Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

v3.19.1
Broadcast Licenses (Tables)
3 Months Ended
Mar. 31, 2019
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.

 


Broadcast Licenses

  Twelve Months Ended
December 31, 2018
    Three Months Ended
March 31, 2019
 
    (Dollars in thousands)  

Balance, beginning of period before cumulative loss on impairment

  $ 486,455     $ 484,691  

Accumulated loss on impairment

    (105,541     (108,375
 

 

 

   

 

 

 

Balance, beginning of period after cumulative loss on impairment

    380,914       376,316  
 

 

 

   

 

 

 

Acquisitions of radio stations

    6,270       —    

Acquisitions of FM translators and construction permits

    19       —    

Abandoned capital projects

    (40     —    

Dispositions of radio stations

    (8,013     (4,291

Impairments based on the estimated fair value of broadcast licenses

    (2,834     —    
 

 

 

   

 

 

 

Balance, end of period before cumulative loss on impairment

    484,691       480,400  
 

 

 

   

 

 

 

Accumulated loss on impairment

    (108,375     (108,375
 

 

 

   

 

 

 

Balance, end of period after cumulative loss on impairment

  $ 376,316     $ 372,025