Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

v3.19.2
Broadcast Licenses (Tables)
6 Months Ended
Jun. 30, 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
   
Six Months Ended

June 30, 2019
 
   
(Dollars in thousands)
 
Balance before cumulative loss on impairment, beginning of period
  $ 486,455    
$
484,691
 
Accumulated loss on impairment, beginning of period
    (105,541    
(108,375
   
 
 
   
 
 
 
Balance after cumulative loss on impairment, beginning of period
    380,914      
376,316
 
   
 
 
   
 
 
 
Acquisitions of radio stations
    6,270      
—  
 
Acquisitions of FM translators and construction permits
    19      
300
 
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 before cumulative loss on impairment, end of period
    484,691      
480,700
 
   
 
 
   
 
 
 
Accumulated loss on impairment, end of period
    (108,375    
(108,375
   
 
 
   
 
 
 
Balance after cumulative loss on impairment, end of period
  $ 376,316    
$
372,325