly equity distribution in the amount of $0.0650 per share on Class A and Class B common stock. The equity distribution will be paid on March 28, 2018 to all Class A and Class B common stockholders of record as of March 14, 2018.
 
On March 1, 2018, we entered an APA to acquire radio station KZTS-FM in Little Rock,  Arkansas for $1.1 million in cash. We will begin programming the station under an LMA on April 1, 2018. The sale is expected to close in June 2018.
 
Subsequent events reflect all applicable transactions through the date of the filing.